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  • 19 November 2013
    Business & Finance

    Coastal Energy Company announced today that it has entered into a definitive merger agreement providing for the acquisition by Compañia Española de Petroleos, S.A.U. (“CEPSA”) of all of the issued and outstanding shares of Coastal at a price of C$19.00 per common share in cash. The purchase price represents a premium of 28% to the […]

  • 27 May 2016
    Authorities & Government, Business & Finance, Environment, Research & Development

    The UK Energy and Climate Change Secretary Amber Rudd will have additional two months to decide whether or not to give DONG Energy the approval to build the 1.8GW Hornsea Project Two wind farm after the deadline was extended to allow further examination on the project’s impact on marine life.  More specifically, the deadline was extended until 16 […]

  • 13 April 2020
    Project & Tenders

    The first Siemens Gamesa 8 MW turbine has been installed on the 752 MW Borssele 1+2 offshore wind farm in the Dutch North Sea. The team working on DEME’s jack-up Sea Challenger installed the wind farm’s first turbine over the weekend, Ørsted said. In total, the wind farm will comprise 94 of the Siemens Gamesa […]

  • 14 May 2020
    Project & Tenders

    The Northwester 2 offshore wind farm is fully operational, with all 23 MHI Vestas 9.5 MW turbines supplying power to the Belgian grid. Northwester 2 is the first to use the V164-9.5 MW turbines, the most powerful turbines to enter commercial operation to date, which now supply green energy via Elia’s Modular Offshore Grid (MOG). […]

  • 13 May 2019
    Ports & Logistics

    Russian largest independent gas producer and LNG player Novatek is aiming to take a final investment decision on its second giant liquefied natural gas project in the Arctic in the third quarter of this year, according to the company’s finance chief Mark Gyetvay.

  • 31 August 2016

    Russian shipping company Sovcomflot has expanded its presence in the Sakhalin-2 project, operated by Sakhalin Energy, a company owned by Gazprom, Shell, Mitsui and Mitsubishi.

  • 6 July 2015
    Business & Finance

    Twenty-seven workers of the Mombasa port were fired on Saturday as they are believed to had organized a crippling strike that shut down the port for two days last week, Reuters reports citing the port authority. The strike started on Wednesday and saw around 2,000 workers protest against higher health care costs. Namely, the government […]

  • 28 July 2017
    Business & Finance

    Houston-based oil and gas services company Weatherford tightened its net loss for the year’s 2Q while expecting medium-for-longer oil price level to remain for some time.  The company on Friday reported a net loss of $171 million, compared to $565 million loss in the second quarter of the prior year. On a non-GAAP basis, net loss was […]

  • 27 July 2017
    Business & Finance

    Ensco, one of the world’s largest drilling contractors, posted a $45.6 million net loss for the second quarter 2017, a steep drop compared to the $590.6 million profit in the same quarter a year ago. Revenues in the second quarter of 2017 were $458 million, compared to $910 million a year ago. Excluding $205 million of […]

  • 20 April 2016

    Austria’s Voestalpine has said it has secured a major contract supporting the construction of the the Gazprom-run Nord Stream 2 pipeline project between Europe and Russia. The Austrian company supplied 170,000 tonnes linepipe plates for the first part of the offshore gas pipeline in the Baltic Sea between 2008 and 2010. Under the new contract, the […]

  • 21 July 2016
    Business & Finance

    2H Offshore, an Acteon company, has appointed the company’s technical manager, Yann Helle, as its new managing director. The company said that Helle replaces Tim Eyles, who is moving to the role of vice president with the parent company Acteon. Helle will be responsible for the development of 2H globally, focusing on evolving and expanding […]

  • 18 August 2017
    Business & Finance

    Norwegian marine seismic data provider SeaBird Exploration sank from a profit to a loss during the second quarter of the year amid weak seismic market demand. SeaBird is in urgent need of capital, otherwise it might be facing liquidation. During what the company says was a challenging quarter, SeaBird recorded a loss of $11 million compared to […]

  • 28 July 2016
    Business & Finance

    French oilfield services provider Technip returned to profit during the second quarter 2016, after a loss in the prior-year quarter, despite a 9.2 percent drop in revenues.  Technip on Thursday reported a net income of €123.3 million ($136.9M) for the second quarter 2016, compared to a loss of €306.7 million ($340.4M) in 2Q 2015. The […]

  • 18 January 2016

    Polish president Andrzej Duda has expressed his disapproval of the plans to construct the Nord Stream 2 pipeline, that would carry more Russian gas to the EU. During his visit in Brussels on Monday, where he met with Donald Tusk, the President of the European Council, Duda said the Polish position with regards to the construction of […]

  • 25 July 2016
    Business & Finance

    Australian oil and gas producer Santos posted lower sales revenues for the second quarter of 2016, compared to the same period last year, and slashed its capex guidance for the year.  Santos said on Friday that the company’s sales revenues for the second quarter 2016 dropped by 3% to $590 million, compared to $611 million in […]

  • 9 July 2018
    Business & Finance

    Tallink Grupp transported 2.6 million passengers in the second quarter of 2018, up by 1.7 percent year over year.

  • 10 April 2017
    Authorities & Government, Business & Finance, Research & Development, Technology

    The MaRINET2 project has opened a call for applications for ocean energy developers to access a world-leading network of testing and research infrastructures across Europe free of charge.

  • 15 August 2018

    Nord Stream 2, the developer of a pipeline to supply Russian natural gas to the EU market through the Baltic Sea, received a permit for the installation of an underwater pipeline in the territorial sea of Russia.

  • 29 July 2016
    Business & Finance

    American energy company Chevron on Friday reported a loss of $1.5 billion for the second quarter 2016, compared with earnings of $571 million in the year-ago period.  Chevron said that included in the quarter were impairments and other non-cash charges totaling $2.8 billion, partially offset by gains on asset sales of $420 million. Foreign currency effects increased […]

  • 2 August 2017
    Exploration & Production

    U.S. offshore driller Rowan Companies sank to a loss during this year’s second quarter with its revenues nearly halved during the period.  The driller on Wednesday reported a net loss of $28.7 million for the second quarter of 2017 compared to net income of $216.7 million in the second quarter of 2016. The net loss for the current quarter […]

  • 18 December 2017

    Helix Energy Solutions has informed that the Siem Helix 2 has successfully completed the vessel acceptance process and is on contract offshore Brazil. The well intervention vessel will be performing well intervention services under a multi-year contract with Petrobras. Owen Kratz, President and Chief Executive Officer of Helix, stated: “Our team applied the lessons learned […]

  • 30 January 2020

    DEME Offshore’s jack-up vessel Innovation has installed 13 of the 94 monopile foundations on the 752MW Borssele 1&2 offshore wind farm in the Dutch North Sea, Ørsted said. Innovation is loading the monopiles and transition pieces at Sif’s Maasvlakte 2 facility before transporting and installing them at the site located some 22 kilometres off the […]