Search results for: Magnus

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A list of search results

  • 15 January 2018
    Project & Tenders

    DeepOcean and Level Personal have teamed up to create a new company to deliver personnel to the offshore business and marine industry. DeepOcean and Level Personal will each own 50 percent stake in the new company, named Level Offshore. The core business is staffing to the offshore industry and the marine market, with the head […]

  • 18 December 2017
    Business & Finance

    Norwegian oil company Aker BP has awarded Kvaerner a contract for delivery of the topside and steel jacket substructure for Valhall Flank West project development in the Norwegian sector of the North Sea. To remind, Aker BP last week submitted the plans for development and operations for the Valhall Flank West, Ærfugl and Skogul fields to the […]

  • 15 December 2017
    Project & Tenders

    Vattenfall is participating in the tender for the Hollandse Kust (zuid) offshore wind zone, the Netherland’s first non-subsidized tender. Vattenfall has decided to join the tender as part of its commitment to the green transition of Northern Europe, and sees it as an important step to become fossil free within one generation, the Swedish company […]

  • 14 December 2017
    Exploration & Production

    Offshore drilling contractor Odfjell Drilling is looking to reduce pay for its offshore workers. 

  • 13 December 2017
    Business & Finance

    Vattenfall set its new financial targets at an extraordinary general meeting on 12 December, as the renewable energy sector has matured and changed market conditions, resulting in lower risks and thus a lower and more stable financial return.

  • 11 December 2017
    Business & Finance

    The chief operating officer (COO) and executive director of EnQuest has decided to step down from his positions in the company.

  • 27 November 2017
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    The Finnish power utility Fortum has acquired shares in wave energy player Seabased, corresponding to an approximate 10% stake in the company.

  • 27 November 2017
    Project & Tenders

    Finland-based clean energy company, Fortum, has acquired a 10 percent stake in Seabased for an undisclosed value. Seabased is a Swedish company offering wave energy solutions from design, to manufacture and installation of grid-connected wave parks. The company is known for its Sotenäs project that was jointly developed with Fortum and the Swedish Energy Agency. The Swedish Energy Agency […]

  • 16 November 2017
    Exploration & Production

    Spanish oil company Repsol is set to resume work on the Yme field in the North Sea offshore Norway, after years of delays at the project. The company has hired a drilling rig/production platform, and has ordered caisson support structure for the Yme New Development project. Danish driller Maersk Drilling on Thursday said it has […]

  • 16 November 2017
    Equipment, Project & Tenders

    Kvaerner has been awarded a contract from Repsol Norge for the construction of a permanent caisson support structure for the Yme new development project. The construction contract, with a value of around NOK 70 million, includes procurement of materials and construction of the Yme support structure which is 38 meters tall and weighs 1 300 […]

  • 9 November 2017
    Business & Finance, Environment, Operations & Maintenance, Research & Development, Technology

    Waves4Power’s WaveEL wave energy device has reached five months of exporting electricity to the Norwegian power grid from the Runde test site.

  • 6 November 2017

    Container volumes at the Port of Gothenburg have reached a new record low, according to the port, which recorded a fall of 28 percent in its figures for the third quarter of this year when compared to Q3 of 2016. Based on the figures, this is the worst third quarter ever in terms of container […]

  • 30 October 2017
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    Seabased is reportedly discontinuing further deployments at its Sotenäs wave energy park off Sweden as it plans to continue with wave energy research in the area.

  • 29 October 2017
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    Subsea World News has put together a recap of the most interesting articles from the previous week (October 23 – October 29). Heerema Marine Contractors (HMC) has announced intention to implement a restructuring of the company with approximately 250 jobs lost. The restructuring is related to the continuing low oil price and historic low investments […]

  • 24 October 2017

    Norway’s offshore vessel owner Forland Shipping will sell its fleet of two subsea vessels to Nord Vest AS, a company run by Age Remoy, founder of REM Offshore, a company that recently became part of Solstad Farstad. Forland has found itself in a tight spot as it has been unable to keep its vessels – […]

  • 24 October 2017
    Business & Finance, Operations & Maintenance

    The principal owner of Frode Bjørn AS, Torpevikvegen 4-6 Eiendom AS, said it will sell 100% of Frode Bjørn AS to In Nord Vest after a restructuring has been completed. Frode Bjørn is the parent company of Forland group of companies with fleet of two wholly-owned subsea vessels Forland Inspector (Lewek Inspector) and Fugro Saltire. […]

  • 12 October 2017
    Business & Finance

    Swedish Port of Gothenburg has decided not to increase the charges set out in the port tariff for the third year in succession, keeping the charges for 2018 on the same level as 2015. “By doing so, we are seeking to boost growth in industry, shipping and port operations. At the same time, we want to be […]

  • 8 September 2017
    Business & Finance

    Norwegian builder of ferries and offshore support vessels has obtained an investment worth NOK 300 million (USD 38.8 million), the shipbuilder said. The cash injection comes from a group of investors comprising the compatriot cruise, ferry and cargo operator Hurtigruten and its owners, Petter A. Stordalen and TDR, along with Åge Remøy and Magnus Roth’s […]

  • 7 September 2017

    UK-based oil and gas company EnQuest has further cut costs on its Kraken development in the UK sector of the North Sea by $100 million.  In its half year results on Thursday, EnQuest confirmed it had reduced Kraken’s full cycle gross project capex by a further c.$100 million, down to $2.4 billion, 25% down on […]

  • 25 August 2017
    Business & Finance

    The labour dispute at the Port of Gothenburg has led to a 22 percent drop in container volumes shipped during the first half of this year when compared to the corresponding figures from last year, the port authority said. The “unprecedented fall in the container volumes”, as the port described it, is said to be […]

  • 7 August 2017
    Business & Finance, Exploration & Production

    Norwegian offshore drilling contractor Borr Drilling, formerly known as Magni Drilling, has resolved to apply for a listing of its shares on the Oslo Stock Exchange (Oslo Børs) in the second half of August 2017.  In a statement on Friday, August 4 the driller said the target for the listing is to increase public awareness […]

  • 31 July 2017
    Business & Finance

    Borr Drilling, a recently established offshore drilling company, has appointed a new chief executive officer (CEO) of the company. The company said last Friday that it chose Simon Johnson as the new CEO. Johnson most recently served as a senior vice president of marketing & contracts at another offshore drilling company, Noble Corporation. Borr added […]

  • 11 July 2017

    Borr Drilling, a recently established offshore drilling company, has received a letter of commitment from Total for the use of one of its jack-up rigs in Nigeria. According to the driller, which recently bought Transocean’s entire jack-up rig fleet, the company has, together with its Nigerian partner Valiant Energy Services West Africa, received the commitment […]

  • 23 June 2017

    Kvaerner has completed and named riser platform (RP) jacket for the Johan Sverdrup development which will be ready for delivery in July. The RP jacket was given the name Aegir at a ceremony held at Kvaerner’s yard at Verdal, the company informed. The jacket is the first major structure for the Johan Sverdrup project to […]

  • 6 April 2017

    Classification society DNV GL has approved Norway-based Torgy LNG’s updated fuel tank design. The updated LNG Type A tank design has been granted a general approval for ship application (GASA) by DNV GL. The original design was the first LNG tank based on the IMO A atmospheric design to have been awarded a GASA certificate, DNV […]