Italian oil company Eni returned to profit during the first quarter of 2017, versus a loss in the year-before quarter, owing to the upward trend in crude oil prices. The oil company on Wednesday posted a net profit of €965 million, versus a loss of €383 million. According to Eni, this performance wa
Scotrenewables Tidal Power’s SR2000 tidal turbine has generated over 18MWh of energy within a continuous 24-hour testing period at the European Marine Energy Centre (EMEC).
Italian energy giant and LNG player Eni on Wednesday reported a first-quarter profit of 744 million euros ($810 million), the best quarterly profit in two years, as oil and gas prices rose. This is the company’s second quarterly profit in the last two years as Eni, like its larger peers, benefited f
The U.S. Coast Guard said in its latest release that they are establishing three safety zones to facilitate the Philadelphia to Sea Dredging Maintenance Project which includes the dredging works in the Delaware River from May 12 through September 1, 2017. During this time, the cutter suction dredger
Drilling contractor Songa Offshore saw a decrease in April earnings for one of its Cat D drilling rigs due to damage to non-drilling equipment. The driller said on Wednesday that the Songa Encourage rig achieved an operating efficiency of 91% and an earnings efficiency of 88% for the month, working
The United States president, Donald Trump intends to nominate new members to the Federal Energy Regulatory Commission (FERC).
The outlook for the global shipping industry is stable, given that — after excluding M&As and spinoffs — the aggregate EBITDA of rated shipping companies will remain at similar levels in 2017 as last year, according to Moody’s Japan K.K. Unlike 2016, when the industry saw double-digit EBITDA decline
Although the chemical tanker market started sailing towards recovery, the chemical shipping company Navig8 Chemical Tankers ended the first quarter of 2017 with a net loss of USD 1.2 million, against a net income of USD 10.3 million seen in the same period a year earlier. Navig8 Chemical said that t
Integrated shipping services provider Clarksons Platou has consolidated its renewables experts into a dedicated global division to provide ship broking, market intelligence and commercial services specifically to the offshore renewables market.
Integrated shipping services provider Clarksons Platou has consolidated its renewables experts into a dedicated global division to provide ship broking, market intelligence and commercial services specifically to the offshore renewables market.
The Canal and River Trust (CRT) today published its draft winter maintenance program for 2017-18, saying that throughout this period the trust intends to spend £26.9 million on dredging and repairs to bridges and embankments. Dredging is planned across the network, at sites including the Macclesfiel
Industry representatives have launched The Global 100% Renewable Energy Platform in Bonn, Germany.
Black Sluice IDB has started major enhanced maintenance works on the South Forty Foot Drain upstream of Boston in Lincolnshire, the Association of Drainage Authorities (ADA) just announced. The work is taking place thanks to financial backing from the Environment Agency who are partners in the works
Japanese oil and energy companies Showa Shell Sekiyu and Idemitsu Kosan have reached an agreement to combine their very large crude carriers (VLCCs) as part of the companies’ merger arrangements. Under the deal, the parties would jointly operate some 20 VLCCs, with loadings scheduled to start after
