Business & Finance
Ocean Installer UK gets new managing director
Subsea contractor Ocean Installer UK has appointed Robert (Bob) Gillespie as the new managing director. Specifically, Gillespie will lead the company’s UK office based in Aberdeen. The company said it is confident Gillespie has the right attributes for this vital role in a critical region. Kevin Mur
Wellesley bites the dust in Norwegian well
Oil and gas company Wellesley Petroleum has drilled a dry well north of the Gjøa field offshore Norway.
Thousands of Maersk jobs to be affected by reorganization
Over 26,000 people are expected to be affected by Maersk’s internal reshuffling, a company spokesperson confirmed to Offshore Energy-Green Marine. “Some will experience big changes, others small. Some are moving to new jobs, and a smaller number will, unfortunately, become redundant, which we take v
Eco Wave Power sets up Portugal subsidiary
Eco Wave Power (EWP) has established EW Portugal – Wave Energy Solutions, Unipessoal lda, a wholly owned subsidiary in Porto, Portugal. This move should enable EWP to commence official licensing procedures for its planned 20MW wave energy project in Portugal. This is part of the company’s concession
AqualisBraemar backs port developments for offshore wind work
AqualisBraemar’s offshore wind consultancy unit OWC and its ports and harbors unit are combining resources and know-how to support new port developments driven by the growth in the offshore renewable energy sector. According to OWC, the collaboration will work towards helping ports identify exactly
Equinor picks up drilling permit for North Sea wildcat
The Norwegian Petroleum Directorate (NPD) has issued a drilling permit to Equinor for a wildcat well located in the North Sea offshore Norway.
LOC to provide DP trials for Bernhard Schulte SOVs
LOC Germany, a subsidiary of LOC Group, has secured work with Bernhard Schulte Shipmanagement (BSM) to provide remote dynamic positioning (DP) trials for two service operation vessels (SOVs). The scope of work includes the preparation of the remote DP trial program and providing marine engineering c
Seadrill agrees debt payment suspension with creditors
Seadrill has entered into an agreement with some of its lenders for the suspension of debt payments while the company is working on restructuring its debt.
Galloper offshore wind farm bolsters green credentials
The Galloper offshore wind farm in the UK has received the ISO 14001 certificate in recognition of improved environmental performance. Awarded by Lloyds Register, the ISO 14001:2015 is an internationally recognized Environment Management System (EMS) that highlights continuous improvement and reduce
Despite modest recovery, global marine insurance sees uncertain future
Marine underwriting premiums for 2019 saw a reduction of 0.9% year over year and were estimated at $28.7 billion, the International Union of Marine Insurance (IUMI) said.
MDL eyes global growth with new team boost
MDL has implemented organisational changes to its management and business development teams as it targets global growth in the “new normal” energy market. Andrew Blaquiere, previously VP Americas, joins the MDL board as managing director and will be overseeing the day-to-day business operations. The
Ocean Energy Europe welcomes HydroQuest to its board
French tidal energy developer HydroQuest is joining the Ocean Energy Europe board of directors as a lead partner. Specifically, HydroQuest will be represented by Guillaume Gréau, head of business development. Building on a decade’s experience in developing river current turbines, in 2016 HydroQuest
Neptune extends CHC gig in Dutch North Sea
Neptune Energy has extended its contract with CHC Helicopters, covering the Dutch sector of the North Sea, for further two years.
Wilhelmsen buys into Edda Wind
Wilhelmsen has entered into an agreement with Østensjø Group to acquire 25% of its offshore wind business unit Edda Wind. As part of the agreement, Wilhelmsen also secured an option to buy another 25% before June 2021. Edda Wind currently has two vessels in service and four service vessels on order