Business & Finance
SIMEC Atlantis Completes SeaGen Tidal System Decommissioning
SIMEC Atlantis Energy has decommissioned the SeaGen tidal turbine support structure in Strangford Narrows, Northern Ireland. This marks the completion of the 1.2MW SeaGen tidal stream energy project lifecycle and is the first commercial scale tidal turbine development to be fully decommissioned. Spe
Mammoet to Acquire ALE
Dutch heavy lift and transportation specialist Mammoet has signed an agreement to acquire the UK-based heavy lift and transportation provider ALE. Both companies are specialists in engineered heavy lifting and transport for sectors such as the petrochemical industry, renewable energy, power generati
Chatsworth, Onex Join Forces on Elefsina Shipyards
Chatsworth Securities is partnering up with Onex Elefsis Shipyards on investment in Elefsina Shipyards.
The Story Behind the Shoreham Adur Tidal Walls Scheme
The Shoreham Adur Tidal Walls scheme is a flood defense scheme in the town of Shoreham-by-Sea, West Sussex. The scheme covers 7.2 km of the river Adur. 1.8 km on the east bank between Coronation Green and the A27 Road Bridge, and 5.4 km on the west bank between the river mouth and the […]
EMGS Hikes Revenues
Norwegian geophysical services company EMGS has reduced its quarterly loss as revenues almost doubled for the period ended June 30, 2019. The Oslo-listed company reported net loss for Q2 2019 of $2 million or 2 cents per share, versus loss of $6.2 million in Q2 2018. Revenues for the quarter rose at
North Sea Port to Get New RoRo Terminal
Ekol Logistics, Transuniverse Forwarding are to build a RoRo terminal at Kluizendok in Ghent, part of the North Sea Port.
iXblue Gets New CEO and COO
French company iXblue has appointed Thomas Buret as chief operating officer Buret is taking over from Fabien Napolitano, who takes up duties as chief executive officer of the Group. Committed to a cycle of strong growth and innovation on all its markets (civil, space and defense), the company is now
Lower profit and revenues for Subsea 7 in 2Q
Subsea 7 saw a decrease in both profit and revenues during the second quarter 2019 affected by lower activity in its Renewables and Heavy Lifting business unit.
Helix Books Slight Drop in Quarterly Profits
Helix Energy Solutions has reported net income of $16.8 million, or $0.11 per diluted share, for the second quarter of 2019 compared to $17.8 million of $0.12 for the same period in 2018. Quarterly revenues fell from $205 million in Q2 2018 at $202 million. Net income for the six months ended June 3
Europe Sees 1.9GW Offshore Wind Boost
Europe added 1.9GW of new offshore wind capacity in the first half of 2019, up from the 1.1GW installed in the same period last year, according to WindEurope. Countries that contributed to the new installations are the UK with 931MW, including Ørsted’s Hornsea Project One offshore wind farm, Denmark
Saipem Returns to Profit
Italian oilfield services player Saipem has reported first-half 2019 profit of €14 million on revenues of €4.5 billion. This result compares to net loss of €323 million on revenues of €3.8 billion for prior-year comparable period. Adjusted result was net profit of €60 million, against €6 million in
Vladimir Rusanov Ships Yamal LNG Cargo to China via Northern Sea Route
Vladimir Rusanov, an icebreaking LNG carrier, has completed the Northern Sea Route passage via the eastern direction.
Total plans $5 billion in asset sales as second quarter profit slips on lower oil prices
Total has said it plans to sell about $5 billion worth of assets, mostly from its Exploration & Production business.
Subsea 7 Sees Profits Slip
Engineering and construction specialist Subsea 7 has seen its profit cut in the quarter ended June 30, 2019 as activity drop continues in renewables and heavy lift business units. The Oslo-listed firm posted quarterly profit of $24 million, or $9 cents per diluted share, on revenue of $958 million,