Business & Finance

Cosco Shipping Heavy Industry inks LNG cooperation deals
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 liq

Emperor teams with APA on Judith offshore gas project
Emperor Energy and Australia’s largest gas infrastructure company APA Group have entered into a binding agreement to progress with the pre-front end engineering design (pre-FEED) for the provision of midstream infrastructure and services related to potentially produced gas from the Judith offshore g

Mississippi River Pool 14 Project on Display
The USACE Rock Island District and its Upper Mississippi River Restoration Program partners are constructing a habitat rehabilitation project in Pool 14 of the Mississippi River near Princeton, Iowa, and are seeking comments on the project plan through June 15. The draft feasibility report, which in

ExxonMobil farms into Petronas’ block offshore Suriname
Malaysian energy giant Petronas has completed the farm-down of 50 per cent of its participating interest in its fully-owned Block 52 offshore Suriname to ExxonMobil.

Neptune abandons plan to buy Edison’s UK and Norway assets from Energean
Energean has agreed with Neptune Energy to terminate the agreement for Neptune Energy to acquire Edison E&P’s UK and Norwegian subsidiaries from Energean.

Ardent to wind down business after deciding not to take any new salvage work
Emergency management and wreck removal company Ardent, announced that it will no longer enter into new contracts from May 2020 on. The decision emerges five years after the company’s establishment in 2015, following the merger of Svitzer Salvage and Titan Salvage. Over the past five years, Ardent ha

All Set for Hawks Nest Dredging
A major dredging project will get underway next week in Hawks Nest to remove 120,000 cubic metres of marine sand from the eastern channel of the lower Myall River, Midcoast Council reports. The Moira Parade boat ramp at Hawks Nest will be closed to the public on Monday, 25 May, as MidCoast Council’s

CSD Saibai Joins Woomera in Gladstone
Saibai, one of Hall Contracting’s cutter suction dredges, has recently joined Woomera in Gladstone where she is tasked with undertaking essential maintenance dredging and replacing piles in the Gladstone Marina. The dredgers will remove sediment build-up and enable vessels to continue to navigate th

Restoring Queen Bess Island WEBINAR
The Louisiana Coastal Protection and Restoration Authority (CPRA) will this week host a webinar named ‘Restoring Queen Bess Island’. During the webinar, CPRA and LDWF project managers Katie Freer and Todd Baker will present on the recently restored Queen Bess Island. They’ll also discuss how coastal

CSD General MacArthur Enters Service
Spanning construction operations over three Gulf Coast shipyards, Galveston, Texas based Callan Marine is now placing into service its new Jones Act cutterhead suction dredger (CSD) General MacArthur and its accompanying Idler Barge. Last week, the U.S. Coast Guard cleared the MacArthur with its Cer

McDermott hired to design offshore riser platform topsides
U.S. engineering and construction services company McDermott International has been awarded a sizeable contract from a Middle East customer to carry out front-end engineering and design (FEED) work for offshore riser platform topsides.

Aquaterra to build Trinidad’s second conductor supported platform
Aquaterra Energy, an offshore engineering solutions provider, has been awarded a front end engineering and design (FEED) contract by DeNovo Energy for a second Sea Swift platform to be located in the Zandolie field off Trinidad and Tobago.

Keweenaw Stamp Sands Dredging Update
The Keweenaw Stamp Sands Dredging Project in Lake Superior is scheduled to complete this summer season, the U.S. Army Corps of Engineers, Detroit District, reports. Peterson Companies, Inc. and their subcontractor, Newt Marine, re-mobilized equipment to the project site and began dredging in April.

Felinheli Flood Protection Project Resumes
Work is set to resume on a £700,000 flood protection scheme that will help protect homes and businesses in Felinheli, Gwynedd Council reports. The work had to be delayed due to the effects of COVID-19, but work will now resume this week. The Contractors, Anglesey firm OBR Construction, have implemen