10000 results found for 'Kraken'

10000 results found for 'Kraken'
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  • Costain: Greater Stella Area Subsea Structures Completed

    14 August 2013
    Equipment

    Costain Upstream’s project management and development engineering specialist EPC Offshore (EPC) has successfully marked a major milestone in Ithaca Energy’s Greater Area Stella development with the load out of the subsea structures completed on time and within budget. The Stella drill centre manifolds, riser base structures and export pipeline tie in structures have all been […]

  • ULSTEIN and Van Oord Raise the Bar

    29 September 2014
    Business & Finance, Project & Tenders

    ULSTEIN has been awarded the design and equipment contract for Van Oord’s new subsea rock installation (SRI) vessel ‘Bravenes’. Working in close cooperation with Van Oord, this is the first fully integrated design where ULSTEIN is responsible for the development and integration of both the mission equipment and vessel design. The vessel will be constructed […]

  • Cost-cutting measures, stronger freight rates help HMM narrow loss in first quarter

    18 May 2020
    Business & Finance, Business Developments & Projects, Market Outlooks

    South Korea’s shipping major HMM closed the first quarter of this year with a significantly narrowed net loss, driven mostly by the company’s cost-reduction measures and high profitability of tanker business.

  • Update: Peruvian natural gas workers strike averted, no threat to LNG exports

    19 December 2016

    SUTRAPPEC, the union of Peruvian natural gas workers, plans to go on strike on December 29, that could hamper LNG exports from Peru’s only liquefaction plant.

  • 228 More Dolphins Slaughtered in Danish Faroe Islands

    27 September 2017

    Some 219 Atlantic white-sided dolphins were killed at Skálabotnur on the Faroese island of Eysturoy, and nine more pilot whales were killed at Hvalba, on September 25, marine conservation organization Sea Shepherd said. That brings the 2017 statistics up to 1,605 small cetaceans slaughtered in 23 grindadrap hunts so far this year. Sea Shepherd has set as its mission […]

  • CGG begins seismic survey offshore Norway

    13 May 2015

    CGG announced today a western extension of the Horda BroadSeisTM-BroadSourceTM 3D multi-client program it began acquiring in the Northern North Sea offshore Norway in 2014. The extension, known as Tampen, is located in the Northern Viking Graben offshore Norway and the UK and is expected to be completed in 2016. It will add a further […]

  • Hapag-Lloyd CEO Dismisses Overcapacity Fears

    22 February 2018
    Business & Finance

    Demand is still high enough to potentially improve the fundamental market balance.

  • Norway: Bergen Group Risnes Receives Contract for Delivery of Two New Working Catamarans

    15 April 2011

    Bergen Group has, through its subsidiary Bergen Group Risnes, received a contract from the fish farming company Hjaltland Seafarms Ltd for delivery of two new working catamarans. The contract has a value of NOK 9 millions (approx USD 1.66 mln), and the boats are scheduled for delivery in Q3 2011. Since November 2010, Bergen Group […]

  • India: Police Chief Calls for Introspection on Corruption

    29 October 2013
    Business & Finance

    While speaking at the inaugural function of Vigilance Awareness Week-2013 held by Dredging Corporation of India Limited (DCI) yesterday, the Police Commissioner, Mr. B. Shivadhar Reddy, IPS, has called for a moral introspection among political and administrative leaders on more effective ways of containing pervasive corruption in society. Even while the laws on various forms […]

  • Oil prices fall as short-covering rally fizzles, oversupply weighs

    5 August 2016

    By Henning Gloystein SINGAPORE (Reuters) – Oil prices fell by 1 percent on Friday as a crude and refined product glut weighed on markets and investors eyed a possible stutter in China’s imports, ending a two-day short-covering rally. U.S. West Texas Intermediate (WTI) crude futures were trading at $41.50 per barrel at 0652 GMT, down […]

  • Army Corps, Valley City Begin Flood Risk Management Study (USA)

    3 April 2012

    The U.S. Army Corps of Engineers, Saint Paul District, and Valley City, N.D., will enter into a formal agreement to partner in a flood risk management study. Valley City Mayor Bob Werkhoven and Col. Michael Price, St. Paul District commander, will celebrate this partnership by participating in a signing ceremony of a cost sharing agreement […]

  • EWEA: Heads of State Miss the Chance to Back Renewable Energy in Europe

    24 October 2014
    Authorities & Government

    European Heads of State missed the opportunity to set an ambitious target for renewable energy in the 2030 climate and energy framework, EWEA said today in a press release. Read the full release below: The European Council’s decision to set an EU-binding target of 27% showed a lack of ambition to improve Europe’s energy security. […]

  • Tom Harries, BNEF: Comparing Apples with Apples

    18 October 2016

    Tom Harries, a wind analyst at Bloomberg New Energy Finance (BNEF) and one of the panellists at the upcoming Offshore WIND Conference, has provided an insight into matters which are at the centre stage of the offshore wind sector: “Auctions, prices and frontier markets are the hot topics in the sector right now. We have […]

  • Serica: Seismic Operations Offshore Namibia Making Rapid Progress

    19 June 2012
    Business & Finance

    Serica Energy plc , an independent oil and gas exploration and production company with major licence interests offshore West Africa and reserves and exploration assets in the North Sea and the Atlantic Margin off Ireland, gives an operational update on seismic operations off the coast of Namibia. Serica was formally awarded the rights to a […]

  • North Energy to spud its first well as operator in 2015?

    16 May 2014

    Norwegian explorer North Energy is looking forward to participating in several wells over the coming year, and is also working for a possible drilling project as operator during 2015.

  • Wartsila partnering in Bothnian Corridor ferry project

    4 August 2014

    Wärtsilä has been selected as the partner for designing a new ferry as part of the ‘Midway Alignment of the Bothnian Corridor’ project. The scope of the design work will be both initial and basic design. The ferry is designed for sailing between Vaasa in Finland and Umeå in Sweden across the Gulf of Bothnia […]

  • GAC Joins Forces with POLOG to Strengthen Its Network within Arctic Circle

    24 May 2013
    Business & Finance

    GAC Norway AS and Polar Logistics Group ApS (POLOG) have formed a strategic partnership to further strengthen GAC’s network within the Arctic Circle. The move is the latest stage in the company’s Arctic strategy to better serve the region by bringing together organisations and individuals to create a unified network of expertise, experience and local […]

  • FPSO P-62 Completed (Brazil)

    23 December 2013

    The President of Brazil, Dilma Rousseff, and Petrobras CEO, Maria das Graças Silva Foster, attended the work completion ceremony for the P-62 platform, last Tuesday (Dec. 17), at the Atlântico Sul Shipyard, in Ipojuca (state of Pernambuco). Before the ceremony, Rousseff, Graça Foster and their entourages visited the construction works of the Abreu e Lima […]

  • Petrobras reaches record Buzios output in July

    6 August 2020
    Exploration & Production, Infrastructure

    Brazilian oil major Petrobras has broken a monthly oil production record on its Buzios deepwater field offshore Brazil.

  • VolkerStevin Wins ‘Silver’ Green Apple Award (UK)

    21 January 2013

    VolkerStevin has won a ‘Silver’ Green Apple Award which recognises its outstanding sustainability practices on the Central Felixstowe Coastal Protection Scheme. The award, which was accepted by representatives of the project team at the House of Commons, praised their innovative measures to ensure that the project was run in a sustainable way with minimal impact […]

  • NGO Shipbreaking: Beaching of ships in Bangladesh continues to claim lives

    15 January 2021
    Human Capital, Regulation & Policy, Rules & Regulation, Safety, Vessels

    At least five workers have lost their lives while dismantling out of service ships at shipbreaking facilities in Bangladesh in the final quarter of 2020, the latest quarterly report from the NGO Shipbreaking Platform shows. Two workers fell to their deaths while dismantling two different vessels. In one of the cases, local sources reported that […]

  • Weak Product Tanker Market Pushes Hafnia to Loss

    17 November 2017
    Business & Finance

    Denmark-based shipping company Hafnia Tankers ended the third quarter of this year with a net loss of USD 7.3 million, compared to a profit of USD 2.3 million posted in the corresponding period a year earlier.  “The overall product tanker market weakened further during the third quarter of 2017, reflecting the ongoing imbalance between supply […]

  • Maersk Line Cuts Capacity on Asia – Europe Trade

    17 February 2012
    Business & Finance

    Oversupply of container vessels operating on the Asia – Europe trade lane has pushed Maersk Line’s container freight rates to unsustainably low levels. In order to rationalise its service, Maersk Line is removing 9% of its vessel capacity currently operating on the Asia – Europe trade. “With this adjustment we are able to reduce our […]

  • Moody’s: Japanese shipping giants to face high debt levels on LNG investments

    18 August 2014
    Vessels

    Moody’s Japan K.K. says that new investments by Japanese shipping companies in tankers to carry liquid natural gas (LNG) will keep their debt levels high and slow deleveraging.  Moody’s notes that its three rated Japanese shipping companies — Nippon Yusen Kabushiki Kaisha (NYK, Baa2 negative), Mitsui O.S.K, Lines, Ltd. (MOL, Baa3 review for downgrade) and […]

  • PSA Norway: Everyone wants to head for the far north

    5 March 2014
    Business & Finance, Project & Tenders

    The PSA is putting on its gloves, zipping up its jacket and gearing up for the year to come.