BP

GLDD ends year with $1.04 billion backlog

Houston-headquartered dredging giant Great Lakes Dredge & Dock Corporation (Nasdaq: GLDD) yesterday reported financial results for the quarter and year ended December 31, 2023. The numbers seemed to please investors, with the company’s share price up by 17.8% at the end of the trading day.

HIGHLIGHTS

Fourth quarter 2023 results

  • Revenue was $181.7 million
  • Total operating profit was $30.5 million
  • Net income was $21.6 million (includes $5.6 million gain related to the termination of an offshore wind...

https://www.marinelog.com/inland-coastal/dredging/gldd-ends-year-with-1-04-billion-backlog/

COLUMN | Quick updates: Total buys a rig; Trident cans a rig; Standard sales succeed and fail; Saipem wins and loses corruption battles; Sapura hit with wind arbitration [Offshore Accounts]

Gong Xi Fa Cai, Kung Hei Fat Choi, and Chúc mừng Năm Mới! Happy Lunar New Year to all our readers, and welcome to the Year of the Dragon. At least, this is one time of year where nobody will be sneaking abandoned offshore rigs and supply vessels out of Chinese shipyards to the market […]

The post COLUMN | Quick updates: Total buys a rig; Trident cans a rig; Standard sales succeed and fail; Saipem wins and loses corruption battles; Sapura hit with wind arbitration [Offshore Accounts] appeared...

https://www.bairdmaritime.com/work-boat-world/offshore-world/column-quick-updates-total-buys-a-rig-trident-cans-a-rig-standard-sales-succeed-and-fail-saipem-wins-and-loses-corruption-battles-sapura-hit-with-wind-arbitration-offshore-accounts/

Ørsted and Equinor bid into NY4 offshore wind solicitation

Efforts to get New York offshore wind back on track continue. Following New York State’s successful third offshore wind solicitation, both Ørsted and Equinor have bid into New York’s fourth offshore wind solicitation (NY4), with some familiar projects being resubmitted — and some changing of partners is going on.

The stage for NY4 was set back in November 2023 when the New York State Public Service Commission denied petitions submitted by offshore wind developers that sought to address...

https://www.marinelog.com/offshore/offshore-wind/orsted-and-equinor-bid-into-ny4-offshore-wind-solicitation/

VIDEO: Offshore charging for two new Irish Sea wind farms?

As offshore wind developments are seen as an ever more important supplier of green power, increasing attention is being paid to making the wind farms themselves greener. As part of that quest, two Irish Sea offshore wind projects could integrate an offshore charging solution for Service Operation Vessels (SOVs) and Crew Transfer Vessels (CTVs) that has been developed by Maersk subsidiary Stillstrom A/S.

EnBW and BP, who are developing the Morgan and Mona offshore wind farm projects in a joint...

https://www.marinelog.com/offshore/offshore-wind/video-offshore-charging-for-two-new-irish-sea-wind-farms/

Shell joins BP and numerous shipping giants in putting all Red Sea shipments on ice as vessel attacks escalate

Shell is the latest firm in a long line of companies, which decided to steer clear of the Red Sea shipping route in response to rising Houthi vessel attacks.

The post Shell joins BP and numerous shipping giants in putting all Red Sea shipments on ice as vessel attacks escalate appeared first on Offs...

https://www.offshore-energy.biz/shell-joins-bp-and-numerous-shipping-giants-in-putting-all-red-sea-shipments-on-ice-as-vessel-attacks-escalate/

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