SIMEC Atlantis said that COVID-19 pandemic has had minimal disruption to its tidal business as it furloughs employees on other projects and implements cost saving measures to maintain liquidity. MeyGen in Scotland continues to export power reliably to the grid. In March this year, MeyGen delivered 2
Motive Offshore Group has recently appointed David Leith as Rentals Division manager. Motive’s Rental Division has seen a good start to 2020 as it focuses on the specialised rental of high capacity winches, umbilical deployment and subsea equipment. Discussing 2020 results so far, David Leith said:
Singapore-based private company LNG-9 has withdrawn from a deal to buy the Australian-listed export project developer LNG Limited. The two companies announced the all-cash takeover bid at the end of February under which LNG Limited shareholders would have received $0.13 in cash per share. However, i
Manor Renewable Energy has established an operational hub at Siemens Gamesa’s manufacturing and port facility in Hull, the UK. Manor said its new offices and presence on the Siemens Gamesa 450,000m2 site means the business is geographically closer to its offshore wind customers. “The Siemens Gamesa
Saudi Global Ports, one of PSA International’s subsidiaries, and Saudi Ports Authority (Mawani) signed a build, operate and transfer deal for the first and second container terminals in the King Abdulaziz Port in Dammam. The SAR 7 billion (USD 1.87 billion) deal makes SGP the sole container terminal
Because of the bad weather, construction works on the Phase II of the Post Florence Renourishment Project were briefly paused last Sunday, according to the Carteret County Shore Protection Office. As reported, the hopper dredge Ellis Island went into safe harbor to avoid the rough seas and took this
Offshore construction yard Lamprell is implementing a program aimed at achieving a significant reduction in the group amid a global health crisis. As a result, Lamprell has mothballed one facility with plans to close another one upon completion of current projects.
Responding to the global demand drop caused by the COVID-19 pandemic, container shipping majors have removed a total of 3 million TEU of capacity from Asia-Europe and Transpacific trades combined, the latest data from Sea-Intelligence shows. The Copenhagen-based consultancy focusing on the container
Namaka Subsea has appointed Alan Melia as operations director UK. Alan has worked in the diving industry for many years. In his new position, Alan will play a key role to help take the company forward supporting and overseeing projects both locally and globally. “We wish Alan all the very best of su
The U.S. Army Corps of Engineers, St. Paul District, will be revising its recently published draft Mississippi River Pool 6 dredged material management plan based on the comments it received during its public comment period that ended April 10. The district does not have an anticipated completion da
This year, from 5-9 October 2020, the International Association of Dredging Companies (IADC) will host their Seminar on Dredging and Reclamation again in Singapore. The Seminar was developed for both technical and non-technical professionals in dredging-related industries, from newcomers in the fiel
The American Petroleum Institute has welcomed a historic OPEC+ agreement to curb global crude oil production. However, significant challenges remain in the weeks and months ahead, API has said.
Oilfield services provider Baker Hughes will be taking a $15 billion non-cash goodwill impairment charge in its first quarter 2020 in response to the significant decline in oil and gas prices and the COVID-19 pandemic.
President and chief executive officer (CEO) of U.S. oil and gas company Murphy Oil has resumed his responsibilities at the company after recovering from what was presumed to be COVID-19.
