The EU Commission has opened a four-week public consultation on draft rules to establish a new EU financing mechanism to support renewable energy projects. The new mechanism opens a possibility for the member states to collectively benefit from renewables projects funded through tenders using an EU-
The New York City Economic Development Corporation (NYCEDC) has awarded Hudson Meridian Construction Group the contract for Construction Management Services for the 79th Street Boat Basin and Dock house project. The project site is located at West 79th Street in the Hudson River within Riverside Par
Murphy Oil plans to reduce its output in May by 40,000 barrels of oil equivalent per day, with the majority planned from offshore wells.
The U.S. Army Corps of Engineers, Alaska District has prepared a draft integrated feasibility report and environmental assessment on the proposed navigation improvements at Elim, about 90 miles east of Nome. The proposed project and preliminary analysis of potential environmental impacts are describ
Eurogrid GmbH, the parent company of 50Hertz, has issued its debut green bond in the amount of EUR 750 million, which will finance the Ostwind 1 and 2 grid connections in Germany. The corporate bond with a term of 12 years and an interest rate of 1.113% was issued on the regulated market with the [&
Finnish state-owned gas company Gasum reported a 30 per cent year-on-year decline in net profit saying it only had minor impacts from the Covid-19 coronavirus pandemic. Lower power and gas prices have weighed down on Gasum’s profits. Gasum’s net profit totaled 12.3 million euros ($13.3m), compared t
As the envisaged transformation of the European waterborne transport would require significant investments, SEA Europe has proposed the creation of a dedicated EU Maritime Fund as an alternative to extending the EU Emission Trading Scheme (ETS) to shipping.
Noble Corporation saw its quarterly net loss deepen after being negatively affected by rig impairment charges amid lower demand as a result of the coronavirus pandemic and low oil prices.
Norwegian geophysical services company EMGS has seen its first-quarter loss widened on impairment of DeepBlue source system. The Oslo-listed firm booked Q1 2020 loss of $9.6 million or 7 cents, versus loss of $6 million in Q1 2019. Revenues for the quarter rose at $11.3 million from $10.8 million sa
Mayor, Whitsunday Regional Council, Andrew Willcox, joined Member for Dawson, George Christensen, this week to check out the progress of the Shute Harbor Restoration project. Piling works to support the new wharf and pontoons started last week and the full restoration project is expected to be compl
Antwerp-based tanker shipping company Euronav is reaping large profits from strong underlying tanker dynamics having reported $225.6 million of profit in the first quarter of 2020. The figure is a massive surge when compared to a profit of $19.5 million in Q1 2019. The company’s revenue almost doubl
CHEC, a China Communications Construction’s subsidiary, recently completed the Abidjan Port Expansion Project in Cote d’Ivoire – reaching 11.12 million safe man-hours during the project construction. The project mainly includes building three new container berths, a ro-ro berth, a general cargo bert
Star of the South Wind Farm has partnered with Curtin University and Deakin University to assist with offshore site investigations for Australia’s first offshore wind project. Curtin University’s Centre for Marine Science and Technology is helping understand marine mammals in the project area, while
Continuing his efforts to safeguard the future of commerce on the Great Lakes, Michigan Representative Jack Bergman is proposing a new policy to ensure baseline levels of funding for the backlogged maintenance projects along Great Lakes transportation routes. The Great Lakes Navigation System (GLNS)
