Business & Finance
EU approves Saudi Aramco and Hyundai Heavy joint venture
The European Commission has approved the creation of a joint venture between subsidiaries of oil giant Saudi Aramco and South Korean rig and shipbuilder Hyundai Heavy Industries.
Baker Hughes Bags Apache Subsea Deal
Baker Hughes said that is has been awarded a multi-year subsea frame agreement by Apache’s North Sea subsidiaries. The deal will see Baker Hughes deliver a suite of subsea equipment and services including six trees, wellheads and an associated service package. Romain Chambault, Europe director, oilf
Monjasa Supplies 1st VLSFO in Lome, Expands West African Footprint
Monjasa has completed its first ship-to-ship supply of the very low sulfur fuel oil in Lome, Togo.
EnBW’s Renewables Earnings Rise in 2019
EnBW reported an operating result of EUR 298.6 million in the Renewable Energies division in the first nine months of 2019, a 38.5% growth compared to the year before. According to EnBW, the increase is due to the overall improvement in wind conditions at offshore and onshore wind farms in Germany,
EMGS Swings to Profit
Norwegian geophysical services company EMGS has returned to profit as revenues hiked more than fourfold for the period ended September 30, 2019. The Oslo-listed company reported profit for Q3 2019 of $5.1 million or 4 cents per share, versus loss of $11.2 million in Q3 2018. Revenues for the quarter
SeaBird in Strategic Overhaul as Loss Continues
Oslo-listed SeaBird said it will focus on a more asset-light and flexible business model after recognizing a continuous widened quarterly loss. For the period ended September 30, 2019, seismic player booked loss of around $5.1 million, compared to loss of $4.6 million in the corresponding period in
Tybee Island Contract for GLDD
Great Lakes Dredge & Dock Company (GLDD) from Oak Brook, Illinois, has won a $13.8 million contract for the Tybee Island Shore Protection Project, located near Savannah, Georgia. Bids for this scheme were solicited via the internet with two received, according to the U.S. Department of Defense’s (Do
Shell Marine and CCCC Dredging Enter Framework Agreement
Shell Marine has signed a framework agreement with CCCC Dredging (Group) Co. Ltd of China to supply marine lubricants and provide technical services across the Chinese company’s fleet. In addition to the supply of Shell Marine’s comprehensive range of lubricating oils designed for every shipboard ap
MOL: First LNG Bunkering Completed at Japanese Port of Nagoya
The demonstration test confirmed that LNG can be safely supplied to vessels at the Port of Nagoya.
Van Oord Announces New Executive Governance Structure
The Executive Board of Van Oord has announced that as of 1 January 2020, Paul Verheul will take over the position of Hans van der Ven and has been appointed as Executive Director of MerweOord B.V., the Van Oord family holding company. According to Van Oord, it’s the intention that Paul will also be
Solstad Offshore secures six-vessel deal from Woodside
Norwegian vessel owner Solstad Offshore has entered into a contract with Woodside for the provision of six vessels.
Hurtigruten: World’s 1st Hybrid Electric-Powered Cruise Ship Named in Antarctica
Roald Amundsen, the world’s first hybrid electric-powered expedition ship, has been named on Brabant Island.
Titan LNG: First LNG Bunkering in IJmuiden
Dutch liquefied natural gas (LNG) supplier Titan LNG, in cooperation with the Port of IJmuiden and OD IJmond, successfully completed the first bunkering of LNG to the Werkendam, Van Oord’s LNG-powered crane vessel, last week. Commenting the latest news, Jippe van Eijnatten, director business develop
ExxonMobil taps SBM Offshore for Stabroek FPSO
SBM Offshore has been awarded contracts by ExxonMobil to perform front end engineering and design for an FPSO for the Payara development project located in the Stabroek block in Guyana.