Business & Finance
Naval Group Inks Anti-Torpedo Countermeasure Deals in OZ
Naval Group has signed nine different memorandums of understanding (MoUs) with Australian companies to manufacture its countermeasure solutions for the Royal Australian Navy in Australia. Naval Group Pacific is proposing what it calls a breakthrough in anti-torpedo countermeasures for Australia’s su
GasLog Secures Financing for New LNG Carriers
GasLog has signed an Export Credit Agency-backed debt financing of USD 1.05 billion with twelve banks.
BP further confirms ‘world-class’ gas resources off Mauritania and Senegal
Successful results of Yakaar-2 and Orca-1 wells could underpin future developments
PTTEP reveals $24.6 billion spending plan for the next five years
Thailand’s national oil and gas company PTTEP has set aside total expenditure of $4.6 billion for 2020 and a whopping $24.6 billion budget for the next five years.
Fugro Wins Hydrographic Survey Work for NOAA
Fugro has been awarded a 5-year contract by the National Oceanic and Atmospheric Administration (NOAA) to provide hydrographic surveying services in the US. The contract was issued by NOAA’s National Ocean Service, Office of Coast Survey, to support the creation and maintenance of highly accurate na
VIDEO Update on the Lake Worth Inlet Dredging
Port of Palm Beach, Florida, has just released a new video on their YouTube Channel giving a unique look inside the 2019 Lake Worth Inlet dredging operations. The Inlet is undergoing the dredging in order to remove sand shoals from the inlet that caused draft restrictions at the Port. The U.S. Army
Dutch MOD Picks Trio for Submarine Replacement Final Round
Naval Group has been selected by the Netherlands Ministry of Defence (MOD) to enter the next phase in the selection process for the Submarine Replacement programme. Naval Group joins Saab and TKMS in the final “knock-out” phase, with the contract award (D-Letter) expected some time around 2022. As r
WWF-Canada: Open-Loop Scrubbers Should Be Banned in Canadian Waters
WWF-Canada has supported a ban on the use of open-loop scrubbers and discharges from hybrid scrubbers.
Khalifa Port Set for Further Expansion
After seven record years of operational growth, Abu Dhabi Ports flagship Khalifa Port is now set for further expansion. The South Quay development, which will be completed by Q1 of 2021, is composed of a three km quay-wall with 18.5 meters along-side draft for general cargo, ro-ro and bulk usage. It
Offshore Wind Innovators Becomes Part of TKI Wind op Zee
Offshore Wind Innovators, a community for companies active in the Dutch offshore wind industry, is set to become part of TKI Wind op Zee from 1 January 2020. According to Offshore Wind Innovators, the transition results from the fact that InnovatieLink, one of the founders of the community, will end
Andersen to Quit as NKT CFO
Cable specialist NKT said that its chief financial officer Roland M. Andersen has decided to resign. According to the company, Andersen plans to leave no later than end-June 2020. Andersen also took on the role of interim CEO in November last year, and was succeeded by Alexander Kara in August this
IWES and Frazer-Nash Partner Up for Offshore Wind
UK consultancy Frazer-Nash and the German Fraunhofer Institute for Wind Energy Systems (IWES) have signed a Memorandum of Understanding (MoU) to collaborate in the offshore wind energy market. The two parties signed the deal in Bremerhaven, Germany, under which they will work together on asset manag
Resource Consent for Pania Artificial Reef
Napier Port has received resource consent to develop an artificial reef 1.4 kilometers north east of Pania Reef, using limestone rock from a revetment wall that will be dismantled as the company builds a new wharf to support regional growth. Commenting the latest announcement, Napier Port Chief Exec
Petrofac and SOCAR to support BP’s operations in Azerbaijan
Petrofac, in a joint venture with Azerbaijan’s SOCAR, has secured a project management services contract to support BP’s operations in Azerbaijan and Georgia.