Business & Finance

Barossa Subsea Contracts for Aker Solutions and NOV
Aker Solutions and National Oilwell Varco have joined Subsea 7 in the the award of contracts for the supply and installation of subsea infrastructure for the Barossa project, the last major facilities commitments ahead of a final investment decision (FID). Aker Solutions will supply the umbilicals a

Subsea 7 Wins Barossa SURF Scope
Subsea 7 has been awarded a contract contract between $300 million and $500 million by ConocoPhillips Australia to deliver the SURF scope for the Barossa project, 300 kilometers offshore Darwin, Australia. Subsea 7’s scope of work includes project management, engineering, procurement, fabrication, t

Nam Cheong clinches new deals for six offshore vessels
Offshore vessel owner Nam Cheong has won new contracts for its vessels with a total value of RM116.4 million ($27.7 million).

Keel Laid for Russia’s 1st LNG-Fueled Passenger Ship
A keel-laying ceremony has been held for Chaika LNG, the first passenger ship in Russia to be powered by LNG.

New IHC Beaver Vigilance Kicks Off Dredging Work
The Port Authority of Douala’s (PAD) new IHC Beaver 50 cutter suction dredger (CSD) officially started its operations on February 26, 2020. The PAD’s Department of Dredging and Maritime Logistics teams have successfully completed the testing process and dredging works already kicked off in the berth

Samsung Heavy Secures USD 300 Mn Order for Shuttle Tanker Trio
Samsung Heavy Industries has won an USD 300 million order for the construction of three shuttle tankers.

Polaris: Fuel Tanks of Grounded Stellar Banner Intact
The fuel tanks of Stellar Banner remain intact, according to Polaris Shipping.

GLDD Hosts TSHD Ellis Island Tour
Great Lakes Dredge & Dock Corporation (GLDD) last week hosted visitors from the U.S. Army Corps of Engineers, South Carolina Department of Natural Resources (SCDNR), SC Aquarium and other Charleston Deepening environmental stakeholders aboard their trailing suction hopper dredger (TSHD) Ellis Island

Partners nearly set to push the button on Barossa development after subsea contract awards
ConocoPhillips has awarded contracts for the supply and installation of subsea infrastructure for the Barossa project, located offshore Australia, ahead of a final investment decision for the project planned for the second quarter of 2020.

Dredging Contracts in the Spotlight at IAPH World Port Event
This year, dredging takes the spotlight with a special business innovation panel, at the IAPH World Ports Conference in Antwerp, Belgium, 17-19 March 2020. According to the Central Dredging Association (CEDA), the session ‘Dredging Strategy: Best Practices in Tendering Cost Management and Relationsh

Sandvik’s stainless steel umbilicals ordered for Mero field
Swedish engineering group Sandvik has won the first large-scale stainless steel umbilical tube order in Brazil’s pre-salt Mero oilfield.

Wartsila-Led Consortium to Raise Fuel Efficiency in EU-Funded Project
A Wärtsilä-led consortium gets EU funding for a project aimed at reducing ships’ fuel consumption.

Dredger Woomera Arrives in Gladstone
Hall Contracting’s backhoe dredger Woomera has arrived in Gladstone for the $80 million Clinton Vessel Interaction Project, the Australia’s largest dredging, civil and marine construction company said in their latest facebook announcement. The project, led by Gladstone Ports Corporation, will widen

Nexans to supply subsea cables for Marjan expansion project
Nexans has been awarded a purchase order to supply cables for the offshore Marjan increment development mega-project on the eastern coast of the Arabian Gulf.