Business & Finance
Shell profit nearly halved on weaker oil and gas prices
Oil major Shell nearly halved its profit in the last quarter of 2019 compared to the prior-year period due to lower oil and gas prices.
UK: Blocking Prosafe-Floatel merger ‘the only way to mitigate competition concerns’
Competition authorities in the UK have found that blocking a merger between offshore accommodation specialists Prosafe and Floatel may be the only way to mitigate competition concerns.
Subsea Integration Alliance Gets Brazil FEED Job from Equinor
Subsea Integration Alliance (Subsea 7 and OneSubsea) has won of an exclusive contract from Equinor for the front end engineering design (FEED) study on its Bacalhau (formerly Carcará) project, offshore Brazil. The Bacalhau field is located 185 kilometers from the coast of the State of São Paulo, in
Awilco eyes new gig for WilPhoenix rig
Awilco Drilling has signed a letter of intent with an undisclosed operator for the provision of WilPhoenix in support of a three well plug & abandonment program.
OTAQ Adds Marinesense
UK-based marine technology group OTAQ has completed the acquisition of Marinesense. Marinesense is the manufacturers of the OceanSENSE underwater leak detection and DragonFish precision laser measurement systems for the offshore energy industry. They are considered specialists in underwater optics,
Seiche Environmental Boosts Team
UK-based Seiche Environmental has strengthened its team with three key appointments within the business. Amanda Hyam, formerly Marine Wildlife Advisory and Ancillary Services Manager at GeoGuide Consultants, joins the business as associate director to enhance the team’s expertise operating in the oi
TechnipFMC charters Skandi Vitoria pipelay vessel
Oilfield services provider TechnipFMC has chartered the Brazilian-built pipe-lay support vessel (PLSV), Skandi Vitoria.
Hopper Dredger River Thames Passes Sea Trials
DEME Group’s latest addition to the fleet, the 2.300m³ trailing suction hopper dredger (TSHD) River Thames has successfully completed its sea trials in Southeast Asia. According to the company, the newbuild was successfully put to the test near the coast of Batam, Indonesia. The vessel is designed t
General Average Declared on Fire-Stricken Northern Jupiter
The ship experienced a main engine fire while it was sailing from Singapore to Port Klang on January 4, 2020.
CSAV Ups Stake in Hapag-Lloyd
CSAV has acquired an additional stake in Hapag-Lloyd, becoming the majority shareholder in the German shipping major.
Study: LNG as Marine Fuel not Such a Cool Choice?
Study: LNG might not reduce greenhouse gas emissions on a life-cycle basis.
Ofgem Probes Western Interconnector
Ofgem has launched an investigation into National Grid Electricity Transmission and SP (Scottish Power) Transmission for the delivery and operation of the Western high-voltage direct current (HVDC) subsea cable. The Western HVDC is a £1.3 billion subsea cable that transports electricity between Scot
Grant to Investigate Dredged Sediment as Building Material
A team of researchers from Utrecht University and NIOZ have won a grant from the NWO Topsector Water & Maritiem to investigate the potential of dredged harbor sediment as a carbon neutral resource for building materials. The team will investigate this in collaboration with the Port of Rotterdam, Roy
Tanker Revenues Boost Performance Shipping’s Earnings
Performance Shipping reported revenue growth in Q4 2019, which was mainly driven by tanker earnings.