Business & Finance
Comments Sought for Bal Harbour Beach Renourishment
The U.S. Army Corps of Engineers, Jacksonville District has opened public comment on the Draft Environmental Assessment (EA) and proposed Finding of No Significant Impact (FONSI) regarding potential sand sources for the renourishment of the Bal Harbour Beach segment of the Dade County Beach Erosion
Dredging the Brewerton Channel Eastern Extension
Great Lakes Dredge and Dock of Oak Brook, Illinois, is making good progress dredging one of the channels associated with the Baltimore Harbor. According to the Army Corps, crews are currently dredging roughly 950k cubic yards of material from the Brewerton Channel Eastern Extension, ensuring continu
Petrofac to reduce its headcount by 20 pct in response to coronavirus crisis
Petrofac is joining other providers in actions responding to the unprecedented market conditions. As a result, Petrofac will reduce its capex by 40%, reduce salaries across the company, and reduce its personnel by about 20%.
SpotOn Energy gains exclusivity for Barryroe farm-in
Providence Resources has moved to raise about $3 million through the issue of new shares and entered into an exclusivity deal for the farm-out of the Barryroe field, located offshore Ireland, with SpotOn Energy.
CRMC Funding Habitat Restoration Projects
The R.I. Coastal Resources Management Council (CRMC) has awarded funding for seven habitat restoration projects in the 17th year of its RI Coastal and Estuarine Habitat Restoration Trust Fund (CEHRTF). The Council approved the funding at the March 10 semi-monthly meeting in Providence. A number of t
Shelf Drilling gets third termination in less than a month
Shelf Drilling has entered into a mutual agreement with a customer to shorten the contract for another one of its jack-up drilling rigs operating in the Middle East, which makes it a third early termination for Shelf in less than a month.
Low oil price environment not “business as usual” for Otto Energy
Australia-based oil and gas company Otto Energy has taken measures to mitigate the effects of the low oil price environment.
Sandringham Coastal Protection Works Underway
Bayside City Council, Victoria, is currently undertaking works in Sandringham to reduce erosion and protect the coastal environment. These works are taking place along the coastal path and Trey Bit Reserve during April and May. Key improvements include: Extending existing fencing along the coastal p
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (March 30-April 5, 2020). Donjon Wraps Up Manhattan Dredging In preparation for the arrival of the USNS Comfort to New York, USACE New York District Operations Division moved quickly and approved the necessary dre
Carnival to put majority of its ships in prolonged layups
Carnival Corporation expects to put a vast majority of its ships in prolonged layups during the global pause of its cruise operations resulting from the coronavirus pandemic. During the prolonged ship layups, the ships will be manned by a limited crew, costing approximately USD 1 million per month.
Carteret County Beachfill Operations Switch to Salter Path
Trailing suction hopper dredge Ellis Island has been working non-stop this week on the beach nourishment project in Carteret County, NC. According to the county officials, Great Lakes Dredge & Dock has just completed the Pine Knoll Shores portion of the project. Now, the contractor will fully transi
ECSA: Maritime-specific rescue and recovery plan is urgently needed
ECSA stressed that more sector-specific actions are needed to save the European shipping industry.
Award for Whiskey Island Restoration Project
The team of Coastal Engineering Consultants, Inc. and GeoEngineers, Inc. has earned a National Recognition Award for exemplary engineering achievement in the American Council of Engineering Companies’ (ACEC) 53rd annual Engineering Excellence Awards (EEA) for the Caillou Lake Headlands (Whiskey Isla
French and Chinese form floating wind pact
The French DOLFINES and China’s CIMC Raffles have signed a Memorandum of Understanding (MoU) to boost floating offshore wind in Europe and Asia. The two parties have agreed to cooperate on the commercial development of their activities in Europe and Asia to boost the floating wind sector. According