Aurora Tankers, a wholly owned subsidiary of IMC Industrial Group (IMC), launches first of its eight newbuildings – Maritime Comity today. The remaining seven newbuildings are scheduled to be delivered from September this year and until fourth quarter of 2021. The series will be operated in the Aurora Tankers Pool, bringing the total MR fleet …
American Shipping Company ASA (“AMSC” or the “Company”) announces results for second quarter ending 30 June 2020. HIGHLIGHTS AMSC successfully closed a USD 305 million bank debt refinancing with new and existing lenders at attractive and improved terms. The new debt facilities reduce cost of capital and increase free cash flow Launched refinancing of the …
American Shipping Company ASA Reports Increased Dividend by 25% Read More »
Saga Tankers ASA (“Saga”, OSE: SAGA) reported a net asset value (NAV) of NOK 272 million end of the second quarter 2020, corresponding to NOK 1.02 per outstanding share, excluding minority interests and with Vallhall valued at book value. By the end of the second quarter, Saga had a cash balance of NOK 117 million. …
German oil and gas company Wintershall Dea, one of five western partners in the Nord Stream 2 gas pipeline project led by Russia’s Gazprom, has reportedly rejected sanctions planned by the United States. Mario Mehren; Source: Wintershall DEA According to an article by Reuters, the sanctions planned by the U.S. are aimed to discourage its …
Wintershall Dea rejects U.S. sanctions for Nord Stream 2 project Read More »
Oil and gas firms Equinor and ConocoPhillips have been cleared to drill wells by Norway’s Petroleum Safety Authority (PSA) in the North and Norwegian Sea, respectively. Equinor received regulatory approval on Friday from the PSA to drill a sidetrack in an exploration well 35/11-24 in the North Sea, at the Swisher prospect. The well will …
Equinor, ConocoPhillips cleared to drill wells off Norway Read More »
London-listed oil explorer Hurricane Energy has named a new chief executive officer (CEO) of the company. Antony Maris; Source: Hurricane Hurricane said on Friday that it named Antony Maris as an executive director of the company and CEO designate. Maris brings 35 years of oil and gas sector technical and business leadership experience to Hurricane. …
Pharos COO takes Hurricane Energy chief executive role Read More »
SPT Offshore has installed the first suction pile jacket foundation at the 300 MW CTGNE Yangxi Shaba Phase I offshore wind farm in China. Earlier this year, Guangzhou Salvage Bureau appointed SPT Offshore to perform the suction installation services for what is the first such foundation in the South Chinese Sea. The Netherlands-based company said …
DTU Wind Energy has issued a tender for the lease of test stands at the Høvsøre test center for large wind turbines. The deadline for submitting applications is 30 September by 16:00 local Danish time. In June 2018, the Danish Parliament (Folketinget) approved the expansion of the Høvsøre and Østerild test centers by two stands each. Now, Høvsøre comprises a total …
Coda Octopus Group and NAVSEA 00C3 have restarted the GEN 1.0 Diver Augmented Vision Display (DAVD) system roll-out program to the U.S. Navy fleet. The first Navy Team to complete field training and receive delivery of a DAVD GEN 1.0 system is the NAVSEA Southeast Regional Maintenance Center (SERMC) Dive Locker, in Mayport, Florida. This …
Coda Octopus and U.S. Navy restart DAVD system roll-out program Read More »
Dutch Heerema Marine Contractors (HMC) has installed the Yaxche-C jacket and topside for oil company Pemex offshore Mexico. Heerema said on Friday that the Yaxche-C jacket and topside was installed using the deepwater construction vessel (DCV) Balder. According to the company, the project – Heerema’s first for Cotemar – was executed safely with no incidents …
Heerema installs Yaxche platform offshore Mexico for Pemex Read More »
