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Connector Subsea Solutions acquires Isotek Oil and Gas

Posted On: 07-06-2020

Connector Subsea Solutions (CSS) has completed the acquisition of Isotek Oil and Gas. The acquisition adds Isotek’s remote welding technology to CSS’s existing range of subsea pipeline repair capabilities which are primarily focused on mechanical clamp and connector pipe joining solutions. The Isotek workforce which numbers 15 people is transferring over to CS..readmore

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Shell farm-in moving forward after Egdon gains extension for UK licences

Posted On: 07-06-2020

The UK’s Oil and Gas Authority (OGA) has granted extensions to Egdon Resources for P1929 and P2304 licences offshore the UK. Oil major Shell farmed into the two licences in late January. Namely, it agreed to acquire 70 per cent stakes in both licences. Egdon’s UK subsidiary would retain the remaining 30 per cent interests. Shell will also be appointed as the licence o..readmore

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Vole au vent back in Halifax for Siemens Gamesa kit

Posted On: 05-06-2020

The Siemens Gamesa turbine components destined for the Coastal Virginia Offshore Wind (CVOW) demonstration project are being loaded onto Jan De Nul’s jack-up vessel Vole au vent in the Port of Halifax, Canada. The vessel first departed from Canada to the project site offshore Virginia on 20 May, carrying the monopiles and transition pieces. After installing both foundati..readmore

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Port of Los Angeles adopts $1.5 billion budget for 2020/21

Posted On: 05-06-2020

The Port of Los Angeles, North America’s leading container seaport, has adopted a $1.5 billion budget for Fiscal Year 2020/21. The port said the budget was based on expectations of slower cargo volumes in the near term and a continued slowdown in the worldwide economy, due to market uncertainties related to the COVID-19 pandemic and the lingering impacts from the 201..readmore

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Irregularities found during emergency preparedness audit of Valaris rig

Posted On: 03-06-2020

Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has found several irregularities regarding the emergency preparedness on the Valaris-owned Valaris JU-292 rig, formerly known as the Rowan Norway. The offshore safety body identified non-conformities relating to fire protection, lifeboats, helicopter deck, signage and marking of evacuation rou..readmore

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Rotterdam hosts world’s largest containership

Posted On: 03-06-2020

The world’s largest containership, the 23,964 TEU HMM Algeciras, sailed into the Port of Rotterdam on June 3, making its first call at Europe’s largest port. HMM Algeciras has claimed the title of the largest containership from MSC Gulsun which has a 23,756 TEU capacity. “We give a warm welcome to HMM Algiceras in the port of Rot..readmore

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Van Oord inks green loan for LNG-powered dredgers

Posted On: 31-05-2020

Dutch marine contractor Van Oord has signed its first green loan that will be used to fund its new liquefied natural gas-powered dredgers.The company said in a statement it signed the loan with Dutch Rabobank and France’s BNP Paribas last month. Van Oord structured the loan according to green loan principles developed by the London-based Loan Market Association. The main goal of the principles i..readmore

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MOG completed as Seastar offshore wind project connects

Posted On: 31-05-2020

The 252 MW Seastar offshore wind farm in Belgium has been connected to Elia’s Modular Offshore Grid (MOG). Seastar is part of the 487 MW SeaMade project which comprises 58 Siemens Gamesa 8.4 MW turbines. The connection of the wind farm marks the completion of the MOG located 40km off Belgium’s coast. The switching platform bundles together the export cables from the Rentel, Northwester 2, Merm..readmore

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First SRIA webinar on demo of wave energy devices

Posted On: 27-05-2020

ETIP Ocean will publish a new Strategic Research and Innovation Agenda (SRIA) on 19 June this year. The SRIA identifies six challenge areas, defined as R&I fields worth investing during the next period of five years. Each area includes several priorities assessed according to the opportunity for the European sector and urgency to overcome them. ETIP Ocean will hold a number of webinars to exchange..readmore

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Hurricane granted more time for UK well work

Posted On: 27-05-2020

Hurricane Energy’s request to extend the deadline for activities planned on the Lincoln license off the UK has been approved by UK authorities due to disruptions caused by the coronavirus pandemic. In an update in relation to planned activities on the Lincoln subarea of Licence P1368, part of the Greater Warwick Area (GWA), Hurricane said on Wednesday it had requested extensions to certain licen..readmore

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PGS releases Côte d’Ivoire GeoStreamer data

Posted On: 23-05-2020

Marine geophysical firm PGS has released new multi-azimuth GeoStreamer 3D for Côte d’Ivoire. This 900-square-kilometre survey should provide increased resolution and sharper imaging of Upper Cretaceous plays in Côte d’Ivoire block CI-706. Recently completed final depth processing has improved illumination of the block, adding a second azi..readmore

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ST Engineering, Nauti-Craft join forces on offshore wind CTVs

Posted On: 22-05-2020

ST Engineering Marine and Nauti-Craft have signed a Letter of Intent (LOI) to jointly develop and supply new crew transfer vessels. Primarily, the two companies aim to explore the opportunity to incorporate Nauti-Craft’s marine suspension technology into vessels built by ST Engineering. As a further step, they intend to develop, build and suppl..readmore

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Nippon Paint Marine’s new coating gaining on popularity among dry bulk owners

Posted On: 22-05-2020

Nippon Paint Marine’s new coating Neoguard Toughness is becoming popular among dry bulk owners, with almost 40 applications. The company said that its coating has been applied to the holds of 37 bulk carriers operated by owners that include Eastern Pacific Shipping, Synergy Group, Far East Lines, Iskenderun Shipping, and Wisdom Ma..readmore

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Report: Total secures $14.4 billion Mozambique LNG financing

Posted On: 20-05-2020

French energy company and LNG player Total has reportedly secured $14.4 billion funding for its liquefied natural gas export project in Mozambique. The financing deal includes a group of around 20 lenders for the first phase of senior debt funding, Reuters reported onThursday citing unidentified sources. The French company expects the ..readmore

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Write-downs push Teekay LNG to Q1 loss

Posted On: 20-05-2020

Teekay LNG Partners, one of the world’s largest owners of LNG carriers, reported a slump in profit for the first three months of the year. The company reported a $33 million net loss,down from $21.6 million profit in the first quarter of 2019. The results were impacted mostly by write-downs of $45 million recorded on six multi-gas carriers in the f..readmore

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3 Missing after Collision between Tanker and Fishing Vessel

Posted On: 19-05-2020

Three sailors are reported to be missing following a collision between a Russian-flagged tanker Glard 2 and a Turkish-flagged fishing vessel Dursun Ali Coskun early Friday morning in the Istanbul Strait. The collision occurred at the north side of the Istanbul Strait at around 06:00 hours local time on January 10, causing the fishing boat to capsize and sink, ..readmore

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Damen Poised to Develop Shipbuilding in Bangladesh

Posted On: 19-05-2020

Dutch shipbuilder Damen Shipyards Group and Australian-based Gentium Solutions have signed a memorandum of understanding (MoU) with the Ministry of Industry of Bangladesh,seeking to establish and develop shipbuilding and ship repair industry in Bangladesh. Damen said that the aim was to build ships in Bangladesh, for Bangladesh, with a long..readmore

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Repsol gets green light for use of Maersk Inspirer rig on Yme

Posted On: 18-05-2020

Spanish oil company Repsol has received consent from the Norwegian offshore safety body,the Petroleum Safety Authority (PSA), to use the Maersk Inspirer jack-up rig on the Yme field offshore Norway. The PSA said on Monday that the consent covers connection,completion and start-up preparations in conjunction with previously i..readmore

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UK safeguards critical freight routes with £35 million support

Posted On: 18-05-2020

The UK government has signed agreements with six operators to provide up to £35 million to help ensure there is enough freight capacity to prevent disruption to the flow of goods. The companies in question are Brittany Ferries, DFDS, Eurotunnel, P&O, Seatruck and Stena.As explained, the decision has been made to protect sixteen ..readmore

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GC Rieber takes impairment dive

Posted On: 14-05-2020

GC Rieber Shipping has seen its quarterly loss widened on Subsea Renewables fleet impairment as a result of current market. Namely, the company recognised an impairment of its Subsea & Renewables fleet in Q1 2020 of NOK 293.3 million. As a result, GC Rieber booked loss of NOK 301.6 million, against NOK 104.5 million loss same time last year. The company..readmore


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