Search results for: race bank

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  • After wrapping up Tailwind acquisition, Serica ‘uniquely placed to prosper’

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

    Serica Energy has closed the acquisition of Tailwind, which has diversifying its portfolio with a new production hub while lifting the firm into the top ten UK producers.

  • UAE: DP World Announces 2010 Results

    23 March 2011
    Business & Finance

      DP World has delivered a positive and encouraging financial performance from its global portfolio of marine terminals, which reflect a stronger second half of the year as volume and revenue growth continued to improve on the first half of the year. This, coupled with continuing of cost management and improved terminal efficiencies, resulted in a return to EBITDA […]

  • Seafarer mental health crisis at a tipping point due to COVID-19 impact

    29 July 2020
    Human Capital, Safety, Vessels

     The seafarer community is in the midst of a mental health crisis due to the impacts of the COVID-19 pandemic on the seafarers’ welfare and that of their families, the latest edition of the Seafarers Happiness Index (SHI) published by the Mission to Seafarers shows. The SHI is a barometer of the key issues facing […]

  • England’s ‘Blue Belt’ Marine Conservation Zone Expands

    4 June 2019
    Research & Development

    UK Environment Secretary Michael Gove has created 41 new Marine Conservation Zones, marking the most significant expansion of England’s ‘Blue Belt’ of protected areas to date. Stretching from Cornwall to Northumberland, the new protections safeguard 12,000 square kilometres of marine habitat, an area almost eight times the size of Greater London. Today’s announcement follows the […]

  • UK government exploring reforms of its renewable energy auction scheme

    17 April 2023
    Authorities & Government, Business Developments & Projects, Equipment, Market Outlooks, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Technology, Transition, Vision

    The UK government is seeking views on introducing contracts for difference (CfD) reforms, which could reward applicants for including wider benefits their projects could bring when submitting price bids to government for their low-carbon electricity.

  • Bay du Nord oil project’s court saga draws to a close but will there be an encore?

    22 June 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Project & Tenders, Regulation & Policy, Transition

    Will this be the end of legal scrutiny and attempts to overturn the government’s approval for the giant $12-billion project?

  • Shipbuilding in dire straits: global ordering hit hard in H1 of 2020

    13 July 2020
    Business & Finance, Market Outlooks

    There has been a dramatic fall in the shipbuilding activity during the first half of 2020 as the COVID-19 pandemic curbed owners’ willingness to order new ships amid market uncertainties and restricted access to capital. Based on the data from VesselsValue, the number of ordered ships in the first half of 2020 has almost been […]

  • More oil producing assets for Canadian firm in Gulf of Thailand

    7 December 2022
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Regulation & Policy, Rules & Regulation

    Valeura Energy is extending its portfolio offshore Thailand, after entering into a sale and purchase agreement (SPA) with Mubadala Petroleum.

  • How is the transition to renewables faring in the midst of a global energy crisis?

    29 November 2022
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Environment, Exploration & Production, Market Outlooks, Outlook & Strategy, Project & Tenders, Regulation & Policy, Transition

    Westwood Global Energy has done a deep dive into the impact of the energy crisis on the energy transition to a sustainable, green future.

  • Subsea 7 sees highest order intake in last 9 years

    2 March 2023
    Business & Finance, Business Developments & Projects, Outlook & Strategy, Project & Tenders

    Subsea 7 has reported an order intake of over $7 billion for the full year of 2022, representing the highest order intake since 2013, with a backlog of over $9 billion, said to have resulted in high revenue visibility for 2024 and beyond. In 2022, Subsea 7 reported revenue of $5.1 billion, which is a […]

  • Port of Rotterdam ups the green transition tempo with new initiative

    5 December 2022
    Ports & Logistics, Project & Tenders

    The Port of Rotterdam has launched ‘Switch to Zero’ campaign to promote the usage of sustainable fuels and encourage the industry to make a concrete contribution to reducing carbon emissions.

  • First gas flows from BP’s ‘biggest offshore facility’ in Trinidad and Tobago

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

    BP’s subsidiary, bp Trinidad and Tobago (bpTT), has started production from its Cassia C development project offshore Trinidad and Tobago.

  • Yinson orders MAN technology for Brazil-bound FPSO

    7 July 2022
    Business & Finance, Business Developments & Projects, Environment, Equipment, Project & Tenders, Technology, Vessels

    MAN Energy Solutions has been hired by Yinson to supply a total of seven compressor trains for a new FPSO vessel off the coast of Brazil.

  • Offshore inspection of Murphy’s giant new platform ahead of first oil

    9 February 2022
    Authorities & Government, Business & Finance, Business Developments & Projects, Rules & Regulation, Safety, Vessels

    U.S. offshore safety and environmental enforcement agency has conducted an inspection of Murphy Oil’s King’s Quay platform.

  • USA: Los Angeles Harbor Commission Adopts Strategic Plan

    20 April 2012

    The Los Angeles Harbor Commission unanimously adopted a five-year strategic plan for the Port of Los Angeles for 2012- 2017. The plan focuses on three key result areas, or KRAs – competitive operations, strong relationships and financial strength. It maps out the Port’s priorities, objectives and various initiatives for developing infrastructure, enhancing overall competitiveness, growing […]

  • Union Jack Oil buys royalties from three North Sea fields

    16 March 2021
    Business & Finance, Business Developments & Projects

    Onshore-focused exploration and production company Union Jack Oil has acquired a royalty interest in revenues generated from three fields in the Central North Sea.

  • Norwegian court’s ruling in favour of Arctic drilling sparks outrage

    23 December 2020
    Authorities & Government, Business Developments & Projects, Exploration & Production, Rules & Regulation, Transition

    Norwegian Supreme Court has ruled against environmental groups and in favour of the government following a lawsuit claiming the government violated the people’s right to a healthy environment by issuing new exploration licences for Arctic drilling.

  • Part of Dawlish Warren Scheme Completed Ahead of Schedule

    3 July 2017
    Business & Finance, Project & Tenders

    The £14 million beach management scheme moves a step closer to completion in Devon, the Environment Agency reported a few minutes ago. According to the EA, around the clock dredging and recharge works at Dawlish Warren has paid off, with the completion of the recharge of the western end of the beach a month ahead of […]

  • Delaware Bay Wetlands Restored with Dredge Materials

    23 May 2016
    Business & Finance

    The Christie Administration recently announced the completion of the third in a series of pilot projects designed to gauge the effectiveness of beneficially reusing silt and sand dredged for navigation improvement projects to restore degraded salt marshes as protective buffers against severe storms, while enhancing habitat for wildlife. The latest project restored 10 acres of […]

  • Senators Warner and Kaine Praise Senate Passage of WRDA

    29 September 2016
    Business & Finance

    U.S. Senators Mark R. Warner and Tim Kaine have applauded Senate passage of the bipartisan Water Resources Development Act (WRDA), which authorizes $10.6 billion in water infrastructure projects across the nation. This bill makes investments in harbor dredging, maintenance of locks and dams, flood control, ecosystem restoration and other water-related priorities around the nation. Additionally, […]

  • Buzzing days at OEEC 2021

    28 October 2021

    After two days of doing business, networking, celebrating innovation, and making new connections and collaborations, the 14th edition of Offshore Energy Exhibition & Conference 2021 (OEEC) can look back to a fruitful and inspiring event. The event brought together over 350 exhibitors and 5.000 visitors at the Home of Energy Transition in the RAI Amsterdam. […]

  • GUPC Continues to Seek Solution for Panama Canal

    6 February 2014
    Business & Finance, Equipment, Technology

    The international consortium of leading infrastructure firms constructing the Panama Canal third set of locks expansion project continues to seek a solution for funding the completion of the project and completion of the works in 2015, even as the Autoridad del Canal de Panama (ACP) broke off negotiations, announced gupc.com.pa. The break in negotiations puts the […]

  • WATCH: Saipem’s recently named jack-up rig leaves shipyard ahead of new gig

    20 March 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Operations & Maintenance, Project & Tenders

    A 300-ft jack-up drilling rig built by CIMC Raffles has joined the fleet of Italy’s contractor Saipem, following a naming ceremony in China ahead of a five-year contract in the Middle East.

  • LH2 Europe CEO: Hydrogen bankability and financeability major challenges

    6 December 2022
    Business & Finance, Business Developments & Projects, Collaboration, Environment, Green Marine, Outlook & Strategy, Transition, Vessels, Vision

    “It is quite clear that liquid hydrogen is the cheapest option. It is much cheaper than ammonia when you look at the whole cycle of putting the hydrogen into the ammonia and taking the hydrogen out. If you can have liquid hydrogen which is stored without loss or very low loss, then liquid hydrogen is […]

  • UK firm flows first oil from North Sea field

    13 September 2022
    Business & Finance, Business Developments & Projects, Collaboration, Exploration & Production, Outlook & Strategy, Project & Tenders

    UK-based oil and gas company Tailwind Energy has started production from its field in the UK Central North Sea ahead of schedule.