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Oil major ExxonMobil will make an impairment charge of $17 billion to $20 billion in the last quarter of the year after removing certain dry gas assets from its development plan and reduce spending plans for the next year. ExxonMobil said on Monday it has completed a review of its forward business plans. Under the… Read More
Canada’s Davie Shipbuilding reports that Vard Marine Inc. and Serco Canada Marine have become partners in its polar icebreaker program, which is the flagship project at Davie’s National Icebreaker Center (NIC). Canada’s current Polar Icebreakers have far exceeded their life expectancy. CCGS Louis S. St-Laurent is now in its sixth decade of operation. CCGS Terry… Read More
Washington D.C. – The American Wind Energy Association (AWEA) today released the following statement on Vineyard Wind’s selection of GE’s Haliade-X 13MW wind turbines to power the Vineyard Wind 1 Farm. “Today’s announcement from Vineyard Wind and GE Renewable Energy is an exciting step forward for American offshore wind energy, putting the domestic clean power industry on the… Read More
DredgeWire Exclusive While Dredge Yard has just reported on LinkedIn that it sold a small electric Dredger for potash mining in Canada, DredgeWire has learned more about the buyer and the interesting mining project application. Milestone Phase I Project Western Potash has developed a Final Engineering Report along with Amec Foster Wheeler and Agapito Associates… Read More
HOUSTON–(BUSINESS WIRE)–Nov. 30, 2020– Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”) a leading specialty construction company, today announced a change in the position of Board Chair effective at the end of the year. As the next step in the Company’s Board refreshment process, effective December 31, 2020, Richard Daerr will be retiring as Chair… Read More
The U.S. engineering and consulting solutions provider NV5 has secured an $8 million LNG upgrade deal. The company said in its statement the contract is for a Northeast Utility, without disclosing further information. The deal covers engineering, procurement, and construction (EPC) services to upgrade a liquefied natural gas (LNG) facility owned and operated by the… Read More
Anaheim, Calif. – Nov. 19, 2020 – Willard Marine today announced the appointment of Eugene Hanscom as General Manager. The industry veteran came to Willard in May of 2020 as the Director of Finance. Prior to that he spent the last six years with Curtin Maritime, a Long Beach-based maritime construction services company, as Vice… Read More
NEW ORLEANS—November 18, 2020—Port of New Orleans (Port NOLA) President and CEO and CEO of the New Orleans Public Belt Railroad (NOPB) Brandy D. Christian received the 2020 C. Alvin Bertel Award at the annual World Trade Center award ceremony and luncheon held this afternoon. The C. Alvin Bertel Award was established in 1967 and… Read More
Morgan City, Louisiana (November 19, 2020): Conrad Shipyard (OTC Pink: CNRD) today announced that it has delivered two 30,000 BBL Asphalt Barges to Parker Towing of Tuscaloosa, Alabama. “We are pleased to announce the delivery of the tank barges PTC 2001 and PTC 2002 to Parker Towing,” said Conrad CEO Johnny Conrad. “Our two companies… Read More
Sitka Brings 20 Years Experience to Dredging Company’s Leadership Team GALVESTON, TX – November 17, 2020 – Callan Marine announced the hiring of Matt Sitka, CPA, MBA as the new company Chief Financial Officer. A 15-year veteran of the industrial services, dredging, and marine construction industry, Sitka brings experience in the petrochemical, refining, power generation,… Read More
Morgan City, La., headquartered shipbuilder Conrad Industries, Inc. (OTC Pink: CNRD) yesterday reported its third quarter and nine months 2020 financial results and backlog at September 30, 2020. For the quarter ended September 30, 2020, Conrad had net loss of $3.6 million and loss per diluted share of $0.72 compared to net income of $983,000… Read More
Cashman Dredging & Marine Contracting Company, LLC Promotes Norman Bourque to Senior Vice President. He has more than 30 years of Marine Transportation, Dredging and Construction experience. Norman is a strong leader with motivational management style and reputation for training and retaining highly motivated project teams. He is a results-oriented achiever with excellent track record… Read More
Grön Fuels LLC, a portfolio company of Fidelis Infrastructure is studying the feasibility of a renewable fuel complex at the Port of Greater Baton Rouge. With expansions and associated projects, the complex could involve up to $9.2 billion of total investment over several phases. A final investment decision is expected in 2021, which will determine… Read More
The US Ocean Exploration Cooperative Institute (OECI), funded by NOAA’s Office of Ocean Exploration and Research (OER) recently signed a purchase contract to acquire a DriX Unmanned Surface Vessel (USV) from high-tech company iXblue. Signed over the summer, this contract consists of one DriX USV along with a novel custom-designed Universal Deployment System able to… Read More
Orion Group Holdings Inc., a leading specialty construction company, had net income of $11.8 million, or $0.39 diluted earnings per share, for the third quarter, the company announced October 28. The numbers are increases from the $4 million or $0.14 per share reported for the same quarter of 2019. Contract revenues for the quarter, however,… Read More