Business & Finance
Pilot Falls to Death while Boarding Maersk Kensington
The veteran pilot fell from an accommodation later sustaining fatal injuries.
Eni extends deal for BW Offshore’s Abo FPSO
BW Offshore has signed an extension agreement for the Abo FPSO with a subsidiary of Eni.
Aqueos Wraps Up Subsea Campaigns Off US
Subsea services provider Aqueos has completed saturation diving and ROV campaigns for multiple clients on US North East Coast and a project on the West Coast. The DP2 DSV Kelly Ann Candies conducted IMR work on multiple LNG offloading facilities in the area in depths down to ~350fsw. Work also inclu
Prosafe and Floatel agree extension of share purchase agreement amid competition concerns
Prosafe and Floatel International have agreed an extension of a share purchase agreement related to a proposed merger of the two companies amid concerns raised by competition authorities.
The Pasay Land Reclamation Project VIDEO
Royal Boskalis Westminster N.V. (Boskalis) was recently awarded a contract for design and construction of the Pasay Reclamation Development Project in Manila Bay, Philippines. The project will be jointly developed by Boskalis and China Harbor Engineering Company Ltd (CHEC). The scheme has an estimat
Horns Rev 3 Helps Denmark Set Wind Energy Production Record
Electricity produced by wind turbines covered 46.9% of consumption in Denmark in 2019, setting a new record for the country and for the world, according to Wind Denmark. This is a 3.5% increase in the share of wind energy in the mix compared to the country’s second-best result of 43.4% set in 2017.
Oman Shipping Company Signs Its 1st Ijara Contract to Finance Two Ships
Muscat-based Oman Shipping Company has completed a USD 80 million “Ijara” transaction.
Valaris gets $200 million payment in Samsung Heavy arbitration, secures more rig work
Valaris has received a $200 million payment following the conclusion of arbitration proceedings with Samsung Heavy and has secured new contracts for its rig fleet, adding $100 million to its contract backlog.
Dredging Part of the Kapalama Container Terminal Project
The Hawaii Department of Transportation (HDOT) Harbors Division has announced that it is moving forward with Phase 2 of the Kapalama Container Terminal (KCT) project at Honolulu Harbor – the cornerstone of the Harbors Modernization Plan. According to the HDOT, the project is the largest capital impr
Subsea 7 Boosts Executive Team with Evans at Helm
Subsea 7 has made additions to its executive management team as the new CEO takes over, effective from 1 January, 2020. John Evans is now in place as chief executive officer, succeeding Jean Cahuzac who retired at the end of 2019, but remains on the board of the company as a non-executive director.
Gulf Marine Services wins two new contracts
Offshore oilfield contractor Gulf Marine Services has been awarded two new contracts in the Middle East.
Euronav Concludes Sale, Leaseback Deal for VLCC Trio
Euronav entered into a sale and leaseback agreement for three very large crude carriers.
Ordtek Names New Operations Director
Ordtek, an UXO risk management consultancy based in both the USA and UK, has appointed Gary Thirkettle as the new operations director. Lee Gooderham, managing director at Ordtek said: “We are delighted to welcome Gary to the team. Gary’s expertise within the offshore industry will complement our str
USACE Meetings on Upper Barataria Louisiana Draft Feasibility Report
The U.S. Army Corps of Engineers’ New Orleans District has scheduled two public meetings regarding the release of the Upper Barataria Basin Louisiana – Feasibility Study with Integrated Environmental Impact Statement. The Tentatively Selected Plan (TSP) identified to undergo further feasibility-leve