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1CSI
Business & Finance

Subsea specialist 1CSI strengthens management team

Subsea integrity and inspection firm 1CSI has appointed new director, Richard Gibson to the company’s board. As a result of 38 years of experience in the oil & gas industry, Gibson brings experience and knowledge in business and product development. His appointment also reflects 1CSI’s strategy to g

about 6 years ago
Report Released on Cherry Sand Accident
Business & Finance

Report Released on Cherry Sand Accident

The UK Marine Accident Investigation Branch (MAIB) officials have published report on the investigation of the man overboard from the dredger Cherry Sand that resulted in one fatality in the non-tidal basin at Port Babcock Rosyth, Scotland on 28 February 2019. According to the report, on 28 February

about 6 years ago
Energean set to lay Karish offshore pipeline
Business & Finance

Energean set to lay Karish offshore pipeline

Energean has completed near-shore operations for the Karish gas pipeline and is now ready for offshore installation.

about 6 years ago
New Rothera Wharf Completed
Business & Finance

New Rothera Wharf Completed

Completion of the new King Edward Point Research Station wharf marks the latest milestone for the £140m UK Antarctic Infrastructure Modernisation Programme. The new wharf at Rothera Research Station and mooring dolphin provide the extra capability required to berth the new UK polar research vessel,

about 6 years ago
Halliburton
Business & Finance

Halliburton cuts dividend due to market conditions

Halliburton has decided to cut its dividend amid uncertainties related to the duration of the market downturn.

about 6 years ago
Germany-Considers-Taking-Minority-Stake-in-TenneT
Business & Finance

Germany considers taking minority stake in TenneT

TenneT is supporting the possibility of Germany taking a minority stake in the organization. In a letter to the Dutch Lower House of Parliament, Finance Minister Wopke Bastiaan Hoekstra presented his preferred scenario for meeting TenneT’s capital requirement as a result of rising investments, due t

about 6 years ago
Write-downs push Teekay LNG to Q1 loss
Business & Finance

Write-downs push Teekay LNG to Q1 loss

Teekay LNG Partners, one of the world’s largest owners of LNG carriers, reported a slump in profit for the first three months of the year.

about 6 years ago
Borr's Hild jack-up rig
Business & Finance

Borr Drilling working to secure liquidity runway until 2022

Borr Drilling is working to secure a liquidity runway until 2022 even in an unlikely low scenario without any further contracts.

about 6 years ago
Van Oord Celebrates Milestone for the A16 Project in Rotterdam
Business & Finance

Van Oord Celebrates Milestone for the A16 Project in Rotterdam

An interesting video was released yesterday by Van Oord about the company’s role in the A16 motorway construction project in Rotterdam, the Netherlands. The first milestone for the project has been achieved with 1 million cubic metres of being brought and offloaded to the site. In total, about 4 mil

about 6 years ago
Mozambique LNG map
Business & Finance

Report: Total secures $14.4 billion Mozambique LNG financing

French energy company and LNG player Total has reportedly secured $14.4 billion funding for its liquefied natural gas export project in Mozambique. The financing deal includes a group of around 20 lenders for the first phase of senior debt funding, Reuters reported on Thursday citing unidentified so

about 6 years ago
Analyzing the Performance of TSHDs
Business & Finance

Analyzing the Performance of TSHDs

The optimal design of an efficient and cost-effective dredger requires extensive knowledge. As a designer and manufacturer of complex, high value vessels and equipment, it is important for Royal IHC to know how they are performing once in the field. This information is not always available, but with

about 6 years ago
Empyrean confident in ‘world-class carbonate reservoir’ in block off China
Business & Finance

Empyrean confident in ‘world-class carbonate reservoir’ in block off China

Results from a seismic inversion analysis for Empyrean’s Jade and Topaz prospects, located in Block 29/11 in the Pearl River Mouth Basin, offshore China, gave Empyrean confidence it has a world-class carbonate reservoir with excellent porosity and permeability at both prospects.

about 6 years ago
New CEO to join Noreco in July
Business & Finance

New CEO to join Noreco in July

Oil and gas company Noreco has appointed David B. Cook as the new Chief Executive Officer with effect from 1 July 2020.

about 6 years ago
USACE to Build DMMA in Martin County
Business & Finance

USACE to Build DMMA in Martin County

The U.S. Army Corps of Engineers, Jacksonville District has opened public comment on the Draft Environmental Assessment (EA) and proposed Finding of No Significant Impact (FONSI) for construction of a dredged material management area (DMMA) at Site O-23 located in Martin County, Florida. “Maintainin

about 6 years ago
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