US liquefied natural gas exporter Cheniere posted a 20 percent rise in first-quarter revenues while net profit rose to $375 million. The LNG company reported revenues of $2.71 billion in the January-March period, compared to $2.26 billion in the same period the year before. Net income increased by $
Australia’s largest LNG player Woodside expects low oil and gas prices to continue for the rest of 2020 and into next year due to the Covid-19 coronavirus pandemic. Cripling worldwide demand caused by the Covid-19 restrictions has seen oil, gas and LNG prices at its lowest levels for decades. Demand
The offshore wind farms developed and owned by Spain-based Iberdrola have produced 1,119 gigawatt-hours (GWh) during the first quarter of 2020. Iberdrola’s total installed offshore wind capacity stood at 1,174 MW on 31 March. In the United Kingdom, the company’s offshore wind farms generated 680 GWh
ConocoPhillips went from a profit in the first quarter last year to a loss in the same period of 2020 after being hit by impairment charges and lower oil and gas prices.
A maritime industry consortium and the existing syndicate of banks of shipbuilder Royal IHC, including the three major Dutch banks, have reached a heads of agreement for the acquisition and refinancing of IHC Merwede Holding B.V.
Dutch jack-up owner and operator Seafox has placed an unsolicited and non-binding proposal to acquire the Gulf Marine Services PLC (GMS). Seafox made a possible cash offer for the entire issued and to be issued share capital of GMS by a wholly-owned subsidiary of Seafox, at a value of USD 0.09 per G
Innogy has launched a recruitment process for a new wind turbine technician apprenticeship dedicated to the Triton Knoll offshore wind farm. The recruitment drive comes as innogy pilots a national apprenticeship hub at Coleg Llandrillo, part of Grŵp Llandrillo Menai, in North Wales, where 30 apprent
Cash strapped German shipbuilder Flensburger Schiffbau-Gesellschaft (FSG) has filed for the opening of insolvency proceedings at the local court in Flensburg. The court has approved the application and ordered a provisional self-administration, according to the documents seen by Offshore Energy. The
Maersk Drilling has been awarded a contract by Equinor for the drilling of three and plugging of one well on the Martin Linge field offshore Norway.
Lundin Energy saw its quarterly revenues grow on the back of Johan Sverdrup start-up. As a result of strong performance from the Norwegian fields, Lundin has increased its full-year production guidance.
Because of the dredging of shallow area, the Dunedin Marina boat ramp will close to the general public effective Friday, May 8, 2020. The City of Dunedin reported that they will begin dredging the marina on Monday, June 1st, with staging in the parking lot areas possibly starting a week prior. As re
Great Lakes Dredge & Dock has successfully completed Phase II of the Post Florence Renourishment Project. According to the Carteret County Shore Protection Office, GLDD’s hopper dredge Ellis Island delivered the last load of sand to West Emerald Isle (“reach 2”) at approximately 1:30 pm, on April 29
Electromagnetic Geoservices (EMGS) has entered into a late-sales multi-client licensing agreement for its multi-client library in Norway. The net revenue to EMGS under the agreement is approximately $1.7 million. The majority of the revenue will be recognised in the second quarter of 2020, EMGS said
A comprehensive cost reduction programme is being developed and will be announced in the second quarter.
