Business & Finance

APM Terminals Restarts Poti Port Expansion Permit Process
APM Terminals Poti has officially re-initiated the process of obtaining the necessary permits with a firm intention to build the new deep-water multipurpose port in Poti, Georgia. On February 11, 2020, APM Terminals submitted application to the Technical and Construction Supervision Agency to obtain

HitecVision bundles 20 oil & gas firms to expand into other sectors
Norwegian investment firm HitecVision has decided to put together 20 of its oilfield service companies into a new industrial group.

MSC, Maersk Partner Up with SM Line on Transpacific Route
Maersk and MSC, which together form the 2M Alliance, have found a new South Korean partner.

Keel Laid for New Swedish-Finnish Ferry
Rauma Marine has held a keel-laying ceremony for Aurora Botnia, a new ferry being built for Kvarken Link.

Final Call to Apply for Marine Energy Alliance Support
Marine Energy Alliance (MEA) 2nd Call for Applications is closing on Friday – February 14, 2020. MEA aims to progress the technical and commercial maturity level of early-stage (TRL 3 – 4) marine energy technology companies with the overall goal of reducing the risk of device failure in subsequent d

Reach Subsea Stays Busy
Norwegian contractor Reach Subsea said it has been awarded several contracts and call-offs under frame agreements for 2020 execution, representing about 200 project days. The projects involve both inspection, survey and light construction work across Europe and America, for operators in the oil & ga

Former Great Grimsby MP Becomes RenewableUK Deputy CEO
RenewableUK has appointed the former Member of Parliament for Great Grimsby Melanie Onn as the new Deputy Chief Executive Officer.

Well-Safe Hires Schlumberger for P&A Work
Well-Safe Solutions has awarded a contract to Schlumberger for the provision of plug and abandonment well services. The scope includes the supply of cementing service, wireline services, wellbore fluid services and fishing, milling and swarf recovery services. The work will be aboard the company’s f

RenewableUK Gets New Deputy Chief Executive
RenewableUK has appointed the former MP for Great Grimsby Melanie Onn as the organisation’s new deputy chief executive. Onn will begin her role on 9th March. In her new role as Deputy CEO, she will focus particularly on public speaking and media work. She will also lead on helping our supply chain m

DP World Takes Majority Stake in Ukrainian Container Terminal
DP World is to acquire a majority stake in TIS Container Terminal in the Port of Yuzhny, Ukraine.

ConocoPhillips extends Bristow contracts in North Sea
Bristow Group has been awarded extensions to two contracts with ConocoPhillips to support its air transportation crew change and shuttle/search and rescue (SAR) services for the Greater Ekofisk Area in the North Sea.

Reach Subsea sees ‘unprecedented level of visibility’
Reach Subsea has been awarded several contracts and call-offs under frame agreements for 2020 execution, representing about 200 project days.

Ashtead Supports Northern Lights CCS Project
Subsea equipment solutions specialist Ashtead Technology has completed subsea installation monitoring work to support the Northern Lights Carbon Capture Storage project (CCS) in the North Sea. Developed by Equinor in partnership with Shell and Total, the Northern Lights project is the first of its k

Well-Safe taps Schlumberger for well services in North Sea
Well-Safe Solutions has awarded a “significant work scope” to Schlumberger for the provision of plug and abandonment well services in the North Sea.