Bangladesh commissioned its second LNG terminal, the Summit LNG Terminal, offshore Moheshkhali Island.
Wood has secured a contract for the role of technical advisor on the Vineyard Wind offshore wind project in Massachusetts, the U.S. Under the four-year contract, Wood will act as the lender’s technical advisor on behalf of developer Vineyard Wind LLC, owned by Copenhagen Infrastructure Partners and
Wood has secured a contract for the role of technical advisor on the Vineyard Wind offshore wind project in Massachusetts, the U.S. Under the four-year contract, Wood will act as the lender’s technical advisor on behalf of developer Vineyard Wind LLC, owned by Copenhagen Infrastructure Partners and
Subsea 7 recorded a loss during the first quarter of the year while its revenues increased driven by its SURF and Conventional business unit.
The Schuylkill River in Philadelphia is set to be dredged for the first time in 20 years to remove silt buildup. After an extended funding campaign led by Philadelphia and the rowing community to raise the $4.5 million estimated cost needed to dredge the Schuylkill River along Boathouse Row and the
Teekay Offshore secured a new USD 100 million revolving credit facility for three of its FPSO units.
Oil major Shell on Thursday reported $5.4 billion earnings on a CCS basis, excluding identified items for the first quarter of 2019. This is a two percent drop compared to the first quarter of 2018, but still, a better result than analysts expected.
Oilfield services investment company Akastor recorded profit of NOK 62 million ($7 million) for the first-quarter 2019 compared to loss of NOK 19 million ($2 million) same time in 2018. The Oslo-listed company as a group generated some 21 per cent higher revenue (NOK 1.1 billion) in the Q1 2019 from
The U.S. Army Corps of Engineers, Charleston District, is planning to begin a storm damage reduction (beach nourishment) project in North Myrtle Beach on May 13th, the city said in the report. According to the officials, Great Lakes Dredge and Dock Company, LLC will execute the project. It will take
The UK will need 75GW of operating offshore wind capacity to reach net-zero greenhouse gas (GHG) emissions target by 2050, according to a recent report by the Committee on Climate Change (CCC). Currently, the UK has around 8GW of operating offshore wind capacity. The recent sector deal has set a tar
Hunter Tankers may use the facility to partially finance the group’s current newbuilding program.
C-Kore Systems has welcomed Diego Baraldi to the company to represent C-Kore as sales manager – South America. Diego has over 15 years of experience in the offshore oil & gas sector, starting his career with Halliburton as field engineer and then working for Lupatech as business development manager.
Despite increase in demolition volumes, the market for large dry bulk ships is likely to face continued pressure.
Ørsted has reported DKK 3.6 billion operating profit (EBITDA) from its offshore wind farms in operation in the first quarter of 2019, a year-on-year increase of 13% mainly driven by a ramp-up in generation from the Borkum Riffgrund 2 and the Walney Extension wind farms. Power generation from offshor
