Exxon Mobil Corp posted a $56 billion net profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the Western oil industry. Oil majors are expected to break their own annual records on high prices and soaring demand, pushing their combined take to near $200 billion.
Responders are working to minimize environmental damages from a cutter suction dredge that capsized in the Mississippi River near Meraux, La. on Monday.The U.S. Coast Guard said its watchstanders at Sector New Orleans were notified at 12:50 a.m. that the dredging vessel W.B. Wood capsized in the vicinity of mile marker (MM) 85.
An ancient shipwreck found off the shore of Israel and loaded with cargo from all over the Mediterranean shows that traders from the West still came to port even after the Islamic conquest of the Holy Land, researchers say.A surprise storm? An inexperienced captain? Whatever the reason
It’s amazing to consider that a commercial vessel in the Pacific Ocean, approaching the mouth of the Columbia River, can continue its eastward journey to finally tie up at the Port of Lewiston, in Lewiston, Idaho, America’s most inland West Coast port, 465 miles from the Pacific Ocean.
Global oil companies are pumping billions of dollars into offshore drilling, reversing a long decline in spending on the decades-long projects, including some in the remote iceberg waters far off Canada's Atlantic coast.Surging oil prices are encouraging the investments, along with Europe's mounting energy demand as the Ukraine-Russia war drags on.
A newly built wood chip carrier vessel recently delivered to Japanese shipping company NYK is equipped to collect ocean microplatics for researchers to study.The Stellar Harmony, built by Imabari's Iwagi Zosen Co., Ltd shipyard, was officially handed over on August 23. The vessel will transport wood chips mainly from New Zealand, Australia
A 100-year-old, out-of-service passenger ferry Tourist No. 2 capsized in the Columbia River while moored near Astoria, Ore. on Thursday. There were no passengers on board.The U.S. Coast Guard said it is responding and that an investigation into the cause of the sinking is underway.
The first monopile and transition piece have been installed at the Dogger Bank Wind Farm in the U.K. North Sea, marking a key milestone for the construction of the world's largest offshore wind farm.The foundations, designed by Wood Thilsted, are up to 72m in length, weigh on average 1057 tonnes and include the world’s largest 8m offshore wind flange.
Harland & Wolff's Appledore site in the UK's southwest has won a £55 million (around $65 million) contract to regenerate a former Royal Navy mine-hunting vessel, HMS Quorn. "On behalf of the Lithuanian Government, the Defence Equipment Sales Authority (DESA) awarded the contract that will see HMS Quorn renovated and restored, bolstering NATO maritime capability in Europe
My first visit in 2007 to the American Society of Naval Engineers’ (ASNE) Multi-Agency Craft Conference (MACC) was an eye-opener. Having built a naval architecture career with frigates, destroyers and other large naval and commercial ships, I was eager to learn of the smaller craft used by the U.S. Navy and other government and military bodies. As my flight into Norfolk, Va.
The historic Belfast shipyard Harland & Wolff announced it has secured its first newbuild order since being bought out of administration in 2019.The shipyard, best known for having built the Titanic, is returning to action after being purchased by London-based InfraStrata. The yard said on Wednesday that it was awarded an initial contract worth approximately £8.5 million to build 11 barges for U.
Ukrainian forces destroyed a pontoon bridge and parts of Russian armored column as it tried to cross a river in the Donbas region, video footage released by Ukraine's military showed on Friday, and a Russian naval ship was set afire in the Black Sea.Russia has suffered setbacks on the battlefield as Ukraine drives its troops out of the region around the second-largest city of Kharkiv