Business & Finance
Polarcus Back in Black
Seismic player Polarcus has bounced back in black when compared to second-quarter 2018 as revenues increased some 45 percent. The Oslo-listed company reported profit for the quarter ended June 30, 2019 of $600K, versus loss of $8.1 million in Q2 2018. For the first six months in 2019, Polarcus’ loss
Ocean Yield Adds Another VLCC Newbuild with 15-Year Charter
Ocean Yield takes delivery of Nissos Antiparos, a very large crude carrier (VLCC) newbuild.
TechnipFMC wins Arctic LNG 2 job worth over $1 billion
TechnipFMC has been awarded a major Engineering, Procurement and Construction (EPC) contract by Novatek and its partners for the Arctic LNG 2 project located in the Gydan peninsula in West Siberia, Russia.
Keel Laid for Jan De Nul’s TSHD Galileo Galilei
A keel laying ceremony for Jan De Nul Group’s 18,000m³ trailing suction hopper dredger (TSHD) has taken place at the COSCO Shipping Heavy Industry shipyard in Dalian, China. The new vessel was named Galileo Galilei, after the famous Italian astronomer, physicist and engineer. The TSHD will be equipp
Qatargas Ships 1st Q-Flex LNG Cargo to Greek Revithoussa Terminal
Qatargas delivers the first LNG cargo on a Q-Flex vessel to Greece’s Revithoussa LNG Terminal.
Elbe River Dredging Begins
The much-delayed deepening and fairway widening program on the Elbe River, conducted by the Belgium’s dredging giant DEME Group, officially started today. After a symbolic push on the button, the trailing suction hopper dredger (TSHD) Scheldt River kicked off the works, which should be completed ear
Louis Dreyfus to Work on Saint-Nazaire Inter-Array Cabling
Louis Dreyfus TravOcean has signed its first contract related to the development of offshore wind farms in France. This contract for supply, installation and protection of inter-array power cables for the Saint-Nazaire offshore wind project was signed earlier this month with project leaders EDF Reno
Euronav Chooses Ecochlor BWTS for Seven Tankers
Euronav selects Ecochlor ballast water management systems (BWMS) for seven of its Suezmax and VLCC vessels.
VIDEO: Land and Water Wraps Up Galloper Dredging
Land and Water, a UK based inland waterway and coastal environmental engineering company, recently completed dredging works for the new Galloper Offshore Wind Farm at the Harwich International Port’s Operations and Maintenance Base. According to their official announcement, the water injection and b
Up to USD 613 Mn to Be Injected in Portugal’s Port of Sines
Up to USD 613.5 million would be injected in the port during the concession agreement until 2049 with PSA Singapore.
Pacific Drilling finds replacement for chief financial officer
Pacific Drilling, an offshore drilling specialist, has appointed a new senior vice president and chief financial officer (CFO).
ROVOP chairman takes on chief executive role
UK-based ROVOP, a provider of underwater remotely operated vehicles (ROVs), has named a new chief executive officer with immediate effect.
LAkHsMI Partners Wrap Up Prototype Field Trials in Orkney
International underwater connectivity manufacturer Hydro Bond Engineering has completed prototype subsea oceanography equipment field tests in Orkney with the collaboration of several European research partners. The LAkHsMI project (‘Sensors for LArge scale HydrodynaMic Imaging of ocean floor’) inve
TechnipFMC to deliver subsea equipment for Neptune’s North Sea project
French oilfield services provider TechnipFMC has won a contract to build and install subsea equipment for Neptune Energy’s Seagull offshore oil development project in the UK North Sea.