Business & Finance
OSIL marks global export milestone
UK-based manufacturer of marine monitoring systems Ocean Scientific International Ltd (OSIL) have achieved an export milestone for global sales. Now exporting to over 100 countries, OSIL’s global customer base is ever expanding despite a challenging climate. The latest export country was Georgia wit
Sempra: Cameron LNG train 3 reaches substantial completion
San Diego-based energy company and LNG operator Sempra Energy said the Cameron LNG project’s third liquefaction train has reached substantial completion.
Aker Offshore Wind sets sights on deep-water projects
Aker Solutions’ offshore wind spin-off, Aker Offshore Wind, will initially focus on deep-water fixed-bottom and floating wind projects in four different markets: South Korea, the USA, Scotland, and Norway. ScotWind According to a company presentation, Aker Offshore Wind has entered into an agreement
Royal IHC to provide mooring and equipment for Anna Nery FPSO
Malaysian FPSO provider Yinson has awarded Royal IHC a contract for the supply of a tandem mooring and offloading system and a riser pull-in system.
Inpex hit by $1.3 bln Australian LNG assets impairment
Japan’s oil and gas giant Inpex has flagged a 139.7 billion yen ($1.33 billion) impairment loss on its Australian LNG assets.
Atlantis sees losses widen; Looks to raise £6 million
Simec Atlantis Energy has booked losses and a reduced consolidated cash position for the period ended 31 December 2019. Overall Group losses for the year 2019 were £35.4 million, versus loss of £24.1 million in 2018. The increase is primarily attributable to a £16.1 million non-cash disposal of seab
EIB approves financing for Borssele 1&2 offshore wind farm
The European Investment Bank (EIB) has approved a €500 million financing for the Borssele 1 & 2 offshore wind project in the Netherlands. At the beginning of the year, Ørsted applied for a loan with the EIB which will finance the construction and the operation of the 752 MW wind farm. The estimated
ThayerMahan snaps up OASIS
Groton-based tech firm ThayerMahan has acquired Ocean Acoustical Services and Instrumentation Systems (OASIS). Founded in 2016, ThayerMahan has grown into one of industry leaders in autonomous marine sensor/system solutions. Led by its visionary founder, Michael J. Connor, ThayerMahan has developed
Pacific Basin CEO: We won’t be investing in any more scrubbers
Hong Kong-based dry bulk shipping company Pacific Basin has ruled out further investments in the installation of scrubbers on its ships despite reporting enviable net savings from the technology worth $23.1 million, representing 38% of its original investment. The company decided to fit scrubbers on
Delek offers $2.25B in bonds to finance Leviathan development
Israel’s Delek Drilling has revealed it would issue bonds in an aggregate amount of $2.25 billion to finance the Leviathan development.
GasLog tightens Q2 loss
Greece-based LNG shipping company GasLog tightened its losses in the second quarter of the year.
US: Offshore wind could bring $ 166 billion in investments, 80,000 jobs by 2035
The U.S. economy could see offshore wind investments reaching $ 17 billion by 2025, $ 108 billion by 2030 and $ 166 billion by 2035, supporting 80,000 jobs annually by 2035. This is according to a new study from Wood Mackenzie, which also found that 28 GW of offshore wind areas could be leased and [
Cathie boosts business development team
Offshore geoscience and geotechnical engineering consultancy Cathie has appointed Matthew Laing as UK business development manager. He joined the company as a senior project engineer in 2018. The role will see him lead BD initiatives throughout the UK, manage key client relationships and also ensure
Remazel Engineering pens Jotun FPSO upgrade deal
Italian engineering firm Remazel Engineering has won a deal from Bluewater for work on the Jotun FPSO upgrade project.