10000 results found for 'Kraken'

10000 results found for 'Kraken'
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  • Monaco shareholder ousts most of Bowleven board

    15 March 2017
    Business & Finance

    Following a general meeting on Tuesday, March 14, most of the board of the UK-based oil and gas company with African assets, Bowleven, has been ousted from the company. The general meeting was requested by the Monaco-based private investment vehicle, Crown Ocean Capital (COC), to propose extensive changes to the company’s board. Ahead of the meeting, Bowleven continuously urged […]

  • Odfjell Drilling sees profit fall and rig contracting risk

    22 May 2015
    Exploration & Production

    Odfjell Drilling, an international drilling, well service and engineering company, has seen a $5 million profit drop in its first quarter 2015 results.  Namely, the company reported a net profit in Q1 2015 of $18 million compared to Q1 2014 of $23 million. The company also reported that its operating revenue for Q1 2015 was […]

  • Hydrauvision, HydrauRent Protect Venice (Italy)

    24 April 2014
    Business & Finance, Equipment, Technology

    To protect the Netherlands against the rising of the sea level, the Delta Works have been built, according to the American Society of Civil Engineers, one of the seven modern wonders of the world. Hydrauvision, who also contributed to the development of the Delta Works, once again was asked to collaborate in a similarly major […]

  • Report: Instead of emission silver bullet, offshore CCS rush deemed as fossil fuel extension cover-up

    16 November 2023
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Environment, Project & Tenders, Transition

    New report from the Center for International Environmental Law (CIEL) outlines that offshore CCS is not a solution to fossil fuel pollution.

  • EU urged to support liner shipping’s competitiveness and path to decarbonization

    30 January 2025
    Authorities & Government, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition, Vision

    The World Shipping Council (WSC), the voice of the liner shipping industry, has called on the European Commission (EC) to recognize that liner shipping is investing in Europe and urged it to support the sector on its path to decarbonize supply chains, fostering open trade and protecting critical sea lanes from geopolitical disruptions.

  • Top 10 cyber security threats for oil and gas industry

    30 November 2015
    Equipment

    With the exploitation of new cost-effective operational concepts, use of digital technologies and increased dependence on cyber structures, the oil and gas industry is exposed to new sets of vulnerabilities and threats, DNV GL writes in an article identifying the biggest cyber security threats to the oil and gas industry. According to the company, cyber-attacks […]

  • MISC expects LNG shipping market to stay weak

    24 June 2016

    Malaysian LNG shipper MISC, a unit of energy giant Petronas, said it has delivered 372 cargoes of the chilled fuel last year in a weak shipping market with low spot freight rates and an oversupply of LNG vessels. In 2015, MISC shipped 20.74 million tonnes of LNG for its customers, carving 8.3% of the total world […]

  • SCIBS 2012 to Demonstrate More Than 60 International and Australian Launches

    19 March 2012

    The 2012 Sanctuary Cove International Boat Show (24-27 May) will be the venue for more than 60 international and Australian launches, demonstrating the innovative and vigorous state of the Australian leisure marine industry as well as the importance of the SCIBS to manufacturers worldwide. Alongside the boats and equipment a mass of activities, displays and […]

  • EU Supports Gaz-System Projects in Poland

    17 December 2012

    GAZ-SYSTEM S.A. and Krakow’s Oil and Gas Institute (as the Implementing Institution) signed four annexes to previously concluded co-financing agreements which confirm the current amounts of EU support for the following projects:  the Szczecin-Gdańsk Pipeline (265 km), Szczecin-Lwówek Pipeline (188 km), Rembelszczyzna-Gustorzyn Pipeline (176 km) and the Gustorzyn-Odolanów Pipeline (168 km). The annexes were signed […]

  • Schlumberger records profit and revenues boost in third quarter

    20 October 2017
    Business & Finance

    Schlumberger, the world’s largest oilfield services provider, saw an increase in profit and revenues during the third quarter of 2017 compared to the prior-year period.  The company on Friday posted a profit of $545 million for the third quarter of this year, compared to a $176 million profit recorded in the same period of 2016. During the third […]

  • German Renewables Output Helps Cut European Power Prices by 8.4 Pct

    16 April 2014
    Business & Finance

    Day-ahead electricity prices in continental Europe recorded a fifth consecutive monthly decline in March as surging German solar and wind output helped chase prices lower in neighboring countries, according to data released by Platts, a leading global energy, petrochemicals and metals information provider. The Platts Continental Power Index (CONTI) fell 8.4% in March to €35.06 […]

  • First Nations calling for Petronas to withdrav from Leelu Island site

    6 November 2014

    First Nations have voiced their opposition against the proposed Petronas LNG project on Leelu Island calling for the company to withdraw from the site immediately.

  • RenewableUK: November Record-Breaking Month for Wind

    2 December 2012

    November has been a record breaking month for wind, with previous records being smashed repeatedly. Three times this month wind has broken its own record for generation, most recently hitting over 4.5 gigawatts and accounting for 11.45% of total electricity demand in the UK, according to official figures from National Grid. Meanwhile a report launched […]

  • Kongsberg to Upgrade Dutch Simulation Facility

    5 September 2013
    Business & Finance

    Kongsberg Maritime has won the competitive tender to conduct an upgrade and extension of the simulation facility at Noorderpoort Eemsdollard – Energy & Maritime in Delfzil, The Netherlands. The contract includes upgrade of the Kongsberg Maritime simulators installed at Noorderpoort Eemsdollard’s Abel Tasman College in 2006, which have now been moved to a brand new […]

  • API welcomes new energy bills. Lifting exports ban will create jobs

    31 July 2015

    U.S. Senate Committee on Energy and Natural Resources approved Thursday the Energy Policy Modernization Act of 2015, and Offshore Production and National Security Act (OPENS), which would ensure Alaska and other coastal states receive a fair share of the revenue from oil and gas activity off their shores. The bill would also lift the ban on […]

  • Accident report reveals why ‘Transocean Winner’ ran aground

    7 September 2017
    Exploration & Production

    A report into why the Transocean Winner semi-submersible rig grounded on the Isle of Lewis last year has been published, naming poor condition of the tow line and high winds as direct causes of the accident.  On Thursday, September 7, 2017, the UK’s Marine Accident Investigation Branch (MAIB) published the report on the grounding of the Marshall […]

  • Azinor Catalyst chooses Ocean Guardian rig for North Sea drilling work

    5 May 2017
    Business & Finance, Exploration & Production

    Azinor Catalyst Limited, a UKCS-focused E&P company, has awarded a rig contract to one of Diamond Offshore’s semi-submersible rigs for a drilling campaign in the third quarter 2017. Azinor said on Friday that the contract was for the drilling of two operated wells using Diamond Offshore’s Ocean Guardian rig. The first exploration well will target […]

  • Fredriksen: Turmoil in China Not Good for Shipping Market

    26 August 2015
    Business & Finance

    Norwegian-born oil tanker and shipping magnate John Fredriksen voiced his worries over the impact the turmoil spreading from China could have on the shipping industry. “It seems there are big problems in China,” Fredriksen said in an interview with Bloomberg in Oslo on Monday. “That’s at least not good for the shipping market.” China’s stocks […]

  • Dry Bulk Market Facing Bleak Prospects

    15 October 2014
    Business & Finance

    The Hong Kong-listed Pacific Basin Shipping has issued its Third Quarter 2014 Trading Update, stating that the dry bulk market weakened further in the third quarter with Handysize freight rates in July falling to the very low levels last seen in February 2009. The third quarter Handysize and Handymax spot market rates averaged USD 5,910 and USD 8,430 per day […]

  • Genel Buys 75 Pct Stake in Area 4 Offshore Malta

    23 August 2012
    Business & Finance

    Genel Energy announces that it has agreed to farm in for 75 per cent of Mediterranean Oil and Gas Plc’s (MOG) licence interests to explore for and produce oil and gas in the Area 4 Offshore Malta (“Area 4”). Under the Transaction, Genel Energy will acquire a 75 per cent participating interest in the Area […]

  • DEA sees record high bids in 7th licensing round

    21 October 2014
    Project & Tenders

    In the 7th Licensing Round, the Danish Energy Agency (DEA) has received 25 applications from oil companies interested in searching for oil and gas in the North Sea. This is a record high number compared with previous licensing rounds. Several applicant companies have not previously held licences in Denmark. When the time limit for submitting […]

  • Kongsberg Maritime to supply Ghana with engine room simulator

    11 April 2014
    Business & Finance, Equipment

    The Regional Maritime University has awarded Kongsberg Maritime a contract to deliver its K-Sim Engine simulator for its premises in Accra, Ghana. The highly advanced Full Mission Engine Room Simulator, which is due for delivery in May 2014 will enable RMU to provide education according to STCW requirements. RMU is a tertiary institution that gained […]

  • India Working to Polish Its Ship Recycling Image

    24 December 2019
    Rules & Regulation

    The new act restricts and prohibits the use or installation of hazardous materials.

  • Aker Arctic Unveils New ‘Heavy Duty’ Icebreaker

    9 May 2013

    With construction underway on the first ever Oblique Icebreaker, research specialist Aker Arctic Technology has unveiled a new version of the unique vessel type that will bring ice management and pollution control in thick first year ice to a new level. The first ARC 100 is due delivery to the Russian Ministry of Transport in […]

  • Norden Cuts 2017 Outlook

    17 August 2017
    Business & Finance

    Danish shipping company Dampskibsselskabet Norden A/S has trimmed down its expectations for the adjusted results for the year to USD -20 to 20 million. Specifically, the company said it anticipates its dry cargo business results to post a loss ranging between USD 5-25 million and its tanker segment performance to range between USD -15 million to USD […]