Business & Finance
James Fisher Cuts Decom Time in Middle East
James Fisher Offshore (JFO) supports Saudi EPC business, NPCC to deliver time and cost savings in offshore decommissioning operations in the Middle East. According to JFO, its ultra-high-pressure (UHP) abrasive water jet internal cutting system has delivered NPCC a 60% reduction in overall cutting t
Maersk’s Søren Toft Leaves, Company Looking for New COO
The responsibilities as Chief Operating Officer will in the interim be taken on by Søren Skou.
InfraStrata Collecting GBP 6 Million for Harland & Wolff Buy
The UK-based InfraStrata has opened a share sale to raise a minimum of GBP 6 million to finalize the purchase of Harland and Wolff from administrator BDO NI. InfraStrata revealed it is seeking to raise the amount through a placing of new Ordinary Shares by way of an accelerated bookbuild at 0.3 penc
GKinetic Selected as Hello Tomorrow’s Deep Tech Pioneer
Irish hydrokinetic turbine developer GKinetic Energy has been selected as one of Hello Tomorrow’s Deep Tech Pioneers. Every year, the Hello Tomorrow team receives thousands of applications to their deep tech startup competition, the Global Challenge. The Hello Tomorrow team and network of experts ju
MPC Capital Takes Stake in Tanker Specialist Albis
Germany’s MPC Capital buys a strategic stake of 50 percent in compatriot tanker specialist Albis.
Foyle and Marine Dredging Kicks Off Killybegs Project
Foyle and Marine Dredging Ltd. has commenced dredging operations in Killybegs, Donegal County, Ireland. The company announced today that their dredger ‘Dinopotes’, fitted with an environmental bucket to minimize turbidity, is performing the works. The dredging is part of a €14.7 million capital work
WFS Technologies Wins Industry Award
WFS Technologies has been honoured with an industry award after winning Oil & Gas UK’s Business Innovation accolade for its Seatooth technology. The Seatooth technology enables the automation and digitalization of subsea assets through its ability to communicate through steel, ground, sea water and
New LNG Carrier Built for Yamal Project Joins Its Owners
The 174,000 cbm LNG Dubhe was handed over to MOL and China COSCO Shipping on November 6.
European Shipyards, Manufacturers Urge EU to Safeguard Industry
European social partners called upon EU policy-makers to adopt a dedicated European industrial strategy.
Ob-Irtysh Basin Navigation Season Closes
The Navigation Season 2019 on the Ob-Irtysh Basin System of Waterways has come to an end, the Rosmorrechflot press center (Federal Marine and River Transport Agency) reports. In 2019, total length of waterways with aid to navigation was 8,750 kilometers. According to Rosmorrechflot, the scope of dre
Welcon Brings SOT’s Tetra Foundation to Asia
Welcon A/S and HighTek-Century have signed a Memorandum of Understanding (MoU) for the construction of a turbine tower factory in Taiwan. The factory will manufacture wind turbine towers, including Stiesdal Offshore Technologies’ (SOT) Tetra foundation concept for the Taiwanese and Asian markets. Ac
Minesto Launches $9M Rights Issue
Minesto has decided to carry out a rights issue to raise proceeds of approximately SEK 86 million (close to $9 million). The rights issue is carried out in order to give Minesto’s existing shareholders the opportunity to subscribe for new shares under the same conditions as in the private placement
ITF Calls for Urgent Action to Tackle Rising Piracy in Gulf of Guinea
Pirates kidnapped 13 crew members from two ships in two piracy incidents that occurred in early November.
MOL hires Maersk jack-up for North Sea well
Maersk Drilling has secured a one-well contract for the ultra-harsh environment jack-up rig Maersk Interceptor with MOL Norge.