10000 results found for 'Kraken'

10000 results found for 'Kraken'
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  • PSA Norway Releases Report on Gullfaks A Lifting Incident

    16 May 2011
    Business & Finance

      A number of non-conformities with the regulations have been found by the Petroleum Safety Authority Norway’s (PSA) investigation into an incident on Gullfaks A where one person was injured during a lifting operation. Taking place on 28 February 2011, this incident on the Statoil-operated installation in the North Sea could have resulted under slightly […]

  • With offshore repairs done, Balticconnector about to restart after six-month shut-down

    5 April 2024
    Business & Finance, Business Developments & Projects, Infrastructure, Outlook & Strategy, Project & Tenders

    Preparatory work has begun for the commissioning of the Balticconnector gas pipeline between Finland and Estonia which was shut down in October 2023 due to a rupture, following the completion of repair work. Estonian transmission system operator (TSO) Elering and its Finnish counterpart Gasgrid closed Balticconnector on the night of October 8, 2023, as the pressure […]

  • Brazil’s Bolsonaro moves to replace Petrobras CEO

    22 February 2021
    Authorities & Government, Business & Finance, Business Developments & Projects

    Brazil’s President Jair Bolsonaro has moved to replace the CEO of Petrobras with a retired army general with no oil and gas experience.

  • Asia-North Europe Carriers Need to Lift Spot Rates

    20 April 2015
    Business & Finance

    Lack of attention paid to lifting spot rates on the Asia-North Europe trade is threatening to send many carriers back to the red, according to UK-based shipping consultancy Drewry. At present, Drewry believes that carriers can make similar overall profit as last year (approximately USD 6 billion) as costs are being helped by lower bunker […]

  • IMCA: Work-class ROVs most used in 2014

    7 August 2015
    Equipment

    The International Marine Contractors Association (IMCA) has published stats of two surveys it has conducted in 2014, to reflect remotely operated vehicle (ROV) and ROV personnel levels. According to IMCA’s surveys, in February 2014 a total of 3,369 ROV personnel were working, including superintendents, supervisors, pilot techs and other offshore ROV support personnel, and in August the total […]

  • RWE Dea Norge Celebrates 40th Anniversary

    18 October 2013
    Business & Finance

    RWE Dea Norge is celebrating its 40th year in Norway this fall. Since the start-up in 1973 as one of the pioneers in the Norwegian oil and gas industry, the company has steadily grown and has developed a solid knowledge environment with some of the best heads in the business. “Norway has always been an […]

  • Impairments Drag Solstad into Red

    24 February 2016
    Business & Finance, Operations & Maintenance

    Oslo-listed Solstad Offshore, has recorded a loss of NOK 1.34 billion ($155.7 million) for the fourth quarter of 2015 due to fleet value write-downs and currency losses. Namely, Solstad has decided to write down the fleet value by a total of NOK 1,221 million in the fourth quarter. Total impairment for the year was NOK […]

  • Aker Reports Growth in 1Q Revenue

    1 May 2014

    Aker Solutions’ revenue rose to NOK 11.2 billion in the first quarter of 2014 from NOK 10.3 billion a year earlier, driven by sales of subsea products and services, single drilling equipment and umbilical systems in the U.S. and Norway. Revenue also increased in the process systems unit, bolstered by strong demand in Norway, the […]

  • TOTAL to Acquire 30 pct Interest in Five Deepwater Blocks Offshore Kenya

    6 October 2011
    Business & Finance, Operations & Maintenance, Project & Tenders

      Cove Energy plc, the AIM quoted upstream oil and gas company focused on East Africa, through its wholly owned subsidiary, Cove Energy Kenya Limited together with its partners, Anadarko Kenya Company  a wholly owned subsidiary of Anadarko Petroleum Corporation and Dynamic Global Advisers Kenya Limited (“DGA”) , announce that, following the receipt of the […]

  • Suncor restarting production at Terra Nova

    4 December 2018
    Infrastructure

    Canadian energy company Suncor has restarted production at its Terra Nova FPSO located offshore Canada. 

  • MOL Performs Worse

    31 October 2014
    Business & Finance

     Japanese shipowner Mitsui OSK Lines (MOL) posted JPY 890 billion in revenue figures, operating income of 4.2 billion and net income of JPY 11.5 billion, a drop of  45% year-on-year. MOL said that this was a year-on-year worsening in the company’s business performance despite an increase in sales. Its containership business recorded a loss of JPY 10.8bn for […]

  • Platts: Bullish Sentiment Prevailing in Atlantic Panamax Market

    28 October 2014

    Sentiment remained bullish in the Atlantic Panamax market with tonnage relatively tight, but there were few fresh stems on offer and trading was slow, Platts quoted sources saying Monday. The grain route from New Orleans to Qingdao, China, basis 60,000 mt, was unchanged at USD 44.50/mt. Tonnage remains tight for November 1-10 dates, but this […]

  • Antarctic Rescue Operations Completed

    8 January 2014
    Business & Finance

    The Australian Maritime Safety Authority confirmed that the Akademik Shokalskiy and the Xue Long have broken free from the ice in Antarctica and are no longer in need of assistance.  The United States Coast Guard ice breaker Polar Star has been released from search and rescue tasking by AMSA’s Rescue Coordination Centre (RCC Australia) and […]

  • Oceaneering Takes Profit Dive

    23 April 2015
    Business & Finance, Equipment, Operations & Maintenance

    Subsea engineering specialist, Oceaneering, has reported a drop in first-quarter earnings for the period ended March 31, 2015 as revenues declined on lower demand. On revenue of $786.8 million, Oceaneering generated net income of $69.5 million, or $0.70 per share. During the corresponding period in 2014, Oceaneering reported revenue of $840.2 million and net income of […]

  • Genco Shipping Stays in Red

    5 August 2015
    Business & Finance

    NYSE-listed dry bulk shipping company Genco Shipping & Trading Limited recorded USD 40.3 million net loss for the second quarter of 2015, a USD 20.3 million improvement compared to USD 60.5 million loss the company reported for the three months ended June 30, 2014. Genco Shipping, which recently merged with Baltic Trading Limited, saw its revenue decrease to USD 34.6 million for […]

  • Hafnia’s 1H Profit Slashed amid Weak Product Tanker Market

    21 August 2017
    Business & Finance

    Denmark-based shipping company Hafnia Tankers ended the first half of this year with a profit of USD 2.3 million, considerably lower compared to a profit of USD 17.2 million recorded in the same period last year. As explained, the poor product tanker market conditions contributed to the company’s net and operating profit for the six […]

  • Tidal Turbine in Strangford Lough Environmentally Friendly (UK)

    17 January 2012

    As well as being a renewable energy success , SeaGen, the world’s first commercial tidal current energy turbine is also an environmental success. The tidal turbine, designed and deployed by Marine Current Turbines Ltd (MCT) and located in Northern Ireland’s Strangford Lough has had no major impact on the Lough’s marine life. This is the […]

  • International Chamber of Shipping Urges Shipowners to Get EEDI

    14 September 2011

    The Board of Directors of the International Chamber of Shipping (ICS), whose member national shipowners’ associations represent all sectors and trades and over 80% of the world merchant fleet, met in London on 13 September. CO2 Regulation ICS members expressed great satisfaction with the adoption in June, by the International Maritime Organization (IMO), of a […]

  • ‘HADES’ Project Explores Depths of Kermadec Trench

    14 April 2014
    Business & Finance, Equipment, Research & Development

    National Science Foundation (NSF) has recruited a team of researchers to find out what lives in Kermadec Trench at the bottom of the Pacific Ocean. They will use the world’s only full-ocean-depth, hybrid, remotely-operated vehicle, Nereus, and other advanced technology to find out.  The trench, located off New Zealand, is the fifth deepest trench in the world. Its […]

  • As calls for more UK-produced energy lock horns with outcries to ban new oil & gas, all roads lead to renewables

    7 June 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Project & Tenders, Regulation & Policy, Rules & Regulation, Transition

    Renewables are seen as the UK’s road to net-zero, but many feel this should be a gradual shift in investment rather than casting new oil & gas aside right away.

  • Voith, Robert Allan Implement New Escort Tug Design

    4 September 2012

    Voith has teamed up with the renowned Canadian naval architecture firm Robert Allan Ltd. to develop an escort tug design. On the 2012 ITS (International Tug and Salvage Convention and Exhibition) in Barcelona, the two partners signed the cooperation agreement for the implementation of the vessel concept. Conventional Voith Water Tractors are equipped with two […]

  • Advertorial: New Partnership for SEAROV OFFSHORE

    7 March 2017

    DELTA ROV is located in the Clark Free port Zone in the Philippines and is involved in underwater inspections, construction and drilling assistance. Recently, SEAROV OFFSHORE has taken a significant part of the company capital and set up sales and services agreements with DELTA ROV. With that strategic situation in the Philippines, SEAROV OFFSHORE will […]

  • Scorpio Places Order for Up to Ten VLGCs

    3 July 2013

    Scorpio Tankers Inc. has reached agreements with two yards in Korea to construct a minimum of 5 and up to 10 newbuilding vessels designed for the carriage of liquefied petroleum gas (LPG). Also, the Company announced today that it has taken delivery of its ninth Newbuilding MR product tanker, STI Le Rocher. Emanuele Lauro, chief […]

  • iContainers: Improving Schedule Reliability Still Far from Reality

    17 November 2017
    Business & Finance

    Container carriers’ schedule reliability has seen a slight increase in the third quarter but there has not been a strong enough push to prioritize schedule integrity due to the high costs involved, online freight forwarder iContainers said. On-time performance was up by a mere 0.2% to 74.7% in the third quarter of 2017 from the second […]

  • Heyerdahl Award 2014 Goes to Rolls-Royce

    31 March 2014
    Business & Finance

    Rolls-Royce has been awarded the maritime Heyerdahl Award 2014. The award was presented by His Majesty King Harald at the Norwegian Shipowners’ Associations Annual Conference in Oslo 31 March. The award goes to the Environship Concept, an innovative ship design which integrates a highly efficient gas-based power and propulsion system with an innovative hull design […]