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Polarcus wins more work

Polarcus has received multiple awards which together extend the fleet backlog by six vessel months, the Oslo-listed company said on Friday. The projects will be carried out by multiple Polarcus vessels and start in Q1 and Q2 2016. Duncan E...

26/02/2016 Read

Renewables boost UK’s 2015 low carbon power generation

The UK Department of Energy and Climate Change (DECC) today released its December 2015 energy statistics that allow a provisional assessment to be made of trends in energy production and consumption in 2015. Low carbon energy production rose by 13...

26/02/2016 Read

GasLog’s 2015 profit rises

Monaco-based LNG shipper GasLog posted a US$53.7 million profit for the year 2015, 5.7 percent up on $50.8 million in 2015.  The fourth quarter net profit also saw a rise from $9.9 million in 2014 to $18.2 an 83.8 percent jump, GasLog reveale...

26/02/2016 Read

Soco drills duster offshore Congo

Soco International, an oil and gas exploration and production company, has found on hydrocarbons present in the Baobab Marine-1 (BABM-1) commitment well, offshore Congo.  Soco started drilling the BABM-1 commitment well, i...

26/02/2016 Read

Subsea 7 bags BP award offshore Egypt

Subsea 7 announced on Friday the award of a major contract by BP, and partner DEA (Deutsche Erdoel AG), for the development of the Giza, Fayoum and Raven subsea fields offshore Alexandria, Egypt. Subsea 7 defines a major contract as being over $75...

26/02/2016 Read

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