Business & Finance
NOV to supply flexible pipes for Balder field
NOV Flexibles and Ocean Installer have signed a contract for the supply of flexible pipes and ancillaries for the redevelopment of the Vår Energi-operated Balder field located in the North Sea off Norway.
Elbe River Dredging Project Remains on Track
The Port of Hamburg yesterday released the latest update on the Elbe River dredging project. Overall, the fairway adjustment project is going according to plan, so that completion at the end of the coming year remains firmly in focus, reported the company. The deepening and widening of the 116 km lo
Gasum to Use Swedegas’ Gothenburg Facility for Bunkering of LNG Ships
Gasum is to use Swedegas’ facility for liquefied gas for bunkering of LNG fueled vessels.
CGG to Conduct Largest OBN Survey in UK CNS
CGG has taken on a new project to deliver the largest OBN multi-client survey ever conducted in the UK Central North Sea (CNS). Planned to start in early 2020, the survey is being prefunded in part by BP. In the first phase of this multi-year program, CGG aims to acquire over 2,000 sq. km of [&helli
SeaBird Board Member Resigns
SeaBird, a global seismic services provider, has announced a resignation of its board member Olav Haugland. Olav Haugland has a broad business experience from 25 years of CFO responsibilities in the shipping and oil service industries. He has held executive positions both within public companies suc
Hall Contracting Kicks Off Nawi Island Dredging
Hall Contracting has officially kicked off dredging works for the Nawi Island Marina Development in Savusavu, Fiji. This stage of the project involves dredging of a marina basin to accommodate a 130 berth marina, bulk earthworks for the resort and yacht club development and installation of 1.5km of
CNOOC elects new chief executive officer
Oil and natural gas producer CNOOC has promoted its executive director and president to the position of the chief executive officer.
Euroseas Buys Containership Quartet
Greek ship owner and operator Euroseas is to acquire four secondhand 4,253 TEU containerships.
Settlement Shores Dredging Set for Next Week
Dredging operations on the Settlement Shores canal system are set to begin on Monday, 25 November, the Port Macquarie-Hastings Council said in its latest release. According to the council, this dredging scheme will be conducted in the areas where the depth has been impacted by sedimentation, tidal m
US Start-Up Secures Funding for Concrete Offshore Wind Foundation
The U.S. National Offshore Wind Research and Development Consortium has allocated a grant to the start-up RCAM Technologies to develop its modular concrete offshore wind foundation. The National Offshore Wind Research and Development Consortium selected RCAM Technologies for contract negotiation as
DOF Takes Full Ownership of DOF Subsea
Norwegian offshore services group DOF has entered into an agreement to purchase 35 per cent of the subsidiary DOF Subsea for NOK 20 million ($2.2 million). The acquisition is closely associated with the ongoing refinancing of DOF Subsea, the Oslo-listed offshore support vessel contractor said on Mon
Boost for The Water Institute of the Gulf
The National Fish and Wildlife Foundation (NFWF) and the National Oceanic and Atmospheric Administration (NOAA) announced yesterday that The Water Institute of the Gulf was one of several recipients of funding from the National Coastal Resilience Fund. According to their official announcement, the $
Euronav Buys Suezmax Pair with New Joint Venture Partners
Euronav has entered into a joint venture together with affiliates of Ridgebury Tankers and clients of Tufton Oceanic.
Magseis Fairfield Participates in New Multi-Client Project
Magseis Fairfield has entered into an agreement with an unnamed multi-client company to participate in a multi-client project, expected to start late in the first quarter of 2020. “This is the first phase of a multi-year campaign which will bring industry leading nodal acquisition and data processin