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Equinor and partners ExxonMobil, Idemitsu and Neptune have discovered oil and gas in exploration well Echino South, 35/11-23, by the Fram field in the North Sea. Recoverable resources are estimated at 6-16 million standard cubic meters of oil equivalent, corresponding to 38-100 million barrels of oil equivalent.

The 2018 edition of Dredging in Figures, an annual review of the global open dredging market by the International Association of Dredging Companies (IADC) is now available. The annually prepared report serves as a resource to entities interested in the financial development of the dredging industry.

ChartCo and Marine Press, both leaders in global digital navigation solutions, have announced their merger. The move will result in the creation of a new, world-leading company called OneOcean which will offer the largest range of navigation and compliance solutions into the maritime sector.

Harvey Gulf announces that it increased EBITDA by 33% in the 3rd quarter. The Company attributed the increase to a continued, successful international expansion. However, the Company also warned the end of downturn is still years away, and the industry needs further consolidation and SG&A reductions.

The WindFloat Atlantic project is constructing the first floating wind farm on continental Europe, and will generate a capacity of 25MW; equivalent to the energy consumed by 60,000 homes in a year. Being a floating wind farm, it is secured to the sea bed with chains, and so avoids complex and disruptive offshore operations that might be damaging to the environment and costly.

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