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Business & Finance

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Valaris nets $245 million in revenue backlog with new rig gigs
Business & Finance

Valaris nets $245 million in revenue backlog with new rig gigs

Valaris, previously known as EnscoRowan, has secured new contracts and contract extensions with associated revenue backlog of approximately $245 million.

about 7 years ago
Alpha Adriatic: Banks Detain Croatian Tanker in Malaysia
Business & Finance

Alpha Adriatic: Banks Detain Croatian Tanker in Malaysia

Alpha Adriatic, former Uljanik Plovidba, informed that creditors detained one of its tankers in Malaysia.

about 7 years ago
US Sanctions on COSCO Companies Hit US-Listed Teekay
Business & Finance

US Sanctions on COSCO Companies Hit US-Listed Teekay

The sanctions are affecting Teekay’s Yamal LNG joint venture.

about 7 years ago
InfraStrata Buys Harland and Wolff
Business & Finance

InfraStrata Buys Harland and Wolff

The UK-based InfraStrata has entered into an agreement to purchase the principal assets of Harland and Wolff Heavy Industries Ltd and Harland and Wolff Group Plc from administrator BDO NI. Under the GBP 6 million acquisition, InfraStrata will take over a multi-purpose fabrication facility, quaysides

about 7 years ago
Apollo Asset Provides New Credit for Hunter Tankers
Business & Finance

Apollo Asset Provides New Credit for Hunter Tankers

Hunter Tankers signed a USD 15 million revolving credit facility agreement with Apollo Asset.

about 7 years ago
TechnipFMC Taps Benthic for Geotechnical Work Off Mozambique
Business & Finance

TechnipFMC Taps Benthic for Geotechnical Work Off Mozambique

Benthic, part of Acteon, has secured an offshore geotechnical and geophysical contract from TechnipFMC for the Golfinho development, a deepwater discovery off the coast of Mozambique. Golfinho will be developed as a subsea system tied back to an onshore liquefied natural gas facility. For the first

about 7 years ago
RWE takes over E.ON’s renewable energy assets
Business & Finance

RWE takes over E.ON’s renewable energy assets

E.ON has transferred its renewables business, E.ON Climate & Renewables, to RWE as part of the transaction to acquire and integrate innogy. Back in March 2018, RWE and E.ON entered into an agreement by which E.ON is taking over RWE’s 76.79% stake in innogy, whereas RWE is obtaining among other thing

about 7 years ago
$24.8M Boost for Coastal Wetlands Restoration in Louisiana
Business & Finance

$24.8M Boost for Coastal Wetlands Restoration in Louisiana

As part of their efforts to support resilient coastal communities, NOAA Fisheries Service is announcing the award of $24.8 million for three cooperative agreements. This funding will help restore habitat along Louisiana’s coast under the Coastal Wetlands Planning, Protection, and Restoration Act (CW

about 7 years ago
300cubits: Blockchain Project in Container Shipping Fails due to Lack of Interest
Business & Finance

300cubits: Blockchain Project in Container Shipping Fails due to Lack of Interest

Hong Kong-based 300cubits suspends the operation of its Booking Deposit Module.

about 7 years ago
Wintershall Dea sheds infrastructure assets in Norway to focus on upstream
Business & Finance

Wintershall Dea sheds infrastructure assets in Norway to focus on upstream

Wintershall Dea has agreed to sell its 5.0304% interest in the Nyhamna terminal to CapeOmega and its 13.255 % interest in the Polarled pipeline to Solveig Gas Norway.

about 7 years ago
Santa Cruz Dredging Kicks Off
Business & Finance

Santa Cruz Dredging Kicks Off

Dredging of Santa Cruz’s north harbor in California is scheduled to begin today using the Port District’s 8″ dredge Squirt. According to a Santa Cruz Harbor official announcement, the dredging permit window ends on February 28, 2020, for fine-grained material, and continues through April 30, 2020, f

about 7 years ago
Norfolk District Delivers Strong Year
Business & Finance

Norfolk District Delivers Strong Year

As the fiscal calendar nears 2020, officials at Norfolk District, U.S. Army Corps of Engineers are working to close the books by month’s end while taking a glimpse back at the past year’s accomplishments. Fiscal year 2019 saw a record $88 million in work within the district’s civil works mission. Pr

about 7 years ago
Avenir LNG’s First 7,500 cbm LNG Carrier to Work for Petronas
Business & Finance

Avenir LNG’s First 7,500 cbm LNG Carrier to Work for Petronas

Avenir LNG partnered up with MISC Berhad to provide its first 7,500 cbm LNG carrier to a subsidiary of Petronas.

about 7 years ago
Oswego Breakwater Work Done
Business & Finance

Oswego Breakwater Work Done

The U.S. Army Corps of Engineers, Buffalo District, completed construction of a maintenance repair on September 20 in Lake Ontario at the west arrowhead breakwater in Oswego Harbor, New York. The work consisted of repairing 600 linear feet along the lake side of the West Arrowhead breakwater. USACE

about 7 years ago
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