Business & Finance
Premier Oil’s largest creditor opposes plan to extend debt maturity, buy North Sea assets
Premier Oil’s largest creditor is opposing the oil company’s plan to extend its debt maturity and acquire UK North Sea assets from BP and Dana Petroleum, claiming the company’s high-risk strategy will only increase risk for stakeholders.
Maersk Tankers Announces Digital Business Spin-Off
Maersk Tankers is launching a new standalone digital business.
Poten: Unipec Top Charterer of 2010s
Unipec top charterer of the last decade, with an ever-growing market share in reported dirty spot fixtures.
Tarmac Marine Opts for SMS Southampton
SMS Southampton, part of The SMS Group, has completed a significant dredger refit job for Tarmac Marine. The refit involved the 72 meter, 1997-built aggregate dredger ‘City of Chichester’ and was successfully wrapped up at Williams Shipping’s berths in the Western Docks, port of Southampton UK. The
New CEO for Ocean Installer
Ocean Installer has appointed Odd Strømsnes as the company’s new CEO. Strømsnes was most recently managing director at TIOS, a Technip FMC and Island Offshore joint venture. He was also managing director for Technip Norge from 2010 to 2016. Interim CEO Kevin Murphy will continue as deputy CEO. “We a
DEME Sets Up SeaMade Foundations
Dredging, Environmental and Marine Engineering (DEME) has completed the installation of 58 monopile foundations and two offshore substation foundations at the SeaMade offshore wind farm in the Belgian North Sea. Installation works kicked off in September 2019 with DEME’s offshore installation vessel
EDS HV Opens New Office in Stafford
EDS HV, a high voltage engineering solutions provider to the renewables industry, has expanded operations with the opening of a new Midland’s office in Stafford. The new Midlands location means greater geographical coverage, providing a central meeting place that saves time for both clients and EDS.
Premier expands in UK North Sea through BP and Dana deals
Premier Oil has made agreements for acquisitions of the Andrew Area and Shearwater assets from BP for $625 million, and an additional 25 percent interest in the Premier-operated Tolmount Area from Dana for $191 million plus contingent payments of up to $55 million.
FinCo Fuel Acquires Controlling Stake in Biofuel Company GoodFuels
FinCo Fuel Group takes a majority stake in GoodNRG, a compatriot holding company of renewable fuels pioneer GoodFuels.
2020: New Year, New Call and New Opportunities
The Second Call for Applications of the Marine Energy Alliance (MEA) has opened as of January 01, 2020. Are you looking for support? Get yourself prepared to join this call. MEA aims to progress the technical and commercial maturity level of early-stage (TRL 3 – 4) marine energy technology companies
New boss to take the helm at Ocean Installer
Ocean Installer has appointed Odd Strømsnes as the company’s new chief executive officer.
UK’s oil and gas regulator makes three new appointments
UK’s oil and gas industry regulator, Oil and Gas Authority (OGA), has made three new appointments to its leadership team.
Alpha Adriatic Sells Detained Tanker
Alpha Adriatic has reached an agreement with an international banking syndicate to sell a detained tanker.
Norden Bets on Tankers as It Sets Sights on IMO 2020 Opportunities
Norden A/S is starting 2020 with a bolstered tanker fleet.