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  1. Future Industry Investment Fund purchases stake in CIMC Offshore

    Offshore staff HONG KONG – China International Marine Containers (Group) Co., Ltd. (CIMC HK) has agreed to sell a 15% equity interest in CIMC Offshore to Future Industry Investment Fund upon completion of a capital contribution of more than $145 million.   Following the investment, CIMC HK will retain 85% of CIMC Offshore, which will remain its indirect subsidiary. The group said the money will be used in the expansion, research and development, and production and capex related to CIMC Offshore’s business or as general working capital related to its potential operations. 12/08/2016

    Online Articles

    Online Articles

    Thu, 8 Dec 2016

  2. Polarcus lines up further seismic surveys offshore South America

    Polarcus has letters of intent for two further marine seismic projects offshore South America.

    Online Articles

    Online Articles

    Thu, 8 Dec 2016

  3. BGP Pioneer starts seismic sweep offshore Cuba

    BGP Marine ’s vessel BGP Pioneer has started acquiring a 2D multi-client survey offshore Cuba, after signing a contract with state-owned Cuba-Petroleo Co.

    Online Articles

    Online Articles

    Thu, 8 Dec 2016

  4. Groups want Trump to weigh in on breaching Snake River hydropower dams

    Dozens of organizations and decision-makers that oppose breaching of the Lower Snake River Dams in Washington State said Dec. 6 that they are urging the incoming Trump Administration to directly intervene and/or convene a "God Squad" committee to protect the Lower Snake River Dams and put an end to ...

    Online Articles

    Online Articles

    Fri, 9 Dec 2016

  1. Canadian renewable energy report released prior to First Ministers’ Meeting

    Online Articles

    Online Articles

    Fri, 9 Dec 2016

  2. Wind Power: APNewsBreak: Fishing groups seek Atlantic wind farm delay

    Commercial fishing companies, trade groups and three fishing-based municipalities are seeking to delay the lease sale of an Atlantic Ocean site between New York and New Jersey that federal officials envision as the home of a massive offshore wind energy project.

    Online Articles

    Online Articles

    Fri, 9 Dec 2016

  3. U.S. House stalling Energy Policy Modernization Act as Congressional adjournment approaches

    Efforts to enact the Energy Policy Modernization Act during the waning days of the current Congressional session seem to have been thwarted as the House of Representatives awaits the inauguration of President-elect Donald Trump.  

    Online Articles

    Online Articles

    Thu, 8 Dec 2016

  4. Kongsberg, DSME cooperate on FLNG controls

    Kongsberg Maritime and DSME have signed a joint development agreement for a new LNG FSRU regasification control system.

    Online Articles

    Online Articles

    Fri, 9 Dec 2016

  5. Cantwell states concern after Canada approves Trans-Mountain line

    US Sen. Maria E. Cantwell (D-Wash.) expressed concern over a possible crude-oil spill in waters between her state and British Columbia after Canada’s federal government approved Kinder Morgan Canada’s proposed pipeline from Alberta to Burnaby, BC, near Vancouver.

    Online Articles

    Online Articles

    Wed, 7 Dec 2016

  6. Atwood, DSME delay ultra-deepwater drillship deliveries

    Atwood Oceanics Inc. and Daewoo Shipbuilding & Marine Engineering Co. have agreed to delay the delivery of the Atwood Admiral and Atwood Archer by two years to Sept. 30, 2019 and June 30, 2020, respectively.

    Online Articles

    Online Articles

    Tue, 6 Dec 2016

  7. CGG achieves swift delivery of offshore Morocco 3D images

    CGG claims to have delivered near real-time imaging results for a 4,200-sq km (1,621-sq mi) BroadSeis 3D marine seismic survey acquired offshore Morocco.

    Online Articles

    Online Articles

    Tue, 6 Dec 2016

  8. Advent takes charge of V.Group

    Advent International has agreed to acquire a controlling interest in offshore vessel management and support services provider V.Group from OMERS Private Equity.

    Online Articles

    Online Articles

    Tue, 6 Dec 2016

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