Business & Finance
Ørsted Wind Farms Deliver in Q1
Ørsted has reported DKK 3.6 billion operating profit (EBITDA) from its offshore wind farms in operation in the first quarter of 2019, a year-on-year increase of 13% mainly driven by a ramp-up in generation from the Borkum Riffgrund 2 and the Walney Extension wind farms. Power generation from offshor
Allseas, Kvaerner win Statfjord A platform removal job
Statfjord A does a full circle. Built at Stord, demolished at Stord.
Job Opening at DMEC
Dutch Marine Energy Centre (DMEC) is reinforcing its team with a medior/senior marketing & communications professional who will be responsible for a suite of activities spread across three main domains. Successful candidate will work closely with DMEC operational office manager to realise successful
Subsea 7 Stays in Red
Engineering and construction specialist Subsea 7 has seen recognised loss in the quarter ended March 31, 2019 on activity drop in renewables and heavy lift business units, forex expenses and tax charge against prior-year comparable period. The Oslo-listed firm posted quarterly loss of $19 million, o
Wintershall Norge selects Oceaneering to support West Mira rig in Norway
Oceaneering International has recently secured a drilling and completion support contract for integrated services with Wintershall Norge.
Ocean Yield, Aker Energy Extended FPSO Dhirubhai-1 Charter Option
Ocean Yield and Aker Energy extended the option for long-term charter for the FPSO Dhirubhai-1 by 30 days.
Maersk Supply Service Names New Chairman
Maersk Supply Service (MSS) has appointed Henriette Thygesen as a new chairman of the board of directors, effective June 01, 2019. Current chairman of Maersk Supply Service and vice CEO of A.P. Moller – Maersk Claus V. Hemmingsen will leave A.P. Moller – Maersk end June having concluded on the separ
Interview: DredgePumps Opts for Alia Density Meter
DredgePumps designs, engineers and constructs dredgers worldwide. This Dutch based company specializes in stationary electrically powered deep suction dredgers, cutter suction dredgers and booster stations for applications such as mining, dredging of reservoirs as well as maintenance of small ports.
Spirit Energy picks Craig International for procurement services in UK
Craig International has secured a contract with Spirit Energy, which is potentially worth £21 million ($27.4m) over seven years.
ZTT Delivers 500kV AC Subsea Cable Project
Recently, ZTT Submarine Cable (ZTTSC) completed the factory test and delivery of 500kV AC submarine cable for the second-circuit transmission line project for Zhejiang Zhoushan Networking North Passage. The leaders and experts from Zhejiang Electric Power affiliated to State Grid, China Electric Pow
WFS Technologies Tackles Subsea Challenges
Subsea Internet of Things (SIoT) specialists, WFS Technologies has developed new way to enhance operational effectiveness, while reducing risk and preventing interruption to pipeline production. The patented Seatooth PipeLogger is an integrated pipeline, umbilical, risers and flowlines temperature m
Belships Adding Secondhand Supramax to Its Fleet
Belships reached a deal to acquire a 55,866 dwt bulk carrier from Prospero Marine for USD 12 million.
GasLog Partners Expects LNG Spot Market Stabilization
GasLog Partners: Spot market is set to strengthen in 2019 amid expected increase in new LNG supply.
UK Hydrographic Office Opens New HQ
New home of UK Hydrographic Office was officially opened by the Princess Royal on Monday. For nearly 80 years UKHO has been based in Taunton, but the site and buildings it originally occupied were deemed unfit for 21st-Century hydrographic and geospatial information service, especially as it switche