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Seabased joins Ocean Energy Europe board of directors
Business & Finance

Seabased joins Ocean Energy Europe board of directors

Swedish wave developer Seabased is joining the Ocean Energy Europe board of directors as a lead partner. As a member of the board, Seabased VP Marcelle Askew will play an role in steering the strategic direction of the association and in ensuring that wave energy reaches its full industrial potentia

about 6 years ago
Red ink for ExxonMobil amid asset impairments
Business & Finance

Red ink for ExxonMobil amid asset impairments

ExxonMobil booked a quarterly loss due to asset impairments amid lower oil prices while its production was up by 2 per cent.

about 6 years ago
Orca Oceanic Systems in new contract wins
Business & Finance

Orca Oceanic Systems in new contract wins

Orca Oceanic Systems (OOS), an equipment and dive system company, has secured three contract awards during the month of April. The contracts are adding in excesses of £1.75 million to OOS’s order backlog for 2020. Mike Masson OOS’s managing director said: “It is a monumental achievement by the OOS t

about 6 years ago
USACE Awards Final Contract for Herbert Hoover Dike
Business & Finance

USACE Awards Final Contract for Herbert Hoover Dike

The U.S. Army Corps of Engineers, Jacksonville District, awarded the final contract for the cutoff wall required as part of the ongoing rehabilitation of the Herbert Hoover Dike (HHD), the earthen structure surrounding Lake Okeechobee. The Corps awarded the contract April 30, 2020 for $41.4 million

about 6 years ago
Far Statesman
Business & Finance

Solstad and Ocean Yield agree another standstill extension for AHTS duo

Shipowning company Ocean Yield and Solstad Offshore have agreed to further extend the standstill period for two anchor handlers.

about 6 years ago
Field Studies Continue for Roberts Bank Terminal 2 Project
Business & Finance

Field Studies Continue for Roberts Bank Terminal 2 Project

The Vancouver Fraser Port Authority is continuing field studies in May 2020 as part of ongoing environmental and technical work for the Roberts Bank Terminal 2 Project. Since 2011, the Port Authority has been conducting field studies at Roberts Bank and the surrounding areas that build on previous s

about 6 years ago
Update on the Levee Works in the Kansas City District
Business & Finance

Update on the Levee Works in the Kansas City District

The U.S. Army Corps of Engineers, Kansas City District has released an update on the progress made in their levee rehabilitation program. As reported, there are 66 levee systems on target for repairs, some with breeches, some with other surface damage such as grass kill or scour holes. The Corps cur

about 6 years ago
LNG Limited's Magnolia LNG
Business & Finance

LNG Limited hires voluntary administrators

Cash-strapped LNG Limited has appointed voluntary administrators as the Australian company is going through difficult times. The developer of two US LNG export projects and one in Canada said in a statement that it appointed PricewaterhouseCoopers Australia on 30 April. “The voluntary administrators

about 6 years ago
Heron Construction to Dredge Napier Port
Business & Finance

Heron Construction to Dredge Napier Port

HEB construction and Napier Port have restarted building Hawke’s Bay’s biggest wharf, which will allow the region to welcome more and larger ships. According to the port, HEB Construction are back on track to start piling this week. As mentioned in the March update, the wharf will be supported by ne

about 6 years ago
Mike Wirth Chevron CEO
Business & Finance

Chevron books larger profit but opts for fresh capex cuts

Chevron booked a larger profit in the first quarter of 2020 compared to the same period last year.

about 6 years ago
Menck equipment; Source: Acteon
Business & Finance

Acteon companies to support platform installation off Trinidad and Tobago

The joint proposal from MENCK and LM Handling, both Acteon Group companies, has been selected to support piling operations for a platform installation off the coast of Trinidad and Tobago.

about 6 years ago
Golar LNG Partners
Business & Finance

Golar LNG Partners appoints new CEO

Nasdaq-listed Golar LNG Partners has appointed Karl Fredrik Staubo as its interim chief executive officer. Golar LNG Partners current CEO Graham Robjohns announced in October last year he was to step down on April 30, 2020. Robjohns also stepped down as chief financial officer and deputy CEO of pare

about 6 years ago
Highlights of the Week
Business & Finance

Highlights of the Week

Dredging Today brings you an overview of the most popular stories from the past week (April 27-May 3, 2020). Gulf of Ob Dredging Deal Inked FSUE Hydrographic Company and Mordraga have signed an agreement for reconstruction of the Gulf of Ob seaway canal where the Novatek’s Utrenny terminal is bein

about 6 years ago
One of Borr's jack-up rigs
Business & Finance

Borr Drilling sells two jack-up rigs

Borr Drilling has decided to sell two jack-up rigs for total cash proceeds of $15.8 million.

about 6 years ago
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