Search results for: race bank

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  • Seadrill boosts backlog with new deals but plans for recycling spree

    20 November 2020
    Business & Finance, Business Developments & Projects, Exploration & Production, Market Outlooks, Outlook & Strategy, Project & Tenders

    Seadrill has added approximately $52 million to its backlog following the end of 3Q and is looking to manage its rig count by recycling some of its rigs.

  • Sri Lanka: SLLR&DC Receives New Dredging Equipment

    26 August 2013
    Business & Finance, Equipment, Technology

    Under the auspicious of the Metro Colombo Urban Development Project led by the Ministry of Defence and Urban Development, new dredging machines and modern equipments were handed over to the Sri Lanka Land Reclamation and Development Corporation (SLLR&DC) at a function held at the Ministry premises last week. Economic Development Minister Basil Rajapaksa participated at […]

  • USA: Two Congressmen Lead Bipartisan Alliance for Port Dredging

    16 March 2012

    Fighting to protect American jobs and ports, Congressmen Jeff Landry and Tim Bishop led a bipartisan coalition of 72 House Members calling for proper port dredging. The Landry coalition sent a letter today to the U.S. House Budget Committee requesting the Committee apportion all funds in the Harbor Maintenance Trust Fund (HMTF) for its stated […]

  • Stolt-Nielsen CEO: Costly ship rerouting due to overdue crew changes impacting scheduling

    8 October 2020
    Business & Finance, Human Capital

    Pricey rerouting of ships needed to carry out overdue crew changes, significantly hampered by the ongoing COVID-19 pandemic, continues to impact scheduling, Niels G. Stolt-Nielsen, Chief Executive Officer of Stolt-Nielsen Limited, said. Shipping companies have predominantly been left to their own devices in dealing with what has become a major humanitarian crisis for seafarers. In […]

  • Army Corps Releases Inspection Ratings for Yuba County Levees (USA)

    18 April 2013
    Business & Finance

    Inspections by the U.S. Army Corps of Engineers Sacramento District rated a rural Yuba County levee system as unacceptable and gave a minimally acceptable rating to the urban levee system near Linda and Olivehurst. The Sacramento District conducted a periodic inspection of the two levee systems Dec. 14, 2010 – Jan. 7, 2011. Initial findings […]

  • UK player frustrated by production shut-in at North Sea gas project

    23 May 2022
    Business & Finance, Business Developments & Projects, Exploration & Production, Operations & Maintenance, Project & Tenders, Safety

    IOG has revealed that production at its gas project in the UK sector of the North Sea, has been shut-in due to liquids handling issues.

  • Wave of disputes over pay to encompass 40 offshore installations, as workers vote on downing tools

    13 February 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Human Capital, Outlook & Strategy, Project & Tenders, Regulation & Policy, Rules & Regulation

    More than 700 offshore members at Bilfinger UK Limited are set to be balloted on strike action in a dispute over pay, says Unite the union.

  • Energy transition acceleration did not derail oil & gas exploration in 2021, Westwood says

    26 May 2022
    Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Market Outlooks, Outlook & Strategy, Project & Tenders, Transition

    Westwood Global Energy reveals that oil & gas exploration remained resilient in 2021 undeterred by the accelerating energy transition.

  • Investors snap up TenneT’s € 1 billion Green Hybrid Bond

    16 July 2020
    Business & Finance

    TenneT has issued a EUR 1 billion Green Hybrid Bond, from which the proceeds will be used to connect large-scale offshore wind to the electricity grid, with investors showing “keen interest” and the issue being 2.5 times oversubscribed. On 15 July, the transmission system operator priced its EUR 1 billion Green Hybrid Bond issue with […]

  • Second well in Black Sea drilling campaign days away from being back on stream

    14 November 2022
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Trillion Energy is anticipating the restart of production from the second well in its 2022 – 2023 drilling programme this week.

  • Pakistan: Karachi Port Gets $115.8 Million from World Bank

    20 September 2010

    The World Bank has agreed to lend $115.8m to the Karachi port improvement project in Pakistan. The money will fund works to deepen the channel and harbour at the port, reconstruct old and shallow berths, and construct cross-harbour bridges. The port, which handled 38.7 million tons of cargo in 2008-09, constitutes approximately 60% of Pakistan’s […]

  • Eidesvik and CGG Agree Redelivery of Seismic Vessel

    1 July 2019
    Business & Finance, Project & Tenders

    Eidesvik Offshore and CGG have agreed to terminate with immediate effect the contract for Viking Vanquish. The charter was due to expire November 2, 2020 and the charter rate will continue until that date, the company said. Viking Vanquish was originally built as a supply vessel in 1998. Its conversion to seismic vessel was completed […]

  • WATCH: Novige verifies full potential of NoviOcean wave device

    17 August 2021
    Business Developments & Projects, Collaboration, Equipment, Innovation, Market Outlooks, Outlook & Strategy, Research & Development, Technology

    Swedish wave energy company Novige has concluded the extensive tests on its scaled NoviOcean wave energy prototype in France, with the support of the MaRINET2 project.

  • IOG frustrated over another delay in spudding North Sea well

    29 December 2021
    Business & Finance, Business Developments & Projects, Equipment, Exploration & Production, Project & Tenders

    IOG is frustrated over further delay in spudding the first development well on the Southwark field in the UK North Sea.

  • Stabilis gets credit facility to boost growth

    13 April 2021

    U.S.’s small-scale LNG provider Stabilis Solutions has secured a $10 million credit facility to support the company’s working capital requirements.

  • Bandon Flood Relief Scheme in Full Swing

    7 August 2017
    Business & Finance

    Works on the €16 million Bandon Flood Relief Scheme have been progressing over the past month, with activity taking place in a number of areas, Byrne Looby said in its latest project update. Dredging works are continuing between O’Driscoll’s Bridge and the Waste Water Treatment Plant. Currently the works comprise of the placement of rip-rap (rock […]

  • BPA: Green maritime fund, Freeports could be part of UK’s economic recovery from COVID-19

    21 May 2020
    Authorities & Government, Infrastructure, Ports & Logistics, Regulation & Policy

    The British Ports Association (BPA) has published an economic recovery plan for the UK government that highlights how investment in ports can play a part in the UK’s healing from “the deepest economic shock in living memory”.

  • GCMD survey unveils decarbonization blind spots: Industry cannot decarbonize without conservatives

    12 June 2023
    Authorities & Government, Certification & Classification, Environment, Green Marine, Market Outlooks, Outlook & Strategy, Ports & Logistics, Regulation & Policy, Research & Development, Rules & Regulation, Transition, Vessels

    Singapore-based Global Centre for Maritime Decarbonization and Boston Consulting Group have revealed major insights from the Global Maritime Decarbonization Survey during a presentation held at Nor-Shipping 2023’s Tradewinds Ocean Stage. The survey sheds light on the current state of maritime decarbonization and provides guidance for driving action within the industry. During the presentation, Lynn Loo, […]

  • India: IACC Successfully Hosts US Shipping and Logistics Delegation

    22 February 2012

    Indo American Chamber of Commerce (IACC), Tamil Nadu successfully hosted a first of its kind B2B meet on US – India Business Growth opportunities in Shipping and Logistics on February 20, 2012 in Chennai. Francisco Sanchez, Under Secretary of Commerce for International Trade, U.S Department of Commerce presided over the event as the Chief Guest […]

  • Velesto expects insurance to mitigate sunken rig costs

    6 May 2021
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Operations & Maintenance, Rules & Regulation, Safety

    Velesto Energy expects the financial impact of an incident in which its NAGA 7 rig submerged off Sarawak will be mitigated by the insurance.

  • HFIA Clears First Procedural Hurdle (USA)

    28 January 2014

    The U.S. Senate last night voted 86-13 to move forward and debate the bipartisan Homeowner Flood Insurance Affordability Act (HFIA) sponsored by U.S. Senator Mary L. Landrieu, D-La. and supported by 31 bipartisan, geographically diverse senators. Last month, Sen. Landrieu secured a commitment from Senate Majority Leader Harry Reid, D-Nev., to bring the bill to […]

  • Jadestone Energy on the lookout for new CFO

    23 December 2021
    Business & Finance, Business Developments & Projects, Human Capital

    Jadestone Energy is on the lookout for a new Chief Financial Officer (CFO), as the current one will be stepping down from the role next year.

  • Congressmen Graves and Moulton Introduce COASTS Act

    3 July 2018
    Business & Finance

    Congressmen Garret Graves and Seth Moulton yesterday introduced the Creating Opportunity and Sustainability Through Science (COASTS) Act, which will help ensure that coastal communities are more resilient and sustainable in the face of coastal degradation. Specifically, this legislation: Directs the Secretary of Commerce, through NOAA, to develop and carry out a competitive grant program focused on […]

  • OPEC lowers 2020 oil demand forecast

    19 November 2020
    Exploration & Production, Infrastructure, Market Outlooks, Outlook & Strategy

    The Organization of the Petroleum Exporting Countries (OPEC) has lowered its 2020 oil demand forecast to negative -9.8 million barrels a day.

  • Australia: SEQ Communities to Share in River Cleanup Grants

    19 January 2012

    Community groups who are continuing the long task of cleaning up flood-damaged waterways are set to get a further boost thanks to a new Bligh Government funded grant program, Environment Minister Vicky Darling announced today. Ms Darling said the Community Waterway Litter Cleanup Grants – to be administered by Healthy Waterways – would provide assistance […]