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Business & Finance

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Fossil EnergyExploration & ProductionDredgingProject & TendersSeismicFPSOInfrastructureSubseaEquipmentOperations & MaintenanceVessels
Total secures Prosafe flotel for accommodation support on Elgin
Business & Finance

Total secures Prosafe flotel for accommodation support on Elgin

Prosafe has signed a contract with Total E&P UK Limited for the Safe Caledonia to provide accommodation support at the Elgin complex in the UK sector of the North Sea.

about 7 years ago
Nags Head Beach Nourishment Operations on Track
Business & Finance

Nags Head Beach Nourishment Operations on Track

The beach nourishment operations have passed Jennette’s Pier and are now progressing south near Mile Post 16.5 in the 8000 block of South Old Oregon Inlet Road, reports the Town of Nags Head, NC. In the update they said that sometime on Thursday, August 1, construction will jump to the submerged pip

about 7 years ago
North Portsea Planning Application Gets OK
Business & Finance

North Portsea Planning Application Gets OK

The next phase of plans to protect North Portsea Island from the risk of coastal flooding are underway following approval of the planning application for the first package of work in the Kendall’s Wharf area of North Portsea Island. The principal design for Phase 4 of the North Portsea Island Coasta

about 7 years ago
EMGS to conduct 3D survey offshore Namibia
Business & Finance

EMGS to conduct 3D survey offshore Namibia

EMGS has been awarded a contract from Nabirm Global LLC for a proprietary 3D CSEM survey over Block 2113A, in the Walvis Basin offshore Namibia.

about 7 years ago
Royal IHC Posts 2018 Net Loss
Business & Finance

Royal IHC Posts 2018 Net Loss

Royal IHC reported today that 2018 was a difficult year and due to cost overruns in the execution of a number of challenging innovative projects, the loss for 2018 ultimately amounted to €80.6 million. IHC has initiated a number of clear actions in order to restore profitability. For example, the or

about 7 years ago
Hess narrows second quarter loss
Business & Finance

Hess narrows second quarter loss

U.S. oil and gas company Hess has decided to trim its full year capex guidance.

about 7 years ago
Yinson bags another extension for Vietnam FPSO
Business & Finance

Yinson bags another extension for Vietnam FPSO

Malaysia’s FPSO provider Yinson has secured a two-month extension for its Lam Son FPSO in Vietnam.

about 7 years ago
MDL Bags Equatorial Guinea Pipelay Gig
Business & Finance

MDL Bags Equatorial Guinea Pipelay Gig

Maritime Developments (MDL) has been awarded a contract to supply a complete pipelay spread and personnel for a flexible installation offshore Equatorial Guinea. The award comes from a new client, whose workscope covers the launch of a number of new wells in an existing network of drill centres in t

about 7 years ago
Baker Hughes cuts losses in second quarter
Business & Finance

Baker Hughes cuts losses in second quarter

Oilfield services provider Baker Hughes, a GE company, managed to reduce its loss as its revenues increased in the second quarter of 2019. BHGE on Wednesday posted revenue of $6 billion for the second quarter 2019, up 7% sequentially and up 8% year-over-year. The company’s revenues in 2Q 2018 were $

about 7 years ago
Sabetta Dredging Kicks Off
Business & Finance

Sabetta Dredging Kicks Off

Two dredging vessels, owned by FSUE Rosmorport’s Arkhangelsk, arrived at Sabetta seaport (Yamal) earlier this week to perform scheduled dredging operations in this area. According to the company’s press center, the trailing suction hopper dredgers Severnaya Dvina and Beloye More will be involved in

about 7 years ago
First Foundation Lands at Northwester 2
Business & Finance

First Foundation Lands at Northwester 2

The first foundation of the Northwester 2 wind farm has been installed by Jan De Nul’s jack-up installation vessel Vole au Vent. The first foundation is composed of a monopile that is 76 meters long and has a diameter of almost 8 meters. The monopile weighs around 900 tonnes and the transition piece

about 7 years ago
ONGC awards three-year deals to Shelf Drilling rigs
Business & Finance

ONGC awards three-year deals to Shelf Drilling rigs

Shelf Drilling has been awarded contracts for two of its jack-up rigs with ONGC for operations in the Mumbai High, offshore India.

about 7 years ago
Corallian boosts interest in North Sea discovery
Business & Finance

Corallian boosts interest in North Sea discovery

Corallian Energy has raised about $1.5 million in an equity fundraise, increased its interest in a license which contains the Colter South discovery, and made progress towards starting its Curlew-A well drilling in the UK North Sea.

about 7 years ago
DC Industrial NV-SA/Group De Cloedt New IADC Member
Business & Finance

DC Industrial NV-SA/Group De Cloedt New IADC Member

DC Industrial NV-SA/Group De Cloedt has become a member of the International Association of Dredging Companies (IADC). Commenting the latest news, René Kolman, Secretary General of IADC, said: “We are pleased to welcome DC Industrial NV-SA/Group De Cloedt as our new member.” “As IADC, we aim to prom

about 7 years ago
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