Business & Finance
Decom North Sea Names New Board of Directors Chair
Decom North Sea has appointed Jinda Nelson as chair of its board of directors. Nelson appointment to the board follows several years as an active member of Decom North Sea, including close involvement with the organisation’s Decommissioning Leadership Group from its inception. She has also spent a n
Rehabilitation of Port Elgin Breakwater About to Begin
Rehabilitation of the Port Elgin breakwater, led by Fisheries and Oceans Canada (DFO), will begin shortly, the Town of Saugeen Shores reports. Equipment and supplies have already begun arriving at the Port Elgin Main Beach parking area from the bandshell south towards the Beach House, which will ser
New UK Program Targets Offshore Wind Supply Chain Boost
The Offshore Wind Growth Partnership (OWGP) and the Sharing in Growth program have joined forces to develop a new program that aims to improve the competitiveness of the UK offshore wind supply chain. The GBP 1.5 million Sharing in Growth – Offshore Wind program is expected to support the industry i
Akastor investment manager to take on CFO role next year
Norway’s oil-services investment company Akastor has named a new chief financial officer of the company.
Monjasa Renames Ten Owned Bunker Tankers
Monjasa has decided to rename its fleet of ten owned tankers following the acquisition of five vessels.
Vopak to Build, Operate New Terminal in Texas
The new Vopak terminal will handle all liquid products moved by marine vessels.
2H Offshore Boosts Management
Acteon’s riser and conductor specialist 2H Offshore has made several promotions within the organization. Ben Andrew has been appointed a director of the Woking office alongside Alex Rimmer. They will work together to grow the England and MENA regions, with Andrew leading the deployment of new cloud-
Seaborn Completes Ice Model Hull Test for New Expedition Ship
Seabourn marks milestone in the construction of its new expedition ship with the completion of ice model testing.
Scorpio Tankers’ President Buys Another 2K Call Option Contracts
Scorpio Tankers’ President, Robert Bugbee, has bought call options on 200,000 common shares of the company.
Edison, Ina joint venture hires Crosco jack-up rig
EdIna, a joint venture company between Italian energy company Edison and Croatia’s Ina, has reportedly hired a jack-up drilling rig from drilling and well services contractor Crosco, a subsidiary of Ina.
Equinor and ESB Partner Up for Irish Offshore Wind
Equinor and the Irish state-owned electricity company Electricity Supply Board (ESB) have entered into a partnership to cooperate on the offshore wind sector in Ireland. The partnership will work to identify suitable sites for new offshore wind farms in Irish waters and will work to mature potential
Storage Areas Completed for the Elbe Project
In the course of the deepening of the Elbe fairway, around 1,200,000 tons of underwater construction stones were built into the “Medemrinne” and “Neufelder Sand” underwater deposit areas (UDAs) between March and October. The stone mixture was required for the completion of respective central dams wi
DIF, Geogas, Access Capital to Invest in LNG Newbuild Quintet
The remaining 50% stake will be held by Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK).
UK Labour Party Confirms Offshore Wind Commitment
The UK’s Labour Party has reaffirmed its offshore wind commitment in its General Election manifesto, claiming it will build 7,000 new turbines in UK waters. In September, the Labour Party announced it plans to build 37 new offshore wind farms with a 51% publicly owned stake in the UK. Under the Peop