Business & Finance
Germany considers taking minority stake in TenneT
TenneT is supporting the possibility of Germany taking a minority stake in the organization. In a letter to the Dutch Lower House of Parliament, Finance Minister Wopke Bastiaan Hoekstra presented his preferred scenario for meeting TenneT’s capital requirement as a result of rising investments, due t
Write-downs push Teekay LNG to Q1 loss
Teekay LNG Partners, one of the world’s largest owners of LNG carriers, reported a slump in profit for the first three months of the year.
Borr Drilling working to secure liquidity runway until 2022
Borr Drilling is working to secure a liquidity runway until 2022 even in an unlikely low scenario without any further contracts.
Van Oord Celebrates Milestone for the A16 Project in Rotterdam
An interesting video was released yesterday by Van Oord about the company’s role in the A16 motorway construction project in Rotterdam, the Netherlands. The first milestone for the project has been achieved with 1 million cubic metres of being brought and offloaded to the site. In total, about 4 mil
Report: Total secures $14.4 billion Mozambique LNG financing
French energy company and LNG player Total has reportedly secured $14.4 billion funding for its liquefied natural gas export project in Mozambique. The financing deal includes a group of around 20 lenders for the first phase of senior debt funding, Reuters reported on Thursday citing unidentified so
Analyzing the Performance of TSHDs
The optimal design of an efficient and cost-effective dredger requires extensive knowledge. As a designer and manufacturer of complex, high value vessels and equipment, it is important for Royal IHC to know how they are performing once in the field. This information is not always available, but with
Empyrean confident in ‘world-class carbonate reservoir’ in block off China
Results from a seismic inversion analysis for Empyrean’s Jade and Topaz prospects, located in Block 29/11 in the Pearl River Mouth Basin, offshore China, gave Empyrean confidence it has a world-class carbonate reservoir with excellent porosity and permeability at both prospects.
New CEO to join Noreco in July
Oil and gas company Noreco has appointed David B. Cook as the new Chief Executive Officer with effect from 1 July 2020.
USACE to Build DMMA in Martin County
The U.S. Army Corps of Engineers, Jacksonville District has opened public comment on the Draft Environmental Assessment (EA) and proposed Finding of No Significant Impact (FONSI) for construction of a dredged material management area (DMMA) at Site O-23 located in Martin County, Florida. “Maintainin
Oceaneering lands asset integrity job in Middle East
Oceaneering has been awarded a considerable asset integrity contract from a major operator based in Dubai, UAE.
Malaysian contractor snaps up two offshore deals
Two subsidiaries of Malaysia’s engineering services company T7 Global were awarded contracts from Carigali Hess and PTS Resources.
ConocoPhillips CFO to retire after 39-year career
ConocoPhillips has said that Don E. Wallette, Jr. will be retiring as executive vice president and a chief financial officer after a 39-year career with the company.
Spotlight on on Nature-Based Solutions
The International Association of Dredging Companies’ (IADC) latest edition of their Terra et Aqua magazine featured a very interesting article named ‘Can nature-based solutions be mainstream solutions?’ The concept of nature-based solutions (NBS) is relatively recent. It has emerged during discussio
German shipbuilders and equipment suppliers brace for ordering slump
Due to the economic impact from the ongoing COVID-19 pandemic, the German Shipbuilding and Ocean Industries Association (VSM) expects the demand for the construction of new ships to be low for a longer period of time. The shipbuilding sector has been experiencing weak demand since 2016, with an over