10000 results found for 'Kraken'

10000 results found for 'Kraken'
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  • Bondholders take control of Xcite’s Bentley field for $1

    5 July 2017

    After months of talks with various potential buyers, joint liquidators have sold the assets of Xcite Energy Limited, including the company’s Bentley field, one of the largest undeveloped fields in the UK North Sea for $1 (one dollar). As previously reported, the joint liquidators were appointed in late 2016, after Xcite failed to pay $152 […]

  • DONG Energy Announces Completion of Installation of Transition Pieces for Walney 2 Offshore Wind Farm (UK)

    22 August 2011
    Research & Development

    The first transition piece for Walney 2 was placed on 16 April. Less than four months later, all 51 transition pieces have been installed. On the night of 5 to 6 August, the last TP was installed, and Goliath has now demobilised and left the site. 43 turbines installed in Walney 2 and 19 array […]

  • Subsea Tech Helps in HMS Erebus Search

    20 October 2014
    Business & Finance, Equipment, Operations & Maintenance, Research & Development

    Early in September, a team of Canadian underwater archaeologists discovered the wreck of the HMS Erebus in the eastern stretches of the Queen Maud Gulf off the coast of Canada. As part of the search, the team used an array of state-of-the-art technology, including advanced sonar devices, remotely operated vehicles and autonomous underwater vehicles, to […]

  • BP unlocking more US oil & gas with go-ahead for $5 billion Gulf of America project

    29 September 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    BP has decided to move forward with its second production platform in the Gulf of America (the U.S. Gulf of Mexico) in less than two years to augment its upstream business by making a final investment decision (FID) for one of the eight to ten major projects expected to start up globally between 2028 and 2030.

  • EnQuest cuts 2015 capex

    23 January 2015
    Business & Finance, Project & Tenders

    EnQuest, an independent oil and gas exploration and production company has said it will slash its 2015 capital investments. Back in November 2014, EnQuest said the indicative level for capital investment for the North Sea in 2015 was expected to be in the range of $700 million to $800 million, with an additional amount for international […]

  • Gardline Bags £6M Deal from ScottishPower Renewables

    4 August 2017
    Business & Finance, Operations & Maintenance, Project & Tenders

    Gardline has been awarded contracts worth over £6 million by ScottishPower Renewables to carry out a range of pre-construction surveys across the East Anglia ONE, ONE North and TWO offshore wind farm sites. The work is underway, and is due to run until September, with support from various vessels from Gardline’s fleet. Seajacks has also […]

  • British firm gets its hands on partial stake in giant undeveloped North Sea oil field

    7 March 2024
    Business & Finance, Business Developments & Projects, Exploration & Production

    Viaro Energy has received regulatory approval related to the acquisition of a partial interest in a huge undeveloped oil field on the UKCS.

  • EnQuest’s Thistle, Heather platforms still shut. Production to resume in 2020

    21 November 2019

    UK North Sea operator EnQuest has said that its Thistle and Heather platforms are still shut, and are expected to resume production in the first half of 2020.

  • Ireland: Licence Option Area to Include Mapped Marlin Extension Awarded

    24 September 2010

    Providence Resources P.l.c., the Irish oil and gas exploration and production company, whose shares are listed in London  and Dublin ,  provides a technical update on Licensing Option 10/01 in the North Celtic Sea Basin, offshore Ireland which contains the Baltimore heavy oil discovery. Providence (60%) operates the Licensing Option on behalf of its partner […]

  • ScottishPower Renewables Awards Offshore Wind Contracts to Seajacks and Gardline

    3 August 2017

    ScottishPower Renewables has awarded major contracts to two Great Yarmouth based companies, Seajacks and Gardline, for work on their global pipeline of offshore wind farms.

  • Maersk’s methanol fleet enriched by latest dual-fuel containership

    19 September 2025
    Business Developments & Projects, Vessels

    Denmark-based container shipping giant A.P. Moller – Maersk has taken delivery of the third methanol dual-fuel boxship in a series of six being built at a yard in South Korea. According to a social media post, Maersk welcomed the latest 17,480 TEU unit in mid-September, following an official christening ceremony. The vessel, which was constructed […]

  • Cairn becoming operator of five Deltic’s North Sea gas licences

    8 November 2021
    Authorities & Government, Business & Finance, Business Developments & Projects, Collaboration, Exploration & Production

    Deltic Energy has completed the farm-out agreement of five of its gas licences in the Southern North Sea with Cairn Energy.

  • Bumi Armada Lays Foundation for Future Growth in 2014

    19 February 2014
    Business & Finance, Operations & Maintenance

    Malaysia-based international offshore oilfield services provider Bumi Armada Berhad released its financial results for the year ended 31 December 2013. Net profit for the year increased by RM45.4 million to RM431.2 million from the RM385.8 million recorded in the previous year. Bumi Armada also posted revenue of RM2.1 billion, an increase of 24.9% from the […]

  • Bumi Armada Reveals Financial Results for 2013

    19 February 2014
    Business & Finance

    Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad, announced today, its financial results for the year ended 31 December 2013. Net profit for the year increased by RM45.4 million to RM431.2 million from the RM385.8 million recorded in the previous year. Bumi Armada also posted revenue of RM2.1 billion, an increase of 24.9% from […]

  • Canada: COVE Signs Up First Tenants

    4 May 2018
    Business & Finance, Equipment, Research & Development

    Ocean innovators in Canada will soon have a new place to work and collaborate, with the Centre for Ocean Ventures and Entrepreneurship, known as COVE, set to open this spring. Five companies have signed tenant agreements for the new ocean hub located on the former Coast Guard site on the Dartmouth waterfront. Taylor Widrig, Halifax, […]

  • New Bentley field owner by June end?

    8 June 2017

    Xcite Energy’s Bentley field in the UK North Sea could have a new owner by the end of June. This is according to FTI Consulting which has been appointed liquidator of the company after Xcite failed to raise funds for debt payment. The company, the operator of the undeveloped Bentley field in the UK North Sea, […]

  • Cairn to exit Norway following Norwegian unit disposal

    27 November 2019
    Business & Finance

    Cairn Energy has entered into an agreement to dispose of the entire share capital of Capricorn Norge, the company’s wholly owned subsidiary in Norway.

  • North Sea player doubles its interest in Catcher field

    24 March 2022
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Waldorf is buying the entire UK business of Hungary’s MOL, which will see it double its staek in the North Sea’s Greater Catcher Area.

  • Chinese players sign strategic pact to ‘advance’ specialty materials for ammonia-fuelled vessels

    10 September 2025
    Business Developments & Projects, Collaboration, Environment, Research & Development, Safety, Transition

    Hong Kong-headquartered Luda Technology Group has signed a series of strategic cooperation agreements with several Chinese shipbuilding titans to jointly conduct the research and development (R&D) and manufacturing of specialty-material flanges and pipe fittings for ammonia-fueled vessels. Specifically, Luda Technology Group’s arm Luda (Taian) Industrial Company has shaken hands with major vessel construction players, including […]

  • Bumi Armada highlights importance of its FPSO business

    19 February 2014

    Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad, today reported its net profit for the full year 2013 increased by RM45.4 million to RM431.2 million from the RM385.8 million recorded in the previous year. Bumi Armada also posted revenue of RM2.1 billion, an increase of 24.9% from the year before, while EBITDA for the year rose to RM1.0 […]

  • Japanese shipowner buys into wind-assisted propulsion developer Econowind

    17 September 2025
    Business & Finance, Business Developments & Projects, Outlook & Strategy, Technology, Transition

    Amid the shipping industry’s growing interest in fuel-neutral technologies, Japanese shipowner Nissen Kaiun has taken a stake in Dutch wind-assisted propulsion system developer Econowind.

  • North Sea firm to reinforce energy security by buying ‘one of the largest undeveloped fields in the UK North Sea’

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

    Waldorf Production has inked a deal to buy the entire share capital of Alpha Petroleum from Shorelight Partners to bolster energy security.

  • Bumi Armada’s Net Profit Remains Strong

    26 May 2014
    Business & Finance

    Bumi Armada Berhad, the Malaysia-based international offshore oilfield services provider, has announced revenue and net profit of RM468.9 million and RM64.8 million respectively for the first quarter ended 31 March 2014. Bumi Armada recorded EBITDA of RM223 million for the quarter which represented an EBITDA margin of 47.5%. Cashflow from operations increased by 122% y-o-y […]

  • Trio complete: Langh Ship receives last green feeder vessel from PaxOcean

    16 September 2025
    Business Developments & Projects, Vessels

    Finland-based maritime transport company Langh Ship has taken delivery of the third and final unit in a series of eco-friendly container feeder ships built by the PaxOcean shipyard in Zhoushan, China. According to both of the companies, a naming ceremony for the vessel was held on September 12, whereupon the newbuild was officially christened as […]

  • Bumi Armada 1Q profit falls 41 pct

    26 May 2014
    Business & Finance

    Bumi Armada Berhad, the Malaysia-based international offshore oilfield services provider, reported revenue and net profit of RM468.9 million ($146 million) and RM64.8 million ($20.2 million) respectively for the first quarter ended 31 March 2014. Net profit was down 40.9% compared to RM109.7 million earned in the corresponding period in 2013, while revenue dropped 4.1%, compared to […]