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Iberdrola Profits Up with Contribution from OWF

Jul 29, 2019

Spanish public multinational utility company Iberdrola said that its gross operating profit (EBITDA) grew by 12.5% to €4.99 billion, due to the positive performances in the United States, Mexico and Brazil and the contribution of the Wikinger offshore wind farm…

Mammoet Acquires ALE

Jul 29, 2019

Mammoet, the privately held Dutch company specialized in engineered heavy lifting and transport of over-sized and heavy objects, said it has signed an agreement to acquire fellow international heavy lifting and transport specialist ALE.No further…

Bourbon Offshore Files for Reorganization

Jul 29, 2019

French offshore services giant Bourbon Corporation's existing liabilities amount to 900 million euros, or just over $1 billion, according to sources. It is is in serious danger of bankruptcy now that a group of creditors has demanded immediate payment of outstanding debt…

West of England P&I Club Eyes Offshore

Jul 24, 2019

The West of England, a leading A-rated mutual marine insurer, has announced the appointment of a key strategic hire to support its strategy of expansion in the offshore market.Will Tobin will join the Club in July to head up its offshore business…

ERSG Appoints USA Offshore Wind

Jul 10, 2019

UK energy industry recruitment outfit ERSG has appointed Chris Stupack as head of offshore wind in the United States.Stupack will be leading ERSG's office in Boston, which opened in November last year, where the company will be focusing on supporting the development of the offshore wind market…

Hiretech Appoints New MD

Jul 09, 2019

UK-based offshore equipment rental company Hiretech Limited has appointed Keith Mackie  as Managing Director, with current Managing Director and company founder Andy Buchan taking on the newly created role of Chief Executive Officer.Mackie has…

Aker Energy Issues Bonds to AFC

Jul 09, 2019

Aker Energy Ghana, a subsidiary of Norwegian-based oil exploration and production firm Aker Energy AS, has entered into an agreement to issue $100 million of convertible subordinated bonds to Africa Finance Corporation (AFC).AFC also intends to take part in future capital market activities…

Rever Offshore Firms Up North Sea Presence

Jul 05, 2019

The subsea services provider to the oil and gas industry Rever Offshore continued to consolidate its North Sea presence, announcing the successful completion of three standalone contracts for energy major, Total E&P UK.The UK-based company said…

ALE, Murphy Join for Offshore Services

Jul 03, 2019

UK-based ALE Heavylift and compatriot engineering and construction company J Murphy & Sons announced a new collective partnership to offer linear winch hire, pipe pulling and installation engineering services worldwide.As part of the agreement…

Esvagt Eyes Offshore Wind with New Hire

Jul 03, 2019

Esvagt, provider of emergency rescue and response vessels and related services to the offshore energy industry, said it has appointed a new head of business development to lead a push into new services, including in offshore wind.The Danish…

EnscoRowan Changes its Name to Valaris

Jul 03, 2019

UK-based offshore drilling contractor EnscoRowan announced that it will change its name to Valaris, effective July 31, 2019.The London-headquartered firm said in a stock exchange announcement that its ordinary shares will trade under the new ticker symbol VAL following its name change…

GulfSlope Energy Forms JV for GoM

Jul 01, 2019

GulfSlope Energy, an independent oil and natural gas exploration company, has signed a letter of intent to enter a joint venture (JV) for drilling of shallow water depth prospects in the Gulf of Mexico (GoM).The oil and natural gas company focused on exploring offshore U…

DOF Subsea Desperately Seeking Funds

Jun 26, 2019

Norwegian offshore support vessel owner DOF Subsea is seeking a revision of debt terms with creditors as it struggles to achieve a refinancing solution.The cash-strapped subsidiary of Oslo-listed DOF Group has launched a bid to align bond and loan covenants as its refinancing continues…

TechnipFMC Wins ConocoPhillips Award

Jun 24, 2019

American multinational energy corporation ConocoPhillips has rewarded services firm TechnipFMC with a Global Supplier Recognition Award.According to a press release from the UK-based oil and gas services provider, the international awards go…

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…

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Offshore Engineer (Sep/Oct 2019)

This issue of Offshore Engineer is dedicated to Big Data and Digitalization

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