Aramco-NOV form JV to enter rig market
Saudi Aramco signed a shareholder agreement with National Oilwell Varco, Inc. (NOV) to form a joint venture partnership to establish an integrated world-class on-shore rig and equipment manufacturing and aftermarket facility in Ras Al-Khair in Sa...
FRO – Investment in Feen Marine Scrubbers
Frontline Ltd. (the “Company” or “Frontline”) (NYSE:FRO) announced on June 28 that it has entered into memorandum of agreement (“MOA”) to acquire a 20% ownership interest in Feen Marine Scrubbers Inc., a leading manufacturer of exhaus...
Alfa Laval's strong presence at SMM
Alfa Laval will once again have a strong presence at SMM, the world’s most prominent maritime exhibition. As the company enters its second century of marine service, the focus will continue to be on lifetime vessel performance – achieved thro...
Cargill adds efficient baby-cape vessels to fleet
Cargill reached an agreement with CSSC Leasing, a division of China State Shipbuilding Corporation (CSSC), to time-charter four new baby-cape vessels. The agreement includes an option for two more vessels. Baby-cape vessels are typically between ...
Subsea 7 awarded contract offshore Angola
Subsea 7 (Oslo Børs: SUBC, ADR: SUBCY) announced on June 28 the award of a substantial contract by Total E&P Angola for the engineering, procurement, installation and commissioning of the subsea flowlines and umbilicals for the Zinia Phase 2...
Fincantieri to build Great Lakes Barge
Fincantieri Bay Shipbuilding has signed an agreement with VanEnkevort Tug & Barge, Inc. to construct a new self-unloading barge for transportation of bulk products throughout the Great Lakes region. Measuring 740 feet in length (78 feet W,...
KCA Deutag awarded contract in North Sea
KCA Deutag announced on June 27 that its offshore business unit has been re-awarded a new drilling contract on the North Alwyn and Dunbar platforms by Total E & P UK Limited ("Total"). The contract is for the provision of platform drilling...
West Mira awarded drilling contract by Wintershall
Northern Drilling Ltd (Oslo Axess: NODL) announced its harsh environment rig West Mira has secured a firm contract for 6 wells with Wintershall Norge AS for the Nova field with contract commencement expected in March 2020. Wintershall is Germany...
1st US hydrogen ferry project commenced
It turned out that Golden Gate Zero Emission Marine (GGZEM), an eco-friendly ship propulsion research institute in the US, has received a $3m grant from the California Air Resources Board (CARB) for the construction of the first hydrogen fuel cel...
EU supports world's 1st hydrogen Ro-Pax business
An European consortium has received financial supports from the European Union (EU) for its project to build hydrogen-powered ship. The consortium led by Ferguson Marine Engineering, a British shipbuilder, plans to invest about $15m in the con...
2018 - 7
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