10000 results found for 'Kraken'

10000 results found for 'Kraken'
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  • Highlights of the Week

    17 January 2016
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    Subsea World News has put together a recap of the most interesting articles from the previous week (January 11 – January 17). The deepwater pipelay construction vessel “Jascon 18” was arrested last week on behalf of a shipyard in Singapore. The vessel, formerly owned by the marine contractor Sea Trucks, was sold to its new […]

  • WATCH: Åsgard Subsea Compression Ribbon-Cutting Ceremony

    20 October 2015
    Business & Finance, Equipment, Operations & Maintenance

    The world’s first subsea gas compression system went on stream September 17 at the Statoil-operated Åsgard field in the Norwegian Sea. The video above shows the official opening and ribbon-cutting ceremony for the Aker Solutions-built Åsgard subsea gas compression plant. Aker Solutions in December 2010 was awarded the contract by Statoil to deliver the system, […]

  • Scientists Embark on Inner Shelf Dynamics Project

    8 September 2017
    Business & Finance, Equipment, Operations & Maintenance, Research & Development

    Scripps Oceanography research vessel Sally Ride, loaded with three-legged orange sea spider equipment platforms, bright yellow bulbous floats, anchors, line, and a variety of oceanographic instruments, departed Thursday to participate in the Inner Shelf Dynamics main experiment.  Researchers from a number of institutions will deploy equipment for two months to extensively study the Pacific coast’s […]

  • Ithaca to Launch Harrier Satellite Work, Stella Start Set for February

    12 January 2017
    Business & Finance, Equipment, Operations & Maintenance

    Ithaca Energy is pushing forward with its strategy of building out the Greater Stella Area production hub as it expects production from its Stella field to start in February this year and investment in the Harrier field development programme to also begin during 2017. Preparation for start-up of the Stella field is well advanced, with […]

  • DESS Aquaculture Shipping Adds $81M to Newbuilding Program

    12 December 2018
    Business & Finance, Operations & Maintenance

    DESS Aquaculture Shipping (DESS Aqua), a part-owned company of Solstad Offshore within the aquaculture segment, is raising new equity to finance fleet growth. Namely, in order to fund the remaining part of the existing newbuilding program and two new vessels DESS Aqua has decided to raise NOK 700 million (approximately $81.5 million) of equity. The […]

  • Port of Rotterdam: Industrial sector further cuts carbon footprint

    14 April 2020
    Business Developments & Projects, Infrastructure, Outlook & Strategy, Ports & Logistics, Transition, Vision

    The Port of Rotterdam is another step closer to becoming a carbon-neutral port in the future.

  • AVEVA: New Technology for Collaboration of Navy with Shipbuilders

    22 August 2013

    AVEVA today announced its publication of a new business paper – ‘Taking Command: How AVEVA technology can increase capabilities in naval fleet management’. In this paper, AVEVA examines six ways that navies can exploit technologies used in other sectors, such as the offshore industry, to work more closely and effectively with the shipbuilders with whom […]

  • RWE Posts Weak Results (Germany)

    6 March 2012

    RWE AG said that its EBITDA decreased by 18% to €8.5 billion and the operating result declined by 24% to  €5.8 billion in fiscal 2011. Recurrent net income – the key determinant of the dividend – fell by 34% to €2.5 billion and revenue dropped by 3% to €51.7 billion. . “We have introduced the […]

  • Impairment hurts GasLog’s 2019 profit

    6 February 2020

    Monaco-based LNG shipper GasLog reported a loss for the year 2019, impacted by an impairment loss on steam vessels. 

  • Vopak, Enagas Complete Acquisition of Altamira LNG Terminal (Mexico)

    14 September 2011
    Project & Tenders

    The joint venture of Vopak (60%) and Enagas (40%) has successfully completed the previously announced acquisition of the LNG storage and regasification terminal in Altamira, Mexico. The jointly controlled entity has acquired 100% of the shares in the terminal from Shell (50%), Total (25%) and Mitsui & Co LTD. (25%) for USD 408 million. The […]

  • Gasum: natural gas-fueled vehicle numbers rising in Finland

    21 January 2019

    Finish energy company Gasum noted the number of natural gas-fueled cars increased during 2018 in Finland.

  • New CEO takes over at Lamprell

    3 October 2016

    Lamprell, a company building offshore drilling rigs has informed that Christopher McDonald has now taken up his role as Chief Executive Officer (CEO) for the Group and as an executive director on the Board. James Moffat, who has been in the role of CEO since March 2013, has stepped down but will continue to support […]

  • New Board Chairman at Wood Group

    31 January 2014
    Business & Finance

    Wood Group announces the appointment of Ian Marchant as Chairman of the Board following the retirement of Allister Langlands at the end of the Annual General Meeting, scheduled for 14 May 2014. Ian has been a director of Wood Group since 2006 and has been senior independent non-executive director since May 2012. He was Chief […]

  • USA: Foss Tugs Complete Tow of Spartan 151 Jackup Drilling Rig

    9 December 2011
    Business & Finance

    Foss Maritime Co. tugs Justine Foss and Jeffrey Foss have completed a successful tow of a jackup drilling rig to its winter harbor in Port Graham, Alaska. The Spartan 151 jackup drilling rig was moved from its drill site at Nikiski, in the Cook Inlet, which becomes choked with ice during the winter. Gary Faber, […]

  • Halul expands fleet with ‘Shaddad’ Dive Support Vessel

    2 June 2014

    Halul Offshore Services Co. (HOSC) and its parent company, Milaha, have taken delivery of their newest state-of-the-art Dive Support Vessel (DSV) “Shaddad”.   At a ceremony held under the patronage of HE Dr. Mohammed bin Saleh Al Sada, Minister of Energy and Industry, “Shaddad” was unveiled on May 28th at Doha Port in the presence […]

  • Statoil profit rises on higher oil and gas prices

    25 April 2018
    Business & Finance

    Higher oil and gas prices and increased production helped the Norwegian oil and gas major Statoil, soon to be renamed Equinor, boost its profit for the first quarter of the year. 

  • Borr’s Prospector 5 rig starts journey to Glengorm field off UK

    16 August 2018
    Exploration & Production

    The Prospector 5 jack-up rig has left Damen Verolme Rotterdam and started its journey to the UK continental shelf.

  • Eni bites dust in Goliat Eye wildcat well

    27 September 2017
    Exploration & Production

    Eni Norge has hit dust in the Goliat Eye wildcat well (7122/10-1 S) in the Barents Sea, offshore Norway. The Norwegian Petroleum Directorate said on Wednesday that the primary exploration target for the well was proving petroleum in Middle Triassic reservoir rocks (Kobbe formation). To remind, the Petroleum Safety Authority (PSA) gave Eni Norge a […]

  • Modec bags Mero FPSO award

    18 December 2017
    Business & Finance, Infrastructure, Project & Tenders

    Petrobras has signed a contract with Modec to charter an FPSO unit, the first definitive production system of Mero Field, which will be used in the Mero Pilot project.

  • Australia to add more transparency to offshore oil and gas sector

    28 November 2017

    Australia’s Minister for Resources and Northern Australia Matthew Canavan has announced a series of changes in regulations which will increase transparency within the country’s oil and gas sector.

  • Dong to abandon Oselvar field

    22 February 2016

    Dong Energy has reportedly decided to shut down production from the Oselvar field offshore Norway 14 years earlier than planned due to reservoir issues.  The Oselvar oil and gas field is located in the southern part of the Norwegian sector of the North Sea and it was put in production in April 2012. The field is located […]

  • Ithaca, BW Offshore agree revised contract terms for BW Athena FPSO

    31 March 2015

    BW Offshore, an Oslo-based provider of floating production systems to the international oil and gas industry, has received a notice of termination for the FPSO BW Athena contract from Ithaca Energy. The FPSO is producing oil at Ithaca’s Athena field in the UK North Sea. In a statement this morning, BW Offshore has said it has agreed […]

  • Lauritzen Narrows Loss, Confirms Newbuilding Sales

    19 August 2016
    Business & Finance

    Danish shipping company J. Lauritzen has confirmed that it opted to sell two Supramax bulk carrier newbuildings and cancel a part-owned handysize bulk carrier during the second quarter of 2016 as it executed further cash improving initiatives. The company narrowed its quarterly loss to USD 22.4 million for the second quarter of 2016 from a loss of USD 117.6 million reported in the same […]

  • SEA Europe Calls for Action on Mutual Recognition

    23 September 2015

    There is a need for simplifying the procedures for mutual recognition certificates, according to a recently published report from the Commission to the European Parliament and the Council on common rules and standards for ship inspections and survey organisations. The simplification would pave the way for the costs to become more competitive and phasing out of individual certificates. […]

  • Maersk Line Orders USD 1.1 Billion Worth of Boxships at HHI

    8 July 2015
    Business & Finance

    Maersk Line, the world’s largest container shipping company, has signed a USD 1.1 billion contract with South Korean shipbuilder Hyundai Heavy Industries (HHI) for the construction of nine container ships with a capacity of 14,000 TEU (twenty-foot equivalent) each.  The nine vessels will join Maersk Line’s fleet in 2017 and sail under Singaporean flag. This is the third […]