Business & Finance
Tonseth Resigns from AGS Board
Norwegian ocean bottom node seismic company Axxis Geo Solutions (AGS) has received notice of resignation from board member Tore Tonseth. Tore A. Tonseth was appointed director of AGS effective December 1, 2019. Tonseth is a Norwegian citizen with knowledge and experience from the financial industry.
Express Engineering Enjoys Subsea Equipment Sector Upturn
Subsea manufacturing specialist Express Engineering is investing in a new £3.5-million assembly and test facility near its Gateshead headquarters in the UK, expecting to create another 30 jobs. Since embarking on a refocused business strategy at the end of 2018, Express Engineering has seen revenues
All Set for Expansion Works at the Port of Sines
Following the signing of the contract for the East Breakwater enlargement project, the expansion works of the Port of Sines will begin, thus allowing the port to double the containerized cargo installed capacity. The works concerning the extension of the Port of Sines’ East Breakwater were awarded t
DOF Contract for Optimarin
Ballast water treatment specialist Optimarin has signed an agreement with DOF for the installation of 16 Optimarin Ballast Systems (OBS). The deal comes with an option to extend the contract to 50 vessels in total. This is Optimarin’s biggest single agreement in the offshore segment and will see the
Spotted: Virgin Voyages’ Newest Ship Delivered
Scarlet Lady was delivered to Virgin Voyages at the shipyard in Genoa Sestri Ponente on February 13.
Kvaerner profit dips despite higher revenues
Kvaerner saw its profit drop in the last quarter of 2019 compared to the prior-year period despite increase in revenues.
Scorpio Bulkers in Sale and Leaseback with Ocean Yield for Ship Trio
Scorpio Bulkers has decided to sell and leaseback three vessels to Ocean Yield.
Equinor awards new charter deals to Norwegian platform suppliers
Equinor has awarded charter contracts to two platform supply vessels owned by Eidesvik and Havila Shipping.
Total inks five-year deal for processing center with CGG
French marine seismic acquisition company CGG has won a contract renewal by Total for the continued operation of its Dedicated Processing Center (DPC) in Pau, France.
Creditors vote in favor of Premier’s North Sea deal despite objections
Premier Oil has gained approval from the majority of its creditors for the schemes of arrangement required for the acquisition of North Sea assets from BP and Dana Gas. The schemes still remain subject to a court approval.
Statkraft Eyes Site Survey for Irish Sea OWF Project
Statkraft Ireland subsidiary, North Irish Sea Array (NISA), is seeking permission to carry out marine site investigation surveys for the proposed offshore wind farm project in the Irish Sea. The marine surveys will include geophysical, geotechnical, metocean marine, ecological and archaeological sur
West African ERB CI Opts for REMU Excavators
A West African company called ERB CI placed a new order recently for four REMU Big Float amphibious excavators that will be mounted on the base of Volvo’s EC210B and Volvo’s EC210B LR. The company from Ivory Coast will be utilizing the REMU Big Float amphibious excavators to safeguard and develop th
IHC Partners with Trade Unions on Submarine Replacement Programme
Royal IHC and the trade unions FNV, CNV vakmensen.nl, RMU and De Unie have today signed a covenant within the framework of the programme for the replacement of the Dutch Walrus class submarines. In this covenant, the parties have agreed to intensively work together when Royal IHC and its French part
Belgica Makes a Splash
Oceanographic research vessel Belgica has been officially launched at Freire shipyard in Vigo. Belgica is the result of collaboration between the Royal Belgian Institute of Natural Sciences (RBINS), the Ministry of Defence and the Belgian Science Policy Office (BELSPO). Freire shipyard was awarded t