Charlotte County and Sarasota County have just released latest update on the Manasota Key Beach Renourishment project. According to the update, the contractor is fully mobilized and as of April 1, 2020 Great Lakes Dredge & Dock Corporation (GLDD) has placed 569,616 cubic yards of sand along approxim
KrisEnergy has completed the sale of its participating interest in the Andaman II PSC located in the Malacca Strait, offshore Indonesia, to BP.
The U.S. Army Corps of Engineers, Omaha District has awarded a $1.68 million construction contract to KEU Inc. of Vancouver, Washington, to repair the Union and No Name Dike Levee System between Valley and Fremont, Nebraska. The contract will allow the team to fully repair the system damaged during
Offshore Energy Exhibition & Conference 2018 featured the Global Oil Event. This event discussed strategic issues up and down the gas value chain focusing among others on market developments, changing business models and the place of oil in the future energy mix. Watch the contributions from analyst
Oil major ExxonMobil is reducing its 2020 capital spending by 30 percent and lowering cash operating expenses by 15 percent in response to low commodity prices resulting from oversupply and demand weakness from the COVID-19 pandemic.
Nexans CEO, members of the board of directors, and management are to take voluntary pay cut as a sign of solidarity and social cohesion, but also to award its frontline employees. Christopher Guérin, CEO of Nexans, has committed to reducing his compensation by 30 per cent for the months of April and
Norway’s Hoegh LNG will stop paying dividends to investors as part of a move in reducing costs due to the uncertain environment caused by the coronavirus pandemic. Hoegh’s board has decided to suspend dividends, bonus scheme for executive management and onshore personnel until further notice, the fl
Papua new Guinea-focused LNG producer Oil Search is looking to raise up to A$1.16 billion ($700 million) through a discounted share sale to weather a prolonged period of low oil prices. Oil Search, which owns a 29 per cent interest in the PNG LNG project, said on Tuesday the raising would be conduct
French liquefied natural gas containment specialist GTT has appointed Eric Dehouck as deputy chief executive officer. Dehouck will support the acceleration of GTT’s development and will assist Philippe Berterottière in his responsibilities as chairman and CEO of GTT, the company said in a statement.
The first of Damen’s new Marine Aggregate Dredgers, a 103.5 meter long CEMEX Go Innovation is almost ready for delivery to her new owner in the UK. Currently under construction for CEMEX at Damen Shipyards Galati (DSGa) in Romania, the delivery of this 3.500m³ aggregate dredger type MAD3500 is sched
The concept of the Twin Dyke in northern Netherlands is almost ready to prove itself, informs the Dutch Water Sector. Along the Wadden Sea, a 2.5 km long double levee section has been constructed. The area between the levees is now being designed with controlled sea water inflow for the farming of s
The Public Investment Fund from Saudi Arabia has taken an 8.2 percent stake in the world’s largest cruise shipping company Carnival Corporation. The fund bought 43,508,895 of the class securities offered as part of Carnival’s debt and equity offerings aimed at lifting the company’s liquidity. The mo
€ 6.1 billion was invested in four European offshore wind projects with a combined capacity of around 1.4 GW in 2019, marking the lowest amount invested and the capacity financed in a year since 2012, according to a report by WindEurope. The four wind farms that reached the Final Investment Decision
The Carteret County Shore Protection Office announced yesterday that they are right on track with the Phase II of the Post Florence Renourishment Project. Great Lakes Dredge & Dock and their hopper dredge Ellis Island have been working uninterrupted and completed the Pine Knoll Shores reach (“Reach
