Dutch construction-services business Royal BAM Group nv is exiting its activities in the offshore wind foundations market as part of an ongoing portfolio review. BAM announced the decision in its results for the first half of 2019 where the Bunnik-headquartered group also reported an impairment char
Offshore oilfield contractor Gulf Marine Services’ (GMS) chief executive officer Duncan Anderson has resigned as the company now expects lower 2019 earnings compared to 2018.
A Saab Seaeye Falcon electric underwater robotic vehicle is to help support a network of oceanographic and atmospheric sensors that are part of the Ocean Observatories Initiative (OOI) transforming ocean research. Funded by the National Science Foundation, the overall OOI program is managed by Massa
The German Global Renewables Shipbrokers (GRS) has entered into a strategic partnership with South Korea’s consultancy SerFac for offshore wind development in South Korea. GRS provides consultancy and shipbroking services for the offshore wind, wave and tidal energy sectors, while SerFac is a wind p
Ocean Power Technologies said it has deployed its PB3 PowerBuoy in the North Sea for Premier Oil. This latest deployment of a PB3 PowerBuoy will serve Premier as an autonomous intelligent platform to provide communications and remote monitoring services at Premier’s Huntington field in the central N
Profit for the period increased to USD 753 million, representing a growth of 26.8% on a reported basis.
NKT had received the award by Energinet and National Grid to supply a onshore cable system for Viking Link interconnector project, connecting the Danish and British power transmission grids. The deal will see NKT deliver approximately 150 kilometers of 525 kV MI high-voltage DC onshore power cables.
IMO 2020 sulphur cap, earlier than usual 2020 Chinese New Year would “further disrupt and unsettle supply chains.”
The loan would be used to finance four new LR1 product tankers being built at Guangzhou Shipyard.
The alleged cartel conduct is related to shipping of certain vehicles to Australia between June 2011 and July 2012.
The City of Rockingham (WA) announced today that it has secured two Coastal Adaptation and Protection (CAP) grants for 2019/2020, which will be used to carry out coastal monitoring, modifications and upgrades along the city’s coastline. The CAP funding will be administered by the Department of Trans
L&T Hydrocarbon Engineering Limited (LTHE) and EMAS AMC (Subsea 7 company) have been awarded a project by Saudi Aramco. The project consists of twenty eight offshore jackets in Zuluf, Marjan, Sfaniya and Ribyan fields offshore Saudi Arabia. LTHE’s fabrication facilities in Middle East & India are fu
The company’s net loss was at USD 3.6 million, against a profit of USD 4.5 million reported in the previous quarter.
Equinor has secured funding of up to NOK 2.3 billion (circa EUR 231.5 million) from Enova for the Hywind Tampen floating wind project in Norway. “The support that the licences have received for the Hywind Tampen project demonstrates the will of Norwegian authorities to invest in and develop floating
