Business & Finance
Enpro Subsea Aims High
Production optimisation specialist Enpro Subsea said it plans to double its global sales by 2021. The business, which has supplied more than 50 of its subsea Flow Access Modules (FAM) since the product was launched 2016, aims to increase sales by a further 100% over the next two years. Enpro said it
Global Wind Service on Deutsche Bucht Turbine Duty
Global Wind Service (GWS) is set to provide offshore installation technicians for the turbine installation at the Deutsche Bucht offshore wind farm in Germany. The Denmark-headquartered company will begin supporting MHI Vestas during the installation of 33 8.4MW turbines beginning from June. In addi
Ayia Napa Marina Construction Update VIDEO
Ayia Napa Marina has just released the latest construction progress update for this unique development project in Cyprus. The €86 million worth phase one of the Ayia Napa Marina development project was awarded to TERNA S.A., 100% subsidiary of GEK TERNA Group. The same company was also awarded a €16
Global Ship Lease Earnings Rise after Poseidon Merger
Global Ship Lease has doubled its earnings on the back of its combination with Poseidon in late 2018.
MacGregor Launches First Fibre-Rope Offshore Crane
MacGregor, part of Cargotec, has completed the construction of FibreTrac, the first fibre-rope offshore crane to enter the market. Designed to comply with DNV GL regulations, the FibreTrac crane has a 150-tonne safe working load (SWL) capacity and features an advanced rope monitoring and management
Drewry: Qatar’s LNG Ship Orders Could Push Newbuilding Prices Up
Qatar’s orders would have minimal impact on short-term charter rates, but could drive newbuilding prices up.
Norway Sets Aside USD 165.5 Mn for Teekay Offshore’s Tankers
Teekay Offshore is to receive USD 165.5 million from Norway for four new shuttle tankers being built at SHI.
Nexans Umbilical for Vigdis Subsea Boosting Station
Nexans has been selected to provide power umbilical for a new all-electric actuated multiphase subsea boosting station set to maximize oil recovery from the Equinor’s Vigdis field in the North Sea. Vigdis produces oil through the Snorre field, and OneSubsea, a Schlumberger company, has been awarded
Dry Cargo Market Collapse Affects Norden’s Earnings in Q1
Norden closed Q1 2019 with a net loss, impacted by a decline in the dry cargo market.
Kvaerner profit halved but market developing positively
Kvaerner more than halved its profit in the first quarter of 2019 compared to the prior-year period but the company is seeing positive developments in the market.
Optime Hyperbaric Chambers for NUI
NUI, the Bergen-based Norwegian independent hyperbaric research and test facility, has agreed to purchase two very large hyperbaric pressure chamber systems, with a working pressure of 700 bar and 1 000 bar from Optime Subsea. The hyperbaric chambers delivered by Optime Subsea comes with an inner di
Consultation Open for Lincolnshire Coastal Strategy
The Environment Agency (EA) is launching a consultation on Monday, June 3rd on its new draft strategy to manage coastal flood risk between Saltfleet and Gibraltar Point over the next 100 years. The EA’s existing flood management approach for the Lincolnshire area is to nourish beaches on an annual b
UK Sets CfD Round 3 Registration Date
UK energy department BEIS has recently published the final package of documents required to launch the upcoming third allocation round of its Contracts for Difference (CfD) renewables auctions. The application window will open on 29 May 2019 and close on 18 June 2019. BEIS plans to award the budget
Ørsted Taps Green Bonds for Hornsea Two Investments
Ørsted A/S plans to issue green senior bonds in the UK-market to finance its green growth ambition towards 2025 including the investments in 1,386MW Hornsea Two offshore wind farm. With the bond issuance, Ørsted targets a multi-tranche senior unsecured GBP-Sterling green bond, subject to market cond