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Business & Finance

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NYSE pushes to delist Seadrill Partners. Driller set to appeal
Business & Finance

NYSE pushes to delist Seadrill Partners. Driller set to appeal

The New York Stock Exchange gas decided to suspend trading in securities of Seadrill Partners and has started procedure to delist the company, an affiliate of drilling contractor Seadrill, from the exchange. The NYSE reached its decision due to Seadrill Partner’s low market capitalization.

about 7 years ago
MSC Says It Is Not Hiring Eastern Pacific ULCV Newbuilds
Business & Finance

MSC Says It Is Not Hiring Eastern Pacific ULCV Newbuilds

MSC has denied reports saying the company is chartering six LNG-fueled container vessels.

about 7 years ago
Merkur Gets HPC Project Certificate
Business & Finance

Merkur Gets HPC Project Certificate

Hanseatic Power Cert (HPC) has awarded the Merkur offshore wind farm in Germany with a project certificate. Arjen Schampers, the managing director of Merkur Offshore GmbH, the developer of the project, took over the certificate on 2 September. To remind, GE Renewable Energy completed the handover of

about 7 years ago
Bumi Armada sells FPSO for $40 million
Business & Finance

Bumi Armada sells FPSO for $40 million

Malaysian FPSO provider Bumi Armada has sold its FPSO Armada Perdana for a price of $40 million.

about 7 years ago
Russia Eyes Annual Traffic of 80 Mn Tons via NSR by 2024
Business & Finance

Russia Eyes Annual Traffic of 80 Mn Tons via NSR by 2024

80 million tons of goods is planned to be shipped annually via the Northern Sea Route by 2024.

about 7 years ago
Van Oord Partner in Nature Documentary The New Wilderness
Business & Finance

Van Oord Partner in Nature Documentary The New Wilderness

Van Oord and film companies EMS and Veldkijker have signed a sponsorship contract for a new nature film, Wild Port of Europe – The New Wilderness 2.0. The film will be screened in 2021 and is a dramatized nature documentary about the Rotterdam port area. The film’s locations include the Port of Rott

about 7 years ago
FPSO Alvheim Wired to Tampnet Subsea Fibre Optic Network
Business & Finance

FPSO Alvheim Wired to Tampnet Subsea Fibre Optic Network

Tampnet and Aker BP have finished the deployment of fibre optic cable to the Aker BP operated FPSO Alvheim. The FPSO is now connected to Tampnet’s subsea fibre optic network providing high redundancy and capacity, preparing Alvheim for the digital transition. Alvheim was already connected to Tampnet

about 7 years ago
Rosewood Beach Nourishment Project on the Way
Business & Finance

Rosewood Beach Nourishment Project on the Way

Planning for sand nourishment at Rosewood Beach in Lake County, Illinois, was approved by the Park District of Highland Park Board of Commissioners at their August 27, 2019 meeting. According to the district, sand nourishment would stem the pattern of severe erosion at the beach caused by record hig

about 7 years ago
USPA, Kernel Ink Chornomorsk Dredging Contract
Business & Finance

USPA, Kernel Ink Chornomorsk Dredging Contract

The Ukrainian Sea Ports Authority (USPA) and Kernel, one of the largest Ukrainian agricultural groups, signed an agreement of cooperation earlier this week, foreseeing group’s investment in the Chornomorsk Port development in the amount of over $118.8 million. Under the agreement, by the end of 2020

about 7 years ago
SapuraOMV, Shell to sell offshore gas from SK408 block to Petronas
Business & Finance

SapuraOMV, Shell to sell offshore gas from SK408 block to Petronas

Malaysia’s SapuraOMV, and Shell’s Malaysian subsidiary have reached agreements with Petronas for the sale of gas to be produced from the SK408 development offshore Malaysia. SapuraOMV, formed through a recent deal between Malaysia’s Sapura Upstream and Austria’s OMV, said on Friday it had, together

about 7 years ago
Spotlight on Coastal Texas Study
Business & Finance

Spotlight on Coastal Texas Study

Dr. Edmund Russo and Col. Timothy Vail from the U.S. Army Corps of Engineers’ Galveston District met with the Cameron County officials earlier this week to discuss the Coastal Texas Study. “Such partnerships are invaluable to addressing coastal storm risk management & ecosystem restoration,” USACE s

about 7 years ago
Dolphin Drilling to set up international HQ in Aberdeen following restructuring
Business & Finance

Dolphin Drilling to set up international HQ in Aberdeen following restructuring

Following its recent financial restructuring, Dolphin Drilling is establishing its international headquarters in Aberdeen.

about 7 years ago
Innovo and Sparrows Present New Reel Drive System
Business & Finance

Innovo and Sparrows Present New Reel Drive System

Innovo and Sparrows have introduced a new Reel Drive System (RDS). Innovo’s Innodrive 800T RDS can carry 800-ton reels in a sea state 8 and has a peak torque of 350 tons per meter at full speed. This new addition to the fleet is designed to be fully integrated with the latest generation of Sparrows

about 7 years ago
Ground Investigation Begins Along the Southsea Seafront
Business & Finance

Ground Investigation Begins Along the Southsea Seafront

From Monday, 9 September, ground investigation work will be taking place along the Southsea seafront as part of the next stage of designs for new coastal defenses, according to the official Southsea Coastal Scheme project website. These investigations will take place over a period of four weeks at t

about 7 years ago
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