Innogy has reported a 29% increase in adjusted EBITDA, to EUR 415 million, in its Renewables division in the first half of 2019, partly due to the Galloper offshore wind farm. According to innogy, the positive contribution to earnings was in part due to a bonus for timely, on-budget completion of th
Once the works are done, KN will be able to receive 3 tankers simultaneously at the terminal.
The loan was taken in order to help the company prepare for IMO’s 2020 sulphur cap.
Omantel, a global player in the integrated telecommunications market, has become a key supporter of the Subsea Optical Fiber Communications 2019 International Summer School, presented by Google and the OSA Foundation. Intended for early stage researchers, engineers and Ph.D. or master’s degree stude
Ryder Geotechnical, part of Tekmar, has opened a new office in central Newcastle. The office will serve as headquarters for Ryder Geotechnical who currently have a team of five but have the space to double over the coming year. Fraser Gibson, director of Ryder said: “Opening this office in central N
Seacor Marine has started implementing cost-reducing measures, including reduction of the workforce and closure of certain facilities at several locations, to save at least $8 million amid slower than expected market recovery.
AB Klaipedos Nafta (KN) and the Klaipeda State Seaport Authority (KSSA) have signed a EUR 22.5 million tripartite agreement with joint venture partners UAB Tilsta and UAB Fegda for the ‘Reconstruction of Klaipeda State Seaport Quay No. 1,’ located at Buriu st. 19 in Klaipeda. On the basis of the tri
Compagnie Maritime Belge and Tsuneishi Facilities & Craft are to build a hydrogen-powered ferry.
ConocoPhillips Australia and its joint venture partners SK E&S Australia and Santos have proposed to develop the Barossa gas field, located in Commonwealth Waters approximately 300 kilometers north-west of Darwin. The development includes bringing gas and condensate from subsea wells to a floating p
Strategic Robotic Systems (SRS) has been selected by the United States Navy to procure the company’s FUSION unmanned underwater vehicle. The Navy will use the remotely operated vehicle (ROV) for its future explosive ordnance disposal (EOD). According to SRS, initial deliveries under the 5-year contr
Australian wave power firm Carnegie Clean Energy said it has developed a proposal to recapitalise the company, following the appointment of administrators in March this year. Recapitalisation proposal has been developed with funding and support from two of Carnegie’s key stakeholders, Mooney & Partn
NRF’s overall outlook is more pessimistic than last month as US introduces new 10 percent tariffs.
Algoma wrapped up Q2 2019 with higher net income, driven by an increase in operating earnings.
Mermaid Maritime’s Middle East and South East Asian business units have recently been awarded subsea contracts with a combined total estimated potential contract value of $7.4 million.
