Orion Group Holdings, Inc. (ORN) yesterday reported net income of $2.7 million ($0.09 diluted earnings per share) for the first quarter ended March 31, 2020. “I want to sincerely thank our team members who are safely working at our project sites, yards, field support offices, and remote locations ar
Valaris booked $3 billion loss in the first quarter of the year affected by impairments and fleet utilization decline.
The Maritime and Port Authority of Singapore (MPA) revealed it would provide further financial support to the maritime industry in the wake of the global COVID-19 outbreak.
The U.S. Army Corps of Engineers, Alaska District has just announced the completion of maintenance dredging in Homer. According to the Corps, the District completed maintenance dredging in Homer on Monday in the U.S. Coast Guard berth of the harbor. “We initially estimated that 3,500 cubic yards of
The Hague-based LNG giant Shell reported a nine per cent rise in its liquefied natural gas sales during the first quarter of this year. Shell sold 19 million tonnes of LNG in the January-March period, compared to 17.51 million tonnes in the same period last year, the company said on Thursday in its
A broad consortium of investors and industry partners from the dredging and offshore sectors and the existing international syndicate of banks of Royal IHC, including the three major Dutch banks, have reached a Heads of Agreement for the acquisition and refinancing. This gives Royal IHC, as an impor
Shell has decided to slash its dividend after seeing its quarterly profit nearly halved when compared to the last year’s quarter amid a dramatic decline in oil price.
Aker Solutions booked Q1 2020 loss of NOK 742 million, against profit of NOK 149 million same time last year. Lower activity levels towards the end of the quarter impacted the results, as operators postponed offshore work to mitigate the spread of the coronavirus. Loss per share was NOK 2.73. Exclud
Origin Energy saw lower quarterly revenue from the Australia Pacific LNG project but it managed to renegotiate a crucial supply deal with China’s Sinopec. Origin Energy, which holds a 37.5 per cent stake in the APLNG project, said Thursday the first price review under Sinopec’s long-term contract wa
The U.S. Army Corps of Engineers, New York District has awarded the first contract for the East Rockaway Inlet to Rockaway Inlet and Jamaica Bay, New York Coastal Storm Risk Reduction Project. This is the first of several contracts that will provide nearly $600 million in federal investment for the
Norwegian oil and gas company Equinor has drilled a dry well near the Oseberg field in the North Sea off Norway.
Polarcus has elected Nina Tronstad as a board member, with a term of office expiring at the company’s 2021 annual general meeting. Nina Tronstad has held a series of senior executive roles in the oil and gas sector with Kvaerner, Aker Solutions and Equinor. She is a chemical engineer by profession.
Russia’s largest private natural gas producer and LNG player Novatek slipped into red under the COVID-19 impacts.
Aberdeenshire subsea specialist start-up Legasea will reap the benefits of a £10 million outdoor advertising campaign. The Westhill based firm, will see its adverts run on Ocean Outdoor screens throughout Scotland. The advertisement campaign will feature during May, on up to 52 screens, across promi
