The global heavy lift vessel market is a difficult place to be. Utilization for the fleet has remained depressingly low since the first oil and gas downturn in 2014, currently hovering around 33% for the global fleet with a lift capacity of over 800 tonnes, according to IHS Markit’s ConstructionVesselBase.
BP Plc began turning off production at three platforms in the northern Gulf of Mexico and evacuating workers because of the threat from Tropical Storm Cristobal, forecast to make landfall in Louisiana over the weekend, the company said.Norwegian state-oil company Equinor ASA began evacuating non-essential workers on Wednesday and plans to shut production on Friday at its Titan oil platform if
On a windy August afternoon in 2017, Akitsinnguaq Ina Olsen was relaxing in the old harbor of Nuuk, Greenland's capital, when a Chinese icebreaker sailed unannounced into the Arctic island's territorial waters."I saw it by chance," Olsen, 50, told Reuters. "My first thought was: 'They're already here!' They're pretty cheeky, those Chinese.
The Coast Guard is searching for seven people overdue aboard a tour helicopter on Kauai, Thursday."The weather conditions are challenging. We have trained crews responding and on scene searching for any signs of the helicopter and those aboard," said Petty Officer 1st Class Robert Cox, Coast Guard Joint Rescue Command Center Honolulu.
The first liquefied natural gas (LNG) bunker barge on North America’s west coast, which is expected to serve shipping from 2023, is to be built to ABS class.Cryopeak LNG Solutions Corporation and Island Tug & Barge Ltd. (ITB) have developed a design for a 4,000 cubic meter capacity articulated tug and barge (ATB).
First Subsea, part of the First Tech Group based in Aberdeen, has won the inter-array cables protection contract from DEME at the Neart na Gaoithe (NnG) offshore wind farm (OWF).The cable protection system will be designed to protect the cable during installation and during the operating lifespan of the wind farm.
This week marked the start of new leadership at Chesapeake-based Fincantieri Marine Systems North America, as Ryan W. Smith assumed the position as CEO for the company.Smith brings over 15 years of experience in program management and engineering roles with Northrop Grumman and BAE Systems