Search results for: race bank

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  • Green energy transition: vital role of the oil & gas industry in achieving net-zero by 2050

    4 August 2020
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Market Outlooks, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition

    A green energy transition will require the industry to make real progress in reducing its carbon footprint.

  • CEC: Three Long-Term Members Step Down

    20 December 2013

    In their October meeting last year, CEDA’s Environment Commission (CEC) said goodbye to three of its very active members. They are stepping down form the Commission due to their approaching retirements from their day jobs. We have enjoyed working with them very much and therefore would like to pay tribute to their great work for […]

  • Pacific Drilling improves in first quarter but expects challenging times ahead

    8 May 2020
    Business & Finance, Business Developments & Projects

    Despite posting a loss in the first quarter of the year, offshore drilling contractor Pacific Drilling has had an overall better first quarter than the one in the year prior, but the company is preparing itself for ‘challenging times’ ahead.

  • Canadian project ditches LNG for hydrogen production

    29 March 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Outlook & Strategy, Regulation & Policy, Transition

    While several Canadian LNG projects are progressing with environmental permits and construction milestones, a Nova Scotia-registered company has decided to stop advancing an LNG project on the Strait of Canso and proposed constructing and operating a green hydrogen and ammonia facility instead. Bear Head Energy (BHE), an owner of the previously approved Bear Head LNG […]

  • 2050 starts in 2020, and it starts with offshore wind and green hydrogen

    8 October 2020
    Outlook & Strategy, Transition, Vision

    Humankind achieved its first interstellar flight in 2063 with a spacecraft powered by a warp drive, based on a matter-antimatter system fuelled by deuterium, a hydrogen isotope, and its antimatter equivalent. This is according to Star Trek, a series famous for featuring several things we might take for granted today back in the seventies and […]

  • As calls for more UK-produced energy lock horns with outcries to ban new oil & gas, all roads lead to renewables

    7 June 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Project & Tenders, Regulation & Policy, Rules & Regulation, Transition

    Renewables are seen as the UK’s road to net-zero, but many feel this should be a gradual shift in investment rather than casting new oil & gas aside right away.

  • Carbon capture and storage projects and U.S. debt ceiling deal come under fire

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

    Earthjustice sees CCS as a lifeline that the fossil fuels industry can grab to extend the oil and gas industry’s reign on the energy throne.

  • USA: Scott Announces USD 35 M Commitment for Port Projects

    17 October 2013
    Business & Finance

    Governor Rick Scott announced a commitment of nearly $35 million for strategic port projects across Florida that will be recommended to the Legislature for the upcoming legislative session. The additional investments will be included in the Florida Department of Transportation’s (FDOT) Work Program. Governor Scott made the announcement at the American Association of Port Authority’s […]

  • New Milestone Reached in Reform of Contaminated Site Cleanup System (USA)

    8 May 2012

    Today marks a milestone in the state’s transition to a new, clear and streamlined approach to the cleanup of contaminated sites – the deadline for those responsible to clean up these sites to enroll in the Licensed Site Remediation Professional Program. The LSRP program more efficiently deals with cleanups, many of which have languished for […]

  • China: Xiangyu Dredging Posts 2011 Results

    26 March 2012

    Xiangyu Dredging Holdings Limited, the largest privately owned dredging company in China in terms of dredging volume in 2010, has announced the consolidated annual results of the Company and its subsidiaries (the “Group”) for the year ended 31 December 2011 (the “Reporting Period”). – Revenue of RMB 1,137 million, representing a year-on-year increase of 203% […]

  • Cameroon: Mbalam Project MOU with China Harbour Engineering Company Ltd

    14 September 2010

    China Harbour Engineering Company Ltd (“CHEC’’) and Sundance Resources Ltd (“Sundance”) are pleased to announce that they have entered into a Memorandum of Understanding (“MOU”) to establish the scope, cost and delivery programme for the proposed bulk materials port at Lolabe, Republic of Cameroon. The Port is needed to support Sundance’s Mbalam Project in Cameroon […]

  • LNG is no longer creating the buzz, ammonia is

    31 May 2021
    Environment, Equipment, Research & Development, Transition, Vessels

    Engine manufacturer MAN Energy Solutions is confident that it would meet its target of developing a commercially viable, ammonia-powered marine engine by 2024. The engine would be intended for large, ocean-going containerships

  • Controversial Bay du Nord oil project saga continues with court challenge

    1 February 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Outlook & Strategy, Project & Tenders, Regulation & Policy, Rules & Regulation, Transition

    Equinor has a court fight on its hands this week regarding the development of its controversial Bay du Nord offshore oil project located in Canada.

  • With two offshore blocks in the bag, Conrad looks forward to exploring ‘host of high-impact gas plays’

    6 January 2023
    Business & Finance, Business Developments & Projects, Collaboration, Exploration & Production, Outlook & Strategy, Project & Tenders

    Conrad Asia Energy has inked PSCs for two Indonesian blocks with existing gas resources and a multi-trillion cubic feet exploration potential.

  • Valaris rig getting ready for new Australian campaign

    20 July 2022
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Valaris has prepared one of its semi-submersible drilling rigs for a drilling campaign with Santos in waters offshore Australia.

  • BIMCO: 381 boxships ordered worldwide in 2021

    27 August 2021
    Business Developments & Projects, Infrastructure, Market Outlooks, Outlook & Strategy, Vessels

    Shipowners are enjoying a cash-rich period despite coronavirus challenges and continue investing in new vessels.

  • DNV GL: COVID-19 alone not enough to hit Paris climate goals

    1 July 2020
    Market Outlooks, Outlook & Strategy, Transition

    The coronavirus pandemic will have a dramatic impact on energy supply and demand in the short term and will have lasting impacts once the pandemic dissipates but on its own will not be enough to advance the world’s progress towards the Paris climate ambitions, classification society DNV GL said.

  • VIMS Helps Assess and Map Virginia’s Offshore Sand Resources

    3 June 2014
    Business & Finance, Equipment, Research & Development, Technology

    Hurricane Sandy’s passage up the eastern seaboard in October 2012 generated a storm surge and waves that severely impacted Virginia’s ocean beaches, including those at Sandbridge and Wallops Island. Now, with the official start of the 2014 Atlantic hurricane season on June 1 reminding the nation of its vulnerability to tropical cyclones, researchers at the […]

  • BIMCO: Three out of five converted VLOCs are no longer operating

    1 May 2020
    Vessels

    Converted Very Large Ore Carriers (VLOC) are increasingly becoming a thing of the past with the long-term freight contracts coming to an end as newer and more reliable ships replace them in the market. Since June 2017, 43% of the VLOC fleet has been sent to the scrapyards, while 18% of the fleet is idled […]

  • In focus: Net-zero future initiatives gathering momentum amid restrictions imposed by raging pandemic

    14 January 2022
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Environment, Market Outlooks, Outlook & Strategy, Project & Tenders, Research & Development, Transition, Vessels

    Building a sustainable future in a pandemic-ridden world is no easy feat as it brings out many challenges to the fore, however, the energy and maritime industries have shown a great determination to overcome such obstacles in their quest to accelerate decarbonisation and establish a more balanced, lower-carbon energy mix, paving the way towards the net-zero future.

  • Jack-up rig kicks off drilling campaign off Gabon

    9 January 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    BW Energy has spudded the first well in its multi-well drilling campaign offshore Gabon with a Borr Drilling-owned jack-up rig.

  • UN spearheading efforts to raise $80 million to prevent major oil spill off Yemen

    9 May 2022
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Outlook & Strategy, Project & Tenders, Regulation & Policy, Safety, Vessels

    The UN is working on raising the funds for the implementation of its plan to address a threat posed by an FSO unit off the Yemen coast.

  • Orion Marine Posts Second Quarter 2014 Results

    31 July 2014
    Business & Finance, Equipment, Technology

    Orion Marine Group Inc., a heavy civil marine contractor, today reported a net loss for the three months ended June 30, 2014, of $1.2 million ($0.04 diluted loss per share). These results compare to a net profit of $0.2 million ($0.01 diluted earnings per share) for the same period a year ago. “As we indicated, […]

  • Monthly Highlights of 2018

    2 January 2019

    Subsea World News has singled out the most interesting article from each month of 2018 that highlighted the subsea industry. In the Q1 2018, we saw Kreuz Subsea securing its largest deal in the company’s history. Subsea vessels were kept busy with DOF securing work for its vessels, and Saipem acquisition of Lewek Constellation vessel. […]

  • In focus: Global innovations and collaborations take the wheel of energy transition

    24 December 2021
    Business Developments & Projects, Carbon Capture Usage & Storage, Environment, Infrastructure, Innovation, Outlook & Strategy, Project & Tenders, Regulation & Policy, Research & Development, Storage, Technology, Transition, Vessels

    The direction of the global transition to clean energy is getting more refined each week, as more of the world’s energy majors start investing in innovation and collaboration to shift energy production away from GHG-heavy sources.