Business & Finance
WFS Adds New Chief Technology Officer
WFS Technologies has appointed Jim Darroch as a new chief technology officer to drive its evolving product portfolio and software development roadmap. Jim Darroch has been appointed CTO to own the company’s product vision and roadmap, and to expand the product engineering team to meet growing client
Fugro Eyes Seabed Geosolutions Exit
Fugro is looking to sell its stake in Seabed Geosolutions, a joint venture company with French seismic player CGG. The Dutch subsea and survey specialist said it has stepped up its efforts, in consultation with its co-shareholder, to divest its 60 per cent interest in ocean bottom seismic specialist
Fugro Wins New Offshore Wind Contracts, Reports Revenue Growth
Fugro has secured contracts to conduct surveys at EDF’s Neart na Gaoithe offshore wind farm in the UK and Ørsted’s Greater Changhua project in Taiwan. Under the deals, Fugro will carry out multiple unexploded ordnance surveys at Neart na Gaoithe and a geotechnical survey at Greater Changhua, accordi
Navios Containers Secures Refinancing Deal for Seven Vessels
The shipowner entered into a new credit facility on June 26, 2019.
Dragados’ Aberdeen Update: Half of Caissons Placed in South Harbor
The Aberdeen Harbor Expansion Project has reached another important landmark, with the placement of the 11th caisson at Nigg Bay, out of a total of 22. This 7,000-tonnes caisson, which bears the name Catrina, is part of Aberdeen South Harbor’s Dunnottar Quay. “It has been towed on site on a two-day
EWP Starts Procurement Phase for Jaffa Port Project Expansion
Eco Wave Power has finished the design and engineering of its Jaffa Port project expansion and started procurement of parts for the construction of the plant. The project, co-funded by the Israeli Energy Ministry, is planned to include the construction and installation of ten floaters on 30 linear m
Marine-i Helps Wave Venture Launch Innovative Software
Wave Venture, a specialist wave energy consultancy and software provider, is developing an innovative Techno Economic analysis product called “Wave Venture TE”. This software is a hybrid desktop-cloud integrated engineering and financial analysis package. Wave Venture have been developing components
Godalming Flood Alleviation Scheme Almost Complete
Construction works on the Godalming Flood Alleviation Scheme are now in the finishing stages, according to the Environment Agency. The project is being carried out by Mackley working as part of Team Van Oord and on behalf of a partnership comprising the EA, Surrey County Council, Waverley Borough Co
Brittany Ferries, Repsol Extend LNG Supply Deal in Spain
Under the agreement, Repsol will fuel the company’s Salamanca and Santoña beginning in 2022.
BP’s second quarter profit stable as production grows
BP posted a profit of $2.8 billion for the second quarter 2019, which is similar to the company’s performance in the same period last year, while its production increased during the period.
Anaklia Development Consortium Opts for Eiffage
Anaklia Development Consortium has appointed Eiffage, a French civil engineering construction company, as the general construction contractor for the Phase 1 of Anaklia Deep Sea Port. According to the Anaklia Development Consortium’s latest announcement, the French giant will provide the constructio
Corallian taps Fraser Well Management for North Sea well operator role
Well engineering and project management specialist Fraser Well Management is preparing to drill Corallian Energy’s Curlew-A appraisal well located in the UK North Sea.
New Self-Propelled Hopper Barge Joins Rosmorport Fleet
FSUE Rosmorport North-Western Basin Branch recently added a new vessel to its fleet – the self-propelled hopper barge of project HB 900 named Rabochaya. The Rabochaya, built by Onezhsky Shipbuilding and Ship-Repairing Plant, is the 5th vessel of the technical and dredging fleet that the branch posse
Castor Maritime Doubles Fleet with Secondhand Panamax
The company is to purchase its second dry bulk carrier from Diana Shipping.