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  • 4 November 2011
    Business & Finance

      The Board of Directors of DONG Energy has today approved the interim financial report for the first nine months of 2011 with the following outlook and key performance indicators compared with the first nine months of 2010: EBITDA was DKK 11.7 billion, up from DKK 10.6 billion in the first nine months of 2010, […]

  • 7 November 2017

    Brazilian federal court has suspended the order which prevented Petrobras from selling stakes in two offshore field to French Total in a deal worth $2.2 billion. Petrobras can now move forward with the sale originally announced in March 2017. As part of the agreement between the two companies, Total will buy from Petrobras a 22.5% […]

  • 8 June 2011
    Business & Finance

    Australian energy company WHL Energy Limited welcomes the Seychelles Petroleum Company Limited (“SEYPEC”), 100% owned by the Republic of Seychelles Government, as a strategic cornerstone shareholder following settlement of the transaction announced to the market on 23 May 2011. SEYPEC has invested A$2,080,000 in WHL Energy to acquire 65 million WHL Energy ordinary shares at […]

  • 16 November 2017
    Business & Finance

    Louisiana Governor John Bel Edwards yesterday announced that Louisiana’s Coastal Protection and Restoration Authority (CPRA) has received $2.2 million from the National Fish and Wildlife Foundation (NFWF) Board of Directors to be used toward the completion of the East Timbalier Island Project design. “This is another significant step to help advance this important project as part of […]

  • 9 July 2014

    ONGC Videsh, a unit of ONGC, has priced US$ 1.5 billion and Euro 525 million unsecured bonds in the international capital markets (bonds). These bonds are guaranteed by ONGC. The Reg S bonds will be issued in dual currency with two tranches of US$ 750 million each for 5-year and 10-year tenors respectively, and one tranche […]

  • 27 September 2019
    Business & Finance

    The company has also sold a 2004-built medium range tanker.

  • 3 October 2017
    Business & Finance

    2H Offshore, a riser and conductor specialists in subsea services group Acteon, has announced the appointment of flexible riser expert Christian Wiebe. 2H Offshore said that Wiebe would be working in the company’s Perth office in Australia. He will be responsible for developing the flexible riser business in Perth and providing his expertise to 2H’s […]

  • 6 April 2015

    The Philippine Coast Guard (PCG) detained the passenger ship Trishia Kerstin 2 for the second time in nine days after boxes of illegally imported cigarettes were once again found abandoned and scattered onboard the ship. About PHP 80,000 (USD 1,800) worth of imported cigarettes were found April 4, inside boxes marked “Irene.” On March 27, a […]

  • 26 July 2013
    Business & Finance

    The Africa Dry Bulk Conference 2013, is scheduled to be held from 7-8 October in Dar es Salaam, Tanzania. This event will address the industry’s pressing demand for operational efficiency, proper terminal management, planning and execution in handling Africa’s growing dry bulk cargo and trade. Given the robust growth of Africa’s commodities production & more […]

  • 24 August 2017
    Exploration & Production

    Prosafe, an Oslo-listed owner of accommodation rigs also known as flotels, sank to a loss during the second quarter of 2017 as its revenues nearly halved due to lower utilization and chopped dayrates.  In its report on Wednesday, Prosafe posted a net loss for the second quarter 2017 of $33 million compared to a profit […]

  • 20 July 2015

    Halliburton Company, one of the world’s largest providers of products and services to the energy industry, has announced in its second quarter 2015 results that its net income dipped to $53 million in the second quarter from $775 million a year earlier.  The company said that its income from continuing operations for the second quarter of 2015 was $380 […]

  • 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 […]

  • 3 August 2017
    Business & Finance

    Danish carrier of refined oil products Torm is resuming its shopping spree with a purchase of two high-specification MR resale vessels. The two 50,000 DWT vessels are currently under construction at the Korean yard Hyundai Mipo and will be delivered to Torm later this quarter, the company said. The product tanker company added it already […]

  • 12 April 2018

    Finnish authorities have approved the construction and use of the Nord Stream 2 gas pipeline through the country’s waters. This was the second of two permits required to construct and operate the planned Russia-built pipeline in the Finnish Exclusive Economic Zone (EEZ), completing the permitting procedure in Finland, the pipeline operator said in a statement on Thursday. […]

  • 5 December 2014

    The European Court of Human Rights has ordered France to pay compensation to Somali pirates worth thousands of euros for failing to present “promptly” the accused men before a judge upon their arrival to the country. The 48-hour delay was deemed by the Court as violation of the European Convention of Human Rights. The case concerns nine […]

  • 7 December 2016
    Business & Finance

    Singapore-based container shipping company APL, part of CMA CGM, plans to launch the New Zealand Express II (NZ2) service, starting from late December. The new weekly service, linking New Zealand and North Asian ports, is said to complement the company’s New Zealand Express (NZE) service. With the launch of the NZ2 service, APL said it will […]

  • 11 July 2016
    Business & Finance, Equipment, Project & Tenders

    Nord Stream 2, a consortium set to build the second Nord Stream pipeline in the Baltic between Russia and the EU, completed its international tender process for the concrete weight coating and storing of pipes for the construction of the Nord Stream 2 pipeline. According to a statement issued on Friday, July 8, the supplier […]

  • 17 May 2017

    2H Offshore, a riser and conductor specialists in subsea services group Acteon, has launched the STREAM (STeel Riser Enhanced Analytics using Measurements) joint industry project (JIP). 2H Offshore said that the JIP will see 2H Offshore work with operators to “find efficiencies” for the industry. The company further stated that STREAM aims to provide a measurement-based […]

  • 29 January 2016

    The Sakhalin-2 project is reportedly experiencing production problems at its 9.6 mtpa LNG export facility located on Sakhalin Island, in Russia’s Far East region. A technical “glitch” occurred on January 26 at a gas compressor and the plant is evaluating the impact of the accident on production and exports, Reuters said in a report. However, ICIS […]

  • 1 October 2019

    U.S. energy company AES Corporation has been granted approval by the Government of Vietnam to develop a 2.2 GW combined cycle gas turbine (CCGT) power plant.

  • 10 August 2017
    Business & Finance

    The Baker-Polito Administration yesterday announced more than $2.2 million in funding to support local efforts to increase community preparedness and resilience to coastal storm and climate change impacts, including storm surges, flooding, erosion and rising sea levels, the Commonwealth of Massachusetts informs. These grants were provided by the Executive Office of Energy and Environmental Affairs’ […]

  • 17 July 2017
    Business & Finance

    The UK-based Peel Ports Group has launched the second phase of its expansion programme at Liverpool2, dubbed one of the world’s most modern shipping terminals. The company, which is the owner of the Port of Liverpool, is to invest in equipment and port infrastructure works to expand the terminal and introduce new port technology solutions. This latest […]