Business & Finance
Bladt reports € 5.6 million loss and record-high order book in 2019
Bladt Industries has noted a loss of DKK 42 million (approximately € 5.6 million) in its full-year 2019 results, but at the same time the company also reported a record-high order book and workforce increase. Namely, the company registered an extraordinary write-down of DKK 85 million (approx. € 11.
GALLERY: Heerema’s Sleipnir vessel in record-breaking jacket lift for Shell
Heerema’s giant semi-submersible crane vessel Sleipnir has removed Shell’s 10100 mT Brent Alpha jacket, which was located in the UK North Sea.
Deltic boosts gas volumes estimate for North Sea prospect
Deltic Energy has significantly boosted gas volumes and decreased risk profile at the Selene prospect located in the UK North Sea.
Nylacast snaps us Supergrip
The Leicestershire based Nylacast has acquired subsea engineering firm Supergrip. Nylacast Group specialises in the design, development and supply of precision engineered polymer solutions. The company employs over 400 staff at its headquarters. Group services a global market through its two divisio
Ørsted powers through pandemic
World’s leading offshore wind developer Ørsted reported a 17 per cent increase in earnings from offshore and onshore wind farms in operation in the first half of 2020. The earnings, which stood at DKK 8.2 billion (EUR 1.08 billion), were driven by the ramp-up of power generation from the Hornsea Pro
Awilco exploring options to finance rig order at Keppel
Offshore drilling contractor Awilco Drilling is looking into ways to finance its remaining commitments for a newbuild rig ordered at Keppel.
Ocean Installer boosts offshore wind unit
Norwegian subsea contractor Ocean Installer has established a new business segment – developer of offshore wind. Consequently, the company has appointed Olav Hetland to the role of director Offshore Wind Farms to lead this strategy. This follows the appointment of Even Larsen as the director of Offs
APM Terminals buys ALC’s container terminal in Aarhus
Terminal operator APM Terminals, part of Denmark’s Maersk Group, has decided to acquire a container terminal in Aarhus from logistics company Aarhus Logistics Center (ALC).
Wave Hub’s floating wind plans get UK government’s support
The UK government has awarded a floating wind project led by Wave Hub with early-stage funding that could result in a further longer-term investment of later this year if the early stage of the project development is successful. The South West Floating Offshore Wind Accelerator is one of 17 projects
Archer Knight adds offshore wind to its market intelligence platform
Archer Knight has expanded its software-as-a-service market intelligence platform to include offshore wind developments as well as subsea oil & gas. The Aberdeen-based subsea market intelligence and consultancy firm, formed by Mike Watson & David Sheret, launched Flowline this year. The platform giv
Wellesley ready to drill Norwegian Sea wildcat
The Norwegian Petroleum Directorate has granted Wellesley Petroleum a drilling permit for a wildcat well in the Norwegian Sea.
Sparrows becomes sole Middle East service provider for JDN
Sparrows Group, a provider of specialist equipment and integrated engineering services to the energy industry, has become the service provider for machine construction company J.D. Neuhaus Group (JDN) in the Middle East.
Oceanteam board member resigns
Oceanteam’s Hendrik Johannes Jesse has resigned from the board of directors as per 15 August 2020. The board plans to call for an extraordinary general meeting of the company to appoint one additional director. “Oceanteam wishes to thank Mr. Jesse for his contribution to the Company over the last tw
Petrofac and SOCAR JV wins BP deal in Azerbaijan
Petrofac, in a joint venture (JV) with SOCAR, has secured a contract to provide BP Azerbaijan with international payroll and personnel support services.