The Jacksonville District of the U.S. Army Corps of Engineers has received an application from the Town of Palm Beach, Florida, for the shoreline stabilization and water access activities, located in the Lake Worth Lagoon. The applicant seeks authorization to stabilize the shoreline and improve wate
WavEC Offshore Renewables is seeking to appoint a senior engineer to take the leadership of the Technology and Monitoring team. WavEC is an R&D-based consulting non-profit company dedicated to the development and promotion of marine renewable energy technologies (including wave energy and offshore w
Norwegian industry initiative GCE Ocean Technology (GCE Subsea) has become a member of the Norwegian Forum for Marine Minerals (NMM). The membership, among other things, should enable GCE to contribute to strengthening the Norwegian environment’s international contacts and influence in the field of
Spanish oil firm Repsol posted a net income for the first quarter of the year of 608 million euros, almost even compared to last year’s 1Q income of 610 million euros.
Houston-based McDermott has reported quarterly loss of $70 million, or 39 cents per diluted share, compared to profit of $35 million, or 37 cents per diluted share in the first quarter of 2018. Excluding $73 million of restructuring, integration and transaction costs, the adjusted profit for the fir
Exmar has ordered two LPG carriers in China for long-term commitments towards Equinor.
Seismic player Polarcus has booked quarterly loss when compared to first-quarter 2018, despite major revenue boost of some 145 percent in Q1 2019. The Oslo-listed company reported net loss for the quarter ended March 31, 2019 of $5.3 million, versus profit of $2.8 million in Q1 2018. The Q1 2018 res
Mitsui O.S.K. Lines reverted to profitability in FY 2018, unlike its partners in the ONE alliance.
The Dredging Corporation of India Limited (DCI) has inked a memorandum of understanding with WAPCOS Limited to jointly identify suitable future projects and carry out geotechnical investigation and engineering consultancy in fields like water resources, power and infrastructure, and port and harbor
Oil and gas shipping firm Teekay has agreed to sell all of its remaining interest in Teekay Offshore, a provider of marine services and solutions to the offshore oil industry, to Brookfield for $100 million.
Norwegian oilfield services provider Aker Solutions recorded an increase in its quarterly profit and revenues driven by high activity levels. Looking ahead, Aker Solutions expects an increase in energy demand. Aker Solutions recorded an increase in its first quarter 2019 net income which totaled NOK
The International Diving Industry Forum (IDIF) has been established to reduce and control the risks associated with energy industry diving operations carried out anywhere in the world. The IDIF was established by three industry stakeholders, the International Marine Contractors Association (IMCA), t
The U.S. Army Corps of Engineers, New Orleans District, is hosting scoping meetings to share information and gather public input on the Upper Barataria Basin Storm Risk Management Feasibility Study. The study area is large with, 75,000 people, 28,000 structures and about 760 square miles, and has a
MHI Vestas has completed turbine installation at the Norther offshore wind farm in Belgium in record time. “The MHI Vestas installation team, together with our partners, has completed installation at Norther in record time,” said MHI Vestas Chief Operations Officer, Flemming Ougaard. “Not only did w
