Business & Finance
Wasa Dredging Busy in Kokkola, Finland
Wasa Dredging, a Finnish water construction company, has just released this amazing photo from the Kokkola Harbor and Fairway Deepening Project in Finland. Under the contract, signed in late July 2018, Wasa is responsible for dredging of the harder materials and heavily polluted soils, drilling and
Peab Wins Horten Contract, Dredging Included
Peab has won a $13.1 million Horten Municipality contract to clear, clean and construct a new seabed in the Horten harbor basin, Norway. “The project was interesting from a technical, environmental and societal perspective and it inspired us to do other such work. Therefore I’m very proud and please
ORE Catapult Launches Offshore Wind Tech Accelerator
Offshore Renewable Energy (ORE) Catapult has launched a new accelerator program focused on the commercialization of new technologies for the UK’s offshore wind supply chain. The Launch Academy is a national technology accelerator program designed to support innovative SMEs to commercialize technolog
Navios Acquisition Repays USD 196.8 Mn of Debt
With sale-and-leaseback, commercial bank debt and cash, the company extended debt maturities through 2027.
Danes Plan Kriegers Flak Final OK in Early 2020
The Danish Energy Agency (DEA) is planning to grant the final approval for Vattenfall’s Kriegers Flak offshore wind project in January 2020. DEA has initiated a public consultation period regarding the project’s supplement environmental impact assessment (EIA) report. Relevant authorities and the pu
Danes Plan Kriegers Flak Final OK in Early 2020
The Danish Energy Agency (DEA) is planning to grant the final approval for Vattenfall’s Kriegers Flak offshore wind project in January 2020. DEA has initiated a public consultation period regarding the project’s supplement environmental impact assessment (EIA) report. Relevant authorities and the pu
Expro Welcomes New CFO
Oilfield services company Expro has appointed Quinn Fanning as chief financial officer. Fanning brings a breadth of financial leadership and executive management experience through his time as CFO of a public company and an investment banker. In his most recent position as executive vice president a
Equinor Looking to Bundle Two Offshore Wind Extensions
Equinor is looking to develop the Dudgeon and Sheringham Shoal offshore wind extension projects as a single project with an integrated grid option. Equinor revealed the plan in the Scoping Report which supports a request for a formal Environmental Impact Assessment (EIA) Scoping Opinion from the Pla
REV Ocean Picks Up Kystdesign ROV
REV Ocean has acquired the Supporter 6000 ROV from Kystdesign in Aksdal, Norway. The ROV will be one of the most important tools used to achieve the core scientific goals of the REV Ocean research vessel. REV Ocean, will be equipped for conducting missions that cover the entire marine ecosystem. The
Aker BP posts loss in 3Q. Oil output below expected due to Valhall delays
The Norwegian oil company Aker BP has posted a net loss for the third quarter, and a below expected production due to delays in the Valhall field well stimulation program.
Helix Boosts Quarterly Profit
Helix Energy Solutions has reported net income of $31.6 million, or 21 cents per diluted share, for the third quarter of 2019 compared to $27.1 million or 18 cents for the same period in 2018. Sequentially, profit almost doubled from $16.8 million of 11 cents per diluted share. Third quarter revenue
Neptune Marine Taking Part in the Tilbury2 Project
Neptune Marine – specialized provider of marine solutions in the Netherlands – is taking part in a major port expansion project near London, UK. The provider of charter equipment delivered barges to UK-based construction firm GRAHAM for the expansion of Tilbury2. The Port of Tilbury, one of the UK’s
MSC’s Messina Acquisition Gets Go-Ahead from Italian Regulator
MSC receives the green light from the Italian Competition Authority to acquire a minority stake in Ignazio Messina.
Two More Sovcomflot Tankers Wrap Up NSR Voyages
Lomonosov Prospect and Mendeleev Prospect crossed the full length of the NSR using only cleaner-burning fuel.