Business & Finance
GMS lands two new contracts, spurring its hopes for higher rates and fleet utilisation
GMS has won two new contracts for two of its large-size class vessels and expressed hopes for higher rates and improved fleet utilisation.
Nova Innovation reaps multi-million crowdfunding reward
Scottish tidal energy company Nova Innovation has closed a crowdfunding round on Seedrs platform, collecting over £2 million in investment commitments.
Poseidon Principles signatories make progress in decarbonizing shipping
11 out of 23 ship finance portfolios are aligned with the International Maritime Organization’s (IMO) decarbonization target. In 2020, only 20% of reporting signatories were aligned with this goal, according to a new Poseidon Principles report.
GC Rieber sells SURF vessel to Taiwanese offshore wind company
Norwegian shipowner GC Rieber Shipping has entered into an agreement with the Taiwanese offshore wind company Dong Fang Offshore for the sale of its SURF, construction vessel Polar Onyx. The delivery of the 130-meter long vessel, built at Ulstein Verft in 2014, is expected to take place in the first
Maersk Drilling inks rig renewal deal worth around $1 bln with Aker BP
Maersk Drilling and Aker BP have agreed to renew a frame agreement for two jack-up rigs. The estimated value of this deal is around $1 bln.
Wood nets UK North Sea contract wins worth $160 million in Q4 2021
Wood has secured contracts worth around $160 million with several companies – including Shell and Dana Petroleum – for ops in the UK North Sea.
Norwegian trio gets approval for manned underwater ops
Norway’s offshore safety regulator, the Petroleum Safety Authority (PSA), has granted Vår Energi, Equinor and Gassco consent to carry out manned underwater operations in 2022. The consents apply to facilities and pipeline systems on the Norwegian continental shelf, and pipelines subject to Norwegian
Solstad clinches another vessel deal for North Sea ops
Solstad Offshore has been awarded a long-term contract for another PSV by an undisclosed charterer to support operations in the North Sea.
Oceaneering carries out first ROV remote piloting offshore UK
Oceaneering has carried out the first onshore remote piloting of a remotely operated vehicle (ROV) in the UK sector from its Onshore Remote Operations Center (OROC) in Stavanger, Norway.
NovaAlgoma Cement Carriers ups stake in JT Cement
NovaAlgoma Cement Carriers (NACC), a cement shipping joint venture between Luxembourg’s Nova Marine and Canada’s Algoma Central Corporation, has doubled its investment in JT Cement by acquiring an additional 25% of its share equity from KGJ Cement Holdings AS.
Another mystery buyer gets its hands on Solstad vessel
Farstad Shipping, a subsidiary of Solstad Offshore, has sold another one of its vessels to a buyer, whose identity was not revealed.
Lex de Groot: “We have a Speaking Up Culture”
Listen to the Navingo Career Podcast episode #14 with Coco Kossmann as the host and Neptune Energy’s Lex de Groot as the latest guest.
Lundin asks Equinor to keep the operatorship of next Barents Sea production hub
Lundin Energy has increased its interest in the next Barents Sea production hub while Equinor has agreed to continue the operatorship.
Sabella preps to launch €1.5M crowdfunding campaign
French tidal energy company Sabella has announced plans to launch a crowdfunding campaign to finance its tidal power research and project activities.