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…
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…
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…
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…
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, 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…
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…
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…
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…
The Port of Tyne, which comprises the commercial docks in and around the River Tyne in Tyne and Wear in the northeast of England, is increasing their offer to potential offshore wind manufacturers.Offshore wind could provide 30% of Britain's electricity generation by 2030…
The chairman of the board of directors of the Norwegian geophysical services company Electromagnetic Geoservices ASA (EMGS), Eystein Eriksrud, has notified the company that he will not seek re-election at the end of his current service period…
Canada-based Brookfield Business Partners has made an offer to purchase the publicly traded units of Teekay Offshore Partners (TOP), midstream services provider to the offshore oil production industry, that it doesn't already own.The offer was for $1…
Offshore helicopter services provider Bristow Group filed for chapter 11 bankruptcy protection after reaching a deal with senior bondholders on a plan to slash its debt load.The struggling Houston-based helicopter operator for offshore oil and…
Offshore engineering consultant Aqualis has entered into an agreement to acquire the marine, adjusting, and offshore business lines from the London-based Braemar Technical Services (BTS), a division of Braemar Shipping Services, in exchange for an equity stake in the group…
Kathleen M. Eisbrenner, a liquefied natural gas (LNG) industry pioneer and Founder and Chairman of the Board of Directors at US based LNG development company NextDecade Corporation, has passed away at the age of 58.Eisbrenner enjoyed a remarkable career…