Business & Finance
Total’s profit slips as oil prices tumble
Total recorded a 35 per cent decrease in its first quarter profit as oil prices tumbled during the period.
VIDEO Markermeer Project by Boskalis
Royal Boskalis Westminster N.V. has just released this amazing video named ‘How we made our mark in the Markermeer lake’. In March 2016, Boskalis started work on the first stage of one of the largest nature restoration projects in western Europe – Marker Wadden. The project aimed to transform the ec
Deltares, Wageningen University: New Approach to Hydrological Modelling
Water managers are continuously making decisions to guarantee water safety. These decisions relate to the short term, for example ongoing droughts or, precisely, when there is a risk of flooding. But they can also affect the long term given the more extreme events caused by climate change. All these
Repsol hits two oil discoveries offshore Mexico
Repsol has made two significant offshore oil discoveries in Mexico’s deepwater with its Polok-1 and Chinwol-1 exploration wells in Block 29 in the Salina Basin.
Shell sells U.S. shale gas assets
The Hague-based LNG giant Shell has reached an agreement with U.S. firm National Fuel Gas Company to sell its Appalachia shale gas position for $541 million. Shell will sell the assets via its unit SWEPI. The deal includes about 350 producing Marcellus and Utica wells across about 450,000 net leaseh
West Belle Works Underway
Louisiana Coastal Protection and Restoration Authority (CPRA) said in their latest announcement that the work is currently underway on the West Belle containment dikes. This scheme is a part of the Terrebonne Basin Barrier Island and Beach Nourishment project which will construct approximately 1,100
Fargo-Moorhead Update: Water Quality Sampling Resumes
The U.S. Army Corps of Engineers, St. Paul District, in cooperation with the Flood Diversion Board of Authority, will continue its water quality field surveys for the Fargo-Moorhead flood diversion project starting this week. The primary objective of collecting the samples is to analyze water qualit
Zenith becomes majority owner of Tilapia oilfield
Canadian oil and gas company Zenith Energy has completed the acquisition Anglo African Oil & Gas’ subsidiary which is the operator of the Tilapia oilfield in the Republic of the Congo.
Tellurian posts $40.7 million loss
US LNG export project developer Tellurian saw net losses widen in the first quarter of this year to $40.7 million. This compares to a net loss of $34.1 million in the January-March period of 2019. Tellurian said that the widening of the company’s net loss was mainly due to an increase in costs of sa
Petrofac puts Awilco rig on standby rate
Petrofac has postponed the beginning of the plug & abandonment program on Rubie and Renee fields in the UK North Sea. As a result, Awilco Drilling’s rig has been put on standby.
East Anglia One, Hornsea One offshore wind projects start getting phase 2 CfD payments
The second phases of the East Anglia One and Hornsea One offshore wind projects in the UK have begun receiving payments under their Contracts for Difference (CfDs). This means that 285 MW from East Anglia One and 400 MW from Hornsea One have passed their Operational Conditions Precedent (OCPs) and a
Bridgeport Harbor Marina Opens
After almost 40 years of discussion and planning, Bridgeport Harbor Marina, just off Long Island Sound in Connecticut, is now open, Marina Dock Age reports. The marina – part of the Steelpointe Harbor development – is located on an old industrial/commercial site in Bridgeport. The site required dred
Oceaneering execs take pay cuts
Oceaneering board has approved voluntary base salary reductions of the executive management and other members of senior management. Effective 1 May, the company’s CEO Roderick A. Larson agreed to base salary reduction of 15 per cent. Base salaries for executive level, including the executive leaders
Solstad Offshore finds work for six vessels
Norwegian vessel owner Solstad Offshore has entered into medium-term contracts for six of its vessels with undisclosed clients.