cDiver.net Logo

Category Archives: Outlook

0

CCB, Logiteam Join Forces on Subsea Services

March 13, 2016

Norway’s Coast Center Base (CCB), part of NorSea Group, is teaming up with a consultancy firm Logiteam AS, through an acquisition of 68% of its shares, as it looks to boost subsea services portfolio. According to CEO Kurt R. Andreassen, this partnership is planned to deliver cost savings for CCB’s customers and help the company expand its footprint in the subsea maintenance arena. “The subsea… Continue Reading »

0

Bourbon Books $84 Mln Loss in 2015

March 13, 2016

Bourbon has ended the year 2015 in red as the lower utilization rate and an negative unrealized foreign exchange drove the company into a loss. French vessel owner and offshore services provider has taken a €76.6 million ($84 million) net loss (group share) in 2015, compared to €73.7 million net profit in 2014. The company… Continue Reading »

0

Tekmar’s CPS for DONG Energy’s Race Bank OWF

March 12, 2016

Subsea cable protection specialist, Tekmar Energy won a contract with DONG Energy to supply 189 cable protection systems (CPS) on its Race Bank offshore wind farm in North Norfolk. Tekmar will provide its TekLink mechanical latch system complete with the array and export cables and bellmouths. The CPS systems will be delivered from the company’s manufacturing… Continue Reading »

0

Boskalis Braces for Weaker Year

March 11, 2016

Boskalis has seen a profit drop of 10 per cent in the 2015 and said it expects a ‘substantially lower’ 2016 full-year result, compared to last year’s satisfactory bottom line, despite tough market conditions. The Dutch dredging and marine specialist generated net income of €440 million on revenue of €3.24 billion, versus net income of… Continue Reading »

0

Russia’s Dilemma: Squeeze Oil Industry Without Strangling Growth

March 10, 2016

While the world focuses on Russia’s oil-freeze talks with OPEC, there are discussions behind closed doors in the Kremlin that will have a much more significant impact on the nation’s energy industry. The petrodollars that underpin Russia’s national budget are evaporating. When crude prices were high, increasing revenue simply meant encouraging companies like Rosneft OJSC and… Continue Reading »

0

WATCH: Shetland Tidal Array Sees First Turbine Spin

March 10, 2016

The first power from the Shetland Tidal Array project has been exported to the grid, Nova Innovation and ELSA announced on Wednesday. The first Nova M100 turbine of the array delivered power to the Shetland grid following a winter of operations and testing. The Shetland Tidal Array is a joint enterprise between Nova Innovation (Scotland) and… Continue Reading »

0

China Crude Oil Imports Hit Record 8 MMbopd In February

March 9, 2016

China’s February crude oil imports jumped 20 percent on year to their highest ever on a daily basis, as prices at their lowest in more than a decade drove buying from a group of new importers and state and commercial stockpiling. The world’s second-largest oil consumer imported 31.80 million tonnes of crude last month, or… Continue Reading »

0

Boskalis to Acquire VolkerWessels’ Offshore Activities

March 9, 2016

Royal Boskalis Westminster N.V. (Boskalis) has signed a Letter of Intent (LoI) to acquire offshore activities from VolkerWessels. Under the intended transaction, Boskalis will acquire maritime and offshore wind energy related activities of VolkerWessels, being VBMS, Stemat and VSI (Volker Stevin International). Peter Berdowski, CEO Boskalis: “For many years we have been working closely and… Continue Reading »

0

Goodrich Petroleum Delays $11M in Interest Payments

March 9, 2016

Houston-based Goodrich Petroleum is relying on a 30-day grace period to delay $11 million in March and April interest payments on senior and second-lien senior secured notes. Goodrich has initiated an exchange offering on its outstanding unsecured notes and preferred stock for shares of the company’s common stock. Success of the exchange offering is critical… Continue Reading »

0

Oil & Gas UK Calls for Tax Reform Ahead of Budget

March 8, 2016

Oil & Gas UK has warned that the UK oil and gas sector needs urgent tax reform in the forthcoming Budget to boost the industry’s competitiveness and investors’ confidence in the UK continental shelf (UKCS). The calls for changes in tax follow the trade association’s recent publication of new forecasts which show that in the… Continue Reading »

Login to your account

Can't remember your Password ?

Register for this site!