Business & Finance
STL Bags Subsea Crossover and Stinger Contract
Aberdeen-based engineering company Subsea Technologies Ltd (STL) said it has recently secured a contract to build and supply a subsea crossover and stinger. The contract from an undisclosed client, set a challenging time schedule for delivery, however, STL said that this was overcome by its experien
CSSC, DNV GL Partner Up on Developing Future-Proof Solutions for Shipping
CSSC, the largest shipbuilding group in the world, enters into a new strategic partnership with DNV GL.
Tendeka Rolls Out Sand Control Solution for Failure in Wells
Tendeka has launched a new single trip sand control solution to address the issue of failure in wells . According to the company, the Filtrex remedial sand control system provides the flexibility to be installed thru-tubing, through the tightest of restrictions. Said to be the first of its kind, the
DFDS Expands Logistics Footprint with Huisman Acquisition
DFDS acquires 100% of the share capital of logistics company Huisman Group BV.
Tramarsa Opts for Damen
Peruvian maritime services provider Tramarsa has taken delivery of a Damen Cutter Suction Dredger (CSD) 450. Tramarsa will be providing the tools to its subsidiary company Salaverry Terminal Internacional (STI), which will be using the new vessel for maintenance dredging tasks in the Port of Salaver
Developing the Hybrid Powered Dredger
The technology group Wärtsilä has signed a strategic development agreement with Chinese state-owned shipbuilder CSSC Huangpu Wenchong Shipbuilding Company Limited Huangpu Wenchong. The five year agreement is aimed at the joint development of a hybrid powered dredger, but could possibly extend to oth
Tullow Oil shares tank as CEO and head of exploration exit
Shares in oil and gas company Tullow Oil tanked on Monday morning after the company announced the departure of its chief executive and exploration director as well as plans to reduce capital expenditures and suspend the dividend. Paul McDade, Tullow Chief Executive Officer, and Angus McCoss, Explora
Oldendorff Carriers Joins the Getting to Zero Coalition
Oldendorff Carriers becomes a member of the Getting to Zero Coalition.
XOCEAN Adds 4D Ocean
Ocean data company XOCEAN has completed the acquisition of 4D Ocean, a specialist autonomous hydrographic survey company. The announcement follows the news of XOCEAN’s €7.9 million funding round. 4D Ocean founder and CEO, Duncan Mallace, said: “Both companies have been growing together at an unprece
EU Gives Green Light to Nord/LB’s Recapitalization
The European Commission has found plans to strengthen the capital position of Nord/LB to be free of any state aid.
MSC to Use 30 Pct Biofuel Blends on Its Ships
MSC has committed to the usage of 30% biofuel blends.
Estonia and Latvia Plan Joint Offshore Wind Farm
Latvia and Estonia are planning to cooperate on developing a joint offshore wind farm in the Gulf of Riga. Latvia’s Minister of Economy Ralfs Nemiro and Estonian Minister of Economic Affairs and Infrastructure Taavi Aas met on 6 December to discuss the possible development of the offshore wind proje
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Work Starts on Arundel Defenses
The Environment Agency has started construction works on the Arundel tidal defense scheme (ATDS). According to the EA, construction of the new flood defense at River Road and Tarrant Wharf, and work to strengthen the river wall along Fitzalan Road, started in November 2019. This work will continue t