Business & Finance
EMGS Gets New Pemex Call
Electromagnetic Geoservices (EMGS) has received a call-off for additional acquisition work for Pemex. In June last year, EMGS signed a two-year acquisition contract with Pemex with a total value of approximately $73.3 million and a minimum value of approximately $29.3 million. The call-off consists
New Sand Arrives at Bald Head Island
The State of North Carolina and the Federal Emergency Management Agency (FEMA) have announced an additional $2.9 million to reimburse expenses to restore hurricane- and tropical storm-related beach damage. The funds include reimbursing the replacement of beach sand in the Village of Bald Head Island
Containership Hit by ‘Devastating’ Fire off Mozambique
The steerless containership was battling high swells posing a safety risk to its 25 crew members.
Dana awards Triton job to Ocean Installer
Dana Petroleum has awarded Ocean Installer a contract for work at the Triton Area Development, located in the Central North Sea around 190 km east of Aberdeen.
Tekmar Scoops Kriegers Flak Deal
Tekmar Energy has secured a contract from Global Marine Group and JDR Cables for the supply of TekLink cable protection systems and cable hang-off assemblies for Danish Kriegers Flak offshore wind farm (DKF) in the Baltic sea. Tekmar Energy will supply 150 patented TekLink Mechanical Latch cable pro
Rystad Energy: US Waters Could See 20GW of Offshore Wind by 2030
Installed offshore wind capacity in U.S. waters could reach 20GW by 2030, according to research by Rystad Energy. The research writes that the annual investments in the U.S. offshore wind sector could surpass USD 15 billion by the mid-2020s. Such a trajectory means capital expenditure in U.S. offsho
New deals for DOF Subsea’s Skandi Singapore vessel
Norwegian subsea service business DOF Subsea has won several contract awards in the Asia-Pacific (APAC) region.
STR Launches Singapore Office
Subsea Technology & Rentals (STR) has officially opened its Singapore office in which the occasion was marked by a client open day on Wednesday January 22, 2020. The opening of STR’s Singapore facilities follows its recent strategic expansion into Asia Pacific which saw the appointment of Jason Fren
Dana Hires Ocean Installer for Subsea Work Off UK
Ocean Installer has won a contract from Dana Petroleum for work at the Triton Area Development in the Central North Sea some 190 kilometers east of Aberdeen. The contract, which is Ocean Installer’s first with Dana, involves the installation and trenching of a 12-inch flexible production flowline at
East Cowes Flood Protection Scheme on Display
The Environment Agency is bidding to secure £500,000 in government funding to better protect homes and businesses in East Cowes from tidal flooding. According to the EA, if the bid is successful, the scheme would bring increased flood protection to property and public areas of the town, better prote
DOF Subsea Wins Australia Gig
DOF Subsea said it has been awarded several new contracts in the APAC region. The Oslo-listed subsea operating company said that the new contracts should secure further vessel and resource utilization in the first quarter and first part of the second quarter of 2020. The contracts, for undisclosed c
More Jobs to Flow from $80 Million Gladstone Project
Almost 40 local jobs will be created to support a major channel widening and land reclamation project in Gladstone Harbor this year. The $80 million Clinton Vessel Interaction Project being led by Gladstone Ports Corporation will widen the Clinton Channel by about 100 meters and to further develop p
Shearwater wins second seismic campaign offshore India
Marine seismic acquisition company Shearwater GeoServices has been awarded a 3D broadband marine seismic acquisition campaign by ONGC in Western Offshore India.
Schulte, DEVK Create New Maritime Asset Investment Platform
Schulte Group and DEVK have established Navigo, a maritime asset investment platform for institutional investors.