The Association of Equipment Manufacturers (AEM) has submitted a statement about the House Committee on Transportation and Infrastructure’s April 10, 2019 subcommittee hearing on “The Cost of Doing Nothing: Why Full Utilization of the Harbor Maintenance and Investment in our Nation’s Waterways Matte
Halliburton more than tripled its first quarter 2019 profit when compared to the prior-year while its revenues stayed flat. The company believes that the worst in the pricing deterioration is behind and predicts progress in demand for its services.
Malaysia’s Velesto Energy, formerly known as UMW Oil & Gas, has been awarded contracts for the provision of four jack-up drilling rigs by Petronas.
Newly formed Cornerstone Maritime plans to acquire more tonnage as it takes over its first tanker.
Summit LNG, Bangladesh’s 2nd FSRU, arrived in the Bay of Bengal.
Qatari offshore drilling company Gulf Drilling International has confirmed it has signed a three-year contract with North Oil Company (NOC) to provide drilling services through the drilling rig Dukhan.
Bahri reveals plans to expand its market presence in the Asia-Pacific (APAC) region.
Dril-Quip has said that it had product bookings in the first quarter of 2019 of approximately $99 million, which exceeded its prior guidance of $80 million. Included in the first quarter 2019 bookings was a previously disclosed order from BP to supply subsea wellhead systems valued at between $25 –
Mindanao Container Terminal unveiled plans for improvements and upgrades at its port terminal.
Asset intelligence company Archer Knight has completed a £500,000 equity raise. Assisted by M&A and financing experts Gneiss Energy, Archer Knight secured the funds from 22 industry investors throughout the global subsea hubs. The Aberdeen based firm will use the capital to help grow its overall ser
Tendeka has made a substantial capital investment, led by UKCS growth, in manufacturing facilities, expanding their use of local supply chain and in-house capabilities. The company has more than doubled its work in the UK offshore sector over the past twelve months. Tendeka supplies a range of techn
The 22nd World Dredging Congress & Exposition (WODCON XXII) will take place in Shanghai, China, this week, from 22-26 April, 2019. The event is being organized by the World Organization of Dredging Associations (WODA), China Dredging Association (CHIDA) and Eastern Dredging Association (EADA). As th
Angola Cables has opened its carrier neutral data centre, AngoNAP Fortaleza in Fortaleza, Brazil. The Tier III designed data centre will cater for the growing demand in content and data transmission in the Southern hemisphere. This interconnection point will enable African entities to develop and ex
The most serious threat resulting from climate change in the North Sea Region coastal areas is the increasing flood and coastal erosion risk. The Interreg VB North Sea Region ‘Building with Nature’ project demonstrates solutions to this threat in which natural elements like wind, waves and tides are
