Business & Finance
WES Boosts Advanced Control Systems Development for Wave Devices
Wave Energy Scotland (WES) is awarding almost £1m to fund the development of Advanced Control Systems technology for wave energy devices. The technology aims to reduce the cost of generating electricity from wave energy devices by increasing the amount of energy they can capture. The two projects se
Maersk Drilling expects higher utilization and day rates in longer term
While Maersk Drilling’s 1Q 2019 result was impacted by lower day rates and expiry of legacy contracts, the driller expects improved market fundamentals with increased utilization and higher day rates in the longer term.
Trio Forms New Decom Player
Heerema Marine Contractors, Decom Energy and AF Offshore Decom, have jointly launched a new company – Fairfield Decom. Fairfield Decom was established as a late-life operations and decommissioning operator, providing solutions for aging offshore oil and gas assets, primarily in the UK Continental Sh
Nova Gets New €5 Mln Tidal Energy Project
Nova Innovation-led consortium has won a new European project, ELEMENT, that will use Artificial Intelligence to improve tidal turbine performance and accelerate commercialization of tidal energy. The ELEMENT project will incorporate Artificial Intelligence technology from wind energy into tidal tur
Svitzer Divesting Portuguese Business Amid Declining Volumes
Svitzer’s operation in Portugal covers three ports.
DFDS Offloads RoRo Vessel
DFDS decides to sell Anglia Seaways to Attica Group.
Wavec Seeks Econ Expert
WavEC is looking for a professional with a background in economics or previous experience in economics and financial analysis in business or research context. The successful candidate will be engaged in research projects and consulting services addressing economic and financial aspects of marine ren
Vattenfall and GE to Form Haliade-X 12MW Alliance
Vattenfall and GE Renewable Energy plan to join forces in the deployment of GE’s new wind turbine, the Haliade-X 12 MW, in Europe. With a capacity of 12MW, the Haliade-X is the largest offshore wind turbine on the market to date. Development and production of the new 12MW turbine will mostly take pl
Three firms combine to create new decommissioning player in Aberdeen
AF Gruppen’s subsidiary AF Offshore Decom is joining forces with offshore decommissioning players Heerema Marine Contractors and Decom Energy, to launch a new company: Fairfield Decom.
Maersk Drilling keeping its rig fleet busy as more work comes in
Danish offshore drilling contractor Maersk Drilling is keeping its drilling rig fleet busy as new contracts and extensions pour in for the driller. In its fleet status report published on Thursday Maersk Drilling said that several new contracts and extensions were signed during the first quarter of
EMGS in another Barents Sea survey
EMGS has entered into an agreement for a fully pre-funded multi-client 3D CSEM survey in the Norwegian Barents Sea.
Premier Oil ups 2019 production guidance
Premier Oil is lifting its production guidance for the year as the current levels of oil and gas output are ahead of forecast.
Maersk Eyes Logistics Growth with Further Integration
Maersk is to integrate APM Terminals Inland Services into Maersk Logistics & Services from August 1, 2019.
Sumitomo Electric Delivers Two HVDC Interconnector Projects
Sumitomo Electric Industries has completed two high-voltage direct current (HVDC) interconnector cable projects using crosslinked polyethylene (XLPE) insulated cables. The first project was the construction of a 400-kV HVDC XLPE cable system, the highest voltage in the world for an HVDC-XLPE cable s