Net loss for the quarter reached USD 43 million, compared to a loss of USD 77 million reported a year earlier.
Brazilian oil firm Petrobras will hire Prosafe’s offshore accommodation unit the Safe Eurus.
Italian oil major Eni has appointed a new chief upstream officer.
Linlithgow-based Asset Integrity Maintenance (AIM) has been awarded a ‘major contract’ that would help extend the life of ExxonMobil’s jetty facility at Braefoot Bay Marine Terminal in Fife, Scotland.
New vessels boosted the total fleet value of the Norwegian owned fleet by USD 3.5 billion.
Danish Maritime Authority launched a pilot project on digital certificates for seafarers aboard Mumbai Maersk.
Norled and Westcon signed a contract for the construction of two green ferries.
The average cost of electricity produced by offshore wind could decrease by 15%, to USD 0.108/kWh, by 2022, or 4% per year, according to a new report by International Renewable Energy Agency (IRENA). The Renewable Power Generation Costs in 2018 report states that offshore wind projects in 2022 would
Irish Prime Minister, Leo Varadkar and President of France Emmanuel Macron have submitted a joint request to the European Commission seeking financial support for the Celtic Interconnector electricity link between Ireland and France. Varadkar and Macron co-signed a letter today before the European C
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
The Upham Beach nourishment project is now underway, according to the Pinellas County latest update on the project. According to the county, the beach nourishment scheme officially started yesterday, May 28th. Norfolk Dredging, which constructed the Sand Key and Treasure Island projects last year, w
The Town of Nags Head, North Carolina, has just released the latest update on their coastal construction project, saying that the dredger Liberty Island is beginning beach nourishment work near the Curlew Street public beach access at about Mile Post 11.5. The other Great Lakes Dredge and Dock’s dre
MPA Singapore revokes the bunker supplier license of Southernpec.
The driller has signed a deal with an undisclosed operator which should see the 6th generation rig deployed on a three-month long contract starting in the first quarter of 2020.
