Business & Finance
Delek CEO to resign after over 30 years of service
The current CEO of Israel’s Delek Group has decided to retire from the company after serving in various functions at the company for more than 30 years.
Dredging the River Parrett VIDEO
Dredging of the River Parrett on the Somerset Levels is a major spectacle. See how it’s being done for Somerset Rivers Authority by the Parrett Internal Drainage Board and contractors WM Longreach in this short video. The work is reducing flood risks for up to 200 properties across a wide area. The
DOP150 Proves Success in Tangguh, West Papua
Damen has just released this very interesting story about their recent dredging project in the far east of Indonesia, where amphibious excavator turns into dredger instantly on a harbor maintenance task. At Tangguh, West Papua, the harbor had to be made accessible for vessels bringing in the equipme
ORE Catapult Sharing Hywind Scotland Operational Data
Equinor and Masdar have joined forces with Offshore Renewable Energy (ORE) Catapult to share operational data from the Hywind Scotland floating offshore wind farm. The floating offshore wind data is available for supply chain businesses and academia through ORE Catapult’s Platform for Operational Da
Red Ink for DOF Subsea
DOF Subsea, a wholly-owned subsidiary of DOF Group, reported loss in the third quarter of 2019 of NOK 1.09 billion ($119 million), compared to loss of NOK 98 million ($10.7 million) in the corresponding period in 2018. Year-to-date result for 2019 came out negative, with loss of NOK 1.1 billion ($12
Wintershall Dea sees production growth, decides to spend less
German oil and gas company Wintershall Dea boosted its production during the third quarter of 2019 and increased guidance for the full year. The company has also decided to reduce capex for the full year by 100 million euros. DEA Deutsche Erdoel and Wintershall Holdings completed their merger agreem
Monjasa Boosts Credit Facilities ahead of IMO 2020
The company is securing “flexibility to navigate the volatile oil and shipping markets.”
Maersk Drilling gets more work for jack-up and drillship
Danish offshore drilling contractor Maersk Drilling has secured more work for a jack-up rig and a drillship offshore the UK and Africa, respectively.
Deep Casing Tools Teams Up With Paschoalin in South America
UK-based oil and gas technology development firm, Deep Casing Tools (DCT), has strengthened its footprint in the South American market with the appointment of a Brazil-based partner, Paschoalin Consultoria em Engenharia. The company will represent Deep Casing Tools within the region and act as a sal
CMA CGM Raising USD 2 Bn through Sale of Vessels, Terminal Stakes
The company is raising cash to finance its acquisition of CEVA Logistics.
MSC: LNG Not a Feasible Option due to Lack of Bunkering Facilities
LNG is not a viable option for container shipping giant MSC due to limited bunkering facilities at ports.
Dredging Seminar Starts in Mumbai
The International Association of Dredging Companies (IADC) has just announced that the 59th International Seminar on Dredging and Reclamation is now underway in Mumbai, India. The seminar, taking place from November 26 – 28 at the Radisson Mumbai Andheri MIDC, will bring together decision makers and
Stolt Tankers Signs Sale, Leaseback Deal for 20 Vessels
Stolt Tankers has entered into a sale and leaseback agreement for 20 chemical tankers with CMB Financial Leasing.
Work Begins on the Next Stage of North Portsea Island Scheme
The next stage of the North Portsea Island Coastal Defense scheme is now underway, according to the Eastern Solent Coastal Partnership (ESCP). As reported, work on the first stage, Kendall’s Wharf, began on 25th November 2019 and will continue until Spring 2020. This will include the construction of