Business & Finance
Queensland unlocks new natural gas exploration acreage
The government of Australia’s state of Queensland is ramping up efforts to boost local natural gas supply by opening new land for gas exploration. Queensland is unlocking more than 6700 square kilometres of gas exploration acreage in 12 parcels located in the Bowen and Surat Basins. The land is loca
Merkur ownership change completed
The Renewables Infrastructure Group Limited (TRIG) and the Dutch pension investor APG have completed the acquisition of the 396 MW Merkur offshore wind farm. The consortium comprising of funds managed and/or advised by Partners Group (50%), InfraRed Capital Partners (25%), DEME Concessions (12.5%),
Contract Awarded for the Rio de La Plata Project
The U.S. Army Corps of Engineers awarded a $9.47 million Articulated Concrete Block Mat and Toe Key contract, May 12, to Construcciones José Carro S.E., headquartered in Ponce, Puerto Rico. This contract is part of a phased approach to flood risk management actions being constructed as part of the R
Prosafe contract hangs in the balance as Shell delays Shearwater work
The future of Prosafe’s contract for the Safe Zephyrus flotel with Shell is uncertain following Shell’s decision not to perform its previously planned work at the Shearwater field this year.
GHD Helps Port of Townsville Channel Upgrade Project
As the largest commercial port in northern Australia, the Port of Townsville is an essential component of Queensland’s transport network, but, at just 92 metres wide, its shipping channel is one of the narrowest in the country. The 14.9-kilometre shipping channel is dredged annually to maintain navi
Mackley Returns to Shoreham for More Works
Mackley has returned to the West Sussex town of Shoreham to re-construct a river wall on the northern bank of the River Adur. The project is being carried out as part of a package of enabling works for Wates Residential – ahead of the construction of 500 residential units. To date works have compris
Congressman Higgins Pens Request for I-10 Bridge and Dredge Funding
Louisiana Congressman Clay Higgins sent a letter to President Trump and congressional appropriators yesterday, urging them to prioritize Southwest Louisiana’s infrastructure needs and funding for a new I-10 Calcasieu River Bridge. The letter reads, in part, “While our region is the fastest growing i
Dredge Currituck Completes Ocean City Inlet Dredging
The U.S. Army Corps of Engineers’ hopper dredge Currituck just completed maintenance dredging work in Ocean City Inlet in Maryland to remove built up sediment in the channel and improve navigation. The work was part of the Army Corps, Baltimore District’s regular operation and maintenance efforts as
Baltic Exchange launches LNG, LPG ship expenses assessment
The London-based Baltic Exchange has launched a tool to provide quarterly assessments on the cost of operating liquefied natural gas and liquefied petroleum gas tankers. The Baltic Exchange said in a statement that data will be provided by independent third-party ship management companies. These com
Kpetoe River Dredging Underway
The Kpetoe River dredging operations, aimed to solve the perennial flooding of parts of Kpetoe township – the capital of Agotime Ziope District in Ghana, are officially underway, local media reports. Commenting the latest news, Mr. John Kwaku Amenyah, Agotime Ziope District Chief Executive (DCE), sa
Sembcorp Marine’s yard workforce down from 20,000 to 850 due to COVID-19 restrictions
Yard workforce employed by Singapore’s offshore builder Sembcorp Marine has been reduced from 20,000 to only 850 workers following movement restriction measures implemented due to the coronavirus pandemic.
KS Welcomes Christopher Day
KS Associates, Inc., an Ohio-based Coastal/Transportation engineering firm, has just announced that Christopher M. Day, P.E., is now a new member of the firm serving as a Project Manager at their Coastal Engineering Group. The Group provides engineering solutions for all types of waterfront and wate
Odfjell Drilling profit up despite oil price turmoil and COVID-19
Due to the limited impacted of the COVID-19 outbreak during the first quarter of 2020, offshore drilling contractor Odfjell Drilling was able to post a higher profit than in the first quarter of 2019.
TGS sinks on bottom line, cuts costs and investing
TGS saw profits slashed in the third quarter due to lower revenue amid challenging seismic market conditions.