Business & Finance
Deep Casing Tools Appoints New Product Line Manager
Aberdeen-based well technology company, Deep Casing Tools (DCT), has bolstered its capability in the plug and abandonment (P&A) sector with the appointment of Alan Glen as product line manager for Casing Recovery Systems. This new position has been created to focus on bringing DCT’s highly anticipat
Wes Amelie to Become 1st Ship Partially Running on Synthetic Natural Gas
The container vessel Wes Amelie will be the first ship partially running on synthetic natural gas.
Brighton Students Tour Elmer Coastal Defense Scheme
Students from the University of Brighton have paid a visit to a coastal defense scheme in the West Sussex village of Elmer, where works recently got underway. The Elmer Coastal Defense Scheme is being carried out by Mackley, working as part of Team Van Oord, on behalf of the Environment Agency, Arun
Ørsted’s East Coast Community Fund Achieves Milestone Round
Ørsted has allocated grants from the sixth round of its East Coast Community Fund, marking a milestone with the total funds awarded exceeding the million pound mark. The East Coast Community Fund was launched in December 2016 as part of Ørsted’s community engagement program for its Hornsea Project O
Maersk plans low-emission upgrade for jack-up rig ahead of Aker BP extension
Maersk Drilling has secured a contract extension offshore Norway from Aker BP for the ultra-harsh environment jack-up rig Maersk Integrator.
Subsea 7 Profits Fall; Expects to Bounce Back in 2020
Engineering and construction specialist Subsea 7 has seen its profit slip in the quarter ended September 30, 2019 as activity drop continues in renewables and heavy lift business units. The Oslo-listed firm posted quarterly profit of $42 million, or $15 cents per diluted share, on revenue of $951 mi
GE Officially Inaugurates Cherbourg Blade Factory
GE Renewable Energy has officially inaugurated the LM Wind Power blade factory in Cherbourg, France. The facility will provide the manufacture of the 107m long blades for the Haliade-X 12MW offshore wind turbine, as well as other blade models. According to GE, production started in early 2019 and fi
GE Officially Inaugurates Cherbourg Blade Factory
GE Renewable Energy has officially inaugurated the LM Wind Power blade factory in Cherbourg, France. The facility will provide the manufacture of the 107m long blades for the Haliade-X 12MW offshore wind turbine, as well as other blade models. According to GE, production started in early 2019 and fi
Subsea 7 profit and revenues down on lower pricing and activity levels
Subsea 7 saw a decrease in revenues in the third quarter of 2019 due to lower activity levels in the Renewables and Heavy Lifting business and a smaller profit due to lower pricing and competitive market environment.
Hafnia to Collect USD 230 Mn from Oslo Pre-Listing Offering
The offering price was set at NOK 25,45 (USD 2,77) per share.
Shearwater booked for seismic survey in Mediterranean
Shearwater GeoServices has been awarded a 3D seismic survey in the Eastern Mediterranean.
Lithuania’s KN Looking to Buy FSRU Independence
The company intends to agree financing for the acquisition of FSRU Independence by the end of April 2020.
MacArtney Tech for MMT
MacArtney has recently supplied the latest NEXUS MK C multiplexer to Swedish marine survey specialist MMT. The NEXUS MK C is the latest delivery in a series of seven multiplexers provided to MMT since 2018. Working in close collaboration with Reach Subsea, MMT ordered the customised NEXUS MK C conne
BC Ferries Orders Four More Battery Electric-Hybrid Units from Damen
Set for delivery in 2022, the ships are to be operated as all-electric ferries once charging technology matures.