Business & Finance
Svitzer to Continue Providing Towage Services to Sakhalin
Svitzer gets a ten-year extension of its marine service contract with Sakhalin Energy Investment Company.
Damen Shipyards Appoints New Chief Operations Officer
Damen Shipyards Group has appointed Marc van Heyningen as the new Chief Operations Officer (COO). Van Heyningen will assume the position as of 1 April, succeeding Jan-Wim Dekker, who started as COO on 1 January. According to Damen, the new COO spent the majority of his career working for Fluor Corpo
MV Werften Stops Production at Its Shipyards for 4 Weeks
MV Werften has decided to stop production at its yards in Wismar, Rostock and Stralsund.
Chevron orders umbilicals for Gulf of Mexico projects from Aker Solutions
Aker Solutions has entered into a master agreement to provide umbilicals for the Chevron-operated oil and gas fields in the US Gulf of Mexico.
Teledyne Marine Introduces New Unmanned Survey Vessel
Teledyne Marine has released a new unmanned survey vessel – the TELEDYNE Z-BOATTM 1800-T. The survey vessel will be equipped with Trimble’s high-precision GNSS heading receiver and is compatible with Trimble® Marine Construction (TMC) software, enabling marine construction/dredging projects to run e
Land & Water Using HVO Fuel
Land & Water Group Ltd., one of the leading civil and engineering companies in the UK, recently hosted a fuel demonstration event at their Rainham site, showcasing the revolutionary hydrotreated vegetable oil (HVO) fuel. At Rainham, the company is operating the only licenced dredge material disposal
Total to slash over $2.5 billion from E&P business as oil crisis bites
In an effort to alleviate the concequences of the recent oil price plunge, French oil major Total has revealed its plan to reduce the capex for 2020 by more than $3 billion and save about $800 million in operating costs compared to 2019.
Swire Shipping’s First of Eight Newbuilds Starts Ops
Swire Shipping has announced the entry into service of its first 2,400 TEU newbuild vessel, MV Changsha.
Van Oord Reports Drop in Numbers, Believes in Offshore Wind
Van Oord has reported a revenue of EUR 571 million in its offshore wind business unit in 2019, a 23.6% decrease compared to the EUR 706 million in 2018. Van Oord states that this decrease in offshore wind activities was driven by the smaller number and size of projects currently under construction.
Xodus Hails Subsea Cables Unit
Energy consultancy Xodus said it has recorded a major increase in the provision of services related to subsea power cables over the last twelve months. According to Aberdeen-based company, the number of new assignments grew by more than 50 per cent, resulting in more than 70 active work streams in 2
Another early termination for Shelf Drilling’s jack-up rig
Shelf Drilling has received an early contract termination for a jack-up rig operating offshore Nigeria.
Van Oord Reports Challenging Year in 2019
Van Oord has announced its full-year results for 2019, saying that the last year was a challenging year for them. As reported, the company experienced tough times in its main dredging market, combined with growth and opportunities in other markets such as the Netherlands. In 2019, Van Oord recorded
Damen Shipyards Group Appoints New COO
As of April 1st, Marc van Heyningen will become the new Chief Operations Officer (COO) of Damen Shipyards Group. This completes the Executive Board of the leading Dutch maritime solutions provider. “We warmly welcome Marc on board,” said CEO Arnout Damen. “With his experience and background, he is c
Coronavirus crisis forces Aker BP to delay projects and exploration wells
Aker BP is putting on hold all non-sanctioned field development projects, postponing exploration wells and reducing production costs in order to reduce spending in response to uncertainty caused by the coronavirus crisis.