Business & Finance
Hermitage sells entire fleet as part of Chapter 11 auction
Offshore support vessel provider Hermitage Offshore has selected successful bids for the company’s vessels according to the bankruptcy procedures under Chapter 11 protection.
PJ Valves to supply equipment for two FPSOs in Brazil
PJ Valves (PJV), a UK-based manufacturer and supplier of valves to the global energy industry, has been awarded two FPSO valve contracts for Petrobras projects in Brazil.
Maersk braces for $100 M restructuring charge over 2,000 job cuts as it lifts Q3 outlook
Danish shipowner Maersk expects to take a restructuring charge of around $ 100 million in the third quarter of 2020 related to the redundancies of around 2,000 employees. The redundancies are part of the internal reorganization announced last month, mostly affecting the major’s Ocean and Logistics &
COP sets up floating wind competence centre in Scotland
Copenhagen Offshore Partners (COP) has opened an office in Edinburgh, Scotland, which will serve as its global floating offshore wind competence centre. The Denmark-headquartered company said Edinburgh was the ideal place for it to launch the growth of its floating wind ambitions. According to Richa
Hygo names new CEO, cancels LNG deal with Hydro
Liquefied natural gas shipper Golar LNG said that Hygo Energy Transition has appointed Paul Hanrahan as CEO.
Damen fast crew supplier obtains ABS approval in principle
Damen’s fast crew supplier (FCS) 2710 has received approval in principle from the American Bureau of Shipping (ABS). To achieve approval, Damen has modified the design of its standard FCS 2710 to meet the U.S. requirements. It is now said to incorporate waterjets driven by engines that are compliant
Scottish cluster sets up floating wind group
Scotland’s DeepWind cluster has formed a new group dedicated to the floating offshore wind sector in Scotland and the UK. The subgroup has been set up to make sure Scotland’s energy supply chain companies benefit from new floating offshore wind projects in Scotland and the UK. Its aim is to develop
KfW IPEX-Bank finances Finnlines’ hybrid RoRo ship
Germany’s bank KfW IPEX-Bank and Finnish ferry operator Finnlines, part of Italy’s Grimaldi Group, have signed a €40 million (around $47 million) loan agreement to finance a hybrid roll-on/roll-off (RoRo) vessel.
Massachusetts to gauge its offshore wind supply chain
A comprehensive offshore wind supply chain assessment and gap analysis is set to be undertaken in Massachusetts in support of the growing offshore wind industry in and around the state. Xodus Group announced on 12 October that it will, together with BW Research Partnership and in coordination with G
Stena Drilling drillship wins work in the Mediterranean
Offshore drilling contractor Stena Drilling has won a new contract for its ultra-deepwater drillship Stena Forth in the Mediterranean Sea offshore Israel.
Petrofac CEO to retire after 30 years. Former Shell VP to take his place
Group chief executive of oilfield services provider Petrofac has decided to retire at the end of the year.
Høglund Marine acquires two-thirds stake in Vindskip
Norway-based marine technology provider Høglund Marine Solutions has taken a two-thirds stake in Vindskip AS, a company developing a wind and LNG-powered vessel concept.
Ocean Sun seeks stock exchange share listing
Norwegian floating solar specialist Ocean Sun has engaged the services of Fearnley Securities to execute a contemplated private placement of the company’s new ordinary shares.
Hibiscus Petroleum buys into 3D Oil license off Australia
Malaysia’s Hibiscus Petroleum has completed its 50 per cent acquisition of interest in the exploration permit VIC/P74 offshore Australia from 3D Oil.