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The UK Committee on Climate Change (CCC) has urged the recently elected Prime Minister Boris Johnson to deliver on the promised 40GW of offshore wind by 2030 commitment. In their letter, CCC Chairman Lord Deben and Chair of the CCC’s Adaptation Committee Baroness Brown called on the Prime Minister to ensure that any market reforms […]
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Business & Finance, Operations & Maintenance, Project & Tenders
Axxis Geo Solutions (AGS) said that letter of intent from September this year for a large OBN survey has not been finalized due to contract delays to its client. Namely, the final contract award is subject to its client obtaining a separate contract award from their partners. AGS has learned that its client and their […]
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South Korean Ministry of Economy and Finance has approved financial support to Daewoo Engineering & Construction for its involvement in the Nigeria LNG Train 7 project.
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Axxis Geo Solutions (AGS), a Norwegian ocean bottom node seismic company, has delayed the formalization of a letter of intent into a final contract for a large OBN survey.
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Business & Finance, Operations & Maintenance, Project & Tenders
Naval Group has been selected by the Netherlands Ministry of Defence (MOD) to enter the next phase in the selection process for the Submarine Replacement programme. Naval Group joins Saab and TKMS in the final “knock-out” phase, with the contract award (D-Letter) expected some time around 2022. As reported earlier about this Dutch MOD tender, […]
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The United States and China have sealed the agreement on the ‘first phase’ of the trade deal.
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McDermott has received a continued listing standard notice from the New York Stock Exchange.
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SBM Offshore has signed contracts with Petróleo Brasileiro (Petrobras) for the 22.5 years lease and operation of FPSO Sepetiba (formerly known as Mero 2). These contracts follow the signing of the binding Letter of Intent (LOI) in June 2019. FPSO Sepetiba will be deployed at the Mero field in the Santos Basin offshore Brazil, 180 […]
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SBM Offshore signs contracts with Petrobras for the 22.5-year lease and operation of FPSO Sepetiba.
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Business & Finance, Infrastructure
SBM Offshore has signed contracts with Petrobras for the 22.5 years lease and operation of FPSO Sepetiba.
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Archer has entered into a Letter of Intent with a North Sea operator for the provision of drilling services using the modular drilling rig Archer Topaz.
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The company penned LoI for a bareboat charter of an Ultramax newbuilding and a second-hand bulker.
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Enterprise and Enbridge Inc. to jointly develop a deepwater crude oil terminal in the Gulf of Mexico.
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A ceremony to mark the cutting of first steel for the KrisEnergy’s minimum facilities wellhead platform for the Apsara oil field in Block A, offshore Cambodia, was held on Friday, December 6, 2019.
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Dredging Today brings you an overview of the most popular stories from the past week (December 2 – December 8, 2019). Officials Secure $100 Million for Mississippi River Emergency Dredging U.S. Representatives Angie Craig, Betty McCollum and Ron Kind have successfully secured emergency funding for the U.S. Army Corps of Engineers (USACE) to address […]
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Luminus, the largest shareholder of offshore drilling contractor Valaris, has decided to call a meeting of shareholders with an intention to nominate new directors to the board amid ‘grave concerns’ about the company’s performance.
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Business & Finance, Project & Tenders
Royal Boskalis Westminster N.V. (Boskalis) has received the Provisional Letter of Acceptance for the Design and Construction contract for the Pasay Reclamation Development Project in Manila Bay, Philippines in cooperation with CHEC from China. The award was made by the publicly listed company SM Prime Holdings Inc. (SMPHI), one of the largest property developers in […]
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Chief financial officer of Norwegian offshore survey company Electromagnetic Geoservices (EMGS) has opted to resign from her position.
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US-based Atlantic Wind Transfers has signed an order for two Chartwell 24 Crew Transfer Vessels (CTVs) to be deployed in support of new wind farms off the US East Coast. Developed by Chartwell Marine, the vessels will be built by Blount Boats for delivery in 2020. Charles Donadio, CEO of Atlantic Wind Transfers, said: “Our […]
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McDermott said it has been granted access to the second tranche of the $1.7 billion superpriority senior secured credit facility announced on October 21, 2019. The new tranche (Tranche B) provides McDermott with a $250 million term loan facility and a $100 million letter of credit facility. The company expects to utilize the amounts available […]
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U.S. engineering and construction services company McDermott has gained access to $350 million in financing under its super-priority senior secured credit facility, which sent its shares soaring on Monday.
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Shares of Australia-based Red Emperor Resources spiked on Monday after the company signed a binding letter of intent to secure an option over an interest in a large offshore block in the shallow waters of the North Perth Basin, Western Australia.
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U.S. Representatives Angie Craig, Betty McCollum and Ron Kind have successfully secured emergency funding for the U.S. Army Corps of Engineers (USACE) to address the impacts of this spring’s devastating floods along the Mississippi River. The funding was disbursed in response to a letter they sent in September pushing the Office of Management and Budget […]
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Business & Finance, Equipment, Project & Tenders
Royal IHC and Breman Machinery have signed an agreement to cooperate on building complex and steel structures with high tolerances and high precision as part of the tender to replace the Royal Netherlands Navy’s Walrus-class submarines. IHC is competing in the tender as a partner of Naval Group. If the group goes a stage further […]
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Business & Finance, Exploration & Production
Danish offshore drilling contractor Maersk Drilling has secured more work for a jack-up rig and a drillship offshore the UK and Africa, respectively.
