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Business & Finance

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SubseaOperations & MaintenanceShipbuildingFossil EnergyDredgingAlternative FuelsOffshore WindResearch & DevelopmentTidal & Wave EnergyAuthorities & GovernmentGreen MarineEquipment
Saipem Faces Brazil Probe
Business & Finance

Saipem Faces Brazil Probe

Italian oilfield services player Saipem said that two of its subsidiaries are being investigated by Brazilian administrative authority over supposed irregularities in a contract award back in 2011. The alleged irregularities include Saipem’s French and Brazilian units, who were awarded a €56-million

about 7 years ago
SunStone Signs Deal for Seventh Infinity-Class Ship
Business & Finance

SunStone Signs Deal for Seventh Infinity-Class Ship

SunStone Ships’ latest newbuilding is scheduled for delivery from Hong Kong in September 2021.

about 7 years ago
New chairman joins Dolphin Drilling following entire management dismissal
Business & Finance

New chairman joins Dolphin Drilling following entire management dismissal

Dolphin Drilling has elected a new chairman following the resignation of its board members and termination of the entire management team amid financial restructuring.

about 7 years ago
Key West Sand Replenishment in Full Swing
Business & Finance

Key West Sand Replenishment in Full Swing

The City of Key West, Florida, has officially begun the sand replenishment operations on their white sandy beaches. The project started on May 21, with beach fill work on Smather’s Beach on South Roosevelt Blvd. The scheme, which is expected to last about two weeks, is a painstakingly careful projec

about 7 years ago
EMGS makes interim chief executive officer permanent
Business & Finance

EMGS makes interim chief executive officer permanent

Electromagnetic Geoservices (EMGS), a Norwegian geophysical services company, has given its interim chief executive officer a permanent role.

about 7 years ago
Nortek Opens New Australian Office
Business & Finance

Nortek Opens New Australian Office

Nortek has opened a new office in Melbourne, Australia, to facilitate access to Doppler instrumentation for researchers and engineers in Australia and New Zealand. This is the company’s first office in the region, creating a strong local point of contact for sales and support, Nortek said. The Port

about 7 years ago
Virginia DMME and Old Dominion Uni Sign Offshore Wind Deal
Business & Finance

Virginia DMME and Old Dominion Uni Sign Offshore Wind Deal

Virginia Department of Mines, Minerals and Energy (DMME) and Old Dominion University (ODU) have signed a Memorandum of Understanding for the state’s offshore wind projects. The agreement, signed between ODU President John R. Broderick and DMME Director John Warren, is based on providing research and

about 7 years ago
3D Seismic Kicks Off over Dorado and Roc Discoveries
Business & Finance

3D Seismic Kicks Off over Dorado and Roc Discoveries

Carnarvon said that a new 3D seismic survey has started over the Dorado and Roc discoveries and a number of nearby prospects. Prior to the award of WA-435-P, WA-436-P, WA-437-P and WA-438-P to Carnarvon and its partner, no 3D seismic existed in these permits. Three 3D surveys were subsequently acqui

about 7 years ago
Minesto Clinches €14.9M EU Grant through Welsh Govt
Business & Finance

Minesto Clinches €14.9M EU Grant through Welsh Govt

The Welsh Government is supporting marine energy developer Minesto with the award of €14.9 million of EU funding for the next phase of its tidal energy scheme in Wales. Commenting on the funding decision, Minesto’s CEO Dr Martin Edlund said: “This is a key contribution to the commercialization of ou

about 7 years ago
Ohio EPA to Continue Restoration Work
Business & Finance

Ohio EPA to Continue Restoration Work

The U.S. Environmental Protection Agency has awarded $1.3 million to the Ohio EPA to continue restoration work at four highly contaminated sites on the Great Lakes and to coordinate the state’s management plan for Lake Erie. This EPA funding is the first installment of an approximately $3.7 million

about 7 years ago
Equinor to Charter Nordic American Tankers’ Suezmax
Business & Finance

Equinor to Charter Nordic American Tankers’ Suezmax

The 158,600 dwt crude oil tanker Nordic Zenith would be chartered for a period of twelve to fifteen months.

about 7 years ago
Helix Buys STL
Business & Finance

Helix Buys STL

Helix Energy Solutions has acquired a majority stake in Subsea Technologies Group Limited (STL), an Aberdeen-based subsea engineering company. STL specializes in the design and manufacture of world-class subsea pressure control equipment, including well intervention, well control and subsea control

about 7 years ago
PHOTO Update: New Sand Arrives at Upham Beach
Business & Finance

PHOTO Update: New Sand Arrives at Upham Beach

The Army Corps of Engineers’ Jacksonville District contractor, Norfolk Dredging, began the latest work on the Pinellas County shore protection project on Monday, May 27, on Upham Beach, Florida. By Wednesday, crews had placed 23,000 cubic yards of sand on the north end of the beach, said USACE in it

about 7 years ago
Teekay Offshore Hires Advisors for Brookfield Offer
Business & Finance

Teekay Offshore Hires Advisors for Brookfield Offer

Teekay Offshore Partners hired an independent legal counsel and a financial advisor to evaluate the offer.

about 7 years ago
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