Business & Finance
US Treasury Blacklists Another Rosneft Subsidiary over Venezuela Dealings
OFAC designated TNK Trading International S.A., a Geneva-based subsidiary of Rosneft.
Heerema Closes Dutch Office to Prevent Coronavirus Spread
Heerema Marine Contractors, a Dutch services provider for offshore oil and gas industry, has closed its Leiden office as a precautionary measure in regards to Coronavirus (COVID-19) spread. On Thursday, the Dutch Government issued guidance to slow down and prevent the spread of Coronavirus. “Our wor
BLIX Pursues APAC Offshore Wind with Taiwan Office
The Netherlands-based BLIX Consultancy has opened a branch office in Taipei, Taiwan, to support the offshore wind business in the Asia Pacific region. The new office, opened on 11 March, will be the base for Maarten Timmerman, who is one of the founders of BLIX Consultancy in the Netherlands and the
Court Approves McDermott’s Plan of Reorganization
U.S. Bankruptcy Court for the Southern District of Texas has confirmed McDermott International’s Plan of Reorganization. The Court has also approved the sale of Lummus Technology to a joint partnership between The Chatterjee Group and Rhône Capital. “With the support of our creditors, employees, cus
NYK Announces World’s 1st Onboard Use of Digital Currency
Japanese shipping giant NYK unveiled what it claims to be the world’s first onboard use of digital currency.
Premier Oil mulls reduction in capex program amid oil price volatility
In light of the current market volatility, Premier Oil is looking into its ability to reduce the capex program for 2020 with the possibility to save at least $100 million.
OSG Wraps Up ATC Acquisition, Tanker Purchase
Overseas Shipholding Group (OSG) completes the acquisition of Alaska Tanker Company (ATC).
Royal IHC Developing the Screening Technology
At the end of 2019, Royal IHC was awarded a contract for the design and delivery of two mining screen towers by the family-owned company Spaansen. The towers will be installed on the hopper dredger YED PRIOR. Spaansen is currently converting the GERD container vessel into a gravel hopper dredger wit
2,042 People Disembark Grand Princess
A total of 2,042 people have disembarked the coronavirus-stricken cruise ship Grand Princess.
Noble Energy sharply reducing capital expenditures
In response to the current global macroeconomic and commodity outlook, Noble Energy has announced its decision to reduce its 2020 expenditure guidance by $550 million.
EPA Kicks Off Donna Canal Cleanup Project
The United States Environmental Protection Agency (EPA) has begun removal of PCB contaminated sediment at the Donna Canal and Reservoir Superfund (DCRS) site in Donna, Hidalgo Co., Texas. According to EPA, this Remedial Action will include bank restoration, sediment excavation and disposal. Under th
Jotun and Kongsberg Deliver New Hull Cleaning Solution
Jotun and Kongsberg Maritime have joined forces to develop a proactive hull cleaning solution called Jotun HullSkater. Jotun HullSkater, a green cleaning machine, is part of Jotun Hull Skating Solutions. This is the first solution developed for proactive bio-fouling control on ships and offers the p
McDermott gets approval for reorganization plan
The U.S. Bankruptcy Court for the Southern District of Texas has confirmed McDermott’s plan of reorganization and approved the sale of Lummus Technology to a joint partnership between The Chatterjee Group and Rhône Capital. McDermott filed for Chapter 11 bankruptcy in late January 2020 to eliminate
MacGregor Enhances Customer Support in Americas
MacGregor, part of Cargotec, has extended coverage and capability to support all their customers’ service needs in the Americas. The announcement comes following the acquisitions of Rapp Marine and TTS in 2018 and 2019 respectively. MacGregor now has over 80 service personnel in place supporting the