Helix ESG’s Q5000 Delivered from Jurong Shipyard [IMAGES]


Helix ESG accepted delivery of the Q5000 from Jurong Shipyard this week following sea trials. This DP3 well intervention rig is an upgraded version of its smaller, yet hugely successful sibling, the Q4000.  She will soon be heading to the Gulf of Mexico via Mauritius, Walvis Bay and Curacao where, upon arrival, will conduct some work for various clients before starting a 5 year … [Read more...]

BG Group Still Happy With Shell Takeover Bid as Rising Oil Boosts LNG

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By Karolin Schaps LONDON, May 8 (Reuters) - Britain's BG Group said on Friday it was happy with Shell's $70 billion takeover bid despite a recent upturn in oil prices that led the company to increase the profit outlook for its liquefied natural gas (LNG) business. A near 20 percent rise in crude prices since Shell made its bid for BG on April 8 has raised concerns investors … [Read more...]

MSC Makes the Leap into Social Media

Delivered in November 2014, MSC Oscar has a nominal capacity of 19,224 TEUs. Photo courtesy DNV GL

MSC Mediterranean Shipping Group, a Geneva-based and family-owned company which has historically shied away from communicating with the public about their operations, while maintaining a rather uninteresting website, has changed tack this year. In January, the company relaunched their global website MSC.com, and yesterday, officially announced a new partnership with Orca … [Read more...]

Saudis Splurging in Asia to Win Loyal Oil Customers for Decades


(Bloomberg) -- Saudi Arabia is spending generously now on Asian refiners to lock in its position as the region’s biggest supplier of oil for decades to come. The Saudi national oil company is part of a group that’s building a processing plant in China and it teamed with Asia’s biggest refiner on another in Fujian province. Oil Minister Ali al-Naimi traveled to Beijing last … [Read more...]

Working at the Forefront of Global Maritime R&D in Singapore


ClassNK’s new Global Research and Innovation Center (GRIC) in Singapore is the Tokyo-based class society's first research center outside Japan, and it represents a milestone in the continuing global expansion of their organization's vast research and development activities. The GRIC's opening in February of this year coincided with a new Memorandum of Understanding with the … [Read more...]

U.S. Approves LNG Exports from Cove Point Terminal


The U.S. Energy Department announced Thursday today that it given final authorization for LNG exports from the Dominion Cove Point LNG Terminal located on the Chesapeake Bay in Lusby, Maryland. The authorization allows for the export of up to 770 million standard cubic feet per day of domestically produced natural gas from the terminal to countries that do not have a Free … [Read more...]