Business & Finance
Asco takes control of radioactive waste disposal firm
UK oilfield services provider Asco has acquired NORM Solutions, a provider of specialist cleaning, treatment, and disposal services for oilfield equipment contaminated with naturally occurring radioactive materials (NORM).
Prosafe to claim full contract value after EnQuest cancels rig mobilization
Following EnQuest’s cancellation of mobilization of the Prosafe-owned Safe Zephyrus accommodation rig in the North Sea, Prosafe has said it will claim the full value of the contract.
Wallenius Wilhelmsen to Place Up to 10 Ships in Cold Lay-Up, Recycle 4 Oldies as Part of COVID-19 Response
Wallenius Wilhelmsen is taking decisive action to ready for COVID-19 impact on the market.
Svitzer to Continue Providing Towage Services to Sakhalin
Svitzer gets a ten-year extension of its marine service contract with Sakhalin Energy Investment Company.
MV Werften Stops Production at Its Shipyards for 4 Weeks
MV Werften has decided to stop production at its yards in Wismar, Rostock and Stralsund.
Teledyne Marine Introduces New Unmanned Survey Vessel
Teledyne Marine has released a new unmanned survey vessel – the TELEDYNE Z-BOATTM 1800-T. The survey vessel will be equipped with Trimble’s high-precision GNSS heading receiver and is compatible with Trimble® Marine Construction (TMC) software, enabling marine construction/dredging projects to run e
Land & Water Using HVO Fuel
Land & Water Group Ltd., one of the leading civil and engineering companies in the UK, recently hosted a fuel demonstration event at their Rainham site, showcasing the revolutionary hydrotreated vegetable oil (HVO) fuel. At Rainham, the company is operating the only licenced dredge material disposal
Total to slash over $2.5 billion from E&P business as oil crisis bites
In an effort to alleviate the concequences of the recent oil price plunge, French oil major Total has revealed its plan to reduce the capex for 2020 by more than $3 billion and save about $800 million in operating costs compared to 2019.
Xodus Hails Subsea Cables Unit
Energy consultancy Xodus said it has recorded a major increase in the provision of services related to subsea power cables over the last twelve months. According to Aberdeen-based company, the number of new assignments grew by more than 50 per cent, resulting in more than 70 active work streams in 2
Van Oord Reports Challenging Year in 2019
Van Oord has announced its full-year results for 2019, saying that the last year was a challenging year for them. As reported, the company experienced tough times in its main dredging market, combined with growth and opportunities in other markets such as the Netherlands. In 2019, Van Oord recorded
Damen Shipyards Group Appoints New COO
As of April 1st, Marc van Heyningen will become the new Chief Operations Officer (COO) of Damen Shipyards Group. This completes the Executive Board of the leading Dutch maritime solutions provider. “We warmly welcome Marc on board,” said CEO Arnout Damen. “With his experience and background, he is c
Coronavirus crisis forces Aker BP to delay projects and exploration wells
Aker BP is putting on hold all non-sanctioned field development projects, postponing exploration wells and reducing production costs in order to reduce spending in response to uncertainty caused by the coronavirus crisis.
Shell moves to cut costs due to coronavirus outbreak
In response to the current market environment, oil major Shell has decided to reduce its operating costs by up to $4 billion in 2020 and to cut its capital expenditure from $25 billion to $20 billion.
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (March 16-22, 2020). Jenkins Marine Acquires Dredger C.H. Horn Jenkins Marine Ltd. has just announced the purchase of the grab hopper dredger C.H. Horn from the Poole Harbor Commissioners (PHC). Damen Steering a