Business & Finance
Royal Caribbean axes 5,000 jobs amid prolonged cruise ban
Cruise liner major Royal Caribbean Cruises has announced major job cuts amid the impact of the COVID-19 pandemic on its business, targeting over 5,000 employees in the United States. The company revealed the decision on Wednesday saying it would lay off or furlough approximately 26 percent of its U.
Petrobras to shut down 62 offshore platforms in Brazil
Petrobras has decided to halt operations at 62 platforms located offshore Brazil due to the effects of the coronavirus and the low oil price. Employees will be transferred to other units.
PDi gets new business acquisition director
Project Development International (PDi) has appointed Gavin Stevenson as its business acquisition director. Stevenson Brings over 30 years of subsea and deepwater oil and gas experience to PDi, part of the Tattva Group. He has served in a variety of senior technical and managerial positions. They co
Woodside’s Q1 revenue slips, production up
Australia’s Woodside Petroleum saw its revenue slip in the first quarter of the year.
Van Oord Presents Annual Report and Changes to the Board
The General Meeting of Shareholders of Van Oord N.V. was held on 15 April 2020, during which the 2019 Annual Report was presented and a change of the supervisory membership was approved. After almost 12 years as a member of the Van Oord Supervisory Board, Mr Koos van Oord has formally stepped down.
IKM Testing secures work on Equinor’s Johan Castberg FPSO
Norwegian oil major Equinor has awarded a comprehensive and long-term testing contract on the Johan Castberg FPSO to IKM Testing.
ADNOC cancels Petrofac’s Dalma contract worth $1.5 billion
Oilfield services provider Petrofac has received a contract termination from ADNOC for the Dalma gas development project in the United Arab Emirates.
USACE to Prepare EIS for Corpus Christi Deepening Project
The U. S. Army Corps of Engineers Galveston District has published a notice of intent to prepare an Environmental Impact Statement (EIS) for Port Corpus Christi’s proposed Channel Deepening Project. To ensure that all of the issues related to this proposed project are addressed, the Corps will condu
Yinson completes $800M FPSO refinancing deal
Malaysian FPSO provider Yinson has completed an $800 million refinancing deal for the John Agyekum Kufuor FPSO.
RECOVER Lake Okeechobee Measure Approved
The RECOVER Lake Okeechobee Stage Performance Measure used to evaluate regional scenarios for the Comprehensive Everglades Restoration Plan (CERP) has been approved by the RECOVER (Restoration, Coordination & Verification) Executive Committee. RECOVER (REstoration COordination & VERification) is a m
Santos to sell Barossa stake to Jera
Australia’s Santos said Thursday it had signed a letter of intent to sell a 12.5 per cent stake in the Barossa project to Japan’s LNG trading giant JERA. The Barossa gas field in northern Australia is being developed to secure feed gas for the Darwin LNG plant in which JERA already has a 6.1 per [&h
Hexatronic in new submarine cable deals
Hexatronic Cables & Interconnect Systems has recently signed multiple agreements for fiber optic submarine cable. The total value of the agreements amounts to SEK 40 million, of which most of it is from new customers in several different countries such as the Philippines, Honduras, Ghana, St. Maarte
Baleària’s earnings rise in 2019
Spanish shipping company Baleària wrapped up 2019 with turnover and EBITDA growth of 19 per cent.
Aker Solutions and Cognite get $2 million offshore wind technology grant
Aker Solutions and Cognite have secured a $2 million grant from the California Energy Commission (CEC) for an offshore wind energy technology project. The NextWind Real Time Condition Monitoring project aims to develop a holistic digital solution that will enable monitoring the condition of an offsh