US offshore wind investments could overtake offshore oil and gas by 2025
Installed offshore wind capacity in US waters could reach 20GW by 2030 and annual investments in the sector could surpass USD 15 billion by the mid-2020s. That would mean capital expenditure in US offshore wind...Read more
Blue Water Shipping targets growing oil industry in Guyana
Blue Water Shipping has opened a new project logistics office in Guyana expecting to profit from the growing oil & gas industry in the region. “We see an increasing demand for complete project management”, says...Read more
Fred. Olsen Windcarrier completes first-ever decommissioning contract
Fred. Olsen WIndcarrier has completed its first-ever decommissioning contract with the removal of Perenco UK’s Tyne and Guinevere gas platforms, which were stationed in the Southern North Sea. The offshore work commenced in December 2019 and...Read more
Van Oord under fire for involvement in controversial Angolan project
Dutch offshore contractor Van Oord has come under fire for its involvement in an Angolan city development project for which three thousand families were violently moved out of their homes. The company says it was...Read more
Van Oord teams up with NYK to target Japanese wind market
Van Oord and NYK are teaming up to jointly own and operate offshore wind installation vessels under the Japanese flag. With the collaboration, the companies want to leverage Van Oord’s expertise in offshore wind and...Read more
US-based Crosby Group acquires offshore mooring specialist Feubo
PRESS RELEASE – Lifting and rigging specialist Crosby Group has acquired Feubo, has completed the acquisition of Feubo, a supplier of offshore mooring components for the oil and gas and wind energy markets. The acquisition, effective...Read more
One dead and five sick after illness strikes Boka Vanguard transport
The world’s largest heavy cargo vessel, Boskalis’ Boka Vanguard, has interrupted its voyage from China to Brazil in South Africa to land five seriously ill and one deceased seafarer. It concerns crew members of the...Read more
Promedia and Dutch Shipbrokers Society join forces for Project Cargo Summit 2020
PCJ’s publisher, Promedia, has signed a partnership agreement with the Dutch Shipbrokers Society for the next edition of the Project Cargo Summit. In 2020, this dedicated project cargo event will be organised in close collaboration...Read more
Siemens Gamesa set for giga growth in US with major contract
Siemens Gamesa Renewable Energy (SGRE) has been selected as the preferred turbine supplier for the massive 2,64 GW Dominion Energy Virginia Offshore Wind project in the USA, the largest offshore wind power project in the...Read more
DEME completes foundation of Belgium’s largest wind farm
PRESS RELEASE – DEME has completed the installation of 58 monopile foundations and two offshore substation foundations at the SeaMade offshore wind farm in the Belgian North Sea. The last monopile foundation landed on the...Read more
Siemens Gamesa reaches EUR 1.72 billion in green financing
PRESS RELEASE – Siemens Gamesa Renewable Energy is moving forward in its strategy of making sustainability a key element of all aspects of its business, including its funding strategy. Siemens Gamesa recently extended a guarantee line...Read more
Portugal’s first floating wind farm starts producing
PRESS RELEASE – The first platform of the WindFloat Atlantic floating wind farm has started producing energy for Portugal’s power grid, after being successfully connected on 31st December. The platform is equipped with an 8.4...Read more
Equinor will spend EUR 5 billion to cut emissions with 40% by 2030
Equinor has launched a new climate initiative to reduce the absolute greenhouse gas emissions from its operated offshore fields and onshore plants in Norway with 40% by 2030, 70% by 2040 and to near zero...Read more
VOS Singapore secures new ship management contract
PRESS RELEASE – VOS Singapore has secured a new third-party ship management contract with a Bruneian Offshore Support Vessel owner and operator Lantana Services. The vessel in question is the 2011-built anchor-handling tug supply (AHTS) vessel...Read more
Allseas CEO: “Stopping Nordstream 2 hurts our honour”
In a rare interview, Allseas CEO Edward Heerema said stopping Nordstream 2 was first and foremost damaging to the company’s sense of honour. “It’s a disappointment, we really wanted to take credit for it”, he...Read more
Ardent moves away from decommissioning to refocus on salvage
Ardent has announced it will refocus its business strategy away from decommissioning towards its core business of emergency management and wreck removal. The company will also move its headquarters from Houston to IJmuiden in the...Read more
Banks take control of Bourbon
A group of banks will take control of Bourbon’s assets effective January 2nd, 2020. With that decision from the Marseilles Commercial Court, Bourbon’s six-month-long reorganization process has come to an end. Bourbon had received at least...Read more
Drill rigs are being sold at historic low prices
PRESS RELEASE – VesselsValue sounds the alert on MODU (Mobile Offshore Drilling Unit) values following the sales of two modern premium jack-up units to separate buyers at historic lows. Ravi Mehrota backed Foresight Drilling has picked...Read more