10000 results found for 'Kraken'

10000 results found for 'Kraken'
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  • Subsea 7 Takes Delivery of Heavy Duty ORTs from Sonardyne

    26 June 2014
    Business & Finance, Equipment, Project & Tenders

    Subsea engineering, construction and installation company, Subsea 7, has taken delivery of a consignment of acoustic release transponders and accompanying heavy duty release frames from Sonardyne International Ltd. The Oceanographic Release Transponders (ORTs) will be used, up to 17 at a time, to assist with the installation of 20 structures being lowered to the seabed […]

  • Royal Navy Seeks New Technologies for Underwater Ops

    26 January 2018
    Research & Development

    The Royal Navy, in collaboration with the Defence and Security Accelerator (DASA), is looking for new technologies from industry to improve the ability of unmanned and autonomous systems to operate underwater. The call was made through the Maritime Enterprise Innovation Scotland Conference (MEISC) held at the University of Strathclyde in Glasgow. Two specific challenges were set: […]

  • Funds Secured for Paducah Flood Protection

    6 July 2017
    Business & Finance

    The U.S. Army Corps of Engineers will provide more than $19 million for critical repairs and upgrade of the City of Paducah flood protection system, reports U.S. Senator Mitch McConnell. At a news conference held two days ago at the Carson Center in Paducah, Senator McConnell announced significant federal funding for the rehabilitation of the city’s […]

  • AgileTek Expands Team

    8 February 2018
    Business & Finance, Equipment, Operations & Maintenance

    Subsea engineering analysis consultancy, AgileTek, has made two new appointments and a key promotion. Soo-hyeong Kim has joined the company as a graduate engineering analyst, alongside Andrew Olson, who has taken on the role of business development engineer. The company is also building on recent successes in the Asian market, after securing a major cable […]

  • Minesto Takes Delivery of Deep Green Gravity Base Structure

    1 February 2018
    Equipment

    Minesto has taken delivery of the gravity base structure foundation for its first commercial-scale installation of Deep Green technology. “With the delivery of the gravity base structure, we are making significant progress towards the first installation in Holyhead Deep,” said David Collier, COO of Minesto. “Preparations for offshore testing is in it final stages and […]

  • Nord Stream 2 Gets Clearance for German Territorial Waters

    31 January 2018
    Business & Finance, Operations & Maintenance

    Nord Stream 2 AG has received the construction and operation permit for the planned pipeline in German territorial waters and the landfall area in Lubmin, near Greifswald. The Stralsund Mining Authority issued the official approval for this approximately 55-kilometre-long section of the pipeline in accordance with the Energy Industry Act (EnWG). “This permit is the […]

  • Sapura Energy to Develop SK408 Gas Fields Off Malaysia

    11 April 2018
    Operations & Maintenance, Research & Development

    Sapura Energy Berhad and its partners, Petronas Carigali and Sarawak Shell Berhad, have taken final investment decision (FID) to develop the Gorek, Larak and Bakong fields as phase 1 in the SK408 production sharing contract, offshore Malaysia. The FID follows the approval of the field development plan from Petronas and the signing of the key […]

  • Reach Subsea and MMT secure more work

    24 April 2020
    Project & Tenders

    Reach Subsea and MMT have won several contracts and call-offs under frame agreements for 2020 execution. The contracts represent about 450 project days. The projects involve inspection, survey and construction support across Europe and the Americas, in the oil & gas and renewables sectors. With the addition of these contracts, our schedule indicates good utilization […]

  • Boskalis Sells More Interest in Fugro

    13 December 2016
    Business & Finance, Operations & Maintenance

    Royal Boskalis Westminster said it has reduced its holding in Fugro to 9.38 percent. This is the second reduction of interest in Fugro this month by the Dutch dredging and marine specialist. The new reduction was accomplished through a successful accelerated bookbuild via which 12,685,878 (15%) certificates of shares in Fugro (the Shares) were placed […]

  • UK: Sub-Atlantic Mohawk on Diplay at Titanic Belfast Museum

    3 September 2012
    Equipment

    Forum Subsea Technologies, a business line of Forum Energy Technologies, Inc. announced the placement on permanent display of a Sub-Atlantic Mohawk™ observation class remotely operated vehicle (ROV) at the Titanic Belfast Museum to help tell the story of the RMS Titanic. The newly opened Titanic Belfast Museum, the world’s largest Titanic visitor attraction, is located […]

  • Vector Technology Group Recognized for MWCS Subsea Project in GoM

    13 May 2013
    Business & Finance, Equipment, Research & Development

    This week saw Vector Technology Group Subsea Division deliver its solutions for the Marine Well Containment System Project in the GOM. The scope of supply was to design, manufacture, assemble and test two safety systems to connect two free standing risers at the top and bottom locations that could be deployed in the GOM in […]

  • Marinakis Diagnosed with Coronavirus

    11 March 2020
    Business & Finance

    Greek shipping magnate Evangelos Marinakis has tested positive for the coronavirus.

  • Elliott Acquires 5 Pct Stake in Saga

    17 July 2019
    Business & Finance

    Elliott has acquired a 5 percent stake in Saga, a parent company of Saga Cruises.

  • Hoegh LNG Announces Two Major Milestones

    12 May 2014
    Business & Finance

    Hoegh LNG has taken delivery of the “Independence”, the second of four new Floating Storage and Regasification Units (FSRUs) that the company has ordered from Hyundai Heavy Industries Ltd (HHI). The “Independence” is under a long term charter to Klaipedos Nafta in Lithuania, which will commence no later than by the end of the year. […]

  • Gazprom: Arbitration Settles Claims Against Lithuanian Energy Ministry

    2 August 2012

    The Arbitration Institute of the Stockholm Chamber of Commerce resolved to settle most of Gazprom’s claims against the Ministry of Energy of the Republic of Lithuania. The Ministry had filed a case with the Lithuanian court against Lietuvos Dujos and its top management in breach of the Shareholders Agreement. The Stockholm Arbitration Institute protected the […]

  • Total faces prosecution over Elgin gas leak

    17 March 2014

    French oil major Total may face prosecution over the 2012 gas leak incident at its Elgin field platform in the UK part of the North Sea, 240 km from Aberdeen. According to the British media, the UK Health and Safety Executive has filed the final report on the incident to the Scotland’s Crown Office for review, recommending prosecution. To […]

  • Tullow refinances credit facility

    7 April 2014

    Tullow Oil plc (Tullow) has refinanced its US$500 million corporate revolving credit facility and  has successfully increased the size of the facility to US$750 million and extended the tenor to April 2017. The arrangement is a fully committed, secured and revolving credit facility and replaces the previous facility which was due to expire in November […]

  • Statoil suspends Scarabeo 5 contract

    4 July 2014
    Business & Finance, Project & Tenders

    Owing to overcapacity in its rig portfolio, Statoil will suspend its contract with Saipem for the rig Scarabeo 5 from the autumn of 2014, provisionally for the reminder of the year. This means that Scarabeo 5 will be laid up for a brief period. Statoil is planning to re-commission the rig after the turn of […]

  • OPEC: Oil output cuts only two percent off target in March

    28 April 2017

    The Joint Ministerial Monitoring Committee (JMMC) reported on Friday that OPEC and non-OPEC countries have continued their high level of conformity with their voluntary adjustments in production. JMMC’s statement was based on the report of the Joint OPEC-Non-OPEC Technical Committee (JTC) for the month of March. The Committee expressed its satisfaction with the progress made […]

  • BP Shipping delivers PSV duo to Ocean Yield

    14 June 2017

    Ship-owning company Ocean Yield on Wednesday took delivery of two platform supply vessels (PSVs) from BP Shipping. To remind, Ocean Yield acquired the two platform suppliers from BP Shipping earlier this week for a total consideration of $105.4 million. The two vessels, NS Orla and NS Frayja, were both built in 2014 and subsequently entered into […]

  • Halliburton axes 6400 jobs

    11 February 2015

    Halliburton has announced plans to lay off up to 6400 workers due to a dramatic fall in oil prices.  Low oil prices have forced major oil companies to reduce capital expenditure, consequently hurting the oilfield services sector, including companies such as Halliburton, Schlumberger and Baker Hughes. “We value every employee we have, but unfortunately we […]

  • Höegh LNG to Order Four FSRUs at Samsung Heavy

    7 December 2016
    Business & Finance

    Floating liquefied natural gas company Höegh LNG has signed a Letter of Intent (LOI) for one firm and three optional floating storage and regasification units (FSRUs) at South Korea’s Samsung Heavy Industries (SHI). Complete shipbuilding contract for the firm vessel is expected to be signed by mid-January 2017. Höegh LNG said that two units are scheduled for […]

  • Nakilat Assumes Management of 2nd LNG Carrier

    7 November 2016
    Business & Finance

    Nakilat, the shipping arm of Qatar’s liquefied natural gas (LNG) sector, has taken over full ship management and operations of Q-Max liquefied natural gas (LNG) carrier Mekaines from Shell Trading and Shipping Company Ltd. (STASCo) with effect from November 7. Mekaines is the second Q-Max vessel that will come under the management of Nakilat Shipping Qatar […]

  • World’s Largest Boxship Joins Maersk Line’s Fleet

    12 April 2017
    Business & Finance

    Danish container shipping major Maersk Line has taken delivery of Madrid Maersk, a 20,568 TEU boxship, from South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME), the shipping company told World Maritime News.  The ultra large container vessel (ULCV) has become the largest boxship in the world built so far. The previous record has been shortly […]

  • Bulker Allowed to Enter New Zealand Waters after Cleaning

    29 March 2017
    Business & Finance

    The bulk carrier DL Marigold has been allowed to return to New Zealand’s port of Tauranga after it was cleaned by divers at sea outside the country’s waters. The 33,752 dwt bulker returned to Tauranga in the evening hours of March 28 to finish unloading a shipment of palm kernel. “We checked photos taken after the cleaning […]