Russia News

Image: Teekay LNG Partners

LNGC Containment Market to Reach $16Bln By 2025

in the region. The U.S. is conventionally the key LNG supplier at the global landscape and is a crucial market for LNG carrier containments.Europe ranked third in the LNG carrier containment market in 2018 globally, due to the regional presence of developed economies of Germany, the UK, France, and Russia, growing preference for a clean source of energy, and rising environmental awareness among the regional population.The Middle East and Africa held a notable share of the global market for LNG carrier containment in 2018. The region historically has ample sources of natural gas and has contributed

(File photo: TechnipFMC)

TechnipFMC to Split into Two Companies

and broaden its market focus to include biofuels and alternative energy projects.That company will have about 15,000 employees.TechnipFMC received a record volume of orders in the second quarter, supported by new liquefied natural gas (LNG) projects. The company recently won a $7.6 billion contract from Russia's Novatek for the Arctic LNG-2 project in western Siberia.MacGregor told investors that additional LNG projects were likely meet global demand for the fuel through 2035 and 2040.(Reporting by Arathy S Nair and Liz Hampton; Additional reporting by Gwenaelle Barzic; Editing by Maju Samuel and Richard

(Photo: GEBCO-NF Alumni)

Shell Ocean Discovery XPRIZE Winner Annouced

the Shell Ocean Discovery XPRIZE has been undertaken with assistance from Teledyne CARIS. A truly international group, the GEBCO-NF Alumni Team includes 16 alumni of The Nippon Foundation-GEBCO Postgraduate Training Program at the University of New Hampshire (UNH), US. They are Dr Evgenia Bazhenova (Russia), Aileen Bohan (Ireland), Dr Mohamed Elsaied (Egypt), Andres Fitzcarrald (Peru), Tomer Ketter (Israel), Christina Lacerda (Brazil), Jaya Roperez (Philippines), Azmi Rosedee (Malaysia), Ivan Ryzhov (Russia), Hadar Sade (Israel), Sattiabaruth Seeboruth (Mauritius), Masano Sumiyoshi (Japan), Neil Tinmouth

(Photo: TechnipFMC)

TechnipFMC: Record Orders, Backlog in Q2

record for the business segment and the total backlog for projects for the company increased more than 75 percent since year-end to $25.8 billion.Pferdehirt said TechnipFMC was benefiting from the new wave of liquefied natural gas (LNG) projects. The company on Tuesday won a $7.6 billion contract from Russia's Novatek for the Arctic LNG-2 project in western Siberia."The LNG market growth continues to be underpinned by the structural shift towards natural gas as an energy transition fuel, helping to meet the increasing demand for energy while lowering greenhouse gases," Pferdehirt said.TechnipFMC

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July: Earth's Hottest Month Ever Recorded

low for July, 19.8% below average – surpassing the previous historic low of July 2012.-- Average Antarctic sea-ice coverage was 4.3% below the 1981-2010 average, making it the smallest for July in the 41-year record.-- There were some cool spots: Parts of Scandinavia and western and eastern Russia had temperatures at least 2.7 degrees F below average.An annotated map of the world showing notable climate events that occurred around the world in July 2019. Source: NOA

McDermott President and CEO David Dickson speaks on the impact the Bedfont Lakes relocation will have for company and its clients. (Photo: McDermott)

McDermott Opens Subsea Center in London

will be located in the new office.“The relocation of our subsea office positions us well for the successful execution of recent project awards and enables us to expand our subsea offering to meet projected growth,” said Tareq Kawash, McDermott’s Senior Vice President for Europe, Africa, Russia and Caspian. “Our new office ensures we can deliver comprehensive solutions to our existing and future clients.”McDermott is leasing approximately 4,180 square meters of office space. The building features a canteen, a gymnasium and surrounding parks and lake. There are currently 260

Boosting technology from Schlumberger's OneSubsea (File image: Schlumberger)

Schlumberger Sees International Growth in 2019

hydraulic fracturing businesses slid 25 percent sequentially in the fourth quarter, prompting the company to idle some of its fleets late in the fourth quarter, the company said.Shares of Schlumberger rose 3 percent to $42.60 in trading before the opening bell.Kibsgaard said supply cuts by OPEC and Russia could lead to a gradual recovery in oil prices in 2019.Schlumberger reported fourth-quarter net income of $538 million, or 39 cents per share, compared with a loss of $2.26 billion, or $1.63 per share, a year earlier.Excluding one-time items, the company earned 36 cents per share, in line with analysts

Pioneering Spirit transports the drilling platform topsides for Equinor’s Johan Sverdrup development (Photo: Allseas)

Pioneering Spirit Shifts to the North Sea

to put pipelaying activities on hold again later this year."Pipelay works are progressing well and according to schedule," Kothe said. "The other construction works are on track to complete the twin pipelines by the end of 2019."Nord Stream 2 is being built to transport gas from Russia into Europe. So far, more than 800 kilometers of pipes have been laid on the seabed for the project in line with the permits granted by Germany, Finland, Sweden and Russia. Currently there are more than 1,000 people working on some 20 vessels for the project.Pioneering Spirit installing pipeline

Image: DNV GL

Offshore Pipeline Market to Grow 6.5%

forecast period.The region is expected to have around 12,500 km of offshore pipelines addition in the upcoming years.The region is expected to increase its 70% demand in the next 15 years.Moreover, the region has offshore pipeline addition for around 12,500km during the forecast period.Countries such as Russia, Georgia, and Ukarine are likely to drive the growth of the offshore pipeline market during the forecast period.The major players in the global offshore pipeline market, are Saipem (Italy), Subsea 7 (UK), McDermott (US), Sapura (Malaysia), Wood Group (UK), Technip (UK), Fugro (Netherlands), Atteris

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Survey Vessel Joins Hunt for Lost F-35

force spokesman said."There is always a concern I think if you put one of your most advanced technological pieces of gear, lose it like this F-35, that someone could go get it," a senior U.S. Navy official said at a background briefing this week when asked if he had any concern that China or Russia might want to find the plane."I'm pretty confident the Japanese won't allow that to occur," he said.Investigators may need to recover the aircraft's flight data recorder to find what happened to the $126 million jet.In the meantime, they have examined the missing pilot's

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