Business & Finance
Repsol to make use of one-well option for Maersk drillship
Repsol has exercised a one-well option under its contract for the Maersk Drilling-owned drillship Maersk Valiant for operations offshore Mexico.
Lower dayrates and higher expenses drag Maersk Drilling into the red
Danish offshore driller Maersk Drilling recorded a net loss in 2019 and a decrease in revenues due to lower dayrates and higher financial expenses compared to the previous year.
Titan LNG Wraps Up 1st STS LNG Bunkering in Port of Antwerp
Dutch LNG supplier Titan LNG has completed the first ship-to-ship (STS) LNG bunkering in the Port of Antwerp, Belgium.
Prysmian Relaunches 100Pct Recyclable P-Laser Cable
Italian subsea cables giant Prysmian said it is relaunching its P-Laser cable as the first 100% recyclable, eco-sustainable, high-performance cable technology based on a zero-emission process that reduces CO2 emissions by 40%. According to Prysmian, P-Laser is fully compatible with existing cables a
Expansion Plan Presented for Poti Sea Port
APM Terminals Poti has presented its plans for the creation of a deep-water port to the Government of Georgia. The plans require an investment of over $250 million of private capital for phase 1 and a substantial amount for phase 2 in an extensive development of the port infrastructure and superstru
Kings Mill Reservoir Dredging Underway
Major works are reshaping the visitor experience at Kings Mill Reservoir in England, Ashfield District Council said in its latest announcement. Ashfield District Council and partners including Nottinghamshire County Council and Mansfield District Council secured funding from The National Lottery Her
Kiel Canal Widening Contract Awarded to DEME
DEME has been awarded a contract for the widening of the Kiel Canal in Germany.
Vattenfall’s Offshore Wind Production Spikes in 2019
Vattenfall’s offshore wind farms generated 6.8 terawatt-hours (TWh) of electricity in 2019, a near 31 percent increase compared to 5.2TWh generated in 2018. The increase was mainly attributed to the full commissioning of the 407MW Horns Rev 3 wind farm in the Danish North Sea. Vattenfall’s operating
Vattenfall’s Offshore Wind Production Spikes in 2019
Vattenfall’s offshore wind farms generated 6.8 terawatt-hours (TWh) of electricity in 2019, a near 31 percent increase compared to 5.2TWh generated in 2018. The increase was mainly attributed to the full commissioning of the 407MW Horns Rev 3 wind farm in the Danish North Sea. Vattenfall’s operating
EC and EIF Set Up €75M BlueInvest Fund
The European Commission is partnering with the European Investment Fund, part of the European Investment Bank Group (EIB), to launch a €75-million equity investment fund for the blue economy (BlueInvest Fund). The BlueInvest Fund will be managed by the European Investment Fund and will provide finan
Aibel to work on Equinor’s giant FPSO in Brazil
Japan’s MODEC has awarded Aibel a letter of intent in connection with MODEC’s supply of a newbuilt FPSO to Equinor for the Bacalhau field in Brazil.
Engie Fabricom Joins England’s NE Offshore Wind Cluster
Engie Fabricom has joined Energi Coast, the North East of England’s Offshore Wind Cluster.
JV Including DEME Wins Kiel Canal Contract
DEME has won a contract as part of a joint venture for the widening of the Kiel Canal in Germany. Works started in January 2020 and will run until the end of 2023. The Federal Waterways and Shipping Administration, represented by the WSA Kiel-Holtenau, commissioned the joint venture with the constru
Uptime to provide access solutions for BP’s Tortue Ahmeyim project
Norway’s Uptime International has been awarded a contract from Eiffage Génie Civil Marine for the supply of access solutions for the LNG Hub Marine Terminal for BP’s Greater Tortue Ahmeyim LNG project offshore Mauritania and Senegal.