Business & Finance
Innogy looking for apprentice offshore wind turbine technicians
Innogy has launched a recruitment process for a new wind turbine technician apprenticeship dedicated to the Triton Knoll offshore wind farm. The recruitment drive comes as innogy pilots a national apprenticeship hub at Coleg Llandrillo, part of Grŵp Llandrillo Menai, in North Wales, where 30 apprent
FSG files for insolvency
Cash strapped German shipbuilder Flensburger Schiffbau-Gesellschaft (FSG) has filed for the opening of insolvency proceedings at the local court in Flensburg. The court has approved the application and ordered a provisional self-administration, according to the documents seen by Offshore Energy. The
Maersk Drilling bags $100 million deal with Equinor
Maersk Drilling has been awarded a contract by Equinor for the drilling of three and plugging of one well on the Martin Linge field offshore Norway.
Lundin lifts output forecast as quarterly revenues grow
Lundin Energy saw its quarterly revenues grow on the back of Johan Sverdrup start-up. As a result of strong performance from the Norwegian fields, Lundin has increased its full-year production guidance.
Dunedin Marina Dredging Set for June
Because of the dredging of shallow area, the Dunedin Marina boat ramp will close to the general public effective Friday, May 8, 2020. The City of Dunedin reported that they will begin dredging the marina on Monday, June 1st, with staging in the parking lot areas possibly starting a week prior. As re
GLDD Wraps up Phase II of the Post Florence Renourishment Project
Great Lakes Dredge & Dock has successfully completed Phase II of the Post Florence Renourishment Project. According to the Carteret County Shore Protection Office, GLDD’s hopper dredge Ellis Island delivered the last load of sand to West Emerald Isle (“reach 2”) at approximately 1:30 pm, on April 29
EMGS in sales agreement for multi-client library in Norway
Electromagnetic Geoservices (EMGS) has entered into a late-sales multi-client licensing agreement for its multi-client library in Norway. The net revenue to EMGS under the agreement is approximately $1.7 million. The majority of the revenue will be recognised in the second quarter of 2020, EMGS said
Subsea 7 plans cost cuts as loss doubles
A comprehensive cost reduction programme is being developed and will be announced in the second quarter.
ORN Presents First Quarter 2020 Results
Orion Group Holdings, Inc. (ORN) yesterday reported net income of $2.7 million ($0.09 diluted earnings per share) for the first quarter ended March 31, 2020. “I want to sincerely thank our team members who are safely working at our project sites, yards, field support offices, and remote locations ar
Valaris books $3 billion loss over rig impairments
Valaris booked $3 billion loss in the first quarter of the year affected by impairments and fleet utilization decline.
MPA Singapore unveils S$27M maritime support package
The Maritime and Port Authority of Singapore (MPA) revealed it would provide further financial support to the maritime industry in the wake of the global COVID-19 outbreak.
Maintenance Dredging in Homer (AK) Done
The U.S. Army Corps of Engineers, Alaska District has just announced the completion of maintenance dredging in Homer. According to the Corps, the District completed maintenance dredging in Homer on Monday in the U.S. Coast Guard berth of the harbor. “We initially estimated that 3,500 cubic yards of
Shell’s Q1 LNG sales rise
The Hague-based LNG giant Shell reported a nine per cent rise in its liquefied natural gas sales during the first quarter of this year. Shell sold 19 million tonnes of LNG in the January-March period, compared to 17.51 million tonnes in the same period last year, the company said on Thursday in its
Bright Future Ahead of Royal IHC
A broad consortium of investors and industry partners from the dredging and offshore sectors and the existing international syndicate of banks of Royal IHC, including the three major Dutch banks, have reached a Heads of Agreement for the acquisition and refinancing. This gives Royal IHC, as an impor