Business & Finance
U.S. weekly LNG exports rise
The United States exported more liquefied natural gas cargoes in the week ending May 6 when compared to the week before, according to the Energy Information Administration. The agency said in its weekly gas natural gas report that five US terminals dispatched 15 LNG shipments between April 30 and Ma
Hess posts $2.4 billion loss
Hess Corporation booked a loss for the first quarter of 2020 due to impairment charges resulting from the low oil price environment.
Three Contracts with Arab Potash Company for Royal IHC
Royal IHC has signed three contracts with the Jordan-based Arab Potash Company (APC) to deliver two cutter suction dredgers (CSDs) and implement a new maintenance agreement. The first contract comprises the delivery of a custom-built CSD, the second is a three-year maintenance contract for the IHC d
Analysts warn of multi-year blow in umbilicals segment
The Covid-19 pandemic could see demand for umbilicals fall by 32 per cent this year, Rystad Energy impact analysis reveals. According to Rystad, expected demand could fall to just 713 kilometres of lines in 2020, from 1,041 kilometres last year. Umbilical demand will not match or exceed 2019 levels
PHOTO: Blankenburg Connection Contours Take Shape
The contours of the Blankenburg Connection in the Netherlands are now clearly taking shape, DEME Group said in their latest announcement. BAAK, the consortium including Ballast Nedam and DEME, is building the new road connection between the A20 at Vlaardingen and the A15 at Rozenburg. “The new highw
EMEC appoints commercial director
The European Marine Energy Centre (EMEC) has appointed Matthew Finn as commercial director. Matthew has worked in the ocean energy sector for the last 14 years. In his previous role as EMEC’s commercial manager, he built up a long-term pipeline of projects for the company including flagship initiati
French Company to Use Dragflow DRP150 Dredge
Dragflow, an Italian producer of dredging equipment, is about to deliver one of its units to a sand and gravel producer based in France. According to the company, the customer will use the DRP150 remote controlled dredge with a high head dredging pump to dredge the sedimentation ponds next to their
Enbridge selling part of stake in French offshore wind projects
Enbridge is selling 49% of its 50% stake in Éolien Maritime France (EMF), the developer of three offshore wind projects in France, to the Canada Pension Plan Investment Board (CPP Investments). After the transaction closes, through its investment in EMF, Enbridge will own equity interests in the Sai
GasLog CFO steps down
LNG shipper GasLog said that its chief financial officer (CFO) Alastair Maxwell has decided to step down from his position.
Qatar Petroleum farms into Total’s blocks in Mexico
State-owned Qatar Petroleum has entered into three farm-in agreements to acquire about 30 per cent of Total’s participating interest in three blocks offshore Mexico.
EU consulting on new renewable energy financing mechanism
The EU Commission has opened a four-week public consultation on draft rules to establish a new EU financing mechanism to support renewable energy projects. The new mechanism opens a possibility for the member states to collectively benefit from renewables projects funded through tenders using an EU-
Hudson River Project Includes Dredging
The New York City Economic Development Corporation (NYCEDC) has awarded Hudson Meridian Construction Group the contract for Construction Management Services for the 79th Street Boat Basin and Dock house project. The project site is located at West 79th Street in the Hudson River within Riverside Par
Murphy Oil plans to curb May output by 40,000 bpd, moves HQ to Houston
Murphy Oil plans to reduce its output in May by 40,000 barrels of oil equivalent per day, with the majority planned from offshore wells.
USACE Releases Elim Dredging Report
The U.S. Army Corps of Engineers, Alaska District has prepared a draft integrated feasibility report and environmental assessment on the proposed navigation improvements at Elim, about 90 miles east of Nome. The proposed project and preliminary analysis of potential environmental impacts are describ