Business & Finance
QED Naval and HydroWing JV Acquire Tocardo
QED Naval and HydroWing have formed new collaborative European joint venture and with it acquired Holland’s tidal turbines business, Tocardo. This tri-partite, collaborative partnership brings together decades of multi-sector expertise as well as a blend of well tested, complementary products. Tocar
Zenith to provide loan to AAOG for Congo asset
Zenith Energy has reached an agreement to provide a secured loan facility to Anglo African Oil & Gas (AAOG) for a total amount of £250,000 ($327,400).
BPC creates fund to enable local investment for Bahamians
Bahamas Petroleum Company (BPC) has incorporated a Bahamas-based mutual investment fund with the aim of owning BPC shares.
Platte River Bank Repair Contract Awarded
The U.S. Army Corps of Engineers’ Omaha District awarded a $1.68 million construction contract to Midwest Construction Company, Inc., on January 3 for the repair of approximately 300 feet of the right bank of the Platte River, approximately 1.25 river miles from the confluence of the Platte and the
Lekoil makes two additions to board of directors
Nigerian oil company Lekoil has appointed two new non-executive directors, with immediate effect.
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (December 30, 2019 – January 5, 2020). MTCC Wins Himmafushi Dredging Contract The Maldives Transport and Contracting Company Plc (MTCC) has won a contract for the K. Himmafushi Harbor – Phase 2 Project. PHOTO: F
Readers’ Picks of the Week (December 30, 2019 – January 3, 2020)
Here are the most read stories of the previous week.
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (December 30 – January 05). https://subseaworldnews.com/2019/12/31/pandion-energy-completes-duva-stake-sale-to-solveig-gas/ https://subseaworldnews.com/2019/12/30/fugro-becomes-sole-owner-of-seabed-geo
Energean Inks EastMed Pipeline Deal with DEPA
Energean and the Public Gas Corporation of Greece (DEPA) have agreed to cooperate to further support the EastMed Pipeline Project. Ahead of the Intergovernmental Agreement on the EastMed Pipeline, to be signed later today by the Ministers of Cyprus, Greece and Israel responsible for Energy, Energean
SBM Offshore riding the FPSO renaissance wave
In surfing, reading the environment and anticipating a wave from a small lump on the horizon can be difficult, but rewarding. This is what SBM Offshore had done when after a rather dry period for FPSO orders it ordered an FPSO hull from China’s SWS Shipyard in July 2017.
Energean and DEPA ink deal for 20 pct of EastMed pipeline’s initial capacity
Energean and the Public Gas Corporation of Greece (DEPA) have agreed to cooperate to further support the EastMed Pipeline Project.
Hyundai Samho Wins LPG Carrier Gig as Parent Sets Targets for 2020
Hyundai Samho Heavy Industries has secured a contract for the construction of two LPG carriers.
Royal IHC: India Pilot Scheme Update
Royal IHC, a supplier of equipment, vessels and services for the offshore, dredging and wet mining markets, has just released the latest update from their reservoir dredging pilot scheme in India. According to the announcement, the next step of the preparation of the program was the pump test. The c
Orca Maritime Gets New Research Vessel
Armstrong Marine said it has delivered a new catamaran research vessel, Benthic Cat, to Orca Maritime following launch and sea trials in the Port of Port Angeles. Orca Maritime selected the design after Armstrong delivered the same 4216-CTC model to UC San Diego’s Scripps Institution of Oceanography