Oil major Chevron saw its profit and revenues drop in the third quarter of the year when compared to the last year’s third quarter affected by lower oil and gas prices.
The New York State is providing $43 million to advance 31 projects in Oswego and Cayuga counties as part of the first round of funding under the Lake Ontario Resiliency and Economic Development Initiative (REDI). Governor Andrew Cuomo launched REDI in May to increase the resilience of shoreline comm
The ship is scheduled for delivery in October 2020.
Celtic Norse fibre optic cable between Norway and Ireland will be partnered by Vodafone Iceland to develop a branch into Iceland. It is also investigating the opportunity to develop a branch into Scotland, initially with the government’s infrastructure body, the Scottish Futures Trust and Host in Sc
Capital Product Partners is looking to equip at least six more ships with scrubbers in the coming period.
Oil company Tower Resources has signed a contract with Geoquip Marine Operations for a survey over its Thali block in Cameroon, ahead of the drilling operations start.
ITF and Saudi Arabia have committed to work closely to support seafarers in all of the country’s ports.
Fugro will be able to monetise part of its non-core interest in Global Marine Group (GMG), following the stake sale in Huawei Marine Networks (HMN). GMG has agreed to a sale of its 49% stake in Huawei Marine to Hengtong Optic-Electric, in a transaction that values HMN at $285 million, and Fugro’s st
The City of Port Phillip and Parks Victoria have just announced that Brighton Harbor Main (Eastern) Entrance Channel Maintenance Dredging project is about to begin in the next couple of days. According to the notice, dredging of the harbor main entrance channel will be carried out with a cutter suct
The fuel tested on board MS Polarlys is palm-oil-free, the company noted.
Wisdom Marine has reportedly revealed plans to order two 82,300 dwt bulk carriers in China.
Norwegian offshore vessel owner Solstad Offshore (SOFF) needs more time to complete its restructuring and has therefore agreed an extension of suspension and deferrals of payments under its financing agreements. Late last year Solstad started discussions with its financial creditors and other stakeh
The US Department of Energy (DOE) has announced selections for up to $24.9 million in funding to drive innovative, industry-led technology solutions to advance the marine and hydrokinetics industry and increase hydropower’s ability to serve as a flexible grid resource. Selected projects should also
The Falklands Islands government has extended the term of Argos Resources’ offshore license PL001 by 18 months, giving the company time to find a partner and drill an exploration well.
