Business & Finance
Diamond files complaint against Beach over ‘invalid’ rig contract termination
Diamond Offshore has filed a complaint against Australia’s Beach Energy claiming that the oil company’s termination of a drilling contract for the Ocean Onyx rig is invalid.
Tellurian agrees $50 mln financing
US LNG export project developer, Tellurian has secured a $50 million financing in a push to build cash reserves.
Masdar refinances London Array stake
Masdar Energy UK, a wholly-owned subsidiary of Masdar, has refinanced its stake in the 630 MW London Array offshore wind farm in the UK. The refinanced debt totalled approximately £ 466 million in commercial bank debt, maturing in December 2032. Original financing for the project closed in October 2
UK unions call on gov’t to halt ‘carnage’ of oil & gas jobs
UK’s offshore unions have launched a campaign to protect the jobs in the oil and gas sector and secure its future, calling for a halt to the “carnage” of jobs.
NY court allows Maersk to move services from GCT to APMT
A New York District Court has ruled against the Global Container Terminals’ (GCT) request for a restraining order against Maersk’s plans to transfer three services from GCT’s New York container terminal over to APM Terminals Elizabeth, New Jersey. The decision comes after GCT tried to stop the prema
Cellulose Aeration Lagoon Dredging VIDEO
Watermaster has just released this amazing video from the recently completed Cellulose Aeration Lagoon Dredging Project in Chile. Under the scheme, a pulp mill development and expansion project required the removal of more than 120,000m³ of organic sludge from an aeration lagoon of the effluent plan
WPD and LeaLea team up on 600 MW wind farm offshore Taiwan
German offshore wind developer wpd has signed an agreement with Taiwan Green Power (TGP) to jointly develop a 600 MW offshore wind project in Taiwan. The wind farm site No. 28 is expected to be part of the third tender round in Taiwan, wpd said. The project is located off the coast of Changhua in [&
Saving Presque Isle VIDEO
The USACE Buffalo District’s Presque Isle sand nourishment project’s primary objective is to preserve Presque Isle Peninsula by stabilizing the shoreline and maintaining beaches that are an important economic resource for the City of Erie. Presque Isle Peninsula forms Erie Harbor and is a national l
IMF loan to aid Gabon’s recovery from oil price crash and coronavirus
The International Monetary Fund (IMF) and the Government of Gabon have reached an agreement for a $147 million facility to help the country address the challenges that have arisen due to the global COVID-19 pandemic and oil price crash.
Meyer Turku in talks to lay off 450 workers
Finnish shipbuilder Meyer Turku shipyard has launched talks with its employees on the layoff of 450 people as a result of the coronavirus crisis on the yard’s operations. The company said the temporary layoffs would differ in length and that additional 900 people would be affected by other types of
Protecting Currimundi Lake Area from Erosion
Proactive maintenance work will begin today on the southern side of Currimundi Lake to protect the roads, lifeguard tower, beach access and park area from erosion, reports Sunshine Coast Regional Council. Commenting the latest news, Council Coastal Engineer, Georgia Keeshan, said that the work is in
Fugro, IOVTEC set up joint company to serve Taiwan’s offshore wind market
Fugro and International Ocean Vessel Technical Consultant (IOVTEC) have established a joint business entity in Taiwan. The move follows the companies’ cooperation in the offshore wind sector in Taiwan over the last few years. Fugro and IOVTEC have been serving Taiwan’s emerging offshore wind market
Neptune kicks off Fenja drilling campaign
Neptune Energy has kicked off its Fenja drilling campaign, located offshore Norway, following the spud of the first well.
VIDEO Emptying Sand Barges by Using DOP Dredge Pump
Damen Shipyards has just released a video named ”How to Empty Sand Barges Using a DOP Dredge Pump”, recorded during a project in Haringvliet, the Netherlands. Under the contract, for a newly created island 5.000m³ of coarse sand had to be transported. This new island is located in a very shallow are