Business & Finance
Eni defends balance sheet and dividend with huge capex and opex cuts
Eni has decided to reduce its capex and opex for this year and the next as a result of the coronavirus pandemic and the oil price war. The reductions are mainly related to Eni’s Upstream activities.
Wallenius Wilhelmsen to Cut 2,500 Jobs in USA and Mexico
Wallenius Wilhelmsen has launched temporary layoffs in the USA and Mexico in line with automaker plant closures.
Eni defends balance sheet and dividend with huge capex and opex cuts
Italian oil and gas company Eni has decided to reduce its capex and opex for this year and the next as a result of the coronavirus pandemic and the oil price war.
Murphy Oil CEO on medical leave over coronavirus concerns
President and chief executive officer (CEO) of U.S. oil and gas company Murphy Oil has taken a temporary medical leave over coronavirus concerns.
USACE Closes Final Platte River Breach
The U.S. Army Corps of Engineers, Omaha District closed the final breach along the Platte River Ames Diking District Levee System, approximately four miles southeast of North Bend, Nebraska Wednesday. The closed breach was the last remaining on a PL 84-99 levee system along the Platte River from las
Diana Shipping’s CEO Has COVID-19
Simeon Palios, chairman and CEO of Greek shipowner Diana Shipping, has tested positive for the coronavirus.
AGS North Sea contract cancelled
Norwegian ocean bottom node seismic company Axxis Geo Solutions (AGS) said it has received a cancellation on a small contract in the North Sea. The contract was scheduled to be executed in second quarter 2020. AGS had not previously announced this contract, however the company said it was communicat
Spotlight on Waterplace Park River Restoration Project
As the sun on the dredging season in the Midwest inland areas began to set, operations were starting to heat up on the east coast for J.F. Brennan Company (Brennan). For a third straight year, Brennan has had the opportunity to procure work in the milder maritime climate throughout New England durin
Seatronics to Market OceanTools Subsea Dye Detection Tech
Seatronics has teamed up with subsea engineering firm OceanTools to promote the newly-launched D7 DyeTector subsea dye & leak detection system. The ROV-mounted OceanTools D7 DyeTector has a 6000m/20,000’ depth rating that uses high intensity LEDs to cause a dye to fluoresce. The emitted light from t
WEDA 2020 Environmental Excellence Awards
Each year the Western Dredging Association presents Environmental Excellence Awards to outstanding projects at its annual WEDA Environmental Summit and Exposition. In 2020 the awards will be announced on June 10, during the WEDA Luncheon at the WEDA Dredging Summit and Exposition being held from Jun
Over million oilfield jobs on the line due to oil price war and coronavirus, Rystad says
More than a million jobs in the oilfield service industry (OFS) are likely to be cut in 2020 due to low project volumes brought upon by the Covid-19 epidemic and the ongoing oil price war, a Rystad Energy impact analysis shows, also revealing that shale services will bear most of the reductions.
Twin Dyke – Building with Nature for Multiple Benefits
The obvious solution to a sea defense problem is usually the easiest one to accept, because it’s indeed so obvious. If a sea dyke is not strong enough for the consequences of future climate change, then it should be reinforced to meet the new requirements. However, beside an estuary on the southern
Damen Electrically Driven ECSD650 Ready for Delivery
Damen Shipyards Group is ready to deliver another vessel – this time it is the electrically driven cutter suction dredger ECSD650. In its latest announcement, the company said that following extensive tests at the Damen Dredging yard, the zero emission dredger can be handed over to its new owner. Th
Odfjell Terminals US secures $250 million loan
Odfjell Terminals US (OTUS), jointly owned by Norwegian terminal operator Odfjell SE and Candian Northleaf Capital Partners, has closed a new five-year, $ 250 million revolving credit facility. The loan is intended for debt refinancing and funding investments in the existing infrastructure and new g