Contracts

Nautilus Awards Contract for Dewatering Plant Design

Nautilus Minerals Inc. has awarded a contract for the design of the Solwara 1 dewatering plant to be used on the company’s production support vessel to the Brisbane

CWind Supports Ballast Nedam at Butendiek OWF

CWind, a provider of integrated services to the wind industry, announced today that it is providing corrosion protection services to Ballast Nedam at Butendiek Offshore Wind Farm (OWF).

Sea Trucks Returns to the Gulf of Mexico

Offshore installation services provider Sea Trucks Group announced it has been awarded a charter contract for its accommodation construction vessel Jascon 31 to operate in the Gulf of Mexico,

Eastern Launches Second MPSV for Hornbeck

Eastern Shipbuilding Group, Inc. has launched the second of two 302’x76’x26’ multipurpose service vessels in the HOSMPSV 310ES series for Hornbeck Offshore Services, LLC.

Polarcus Awarded Project Off West Africa

Polarcus Limited informs it has received a Letter of Intent (LOI) from an undisclosed client for a 3D marine seismic project offshore West Africa utilizing Polarcus'

Coal Prices Fall Amid Weak Chinese Demand

Physical coal prices in Australia and Europe continued to fall over the past week, pushed lower by concerns over demand in China after a massive rout in the country's stock market.

Total Beats Street with Cost Cuts

Net adjusted profit $3.1 bln vs $2.6 bln consensus. French oil company Total posted higher than expected second-quarter profit on Wednesday, helped by increased

Daewoo Logs $2.6 bln Q2 Operating Loss

Daewoo Shipbuilding & Marine Engineering Co Ltd reported on Wednesday a provisional second-quarter operating loss of 3.03 trillion won ($2.62 billion), citing construction

Bleak Offshore Market Weighs on Sembcorp Marine

Singapore's Sembcorp Marine Ltd said its second-quarter net profit fell 17 percent from a year earlier, as low oil prices led to cuts in global exploration and production expenditure.

Miner Cliffs Natural Posts Q2 Profit

Iron ore and coal producer Cliffs Natural Resources Inc reported a second-quarter profit, compared with a year-ago loss, helped by lower costs. The company reported

Nigeria LNG to Receive Four Ships in 2015

Nigeria Liquefied Natural Gas Company (NLNG) expects to take delivery of four LNG carrier ships before year-end and another two next year, its chief executive said,

Marathon, OMV Return Croatia Oil Licenses

Blow to Croatia, which is keen to boost its energy sector; OMV cites low oil price and investment slow-down. Houston-based Marathon Oil and Austrian energy group

Oil Falls for Sixth Day, Glut Bites

OPEC oversupply 3 million bpd in Q2 - Reuters survey. Oil prices fell for a sixth day on Wednesday, marking their longest string of losses in a year, as worsening

Sembcorp Marine: No Sete Brasil Payments This Year

Singapore's Sembcorp Marine has not received payment from Sete Brasil on drillship projects this year and may slow down the projects if the situation persists, a company executive said on Wednesday.

Hess Posts $567 million Q2 Loss

Oil producer Hess Corp reported a second-quarter loss on Wednesday as a more-than 50 percent drop in crude prices in the past year ate into results. For the period,

Anderson Appointed Chairman of Lerwick Port

  Brian Anderson has been appointed Chairman of Lerwick Port Authority at the board’s Annual General Meeting in July.  Formerly Deputy Chairman, Brian succeeds

Hurricane Bags Two Blocks Off Shetland

  Hurricane Energy plc, the UK-based oil and Gas Company focused on hydrocarbon resources in naturally fractured basement reservoirs has been successful in its

Japan Seeks Australian Submarine Contract

 Japan will send a high-level delegation to Adelaide for talks on building Australia's next-generation fleet of submarines.   A former commander of the Japanese

Ghana to Roll out Shipping Training

 Ghana is considering establishing modalities to compel shipping companies to introduce a training regime which ensures that their local staff gain professional qualifications in shipping.

Davao Sasa Port Modernization Project Attracts 6 Firms

 Six local and foreign firms have expressed interest to construct a modern Davao Sasa Port, the Department of Transportation and Communications (DOTC), Philippines said.

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