People & Company News


Aqualis completes Braemar Acquisition

Jun 21, 2019

Offshore engineering consultant Aqualis has completed the acquisition of the London-based Braemar Shipping Services' offshore, adjusting and marine consultancy business Braemar Technical Services (BTS).The new company, called AqualisBraemar…

Vattenfall Launches Maiden Green Bond

Jun 14, 2019

Swedish energy company Vattenfall has issued a EUR500mln green bond, its first such issuance, with the proceeds earmarked for a number of projects, including renewables.The bond with a tenor of seven years is offering investors the chance to “support the transformation of the energy system”…

MHI Vestas Opens First US Office

Jun 12, 2019

Danish wind turbine manufacturer MHI Vestas Offshore Wind has opened its first US office in Boston, Massachusetts.The office will focus initially on sales and strategy as it develops a local footprint for projects in the region as as MHI Vestas gears up for Vineyard Wind…

NorSea Wind Appoints Pedersen CEO

Jun 11, 2019

NorSea Wind, part of the Wilhelmsen Ship Management (WSM) Group, has named Anders Peter Pedersen as its new chief executive officer (CEO).  Pedersen  has extensive experience from the green energy sector. A lot has happened in the harbor since…

ERSG Ties-up with Taiwan Offshore

Jun 11, 2019

Taiwan Offshore Windfarm Service Corp (TOWSC) has entered into collaboration agreement with the UK energy industry recruitment outfit ERSG for future business in Taiwan's offshore wind sector.  Both parties target the manning services from construction…

KCA Deutag Names Elkhoury CEO

Jun 11, 2019

Drilling and engineering contractor KCA Deutag has appointed a new chief executive Joseph Elkhoury, as ­current boss Norrie McKay prepares to retire. McKay will remain with the group in an advisory capacity until December 31, 2019, working closely with Joseph to ensure a smooth transition…

Buss Forms French Offshore JV with IDEA

Jun 07, 2019

German-based Buss Offshore Solutions and French industrial logistics firm IDEA have formed a joint venture to target the French offshore wind market.The JV follows the signing of a declaration of intent  in September 2018. The two companies named the JV as Buss IDEA Offshore…

Brayton Expands to Offshore Wind

Jun 05, 2019

North American brownfield redevelopment firm Commercial Development Co. Inc. (CDC) has announced an expanded port operations agreement at the Brayton Point Commerce Center, a former Massachusetts coal plant being redeveloped into an offshore wind hub…

Wilhelmsen Acquires 50% of NorSea Wind

Jun 05, 2019

Norway-based global maritime industry group Wilhelmsen Ship Management (WSM) has announced the acquisition of a 50% stake of NorSea Wind and it’s subsidiaries to expand its offerings in the the renewable wind energy market.NorSea Wind, founded in 2016 as a subsidiary of  Norsea Group…

EMGS Appoints Lindhom as CEO

Jun 03, 2019

Electromagnetic Geoservices (EMGS) has appointed Bjørn Petter Lindhom as the permanent CEO of the company.Lindhom assumed the position of interim CEO of the company on December 01, 2018, and now the board of directors resolved to make the appointment permanent…

ST Engineering Sets Up Mississippi Subsidiary

May 31, 2019

Singapore Technologies Engineering (ST Engineering) announced that its U.S. company Vision Technologies Systems (VT Systems) has set up a subsidiary ST Engineering Halter Marine and Offshore, based in Pascagoula, Miss., with share capital of US$10 (approximately S$13…

Edda Accommodation CEO Retires

May 29, 2019

Edda Accommodation, a specialized provider of offshore accommodation service vessels, has announced that Johan Rokstad retired as CEO.The managing director role of Edda Accommodation is now transferred to Kenneth Walland, CEO of Østensjø Rederi…

Uniper Sells Italian LNG Plant Stake

May 28, 2019

German energy group Uniper has concluded an agreement with Australian fund First State Investments to divest its stake in OLT Offshore liquefied natural gas (LNG) Toscana.First State Investments will acquire Uniper’s entire OLT stake. The purchase price for Uniper’s stake amounts to approx…

Bumi Armada Profit Up 28.5% in Q1

May 27, 2019

Malaysia's offshore oilfield services firm Bumi Armada announced that its first-quarter net profit jumped 28.5% on-year, mainly thanks to joint ventures, lower cost of sales, and lower distribution costs.Net profit for the January-March period climbed to 62…

TenneT Issues EUR1.25bln Green Bond

May 22, 2019

Netherlands-based transmission system operator TenneT Holding B.V. has launched and priced another Green Bond issue of EUR 1.25 billion, with proceeds set to be used for investing in offshore wind.The Green Bond issue is split in two tranches…

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