Topic: Offshore

Aker Solutions posts better than expected results

Aker Solutions has recorded better than expected second-quarter results. Cost-saving measures and increased activity in existing projects have led to higher revenue, earnings and order-intake than anticipated following the outbreak of Covid-19. Read more
|Comment|author: Tobias Pieffers

Van Oord axes 500 jobs

Van Oord becomes the latest offshore contractor to heavily cut back on its workforce. Covid-19, the slump in oil prices and deteriorating market conditions in the dredging industry force the company to cut 500 jobs...Read more
|Comment|author: Tobias Pieffers

Coronavirus likely to spur decommissioning frenzy

With few profitable investment opportunities left as a result of the coronavirus, oil companies will likely increase their spending on decommissioning contracts. Global projects through 2024 could reach a value of 42 billion dollars, say...Read more
|Comment|author: Tobias Pieffers

United Heavy Transport opens doors for business

United Shipping Group has launched a new company called United Heavy Transport. Focusing on the dry tow market, the company operates a fleet of five semisubmersible heavy transport vessels that have been sailing under a...Read more
|Comment|author: Tobias Pieffers

Mammoet and LADOL create project cargo hub in Lagos

PRESS RELEASE – Nigerian company Lagos Deep Offshore Logistic Base (LADOL) and Mammoet, the global have signed a strategic partnership aimed at expanding LADOL’s project cargo capacity for industrial sectors in West Africa. The partnership will enable...Read more
|Comment|author: Tobias Pieffers

OPEC agrees on further production cuts

OPEC and its partners have agreed to further cut production by 500,000 barrels per day in the first quarter of 2020, bringing their new combined cuts to 1.7 million barrels per day. The decision was...Read more
|Comment|author: Tobias Pieffers