Business & Finance
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
Ship Recycling Transparency Initiative Welcomes Louis Dreyfus
Louis Dreyfus Company (LDC) has joined the Ship Recycling Transparency Initiative.
Hibiscus selects FPSO concept for Marigold cluster
Malaysia’s Hibiscus Petroleum has selected an FPSO concept for the development of the Marigold cluster located in the UK North Sea.
Maersk Supply lands FPSO tow and mooring installation job
Maersk Supply Service has been awarded an integrated FPSO tow and mooring installation project for an operator in the North Sea.
Dredger Sandsend Returns to Whitby
The Scarborough Borough’s dredger ‘Sandsend’ has recently returned to Whitby following a period of dry docking on the Humber, overseen by the vessels master (captain) and crew, as well as the harbor master’s team. “Periodic dry docks are a statutory requirement to allow the vessel to be inspected ou
EU approves ExxonMobil-Vår Energi $4.5B Norway transaction
ExxonMobil’s sale of assets in Norway to Var Energi has received approval from the European Commission under the EU Merger Regulation.
DP World Sokhna Expansion Project Near Completion
DP World Sokhna has celebrated its 10th anniversary by announcing it is near completion of a major expansion project that will bring DP World’s total investment in Egypt to $1.6 billion. Basin 2 will be operational by the second quarter of 2020 and nearly double capacity at the port to 1.75 million
Maersk Tankers to Grow Its Managed Fleet by 11 Ships
Maersk Tankers is set to add 11 tankers to the fleet under its management, following a new agreement.
OSV oversupply overstated, the market is tightening, MMA Offshore says
Oversupply of offshore vessels in the market is overstated, and the market is tightening, Australian OSV player MMA said Thursday. The company also expects an increase in demand for its services in its key regions of operations. In a statement prepared for its AGM of shareholders, MMA said its retur
Royal IHC Develops Integrated Project Plan on Circular Sediment Management
Dredging consultants from a consortium of Dutch companies including Royal IHC, Deltares and NETICS have prepared a full-scale pilot project to implement a circular sediment management plan for a reservoir dredging work in India. For the majority of dams that have been clogged up during the past deca
GLDD Back in Action at Virginia Beach
Great Lakes Dredge & Dock LLC has restarted sand-placement operations along the Virginia Beach oceanfront. According to the Army Corps’ Norfolk District, the contractor is pumping sand at 57th Street with construction advancing north toward 70th Street. USACE also added that this week, 57th to 65th
DNG Energy: LNG Bunkering Ops in South Africa’s Algoa Bay to Start in 2020
DNG Energy to commence LNG bunkering operations in South African Algoa Bay in 2020.
DOF Subsea Wins APAC Work
DOF Subsea said it has secured several contracts in the Asia Pacific region, securing 130 days vessel and resource utilisation into Q1 2020. The contracts, for undisclosed clients in New Zealand and South East Asia, will see Skandi Hercules start operations in December 2019 for a major operator. In
Billionaire Fredriksen steps down as Seadrill Chairman
“My close involvement and strong support of Seadrill will remain unchanged.”