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Business & Finance

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Komandoo Harbor Deal for MTCC
Business & Finance

Komandoo Harbor Deal for MTCC

The Maldives Transport and Contracting Company Plc (MTCC) has won a contract for construction of the Sh. Komandoo Harbor, one of the inhabited islands of the Shaviyani Atoll Administrative Division, located in the North Miladhummadulhu Atoll in the Maldives. Director General at the Ministry of Plann

about 7 years ago
Diamond sinks deeper into the red
Business & Finance

Diamond sinks deeper into the red

Diamond Offshore sank deeper into the red in the second quarter of 2019 amid smaller dayrates and lower utilization of its drilling rigs.

about 7 years ago
Managing WA Coastal Erosion
Business & Finance

Managing WA Coastal Erosion

Western Australia Premier Mark McGowan has called on the Commonwealth Government to work with State and local governments to manage coastal erosion across the country. The State Government today released a comprehensive report outlining the scope and scale of coastal erosion across Western Australia

about 7 years ago
Hydro Group, Wenex Solutions for Ideol’s Floatgen Project
Business & Finance

Hydro Group, Wenex Solutions for Ideol’s Floatgen Project

An innovative floating wind turbine utilising Hydro Group connectivity is ready for commercial applications, following site tests which saw it generate 2.2GWh of electricity and face wave heights of up to 6.2 meters during the first half of 2019. The Floatgen Vestas V80 turbine, located in the SEM-R

about 7 years ago
Kosmos returns to quarterly profit
Business & Finance

Kosmos returns to quarterly profit

U.S.-based oil and gas company Kosmos Energy returned to profit in the second quarter of 2019 on the back of higher revenues driven by record production.

about 7 years ago
Cuomo Announces $18M Boost for Ogdensburg
Business & Finance

Cuomo Announces $18M Boost for Ogdensburg

The Ogdensburg Bridge and Port Authority has received $18 million from New York State (NYS) for freight-related projects, part of a $206 million overall investment by the state, the Watertown Daily Times reports. This funding is the final piece of funding needed to start a project that includes dred

about 7 years ago
Deep Ocean Engineering Rolls Out New Work-Class ROV
Business & Finance

Deep Ocean Engineering Rolls Out New Work-Class ROV

San Jose-based Deep Ocean Engineering (DOE) has announced the addition of a new type of remotely operated vehicle (ROV) to its product line, the Phantom X8. This electric, light work-class, vehicle is the largest and most heavy-duty ROV manufactured by DOE and packs a robust design for deep sea mane

about 7 years ago
Providence cuts jobs and directors while waiting on Chinese loan
Business & Finance

Providence cuts jobs and directors while waiting on Chinese loan

Providence Resources has decided to lay off all of its technical and support staff and downsize its board. The company is still waiting on the Chinese loan to cover the costs of a survey and pre-drill well consenting for the Barryroe prospect offshore Ireland.

about 7 years ago
Trump to Add Tariffs on Another USD 300 Bn of Chinese Goods
Business & Finance

Trump to Add Tariffs on Another USD 300 Bn of Chinese Goods

Trump would implement the 10% tariff on USD 300 billion worth of Chinese goods from September 1.

about 7 years ago
Natural Power Boosts US Offshore Wind Team
Business & Finance

Natural Power Boosts US Offshore Wind Team

Natural Power has appointed Matthew Filippelli to lead the company’s offshore wind services in the United States. Filippelli has taken over the position of Principal Engineer and Offshore Services Lead and will be based in the company’s New York office. “The US has a vast offshore wind energy resour

about 7 years ago
Natural Power Boosts US Offshore Wind Team
Business & Finance

Natural Power Boosts US Offshore Wind Team

Natural Power has appointed Matthew Filippelli to lead the company’s offshore wind services in the United States. Filippelli has taken over the position of Principal Engineer and Offshore Services Lead and will be based in the company’s New York office. “The US has a vast offshore wind energy resour

about 7 years ago
Myth or Fact? The concept of ‘Working with Nature’
Business & Finance

Myth or Fact? The concept of ‘Working with Nature’

Most maritime infrastructure projects are required to undergo vigorous environmental and cultural or social impact assessments before they are given permission to proceed. These evaluations look out for evidence demonstrating avoidance, minimization or mitigation of impacts in the preparation, actua

about 7 years ago
Shell Kicks Off Pensacola Survey in North Sea
Business & Finance

Shell Kicks Off Pensacola Survey in North Sea

Shell has started a 3D seismic survey over the Pensacola prospect in the Southern North Sea, Cluff Natural Resources said on Monday. The survey is being conducted by Shearwater GeoServices using the Polar Empress and field operations are expected to take approximately two weeks to complete. The vess

about 7 years ago
K Line Gets AIP for LNG-Fuelled Ore Carrier Concept Design
Business & Finance

K Line Gets AIP for LNG-Fuelled Ore Carrier Concept Design

The Approval in Principle (AIP) for the concept design of an LNG-fuelled ore carrier was received from DNV GL.

about 7 years ago
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