Singapore’s offshore rig and vessel builder Keppel Offshore & Marine saw its quarterly profit halved despite an increase in revenues.
In the first three months of 2020, the volume of dredging works carried out by the fleet of Ukrainian Sea Ports Authority exceeded 700,000 cubic meters. Compared to the first quarter of 2019 (160,000m³), the company increased the dredging volume by 540,000m³. According to the company, the positive d
Russian gas giant Gazprom reported a 17 percent drop in 2019 net profit due to lower prices and declining demand in Europe. Gazprom’s net profit reached 1.2 trillion Russian roubles ($16.3 billion) last year. This compares to 1.46 trillion roubles in 2018. Operating profits also fell by 42 per cent
In February and March 2020 the Environment Agency held a number of drop-in sessions in north Reading and Lower Caversham regarding the proposed flood alleviation scheme. Due to the escalation in the UK’s response to the coronavirus the the final event scheduled for Friday 20 March was cancelled. At
UK oil and gas company Corallian and its joint venture partners, Upland Resources and Baron Oil, have signed a work-sharing and confidentiality agreement with an undisclosed “large European E&P company” for licence P2478 in the Inner Moray Firth which could lead to a future farm-out deal.
CNOOC saw an increase in its quarterly production driven by new project startups in China and the contribution from new international projects.
Ørsted’s offshore wind development projects in the US are moving forward at a slower pace than originally expected, the company’s CEO and President Henrik Poulsen said. The delays are due to a combination of the Bureau of Ocean Energy Management’s (BOEM) prolonged analysis of the cumulative impacts
Dutch offshore lifting equipment provider KenzFigee has been awarded a contract by Amsterdam-based shipping company Spliethoff for the delivery of pipe handling gantry cranes for their two newbuild multipurpose DP2 B-type vessels, currently under construction at the Mawei Shipyard in China.
Works on a coastal defense scheme in the West Sussex village of Elmer are nearing completion, Mackley informs. The Elmer Coastal Defense Scheme is being carried out by Mackley, working as part of Team Van Oord, on behalf of the Environment Agency, Arun District Council and Elmer Sands Limited. The p
Beaches at Lancelin, Perth, Western Australia, will be widened with the sand from the Department of Transport’s latest maintenance dredging campaign in the area. Department of Transport (DoT) Maritime General Manager, Steve Jenkins, said that maintenance dredging, last completed in 2017, would resto
The Port Authority of Almeria has launched a feasibility study as it is looking to start supplying liquefied natural gas to ferries using the truck-to-ship bunkering method. The Spanish port authority awarded a contract to a local engineering firm to provide technical assistance for the assessment a
Femern A/S is activating the main construction contracts with Femern Link Contractors (FLC) with effect from January 1, 2021. the project owner said in their latest release. This means that construction of the large scale tunnel element factory at Rødbyhavn can get underway. November 2019 saw the st
Leading offshore wind developer Ørsted reported an operating profit (EBITDA) of DKK 6.8 billion (EUR 912 million) for the first quarter of 2020, a 33 percent increase compared to the same period the year before. Net profit amounted to DKK 3.3 billion and return on capital employed (ROCE) came in at
South Korea’s two shipbuilding heavyweights, Korea Shipbuilding & Offshore Engineering Co and Samsung Heavy Industries have released their business performance figures for the first quarter of 2020. Korea Shipbuilding & Offshore Engineering Co posted a net profit of ₩ 1.64.9 billion ($ 135.3 million
