Swedish marine energy developer Minesto has raised SEK 60 million ($6.2 million) through a directed issue and also decided to carry out a subsequent rights issue of SEK 86.5 million ($8.9 million). The direct issue of units was subscribed for by an undisclosed international institutional investor (S
South Korean Hyundai Heavy Industries has obtained regulatory approval in Kazakhstan for the acquisition of DSME.
BP’s third-quarter results took a hit due to lower oil prices and maintenance, hurricane impacts and a divestment charge.
Mermaid Maritime’s joint-venture company with an unnamed offshore services operator has secured a three-year contract extension with a national upstream oil and gas company in the Middle East.
U.S. Congressman Dan Crenshaw, along with Texas Senators John Cornyn and Ted Cruz and Representative Kevin Brady, sent a letter recently to Acting FEMA Administrator Peter Gaynor requesting FEMA’s swift approval of the City of Houston’s new San Jacinto river mouth bar dredging plan. While FEMA has a
Eni, Cassa Depositi e Prestiti, Fincantieri and Terna have signed an agreement to set up a company for the development and manufacturing of wave-energy power plants. The agreement was signed in Ravenna by the chief executive officers of Cassa Depositi e Prestiti, Fabrizio Palermo, of Fincantieri, Gi
Boskalis and its Taiwanese partner Hwa Chi Construction have been awarded the foundation scope for the Taiwanese Changfang and Xidao offshore wind farm (CFXD OWF) project owned by Copenhagen Infrastructure Partners (CIP). The project includes the transportation and installation of sixty two three-le
KrisEnergy has accepted a binding letter of offer by a ‘major international oil and gas company’ for the disposal of a 30% non-operated working interest in the Andaman II production sharing contract (PSC) in the Malacca Strait, Indonesia.
The U.S. House of Representatives has passed by a recorded vote the Full Utilization of the Harbor Maintenance Trust Fund (HMTF), H.R. 2440. The vote was 296 in favor and 109 opposed. The voting required a two-thirds super majority of the House in order to pass under “suspension of the rules.” There
In the context of the Inter-American Committee (CIP) Secretariat’s Capacity Building Program, the Organization of American States (OAS) and Piedroba Consulting Group (PCG) have decided to partner with the Port of Buenos Aires, Argentina to offer an Executive Dredging Seminar on November 14-15. This
Mermaid’s joint-venture company in Middle East has secured a three-year contract extension for offshore inspection, repair and maintenance services with an oil and gas national company. The extension is in direct continuation to its initial seven-year contract period, whereby Mermaid will continue t
Net profit reached QAR 419 million, up by 5%, while operating revenues increased to QAR 1.83 billion.
Three units are being fitted with scrubbers, while the remaining three are to start installation in the coming weeks.
The EllaLink Group and Telxius, the telecommunication infrastructure company of the Telefónica Group, have signed a collaboration agreement for international subsea capacity and terrestrial connectivity in Latin America, including cable landing facilities in Fortaleza, Brazil. The complementary infr
