Aibel wins large Njord Bravo contract
Aibel announced on April 19 that Statoil has awarded the company the contract for the refurbishment and lifetime extension of the Njord Bravo Floating Storage Unit (FSU) of as a part of Statoil’s “Njord Future Project”. The contract is a...
Industry-Academy cooperates to measure microplastics
Together with the Swedish Institute for the Marine Environment, Concordia Maritime recently has initiated a preliminary study to determine the feasibility of gathering important information on the volume of micoplastics in the oceans. By installi...
PPG envisioning FSRU terminal
Phinma Petroleum and Geothermal (PPG), a Philippines-based energy company recently revealed at its general meeting that it signed a contract with three overseas companies for the development of an LNG-to-power project. The $300m project, it is...
Transocean nets multiple offshore jobs
Transocean Ltd. (NYSE:RIG) issued on April 18 a quarterly Fleet Status Report that provides the current status of and contract information for the company’s fleet of offshore drilling rigs. As of today, the company’s contract backlog is $12.5...
Another big year for UK Offshore Wind
The Crown Estate’s 6th annual Offshore Wind Operational Report tracks the progress in the development of the UK’s offshore wind resources over 2017, the busiest year yet for the sector. Key highlights for UK offshore wind in 2017: -Offs...
EU wind blowing to right way
Europe invested a total of €51.2bn in wind energy in 2017. The development of new farms accounted for €22.3bn of this. This is according to WindEurope’s ‘Financing and Investment Trends’ report released today. The rest of the inve...
Additional rig orders expected
In order to fund the construction of 1+3 semi-submersible drilling rigs it has recently ordered from Keppel FELS, Awilco Drilling of Norway is to issue new stocks. Awilco announced that it has decided to carry out a $65m-capital increase...
SHI delays Ocean Rig drillship delivery again
Samsung Heavy Industries (SHI) announced through a regulatory filing on April 18 that it has agreed with Ocean Rig to once again delay the delivery of a drill ship. The Korean shipbuilding giant won the drillship worth $550m from Ocean Rig in ...
Offshore wind industry joins forces to reduce cable failures
Power-cable failures offshore are often the main risk affecting the development and operation of offshore wind farms. Approximately 80% of insurance claims in the offshore wind industry are linked to cable failures. To reduce failure levels, DNV ...
UK’s Partrac launches its US subsidiary
Partrac Ltd., the Scottish-based Marine Survey and Coastal Consultancy group founded in 2003 announced the launch of its US subsidiary, Partrac GeoMarine, Inc. The launch is timed to coincide with the Offshore Technology Conference (OTC) 2018 to ...
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