Search results for: facilities

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A list of search results

  • 28 September 2017
    Business & Finance

    Wilhelmsen Maritime Services AS, part of Norwegian Wilhelmsen Group, has entered into a new 5-year credit facility of USD 640 million.  As disclosed, the loan is being secured in the form of a “club deal” and it would be used to replace existing facilities. The Oslo-listed company informed of the new credit facility on Wednesday, […]

  • 15 April 2015

    Yemen LNG, the operator of the country’s only export plant located in Balhaf, said it has stopped all production of the chilled gas as fighting approaches the facility.

  • 15 April 2015

    Yemen LNG, the operator of the country’s only export plant located in Balhaf, said it has stopped all production of the chilled gas as fighting approaches the facility.

  • 16 March 2020
    Authorities & Government, Business & Finance, Storage

    The European Commission has released EUR 980 million of funding for key European energy infrastructure projects with major cross-border benefits. The EU funding comes from the Connecting Europe Facility (CEF), the European support programme for trans-European infrastructure. This is seen as a crucial instrument to deliver on the Green Deal, one of the political priorities […]

  • 10 May 2018
    Operations & Maintenance

    Seabased, a Swedish/Norwegian company that builds and installs wave energy parks, plans to establish production facilities in Brevik. The Brevik facility will build and test Wave Energy Converters (WECs) that will be part of several upcoming projects, including a 100 MW installment off the coast of Ada, in Ghana. Seabased has also agreed to provide wave […]

  • 10 June 2016
    Business & Finance

    US shipowner International Shipholding Corporation (ISH) has reached an agreement with its lenders under which the latter would forebear from exercising any rights or remedies before July 1, 2016 with respect to various defaults under the company’s credit facility. The company said the forbearance wold automatically terminate before July 1, 2016 if various events occur, including if other […]

  • 17 March 2020
    Business & Finance, Research & Development

    Express Engineering has started construction work on a new engineering assembly and test centre in Gateshead. The £3.5m investment in a 48,000 sq. ft purpose-built centre will enable Express Engineering, a provider of manufacturing, assembly and testing solutions for the subsea oil and gas industry, to help support expansion into new global markets. When the […]

  • 11 June 2019
    Research & Development

    Baker Hughes, a GE company, has inaugurated its multimodal facility (MMF) for oil and gas in Luanda, Angola. The facility, with its additional capabilities across multiple product lines, will deliver a suite of products and services across the oil and gas value chain. It will serve as a hub to support customers and projects in […]

  • 24 May 2017
    Equipment

    STATS Group has invested more than £3 million in developing a range of hot tapping machines, expanding their fleet of pipeline intervention service equipment, and opening a new 15,000 sq ft workshop and office facility. The SureTap range of hot tapping machines have been designed and built at the company’s new intervention facility to the […]

  • 26 September 2016
    Business & Finance

    The U.S. Army Corps of Engineers, Buffalo District, recently completed repairs to a confined disposal facility (CDF) at the Buffalo Outer Harbor, Buffalo, NY. Since 1970, four CDFs were built in the City of Buffalo. Only one remains active, Buffalo CDF 4, which is used primarily to store contaminated sediment which could not be otherwise […]

  • 7 November 2017
    Business & Finance

    Russian transportation and logistics firm Far-Eastern Shipping Company (FESCO) has inked a USD 680 million debt financing deal with VTB Bank. FESCO plans to use the credit facility to repay and/or settle a significant portion of its existing financial liabilities. PJSC Commercial Port of Vladivostok, a member of the group, will act as the borrower under […]

  • 28 December 2017
    Business & Finance

    DryShips has received commitments for credit facilities of up to an aggregate of USD 125 million.

  • 19 September 2019
    Business & Finance, Ports & Logistics

    Lamprell is set to make incremental investments in equipment and operational set-up at its Hamriyah facility in the United Arab Emirates (UAE) due to a growing number of planned offshore wind projects. According to Lamprell, the decision comes as a number of significant offshore wind projects are expected to be sanctioned over the coming 5-10 years. […]

  • 7 March 2019

    MacArtney has established a workshop facilities at its headquarters in Denmark. MacArtney HQ recently repurposed the old salmon smoking facility in Hjerting to accommodate the new 2500 sqm facility that incorporates new workshop space for electronics, fibre optics, cabling and mechanics. The effective use of space has allowed for the extension of the moulding room, […]

  • 7 November 2018
    Equipment, Project & Tenders

    Ashtead Technology has signed a global master lease agreement with Oceaneering International to offer Oceaneering’s range of ROV tools and systems for rental from its facilities in Aberdeen, Abu Dhabi, Houston and Singapore.  Allan Pirie, chief executive of Ashtead, said: “This global master lease agreement compliments Ashtead’s range of subsea tooling and now provides our customers […]

  • 29 August 2018
    Business & Finance, Equipment, Operations & Maintenance, Research & Development

    Tyne Subsea, a multi-million pound research and testing facility being developed in the North East, UK, has completed its first commercial test in one of Europe’s largest commercially available hyperbaric pressure testing chambers. The facility, which is being developed by engineering group British Engines and Newcastle University, will offer pressure testing services in an integrated […]

  • 7 August 2018

    Qatargas Operating Company Limited (Qatargas) took over control of a new water recycling facility at the LR2 facility to eliminate the discharge of treated industrial water to Sea at Ras Laffan.  

  • 28 November 2019
    Operations & Maintenance

    Huisman has opened its facilities for submarine production in The Netherlands. For the approaching Dutch Walrus-class submarine replacement project Huisman is directing its capabilities and parts of its Dutch facilities towards the naval building cluster. With this portfolio-extension, Huisman aims to carry out detailed engineering and production of elements and parts of submarines such as […]

  • 11 October 2019
    Equipment, Operations & Maintenance, Project & Tenders

    Kongsberg Digital has signed an agreement with Norske Shell to digitalize the Nyhamna facility, a gas processing and export hub for Ormen Lange and other fields connected to the Polarled pipeline. Norske Shell is entering the partnership as operator of Ormen Lange and on behalf of Gassco as the operator of Nyhamna. The value of […]

  • 19 September 2019
    Business & Finance, Ports & Logistics

    Lamprell is set to make incremental investments in equipment and operational set-up at its Hamriyah facility in the United Arab Emirates (UAE) due to a growing number of planned offshore wind projects. According to Lamprell, the decision comes as a number of significant offshore wind projects are expected to be sanctioned over the coming 5-10 years. […]

  • 20 March 2019
    Business & Finance, Equipment, Research & Development

    Interventek has committed investment in the region of £750,000 to support business growth in 2019 and beyond, with the addition of six staff and a new technology development and test centre. The investment follows recent business wins for the supply of Interventek’s Revolution shear and seal safety valve to support well intervention projects in the […]

  • 30 April 2014

    LORC will present its test facilities to participants at the conference ‘Test & Verification for subcontractors in the Wind Turbine Generator Industry’ Ricardo from the United Kingdom and LORC will both present test programs and RCA Engineering will talk about fatigue and accelerated testing of structural components. The conference is aimed at engineers and industry […]