Swedish marine energy developer Minesto has secured SEK 161.6 million (€15.9 million) in proceeds through fully subscribed TO3 warrants program which will be used for the company’s commercial expansion.
Norway’s Reach Subsea has reported its best-ever first-quarter financial results, said to be driven by high utilization and project execution. Revenue for the first quarter of 2021 was NOK 101.8 million (approximately USD 12.2 million) compared with NOK 78.8 million for Q1 2020, primarily explained
Italian oilfield services provider Saipem has appointed the current chairman of the company as its new chief executive officer (CEO).
Seafarer welfare charities and shipping industry players have launched an emergency relief fund in order to support seafarers and their families devastated by the rampant COVID-19 pandemic in India and other countries.
U.S.-based subsea survey services company 3D at Depth has acquired the Saab Sabertooth Hybrid AUV / ROV. 3D at Depth stated that the multi-million-dollar investment will complement its SL Subsea LiDAR laser technology systems and third party geophysical equipment. The Hybrid AUV / ROV is equipped as
Offshore drilling contractor Shelf Drilling has won a contract for the Trident XII jack-up rig with the Oil and Natural Gas Corporation (ONGC) in India.
Offshore rig owner Seadrill Limited has revealed that a termination notice has been received for the West Mira rig from Wintershall Dea.
U.S.-based global communications company Viasat has completed its previously announced acquisition of offshore telecommunication services provider RigNet.
The now restructured and debt-relieved offshore drilling contractor Valaris has been awarded sixteen new contracts and extensions with more than a dozen different oil and gas companies.
Singapore-based Sembcorp Marine continues to face COVID-19 supply chain constraints and shortage of skilled workers, the company said announcing its Q1 results. The workforce shortage has been ascribed to the ongoing travel bans caused by the pandemic, as foreign workers, primarily those from India
Following new contract awards to its drillships and a harsh environment rig, Transocean is optimistic about contracting throughout the year.
TechnipFMC’s Subsea division has reported inbound orders of $1.5 billion in the first quarter of 2021, more than double compared to the fourth quarter of the prior year. Subsea reported first-quarter revenue of $1.3 billion, an increase of 10.6 per cent from the same period in 2020, said to be large
Norwegian floating solar developer Ocean Sun has recorded a slight drop in revenues for the first quarter of 2021, when compared to the same period a year earlier.
The corona pandemic has further exposed the vulnerabilities of the German and EU shipbuilding sectors, which have already been under massive pressure from the Asian competition. Specifically, German shipbuilders have been predominantly active in the cruise shipbuilding and large yacht building secto
