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Five vessels to tow largest offshore facility ever built – Prelude FLNG

Offshore service contractor POSH Terasea has secured a project to provide towage and positioning services for the Shell Prelude floating liquefied natural gas (“FLNG”) platform – the world’s largest offshore facility ever cons...

11/01/2016 Read

156 saved after ferry collides with barge off Malaysia

Some 156 passengers and crew were rescued after a Malaysian-flagged ferry Zuhairi collided with a lightless barge and partially sank near Semporna port, Malaysia, in the evening hours of January 6, according to the Malaysian Maritime E...

08/01/2016 Read

How low can the oil price go?

The oil price has tumbled again, with Brent crude sinking by 4.2% to $34.88 a barrel on Wednesday, taking the price to its lowest level since 1 July 2004. But how much further could the price fall? What could be the factors that might lead to a re...

08/01/2016 Read

Storm hits Banff FPSO

Canadian Natural Resources (CNR) has reportedly shut down production from its Banff field in the North Sea due to a heavy storm.  The Banff field lies approximately 200 miles east of Aberdeen in the Central North Sea, blocks 22/27a and 29/21....

08/01/2016 Read

Boskalis acquires top German dredging company

Royal Boskalis Westminster has reached a heads of agreement with Strabag SE for the acquisition of the dredging activities and assets of Strabag Wasserbau GmbH, formerly known as Möbius Wasserbau. Strabag Wasserbau, based in Hamburg, is the m...

07/01/2016 Read

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