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  • Investors Updated on Company Progress

    10 July 2014
    Business & Finance

    Orion Marine Group, Inc., a leading heavy civil marine contractor serving the infrastructure sector, today provided an update for investors on the company’s outlook and end markets. Market Outlook The company remains encouraged about the second half of 2014 and beyond, as positive developments in its various end markets continue. As expected, utilization of some […]

  • Equinor Starts-Up Mariner Field

    15 August 2019
    Operations & Maintenance

    Equinor has achieved first oil from the Mariner field in the UK North Sea . The field is expected to produce more than 300 million barrels of oil over the next 30 years. “The start-up of Mariner, the first Equinor-operated oil field on the UKCS, establishes our foothold in the UK and reinforces our commitment […]

  • Government Ending Disposal of Dredge Spoil

    28 January 2015
    Business & Finance

    The Hon. Greg Hunt, Minister for the Environment has issued orders for the creation of regulations for the Great Barrier Reef Marine Park Authority to put an end to the dumping of capital dredge material in the Marine Park once and for all. This fulfills the historic pledge made in November 2014 at the World Parks […]

  • France LNG Shipping signs LNGC charter deal with EDF

    18 January 2022
    Business Developments & Projects, Infrastructure, Operations & Maintenance, Vessels

    French ship-owning company France LNG Shipping has signed a long-term charter deal for a new LNG carrier with EDF LNG Shipping, a subsidiary of Electricité de France.

  • Vantage jack-up scores new job off E. Guinea

    18 December 2020
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Offshore drilling contractor Vantage Drilling has been awarded a contract for one of its jack-up drilling rigs by Trident Energy.

  • Odfjell Drilling to bag $20 million from extra well with Equinor

    27 September 2021
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Equinor has added an additional well to a contract for Odfjell Drilling’s Deepsea Stavanger, which will see the rig busy into 3Q 2022.

  • Lorain Breakwater Repairs Underway

    22 May 2020
    Business & Finance

    Construction work to repair the Lorain breakwater located in Lake Erie in the Port of Lorain, Lorain County, Ohio, is now underway, according to the Army Corps of Engineers, Buffalo District. USACE began repairs to the Lorain breakwater on May 12. As reported, the contractor, Great Lakes Dock and Materials, LLC, from Muskegon, Michigan, will […]

  • Cosco Shipping Heavy Industry inks LNG cooperation deals

    19 May 2020
    Business & Finance, Business Developments & Projects

    Chinese shipbuilder Cosco Shipping Heavy Industry has signed LNG cooperation agreements with compatriot Hudong-Zhonghua Shipbuilding and France’s GTT. Under the deal with Hudong-Zhonghua signed on Tuesday, the two shipbuilders aim to join forces in the field of construction and repair within the liquefied natural gas industry. The framework deal will boost the cooperation between the […]

  • USA: Officials OK Emergency Dredging Legislation

    14 March 2013
    Business & Finance

    Legislation to provide funding for emergency dredging projects in Michigan waterways was approved yesterday by the House Appropriations Committee, announced committee Chair Joe Haveman. Senate Bill 233 provides $21 million for public harbor dredging at 49 locations statewide. The funding was added to an annual supplemental appropriation from the Michigan Natural Resources Trust Fund (MNRTF) […]

  • Beware of a good pitch: Separating the hype from substance key to successful decarbonization

    19 August 2020
    Business & Finance, Environment, Research & Development, Rules & Regulation, Transition, Vision

    The shipping industry is faced with a perfect storm. On the one hand, the pressure to decarbonize its operations and cut greenhouse gas (GHG) emissions by abandoning the use of fossil fuels is rising, promising to change shipping as we know it. On the other hand, a global pandemic is reshaping the global trade creating […]

  • Subsea sector urged to act now to profit from energy transition

    19 May 2021
    Business & Finance, Outlook & Strategy, Transition

    The subsea industry must act now to capitalize on the energy transition as the road to net zero is already underway and companies need to meet the change of pace required, according to Tom Heggarty, principal analyst in Wood Mackenzie’s Energy Transition Practice. Opportunities include facilitating the growth of the offshore wind market by supporting the installation of turbines, the […]

  • CMA CGM’s 2nd LNG-powered giant nearing completion

    10 August 2020
    Infrastructure, Vessels

    CMA CGM’s second ultra large LNG-powered containership is undergoing sea trials, according to the Chinese shipbuilder Hudong-Zhonghua. The CMA CGM Palais Royal left the Shanghai Jiangnan-Changxing Shipyard, a part of Hudong, on August 5, the shipbuilder said in a statement. This is the second CMA CGM vessel for Hudong while the second vessel in the […]

  • Marathon Oil lays off around 100 employees in the U.S.

    12 February 2021
    Business & Finance, Business Developments & Projects, Human Capital, Outlook & Strategy

    Houston-based oil and gas company Marathon Oil has laid off around 100 employees in the U.S. or around five per cent of its total workforce.

  • Canadian FPSO on track to return to home waters before year-end

    18 August 2022
    Business & Finance, Business Developments & Projects, Exploration & Production, Operations & Maintenance, Project & Tenders, Vessels

    Suncor has revealed that the Terra Nova life extension project is making progress and the FPSO is expected back in Canada by the end of 2022.

  • Himalaya Shipping welcomes third LNG dual-fuel bulker

    13 April 2023
    Business Developments & Projects, Vessels

    Bermuda-based bulk carrier company Himalaya Shipping has taken delivery of the third LNG dual-fuel 210,000 dwt newcastlemax newbuild from New Times Shipbuilding (NTS) in China. The company announced the delivery of the vessel, Mount Etna, on 13 April, adding it will commence a minimum 24-month charter with an evergreen structure thereafter and will earn an […]

  • Saipem to focus on core oil & gas and low-risk offshore wind projects following financial woes

    25 February 2022
    Business & Finance, Business Developments & Projects, Outlook & Strategy, Project & Tenders, Rules & Regulation, Transition

    Following a profit warning in late January, Saipem has revealed details about its revised strategic plan for the 2022-2025 period.

  • Baleària inks first green loan in Spanish shipping sector

    29 March 2022
    Business & Finance, Business Developments & Projects, Environment, Outlook & Strategy, Regulation & Policy, Transition

    Spanish shipping company Baleària has signed the first sustainable financing agreement in the Spanish shipping sector with a green loan of EUR 80 million (about $88.4 million).

  • Lundin comes up dry in North Sea well

    22 October 2021
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Rules & Regulation

    Lundin Energy is in the process of concluding the drilling of a wildcat well southeast of the Johan Sverdrup field in the North Sea.

  • The Rothen Group Proves Success in Staffordshire

    25 July 2018
    Business & Finance

    Based at Calf Heath Reservoir in Staffordshire, Greensforge Sailing Club (GSC) was facing problems of weathering and water erosion to its mooring and terracing. To ensure that visitors and club members could continue to use the facilities safely, The Rothen Group, a national independent civil engineering and maintenance service, was chosen to complete 40 meters […]

  • A&M University Conducts Dredge Experiments

    21 July 2016
    Business & Finance, Equipment, Research & Development, Technology

    Dr. Robert Randall, W. H. Bauer Professor in Dredging Engineering in the Department of Ocean Engineering at Texas A&M University, recently conducted laboratory experiments using a model dredge at the Haynes Coastal Engineering Laboratory. Three graduate students, Joe Girani, Josh Lewis and Paulo de Oliveira, Jr., and Haynes Laboratory staff members John Reed and Kirk […]

  • India: Essar Ports Refinances Debt through IIFCL

    21 September 2012

    Essar Ports today announced that it has refinanced its debt in a subsidiary Essar Bulk Terminal Limited Hazira through a takeout finance scheme of India Infrastructure Finance Company Limited (IIFCL). Essar Ports has availed the takeout finance scheme to reduce its interest rate by over two and half per cent on Rs 405 crore which […]

  • From idea to reality: five years since the first subsea compression system

    18 September 2020
    Environment, Equipment, Infrastructure, Innovation, Research & Development, Technology, Vision

    Five years after the kick off, the subsea compression system covering an area the size of a football field, at Equinor-operated Åsgard development in the Norwegian Sea, still runs like clockwork. The entire Åsgard field is one of the largest developments on the Norwegian continental shelf, embracing a total of 63 production and injection wells […]

  • ‘Remarkable achievement’ at Thai oil field shortly after operator switch

    17 May 2023
    Business & Finance, Business Developments & Projects, Project & Tenders

    Canada-based oil and gas company Valeura Energy has reached a production milestone from an oil field in the Gulf of Thailand, marking it as a “remarkable achievement”. Valeura Energy announced that as of 15 May, the Jasmine oil field had produced its 90 millionth barrel of oil, greatly exceeding the expectations set at its original […]

  • American Rivers Names Most Endangered Rivers of 2012

    15 May 2012

    With Congress considering drastic cuts to national clean water protections, and rivers nationwide facing threats from natural gas drilling, pollution, and new dams, American Rivers today released its annual list of America’s Most Endangered Rivers®. American Rivers named the Potomac River, known as ‘the nation’s river’ as it flows through the capital, the most endangered […]

  • ITF: Seafarer abandonment rises in Arab world

    14 September 2020
    Human Capital, Outlook & Strategy

    The International Transport Workers’ Federation (ITF) has warned of a growing number of crew members abandoned on ships in the Arab world without pay, food, or water.