Search results for: DUG Geo

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  • 27 January 2017
    Exploration & Production

    With over 70 ultra deepwater floating rigs stacked and waiting for contracts and over 20 newbuilds sitting virtually complete at shipyards under deferred delivery agreements, offshore rig reactivation risk stands in the way of market recovery, writes David Carter Shinn, a partner at Bassoe Offshore, a Norwegian rig brokerage agency.   By David Carter Shinn The […]

  • 2 May 2011

      The Company is pleased to advise that the proposed share Placement Agreement (Placement Agreement) and Process Deed (Process Deed) and all other Transaction Documents with China Huanqiu Contracting & Engineering Corporation (HQCEC) are all materially completed and are expected to be executed in early May 2011. HQCEC is a wholly owned subsidiary of China […]

  • 31 January 2011

    Metgasco today announced activities report for the quarter ended December 31, 2010. Highlights – The drilling of the Harrier Multi-Lateral Pilot in the Eden Creek trend is expected to commence in February 2011. – Good progress on Metgasco’s basin wide CSG exploration program with drilling and testing completed on Thornbill E01, Thornbill E02 and South […]

  • 28 October 2019
    Project & Tenders

    Independent Oil and Gas (IOG) has now completed its farm-out transaction with CalEnergy Resources (CER) and taken a Final Investment Decision on Phase 1 of its Core Project located in the Southern North Sea.

  • 17 February 2020

    The daily cost of hiring a VLCC for 12 months has fallen by over 20% in the last month.

  • 12 November 2018

    On the North Sea alone hundreds of platforms and thousands of subsea wells need to be decommissioned. Not surprisingly operators and service providers preparing for this wave in decommissioning, focus very much on cost reductions.

  • 12 February 2015
    Business & Finance

    The latest 0.1% Sulphur Directive effective January 1 has left the shipping industry with three possible choices on how to respond to the latest fuel requirements within the Emission Control Areas (ECAs): switch to Low Sulphur Marine Gas Oils (LSMO), install SOx scrubbers, or convert to alternative marine fuels such as Liquified Natural Gas (LNG). According […]

  • 26 October 2012

    Project managers from ScottishPower Renewables met today with more than 90 potential suppliers in Dunstaffnage near Oban as the renewable energy company progresses with its plans to develop a tidal power array in The Sound of Islay, potentially the first of its kind in the world. ScottishPower Renewables was granted permission to install up to […]

  • 26 October 2012

    Project managers from ScottishPower Renewables met today with more than 90 potential suppliers in Dunstaffnage near Oban as the renewable energy company progresses with its plans to develop a tidal power array in The Sound of Islay, potentially the first of its kind in the world. ScottishPower Renewables was granted permission to install up to […]

  • 20 December 2011
    Authorities & Government

    Energy Minister Fergus Ewing has hailed 2011 as a ‘momentous’ and ‘ground breaking’ year for renewable energy in Scotland.The year to October 2011 saw a record breaking £750 million of investment in renewable energy in Scotland, and there is a pipeline of proposed projects with 17 gigawatts (GW) of generating capacity worth an estimated capital […]

  • 16 November 2011

    NRG Bluewater Wind President Peter Mandelstam used the proceeds from the 2001 sale of a wind project he built in Montana to found Bluewater Wind and focus on ocean wind. “I stopped doing on-land projects,” Mandelstam said, “because I could see the market was crowded, all the best sites were going to be taken up […]

  • 8 July 2014
    Business & Finance, Research & Development, Technology

    Marine Power Systems (MPS), a Swansea-based company that is developing revolutionary technology designed to capture the energy from ocean waves, has raised more than £1 million from a panel of local business angels and the Welsh Government. The company, co-founded by Swansea University graduates Dr Gareth Stockman and Dr Graham Foster in 2009, will use […]

  • 27 May 2014
    Research & Development

    Electricity will increasingly power the world’s economies in the 21st century, rivaling oil as the dominant energy carrier, according to a new report by the International Energy Agency (IEA). Actively managing this transformation is the only way to ensure that global energy security and climate goals are met economically, the report says. The report, Energy Technology Perspectives (ETP 2014), offers […]

  • 22 October 2015

    The article has been amended to include a statement by COTA ( 16:34 pm CET, October 22, 2015) Delivery of catering and ancillary services on rigs across the UK Continental Shelf could be stopped, as the workers employed by the offshore caterers are getting ready for an industrial action against their employers. The workers are […]

  • 7 June 2011
    Business & Finance

      The Danish government launches a new Danish strategy for measures against piracy The strategy follows up on the existing multi-facetted Danish efforts made and creates a coherent, multi-annual framework for the Danish measures against piracy. The strategy will run until 2014. The overall purpose of the Danish efforts is to contribute to making the […]

  • 6 July 2011

      Interview with Mr. Ralf Sempf, Head of Materials Management / Purchasing and Member of the Board of Management of Meyer Werft, Papenburg Meyer Werft has earned an outstanding reputation in cruise shipbuilding. Since entering this market in the 1980s, the yard has built 30 luxury ships for customers from all over the world. The […]

  • 7 February 2011
    Project & Tenders

      Pacific Northern Gas Ltd. announced today that it has agreed to sell its 50 percent interest in the Pacific Trail Pipelines Limited Partnership (PTP) for $50 million. The transaction has two parts, with the first payment consisting of $30 million that PNG will receive on closing and a second payment of $20 million which […]

  • 8 February 2012
    Business & Finance, Operations & Maintenance

    Statoil’s fourth quarter 2011 net operating income was NOK 60.7 billion, a 42% increase compared to NOK 42.8 billion in the fourth quarter of 2010. In 2011, net operating income was NOK 211.8 billion compared to NOK 137.3 billion in 2010. “Statoil delivered record financial results, further improved safety and made important strategic progress in […]

  • 4 October 2016
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    Subsea World News has gathered all the highlights to bring you a summarized version of the most popular articles from the previous month. The most attention from our industry readers was reserved for the recently launched company, Rovco. The Bristol-based firm, focused on underwater integrity, remotely operated vehicles (ROVs), surveying and subsea services has secured its first […]

  • 5 September 2014
    Business & Finance, Research & Development, Technology

    NASA is helping the U.S. Department of Energy (DOE) harness the power of the oceans by first harnessing the power of the crowd. Ocean waves hold a tremendous amount of energy that is almost entirely untapped, despite our ever-growing need for sustainable, non-polluting electricity. Part of the reason USA has not yet plugged into this potential […]

  • 9 July 2012
    Business & Finance

    On July 6, a little more than a year after a memorable groundbreaking ceremony was held for new construction at Austal’s Mobile, Alabama shipbuilding facility, over 120 distinguished guests joined Austal in celebrating the official opening of not one but three new buildings – Module Manufacturing Facility (MMF) Phase 2, Assembly Bay 5 and the […]

  • 10 October 2011

      Deepwater Wind this week officially submitted its plan to develop a utility-scale offshore wind farm off the coasts of Rhode Island and Massachusetts, in response to the U.S. Department of the Interior’s Bureau of Ocean Energy Management Regulation and Enforcement (BOEMRE)’s Call for Information and Nominations for offshore wind energy projects in the federal […]