Business & Finance
Baron Oil in reverse takeover of Singapore-based E&P company
UK-based oil and gas company Baron Oil has made a move to acquire a Singapore-based private E&P company, SundaGas, in a reverse takeover transaction.
DEME Group: Milestone for RijnlandRoute Project
DEME Group, together with their Comol5 partners VINCI Construction Grands Projets, Mobilis TBI Infra and Croonwolter&dros, has announced a new milestone in the tunnel workers at the RijnlandRoute project in the Netherlands. The first 1,000 meters of the bored tunnel are excavated, another 1,250 mete
SPO to Shut Down Swire Seabed in Norway
Swire Pacific Offshore (SPO) said it will be closing its Norwegian wholly owned subsidiary, Swire Seabed, and its three associated companies, namely Swire Seabed Subsea, Swire Seabed Shipping and Swire Seabed Sea. This change will take effect from the end of February 2020. SPO’s managing director, P
i-Tech 7 Supports Borr Drilling in North Sea
i-Tech 7, Subsea 7’s Life of Field business unit, has completed an underwater inspection in lieu of dry-docking (UWILD) project for Borr Drilling in the North Sea. Borr Drilling required a hull inspection for its Paragon MSS-1 mid-water semi-submersible, to meet ABS intermediate survey certification
JDR to supply cables for wind project to power oil and gas platforms
JDR Cable Systems, part of the TFKable Group, has signed a contract with Equinor for the Hywind Tampen offshore wind farm development.
Swire Pacific to close Swire Seabed’s operations in Bergen
Swire Pacific Offshore will be closing its wholly-owned subsidiary, Swire Seabed, and its three associated companies in Bergen, Norway.
IMO’s GreenVoyage-2050 Project Gets USD 4.3 Mn Boost from Norway
Norway provides an additional NOK 40 million (USD 4.3. million) to the IMO-Norway GreenVoyage-2050 project.
Higher Volumes, Better Rates Push Hapag-Lloyd’s Earnings Up
For the first nine months of 2019, Hapag-Lloyd’s net result jumped to EUR 297 million from EUR 13 million a year earlier.
AG&P Invests in Kanfer Shipping to Make LNG More Accessible
The parties would offer LNG supply, transportation, floating storage, and LNG shipping for downstream distribution.
Gasum Acquires Linde’s LNG-Related Businesses
Gasum is to acquire AGA’s Clean Energy and Nauticor’s Marine Bunkering businesses from Linde AG.
Dredging Part of Luka Koper Expansion
Luka Koper, Slovenia, has started this year a series of major investments aimed at increasing capacity especially on the Container and at the Car & RO-RO terminal. According to the company, intensive construction works are going on various locations around the port. One of the main projects is the e
HR Wallingford: New Service for Managing Environmental Impacts of Dredging
Dredging companies are able to better plan their schedules in advance thanks to a new service which can provide improved forecasting of sediment plumes caused by dredging, HR Wallingford said in its latest announcement. The service enables dredging contractors to improve their ‘adaptive management’
ACE Winches Gets Additional Balmoral Boost
Balmoral recently made a seven-figure investment in ACE Winches which will be used to strengthen ACE’s equipment fleet. The investment follows Balmoral’s previous boost of some £10 million at ACE Winches in 2017, aimed at expanding its international reach in the offshore heavy lifting, renewables an
China’s COSCO Sets Up New Company for Intra-Europe Services
The new company would be better positioned to respond to market needs, COSCO said.