Business & Finance
Worley bags two frameworks with BP
BP and Worley have entered into two global framework agreements, one for conceptual engineering and the other for early engineering and front‐end engineering design services.
Jersey now majority owner and operator of Verbier discovery
Jersey Oil & Gas (JOG) has completed the acquisition of an additional 70 per cent working interest in Licence P2170 (Blocks 20/5b and 21/1d) from Norway’s Equinor.
Using oil and gas know-how to develop CO2 capture and storage project amid push for lower emissions
Using their decades of experience in the oil and gas sector, three majors are moving forward with a project which will enable the transport of carbon dioxide captured from industrial sites in Norway and its storage in a reservoir below the seabed in the North Sea off Norway.
GALLERY: Giant Sleipnir vessel wraps up decommissioning campaign for ConocoPhillips
Earlier this month, Heerema Marine Contractors’ giant semi-submersible crane vessel Sleipnir completed its first decommissioning campaign of the season.
DOF and DOF Subsea reach debt standstill deals
DOF and DOF Subsea have entered into standstill agreements with secured lenders, representing 93 per cent of the secured debt. Pursuant to said agreements, the companies will suspend payments of principal and interest until 30 June 2020. The deals excluded payments on the NOK 100 million credit faci
P4G Getting to Zero Coalition Partnership to map the business case for shipping’s sustainable energy shift
Global Maritime Forum, World Economic Forum, Friends of Ocean Action, International Association of Ports and Harbors, Environmental Defense Fund, and University College London Energy Institute have partnered with global network P4G. The new P4G Getting to Zero Coalition Partnership builds on the Get
Jenkins Marine to Dredge Trafalgar Wharf Approaches
A routine maintenance dredging project is about to begin within the Trafalgar Wharf Approaches, informs the Queen’s Harbour Master Portsmouth. The dredging of the Trafalgar Wharf Approaches will be conducted by Jenkins Marine Ltd, commencing on the 19 May 2020. As reported, the vessel conducting thi
Damen to deliver components package for oil recovery vessel
Dutch shipbuilder Damen Shipyards Group has signed an agreement with Korean-based Hanjin Heavy Industries and Construction (HHIC) to deliver a complete components package for a multi-purpose vessel.
Backhoe Dredger Sarb Inaugurated in the Netherlands
National Marine Dredging Company (NMDC) has just announced the inauguration of the backhoe dredger Sarb in the Netherlands. The inauguration comes as a part of NMDC’s international growth and fleet investment strategy which is aimed at positioning the company as a leader in the industry. The contrac
PD&MS wins modifications job on Spirit Energy’s facilities
UK engineering company PD&MS Group has been awarded a new three-year contract with options for a further three-year extension with Spirit Energy.
European shipowners: Investments in making fleet greener will no longer be possible after COVID-19
Investments in the reduction of air emissions from ships would no longer be possible in a post coronavirus world, European shipping companies said in a new survey report.
Korean HHIC Opts for Damen
Damen Shipyards Group has signed an agreement with Korean yard Hanjin Heavy Industries and Construction (HHIC) to deliver a complete components package. The package includes all equipment for oil recovery operations as well as a complete dredging installation. The multi-purpose vessel will primarily
Neptune abandons plan to buy Edison’s UK and Norway assets from Energean
Energean has agreed with Neptune Energy to terminate the agreement for Neptune Energy to acquire Edison E&P’s UK and Norwegian subsidiaries from Energean.
Ardent to wind down business after deciding not to take any new salvage work
Emergency management and wreck removal company Ardent, announced that it will no longer enter into new contracts from May 2020 on. The decision emerges five years after the company’s establishment in 2015, following the merger of Svitzer Salvage and Titan Salvage. Over the past five years, Ardent ha