Business & Finance
Innovation Award for Runswick Bay Scheme
Dr Alice Hall has won the Innovation Award at the CIRIA BIG Biodiversity Challenge Awards for her research in coastal infrastructure and defences. Bournemouth University (BU) ecologist worked with Scarborough Borough Council and University of Hull (Dr Sue Hull) on a scheme to protect houses and coas
Valaris nets $245 million in revenue backlog with new rig gigs
Valaris, previously known as EnscoRowan, has secured new contracts and contract extensions with associated revenue backlog of approximately $245 million.
Alpha Adriatic: Banks Detain Croatian Tanker in Malaysia
Alpha Adriatic, former Uljanik Plovidba, informed that creditors detained one of its tankers in Malaysia.
US Sanctions on COSCO Companies Hit US-Listed Teekay
The sanctions are affecting Teekay’s Yamal LNG joint venture.
InfraStrata Buys Harland and Wolff
The UK-based InfraStrata has entered into an agreement to purchase the principal assets of Harland and Wolff Heavy Industries Ltd and Harland and Wolff Group Plc from administrator BDO NI. Under the GBP 6 million acquisition, InfraStrata will take over a multi-purpose fabrication facility, quaysides
Apollo Asset Provides New Credit for Hunter Tankers
Hunter Tankers signed a USD 15 million revolving credit facility agreement with Apollo Asset.
RWE takes over E.ON’s renewable energy assets
E.ON has transferred its renewables business, E.ON Climate & Renewables, to RWE as part of the transaction to acquire and integrate innogy. Back in March 2018, RWE and E.ON entered into an agreement by which E.ON is taking over RWE’s 76.79% stake in innogy, whereas RWE is obtaining among other thing
Wintershall Dea sheds infrastructure assets in Norway to focus on upstream
Wintershall Dea has agreed to sell its 5.0304% interest in the Nyhamna terminal to CapeOmega and its 13.255 % interest in the Polarled pipeline to Solveig Gas Norway.
Exmar Gets Extension of USD 30 Mn Bridge Loans
The company has still not reached an agreement with Sinosure the partial release of the debt service reserve account.
Providence free to pursue other partners for Barryroe
Following months of delays and several extensions, Irish Providence Resources has not received any funds from APEC for the Barryroe license off Ireland and it has not agreed any further extension. APEC no longer has exclusivity over the license and Providence is free to pursue other partners.
Damen DOP Pump Put to the Test in Italy
Sales Construzione s.p.a. has used Damen DOP on wire crane to mine sand from the sea and replenish Tuscan beach in the Gulf of Follonica, Italy. The Gulf of Follonica is situated on the Mediterranean coast. As the autumn and winter storms have resulted in heavy coastal erosion over the past few year
One Bourbon Rhode Crew Member Confirmed Deceased
One of the missing crew members from the sunken Bourbon Rhode was confirmed deceased, Bourbon said.
Selkie Project Marks Official Launch at OEE2019
The recently announced Selkie project aiming to boost the marine energy industry in Wales and Ireland has been launched by Lesley Griffiths AM, the Welsh Minister for Environment, Energy and Rural Affairs at this year’s Ocean Energy Europe conference in Dublin. A €4.2-million Selkie project is funde
Euroseas Finds Work for Its Only Non-Feeder Unit
The 5,600 TEU container vessel was hired for ten to thirteen months at a daily rate of USD 16,500.