Search results for: race bank

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  • Environmental group seeks injunction against Woodside’s Scarborough gas project

    21 June 2022
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Project & Tenders, Rules & Regulation

    Woodside and its Scarborough offshore gas project are facing a legal challenge as the AFC is seeking an injunction to restrain activities.

  • Noble gets rid of five cold-stacked floating rigs

    5 November 2020
    Business & Finance, Business Developments & Projects, Exploration & Production

    Offshore drilling contractor Noble Corporation has decided to sell five of its cold-stacked drilling rigs.

  • Evac BWTS selected for Irish Lights aids to navigation vessel

    14 May 2020
    Equipment, Infrastructure, Vessels

    Evac Group’s Evac Evolution BWTS has been selected for installation on the ILV Granuaile, an aids to navigation vessel operated by the Commissioners of Irish Lights.

  • German government takes control of Uniper to secure energy supply

    21 September 2022
    Business & Finance, Business Developments & Projects, Outlook & Strategy

    The German government has signed an agreement in principle with energy companies Fortum and Uniper for a long-term solution that will allow the German State to take full control of Uniper and secure energy supply in the country. The parties have agreed on an amendment to the package of measures announced on 22 July 2022 […]

  • Offshore project commitments poised for new record, Rystad says

    4 March 2021
    Business & Finance, Business Developments & Projects, Exploration & Production, Market Outlooks, Outlook & Strategy

    Offshore project commitments are set to reach a new record in the five-year period towards 2025, a Rystad Energy report says.

  • ‘World’s first’ design approval for compressed hydrogen carrier awarded to Provaris

    12 December 2022
    Business Developments & Projects, Certification & Classification, Green Marine, Outlook & Strategy, Regulation & Policy, Vessels

    Australian Provaris Energy, former Global Energy Ventures (GEV), has obtained design approval from classification society American Bureau of Shipping (ABS) for its compressed hydrogen carrier H2Neo. ABS has reviewed, verified and approved the design of Provaris’ 26,000 m3 H2Neo compressed hydrogen carrier, which is said to be the first of its kind to receive this […]

  • Hapag-Lloyd orders six LNG-powered 23,500+ TEU ULCVs in $1 billion deal

    23 December 2020
    Business & Finance, Environment, Transition, Vessels

    German liner giant Hapag-Lloyd has ordered six ultra-large container vessels from Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME). The $ 1 billion investment will see the LNG-powered 23,500+ TEU vessels delivered to Hapag-Lloyd between April and December 2023. The vessels will be fitted with fuel-efficient high-pressure dual-fuel engines, that will operate on LNG, but […]

  • Another year added to Vantage rig contract

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

    Vantage Drilling has secured an additional year of contract for a jack-up unit while two other jack-up rigs have started their gigs.

  • Callan releases tender package for U.S. largest TSHD

    22 June 2021
    Technology

    Callan Marine has released a tender package for construction of its latest fleet addition, a trailer suction hopper dredge to be named The Admiral Nimitz. The Admiral Nimitz will be the U.S. largest capacity trailing suction hopper dredge (TSHD). The Admiral Nimitz will have an overall length of 422 ft and a breadth of 92’ […]

  • PGS Reports Q4 Profit

    30 January 2020
    Business & Finance, Operations & Maintenance

    Petroleum Geo-Services (PGS), has bounced back in black in the fourth quarter ended December 31, 2019, as revenues hiked some 23 per cent from same time last year. The Oslo-listed seismic player reported quarterly profit of $10.7 million, or 3 cents per share on revenues of close to $333 million, against loss of $23.5 million, […]

  • Wellesley strikes out in North Sea well

    27 January 2022
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Wellesley has concluded the drilling of a wildcat well north of the Gjøa field in the northern North Sea, but the well turned out to be dry.

  • Drewry bullish on methanol’s role in decarbonizing shipping

    5 July 2021
    Outlook & Strategy, Transition, Vessels

    UK-based shipping consultancy Drewry expects half of the vessels ordered after 2025 to have dual-fuel engines, with a large percentage using methanol as marine fuel. Methanol is viewed as a good replacement for traditional marine fuels due to its potential to reduce GHG emissions since it doesn’t contain NOx and Sulfur and PM emissions are […]

  • DCA Supports Full Utilization of Harbor Maintenance Trust Fund

    23 October 2019
    Business & Finance

    The U.S. House of Representatives is set to consider H.R. 2440, Full Utilization of the Harbor Maintenance Trust Fund bill on Monday October 28, 2019. As reported by the Dredging Contractors of America (DCA), the bill may be presented in the House under “suspension of the rules.” “We strongly support the Full Utilization of the […]

  • Hapag-Lloyd to deploy first dual-fuel 23,500+ TEU ships in 2023

    8 February 2022
    Business Developments & Projects, Infrastructure, Market Outlooks, Outlook & Strategy, Vessels

    German container shipping company Hapag-Lloyd plans to deploy the first of its twelve new 23,500+ TEU vessels in 2023, Lutz-Michael Dyck, Senior Director Strategic Asset Projects at Hapag-Lloyd, confirmed.

  • Seanergy Maritime unveils new sustainability-linked loan

    27 October 2021
    Business & Finance, Business Developments & Projects, Environment, Outlook & Strategy, Regulation & Policy, Transition

    Greek shipowner Seanergy Maritime Holdings Corp. has secured a sustainability-linked loan facility to finance part of the acquisition cost of the M/V Worldship, a 181,400 dwt bulker.

  • New Orleans Projects Receive Top Honors at ACEC (USA)

    20 April 2012

    Two U.S. Army Corps of Engineers, New Orleans District projects took top honors at the American Council of Engineering Companies (ACEC) awards program in Washington, D.C. The Inner Harbor Navigation Canal (IHNC) Surge Barrier project won the esteemed “Grand Conceptor Award” for the most outstanding engineering achievement. The IHNC Surge Barrier project was also distinguished […]

  • CCS grants AiP for world’s 1st VLGC with carbon capture system

    28 March 2023
    Certification & Classification, Vessels

    China Classification Society (CCS) has issued approval in principle (AiP) to Jiangnan Shipbuilding (Group) for a new low-carbon emission very large gas carrier (VLGC) equipped with a carbon capture (CCUS) system.

  • South America to stay ‘key region for high-impact exploration’, Westwood says in 2023 outlook

    12 January 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Market Outlooks, Outlook & Strategy, Project & Tenders

    High-impact well numbers in 2023 are expected to be in line with 2020-2022, with 75-85 high-impact wells currently anticipated to complete this year, energy market research and consultancy firm Westwood reports, explaining that this is due to higher oil prices not having fed through into more exploration. South America is set to continue to be […]

  • USA: Top Honors for Army Corps New Orleans District Projects

    26 April 2012

    Two U.S. Army Corps of Engineers New Orleans District projects took top honors at the American Council of Engineering Companies (ACEC) awards program in Washington, D.C., Apirl 18, 2012. The Inner Harbor Navigation Canal (IHNC) Surge Barrier project won the esteemed “Grand Conceptor Award” for the most outstanding engineering achievement. The IHNC Surge Barrier project […]

  • Mid-Breton Contractor Selected

    9 April 2019
    Business & Finance, Project & Tenders

    Louisiana’s Coastal Protection and Restoration Authority (CPRA) selected the Louisiana Diversion Company (LDC) to provide Construction Management At-Risk (CMAR) services for the Mid-Breton Sediment Diversion Project, the agency announced Monday. The CMAR model integrates the construction contractor during the early design phase of the project to obtain input on cost, scheduling and constructability, a process that […]

  • Bay of Fundy research to shed more light on fish and tidal turbines interaction

    29 December 2022
    Business Developments & Projects, Collaboration, Environment, Outlook & Strategy, Regulation & Policy, Research & Development

    Some of the Bay of Fundy’s most exciting research continued this year in a large, collaborative effort to better understand how fish move through the Minas Passage and calculate the risk that they may encounter a tidal energy device.

  • Talos books Seadrill rig for deepwater Tornado well

    6 May 2021
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Vessels

    Talos Energy has hired a drillship from Seadrill to drill an infill well on the Tornado field located in the U.S. Gulf of Mexico.

  • Waikato Regional Council, TCDC to Manage Coastal Hazard Risks

    29 July 2014
    Business & Finance, Equipment, Technology

    Waikato Regional Council said it is committed to working closely with Thames-Coromandel District Council (TCDC) and local communities to manage coastal hazard risks, such as erosion and flooding, in the face of any increased sea level and climate change pressures. The comment follows the release of a statement from TCDC focusing on the need to […]

  • Hydrogen – the coolest thing you can put on a ship

    16 June 2021
    Business & Finance, Environment, Market Outlooks, Outlook & Strategy, Research & Development, Transition, Vessels

    Hydrogen (LH2), be it blue, or green, is at the heart of the energy transition talks taking place around the globe, especially as major economies of the world pledge to become net-zero nations. Building up the hydrogen society has been a hot potato for decades and the switch from coal, fossil fuels, and nuclear power […]

  • Greenpeace reports: Gas industry pushing US and Europe into hazardous LNG contracts

    27 April 2023
    Environment, Market Outlooks, Outlook & Strategy, Regulation & Policy

    Campaigning organisation Greenpeace has warned that gas companies are driving government policies that lock the US and Europe into hazardous new liquefied gas (LNG) commitments. In its latest investigation report “Who profits from war – How gas corporations capitalise from war in Ukraine,” Greenpeace said that public investments into private operators, such as Fluxys in […]