JGC, Fluor and TechnipFMC to build Africa’s largest LNG project
A consortium of JGC, Fluor and TechnipFMC have won the tender for Africa’s largest liquefied natural gas project that could cost USD 33 billion to build. Scheduled to commence operations in 2025, the Rovuma LNG...Read more
French banks want to buy troubled Bourbon
A group of French Banks have placed a takeover offer to buy the also French and insolvent OSV giant Bourbon. The financially troubled company this morning asked Euronext Paris to suspend the listing of its...Read more
Subsea 7 acquires 4Subsea
PRESS RELEASE – Subsea 7 has acquired 4Subsea, a provider of technology and services that help operators maintain production from subsea oil and gas fields and offshore wind farms. 4Subsea will function autonomously within Subsea 7,...Read more
Three crew members found dead in Bourbon Rhode sinking
Rescue teams have recovered the bodies of three missing crew members, who died following the sinking of tug supply vessel Bourbon Rhode. Eight of the 14 seafarers are still missing. The bodies of the missing seafarers...Read more
Bourbon Offshore vessel sinks in Atlantic, 11 crew still missing
Eleven crew members from the tug supply vessel Bourbon Rhode are still missing, after the vessel sank in the Atlantic ocean. The ship was en route to Georgetown in Guyana when it got hit by...Read more
BIMCO creates first standardized decommissioning contract
PRESS RELEASE – BIMCO’s new Dismantlecon contract is the first global standard contract designed for the dismantling and removal of offshore structures in the energy sector. It is now available and aims to provide a...Read more
GE lands first orders for new mega wind turbine
GE has found the first commercial buyer for its new Haliade-X mega wind turbines of 12 MW. Ørsted will deploy the units on two offshore wind farms in the United States. The Haliade-X currently is the...Read more
OHT to transport 48 jackets for DEME
Offshore Heavy Transport (OHT) has been contracted by DEME to transport 48 jacket foundations for the Moray East offshore wind project in Scotland. The jackets need to be transported from the Lamprell fabrication yard in...Read more
Van Oord also lands Taiwanese offshore wind contract
Ørsted has contracted Van Oord for the cable installation works at the Greater Changhua 1 & 2a offshore wind farms in Taiwan. The Dutch offshore contractor will be responsible for the transport, installation and burial...Read more
Renewable energy capacity growing at fastest rate since 2015
After stalling last year, the renewables energy market is back on track with double-digit growth according to the International Energy Agency (IEA). The growth is driven in particular by solar power and onshore wind energy,...Read more
Allseas bags another decommissioning contract
Allseas has bagged another platform decommissioning contract. The company will remove Repsol Norge’s Gyda Platform, which is located in the Norwegian North Sea. The platform will possibly be reused. The contract covers both the 18,000 tons...Read more
ALE opens office in Sweden for USD 529 million bridge project
ALE Heavy Lift is expanding its Scandinavian operations with a new office in Sweden to provide civil engineering solutions. The move follows after the signing of a new contract worth USD 529 million to install...Read more
Fuel prices skyrocket, but analysts expect spike to be short-lived
Fuel prices have skyrocketed following the drone attacks on Saudi-Arabian oil terminals this past weekend. In major bunker ports like Rotterdam and Singapore prices have shot up as much as 30%, figures from Bunker Index...Read more
Boskalis to build new oil terminal in Iraq
Boskalis has signed a contract with the Iraqi Ministry of Oil for the construction of a new oil terminal in the Middle Eastern country. The new facility is aimed at increasing the export capacity of...Read more
Jan De Nul joins DEME in French renewables market
Following recent news of DEME, the other Belgian offshore contractor, Jan de Nul, has now also signed its first contract for the French renewables market. Through its French subsidiary, Sodraco International SAS, the company will...Read more
Thank you for a wonderful Project Cargo Summit!
The Project Cargo Summit 2019 is a wrap and Promedia Group thanks everyone who attended! The organization looks back at a wonderful edition with twice as many visitors and three times as many exhibitors, compared...Read more
Heerema’s Sleipnir sets new world record lifting 15,300 tonnes
Heerema has set a new world record lifting a module of 15,300 tonnes with its new heavy-lift vessel Sleipnir. Such a load has never been lifted by a crane vessel before. The record was set while...Read more
MHI Vestas receives purpose-built Deutsche Bucht service vessel
With the construction of the Deutsche Bucht offshore wind farm nearing completion, MHI Vestas Offshore Wind received the purpose-built ‘Esvagt Albert Betz’ service operation vessel which was christened in the Dutch port of Eemshaven today. The...Read more