Aging crew transfer vessel (CTV) fleets may no longer be suitable for requirements of modern offshore wind projects, driving market demand for vessel upgrades and repurposing, according to Chartwell Marine. While offshore wind is a young sector, with the majority of large-scale European projects no
French liquefied natural gas containment system specialist, GTT, posted a 2.2 percent rise in revenue for the year 2018.
Oilfield services provider Archer saw its net loss in the fourth quarter of 2018 deepen to $30.4 million, down from $22.7 million in the fourth quarter of 2017. Total revenues for the quarter grew to $233.2 million, compared to 4Q revenue of $223.7 million.
Spanish LNG terminal operator, Enagás a net profit of €442.6 million ($504 million) in 2018, a 1 percent increase over 2017 figures, reaching its target for the twelfth consecutive year.
Belgium offshore energy and dredging contractor DEME has merged its subsidiaries GeoSea, Tideway, A2Sea, and EverSea into one single entity – DEME Offshore.
Crewmembers of a general cargo vessel evacuated after their ship caught fire off Italy.
Oil and gas giant BP has produced first gas from its Angelin development offshore Trinidad and Tobago.
Norway’s floating LNG giant Höegh LNG reported a $45 million net profit for the fourth quarter of the year 2018, as momentum in the FSRU market gained pace.
U.S oil major ExxonMobil has said it added 4.5 billion oil-equivalent barrels of proved oil and gas reserves in 2018, replacing 313 percent of the year’s production.
Searcher Seismic, in cooperation with BGP, has expanded its offshore data library with the completion of the acquisition of the Triok broadband non-exclusive 2D seismic survey in the Northern Basins of Papua New Guinea.
Beleolico Srl, part of the Toto Group, has reached a final investment decision on the 30MW Beleolico wind farm in the Italian Mediterranean. EY assisted Natixis in financing the construction of the first offshore wind farm in the Mediterranean. The transaction is the first of its kind in Italy. Nati
Scottish workers’ union Unite Scotland has set dates for industrial action on three UK North Sea platforms following last week’s vote by 200 members.
Spectrum of the Seas leaves Meyer Werft’s building dock II in Papenburg, Germany.
Houston-based LNG exporter Cheniere Energy reported a drop in earnings for the fourth quarter of 2018.
