Norwegian seismic services company EMGS has noted an extremely low vessel utilization for the first quarter of 2020 due to project cancelations, which ensued following the recent oil price drop and the coronavirus pandemic. As a result, one of EMGS’ vessels is up for a cold-stack.
Oil and gas company Ithaca Energy has more than halved its capital expenditures for the year due to the double threat posed by the coronavirus pandemic and the sharp oil price drop.
Ørsted has awarded HBC Group with another contract to conduct subsea inspection campaigns at its offshore wind farms. HBC Group will this year carry out the inspection campaigns at 10 of Ørsted’s offshore wind farms located on the UK East and West Coast and in the German North Sea. The company will
China Three Gorges New Energy (CTGNE) plans to launch an initial public offering (IPO) of its A shares at a total value of CNY 25 billion (approximately EUR 3.3 billion), with most of the raised funds to be used to invest in seven offshore wind projects.
DEME Group’s trailing suction hopper dredgers (TSHDs) Breydel and Scheldt River worked side by side recently to complete the first phase of the deepening works in the Port of Salerno in Italy. “This is a remarkable achievement considering the extremely difficult COVID-19 conditions of the past weeks
The African Energy Chamber, a chamber of networks, transactions, and partnerships at the helm of Africa’s growing energy industries, has urged OPEC and OPEC+ to reach a deal on ending the oil price war which has sent the oil price tumbling to historic low levels.
The UK Environmental Audit Committee has launched the Technological Innovation and Climate Change inquiry, with first focus on offshore wind power. Following the Government’s Offshore Wind Sector Deal in March 2019, the Committee will consider the opportunities that will maximize the industry’s pote
The annual spring shore based dredging operation at Buncrana Pier will take place between Monday, April 6, and Saturday, April 11, Donegal County Council informs. “This is to coincide with the equinoctial spring tides which is the lowest tide level of the year and is the best time for the work to ta
In line with its objective to divest $5 billion during 2019-2020, Total is pursuing the divestments of several non-core assets in both exploration and production (Brunei) and marketing & services (Sierra Leone and Liberia).
A hydrographic survey of the Mooloolah River and its coastal bar on Tuesday, February 27, showed a shoal patch extending from the end of the eastern breakwater in a westerly direction past the centerline of the channel, reports the Department of Transport and Main Roads – Maritime Safety Queensland.
The U.S. Army Corps of Engineers’ Chicago District released for public comment yesterday the Bubbly Creek, South Branch Chicago River final integrated feasibility report and environmental assessment. The study was completed in partnership with the City of Chicago’s Department of Planning and Develop
The U.S. Army Corps of Engineers’ Savannah District is recommending removal of the training wall in the Savannah River which runs roughly down the center of the river for more than a mile through Augusta, Georgia, and North Augusta, South Carolina. The underwater wall was built in the early 20th cen
The U.S. Army Corps of Engineers, St. Paul District, is extending its draft Environmental Assessment, or EA, for the proposed dredged material management plan in Pool 6, near Winona, Minnesota. Comments will now be accepted through April 10. The previous deadline was March 9. USACE officials are ext
Fugro is carrying out cost reduction measures to reduce the impact of the COVID-19 pandemic and the low oil price environment, including minimising the hire of short-term charters, implementing a hiring and salary freeze and workforce reduction. The company has also withdrawn its guidance for 2020,
