Business & Finance
Aker BP profit jumps on higher revenues and record output
Aker BP increased its quarterly profit as its total income went over $1 billion lifted by record high production.
AAPA Apprehensive About Budget
The American Association of Port Authorities (AAPA) said in their latest release that they have welcomed support in President Trump’s fiscal 2021 budget for two vital U.S. Department of Transportation (USDOT) competitive infrastructure grant initiatives, known as BUILD and INFRA. The association als
SCF Names LNG Carrier Intended for Charter with Total
SCF Group’s hosted a naming ceremony for its latest LNG carrier, SCF La Perouse.
Cockle Bay Beach Gets Makeover
A new rock revetment has been constructed on the western side of Cockle Bay beach to reduce severe coastal erosion, reports the Auckland Council. The revetment, consisting of rock weighing between 300kg and 1tonne, dissipates wave energy, reducing the height of the waves reflecting eastward toward t
TechnipFMC prepares for $2.4 billion impairment charge hit in 4Q
Oilfield services provider TechnipFMC expects $2.4 billion of non-cash asset impairment charges to impact its results in the fourth quarter of 2019.
Officials Announce Start of West of Shinnecock Inlet Beachfill
Congressman Lee Zeldin was joined yesterday by Suffolk County Executive Steve Bellone, Town of Southampton Supervisor Jay Schneiderman and New York District Commander of the Army Corps Colonel Thomas Asbery, to announce the start of a 100% federally funded project to place an estimated 600,000 cubic
Hydroid Delivers REMUS 300 UUV to US Navy
Hydroid said it has delivered the first REMUS 300 unmanned underwater vehicle (UUV) prototype to the US Navy through the Defense Innovation Unit (DIU). This new, modular UUV will be assessed over the next year as a potential solution for the next generation small-class UUV (SUUV) program for the Nav
Oceaneering Wins BP RLWI Gig Off Angola
Oceaneering has been awarded a contract by BP to provide riserless light well intervention (RLWI) services offshore Angola in Blocks 18 and 31. In connection with this contract, Oceaneering has agreed to provide personnel and equipment related to its RLWI services, remotely operated vehicles (ROV’s)
President’s Fiscal 2021 Budget for USACE Civil Works Program Released
The President’s Budget for Fiscal Year 2021 (FY 2021) includes $5.967 billion in gross discretionary funding for the Civil Works program of the U.S. Army Corps of Engineers. “The Army Civil Works FY 2021 budget focuses on investments that enhance and protect our nation’s water-related infrastructure
Oceaneering to conduct riserless well intervention for BP off Angola
Oceaneering has been awarded a contract for comprehensive riserless light well intervention services offshore Angola in Blocks 18 and 31 by oil major BP.
Harvey Gulf chief executive to stay on until 2027
U.S.-based marine transportation company Harvey Gulf has signed an agreement with its chief executive officer (CEO) to remain in the role for years to come.
Phoenix Lands $97M SUPSALV Deal
Phoenix has been awarded a $97-million (maximum value) contract to provide diving and diving related services to the United States Navy. The primary purpose of this contract is to deliver operational, engineering and technical support to the Navy’s air, mixed gas and saturation diving services progr
Aquaterra to design offshore platform for Chevron off Angola
Aquaterra Energy, a provider of offshore engineering solutions, has secured a “significant” agreement from Chevron to design and support the installation of the Sea Swift offshore platform solution off the coast of Angola.
RigNet to supply communications solutions to Northern Offshore rig fleet
Offshore telecommunication services provider RigNet has signed a long-term agreement with offshore driller Northern Offshore to provide various services to its fleet of rigs in the Middle East.