Business & Finance
Chevron to take up to $11 billion writedown in fourth quarter
Chevron has announced that its organic capital and exploratory spending program for 2020 will be $20 billion, the same as this year. Chevron has also decided to reduce spending on gas-related projects. The company expects to take up to $11 billion charge in 4Q 2019.
Australia’s Marinus Link Deemed Feasible
A second interconnector with Tasmania is a step closer, with TasNetworks’ assessment of the business case finding a 1500 MW link is feasible and could begin operating as soon as 2027. Dubbed the Marinus Link, the new interconnector would complement the existing 500 MW Basslink cable and allow Tasman
Yamal LNG: All 15 Arc7 Ice-Class Tankers Delivered
OAO Yamal LNG has announced the operational start of Yakov Gakkel, a new Arc7 icebreaking LNG carrier.
Sandpiper Wins Another Contract for Swansea Channel Dredging
The NSW Government has awarded a $250,000 contract for more dredging work in Swansea Channel. Member of the NSW Upper House for the Hunter, Taylor Martin MLC, said that Sandpiper Dredging Pty Ltd won the contract following a tender by the Department of Planning, Industry and Environment – Crown Land
Vår Energi Marks Anniversary with Completion of ExxonMobil Assets Acquisition
Vår Energi is celebrating its first anniversary as a company, with the closing of the ExxonMobil acquisition. The acquired fields, mostly operated by Equinor, represent an additional daily production of approximately 150,000 barrels of oil equivalents (boepd) for the company. “The ExxonMobil portfol
EGS to Survey Ocean Wind OWF Site for Ørsted
EGS has been awarded a new contract in support of Ørsted’s efforts in the US, after the completion of the 2018 survey on the Bay State Wind development. The scope of work covers a geophysical survey to be carried out in the framework of the development of the Ocean Wind offshore wind farm, located a
BlueWater: East Coast Ports Push Forward with Dredging
Ports up and down the United States East Coast continue to push forward with harbor dredging and other major projects to provide more capacity and handle larger containerships, BlueWater Reporting said in their latest announcement. Expansion at U.S. East Coast ports has been spurred by the third lan
Belships Bolsters Ultramax Fleet
The company penned LoI for a bareboat charter of an Ultramax newbuilding and a second-hand bulker.
DOF Subsea lands two-month contract in Africa
DOF Subsea has entered into a two-month long contract with an international energy client in Africa.
Vår Energi doubles Norwegian output after buying ExxonMobil’s business
Oil and gas company Vår Energi has completed the acquisition of ExxonMobil’s upstream business in Norway and doubled its production in the country.
Moray Council Opts for Prolec pcX
Moray Council has expanded its dredging capabilities with the James Fisher Prolec’s guidance system pcX-Pro. The pcX-Pro system, built into the Council’s dredger Selkie, allows the user to see detailed digital terrain models and designs of the environment around them. On water-based projects this sy
DOF Subsea Scores Africa Job
DOF Subsea has entered into a 2-month long contract with an international energy client in Africa. The project will utilise Skandi Seven and start operations in direct continuation with the ongoing commitment for the vessel. DOF Subsea will during this project deliver integrated FSV services, projec
Seven Islands Deal for Maldives Transport and Contracting Company
The Maldives Transport and Contracting Company Plc (MTCC) has won a contract to construct and upgrade harbors on seven islands in the Republic of Maldives. According to the agreement, the scope of work will include: design and build of ADh. Mandhoo harbor – $2.4 million; Dh. Hulhudheli harbor upgrad
Equinor Completes Polish Offshore Wind Trifecta
Norway’s energy major Equinor has completed the acquisition of a 50 % interest in the offshore wind development project Bałtyk I in Poland from Polenergia. The Bałtyk I offshore location license allows for development of a wind farm with a capacity up to 1560MW of which Equinor will hold 50%. The co