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  • 16 June 2014
    Business & Finance, Equipment

    OceanWorks International has completed the next generation Quantum II ADS 1200 including Pilot and Technician Training for Oceanos’ personnel. This system provides Oceanos with the latest generation Atmospheric Diving System (ADS) and the certification of an additional 3 pilots, 5 pilot/supervisors, and 3 technicians. The field proven ADS 1200 HARDSUIT™ (manufactured and operated by OceanWorks) is […]

  • 13 October 2017

    Operators are reporting less and less evacuated platforms in the Gulf of Mexico as Storm Nate now a thing of the past, but a quarter of daily oil production is still shut-in. According to Thursday’s report by the Bureau of Safety and Environmental Enforcement (BSEE), personnel remain evacuated from a total of 20 production platforms, […]

  • 6 October 2017
    Business & Finance

    Schedule reliability for deep-sea carriers has positively impacted their financial results, according to a statistical analysis conducted by SeaIntel Maritime Analysis. SeaIntel tested the hypothesis on whether the relative profitability of a carrier is independent of their reliability relative to their competitors. The correlation coefficient between relative profitability and reliability across 14 quarters was calculated for all […]

  • 16 March 2012

    EnQuest PLC (‘EnQuest’) today announces that it has completed the acquisition of 25% of the in the UK North Sea blocks 9/2b and 9/2c, including the Kraken discovery, from Nautical Petroleum plc. This agreement and the associated details of the transaction were announced on 24 January 2012 when Enquest reported it would will pay Nautical […]

  • 25 January 2008

    General Electric plans to dredge about one-third less of the PCB-tainted soil in the Hudson River than previously planned, according to a decision announced at a citizens’ advisory group meeting Thursday. Instead, GE will focus on a hotspot near Troy and expects to remove more of the contaminant as a result.

  • 9 June 2006

    The weather has thrown challenge after challenge at the race navigators. The results of the last leg showed how variable wind conditions can work in mysterious ways to effect ones finishing position. Now, as the crews change hats from ocean to inshore racer, the weather looks to be no less challenging. The pattern for Sunday

  • 18 September 2017
    Business & Finance

    Finnish technology group Wärtsilä is introducing a new portfolio of tug designs, to be known as the Wärtsilä HYTug series, with the emphasis on environmental sustainability. Since they typically operate in or close to harbours and populated areas, tugs are particularly affected by environmental considerations, and the need for regulatory compliance is an increasing concern […]

  • 10 July 2012

    Croatian-based shipbuilder BRODOSPLIT today delivered the bulk carrier MV Solin. On behalf of the owner the delivery documentation was signed by Mr. Branimir Kovačić, CEO of Jadroplov, and on behalf of shipyard by Mr. Neven Jug, Manager of commercial division. The dimensions of the bulk carrier carrying the name MV „Solin“ – 189,90 m length, […]

  • 7 April 2011

    The abolition of liner shipping conferences has brought more volatility as there is less market intelligence available for carriers to make decisions on rates, claimed Nicolas Sartini, Senior VP of CMA CGM. He was speaking at the Containerisation International 13th Annual Global Liner Shipping conference in London this week.

  • 17 November 2009

    IMS Dredges, a Division of Liquid Waste Technology in the US, says it has exceeded all past sales records with a little less than two months to go in 2009. Jim Horton, IMS President said: “For the past six years we have been intensely focused on growing the IMS Dredges brand globally.

  • 23 May 2007

    BRUSSELS, Belgium—The European Commission is taking steps to make the dismantling of ships safer and less damaging to the environment. In a consultation paper published May 22, the commission does not present a completed plan but suggests actions to be taken in the European Union until the process now underway to develop an international convention […]

  • 10 May 2016
    Business & Finance

    Almost without exception, European markets slipped down EY’s Renewable energy country attractiveness index (RECAI) rankings while less mature markets across Latin America, Africa and Asia continued their ascent, according to the latest edition of the report.

  • 17 June 2019
    Rules & Regulation

    International ships flying ROK or Chinese flags set to benefit.

  • 11 January 2012
    Business & Finance

      The Gjøa gas export riser replacement project has completed its activities within less than 10 months, reported the field operator GDF Suez. The Gjøa facility is now producing according to current reservoir production potential. “The execution of the project went very well, thanks to careful planning and strict coordination, plus the ability of so […]

  • 11 June 2007

    Lévis, June 12, 2007—Davie Québec is delighted to announce that Cecon ASA (pronounced “seacon”) of Norway has confirmed its intention to exercise a shipbuilding option worth US $145.3 million, providing the Lévis shipyard with another major contract—its third in less than four months.

  • 2 July 2009

    Maersk Line New Zealand Country Manager Julian Bevis said that the chance of containerships bigger than the current-largest of 4,100TEU coming to ports in New Zealand in the short term was relatively small. “I don’t want to sound like a killjoy but I think it is less likely in the immediate term,” he said.

  • 10 May 2005

    The day dawned brightly for the Angostura Tobago Regatta yesterday. After a night of thundershowers and lightning, the fleet were welcomed by perfect racing conditions with winds gusting at 15-20 knots, and the blazing sunshine was dappled by cloud cover. Personally, having spent the night at the Hilton Tobago, in surroundings no less then enchanting, […]

  • 3 August 2020
    Business & Finance, Business developments & projects, Operations & Maintenance

    Ocean bottom node seismic player Axxis Geo Solutions (AGS) said on Monday that it will reduce operations due to significant uncertainty in the market as a result of the COVID-19 crisis. According to the Oslo-listed AGS, this should take place following its current surveys in the North Sea and Egypt. The company will enact a […]

  • 3 May 2016
    Business & Finance

    The current container market downturn is forcing some independent shipowners to either reduce charter rates to help save ailing carriers or opt for idling, selling or scrapping their vessels, according to shipping consultancy Drewry. Much of the focus on the recent slump in the container shipping market has been on the bottom lines of the operators moving cargo on […]

  • 18 October 2016

    Oil prices rose early on Tuesday as some analysts said markets might not be quite as oversupplied as suggested by many, with global inventories rising less than expected ahead of the high-demand winter heating season in the northern hemisphere.

  • 27 November 2018
    Business & Finance

    Australia’s Santos has announced it has completed the acquisition of its compatriot rival Quadrant Energy, paying $1.93 billion, comprising the purchase price of US$2.15 billion less completion adjustments and cash acquired.

  • 11 July 2014

    Chevron reported in its interim update that earnings for the second quarter 2014 are expected to be higher than first quarter 2014 as a result of gains on asset sales and an absence of impairments in the prior quarter. Foreign exchange losses in the second quarter are expected to be higher than first quarter losses, […]