Business & Finance
Update on the Levee Works in the Kansas City District
The U.S. Army Corps of Engineers, Kansas City District has released an update on the progress made in their levee rehabilitation program. As reported, there are 66 levee systems on target for repairs, some with breeches, some with other surface damage such as grass kill or scour holes. The Corps cur
LNG Limited hires voluntary administrators
Cash-strapped LNG Limited has appointed voluntary administrators as the Australian company is going through difficult times. The developer of two US LNG export projects and one in Canada said in a statement that it appointed PricewaterhouseCoopers Australia on 30 April. “The voluntary administrators
Heron Construction to Dredge Napier Port
HEB construction and Napier Port have restarted building Hawke’s Bay’s biggest wharf, which will allow the region to welcome more and larger ships. According to the port, HEB Construction are back on track to start piling this week. As mentioned in the March update, the wharf will be supported by ne
Chevron books larger profit but opts for fresh capex cuts
Chevron booked a larger profit in the first quarter of 2020 compared to the same period last year.
Acteon companies to support platform installation off Trinidad and Tobago
The joint proposal from MENCK and LM Handling, both Acteon Group companies, has been selected to support piling operations for a platform installation off the coast of Trinidad and Tobago.
Golar LNG Partners appoints new CEO
Nasdaq-listed Golar LNG Partners has appointed Karl Fredrik Staubo as its interim chief executive officer. Golar LNG Partners current CEO Graham Robjohns announced in October last year he was to step down on April 30, 2020. Robjohns also stepped down as chief financial officer and deputy CEO of pare
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (April 27-May 3, 2020). Gulf of Ob Dredging Deal Inked FSUE Hydrographic Company and Mordraga have signed an agreement for reconstruction of the Gulf of Ob seaway canal where the Novatek’s Utrenny terminal is bein
Borr Drilling sells two jack-up rigs
Borr Drilling has decided to sell two jack-up rigs for total cash proceeds of $15.8 million.
CSD Willem van Rubroeck Arrives in Poland
Jan De Nul Group’s largest cutter suction dredger (CSD) Willem van Rubroeck has successfully arrived at the Remontowa shipyard in Gdansk, Poland. The trip on board of the semi-submersible transport vessel ‘Hua Yang Long’ took 2.5 weeks. The vessel was unloaded offshore and then towed to the shipyard
UK approves IOG’s plan for North Sea development
The UK Oil & Gas Authority (OGA) has approved IOG’s field development plan for the Core Project Phase 1 located in the UK North Sea.
All Set for Cobourg Harbor Dredging
The Town of Cobourg, ON, will begin its annual spring removal of built-up sediment in the Cobourg Harbor in the following days. Each year, a significant amount of silt and sediment is carried along the north shore of Lake Ontario by waves and currents and deposited at the mouth of the harbor and wit
Dredging Accident Caught on VIDEO
Dredging Today team has just found this frightening video of an accident during a dredging project. The man operating the excavator had just jumped out of the cab at the last minute. Unfortunately, equipment fails and drownings are common accidents among dredge workers. Each type of dredger uses spe
Southeast Ohio Boat Ramp Projects Include Dredging
Three southeast Ohio boat ramps at Fox Lake, Tycoon Lake and Lake Rupert will receive renovations this spring, according to the Ohio Department of Natural Resources (ODNR) Division of Wildlife. Work is scheduled to begin this month and conclude by the end of August. The boat ramp at Tycoon Lake in G
Polarcus shrinks deficit; preps for market uncertainty
Marine seismic player Polarcus has cut its deficit in Q1 2020 despite slightly lower revenues on improved pricing compared to prior year. The Oslo-listed company reported loss for the Q1 2020 of $4.2 million, on revenues of $66.3 million, versus loss of $5.3 million and revenues of $67.1 million in