Business & Finance
Dutch offshore contractor closes HQ to prevent coronavirus spread
Dutch offshore contractor Heerema Marine Contractors is closing its office in the Netherlands to prevent the spread of the coronavirus. HMC said on Friday that the Dutch government had issued guidance to slow down and prevent the spread of COVID-19 (Coronavirus). In response, Heerema Marine Contract
US Treasury Blacklists Another Rosneft Subsidiary over Venezuela Dealings
OFAC designated TNK Trading International S.A., a Geneva-based subsidiary of Rosneft.
Heerema Closes Dutch Office to Prevent Coronavirus Spread
Heerema Marine Contractors, a Dutch services provider for offshore oil and gas industry, has closed its Leiden office as a precautionary measure in regards to Coronavirus (COVID-19) spread. On Thursday, the Dutch Government issued guidance to slow down and prevent the spread of Coronavirus. “Our wor
Premier Oil mulls reduction in capex program amid oil price volatility
In light of the current market volatility, Premier Oil is looking into its ability to reduce the capex program for 2020 with the possibility to save at least $100 million.
Royal IHC Developing the Screening Technology
At the end of 2019, Royal IHC was awarded a contract for the design and delivery of two mining screen towers by the family-owned company Spaansen. The towers will be installed on the hopper dredger YED PRIOR. Spaansen is currently converting the GERD container vessel into a gravel hopper dredger wit
Jotun and Kongsberg Deliver New Hull Cleaning Solution
Jotun and Kongsberg Maritime have joined forces to develop a proactive hull cleaning solution called Jotun HullSkater. Jotun HullSkater, a green cleaning machine, is part of Jotun Hull Skating Solutions. This is the first solution developed for proactive bio-fouling control on ships and offers the p
Archer agrees extension of debt facilities with lenders
Archer has secured a consensual amendment and extension of its debt facilities with all the lenders to the company.
Coronavirus: DeepOcean Takes Precautionary Measures
Subsea services player DeepOcean has published guidelines and mitigating actions to safeguard its employees against the spread of COVID-19. The guidelines and mitigating actions enforced by the company are in line with the World Health Organisation’s recommendations and developed in collaboration wi
Princess Cruises Halts Global Operations for 2 Months in Response to Coronavirus Impact
Princess Cruises will pause global operations of its 18 cruise ships for two months.
Van Oord Signs MOU in Indonesia
PT Pengerukan Indonesia (the dredging subsidiary of IPC) and PT Van Oord Indonesia have a long track record of successfully executing projects together. The two parties have signed a MOU which aims to explore further cooperation and partnering on dredging projects in Indonesia, especially at the por
Apache responds to current challenging market by slashing spending
Apache Corporation has announced multiple actions in response to current challenges in the oil market featuring an oil price war between Saudi Arabia and Russia following the OPEC+ breakdown, the effect of the coronavirus outbreak on global oil demand, and the ‘historic’ plunge of oil prices this we
Ten IHC Beavers Offloaded in Egypt
Ten IHC Beaver cutter suction dredgers were offloaded in Egypt earlier this week, according to the company’s latest announcement. The company also added that the team of Royal IHC Middle East started the commissioning of the cutter suction dredgers for the Egyptian Ministry of Defense (MOD). “Our co
Work Underway on Latest Phase of Portsea Coastal Defense Scheme
Work is progressing well on the latest phase of a scheme which will reduce the risk of coastal flooding for more than 4,500 homes and businesses on Portsea Island. The £58m North Portsea Island Coastal Defense Scheme, which is being delivered by the Eastern Solent Coastal Partnership on behalf of Po
Samherji Ups Stake in Eimskip
Samherji Holding has expanded its holding in Icelandic shipping company Eimskip.