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Companies building vessels on the U.S. Gulf are servicing a flock of domestic and overseas clients while their offshore oil and gas customers wait for Washington to issue more drilling permits and safety rules. Some of the region’s builders are busy making repairs. After a federal ban on deepwater drilling ended in October — three […]
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With demand for liquefied natural gas set to explode in the future, Japan will benefit greatly from securing LNG supplies from eastern Russi… [mappress] Source: downstreamtoday, July 13, 2010;
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Business & Finance, Business developments & projects, Market outlooks, Outlook & strategy
The latest survey on the UK’s Subsea sector has revealed an improved outlook for the industry with less anticipated redundancies, greater optimism and new geographical markets. Industry body, Subsea UK, surveyed its 300 members in early July and then again in late November 2020 to provide insight into how the supply chain was faring in […]
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Environment, Infrastructure, Outlook & strategy, Ports & Logistics, Regulation & policy, Transition
The Greater Victoria Harbour Authority (GVHA) Board of Directors has decided to move forward with the next stage of the shore power project for the Victoria Cruise Terminal at The Breakwater District, British Columbia, Canada.
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Business & Finance, Environment, Market outlooks, Research & Development, Rules & Regulation, Transition
With the first lockdowns in place in March 2020, the Internet and social media were buzzing with posts and images of empty cities, and in some cities, even wild animals were pictured roaming the streets as if nature was reclaiming the world from humanity. As governments across the globe shut down their plants and traffic […]
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Business & Finance, Equipment
Motive Offshore has acquired subsea equipment experts Flowline Specialists for an undisclosed figure. The deal, which was finalised last week, is the latest development in Motive’s growth trajectory, bringing its headcount to approximately 200 and bolstering existing capabilities in the UK, Norway and UAE, whilst further increasing its European footprint. Established in 2001, Flowline designs, […]
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Business & Finance, Human Capital, Technology
Acteon’s marine technology company Seatronics has appointed Derek Donaldson as its new Group managing director. Donaldson joined Seatronics in 2008 as vice president Asia Pacific, where he established Seatronics Pte as the regions key supplier. Following this success, Seatronics promoted him into the role of vice president – Global Operations. Most recently Donaldson moved into […]
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Business developments & projects, Innovation, Technology
Bombora Wave Power has been been crowned a winner at the inaugural Wales STEM Awards.
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Italian shipbuilder Fincantieri reported a 16% drop in revenues for the first nine months of 2020 reaching €3.53 billion, considerably impacted by the Covid-19 outbreak. The shipbuilder’s EBITDA stood at €200 million, down from €306 million reported in the same period in 2019, with an EBITDA margin of 5.7%, up from 5.0% first-semester margin (7.3% […]
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Business developments & projects, Equipment, Innovation, Research & Development, Technology, Transition
Subsea UK has joined forces with Scottish Enterprise to launch a programme of practical support and workshops to help underwater engineering companies secure funding for research and development and innovation. Funding from UKRI (UK Research and Innovation) is worth around £6 billion per year but in many cases, subsea companies are missing out on securing […]
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Business & Finance, Business developments & projects, Market outlooks
In the next five years, the offshore wind supply chain could create 4,500 new jobs in the North East England, with the turnover of the UK region’s supply chain companies to more than double in their offshore wind activities over the same period. This is according to the Supply Chain Mapping 2020 research project, managed […]
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Business & Finance, Business developments & projects, Exploration & Production, Regulation & policy, Rules & Regulation
UK oil and gas company Premier Oil has received creditor support for the proposed merger with Chrysaor announced in October.
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Our Offshore Energy 2020 event host, Eva Brouwer, had a quick sit down with Andries van Unen, CEO of Tocardo Tidal Power, and Britta Schaffmeister, CEO of Dutch Marine Energy Centre (DMEC), to discuss the latest in marine energy and the potential the sector holds for the future energy grid mix.
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Business & Finance, Business developments & projects, Technology
Fibre optic monitoring specialist Silixa has announced 2019 as a breakthrough year for the firm’s financial and strategic performance. Backed by Lime Rock Partners, Chevron Technology Ventures, and Equinor Ventures, the company’s global turnover grew by 96 per cent to £20.35 million. In the same period, profit margins also increased from 48 per cent to […]
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Authorities & Government, Business developments & projects, Infrastructure, Ports & Logistics
On 1 October 2020, Saudi Global Ports Company (SGP), one of PSA International’s subsidiaries, assumed the management of both first and second container terminals at King Abdulaziz Port Dammam (KAPD).
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Business & Finance, Certification & Classification, Transition
Lloyd’s Register Group (LR) has entered into a deal to sell its energy business unit to Inspirit Capital, a London-based investment firm. LR said the agreement follows a comprehensive review of LR’s business portfolio and strategic direction. As disclosed, the deal will create a new engineering and technical consultancy offering specialist asset performance, risk management […]
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Business & Finance, Business developments & projects, Exploration & Production
Premier Oil has reached an agreement with Harbour’s UK operating company Chrysaor regarding a proposed all-share merger between Premier and Chrysaor.
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Business & Finance, Outlook & strategy, Vision
SMEs operating in the UK’s £7.8-billion subsea supply chain are cautiously optimistic about the next six to twelve months, according to the findings published today by the industry body Subsea UK. Subsea UK recently surveyed its smaller member companies to find out how they were dealing with the fall-out from COVID-19. Almost 75 per cent […]
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Business & Finance, Business developments & projects
London Stock Exchange-listed Predator Oil & Gas continues to work on the development of an offshore LNG import project for Ireland, the company said in their latest financial disclosure. “We have made excellent progress with regulatory authorities, gas infrastructure owners, gas buyers and a provider of a Floating Regasification and Storage Unit vessel (FRSU) to […]
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Business & Finance, Business developments & projects, Environment, Exploration & Production, Market outlooks, Outlook & strategy, Transition
Following its third price collapse in 12 years, the oil and gas industry might be facing a period of transformation. The industry managed to recover from the previous two downturns and continue with business as usual, but this time it seems the recovery might look a bit different from the ones before.
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Business & Finance, Business developments & projects
Anglo-Dutch energy giant Shell has signed a supply deal with Hungary to supply the nation with LNG via the upcoming Croatian Krk import terminal. Under the deal, Hungary will buy 250 million cubic metres of gas equivalent per annum for a period of six years, Foreign Affairs Minister Peter Szijjarto said during a press conference […]
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Business & Finance, Business developments & projects, Infrastructure, Ports & Logistics
Dubai-based port and terminal operator DP World and Canada’s insitutional investor Caisse de dépôt et placement du Québec (CDPQ) have announced the expansion of their ports and terminals investment platform through a new commitment of $4.5 billion.
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Business & Finance, Business developments & projects
Subsea protection specialist Tekmar has recently secured a number of contracts with an aggregate value of over £6 million due for delivery in 2021 financial year. During August, Tekmar Energy and Pipeshield International won multiple contracts to supply subsea asset protection and stabilisation technologies to energy companies and tier one contractors for a major offshore […]
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Business developments & projects, Project & Tenders
LNG Terminal Wilhelmshaven (LTeW) has invited market participants to express binding interest in terminal capacities.
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Business developments & projects, Infrastructure, Market outlooks, Outlook & strategy, Vessels
Greek shipowner Performance Shipping has become a pure play Aframax company as it disposed of the final containership in its fleet.
