Business & Finance

Delek’s Ithaca to set up infrastructure company for North Sea assets
Israel’s Delek Group has said that its subsidiary Ithaca Energy has made a deal with an investment firm to set up a new infrastructure company for Ithaca’s North Sea operations.

Kentucky Point Dike Project Complete
The Memphis District of the Army Corps recently completed another important Mississippi River project located just across the Mississippi River from New Madrid, Missouri. The stone dike construction project, named Kentucky Point, Kentucky, was designed to assist in maintaining a safe and reliable na

Mermaid Sets Up UK Subsidiary
Mermaid Maritime has incorporated an indirect wholly owned subsidiary – Mermaid Subsea Services in the United Kingdom (MSS UK) on 7 February 2020. The Singapore-listed company said it intends to utilize MSS UK as a vehicle to expand the provision of its subsea and related services into the North Sea

Wallops Island Contract Awarded
The Norfolk District of the U.S. Army Corps of Engineers awarded a $23.7 million contract to Miami-based business Continental Heavy Civil Corp. for beach renourishment at the NASA Wallops Island Flight Facility on Virginia’s Eastern Shore. The project includes construction of breakwaters and placing

USACE Submits Unalaska Report for Authorization
Lt. Gen. Todd T. Semonite, commanding general of the U.S. Army Corps of Engineers and 54th U.S. Army Chief of Engineers, has signed the Unalaska (Dutch Harbor) Channels Chief’s Report in Washington, D.C. The signing progresses the proposed project to Congress for authorization. Located in the Aleuti

Searcher Delivers Offshore Peru Seismic Datasets
Australia-based Searcher Seismic has completed its offshore Peru OpenSeis 2D & 3D seismic dataset as part of its offshore Peru multi-client campaign. The ‘Offshore Peru OpenSeis Seismic Dataset’ consists of both 2D and 3D vintage seismic data which has been rectified in a post-stack reprocessing met

Mermaid Maritime targets North Sea market
Thailand’s offshore vessel operator Mermaid Maritime has incorporated a subsidiary in the UK with an intention to provide its services in the North Sea.

Unique Group expands in Australia with new acquisition
Unique Group has announced the acquisition of the Australian-company Western Advance’s Marine Division and appointment of Chris Forde as its new regional vice president.

Readers’ Picks of the Week (February 3-7, 2020)
Here are the most read stories of the previous week.

Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (February 3-9, 2020). Two Damen Cutter Suction Dredgers Shipped to Mexico Damen Shipyards recently delivered two new dredgers to the Mexican Navy, among which is the cutter suction dredger (CSD) 650 ARM Laguna Mor

Highlights of the Week
MarineEnergy.biz has compiled the top news from marine energy industry from February 03 – February 09, 2020. https://marineenergy.biz/2020/02/05/ec-and-eif-set-up-e75m-blueinvest-fund/ https://marineenergy.biz/2020/02/04/atlantis-opens-new-office-in-japan/ https://marineenergy.biz/2020/02/07/carnegi

Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (February 03 – February 09). https://subseaworldnews.com/2020/02/07/saipem-nets-over-500-million-in-contracts/ https://subseaworldnews.com/2020/02/07/red-ink-for-aker-solutions/ https://subseaworldnews

Russia Gives Green Light for New LNG Transshipment Terminal
Russia approves an LNG transshipment terminal design in the Kamchatka Territory.

Aker Solutions books loss despite higher revenues
Aker Solutions sank to a quarterly loss despite a 6% increase in revenues, but the company expects an increase in global energy demand in the long-term.