Business & Finance
Fluxys’ 2019 profit boosted by rising LNG terminal activity
Belgian gas infrastructure company and Zeebrugge LNG terminal operator, Fluxys, posted a rise in profit as the liquefied natural gas import facility reports record activity.
Tsakos: We are in uncharted territory, but we are experts in navigating things
The first two quarters of 2020 look very promising for the tanker markets, according to Nikolas Tsakos, President and CEO of Tsakos Energy Navigation (TEN). The estimate comes at a very turbulent time for tanker owners marked by oil price collapse after the fallout between Russia and OPEC countries
Linklaters advises Ørsted on Japanese offshore wind venture
Global law firm Linklaters has advised Ørsted on the strategic partnership with Tokyo Electric Power Company (TEPCO) to establish a joint venture company, Choshi Offshore Wind Farm K.K., in Japan. The special purpose company has been established with the intention to bid for the expected public auct
Clerc: 85 Pct of Maersk’s Global Office-Based Staff Work From Home
The number of Maersk employees working from home has increased considerably amid global lockdown measures.
CMA CGM Closes USD 815 Mn Sale of Eight Port Terminals to Terminal Link
CMA CGM has completed a first transaction related to the sale of eight port terminals to Terminal Link.
Royal IHC Welcomes New Product – the IHC Otter
Royal IHC has just announced that they are extending their dredging product family with new product, the IHC Otter. The IHC Otter is a range of compact dredgers as platform for deploying the well-known IHC TT-Pump, which provide customers with a compact, cost-effective solution to dredge slurry for
Eni defends balance sheet and dividend with huge capex and opex cuts
Eni has decided to reduce its capex and opex for this year and the next as a result of the coronavirus pandemic and the oil price war. The reductions are mainly related to Eni’s Upstream activities.
Eni defends balance sheet and dividend with huge capex and opex cuts
Italian oil and gas company Eni has decided to reduce its capex and opex for this year and the next as a result of the coronavirus pandemic and the oil price war.
Diana Shipping’s CEO Has COVID-19
Simeon Palios, chairman and CEO of Greek shipowner Diana Shipping, has tested positive for the coronavirus.
AGS North Sea contract cancelled
Norwegian ocean bottom node seismic company Axxis Geo Solutions (AGS) said it has received a cancellation on a small contract in the North Sea. The contract was scheduled to be executed in second quarter 2020. AGS had not previously announced this contract, however the company said it was communicat
Seatronics to Market OceanTools Subsea Dye Detection Tech
Seatronics has teamed up with subsea engineering firm OceanTools to promote the newly-launched D7 DyeTector subsea dye & leak detection system. The ROV-mounted OceanTools D7 DyeTector has a 6000m/20,000’ depth rating that uses high intensity LEDs to cause a dye to fluoresce. The emitted light from t
Over million oilfield jobs on the line due to oil price war and coronavirus, Rystad says
More than a million jobs in the oilfield service industry (OFS) are likely to be cut in 2020 due to low project volumes brought upon by the Covid-19 epidemic and the ongoing oil price war, a Rystad Energy impact analysis shows, also revealing that shale services will bear most of the reductions.
Twin Dyke – Building with Nature for Multiple Benefits
The obvious solution to a sea defense problem is usually the easiest one to accept, because it’s indeed so obvious. If a sea dyke is not strong enough for the consequences of future climate change, then it should be reinforced to meet the new requirements. However, beside an estuary on the southern
Damen Electrically Driven ECSD650 Ready for Delivery
Damen Shipyards Group is ready to deliver another vessel – this time it is the electrically driven cutter suction dredger ECSD650. In its latest announcement, the company said that following extensive tests at the Damen Dredging yard, the zero emission dredger can be handed over to its new owner. Th