Business & Finance
Helix Energy Solutions swings to quarterly loss
Houston-based offshore services and robotics specialist Helix Energy Solutions has reported net loss of $11.9 million, or 9 cents per diluted share, for the first quarter of 2020 compared to $1.3 million profit for the same period in 2019. Sequentially, profit fell from $8.1 million of 5 cents per d
Repsol Sinopec expands Petrofac’s scope of support on UK assets
Petrofac is preparing to extend its provision of operations and maintenance services to Repsol Sinopec Resources UK following an enhancement to its existing contract.
Iberia Parish Council OKs Coastal Plan
The Iberia Parish Council, State of Louisiana, has passed a resolution that may go a long way in alleviating drainage and fisheries concerns in the parish, The Daily Iberian reports. The council voted unanimously to appropriate $5,000 from the GOMESA fund for costs related to the planning of the Coa
PGS raises cost-cutting as it sinks to wider loss
PGS has seen its Q1 2020 loss widened, mostly on impairments related to library and sale of non-current assets. The Oslo-listed seismic player reported quarterly loss of $117.5 million, or 32 cents per share on revenues of close to $129 million, against loss of $65 million, or 19 cents per share on
Ecology: Saving Dynamic Coastal Wetland Habitat
The Washington State Department of Ecology has secured seven National Coastal Wetlands Conservation grants worth more than $5 million. The 2020 federal grants will help local partners restore and enhance nearly 500 acres of coastal wetlands and 17,500 feet of marine shoreline in Jefferson, Kitsap, S
South Korea to give $1 billion to ailing shipping firms during COVID-19
South Korea is to provide financial assistance of ₩1.25 trillion (around $1 billion) to struggling shipping companies negatively affected by the coronavirus pandemic.
Kosmos Energy gets delisting warning from NYSE
Kosmos Energy has been given a continued listing standard notice from the New York Stock Exchange (NYSE).
Early terminations and day rate reductions for Valaris rigs
Valaris has seen a number of its drilling contracts terminated and day rates slashed as oil and gas operators are looking to reduce costs.
TechnipFMC books $3.25B loss; cuts execs pay and dividend
TechnipFMC has reported first-quarter 2020 loss of $3.25 billion or $7.28 per diluted share against $21 million profit same time last year. The services major has seen the results affected by after-tax charges and credits totaling $7.17 per share, primarily driven by non-cash impairment charges. Tec
West Shore Lake Pontchartrain Plan on the Table
The USACE’s New Orleans District has prepared a Draft Supplemental Environmental Assessment #571 (SEA #571) titled “West Shore Lake Pontchartrain Hurricane and Storm Damage Risk Reduction Levee System St. Charles and St. John the Baptist Parishes, Louisiana” which is available for public review and
Julong CSD Kicks Off Dredging Work in Su Ya Lake, China
Julong’s two unit 20-inch dredger CSD500, equipped with France Baudouin brand diesel engine with total power of 2000hp, is starting the dredging operations in Su Ya Lake, China. According to the Qingzhou City based manufacturer and supplier of dredging equipment, these dredgers have a 15 meters dred
Borr takes another rig delivery from Keppel
Singapore’s offshore rig builder Keppel Offshore & Marine has delivered a newbuild jack-up rig, named Hild, to Borr Drilling.
USACE Nears 10 Million Cubic Yard Milestone in Boston
The U.S. Army Corps of Engineers (USACE), New England District, is nearing the milestone of removing 10 million cubic yards of dredge material as part of Phase II of the three-phased Boston Harbor Navigation Improvement Project in Boston, Massachusetts. Approximately one million cubic yards of ordin
Santos quarterly revenue, production down
Australian gas producer and GLNG operator, Santos reported a 13 per cent decrease in revenue, affected by the slump in oil and gas prices. Santos sales revenue for the January-March quarter fell to $883 million from $1.02 billion a year ago. The Australian company produced 17.9 million barrels of oi