Business & Finance
Popponesset Dredging Begins
Dredging works on the Popponesset approach channel in Massachusetts began earlier this week after high winds and rough waters delayed the annual project, which was supposed to begin February 10, The Mashpee Enterprise reports. Commenting the latest news, Kenneth H. Bates, chairman of the Mashpee Wat
Eni swings to loss despite ‘record production’
Italian oil and gas company Eni booked a loss in the fourth quarter of 2019 compared to a profit in the same period of 2018 despite record production driven by project ramp-ups and start-ups. According to its quarterly report on Friday, Eni’s adjusted operating profit was €1.8 billion in the fourth
Pioneer Marine CEO Steps Down
Torben Janholt, CEO of Pioneer Marine, retiring.
Ocean Infinity Scores ExxonMobil Guyana Survey Work
Ocean Infinity has secured a contract from ExxonMobil for geophysical and geotechnical data acquisition within the Stabroek block offshore Guyana. The company will carry out high-resolution autonomous underwater vehicle (AUV) survey, simultaneously deploying its AUVs in water depths of between 70 me
Vroon gets BP extension for ERRV quartet
Dutch provider of offshore support vessels Vroon Offshore Services has been awarded a three-year contract extension with oil major BP.
More Red Ink for SeaBird
Oslo-listed SeaBird has recognized net loss from continuing operations of $11.8 million for Q4 2019, against net loss of $3.7 million in the same period in 2018. The seismic data provider for oil and gas companies said its profitability in the quarter was negatively affected by restructuring charges
Teekay Returns to Black
The fourth quarter of 2019 marked a return to profitability for Teekay.
Amendment Proposed for Westport Beach Nourishment Works
Planning & Zoning Director Mary Young has announced that on March 5, 2020 the Planning & Zoning Commission will review an amendment to the Westport Zoning Regulations, the Town of Westport, CT, reports. Authored by the Planning and Zoning Commission’s Zoning Regulation Revision Subcommittee, Text Am
More Dredging on Sabetta Seaway Canal in 2020
In 2020, Federal State Unitary Hydrographic Department will perform dredging works as part of Sabetta port’s seaway canal reconstruction in the amount of about 20 million cbm. This was revealed by Yury Mikhov, General Director, Federal State Unitary Hydrographic Department, at the 3rd International
Höegh LNG Settles USD 23.7 Mn LNG Boil-Off Dispute with Total
Höegh LNG agrees with Total to settle the boil-off dispute regarding Neptune and Cape Ann.
Growth in shallow-water drilling set to continue in 2020, Borr Drilling says
Borr Drilling believes that the growth in the shallow-water drilling is set to continue in 2020. The average length of a jack-up contract has increased, supported by strong tendering activity, where Borr sees a demand for more than 40 modern jack-up rigs in various tenders across the world.
BW LPG Brings Total LPG Retrofits to 12
BW LP has exercised another option for the delivery and retrofitting of a further four dual-fuel LPG propulsion engines.
Kraken Makes 2020 TSX Venture Top 50 List
Canada-based underwater sensors & robotics specialist Kraken has been recognized by the Toronto Venture Stock Exchange as a 2020 Top 50 Company. The TSX Venture 50 is a ranking of the strongest companies on TSX Venture Exchange by share price appreciation, trading volume amount, and market capitaliz
Officials Discuss New York District Projects
Congressman Lee Zeldin yesterday held a meeting with the Army Corps of Engineers, including Commander of the New York District of the Army Corps, Colonel Thomas Asbery. “Yesterday, I met with the Army Corps to reiterate the gratitude for their 24/7 operations all up and down our shores. For example,