Business & Finance
Red ink for Repsol amid sharp drop in oil and gas prices
Repsol posted a significant quarterly loss after being hit by volatility and decline in oil and gas prices, but it delivered an increased output during the period.
EIA consultation period opens for Danish nearshore wind farms
The Danish Energy Agency (DEA) has launched the public consultation period regarding the new environmental impact assessment (EIA) reports for the Vesterhav Syd and Vesterhav Nord nearshore wind farms. Interested parties are free to submit responses and comments on the new environmental impact repor
Great Lakes Reports Record First Quarter
Great Lakes Dredge & Dock Corporation (GLDD) today reported financial results for the quarter ended March 31, 2020. According to Lasse Petterson, Chief Executive Officer and President, the first quarter of 2020 was an exceptional quarter driven by strong project performance, resulting in net income
Petrobras sets new oil export record despite low demand
Brazilian oil and gas giant Petrobras reached an oil export record during April, exporting 1 million barrels of oil per day.
CDB Leasing splashes $417.6 million on eight bulkers
China Development Bank Financial Leasing (CDB) has signed contracts with three compatriot shipbuilders for the purchase of eight 210,000-ton bulkers. As disclosed in a stock exchange filing, two ships from the batch would be built by Qingdao Beihai Shipbuilding Heavy Industry, while Yangzhou COSCO S
Spirit Energy picks NHV for transfer services in East Irish Sea
Helicopter operator NHV Group has won a new long-term contract with Spirit Energy to provide passenger transfer services in support of their East Irish Sea operations.
Peckman River Report Signed
Lt. Gen. Todd T. Semonite, Chief of Engineers has signed a Chief’s Report for the Peckman River Basin Flood Risk Management Study — a key milestone for the proposed project, according to the Army Corps. “This is a momentous day for residents long impacted by flash floods from the Peckman River. This
SMM Hamburg postponed to February 2021
SMM Hamburg, the world’s largest international shipbuilding and marine industry fair, which usually takes place in September has been rescheduled due to the coronavirus pandemic measures still in place. “Looking at the restrictions on major events as well as the international travel bans due to the
Murray Mouth Dredging in Full Swing
The South Australia’s Murray Mouth dredging program – with the main goal to keep the river connected to the sea – is moving ahead. Under the cleanup plan, Maritime Constructions crews operate two dredges at the Murray Mouth 24/7 in an intensive maintenance effort to keep the significant waterway ope
Eni fails to find hydrocarbons in Mexican well
Italian oil and gas company Eni has failed to find hydrocarbons in an exploration well located in the Sureste Basin, offshore Mexico.
West Beach Gets New Sand
Urgent sand replenishment works are now underway to restore the beach near Rockingham Street at West Beach, the City of Charles Sturt, SA, informs. Recent weather conditions including high tides and winds have escalated erosion of the dunes at the location, prompting the South Australian Government
$3.2 Million Grant for CPRA
Congressman Garret Graves (South Louisiana) released the following statement yesterday regarding a $3.2 million Center of Excellence Research Grant for the Coastal Protection and Restoration Authority of Louisiana (CPRA)’s partnership with the Water Institute of the Gulf (the Water Institute). The g
W-Industries secures Mozambique LNG gig
Houston-based W-Industries said it has won a contract for the Total-led $20 billion Mozambique liquefied natural gas export project. The deal has been awarded by Total E&P Mozambique Area 1, a unit of the French energy giant. The contract includes engineering, manufacturing, integration, automation
Awilco LNG swings to Q1 profit
Norwegian LNG transportation provider Awilco returned to profit in the first quarter of the year.