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
Maersk Supply Service awarded North Sea decommissioning contract
Maersk Supply Service has been awarded a contract by Fairfield Betula Limited for the removal of the Dunlin Alpha platform’s subsea conductors and guide frames. (more…)Read more
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
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
Aker Solutions could temporarily lay-off up to 6,650 employees
Aker Solutions might temporarily lay-off as much as 6,650 of its 16,000 employees. The company has also initiated an early retirement program and frozen all salaries including that of executive management. “The first months of...Read more
This is how the world’s mightiest offshore cranes work
The giant cranes onboard crane vessels may all look similar, but crane specialists know better. Heerema Marine Contractors had important choices to make for the 10,000-tonne cranes of the Sleipnir. Both for the crane type...Read more
More than 200 European oilfield service providers face bankruptcy
More than 200 European mid- and small-sized oilfield service companies face insolvency as Covid-19 will hit the market hard and cut purchases by USD 5 billion year-on-year, a new analysis by Rystad Energy shows. In pre-coronavirus...Read more
RHB adds second heavy-lift crane in port of Rotterdam
PRESS RELEASE – Rotterdam stevedore company RHB Stevedoring & Warehousing has bought a second mobile shore crane for loading and unloading of heavy-lift, offshore and project cargo. The company has purchased a Liebherr LHM 550...Read more
Maersk Decom wins first “end-to-end” decommissioning contract
PRESS RELEASE – Maersk Decom has won its first complete end-to-end plugging and abandonment decommissioning contract since the joint venture was established in 2018. The contract was awarded by Tullow Oil and concerns the Banda...Read more
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
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
Amsterdam IJmuiden Offshore Ports appoints Sylvia Boer as new director
PRESS RELEASE – Sylvia Boer (37) has been appointed as the new director of Amsterdam IJmuiden Offshore Ports (AYOP) and will take up her role on 1 February 2020. She will serve as the linchpin...Read more
Jan De Nul switches to renewable fuel in Benelux, urges industry to follow
PRESS RELEASE – Jan De Nul Group is switching fuels aboard its dredging vessels in the Benelux. Trailing suction hopper dredger Alexander von Humboldt will be the first vessel of the company to completely switch...Read more
Kvaerner reports high revenues but warns for lower rates in 2020
Norwegian EPC-contractor Kvaerner has booked high revenue and order intake in the third quarter of 2019. However, CEO Karl-Petter Løken warns of a poorer year ahead. Kvaerner’s revenue increased sharply from USD 185 million in the...Read more
Spliethoff orders new transport and installation vessels
PRESS RELEASE – Spliethoff has recently signed a contract with Mawei Shipyard for the newbuild of two DP2- B-type vessels. The versatile characteristics of Spliethoff’s new B-Type make this vessel unique in the market, the...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
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 moreHeerema’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