“Offshore project sanctioning ready to reach heights not seen since the USD 100 barrel of oil”
Offshore project sanctioning in the oil and gas industry has already surpassed the USD 50 billion mark in 2019, nearing the investment level of 2014. “This is yet another signal that the offshore industry has...Read more
DP World acquires offshore giant Topaz Energy for USD 1 billion
DP World has bought offshore logistics provider Topaz Energy and Marine for USD 1,079 million. With the acquisition, the Saudi-Arabian terminal operator wants to strengthen its position in maritime logistics services and explore new business...Read more
Pioneering Spirit removes another topside
The Pioneering Spirit has removed another platform topside. With a weight of 3,800 tons, the Valhall QP topside is the lightest one yet. The Valhall QP platform removal is the first job for Allseas under a...Read more
Blue Water readies for growth in Caspian region
Blue Water Shipping has expanded its presence in Kazakhstan with a new office in Atyrau. With the expansion, the company strengthens its presence in the Caspian region which is important for its oil and gas...Read more
First LNG cargo shipped from Shell’s Prelude project
Shell today announced that the first shipment of liquefied natural gas has sailed from its enormous Prelude FLNG production facility, that is located 475 kilometres North East of Broome in Western Australia, in a region...Read more
Norway raises oil and gas expectations
Norwegian investments in the oil and gas industry will be higher than expected in 2019. Statistics Norway has raised its expectations by 6% to USD 21.1 billion. The upward adjustment follows the expansion of two new...Read more
Sikorsky wins USD 1.1 billion US Navy contract for 12 heavy-lift helicopters
Helicopter manufacturer Sikorsky has won a USD 1.13 billion deal from the U.S. Navy to build 12 CH-53K heavy lift helicopters. The latest version of this aircraft, called the King Stallion, can lift up to...Read more
Heerema launches new decommissioning company
Together with Decom Energy and AF Offshore Decom, Heerema Marine Contractors has launched a new company for the offshore decommissioning of platforms called Fairfield Decom. “Through this bold step, a unique late-life operations and decommissioning operator...Read more
MacGregor completes first fibre-rope offshore crane
Cargotec subsidiary MacGregor says it has completed the construction of the first fibre-rope offshore crane to enter the market. According to the company, the new crane enables users to exploit its full lifting capacity in...Read more
Rhenus Logistics continues American shopping spree
Rhenus has acquired the Miami-based international freight forwarder Freight Logistics. The takeover follows prior acquisitions in Brazil and Canada, all aimed at strengthening Rhenus’ position in the Americas. Freight Logistics was founded in 2001 in the...Read more
TechnipFMC wins North Sea EPCI-contract of at least $250 million
TechnipFMC has been awarded a “substantial” EPCI-contract from Neptune Energy for the Duva and Gjøa P1 projects, located in the Norwegian sector of the North Sea at a water depth of 375 meters. The contract covers...Read more
DEME integrates offshore services
Belgian offshore group DEME has integrated its subsidiaries GeoSea, Tideway, A2Sea and EverSea into DEME Offshore to form a more ‘agile organisation’. By integrating all of our offshore activities, expertise and capabilities into a more agile...Read more
Wilhelm Wilhelmsen books deficit of 74 million dollar
Norwegian shipping company Wilhelm Wilhelmsen has booked a loss of 74 million dollar in 2018, as the preliminary annual figures show. ‘The value of our investments took a beating in the fourth quarter’, says Group...Read more
Oil and gas industry returns to action, says WoodMackenzie
After a difficult few years, the oil and gas industry is picking up the pace of its recovery. The exploration sector is back in the black and set to improve further in 2019, reports analyst...Read more
Large number of offshore ships laid up worldwide
Across the globe, large parts of the offshore fleet are laid up. In a number of areas, as much as half of the active fleet is even involved. According to figures by VesselsValue, South East...Read more
BOW Terminal takes position in Eemshaven
By signing the purchase agreement for a total of 22ha of land in Eemshaven the Flushing based company BOW Terminal has definitively decided to expand their future offshore wind activities with a new logistics hub...Read more
Boskalis Ndurance’ cable trencher successfully tested at Alexiahaven
The cable laying/multi purpose vessel Ndurance of Boskalis performed a number of trials at Alexiahaven, Maasvlakte 2. The diesel electric vessel Ndurance is a multipurpose vessel, it can be outfitted for cable laying or a wide...Read more
First pile driven at North Sea Port for maintenance base Ørsted
On Tuesday 11 December 2018, Ørsted drove the first pile for its wind farm maintenance base at Vlissingen, part of North Sea Port. The Danish energy giant Ørsted has begun construction of the maintenance base for...Read more