Business & Finance
Reygar and CrewSmart team up for HST CTVs
Reygar and CrewSmart are collaborating to provide an integrated system for High Speed Transfers’ (HST) crew transfer vessels (CTVs). According to HST COO Christopher Monan, HST has commissioned an integrated system to deliver complete oversight over its fleet and personnel compliance, as well as to
McDermott makes use of Ampelmann system in India
Ampelmann has signed a contract with offshore engineering and construction company McDermott for the provision of an Ampelmann system in India.
Two new appointments for OTAQ
Underwater tech company OTAQ has appointed two key figures as it eyes to grow turnover to £50 million by 2025. Chris Hyde steps into the role of chief technical officer having filled the position of chief commercial officer since 2015. Furthermore, Maurice Coull has joined the marine technology comp
GTT scores tank order for LNG carrier sextet
France’s GTT continues to win new orders and has secured a contract from two Korean shipyards for the tank design of six LNG carriers. The LNG containment specialist said Hyundai Heavy and Hyundai Samho are building the vessels on behalf of European and Asian shipowners. Furthermore, each vessel wil
Motive Offshore hails renewables boost
Subsea equipment specialist Motive Offshore has reported a successful first half of the year, despite the effects of the global pandemic. In addition to completion of pre-COVID project awards, the company has won a number of contracts during the past five months. These awards should set to see the B
J&S Subsea seals management buyout
The Aberdeen-based subsea controls engineering division of SEA, a subsidiary of technology group Cohort, has undergone a management buyout as it looks to grow its core business in the North Sea. Since the divestment completed, the company has reverted to a new version of its original trading name, J
CMA CGM boosts profitability despite volume slowdown
During the second quarter of this year, French container shipping major CMA CGM improved profitability in all its business activities despite challenges related to COVID-19.
OFG buys CSEM capability from PGS
PGS and Ocean Floor Geophysics (OFG) have signed an agreement under which OFG has acquired the exclusive rights to use the hardware, software and intellectual property associated with the PGS towed streamer CSEM system. Oslo-listed PGS receives shares in Canada-based OFG as settlement for the transa
TMC to deliver compressor systems to Yinson’s Anna Nery FPSO
Malaysian FPSO provider Yinson has contracted TMC Compressors to deliver a marine compressed air system to FPSO Anna Nery bound for the Marlim 2 oil field in the Campos Basin offshore Brazil.
Total relinquishes operatorship of five blocks off Brazil
French oil major Total has opted to resign from its role of operator for five exploration blocks, located in the Foz do Amazonas Basin offshore Brazil.
MMA Offshore scores AHT duo charter extension with Woodside
Australian offshore support vessel company MMA Offshore has secured vessel charter extensions with compatriot Woodside Energy.
Midgley resigns as Mermaid COO
Subsea and drilling services player Mermaid said that Mark Midgley has resigned from his position of chief operating officer. Midgley became COO of Mermaid in January 2018. In his most recent role, he was responsible for managing and overseeing the subsea services business of the company in South Ea
Borr Drilling hit with fresh NYSE listing warning
Offshore drilling contractor Borr Drilling has received its second continued listing standard warning from the New York Stock Exchange (NYSE) in a span of three months.
Shell to supply Hungary with LNG via Croatian FSRU
Anglo-Dutch energy giant Shell has signed a supply deal with Hungary to supply the nation with LNG via the upcoming Croatian Krk import terminal. Under the deal, Hungary will buy 250 million cubic metres of gas equivalent per annum for a period of six years, Foreign Affairs Minister Peter Szijjarto