Search results for: administration

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  • 14 February 2018
    Business & Finance

    The U.S. Army Corps of Engineers fully supports the administration’s Infrastructure Initiative that was announced yesterday to address the needs of the nation’s infrastructure, USACE said in its latest announcement.  Underperformance is evident across many sectors of infrastructure. The traditional civil works funding approach is not sustainable to meet the nation’s infrastructure needs, according to […]

  • 12 May 2015

    API President and CEO Jack Gerard said industry can help achieve the Obama administration’s goal of creating a modern infrastructure system for this country.

  • 12 May 2015

    API President and CEO Jack Gerard said industry can help achieve the Obama administration’s goal of creating a modern infrastructure system for this country.

  • 5 March 2014
    Business & Finance, Equipment, Technology

    The U.S. President Obama’s Budget for fiscal year 2015 (FY15) included $4.561 billion in gross discretionary funding for the Civil Works program of the U.S. Army Corps of Engineers (USACE), which is offset in part by a proposal to cancel $28 million in unobligated carryover of funds previously appropriated. “The fiscal 2015 Civil Works budget […]

  • 5 May 2016
    Business & Finance

    Harkand Group, a provider of subsea capabilities and services to the energy industry, has entered into administration following losses as a result of a prolonged low oil price environment.  Following several reports that Harkand Group was in administration, Offshore Energy Today has learned through the company’s answer machine message from the Aberdeen office that the following subsidiary […]

  • 31 July 2015
    Business & Finance

    Afren, an international independent oil exploration and production company, has filed for administration after failing to get support for its refinancing efforts.  According to Afren, the recently completed operational review has led the company to expect materially lower near-term production from its assets as compared to the production level assumed in the restructuring plan announced on […]

  • 13 March 2019
    Business & Finance

    EMEC, the world’s leading test facility for wave and tidal energy converters, is looking to recruit an administration officer. EMEC is looking for an administration officer to support the company by providing key administrative services including reception cover and comprehensive business support. The successful candidate would be based in Orkney, with a permanent full-time post. […]

  • 27 April 2012
    Business & Finance

    Always seeking new ways to enhance safety, the shipping industry is turning to Sweden and the Swedish Maritime Administration to continuously track locations of cruise and cargo vessels sailing European waters. The MONALISA project, led by The Swedish Maritime Administration, has attracted considerable international interest and the world’s largest cruise company, Carnival Corporation & plc, […]

  • 5 May 2016
    Business & Finance, Operations & Maintenance

    IMR and light construction player Harkand has entered into administration after it, earlier this year, defaulted on the payment of its senior secured bond issue and interest, due to insufficient liquidity. As a consequence of default, Nordic Trustee, which acts as bond trustee for the bond issue where Harkand Finance is the issuer, replaced the company’s […]

  • 24 November 2014
    Business & Finance, Equipment, Operations & Maintenance

    Pelamis has been unable to secure the additional funding required for further development of the Company’s wave energy technology. As a result of this the board has reluctantly moved to appoint an administrator to assess the options for securing the future for the business and employees of Pelamis. Pelamis recently received a strong endorsement for […]

  • 1 April 2014
    Business & Finance, Research & Development, Technology

    Rahul Goyal and Cassandra Mathews of KordaMentha Restructuring have been appointed Receivers and Managers of the wave energy development company, Oceanlinx. This appointment followed the appointment of David Ross and Brent Kijurina of Hall Chadwick as Administrators of the company. The Sydney-based company was in the process of installing what it claimed was the world’s […]

  • 23 February 2016
    Business & Finance

    First Oil Expro, a company producing oil and gas in the UK North Sea, entered into administration process on Friday, February 19, 2016.  According to the company, Jim Tucker, Blair Nimmo and Richard Beard of KPMG LLP were appointed joint administrators of First Oil Expro Limited, a company within First Oil Group PLC. In 2015, […]

  • 12 May 2020
    Technology

    Teledyne CARIS has been selected by the Swedish Maritime Administration (SMA) to provide tools for generalization of bathymetric data in nautical charts. Through a competitive tender process, SMA has chosen Teledyne CARIS to provide CARIS BASE Editor as the solution for the generalization of bathymetric data in nautical charts. The software platform will provide the […]

  • 26 August 2015
    Business & Finance

    The Karnataka Government and the Lakshadweep administration have signed a memorandum of understanding for the construction of a dedicated jetty at Old Mangalore Port, the Business Line reports. The project will also include the construction of a 300 meter long wharf for vessels and cargo, passenger lounge, warehouse and a certain amount of dredging work. Mohammed Faizal, Member […]

  • 28 October 2015
    Business & Finance, Operations & Maintenance

    The Edinburgh-based wave energy developer has called in the administrators to manage the business and seek a sale or investment via the administration process. Accountancy and business advisory firm BDO LLP has appointed business restructuring partners James Stephen and Graham Newton as joint administrators that will take over the running of Aquamarine Power. The joint […]

  • 7 January 2016
    Business & Finance

    Iona Energy has appointed two administrators from FTI Consulting LLP, a global business advisory firm, as it enters into administration.  Namely, Chad Griffin and Lisa Rickelton of FTI Consulting LLP were appointed as joint administrators for Iona Energy Company (UK) plc and Iona UK Huntington Limited, both oil and gas exploration and production companies with assets in the UK […]

  • 24 November 2014
    Business & Finance

    The directors of Pelamis have announced that they have been unable to secure the additional funding required for further development of the Company’s wave energy technology. As a result of this, the board has reluctantly moved to appoint Blair Nimmo and Gary Fraser of KPMG  as Joint Administrators of Pelamis Wave Power to assess the […]

  • 18 October 2018
    Business & Finance

    The Underwater Centre, located in the Scottish Highlands, has ceased trading and it has been placed into administration, putting 50 jobs at risk. The news comes just months after Underwater Centre completed restructuring to become a not-for-profit company, which has seen support from industry and public bodies. The Underwater Centre provided a notice on its website saying that it “has ceased […]

  • 15 December 2010

    President Barack Obama’s administration has filed a lawsuit against BP and eight other companies in the Mexico Gulf spill in a bid to recover billions of dollars. The administration wants the companies to be held liable under two environmental acts.

  • 2 August 2017

    The US Energy Information Administration (EIA) has released a report explaining the relevance of maritime chokepoints.   Chokepoints are narrow channels along widely used global sea routes for oil transport, with some so narrow that restrictions are placed on the size of the vessel that can navigate through them. The inability of oil tankers to transit […]

  • 20 December 2019

    Europe’s imports of liquefied natural gas (LNG) have been steadily increasing since October 2018, and reached a new monthly record of 12.7 billion cubic feet per day (Bcf/d) in November 2019, according to the U.S. Energy Information Administration (EIA) estimates.

  • 22 June 2015
    Business & Finance

    A total of 47 people lost their jobs after energy service group Red7Marine went into administration. “In the period leading up to the administration, the group’s cash flows came under significant strain due to falling demand for the group’s services as a result of the collapse of the oil price, ongoing investment in the group’s […]