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Business & Finance

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FDX Offshore Acquires Womar Logistics
Business & Finance

FDX Offshore Acquires Womar Logistics

Maritime finance company FDX Offshore has acquired Singapore’s tanker pool operator Womar Logistics.

about 7 years ago
Mackley Wins North Portsea Island Contract
Business & Finance

Mackley Wins North Portsea Island Contract

Mackley Construction Ltd has been chosen to deliver the next phase of coastal defenses which will protect more than 4000 homes and almost 500 businesses in North Portsea from the risk of coastal flooding. According to the Portsmouth City Council’s latest release, the next set of defenses, the fourth

about 7 years ago
US Sanctions Four More Vessels for Venezuela Ties
Business & Finance

US Sanctions Four More Vessels for Venezuela Ties

The sanctions include product tankers Carlota C, Sandino, Petion, and crude oil tanker Giralt.

about 7 years ago
DeepOcean Delivers Its First Floating Offshore Wind Project
Business & Finance

DeepOcean Delivers Its First Floating Offshore Wind Project

DeepOcean, on behalf of Hengtong Group, has completed export cable installation for the first floating wind farm project in the Atlantic Ocean. This marks DeepOcean’s first project for the floating offshore wind industry. The scope of work included project management, engineering and execution of al

about 7 years ago
Weatherford Bags $220M ADNOC Contract
Business & Finance

Weatherford Bags $220M ADNOC Contract

Weatherford has signed a $220 million, three-year contract with ADNOC to provide directional drilling services in the UAE. The agreement entails using the Weatherford Magnus rotary steerable system in both re-entry wells and new wells. “Magnus is demonstrating consistent reliability, a critical elem

about 7 years ago
Eni and Mainstream Renewable Power Reveal UK CfD Round 4 Plan
Business & Finance

Eni and Mainstream Renewable Power Reveal UK CfD Round 4 Plan

Eni and Mainstream Renewable Power are planning to jointly participate in the UK’s fourth Contracts for Difference (CfD) allocation round. The news comes as Eni and Mainstream Renewable Power announced they had signed a cooperation agreement for developing large-scale renewable projects, including o

about 7 years ago
Royal IHC Sells €100 Million Worth of Dredgers
Business & Finance

Royal IHC Sells €100 Million Worth of Dredgers

Royal IHC has reached agreements with several key customers in Africa and Asia to supply IHC Beaver cutter suction dredgers (CSDs) and an IHC Easydredge trailing suction hopper dredger (TSHD) with an approximate total value of €100 million. Both vessel types are products within IHC’s highly successf

about 7 years ago
Equinor Strikes Sino-European Offshore Wind Partnership with CPIH
Business & Finance

Equinor Strikes Sino-European Offshore Wind Partnership with CPIH

China Power International Holding (CPIH) and Norway’s Equinor have signed a Memorandum of Understanding (MoU) to cooperate on offshore wind in China and Europe. The MoU also opens possibilities for potentially expanding the collaboration between the two companies. “China is rapidly increasing its us

about 7 years ago
Maersk Product Tankers Agrees to Buy Seven AET Ships
Business & Finance

Maersk Product Tankers Agrees to Buy Seven AET Ships

Maersk Product Tankers inks formal agreement to buy seven secondhand Handy vessels from AET.

about 7 years ago
Climate Adaptation Leadership Award for Prime Hook
Business & Finance

Climate Adaptation Leadership Award for Prime Hook

The Tidal Marsh and Barrier Beach Restoration Project at Prime Hook National Wildlife Refuge, located east of Milton, Delaware, is the recipient of a 2019 Climate Adaptation Leadership Award for Natural Resources in the “Federal Government” category. The award was established in 2016 to recognize ou

about 7 years ago
Solstad returns to South Africa with Total deal
Business & Finance

Solstad returns to South Africa with Total deal

French oil major Total has awarded contracts to Norwegian shipping company Solstad Farstad for two large anchor handling tug supply (AHTS) vessels.

about 7 years ago
ALE wins Gulf of Mexico work with Subsea 7
Business & Finance

ALE wins Gulf of Mexico work with Subsea 7

Global heavy-lift specialist ALE has been awarded a major steel catenary riser (SCR) and umbilical pull-in contract by Subsea 7 in the U.S. part of the Gulf of Mexico.

about 7 years ago
New European Project to Develop Smart Navigation Systems for Ships
Business & Finance

New European Project to Develop Smart Navigation Systems for Ships

A Swedish/Norwegian/German consortium has been given the go-ahead for a project to increase safety and efficiency in shipping.

about 7 years ago
Senator Hyde-Smith: $56.6 Million Boost for Ship Island Restoration
Business & Finance

Senator Hyde-Smith: $56.6 Million Boost for Ship Island Restoration

Mississippi Senator Cindy Hyde-Smith has announced the award of a $56.6 million contract to carry out Phases 3 and 4 of a barrier island restoration project on Ship Island. The U.S. Army Corps of Engineers fixed-price contract is part of the Mississippi Coastal Improvements Program, a comprehensive

about 7 years ago
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