Fugro is set to cash in close to USD 40 million from the sale of Global Marine Group (GMG) through its ownership of 23.6% in GMG. As reported earlier, a subsidiary of Global Marine Holdings, in which Fugro holds a 23.6% equity interest, has entered into a definitive agreement to sell 100% of GMG, ex
Surveying and maintenance dredging of the HMNB Portsmouth is set to begin in early February, informs the Queen’s Harbor Master Portsmouth. According to the notice, dredging will be conducted in the maintained areas within Portsmouth Harbor and its approach channels from 9 to 20 February 2020. The co
MacArtney said it will soon supply and test several underwater connectors for INFN – the National Institute for Nuclear Physics. INFN for the IDMAR Research Infrastructure in Sicily supports, among others, the KM3NeT (Cubic Kilometre Neutrino Telescope) infrastructure in the Mediterranean Sea. MacAr
Dutch geotechnical services provider Fugro expects to earn around $40 million from the sale of HC2 Holdings’ subsidiary Global Marine Group (GMG).
ONE: Container operations in Greater China continue to operate as usual.
The Italian authorities banned anyone from disembarking the ship until medical tests were conducted.
French national investment bank Bpifrance signs up to the Poseidon Principles.
Swedish oil and gas company Lundin Petroleum has increased its 2020 budget by 30 percent compared to the last year and boosted its production guidance for the year with expectations for long-term growth. Lundin said on Friday that its 2020 development, appraisal, exploration and abandonment budget w
The U.S. Army Corps of Engineers, New England District, yesterday announced the latest update on their Annisquam River dredging project in Gloucester, MA, saying that roughly 100,000 CY (of 140,000 CY) of material was successfully removed so far. The USACE New England District awarded this contract
Navibulgar ordered the construction of a new series of Handysize bulkers.
Headquartered in Chelmsford, UK, GMG owns and operates a fleet comprising three specialist cable installation and repair vessels, four maintenance vessels, and 19 crew transfer vessels. Additionally, the company has a range of subsea equipment including eight trenchers and working class ROVs.
Total UK has awarded a general maintenance and operations support contract to PBS, a recently formed Aberdeen-based consortium.
Global Marine Holdings, in which HC2 holds an approximate 73% equity interest, has entered into a definitive agreement to sell 100% of Global Marine Group (GMG) to an investment affiliate of J.F. Lehman & Company (JFLCO). The sale includes GMG’s operating subsidiary Global Marine Systems, a provider
The Louisiana Coastal Restoration and Protection Authority and the U.S. Army Corps of Engineers have signed an agreement to investigate the most feasible means of providing additional flood protection and ecosystem restoration for St. Tammany Parish. The agreement launches the feasibility evaluation
