Business & Finance
VIDEO Damen DOP250 Dredge Pump in Italy
Damen Shipyards has just released this beautiful video about their DOP250 dredge pump on a wire crane, doing a beach replenishment job on the Mediterranean coast in Italy. Due to coastal erosion the beach in the Gulf of Follonica has diminished rapidly, said Damen. The DOP submersible dredge pump ha
Pelletier Creek Dredging Wraps Up
The Pelletier Creek harbor dredging project, located in Morehead City, NC, was successfully wrapped up last week, the Carolina Coast Online reports. According to Morehead City Planning Director Sandi Watkins, the actual dredging work began on April 21 and was complete Tuesday. Final surveying work a
New manager joins Xodus
Xodus Group has appointed Nigel Underwood as a new manager to head up the company’s London subsea and pipelines division. Nigel Underwood will oversee Xodus’ international subsea and pipelines work, from concept through to detailed design and delivery. Underwood joins Xodus from Petrofac, where he w
BW Energy sees delay in Gabon well hook-up
BW Energy has experienced a delay in hook-up operations of a well in the Dussafu Marin Permit, offshore Gabon, due to the coronavirus crisis.
Peel Marina Dredging Moves Ahead
The Peel Marina dredging program, located in the town of Peel, Isle of Man, is moving forward according to schedule, Land & Water just announced. “As part of a large-scale project, we have constructed a temporary draining lagoon in a field upstream of the marina. Now, our team is using a long reach
GMS rejects takeover offer from Seafox
Abu Dhabi-based Gulf Marine Services (GMS) has turned down a USD 32 million takeover offer from Seafox International saying that the offer ”fundamentally undervalues GMS”. As reported earlier, Seafox submitted an unsolicited and non-binding possible cash offer for the entire issued and to be issued
OPT gets close to $1M through NJEDA program
Ocean Power Technologies (OPT) has recently received $0.9 million of non-dilutive funding through the New Jersey Economic Development Authority (NJEDA). This specifically enables companies to raise funding to finance their growth and operations. NJEDA and the New Jersey Department of the Treasury’s
New Detroit District Dredging Season Underway
The U.S. Army Corps of Engineers, Detroit District announced recently that a new dredging season has kicked off with the first contractor, Ryba Marine, mobilized for the season. According to the Corps, dredging began at the Pointe Mouillee Access Channel and East Outer Channel on the Fiscal Year 201
Seabased joins Ocean Energy Europe board of directors
Swedish wave developer Seabased is joining the Ocean Energy Europe board of directors as a lead partner. As a member of the board, Seabased VP Marcelle Askew will play an role in steering the strategic direction of the association and in ensuring that wave energy reaches its full industrial potentia
Red ink for ExxonMobil amid asset impairments
ExxonMobil booked a quarterly loss due to asset impairments amid lower oil prices while its production was up by 2 per cent.
Orca Oceanic Systems in new contract wins
Orca Oceanic Systems (OOS), an equipment and dive system company, has secured three contract awards during the month of April. The contracts are adding in excesses of £1.75 million to OOS’s order backlog for 2020. Mike Masson OOS’s managing director said: “It is a monumental achievement by the OOS t
USACE Awards Final Contract for Herbert Hoover Dike
The U.S. Army Corps of Engineers, Jacksonville District, awarded the final contract for the cutoff wall required as part of the ongoing rehabilitation of the Herbert Hoover Dike (HHD), the earthen structure surrounding Lake Okeechobee. The Corps awarded the contract April 30, 2020 for $41.4 million
Solstad and Ocean Yield agree another standstill extension for AHTS duo
Shipowning company Ocean Yield and Solstad Offshore have agreed to further extend the standstill period for two anchor handlers.
Field Studies Continue for Roberts Bank Terminal 2 Project
The Vancouver Fraser Port Authority is continuing field studies in May 2020 as part of ongoing environmental and technical work for the Roberts Bank Terminal 2 Project. Since 2011, the Port Authority has been conducting field studies at Roberts Bank and the surrounding areas that build on previous s