Business & Finance
EdgeTech’s side-scan sonar and sub-bottom profiler to debut in Asia Pacific
Subsea Technology & Rentals (STR) has taken delivery of two EdgeTech 2050-DSS tri-frequency side-scan sonar and sub-bottom profiler systems at its Perth facility in Australia. The systems are currently being prepared for their debut in the Asia Pacific, STR said. “Our continuous investment, and stro
Transmission charges a threat to UK green energy industry – Report
Britain’s energy regulators are putting billions of pounds of green infrastructure investment at risk by overseeing an energy market which favours EU energy imports at the expense of home-grown schemes, new research has shown. Electricity generators in the UK pay transmission charges for the cost of
UK Energy Minister: Underwater industry ‘hugely important asset’ for UK
The underwater industry is a hugely important asset for the UK, creating highly skilled jobs, driving economic growth and helping to level up across the country, UK Energy Minister Anne-Marie Trevelyan said at a recent Subsea UK event.
Shell hires Floatel unit for Malampaya job
Offshore accommodation rig provider Floatel International has been awarded a new contract by Shell in the Philippines.
AAPG, Society of Petroleum Engineers mulling merger
The American Association of Petroleum Geologists (AAPG) and the Society of Petroleum Engineers (SPE) have announced that the two associations were in the process of exploring a potential merger.
ADNOC dishes out $744 million deal for Belbazem field development
The Abu Dhabi National Oil Company (ADNOC) has awarded a $744 million contract for the full field development of the Belbazem Offshore Block,
NAT: Euforia around post-pandemic recovery good for tankers
The tanker market is set to benefit from the recovery of the global economy and trade as more oil is expected to enter the market in the coming months. Easing of oil production restrictions by OPEC and depletion of world oil inventories are set to boost demand for tankers as more barrels are added t
Hendrik Veder backs Saipem at Baltic Pipe project
Hendrik Veder Group has won a contract to help Saipem refurbish its lifting equipment and reuse it during work at the Baltic Pipe project. The 275-kilometre gas pipeline will be laid on the seabed, traversing the maritime zones of Denmark, Poland and Sweden, and will require around 23,000 segments o
Wintermar vessels to support FPSO off Indonesia
Wintermar has been awarded a five-year contract to provide two OSVs for a multinational oil and gas company in Indonesia.
McAsphalt orders dual-fuel bitumen tanker at Wuhu Shipyard
At the end of April 2021, Canada’s largest bitumen industry dealer McAsphalt and China’s Wuhu Shipyard signed a contract for one plus one 12,000DWT/11,700m³ bitumen designed by FKAB Marine Design.
Keppel’s digital asset lifecycle solution gets DNV nod
DNV has awarded an Approval in Principle to Keppel O&M for its suite of digital services to support an asset’s lifecycle needs.
Shearwater GeoServices joins Norway’s Centre for Geophysical Forecasting
Shearwater GeoServices has joined, as partner, the Centre for Geophysical Forecasting (CGF) at the Norwegian University of Science and Technology (NTNU).
Bristow names retired U.S. Air Force general to its board
Offshore helicopter operator Bristow Group has hired a retired U.S. Air Force general to its board of directors, effective 23 May 2021.
Seaspan completes largest US private placement in shipping
Containership owner and operator Seaspan Corporation, part of Atlas Corp., has entered into a note purchase agreement to issue, in a private placement, $500 million principal amount of fixed rate, sustainability-linked senior secured notes.