ORE pursuing marine electrical hub
The Offshore Renewable Energy (ORE) Catapult has appointed two of the UK’s top universities, with strong track records in electrical engineering, to join its £3.1million research Hub. The Universities of Strathclyde and Manchester will join...
Solstad reveals new contracts and extensions
Solstad Farstad ASA (“SOFF”) announced new awarded contracts and contract extensions for six vessels. BP Egypt has declared the one-year option on the PSV Sea Swift resulting in continuous utilization of the vessel through to August 2019. ...
"FLNG market tipped for ‘2nd wave’"
Around $53bn will be invested in the global FLNG project from 2019 to 2024, a report said. Westwood Global Energy Group, a UK energy market consulting firm, said in a recent report that 80% of the investment (about $42bn) will be spent o...
Keppel secures offshore contracts
Keppel Offshore & Marine Ltd (Keppel O&M) has through its wholly-owned subsidiaries secured two contracts with a combined value of about S$70 million. In Brazil, Keppel FELS Brasil Ltda (Keppel FELS Brasil) has been engaged by its long...
WES awards £1.4m to three projects
Wave Energy Scotland (WES) is awarding contracts with a total value of £1.4 million to three innovation projects designed to support further investigation of promising structural materials and manufacturing concepts to be used in the constructio...
EIB approves funding for offshore energy sector
The European Investment Bank approved a total of EUR 12.6 billion of new financing for 83 projects located across Europe, Asia, Latin America and Africa. This represents a record level of new support ever agreed at a monthly meeting of the EIB Bo...
SHI cuts Coral FLNG steel in September
Samsung Heavy Industries (SHI) is cutting the steel for Coral FLNG project in coming September. According to the industry, SHI is starting the construction of the $2.5bn floating platform it won back in June 2017. Coral FLNG, led by an Ital...
SUBSEA 7 awarded offshore contract
Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) announced on July 19 the award of a sizeable offshore Transportation and Installation contract. Offshore execution is planned for 2020. No further details are disclosed at this time due to con...
Mermaid Maritime wins subsea services contract
Mermaid Maritime Public Company Limited (“Mermaid”) announced that its Middle East business unit has been awarded a subsea services contract in a GCC country with an initial contract value of USD 16 million. The contract award, with work s...
Lamprell announces jack-up refurb jobs
Lamprell recently announced that it has made good progress on the East Anglia One offshore windfarm project (EA1 Project) with costs trending within our previous guidance. Earlier this week the last remaining fully-assembled jackets were loaded o...
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