Business & Finance
Hellenic Cables Wins Mayflower Wind Inter-Array Job
Hellenic Cables has secured an agreement with Semco Maritime for the supply of inter-array cables for the Mayflower Wind project, a joint venture of Shell New Energies US and EDPR Offshore North America. The offshore wind project was selected by the Commonwealth of Massachusetts to supply 804 MW of
GMS lands five-year contract for maintenance services
Gulf Marine Services (GMS) has been awarded a five-year contract for maintenance services as an enhanced extension to an existing vessel contract.
River Parrett Dredging Project Moves Ahead
Somerset Rivers Authority (SRA) yesterday announced the latest update from the River Parrett dredging scheme, saying that it’s been a good few days for dredging operations, with high water levels and strong tides. Crews have been working 12 hours a day on the water injection dredging vessel Borr. “T
DP World Strengthens European Presence with Swissterminal Stake Purchase
DP World will take a 44 percent stake in Swissterminal Holding AG.
Premier preparing logistics base for drilling operations in Brazil
APM Terminals has entered into a partnership with Brasco, a Wilson Sons Group company, to set up a logistics base in Brazil to support Premier Oil’s drilling operations on Block 717.
Report: McDermott may file for bankruptcy as soon as next week
U.S. engineering and construction services company McDermott International could be filing for bankruptcy over the course of this week.
US-China Deal: What Will It Mean for Tanker Shipping?
Sand: The deal will deliver both trade creation and trade diversion.
FAR Receives Credit Approvals for Sangomar Development
FAR Limited has received final credit aprovals for an underwritten USD 300 million senior secured reserve-based lending (RBL) facility for the Sangomar field development offshore Senegal. The approvals come after a joint Final Investment Decision for the field development signed by Woodside, as the
RC Dock LARS for Fugro ASVs
RC Dock Europe, part of RC Dock USA, delivered two fully automated launch and recovery systems (LARS) for Fugro’s new Autonomous Surface Vessels. Both systems are fully automated and of a “open” design making it suitable to receive ASV’s with different types of keel mounted payloads up to a weight o
Maersk CEO: EU Antitrust Rules Hurt European Companies’ Competitiveness
Strict competition rules in Europe prevent the creation of EU giants that would compete with US and Chinese rivals.
Boost for Port Beach Rock Wall
The McGowan Government will contribute $200,000 towards a temporary rock wall to protect the infrastructure at Port Beach in North Fremantle, Western Australia. Port Beach was identified as an at-risk location in the Coastal Erosion Hotspots in Western Australia report released last year. This $200,
Blue-GIFT Launches 2nd Call for Ocean Energy Demos
The Blue-GIFT (Blue Growth and Innovation Fast Tracked) project has opened the 2nd call for applications. Funded by Interreg Atlantic Area, Blue-GIFT, aims to help Atlantic Area companies test the next generation of marine renewable energy (MRE) technology in real sea environments and prove power ca
Deep Casing Tools Strengthens African Ties
UK-based oil and gas technology development company, Deep Casing Tools (DCT), has appointed two agents in Africa. Namely, Africa Oilwell Technology, an oilfield services company, has been appointed as DCT’s partner in Angola, Cameroon, Democratic Republic of Congo, Gabon, Republic of Congo and South
ADES secures second jack-up extension in two weeks
ADES International, an oil & gas drilling and production services provider in the Middle East and North Africa (MENA), has secured a contract renewal for the Admarine 261 jack-up rig in Saudi Arabia.