Business & Finance
Oman’s Asyad Group Merges Shipping, Ship Repair Businesses
Asyad Group has decided to integrate Oman Shipping Company and Oman Drydock Company.
Sonardyne Forms New Parent Company
The owners of marine technology specialist Sonardyne have formed a new parent company to increase the breadth and capabilities available to customers across the organisation’s independent subsidiaries. Sonardyne Group will align and harness the joint strengths of Chelsea Technologies, EIVA, Wavefron
Managing Adelaide’s Beaches
The SA Department for Environment and Water continues sand movement works from the Semaphore South breakwater and the beach between the Semaphore and Largs Bay jetties, to West Beach and Henley Beach South. According to the City of Port Adelaide Enfield latest update, sand will continue to be moved
AGR Names New Head of Its Americas Unit
AGR has appointed Michael Berry to lead its operations in the Americas’ region out of the company’s Houston, TX regional headquarters. Berry joins AGR from Apache Corporation where he was member of the company’s portfolio management group. With background both in conventional and unconventional reso
Kosmos to slash capex, suspend dividend, and reduce headcount in response to market volatility
Kosmos Energy has decided to reduce its capital and operational expenditures as well as administrative costs, and suspend the dividend in response to the current market price volatility.
Bonefish Bayou Dredging Kicks Off
Dredging operations are currently underway on the Bonefish Bayou canal between Ocean Drive and Palm Tree Drive in Punta Gorda, Florida. The work kicked off yesterday and is expected to run through March 31, weather and equipment operation permitting. Under the plan, the dredge material is being offl
ExxonMobil moves to cut spending due to ‘unprecedented environment’
ExxonMobil is looking to significantly reduce spending as a result of market conditions caused by the COVID-19 pandemic and commodity price decreases.
Phil’s Cut Marsh Enhancement Project Underway
Ducks Unlimited’s Phil’s Cut Marsh Enhancement Project is currently under construction in Terrebonne Parish. This project will enhance 2,700 acres of fresh and intermediate marsh in the Terrebonne Basin, where rates of coastal land loss are high. The project includes the installation of a new flap g
Another oil and gas operator shrinks 2020 budget
U.S.-based oil & gas operator W&T Offshore has reduced its capital expenditure budget for 2020 and that it has added natural gas costless collars to its hedging portfolio.
Gulf Island chairman to retire. Board to be reduced to seven members
The chairman of U.S. offshore facilities fabrication company Gulf Island has decided to retire from his position effective upon the expiration of his current director term.
Vancouver, Tomakomai Ports Team Up to Promote LNG as Ship Fuel
Vancouver Port and Tomakomai Port sign MOU to promote the use of LNG as a marine fuel and LNG bunkering.
Next Round of Batemans Bay Dredging
Next round of Batemans Bay dredging operations is currently underway, according to the Roads and Maritime Services NSW. The dredging operations, which started on March 6, will be occurring in the vicinity of the Clyde River Bar, Batemans Bay. Vessel operators should exercise caution in the vicinity
Supergen ORE Hub Launches Second Offshore Renewables Funding Call
The Supergen Offshore Renewable Energy (ORE) Hub has launched the second round of Flexible Funding to advance research into the opportunities and challenges of offshore wind, wave and tidal energy. This second round will award up to GBP 1.2 million to researchers at UK Higher Education Institutions
Coronavirus-Hit Cruise Ship Still Stranded off Bahamas
Braemar cruise ship with almost 700 passengers on board is still searching for a port where it could dock.