Business & Finance
Grays Harbor Maintenance Dredging Begins
The U.S. Army Corps of Engineers is beginning the Grays Harbor maintenance dredging operations in the Outer Harbor. There are many crab pots in the South Beach Disposal Site and the Army Corps of Engineers is asking fishermen and crabbers to move their equipment to avoid having it damaged. All navig
BW blocked from removing FPSO Umuroa from New Zealand field
BW Offshore’s efforts to remove its FPSO Umuroa from a field offshore New Zealand following last year’s contract termination have been hindered by legal complications.
ION and WesternGeco end decade-long seismic tech clash
Seismic players ION Geophysical and WesternGeco have reached a settlement of the decade-long patent litigation regarding lateral streamer positioning. The parties have signed a deal where WesternGeco will permanently dismiss the pending lawsuit, grant ION a license to the patents and lift the injunc
Oil price war and coronavirus bite into Noble’s rig contracts
The oil price war and the coronavirus pandemic are already taking their toll on the oil and gas services market, with offshore drilling contractors among the most affected segments. One of the major drillers, Noble Corporation, has seen its contracts shortened, rigs stacked and put on standby, and d
Centerm Container Terminal Dredging Complete
At the end of March, the Vancouver Fraser Port Authority successfully completed dredging works under their Centerm Expansion Project. In the latest update, the port authority said that dredging work on both the eastern and western expansion of the Centerm container terminal was completed last month.
Tender Released for Southampton Dredging Works
Associated British Ports Ltd (ABP) has released a tender to the market for dredging and pumping works in Southampton, UK. The notice, published in the Tenders Electronic Daily (TED), said that ABP Southampton is seeking a supplier that will carry out deepening and widening of existing berth pockets
American Shipping Company closes $305 Mn refinancing for nine ships
Despite COVID-19 challenges, AMSC has closed a $305 million refinancing covering nine vessels.
The Next Phase of Marysville Ring Levee Works
The U.S. Army Corps of Engineers Sacramento District recently awarded a $22.5 million construction contract to Great Lakes Environmental & Infrastructure, LLC, of Rocklin, California, for 2.8 miles of improvements to the levee that surrounds Marysville, California. Part of the bigger Marysville Ring
Express Engineering rewarded for business growth and success
Express Engineering has seen its growth and product development success recognised by the UK’s venture capital sector. The Gateshead firm won the Mid-Market Management award at the British Private Equity & Venture Capital Association’s (BVCA) Management Team Awards, recognising the leadership team’s
Novatek’s Q1 gas production up, LNG sales down
Russia’s largest independent natural gas producer Novatek boosted its production in the first quarter of this year while the company’s sales decreased. Novatek said Thursday that natural gas production rose by 2.2 percent year on year to 19.1 billion cubic metres. The Russian company’s production of
Environmental Report Released for Roberts Bank Terminal 2
The independent review panel has released its report on the Roberts Bank Terminal 2 Project. The project is a proposed new three-berth marine container terminal located at Roberts Bank in Delta, British Columbia, approximately 35 km south of Vancouver. The release of the review panel’s report marks
Report Signed for Loxahatchee River Restoration Project
The Chief of Engineers and Commanding General of the U.S. Army Corps of Engineers signed a key ecosystem restoration report April 8, 2020, that allows Congress to consider the project for future authorization. Lt. Gen. Todd T. Semonite, Chief of Engineers and Commanding General of the U.S. Army Corp
Offshore drillers will be living on the edge, Rystad analysis shows
The Covid-19 epidemic and the ongoing oil price war have ravaged global energy markets during the last two months, and offshore drilling, in particular, is among the most affected industry segments, according to energy intelligence firm Rystad Energy.
Centara Three Island Reclamation Project in Full Swing
The Maldives Transport and Contracting Company Plc (MTCC) has just released an update on their Centara Three Island Reclamation Project. Last year, MTCC signed a contract with a Thailand hospitality management and holding company, Centara Hotels and Resorts, for the land reclamation works on three i