Offshore Support Vessel Market worth US$25.66 billion by 2023

The report, now available on ASDReports, “Offshore Support Vessel Market by Type (AHTS, PSV, MPSV, Standby & Rescue Vessel, Crew Vessel, Chase Vessel, Seismic Vessel), Application (Shallow and Deepwater), End-User (Oil & Gas and Offshore Wind), and Region – Global Forecast to 2023”.   The…

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Australia’s Northern Territory Lifts Fracking Ban

On the 17th April, Australia’s Northern Territory lifted a nearly two-year moratorium on fracking to extract gas, unlocking vast onshore reserves in the resource-rich region and raising the possibility of other provinces following suit.   The Northern Territory (NT), a 1.4 million square kilometre (540,000…

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Osbit to upgrade subsea plough for Nord Stream 2 construction

DeepOcean has contracted Osbit to upgrade a subsea plough for the construction of the Nord Stream 2 pipeline in the Baltic Sea.   To meet the project’s requirements the Advanced Multi-Pass Plough (AMP500) must be re-engineered to accommodate a larger diameter pipeline.   Osbit plans…

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BiFab yards saved as Scotland brokers deal with Canadian firm

The future of the UK-based offshore fabrication company BiFab has been secured following a deal with a Canadian firm hammered out by the Scottish government which will also take a minority stake in support of the future of the yard.   BiFab’s problems started late…

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Insurance Jottings

Breaking Down the Silos in the Energy Insurance Market The drive to green energy is forcing the Hands of world’s energy producers, with important consequences for insurers, writes Dennis Culligan, Longdown|EIC Ltd. Last month some of the world’s major oil companies and the energy insurance…

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First Commercial LNG Cargo From US East Coast Hits the Seas

The first export of natural gas from the U.S. East Coast has set sail.   Dominion Energy Inc’s Cove Point terminal in Maryland shipped its first commercial cargo of liquefied natural gas on the 16th April, officially bringing the total number of US exporters of…

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Esso Australia pursuing further gas in offshore Bass Strait area

Esso Australia plans to drill two exploration wells in mid-year on the VIC/P70 block, 90 kilometres (56 miles) off the East Gippsland Victorian coast.   According to the company’s website, the wells will target the Baldfish and Hairtail prospects, with the program expected to last…

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CHC helicopters to support Aker BP’s Valhall operations

Helicopter operator CHC Group has signed a two-year contract extension with Aker BP to support its infield shuttle at the greater Valhall field in the Norwegian North Sea.   In a statement announcing the contract on the 17th April, CHC said that the contract will…

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