Business & Finance

Valaris picks up bag of new contracts for rig fleet
Offshore drilling contractor Valaris, formerly known as EnscoRowan, has been awarded a new batch of contracts and extensions with Eni, BP, Premier Oil, Kosmos, Walter Oil & Gas, and an undisclosed operator in Australia.

NSW Government Provides Funds for the Entrance Channel Dredging
Adam Crouch MP – Parliamentary Secretary for the Central Coast – has just announced that the NSW Government will provide $600,000 for dredging works at the Entrance channel. In the release he said that this funding is required to be matched dollar-for-dollar by the Central Coast Council, allowing fo

DSC Dredge Sharkuda Making its Way to Bangladesh
DSC Dredge’s Director of International Dredge Sales, Charles Sinunu, recently attended a meeting and luncheon with Sheikh Hasina, Prime Minister of the People’s Republic of Bangladesh. DSC Dredge said in its announcement that, during the luncheon, the Prime Minister was pleased to learn about the ag

Saga Subsea to Expand Fleet with ROV/Survey Vessel
Saga Subsea has, with its parent company Viking Kystservice, purchased a vessel to be utilized for inshore and nearshore marine operations. The vessel is specially built for survey and ROV operations but it has also been customized as a AUV support vessel on previous campaigns. Currently located at

Boston Harbor Dredging Included in the Budget
With the release of the President’s Budget for fiscal year 2021 (FY21) for the Army Corps Civil Works program, the Corps’ New England District anticipates continued operations and funding in fiscal year 2021 that starts on Oct. 1, 2020. In Connecticut, the FY21 budget proposes continuing funding for

Dredging Ball Joint by Straatman
Machinefabriek L. Straatman has successfully completed the production, assembly and test of a quick release ball joint with an inner diameter of 700 mm. This specific type of ball joint, also known as pinch ball joint, will be used on a cutter suction dredger. This typical Straatman design, which is

Berge Bulk Ship Takes 1st Commercial Delivery of 3D Printed Parts
Berge Mafadi has received the world’s first commercial delivery of 3D printed scupper plugs.

Detroit District Continues the Momentum in 2020
The President’s Budget for fiscal year 2021 includes more than $5.9 billion in discretionary funding for the Civil Works program of the Army Corps with more than $181 million for Detroit District projects around the Great Lakes. The Civil Works budget funds the operation and maintenance program, whi

APM Terminals Restarts Poti Port Expansion Permit Process
APM Terminals Poti has officially re-initiated the process of obtaining the necessary permits with a firm intention to build the new deep-water multipurpose port in Poti, Georgia. On February 11, 2020, APM Terminals submitted application to the Technical and Construction Supervision Agency to obtain

PGS Delivers North Carnarvon Basin Data
PGS has delivered final data for the Mawson multi-client 3D seismic survey covering North Carnarvon Basin of Australia. The Mawson 3D survey applied triple-source GeoStreamer 3D survey design and delivers seismic data with prestack AVO/AVA fidelity to image the deep Triassic fault blocks of the Oute

HitecVision bundles 20 oil & gas firms to expand into other sectors
Norwegian investment firm HitecVision has decided to put together 20 of its oilfield service companies into a new industrial group.

MSC, Maersk Partner Up with SM Line on Transpacific Route
Maersk and MSC, which together form the 2M Alliance, have found a new South Korean partner.

Keel Laid for New Swedish-Finnish Ferry
Rauma Marine has held a keel-laying ceremony for Aurora Botnia, a new ferry being built for Kvarken Link.

Final Call to Apply for Marine Energy Alliance Support
Marine Energy Alliance (MEA) 2nd Call for Applications is closing on Friday – February 14, 2020. MEA aims to progress the technical and commercial maturity level of early-stage (TRL 3 – 4) marine energy technology companies with the overall goal of reducing the risk of device failure in subsequent d