Business & Finance
Sarb Inauguration VIDEO
National Marine Dredging Company (NMDC) inaugurated the backhoe dredger Sarb earlier this week in the Netherlands. The inauguration comes as a part of NMDC’s international growth and fleet investment strategy which is aimed at positioning the company as a leader in the industry. The contract for the
IX Wind opens Tokyo office
The Netherlands-based consultancy and engineering company IX Wind has opened an office in Tokyo, Japan, with an aim to service the APAC renewables market. Earlier this year, IX Wind signed a Memorandum of Understanding (MoU) with TÜV SÜD for collaboration in the Japanese wind energy market. The deal
Coastal Investments to Reduce Impacts of Hurricanes
Louisiana’s House Appropriations Committee has approved House Bill No. 2, the state’s Capital Outlay bill, the Restore the Mississippi River Delta reports. The bill annually provides the funds for constructing projects across the state, projects that are needed more than ever because they provide jo
Wintershall Dea books quarterly loss, cuts capex
Wintershall Dea has decided to reduce its capital expenditures for 2020 by 30 per cent after booking a loss in the first quarter of the year amid low oil price environment.
Annual Aberdeen Harbor Dredging Campaign Completed
Aberdeen Harbor Board has completed its annual dredging program despite the impacts of COVID-19 and challenging weather conditions. Yearly dredging is required to maintain essential water depth in North Harbor. More than 54,000 cubic meters (in-situ volume) of material has been dredged from the harb
Total renegotiates terms of non-core North Sea assets sale with NEO Energy
HitecVision and NEO Energy have renegotiated terms for the acquisition of a portfolio of operated and non-operated assets in the UK North Sea from French oil major Total.
Pointe LNG in cash hunt for Louisiana export project
Pointe LNG has appointed a financial adviser as it is looking to secure funds for its proposed liquefied natural gas export project in Louisiana. The US LNG project developer has mandated Whitehall & Company as financial advisor in raising investment capital and securing offtake for the 6 million to
New Tool to Reduce Dredging Impacts
NOAA’s National Centers for Coastal Ocean Science (NCCOS), Office for Coastal Management (OCM) and Quantum Spatial, Inc have developed a new tool that will reduce dredging impacts to essential fish habitat. The team developed a cutting-edge decision-support tool, ShoalMATE, to guide wise use and dre
Worley bags two frameworks with BP
BP and Worley have entered into two global framework agreements, one for conceptual engineering and the other for early engineering and front‐end engineering design services.
Jersey now majority owner and operator of Verbier discovery
Jersey Oil & Gas (JOG) has completed the acquisition of an additional 70 per cent working interest in Licence P2170 (Blocks 20/5b and 21/1d) from Norway’s Equinor.
Portland Harbor Proposal Presented
The City of Portland is seeking a permit from the Army Corps New England District to conduct work in waters of the U.S. in conjunction with construction of a confined aquatic disposal (CAD) cell in Portland Harbor in South Portland, Maine. This work is proposed in the Fore River in Portland Harbor i
Broward County Shore Protection Project Open for Public Comment
The U.S. Army Corps of Engineers, Jacksonville District recently opened public comment on the Draft Environmental Assessment (EA) and proposed Finding of No Significant Impact (FONSI) regarding the continued periodic renourishment of Segment II, a part of the Broward County Shore Protection Project
Petronas signs LNG supply deal with Tiger Clean Energy
Malaysian energy giant Petronas said it has recently entered into a liquefied natural gas supply deal with China’s Tiger Clean Energy. The first virtual LNG deal for Petronas signed via a video teleconference will see the Malaysian company supply an ISO tank filling facility on the island of Borneo.
Using oil and gas know-how to develop CO2 capture and storage project amid push for lower emissions
Using their decades of experience in the oil and gas sector, three majors are moving forward with a project which will enable the transport of carbon dioxide captured from industrial sites in Norway and its storage in a reservoir below the seabed in the North Sea off Norway.