Norway’s Aker Solutions has completed the acquisition of its compatriot, oilfield services provider, Reinertsen. The acquisition was announced in late March as part of Aker Solutions’ efforts to build on its position in the maintenance and modifications sector in Norway. The deal, which gives Aker S
SNC-Lavalin has been awarded a three-year contract, with the option of an extension, to provide telecommunications and electronics maintenance and support for Chevron Australia’s interests in Western Australia. As part of this agreement, SNC-Lavalin will provide both onshore and offshore maintenance
On 6 April, first inter-array cable was installed at the Galloper offshore wind farm in the UK, according to innogy UK.
Wärtsilä has secured a contract to provide propulsion machinery for a new purse seine fishing trawler ordered by Strand Senior. The vessel will be built at the Karstensen Skibsvǣrft shipyard in Denmark. The owners emphasized that the propulsion system should be centred on the Wärtsilä 31 engine. Wär
The International Transport Workers’ Federation (ITF) Cabotage Taskforce, today blasted Australia’s Productivity Commission as entirely missing the point of having a national shipping fleet. According to ITF, the Productivity Commission has recommended deregulation of coastal shipping in a report in
Norway’s Stad Ship Tunnel project, also known as the world’s first full-scale ship tunnel, is moving toward construction process as the plan was made formal. Namely, the Norwegian government submitted a white paper on transportation, the National Transport Plan 2018-2029, on 5 April 2017, which prop
Oslo-listed offshore vessel owner Deep Sea Supply has secured two time charter contract extensions with BP Egypt. The PSVs Sea Spear and Sea Spark have been awarded a 1 year extension of their charter contracts with start from end of current firm period, in July 2017. Both vessels started operations
Oilfield services industry has laid off some 300.000 people since the collapse of oil prices in 2014, however the tide is now turning, according to a Norwegian energy intelligence group. Rystad Energy has carried out a research according to which service companies within the Shale business are now s
By Karolin Schaps LONDON (Reuters) – BP has cut Chief Executive Bob Dudley’s 2016 pay package by 40 percent to $11.6 million (9.30 million pounds), the latest British bluechip company to rein in executive pay after a wave of shareholder revolts. The oil company has reduced Dudley’s payout and introd
Classification society DNV GL has approved Norway-based Torgy LNG’s updated fuel tank design. The updated LNG Type A tank design has been granted a general approval for ship application (GASA) by DNV GL. The original design was the first LNG tank based on the IMO A atmospheric design to have been aw
ConocoPhillips has awarded Babcock a contract for offshore helicopters services in the Timor Sea. Babcock’s subsidiary Babcock Offshore Services Australasia will be providing offshore helicopter support services to ConocoPhillips Bayu-Undan production operations in the Joint Petroleum Development Ar
London-listed oil firm Serica Energy is looking to bring its Columbus gas field online in late 2019, or 2020. The field is located in the UK sector of the North Sea. The company has been trying to develop the field for years. It suffered a major setback back in 2013, when BG, the operator of [&helli
Prosafe, an operator of semi-sub accommodation rigs known as flotels, is still in dispute with Westcon over cost overruns related to Safe Scandinavia’s conversion from flotel to tender support vessel (TSV). In its 2016 annual report on Thursday, Prosafe said that the litigation process relating to t
Nigeria LNG, the operator of the 22 mtpa liquefied natural gas plant on Bonny Island, has reportedly started negotiations on new contracts with potential buyers for gas supplies from its first three Trains. “Trains 1-3 are coming back to the market as they are out of contract by 2022. We started to
