Business & Finance
TORM Agrees Sale and Leaseback for Six Tankers
Danish tanker shipping company TORM enters into six new sale and leaseback transactions.
US Seeks to Block Release of Grace 1 in Gibraltar
Gibraltar was to lift the detention on the ship this morning.
Xodus Boosts Subsea Integrity Team
Xodus Group has appointed Djamel Hamel and Chris Overton as two principal consultants to its subsea integrity management team. Djamal Hamel has been appointed to the role of principal consultant, having previously worked within a senior pipeline position for six years at Spirit Energy, as well as en
New Armor Stone for Dorset Coast
SeaRock, a new joint venture between Aggregate Industries and Earlcoate construction, has completed delivery of armor stone to protect Dorset’s West Bay, for principle contractor BAM Nuttall. The project was part of a £9 million coastal defense project, funded by Defra, West Dorset Council and Wesse
GCE NODE: Norway Needs Targeted Offshore Wind Policies
The Global Center of Expertise (GCE) NODE has called on the Norwegian government to establish a national strategy with the right incentives to help kickstart the local offshore wind industry. According to Anne-Grete Ellingsen, CEO of GCE NODE, Norway needs to launch an industrial policy as other nat
Fourth Call for MaRINET2 Project Opens
The fourth call for the EU-funded MaRINET2 project, which offers free access to a world-leading network of testing and research infrastructures, has opened today and will last until September 30, 2019. The call is open to offshore energy technology developers, including offshore wind, wave and tidal
Subsea Innovation Wins with TechnipFMC Norway
Subsea Innovation, part of Tekmar, has won a contract with TechnipFMC in Norway, building the company’s market presence in the region. In 2018 Subsea Innovation developed a next-generation seal for their Pipe in Pipe Waterstops. Waterstop Seals provide a solution for isolating a section of flooded a
Teekay: Fourth Arc 7 Icebreaking LNG Carrier Delivered
Teekay has taken delivery of Vladimir Voronin, the fourth Arc 7 icebreaking LNG carrier.
SeaBird sinks deeper into the red
SeaBird Exploration sank deeper into the red in the second quarter of 2019 due to project delays and increased operating expenses.
Maersk Earnings Strengthen amid Recovery in Ocean Business
EBITDA was up 17% and cash flow improved 86% year on year, driven by continued recovery in Ocean business.
TGS Finalizes Spectrum Acquisition
TGS-NOPEC Geophysical has completed its acquisition of Spectrum, creating a global multi-client geophysical data provider. TGS first announced its intent to acquire Spectrum in May 2019. Completion of the acquisition and the merger plan has been registered with the Norwegian Register of Business Ent
MDL Supports i-Tech 7 North Sea Campaign
Maritime Developments (MDL) has completed a flexible installation project in the North Sea with i-Tech 7 – marking a return to the field two years after the original award. The work scope – part of i-Tech 7’s inspection, repair and maintenance (IRM) campaign West of Shetland – consisted of a deploym
Well-Safe awards contracts for rig upgrade into P&A unit
Well-Safe Solutions has awarded two multi-million-pound contracts to continue the refurbishment of the Well-Safe Guardian, the decommissioning company’s first asset, into a bespoke plug and abandonment unit.
Oceaneering gets wellhead removal job from Lundin
Oceaneering International has secured a contract from Lundin Norway covering the removal of the Jorvik subsea well in Norway, with options for additional wells.