Business & Finance
CMA CGM Crew Member in Isolation Awaiting Coronavirus Testing
Crew member on board CMA CGM Marco Polo in isolation.
Polarcus readies cost reduction plan to mitigate uncertainty facing seismic market
Polarcus has come up with a $15 million cost reduction plan to navigate the current uncertainty facing the marine seismic acquisition market due to the combined impacts of the COVID-19 pandemic and oil price volatility.
Ocean Installer Names New CFO
Ocean Installer has appointed Ingrid Due-Gundersen as the new chief financial officer. Ingrid Due-Gundersen has worked for the Leif Höegh & Co group for her whole career. She joined Höegh Fleet Services in 2002 as a summer intern and worked within the group in various positions ever since she was em
Polarcus readies cost reduction plan to mitigate uncertainty facing seismic market
Polarcus’ cost reduction plan includes redundancies, reduction of base salary and capex, and warm-stacking the vessels in between jobs.
Wintershall Dea hires Applied Petroleum for geochemical analyses
German oil and gas company Wintershall Dea has awarded a global frame agreement to Applied Petroleum Technology (APT) for the supply of geochemical analyses for the company’s E&P efforts around the world.
AGS Welcomes Haugestad as CFO
Norwegian ocean bottom node seismic player Axxis Geo Solutions (AGS) has appointed Nils Haugestad as the company’s chief financial officer (CFO). Haugestad comes from Seabird Exploration where he held the position as CFO over the last six years and was instrumental in the refinancing of the company
Ocean Installer elects new chief financial officer
Norwegian subsea contractor Ocean Installer has appointed a new chief financial officer (CFO) of the company.
Former SeaBird man takes CFO role at Axxis Geo Solutions
Axxis Geo Solutions (AGS), a Norwegian ocean bottom node seismic company, has appointed a new chief financial officer (CFO) and chief commercial officer (CCO).
COVID-19 Measures: Wärtsilä to Cut Board of Mgmt’s Salaries by 20 Pct
COVID-19 measures: Wärtsilä is to temporarily cut the fixed salaries of its board of management by 20 pct.
Port of Cres Upgrade Works Move Ahead
Reconstructing and upgrading operations on the western section of the Port of Cres are being carried out as planned, with almost 50% of the planned work being completed to date, local media reports. All engaged in the project are complying with the COVID-19 protection measures, the port authority in
Emergency USD 1.23 Mln Fund to Support Seafarers Impacted by Covid-19
ITF Seafarers’ Trust launching a USD 1.23 million fund to address the impact of the pandemic on seafarers.
Euronav Braces for Write-Down amid Compliant Fuel Price Drop
Euronav expects a write-down in the first quarter of 2020 amid VLSFO price drop.
Coor inks extension for offshore facility management with Equinor
Norwegian oil major Equinor has extended its offshore agreement with facility management provider Coor.
Siemens Gamesa freezes production at Hull factory
Siemens Gamesa Renewable Energy has paused production at its blade factory at Alexandra Dock in Hull, UK, following the COVID-19 outbreak and subsequent governmental recommendations.