Business & Finance

Dredged Sand from Indian Creek Added to Buckroe Beach
Hampton’s Public Works Department has devised a way to add sand to Buckroe Beach and save taxpayers more than $100,000 at the same time. The stormwater team has been working on a project to retain more water and reduce flooding at Indian Creek in the Wythe area. As part of that project, they arrange

Premier Oil hires Valaris drillship for well off Brazil
Oil and gas company Premier Oil has hired a Valaris-owned drillship for operations on Block 717 located offshore Brazil.

Carnival Corporation to Debut 4 New Cruise Ships in 2020
Carnival Corporation & plc will launch four new cruise ships in 2020 across four of its cruise line brands.

T&T Salvage to Remove Golden Ray Wreck
T&T selected to remove the wreck of the capsized car carrier Golden Ray from St. Simons Sound.

Petrofac lands new North Sea deal worth $50 million
Petrofac has been selected by Petrogas NEO UK to establish its new North Sea operation following its recently announced asset acquisition.

OGA Makes New Team Appointments
The UK Oil and Gas Authority (OGA) has expanded its leadership team with three recent appointments. Scott Robertson has been promoted to director of operations, and replaces Gunther Newcombe who will be retiring in March 2020. Robertson will be responsible for the OGA’s Exploration, Production, Deco

Misdeclared Lithium Battery Cargo Caused Cosco Pacific’s Fire
Cosco Pacific’s cargo hold fire caused by spontaneous combustion of misdeclared lithium batteries.

Bourbon COO Switches Roles
Bourbon chief operating officer Gaël Bodénès resigned after the restructuring of the French company, and has now taken on a new role as chairman of Bourbon Maritime. Bourbon Maritime (Bourbon Offshore) will continue to conduct business as usual under a continuation plan, to include the company’s “BO

Awilco LNG Completes Ship Duo Sale and Leaseback
Awilco LNG closed the 10-year sale/leaseback facility with CCB Financial Leasing for two LNG carriers.

Mammoet Completes ALE Buy
Dutch heavy lift and transportation company Mammoet has completed the acquisition of the UK-based ALE. The businesses will now operate as one company under the Mammoet brand across over 140 offices and branches worldwide. Over the coming months, a fully developed integration plan will be rolled out

Bed Leveling Operations Begin in Port of Geelong
Victorian Regional Channels Authority (VRCA) is currently conducting ‘bed-leveling’ operations in selected areas of the channels, berths and approaches of the Port of Geelong, located on the shores of Corio Bay at Geelong, Victoria. The bed leveling exercise is designed to re-distribute sediment to

Solstad gets contract extensions for platform supplier duo
A subsidiary of UK oil company Fairfield Energy, Fairfield Betula Limited, has awarded extensions to two Solstad Offshore’s two platform supply vessels.

Second Round of Virginia WMF Grants Coming Soon
The Virginia Port Authority (VPA) has just announced that the company will host applicants for the Waterway Maintenance Fund program on Tuesday, February 11, 2020. As reported, applicants are invited to attend this meeting to present new project requests or to provide updates to the community on exi

Zeebrugge LNG Terminal Starts Transshipments Under Yamal Contract
Belgium’s Zeebrugge LNG terminal has commenced transshipments under a long-term contract with Yamal Trade.