Business & Finance
PHOTO: CSD Carolina Busy in Port of Corpus Christi
The Port of Corpus Christi’s $410 million Channel Improvement Project, conducted by Great Lakes Dredge and Dock Company (GLDD), is moving forward. GLDD yesterday released this beautiful photo of their cutter suction dredger (CSD) Carolina working on the Phase 1 of a multiphase project to deepen the
Engie Fabricom Joins England’s NE Offshore Wind Cluster
Engie Fabricom has joined Energi Coast, the North East of England’s Offshore Wind Cluster.
JV Including DEME Wins Kiel Canal Contract
DEME has won a contract as part of a joint venture for the widening of the Kiel Canal in Germany. Works started in January 2020 and will run until the end of 2023. The Federal Waterways and Shipping Administration, represented by the WSA Kiel-Holtenau, commissioned the joint venture with the constru
Melbana Energy’s takeover bid for Metgasco fails
Oil and gas exploration company Melbana Energy has been unsuccessful in taking over compatriot ASX-listed oil and gas company Metgasco.
2H Offshore Appoints Flexible Pipe Systems Expert in Perth
2H Offshore has appointed Nitin Repalle as principal engineer for flexible riser systems at company’s Perth office Repalle will be responsible for leading the engineering and business development of flexible pipe systems in Australia. He will also provide technical solutions in the areas of floating
Uptime to provide access solutions for BP’s Tortue Ahmeyim project
Norway’s Uptime International has been awarded a contract from Eiffage Génie Civil Marine for the supply of access solutions for the LNG Hub Marine Terminal for BP’s Greater Tortue Ahmeyim LNG project offshore Mauritania and Senegal.
Northrop to Integrate Sonar onto L3Harris Small-Class UUV
Northrop Grumman said it will integrate its µSAS (pronounced “micro-sas”) sonar onto L3Harris Iver4 unmanned undersea vehicle (UUV) for a 12-month test period for the Defense Innovation Unit’s (DIU) next generation small-class UUV program. Integrated onto a 9-inch diameter, 99-inch long, 200-pound U
EU Launches EUR 75 Mn BlueInvest Fund to Boost Innovation
The EC and EIF launch the BlueInvest Fund in an effort to support innovations in the maritime sector.
Shell leases Grupo R rig for Gulf of Mexico operations
Grupo R has signed a contract with Shell for the lease of the La Muralla IV drilling rig to operate in the deep waters of the Gulf of Mexico.
NGO Shipbreaking Platform: Shipping Companies Still Favor the Worst Scrapyards
A total of 674 ocean-going commercial ships and offshore units were sold to the scrapyards in 2019.
Osbit Well Intervention Package for FTAI Ocean
UK-based offshore technology firm Osbit has won a contract by FTAI Ocean to design and build a well intervention tower system. The so-called ‘smart tower system’ is to be installed on FTAI’s vessel M/V Pride and facilitates integrated riserless and riser-based well intervention operations in water d
Lower prices curb ConocoPhillips profit
ConocoPhillips posted a smaller profit for the fourth quarter of 2019 compared to the prior-year period due to impairments and lower realized prices and volumes.
Ørsted Targets Carbon Neutral Supply Chain by 2040
Ørsted is launching a program aimed at engaging its supply chain in becoming carbon neutral by 2040.
Japan Files WTO Petition over Korean Shipbuilding Subsidies
Japan has filed a new petition with WTO against South Korea concerning shipbuilding subsidies.