U.S. oil and gas company Murphy Oil has revised its capital spending plans for 2020 given current market conditions and recent commodity price volatility.
DP World posted 36.1 percent revenue growth and a 4.6 percent higher profit for the full year of 2019.
Apache Corporation has announced multiple actions in response to current challenges in the oil market featuring an oil price war between Saudi Arabia and Russia following the OPEC+ breakdown, the effect of the coronavirus outbreak on global oil demand, and the ‘historic’ plunge of oil prices this we
Ten IHC Beaver cutter suction dredgers were offloaded in Egypt earlier this week, according to the company’s latest announcement. The company also added that the team of Royal IHC Middle East started the commissioning of the cutter suction dredgers for the Egyptian Ministry of Defense (MOD). “Our co
Work is progressing well on the latest phase of a scheme which will reduce the risk of coastal flooding for more than 4,500 homes and businesses on Portsea Island. The £58m North Portsea Island Coastal Defense Scheme, which is being delivered by the Eastern Solent Coastal Partnership on behalf of Po
Samherji Holding has expanded its holding in Icelandic shipping company Eimskip.
Officials of the Louisiana Coastal Protection and Restoration Authority (CPRA) joined yesterday St. Bernard Parish Government for the ground breaking of the Bayou Terre Aux Boeufs Ridge Restoration project. The armoring project was designed by Royal Engineering and Deep South Construction and Salvag
Clipper Bulk revealed it would acquire the Bulkhandling shipping pool from Klaveness.
As of yesterday, Manson Construction has dredged around 100,000 cubic yards of sand from the entrance channel of Oceanside Harbor, the city officials reported on social media Wednesday. They also added that Manson had been expecting 9′ swells and moved the dredge HR Morris vessel back into the harbo
Viking will temporarily suspend cruise operations until May 1, due to the coronavirus pandemic.
Developing 30GW of offshore wind along the US East Coast could support up to 83,000 jobs and deliver USD 25 billion in annual economic output by 2030, according to a report released by the American Wind Energy Association (AWEA). Market projections anticipate 20GW to 30GW of offshore wind capacity w
Houston-based offshore services and robotics specialist Helix Energy Solutions has amended its existing credit agreement with Nordea Bank ABP and the lender parties related to its Q5000 vessel. The credit agreement from September 2014, has been adapted to extend the final maturity date of the term l
The U.S. Army Corps of Engineers’ Sacramento District recently awarded a $64 million construction contract to Maloney Odin Joint Venture of Novato, California, for nearly three miles of levee improvements along the Sacramento River East Levee. This project will kick off major construction in the reg
Offshore drilling contractor Pacific Drilling has secured a new contract in Mexico for its drillship Pacific Sharav.
