SIMEC Atlantis Energy has been awarded a £1.5-million grant from the Scottish Government’s Saltire Tidal Energy Challenge Fund to develop a subsea tidal turbine connection hub for the next phase of development of the MeyGen tidal power array. The Saltire Tidal Energy Fund is a £10-million fund suppo
Unique Group has signed an exclusive rental agreement with UK-based OTAQ Offshore to represent the latter’s technology and products across the Middle East, APAC and the Americas. OTAQ Group supports customer activities in the offshore energy, aquaculture, commercial diving, defence and oceanographic
Mitsubishi Corporation and Chubu Electric Power have completed the acquisition of the Dutch energy company Eneco. The two Japanese companies have now, through their special purpose company, Diamond Chubu Europe B.V, acquired all of the shares of Eneco. The total value of this acquisition is €4.1 bil
The Baker-Polito Administration recently announced more than $2.9 million in Seaport Economic Council Grants to support nine maritime projects in seven communities. “Massachusetts’ coastal assets are incredibly important to the state’s overall economic health, and our administration’s investments th
Ørsted’s construction projects are all progressing according to plans, the offshore wind developer reported on 25 March, referring to the current situation with the world fighting the COVID-19 pandemic. The company said it did not see any permits, consents, tax credits, or offtake agreements in rela
Port of Waterford, Ireland, is about to begin a maintenance dredging campaign, the company announced in a press release on Monday. As reported, on or about Saturday the 28th of March, the trailing suction hopper dredger Shoalway will conduct dredging activities in the vicinity of Duncannon Bar, Chee
Maersk Product Tankers returned to black having reported a profit of USD 91.4 million for 2019.
Prada and UNESCO’s Intergovernmental Oceanographic Commission (IOC) have decided to postpone the start of activities of the Sea Beyond project to September 2020, as a precautionary measure in the context of the COVID-19 pandemic. According to data released by UNESCO, the COVID-19 outbreak is now imp
Black & Veatch has provided engineering design and support for permitting and construction on a project that will upgrade submarine cable and transmission line in Boston Harbor. Installation of a new underground and submarine transmission line enables future dredging work needed for import and expor
Equinor has decided to reduce operating costs and spending to help mitigate the impact of the coronavirus outbreak and oil price downturn.
Gasum agrees with Preem to supply the latter’s tankers with a new fuel blend consisting of LNG and LBG.
The Army Corps’ Wilmington District has received an application from the North Carolina Department of Transportation (NCDOT) Ferry Division seeking authorization to dredge a 2.5-mile segment of the Hatteras-Ocracoke ferry route identified as Sloop Channel. According to the applicant, the purpose of
Maersk Decom has welcomed Marc Nordahl Heyde to the team as project manager. Heyde comes to Maersk Decom following five years in Maersk Supply Service. Throughout his career, he has worked across various regions within commercial functions. Most recently he was commercial manager in Asia, focused on
Norwegian oil and gas major Equinor has revealed an action plan to battle the impacts of the coronavirus and low commodity prices under which it will reduce its spending for 2020 by $3 billion.
