Singapore’s vessel operator Pacific Radiance has entered into a joint venture agreement with Allianz Offshore Middle East, forming a new company which will be involved in offshore vessel operations. The agreement between Pacific Radiance’s subsidiary, Crest Offshore Marine, and Allianz, a company in
McDermott International has signed a memorandum of understanding (MoU) with Saudi Aramco to expand and develop the company’s physical and human capital within Saudi Arabia. The MoU is a part of Aramco’s In-Kingdom Total Value Add (IKTVA) initiative. The company has committed to a nine-initiative pla
Oil giant Saudi Aramco has signed memorandums of understanding (MOUs) with oilfield service provider Schlumberger and EPCI company McDermott during the first Saudi-U.S. CEO Forum in Riyadh. The inaugural Saudi-U.S. CEO Forum, attended by the U.S. President Donald Trump and held over the weekend, bro
Pacific Radiance has through its wholly-owned subsidiary, Crest Offshore Marine, entered into a joint venture agreement with Allianz Offshore Middle East to jointly incorporate a company in Singapore known as Allianz Radiance. Under the terms of the JV Agreement, Crest Offshore and Allianz Offshore
Tidal Energy Today has compiled the top news from tidal and wave energy industry from May 15 – 21, 2017.
Albwardy Damen has been awarded two shipyard awards in the space of just four weeks. During recent MASTECH conference in Dubai, Albwardy Damen received the prestigious Best UAE Shipyard Award for 2017. Then on the 16th of May it received the accolade of Best New Building Yard at the presentation cer
The developers of the MeyGen tidal array project have summarized the lessons learned during the project’s Phase 1A in a report for the Department for Business Energy and Industrial Strategy (BEIS).
The WEC-Sim development team has released the recordings of the recently held wave energy modeling webinar, and announced another one for the next week.
Engineering consulting firm Ramboll has been appointed by the North Oil Company (NOC) to carry out a pre-FEED study for three new wellhead platforms at the gigantic Al-Shaheen field in the Arabian Gulf off Qatar. Al-Shaheen is the largest offshore oil field in Qatar, covering more than 40% of Qatar’
Technical Advisory Group (TAG) of the United States to the International Electrotechnical Commission’s (IEC) TC-114 is looking to appoint subject matter experts for the new wave and tidal validation project.
Coastal Rambler, one of Acta Marine’s shoalbusters, has been supporting the construction of Dubai’s Deira Island. The vessel’s main duties on the Deira job are handling barges loaded with the rocks that form the basis of the artificial island structure. “Considering the dimensions of the barges invo
Everything is on track for the merger between Germany’s shipping line Hapag-Lloyd and United Arab Shipping Company (UASC) to be finalized by the end of May, Hapag-Lloyd’s Spokesperson told World Maritime News. The statement was given on the back of media reports that the merger has already been sign
Caterpillar Marine has just announced that one of the world’s largest split hopper dredger is being built with a complete Cat® engine and propulsion package. The 4200m³ capacity vessel, designed by MARIC Design House in conjunction with the Jiangsu Haixin shipyard, receives its shaft propulsion powe
Maritime & Offshore Media Group Navingo has announced that the first annual Dredging Today Conference will take place on 9 and 10 October 2017 at Amsterdam RAI. The 2017 theme is Changing Climate, Resilient Business. The conference is part of Navingo’s dredging platform which also comprises the onli
