Maersk has secured a new sustainability-linked revolving credit facility of USD 5 billion.
Engineering and construction specialist Subsea 7 has seen red in the fourth quarter 2019 on activity drop in renewables and heavy lift division. The Oslo-listed firm posted quarterly loss of $129 million, or $45 cents per diluted share, on revenue of $889 million, versus profit of $32 million, or $1
A landmark study into the light sensitivity of Gold Coast seagrass meadows has pinpointed how much light these vital sea life breeding and feeding grounds need to grow and thrive, Gold Coast Waterways Authority (GCWA) reports. The study, undertaken by Griffith University on behalf of GCWA, looked at
Plexus said that its Russian licensee Gusar has placed an order for an additional set of POS-GRIP exploration rental jack-up drilling wellhead equipment. The deal follows the installation of the first POS-GRIP rental gas exploration wellhead in Russia for Gazprom. Plexus’ CEO Ben Van Bilderbeek said
Subsea geotechnical services specialist Bluefield Geoservices has appointed Bruce Pudney as managing director of its Americas business unit. The news comes as the company rolls out its international footprint in the Americas, initially with two new offices in the US, one in Rhode Island to serve the
AquaTerra Group has extended its capabilities with the acquisition of the trade and assets of subsea engineering and technology business SETS.
Shawcor has said that its pipe coating division has entered into a contract with Subsea 7 to provide thermal insulation coating services for Woodside’s Sangomar Offshore Project in Senegal.
Costa Smeralda, a new LNG-powered flagship owned by Italian cruise line Costa Cruises, was named in Savona.
An unprecedented surge of inquiries on how scrubbers can be fitted at short notice.
Oceaneering has reported a net loss of $263 million, or $2.66 per share, for the three months ended December 31, 2019, despite revenue rise. The result compares with net loss of $64 million same time last year. During the prior quarter ended September 30, 2019, Oceaneering reported a net loss of clo
McDermott broke ground on its new fabrication facility within the Saudi Arabian maritime complex.
McDermott has broke ground on its new fabrication facility within the King Salman International Complex for Maritime Industries and Services in Ras Al-Khair, Saudi Arabia. The overall site, which is being developed by Saudi Aramco, is expected to be the largest maritime industries complex in the Kin
Jan De Nul Group’s newest trailing suction hopper dredger (TSHD) Sanderus just arrived in Belgium to execute maintenance dredging works in the coastal ports. Not just any dredger, but an ULEv with ultra-low emissions as this vessel has a two-stage catalytic filter system on board, said Jan De Nul. T
A new Coastal Management Program under development at Lake Macquarie City Council will help guide the future for the city’s beaches, lake and Swansea Channel, the council informs. The program is a new requirement for coastal councils under NSW Government legislation, with the aim of creating consist
