Equinor recorded a loss in the first quarter of the year due to low oil prices and impairments of $2.5 billion but delivered a record-high production during the period.
Singapore’s liquefied natural gas import terminal on Jurong Island has received 320 shipments of the fuel since it started operations seven years ago. Out of these, 225 shipments totaling over 15 million tonnes of LNG were used for regasification, terminal operator Singapore LNG said on Thursday mar
Oregon’s U.S. Senator Jeff Merkley, a member of the Senate Environment and Public Works (EPW) Committee, announced yesterday that the Senate’s 2020 water resources legislation contains major victories for communities across Oregon. Merkley has spent months working with community leaders all over the
Chairman of oil and gas company Cairn Energy has indicated that he will retire from the board of directors.
The Charleston Peninsula Coastal Flood Risk Management Study – a three-year, $3 million federal study to develop a feasible peninsula-wide coastal storm risk reduction plan – was released last month. In recognition of the importance of this project and circumstances associated with the COVID-19 pand
The COVID-19 pandemic seems to have shattered the ability of analysts to predict the outlook for the global economy putting a veil of uncertainty on different market prospects including shipping. Predictions are being revised downwards ever more frequently as new metrics and factors are being consid
The Port of Long Beach has secured a $500 million loan from the U.S. Government to help finance a massive infrastructural project aimed at allowing larger ships to enter the port. “This $500 million federal investment reflects the President’s continued emphasis on infrastructure that will reduce tra
DOF Subsea has received a notice of early termination of a two-year charter contract for the vessel Skandi Acergy, from an international client. The notice period is 60 days, and the termination of the charter contract will be effective on 1 July 2020. DOF Subsea should receive a termination fee aft
Monaco-based tanker owner and operator Scorpio Tankers has secured additional liquidity having received new loan commitments for debt repayment. The company said it had received a commitment for a new credit facility for up to $225 million. The loan, still to be finalized, is expected to consist of
Maersk Supply Services, a Danish offshore supply vessel provider, has decided to reduce its onshore organization due to challenging oil and gas market situation. In response to the negative development in the oil and gas industry, Maersk Supply Service said on Wednesday that it would reduce its onsh
Jan De Nul Group has just released their business figures for the past year, saying that in line with previous years, 2019 remained a challenging year for international dredging activities. Market conditions have not yet revived public and private investments. On the other hand, activity in the offs
Phase 2 of the Muddy River Flood Risk Management construction project in Boston and Brookline, Massachusetts, will be completed under the terms of a $36.5 million contract issued by the U.S. Army Corps of Engineers, New England District. The non-Federal sponsors for the project are the Commonwealth
Norfolk & Suffolk Unlimited is looking to export its supply chain expertise to the U.S. offshore wind market. A preliminary online event organized with the City of Virginia Beach saw 20 local businesses meet with operators and developers involved in the 2.6 GW Coastal Virginia Offshore Wind (CVOW) p
The dredging operations at the Brazilian Port of Santos are officially underway, the port said in their latest announcement. This development program also includes the reinforcing of the structure for the installation of rails for new ship to shore cranes at TECON Santos, located on the left bank of
