Search results for: race bank

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  • Not much wiggle room to cut supply chain costs in 2020 downturn, Rystad says

    3 April 2020
    Exploration & Production, Infrastructure, Market Outlooks, Outlook & Strategy

    In the downturn of 2020, global exploration & production operators will only be able to cut supply chain costs by up to 12%, a Rystad Energy analysis shows.

  • After taking operatorship of Thai fields, PTTEP boosting output to strengthen energy security

    25 April 2022
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Operations & Maintenance, Outlook & Strategy, Project & Tenders, Regulation & Policy

    Following its takeover of the operatorship steering wheel at fields in the Gulf of Thailand, PTTEP plans to ramp up production.

  • Crew change crisis worsens, over 8pct seafarers employed over contract

    2 July 2021
    Human Capital, Outlook & Strategy

    The number of seafarers onboard vessels beyond the expiry of their contract has risen from 5.8% to 8.8%, which corresponds to a 51,7% relative increase, the Neptune Declaration Crew Change Indicator (NDCCI) shows.

  • Seaspan pockets $200 million from sustainability-linked bonds

    22 January 2021
    Business & Finance

     Seaspan Corporation, a wholly-owned subsidiary of Atlas Corp., has raised $200 million from new senior unsecured sustainability-linked bonds in the Nordic bond market. The bonds will mature in February 2024 and bear interest at 6.5% per annum. The net proceeds from the bond issue will be used for general corporate purposes, which may include repayment of debt. “We […]

  • AMCS: True Test for Minister Will Come at Abbot Point (Australia)

    19 November 2013
    Business & Finance

    Dumping of dredged material in the Great Barrier Reef should be banned, following the Minister for the Environment Greg Hunt ordering that dumping should not be occurring in the World Heritage Area near Gladstone Harbour. However, the true test for the Minister will come at Abbot Point, where he is considering the approval millions more […]

  • HydroQuest validates performance of new tidal turbine design at Insean

    4 October 2021
    Business Developments & Projects, Collaboration, Equipment, Innovation, Outlook & Strategy, Research & Development, Technology

    French marine energy company HydroQuest has tested the scaled model of its new tidal turbine technology at the Institute of Marine Engineering, part of the National Research Council (CNR) of Italy.

  • Subsea UK Conference to Examine Potential Outlook of Subsea Sector

    14 November 2018
    Business & Finance

    The past, present and future of the subsea industry will be examined and discussed at a Subsea UK event in Woking next month. The Back to the Future of Subsea conference will consider the potential outlook of the subsea sector, drawing upon developments over the past 20 years and explore what the fourth industrial revolution in […]

  • Tulane University Opens ByWater Institute

    16 September 2016
    Business & Finance

    Tulane University has opened the ByWater Institute and a new riverfront campus in downtown New Orleans dedicated to studying and protecting Louisiana’s vital waterways and coast. The Institute will bring scholars from across disciplines together to find innovative solutions to one of the biggest challenges facing Louisiana and vulnerable communities worldwide — how to manage […]

  • Constellation drillship lands three-year gig with Petrobras

    7 July 2021
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Vessels

    Brazilian drilling contractor Constellation Oil Services has been awarded a contract for a drillship from compatriot oil company Petrobras.

  • UK: Repair of the Nation’s Canals Underway

    25 February 2014
    Business & Finance, Equipment, Technology

    As water levels begin to recede, Canal and River Trust is preparing to get the nation’s canal network repaired and fully open. Across large parts of the country the remarkable resilience of the two centuries old canal system has again been proven and it remains open for people to use. Nevertheless, costs are mounting in […]

  • Kuwait Invests Large in Bid for Northern Gulf Gateway

    22 November 2012
    Business & Finance

    A recent World Bank report ranked Kuwait in 36th place out of 155 countries in terms of the movement of goods and services through its ports, but traffic congestion at existing locations has prompted significant investment into new facilities in order to capitalise on commercial potential and secure gateway status for the Northern Gulf region. […]

  • IMO’s carbon measures face backlash as too weak

    16 June 2021
    Authorities & Government, Environment, Regulation & Policy, Rules & Regulation, Transition

    The International Maritime Organization (IMO) has adopted efficiency measures to reduce carbon intensity from ships, targeting a 1.5 % annual ship CO2 intensity cut between 2023-2026. The measures are expected to result in an estimated 11% improvement by 2026 compared to 2019 levels and will take the form of a mix of technical and operational approaches. […]

  • TechnipFMC Wins Shell PowerNap Project

    22 August 2019
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    TechnipFMC has been awarded integrated engineering, procurement, construction and installation (iEPCI) contract by Shell for the PowerNap project in the Gulf of Mexico. TechnipFMC will design, manufacture and install subsea hardware, including subsea tree systems, subsea distribution controls, topside controls, flying leads and connectors for three wells, in addition to the supply of 20 miles […]

  • IMF loan to aid Gabon’s recovery from oil price crash and coronavirus

    28 April 2020
    Authorities & Government, Business & Finance, Business Developments & Projects, Market Outlooks, Outlook & Strategy, Regulation & Policy

    The International Monetary Fund (IMF) and the Government of Gabon have reached an agreement for a $147 million facility to help the country address the challenges that have arisen due to the global COVID-19 pandemic and oil price crash.

  • Tailwind acquires Decipher Energy and its North Sea assets

    6 April 2021
    Business & Finance, Business Developments & Projects

    UK-based oil and gas company Tailwind Energy has acquired compatriot Decipher Energy Limited which owns several assets in the UK North Sea.

  • NAT: Euforia around post-pandemic recovery good for tankers

    25 May 2021
    Business & Finance

    The tanker market is set to benefit from the recovery of the global economy and trade as more oil is expected to enter the market in the coming months. Easing of oil production restrictions by OPEC and depletion of world oil inventories are set to boost demand for tankers as more barrels are added to […]

  • Boskalis Sets Another Record

    9 March 2016
    Business & Finance

    Royal Boskalis Westminster N.V. has just announced its full year results for 2015. The company achieved net profit of EUR 440 million in 2015 (2014: EUR 490 million). Revenue rose by 2.3 per cent to EUR 3.24 billion (2014: EUR 3.17 billion). EBITDA amounted to EUR 885 million and the operating result (EBIT) was EUR 563 million (2014 […]

  • Following ‘carefully planned’ restart program, Australian field recommences production

    23 March 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Outlook & Strategy, Project & Tenders

    Singapore-headquartered oil and gas production company Jadestone Energy has restarted production from an FPSO operating at a field in the Timor Sea offshore Australia. Following what the company describes as a “carefully planned restart program”, production recommenced from the Montara Venture FPSO on the Montara field early on Tuesday, 21 March. In addition to production […]

  • Dredging Brings Benefits to Grantham Canal

    15 December 2014
    Business & Finance, Equipment, Technology

    A dredging project aimed at improving water quality and encouraging rare aquatic plants to thrive on the Grantham Canal is underway. The Canal & River Trust is dredging silt from a 6km stretch of the canal to protect important habitats. The stretch of canal is designated as a Site of Special Scientific Interest (SSSI) because […]

  • Unauthorized Aklan River Dredging Stopped

    1 February 2017
    Business & Finance

    The Philippines Department of Environment and Natural Resources (DENR) has stopped dredging operations on the banks of Aklan River, which were carried out without the required permits from the DENR and the local government. PNA news agency reported that the DENR on Tuesday swooped down on a 50-ton Chinese boat conducting dredging activities along the […]

  • Mocean Energy secures patent for its wave energy technology in China

    14 November 2022
    Business & Finance, Business Developments & Projects, Equipment, Innovation, Market Outlooks, Outlook & Strategy, Technology

    Scottish company Mocean Energy has secured patent protection for its floating hinged raft wave energy technology in China.

  • Shell to drill Pensacola well next year

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

    Deltic Energy and Shell have made a positive well investment decision to drill the high impact Pensacola Prospect in the UK Southern North Sea.

  • Newhaven Scheme Puts Focus on the East Bank

    22 March 2018
    Business & Finance, Project & Tenders

    The Environment Agency, in partnership with Lewes District Council, is working on the Newhaven flood alleviation scheme, designed to provide a 1-in-200-year standard of protection. Following completion of the work on the west bank of the River Ouse, the EA is now shifting focus on the east bank. Area 1: A26 to Energy Recovery Facility, currently under […]

  • Sembawang: No Public Costs for Dredging (Australia)

    19 September 2012
    Business & Finance

    The international company behind the proposed $4.9 billion cruise ship and integrated tourism, residential and casino proposal near Wavebreak Island in the Southport Broadwater says it can complete the required dredging to enable cruise ship access within four weeks. President and CEO of Sembawang of Singapore – Global Project Underwriters Limited, Ric Grosvenor, said the […]

  • Corps Releases Inspection Rating for Salt Lake County Levee Systems (USA)

    4 November 2013
    Business & Finance

    Federally-required inspections by the U.S. Army Corps of Engineers Sacramento District have shown a need for Salt Lake County, Utah, to address important maintenance issues of the levee systems along the 12-mile Surplus Canal. The canal, which was upgraded by the Corps in 1960, drains Jordan River water into the Great Salt Lake. The Sacramento […]