Business & Finance
SBM Offshore Obtains USD 1.14 Bn Bank Loan for Liza Unity FPSO
SBM Offshore completes the project financing of FPSO vessel Liza Unity for a total of USD 1.14 billion.
PGS returns to profit amid improving market
Norwegian seismic services provider Petroleum Geo-Services (PGS) returned to profit in the third quarter of the year from a loss in the corresponding quarter of 2018 as its revenues received a boost amid improving market environment. Norwegian seismic services provider Petroleum Geo-Services (PGS) r
PGS Returns to Profit
Petroleum Geo-Services (PGS), has bounced back in black in the third quarter ended September 30, 2019, as revenues hiked close to 70 per cent from same time last year. The Oslo-listed seismic player reported quarterly profit of $31.5 million, or 9 cents per share on revenues of $276.5 million, again
Belships Hires Ultramax Newbuild
Belships has agreed a seven-year bareboat charter for a 61,000 dwt Ultramax bulk carrier newbuilding.
MDL Wraps Up Another NCS Campaign with TechnipFMC
Maritime Developments (MDL) has returned to the Norwegian North Sea for the third year running to support TechnipFMC tie-back campaign in the basin. MDL’s horizontal spread, including a 4-track tensioner mounted on the client’s frame, Third-generation Reel Drive System (RDS) and deck deflectors were
New Terra et Aqua Available
The International Association of Dredging Companies (IADC) has just released the latest edition of their Terra et Aqua magazine, introducing the following articles: Beneficial Use, an Expertise Exporter and Trenching Model. CEDA’s Working Group on Beneficial Use aims to inspire sediment stakeholders
IBM Joins Mayflower Autonomous Ship Project
Mayflower, a fully-autonomous ship, is planned to cross the Atlantic in September 2020.
Subsea Power Cables Market to Hit £1.1B by 2023
Subsea power cables market will grow by 57% from £717 million this year to over £1.13 billion by 2023, according to a new report by RenewableUK. According to RenewableUK’s Project Intelligence team which compiled the report, global offshore wind capacity will skyrocket from 20.5 gigawatts (GW) today
Aleron Names New Business Manager
Aleron Group, Aberdeenshire-based subsea firm, has appointed John Walker as new business manager. John will be looking at new business opportunities for some new product launches for the Aleron Subsea and IMPAQ Technologies product brands. He comes with a wealth of industry knowledge and experience
INSITE Project Launches Industry-Science Alliance
The INSITE Programme has launched a collaboration between offshore industries and researchers, designed to give marine scientists access to industry-acquired ecological data. INSITE is a scientific research programme to increase understanding of the influence of man-made structures on the ecosystem
More Success for Shoreham Adur Flood Scheme
The Shoreham Adur Tidal Walls Scheme which has significantly reduced flood risk to thousands of properties on the West Sussex coast has been recognized with a prestigious national award. The project, officially opened in March 2019, was crowned Climate Resilience Project of the Year at the British C
Interreg’s Largest Ever Project Gets Green Light
Interreg France (Channel) England Programme has approved the biggest ever Interreg project that will prove to be game-changing for the European tidal stream energy sector. The Tidal Stream Industry Energiser Project, known as TIGER, is an ambitious €45.4 million project, of which €29.9 million (66%)
Ocean Yield Acquires 2020 Bulkers’ Newbuild Pair with Long-Term Charter
Ocean Yield ASA is to acquire two 2020 Bulkers’ Newcastlemax newbuilds with a 13-year bareboat charter.
WiSub Joins Transmark Subsea Family
Transmark Subsea has combined forces with WiSub, to deliver unprecedented automation capabilities to the blue growth sector internationally. Both companies have been key equipment and service providers to underwater intervention drone (UID ) docking stations since 2018. These systems support subsea