Business & Finance
Ultra Deep Solutions Lands Contract for DSCV Matisse
The vessel will be delivered in Q2 2020 on a contract said to be between $50 million – $250 million.
UK Ports’ Performance Not Hurt by Political Uncertainties in 2018
2018 data showed stable port freight tonnages overall, with only a 0.1% difference on the previous year.
IHC to Attend the Annual ‘Dredging in India’ Conference
Royal IHC has just announced that they will attend the annual ‘Dredging in India’ conference, which takes place at TC Maratha, Mumbai from 4-5 September. During this event, Jaco Kleijwegt (Area Sales Manager India) will give a presentation about Inland Waterway Dredging. The event is celebrating its
Boskalis Feels Offshore Wind Crunch
Dutch offshore services provider Boskalis has reported a significant decline in the operating result at the Offshore Energy division in the first six months of 2019 caused mainly by operational and contractual issues on a limited number of offshore wind cable projects. The operating result at the Of
Boskalis Feels Offshore Wind Crunch
Dutch offshore services provider Boskalis has reported a significant decline in the operating result at the Offshore Energy division in the first six months of 2019 caused mainly by operational and contractual issues on a limited number of offshore wind cable projects. The operating result at the Of
ADS Crude Carriers to Pay More for Scrubber Installations
The expected investment increased to around USD 6.5 million, from the previously guided USD 5.5 million per vessel.
Boskalis Reports Half-Year Results for 2019
Royal Boskalis Westminster N.V. today released half-year results for the period ending 30 June 2019, reporting total revenue of €1.27 billion. The company realized a net profit of €1.3 million in the first half of the year (H1 2018: negative €361.4 million). According to Boskalis, revenue in the fir
Forum Sells Ashtead Technology Stake
Forum Energy Technologies’ subsidiaries have entered into a definitive agreement to sell their 40% interest in subsea rentals company Ashtead Technology. The buyers of Forum’s interest are Buckthorn Partners and other investors that currently own the majority of the equity interests in Ashtead. Tota
Navios Acquisition Agrees Sale and Leaseback for 10 Ships
The transactions are expected to reduce Navios Acquisition’s debt by USD 33.4 million or 3% of outstanding debt.
C-Kore Supports Greater Guillemot Area IMR
C-Kore Systems has completed another successful deployment in the North Sea, on the Greater Guillemot Area field, with the help of the C-Kore subsea testing tools. Faulty elements in the subsea network were diagnosed and replaced within 24 hours of the start of the fault-finding campaign. The GGA ar
Wild Well Control Boosts Subsea Containment Portfolio
Wild Well Control, a Superior Energy Services company, has added a new 10,000 psi-rated capping stack to its WellCONTAINED group of subsea containment equipment. The 10,000 psi-rated (10K) stack is rated to water depths of 10,000 ft, and should play a vital role in supporting quick and effective ser
Bombora Establishes Strong Footprint in Wales
Going from strength to strength, now with twenty-four full time staff, Perth-born wave power company Bombora is thriving in its new welsh home. Pembroke Dock, with its enviable natural and industrial resources has been a key enabler in the rapid acceleration of Bombora’s full-scale technology valida
FMS Bags Mooring Deal from BP
Mooring equipment supplier First Marine Solutions (FMS) has secured a three-year contract with BP for its North Sea operations. Established in 2009, Aberdeen-based FMS started the contract in July this year. Steven Brown, managing director for FMS, said: “This award demonstrates our capability and c
Petrofac clinches three-year Forties contract with Ineos
UK’s oilfield services provider Petrofac has won a three-year contract from Ineos FPS for operations & maintenance support services.