Business & Finance
Okeanis Eco Tankers Secures Loan for New Suezmax Pair
Okeanis Eco Tankers said it would get funding to finance the pre-delivery of two new ECO tankers.
Kvaerner welcomes Hywind Tampen award as strategic breakthrough
Kvaerner has been awarded one of the key contracts for Equinor’s Hywind Tampen floating offshore wind project, which will power oil and gas platforms in the North Sea.
Third New VLCC Handed Over to Hunter Tankers
Hunter Group’s third new VLCC was subsequently delivered it to its new Far Eastern owner.
Serica Energy charters Maersk jack-up for Columbus drilling
Maersk Drilling has entered into a contract with Serica Energy to drill a subsea development well in the North Sea
Whisper Bay Dredging Begins
Whitsunday Regional Council is starting the dredging operations at Whisper Bay, located near the Volunteer Marine Rescue (VMR) in Cannonvale, Queensland. According to the council’s latest announcement, the project will require the closure of the boat ramp from next Monday, 4 November, until Monday,
DOF Subsea and Kværner Team Up on Hywind Tampen Marine Ops
DOF Subsea and Kværner have signed a contract to collaborate and deliver marine operations for Equinor`s Hywind Tampen Project. The contract will be executed in a 50/50 partnership (joint venture). “Hywind Tampen will be the world’s largest floating offshore wind farm and is vital for industrialisin
Repsol 3Q profit falls. Oil production rises
Spanish oil company Repsol reported a drop in 3Q 2019 profit. Net profit for the quarter was 333 million euros, a 46,7% drop from 625 million euros in 3Q 2018. Adjusted net income in the third quarter was €522 million, 11% lower year-on-year.
Shell 3Q CCS earnings dip 15%
Oil and gas giant Shell reported a 15 percent drop in the current cost of supply earnings (CCS) in the third quarter of 2019.
IMO 2020: Hapag-Lloyd Implements New Charge to Cope with Additional Costs
German shipping major is to introduce an IMO 2020 Transition Charge for short-term contracts.
Global E&C selected as construction contractor for EnQuest’s UK assets
EPC contractor Global E&C has been awarded a contract as the default construction contractor for several EnQuest’s UK offshore assets.
Green Marine to Support Atlantis in Japanese Tidal Project
Green Marine (UK) has been named as a key contractor in a tidal energy project at the Nagasaki Prefecture in Japan. Green Marine will be supporting lead contractor, SIMEC Atlantis Energy, in delivery and installation of an AR-Series tidal turbine, foundation and offshore cable for the project in the
Equinor awards key contracts for wind project to power oil and gas platforms
Equinor has signed contracts totalling around NOK 3.3 billion for the Hywind Tampen floating offshore wind farm development. The project will supply electrical power to the nearby oil and gas platforms Gullfaks A, B, C and Snorre A and B.
Saipem and Wello in Spain WEC Project
Saipem and Wello have undertaken to work together for the successful execution of their first joint project. This will be in the framework of the memorandum of understanding signed last September regarding the deployment of WEC Penguin technology for the production of energy from marine waves. The p
HR Wallingford: Corsica Considers Results from 6km Coastline Model
HR Wallingford presented the results from a study using their largest ever physical model of a mobile bed to the Corsican authorities earlier this month. The model was built to examine the long-term impact on the nearby beach of developing a new port in Bastia. “We used the model, which represented