Business & Finance
SeaBird Sinks Deeper on Project Delays
Oslo-listed SeaBird has seen its quarterly loss widened for the period ended June 30, 2019 as revenues picking up was offset by higher costs and delays on two previously announced seismic acquisition campaigns. The seismic data provider for oil and gas companies posted loss of around $6.6 million fo
Eagle Bulk Relocates European Office to Copenhagen
Eagle Bulk will relocate from its existing base in Hamburg.
Heerema Taps Balltec for North Sea Decom Project
Balltec has recently been awarded a contract by Heerema Marine Contractors (HMC) for work on the decommissioning and removal of a large platform with conductors in the North Sea. Balltec’s scope of supply comprises 18 of its LiftLOK ball and taper lifting connectors. The connectors will be used for
Neste Unveils New IMO 2020-Compliant Marine Fuel
The product will be available in Northwest Europe.
Rosenberg Worley Inks Vår Energi EPCI Deal
Vår Energi has awarded an EPCI (engineering, procurement, construction and installation) contract to Rosenberg Worley in Stavanger, Norway. The contract encompasses the lifetime extension of the Jotun floating production storage and offloading vessel (FPSO), enabling oil and gas production from the
Oceaneering Gets Lundin Wellhead Removal Job
Oceaneering has secured a contract from Lundin Norway covering the removal of the Jorvik subsea well in Norway, with options for additional wells. The removal project, which is part of an ongoing rig chase multi-client campaign, is expected to begin this fall and take 3-4 weeks to complete. Contract
Hunting acquires riser technologies manufacturer
Hunting PLC has completed the acquisition of the business and assets of RTI Energy Systems (RTIES) for a total cash consideration of $12.5 million.
JFD Adds Dutch Submersibles Maker Ortega
JFD, part of James Fisher and Sons, has acquired all the assets, IP and designs rights of Ortega Submersibles, the Netherlands-based submersible boat designer and manufacturer. The acquisition will enable JFD to expand further its offering of advanced Swimmer Delivery Vehicles (SDVs) and to develop
Gibraltar Releases Seized Iranian Tanker Grace 1
The officials have revoked the vessel’s earlier specified detention with effect from August 15.
Xodus adds consultants to subsea integrity team
International energy consultancy Xodus Group has appointed two principal consultants to its subsea integrity management team.
Vår Energi hands out Jotun FPSO life extension job to Rosenberg Worley
Norwegian oil and gas company Vår Energi has awarded an Engineering, Procurement, Construction and Installation (EPCI) contract to Rosenberg Worley in Stavanger, Norway.
Work Begins on AIDA Cruises’ New LNG-Fueled Ship
German shipbuilder Meyer Werft has cut the first steel for the next cruise ship for AIDA Cruises.
CTM Supramax Pool Grows to 70 Bulkers
CTM has welcomed seven more vessels to its Supramax Revenue Sharing Agreement (RSA).
Golden Ocean Sinks Deeper into the Red
The company recorded a net loss of USD 33.1 million during the second quarter of 2019.