Oil major Shell nearly halved its profit in the last quarter of 2019 compared to the prior-year period due to lower oil and gas prices.
The Brazilian-built pipelay support vessel (PLSV) Skandi Vitoria has been awarded a contract with TechnipFMC. The contract will begin in January with validity of two years plus options. The vessel has been in lay-up since summer 2018, after being previously on a contract with Brazilian state oil com
There’s lots of activity taking place on land and in the water at the Atlantic Beach, NC, preparing the site for the Phase II of the Carteret County Post Florence Renourishment Project. According to the county’s Shore Protection Office, on the land side, a spate of flatbed trucks are delivering pipe
U.S. Congressman Brian Mast yesterday requested that President Donald Trump include $250 million in funding for Everglades restoration in his FY2021 budget request. This request comes on the heels of President Trump signing into law the Consolidated Appropriations Act of 2020, which at Rep. Mast’s u
Japan’s MODEC has signed a sales and purchase agreement with Equinor to supply an FPSO vessel for the Bacalhau (formerly Carcará) field offshore Brazil.
Subsea Integration Alliance, a partnership between Subsea 7 and Schlumberger’s OneSubsea, has won an exclusive contract for a front-end engineering design (FEED) study on Equinor’s Bacalhau project, offshore Brazil.
Competition authorities in the UK have found that blocking a merger between offshore accommodation specialists Prosafe and Floatel may be the only way to mitigate competition concerns.
The 2019 result has exceeded the company’s expectations at the beginning of the year as well as its most recent guidance of DKK 16-17 billion.
Royal Caribbean Cruises has suspended three more sailings on Spectrum of the Seas, homeported in China.
The City of Neenah, Winnebago County, Wisconsin, has applied for a Department of the Army permit to dredge accumulated material from Lake Winnebago for the purpose of improving the boat launch area of Arrowhead Park. Under the plan, dredging will be completed mechanically utilizing a barge with a hy
Norway’s Equinor has entered into Front End Engineering and Design contracts with early commitments and pre-investments for phase 1 of the Bacalhau (formerly Carcará) area in Brazil.
City of Oceanside Harbor, California, yesterday announced first in the series of updates regarding the annual Spring dredge of the harbor inlet. As already reported, the Army Corp is required to maintain the harbor entrance channel which is funded by the Federal Budget. This year the appropriated fu
Subsea Integration Alliance (Subsea 7 and OneSubsea) has won of an exclusive contract from Equinor for the front end engineering design (FEED) study on its Bacalhau (formerly Carcará) project, offshore Brazil. The Bacalhau field is located 185 kilometers from the coast of the State of São Paulo, in
International Seaways has closed on senior secured credit facilities worth a total of USD 390 million.
