Search results for: Frontline

333 results

A list of search results

  • 3 June 2015

    Bob Dudley, CEO of British Petroleum was at the World Gas Conference in Paris yesterday where he delivered a speech, predicting that natural gas, the fastest growing fossil fuel, will surpass oil in becoming world’s number one fuel during this century. He spoke about gas through three ‘S’s – sufficiency, security and sustainability, saying that gas provides […]

  • 28 May 2015
    Business & Finance

    The Board of Directors of Archer Limited, a supplier of drilling and well services, has informed that its Director, Cecilie Fredriksen, has resigned with immediate effect. The company appointed Alf Ragnar Løvdal, Orjan Svanevik and Harald Thorstein as Directors to fill vacant positions. Løvdal Løvdal is Chief Executive Officer of North Atlantic Drilling Limited since January […]

  • 6 May 2015
    Business & Finance

    Owner and operator of very large gas carriers Avance Gas said that its newbuilds VLGC Breeze and VLGC Monsoon are to join the company’s fleet by the end of May when their respective refitting should be completed. The company decided to drydock the two vessels having found technical defects on the newly built ships. According to […]

  • 28 April 2015
    Business & Finance, Operations & Maintenance

    Tidal Lagoon Power, the developer behind Swansea Bay tidal project, has appointed Andrew McNaughton as Director of Engineering and Construction. McNaughton will be tasked to oversee the technical development of Swansea Bay tidal lagoon, and to bring it to operational service. He has served as a Vice President of the Institution of Civil Engineers, is […]

  • 28 April 2015
    Business & Finance

    The company developing Swansea Bay tidal project, Tidal Lagoon Power, has appointed Andrew McNaughton as a new Director of Engineering and Construction. In his new role, McNaughton will be responsible for delivering major infrastructure asset into operational service. He held a range of executive positions at Balfour Beatty, including Chief Operating Officer and latterly Chief Executive […]

  • 28 April 2015
    Business & Finance

    Andrew McNaughton is joining Tidal Lagoon Power as Director of Engineering and Construction and will oversee the technical development of Swansea Bay Tidal Lagoon. Andrew brings 30 years experience of delivering major infrastructure in the UK and overseas.  As both a project manager and an executive officer he has been responsible for many of the country’s […]

  • 23 January 2015
    Business & Finance

    Dry bulk shipping company Knightsbridge Shipping Limited has filed a registration statement to issue USD 506.9 million-worth of shares in connection with the proposed merger with Golden Ocean Group Ltd. Dry bulk shipping companies Golden Ocean Group Limited and Knightsbridge Shipping Limited agreed to merge, with Knightsbridge as the surviving legal entity in early October last year. […]

  • 15 January 2015
    Business & Finance

    The newbuilding market for the second week of January, 2015  has seen some signs of recovery especially in the tanker market, according to Bulkers Shipbroking Co. The week was marked with five newbuilding orders, all placed with Asian shipbuilders. Demand  for construction of tankers was prevalent, with orders for up to 10 units. Scorpio placed an […]

  • 9 January 2015
    Equipment

    Claxton, an Acteon company, has installed more than 5000 conductor guide centralizers, making the company the market leader for conductor centralizer installation in the North Sea and beyond. Conductor centralizers form the interface between the platform jacket and well conductor, assuring vital conductor integrity. Having supplied a range of conductor and structural centralizers to major […]

  • 9 January 2015
    Equipment

    Claxton, an Acteon company, has marked a milestone by installing more than 5000 conductor guide centralizers. Conductor centralizers form the interface between the platform jacket and well conductor, assuring vital conductor integrity. The company reports it supplied a range of conductor and structural centralizers to major operators since 1992. A recent major project using Claxton’s […]

  • 2 December 2014
    Business & Finance

    The newbuilding market saw four orders for 208k Newcastlemax at New Yangzijiang placed last week by German shipping company H.Vogemann, Clarkson reported in its Hellas Weekly S&P Bulletin. The first two vessels are slated for delivery in the end of 2016, with the remaining two scheduled for the first half of 2017. The order is […]

  • 23 October 2014
    Business & Finance

    Five major helicopter operators have officially announced a new industry association – HeliOffshore – for organisations with an interest in working together on safety in offshore helicopter transport. The new association was introduced at a launch event at its offices in London. Founded by five major helicopter operators, HeliOffshore will use cross-industry cooperation as a […]

  • 20 October 2014
    Business & Finance, Equipment

    eVision has announced the next step in its partnership with Heerema as Permit Vision goes live on the Thialf, the largest crane vessel in the world. Permit Vision allows Thialf management direct insight in and control of frontline operational risk, which is absolutely crucial to such a large installation, the company said in the release. The […]

  • 20 October 2014
    Business & Finance, Equipment

    eVision announces that today Permit Vision goes live on the Heerema’s Thialf, the largest crane vessel in the world. Permit Vision allows Thialf management direct insight in and control of frontline operational risk, which is absolutely crucial to such a large installation. The implementation of Permit Vision on this unique ship marks a milestone for eVision, […]

  • 20 October 2014
    Technology

    eVision Industry Software  has taken the next step in its partnership with Heerema. Today, Permit Vision goes live on the Thialf, the largest crane vessel in the world. Permit Vision allows Thialf management direct insight in and control of frontline operational risk, which is absolutely crucial to such a large installation. The implementation of Permit Vision on […]

  • 20 October 2014
    Technology

    eVision Industry Software  has taken the next step in its partnership with Heerema. Today, Permit Vision goes live on the Thialf, the largest crane vessel in the world. Permit Vision allows Thialf management direct insight in and control of frontline operational risk, which is absolutely crucial to such a large installation. The implementation of Permit Vision on […]

  • 17 October 2014
    Business & Finance

    VLCC earnings are up 80% for the third quarter compared with the third quarter last year, Antwerp-based tanker company Euronav said in its third quarter results for 2014. The company said that the outlook for the seasonally stronger fourth quarter is looking stronger than in the last four years as “the fleet growth is minimal and […]

  • 10 October 2014
    Business & Finance

    The fire-stricken hull 1074 under construction at Jiangnan Shipyard in China is scheduled for delivery in November 2014, Norway-based gas shipping company Avance Gas Holding Ltd said in unaudited results for the third fiscal quarter ended on 31 August, 2014. This corresponds to a 30-day delay as a result of the fire reported on 9 April […]

  • 1 October 2014
    Business & Finance

    Frontline Management (Bermuda) Ltd., and Cyprus-based Tankers International LLC (TI) have started a new company named VLCC Chartering Ltd., pooling together their respective VLCC fleets in an effort to enhance flexibility and provide cargo owners with more options. The companies also hope that the new joint venture will enable them to to reduce voyage related expenses and thereby […]

  • 19 September 2014
    Business & Finance

    Seadrill Limited, a Norwegian offshore drilling contractor, has announced today that Tor Olav Trøim has decided not to stand for re-election to the Board of Directors in order to focus his efforts on developing Golar LNG. The Board thanked Trøim “for his many years of service and role in developing Seadrill into the world’s leading offshore […]

  • 17 September 2014
    Business & Finance

    Knightsbridge Tankers Limited has completed the first stage of its previously announced shares for vessels transaction with Frontline 2012 Ltd. Knightsbridge has issued 31 million shares in exchange for 11 Cape size bulk carrier newbuildings, and two Newcastlemax newbuildings. Back in April 2014, Knightsbridge Tankers and Frontline 2012 agreed to combine Frontline 2012’s remaining fleet of 25 vessels […]

  • 16 July 2014
    Business & Finance

    Bermuda-based oil shipper Windsor Petroleum Transport (WPT) Corporation, a subsidiary of Frontline ltd, has filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court in Wilmington, Delaware. The company, which operates four very large crude carriers (Pioneer, Progress, British Pride and British Purpose), recorded a debt of over […]

  • 3 July 2014
    Business & Finance, Equipment, Operations & Maintenance

    The Great Barrier Reef and its amazing inhabitants will be better protected for Queenslanders and tourists to enjoy thanks to the launch of a new $5 million vessel, the ‘Reef Ranger’. The 24-metre aluminium catamaran, jointly funded by the Queensland and Australian governments, was named and launched by Queensland National Parks Minister Steve Dickson and […]

  • 24 June 2014
    Business & Finance

    New South Wales’ ambitious infrastructure program is running at unprecedented levels as the government works to rebuild the State.  Funding for this program is primarily secured from the State Budget, which has been refocused to sustainably support the Government’s infrastructure commitments and improve frontline services, while maintaining NSW’s triple-A credit rating. The State-funded infrastructure program […]

  • 17 June 2014
    Business & Finance

    Environment, Food and Rural Affairs Committee has published its report into the winter floods of 2013-14 as HC 240, First Report of Session 2014-15. The Government must not neglect maintenance of flood defences and watercourses if homes, businesses and farmland are to gain better protection against future flooding risk, warn MPs today in a report […]