Business & Finance
GCE Becomes Member of Norwegian Forum for Marine Minerals
Norwegian industry initiative GCE Ocean Technology (GCE Subsea) has become a member of the Norwegian Forum for Marine Minerals (NMM). The membership, among other things, should enable GCE to contribute to strengthening the Norwegian environment’s international contacts and influence in the field of
Repsol 1Q 2019 income flat despite lower oil prices
Spanish oil firm Repsol posted a net income for the first quarter of the year of 608 million euros, almost even compared to last year’s 1Q income of 610 million euros.
Exmar Signs Shipbuilding Deals for Two LPG Carriers in China
Exmar has ordered two LPG carriers in China for long-term commitments towards Equinor.
Polarcus Slips into the Red Despite Strong Q1 Revenue Gains
Seismic player Polarcus has booked quarterly loss when compared to first-quarter 2018, despite major revenue boost of some 145 percent in Q1 2019. The Oslo-listed company reported net loss for the quarter ended March 31, 2019 of $5.3 million, versus profit of $2.8 million in Q1 2018. The Q1 2018 res
Aker Solutions books higher profit, expects increase in energy demand
Norwegian oilfield services provider Aker Solutions recorded an increase in its quarterly profit and revenues driven by high activity levels. Looking ahead, Aker Solutions expects an increase in energy demand. Aker Solutions recorded an increase in its first quarter 2019 net income which totaled NOK
MHI Vestas Breezes Through Norther
MHI Vestas has completed turbine installation at the Norther offshore wind farm in Belgium in record time. “The MHI Vestas installation team, together with our partners, has completed installation at Norther in record time,” said MHI Vestas Chief Operations Officer, Flemming Ougaard. “Not only did w
IADC Young Author Award 2019 for Ms Cao Lei
The International Association of Dredging Companies (IADC) bestowed the Young Author Award 2019 to Ms Cao Lei, Engineer at the CCCC National Engineering Research Center of Dredging Technology and Equipment in Shanghai, China, last week. IADC’s Young Author Award is given annually to ‘stimulate the p
Aker Solutions Sees Profit Boost in Q1
Aker Solutions has seen its profit go up in the first-quarter 2019 at NOK 149 million, or NOK 0.54 per share, versus net income of NOK 105 million, or NOK 0.38 same time last year. Excluding special items, Q1 2019 EPS was NOK 0.57. Sequentially, basic EPS was down NOK 0.04. The Norwegian services co
BP profit dips on lower prices. Production up
British oil major BP posted a slight dip in the first quarter underlying replacement cost (RC) profit, citing the weaker oil price and margin environment at the start of the quarter.
Woodside hires two Diamond drillships for Senegal operations
Offshore drilling contractor Diamond Offshore has been awarded drilling contracts for two of its 2014-built drillships with Woodside in Senegal.
Flex LNG Enters Sale-Charterback Deal for LNG Carrier Duo
The vessels in question are the Flex Endeavour and Flex Enterprise.
Port of Blyth Maintenance Dredging Kicks Off
A Port of Blyth maintenance dredging program is set to begin this week, the port said in their latest release. According to the official announcement, this dredging campaign, scheduled to last for a period of approximately 7 days, will be undertaken at the port approaches, main navigational channel
James Fisher Subsea Excavation Boosts Its Team
James Fisher Subsea Excavation (JFSE) has boosted its team by a number of key appointments and promotions. The strategic appointments ensure that the team is best placed to anticipate and respond to client demands, the company said. Andrew Simpson has been appointed to the role of commercial and pro
Subsea Innovation Makes Pipeline Repair Clamps Delivery
Subsea Innovation, part of Tekmar, has designed, manufactured, tested and delivered two diver-installed 10-inch pipeline repair clamps to an undisclosed client. The clamps were designed in accordance with Subsea Innovation’s recently-acquired DNV GL Type Approval for temporary and permanent structur