Dutch offshore construction and engineering company Heerema Fabrication Group (HFG) intends to divest a significant part of its activities in the field of design and fabrication of complex steel constructions for the offshore market.HFG has…
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Sapura Energy Wins Contracts in Mexico, Malaysia
Malaysia-based integrated oil and gas services Sapura Energy Berhad has strengthened its presence in Mexico and Malaysia with new contract wins valued at approximately RM1.75 billion (USD 410 mln).The new contracts have lifted the company’s…
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Shell Australia Agrees to Sell Stake in Natural Gas Fields to Timor-Leste
Royal Dutch Shell's Shell Australia said Wednesday it entered into a sales agreement with Timor-Leste to sell the government a 26.56% interest in the Greater Sunrise fields for $300 million.The Greater Sunrise fields, comprised of the Sunrise and Trou...
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Teledyne Bowtech Supplies Deepwater Lamps to Triton Submarines
Teledyne Bowtech, which specializes in the design and manufacturing of underwater vision systems, announced the supply of modified LED-V-Series deep water lamps for installation on board Triton submarines for the Five Deeps Expedition, a collaboration…
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ALE, OM Heavy Lift to Raise Dundee Offshore Profile
Global heavy lift and transportation specialist ALE has expanded its heavy lifting services by establishing a non-disclosure agreement with the Port of Dundee, which is owned by Forth Ports, and lifting, jacking and storage specialist OM Heavy…
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Alaska Marine Lines Expands to Arctic Ports
Alaska marine transportation company Alaska Marine Lines said that it is expanding its service from Seattle and Anchorage to the Arctic Region in 2019.Bowhead Transport will provide the destination services at the North Slope villages of Point Hope…
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Cepsa Appoints Musabbeh Al Kaabi as Chairman
Spanish multinational oil and gas company Cepsa announced that Musabbeh Al Kaabi was named as Chairman in succession to Suhail Al Mazrouei at a meeting of the Board of Cepsa.This follows the appointment by Mubadala, as sole shareholder, of Saeed Al Maz...
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Gazprom to Review Shale Gas and LNG Sectors
Russian energy giant Gazprom revealed that there is still a high level of uncertainty in the long-term forecasts for U.S. shale gas production. It also said that the number of LNG-consuming countries would grow in the long term.Gazprom's Board…
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Samsung Heavy Uses Eco-friendly Paint for Vessels
South Korea's shipbuilder Samsung Heavy Industries has applied a solvent-free coating on its liquefied natural gas (LNG) carrier, saying it is the first case of a commercial ship applying such an eco-friendly paint.According to the company, it has succ...
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Hapag-Lloyd unveils “Strategy 2023”
As the liner industry has come to a turning point following a period of consolidation, Hapag-Lloyd unveiled its five-year strategy, prioritizing profitability, service, and cost savings in a container shippingLarge-scale acquisitions is not…
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