1983 results found for 'Lease Sale 193'

1983 results found for 'Lease Sale 193'
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  • Total Starts Production at Pazflor, Offshore Angola

    28 August 2011
    Business & Finance

    Total, operator of Block 17, announced that the giant Pazflor field offshore Angola has come on stream ahead of the initial schedule. The Pazflor field lies 150 kilometres off Luanda in water depths ranging from 600 to 1,200 metres and has estimated proved and probable reserves of 590 million barrels. The field will gradually ramp […]

  • Brazil: Petrobras Issues Sustainability Report 2010

    12 July 2011
    Business & Finance

    Petrobras released its 2010 Sustainability Report yesterday, July 11. The Report presents information about the Company’s performance, reflecting how the three pillars of its corporate strategy, integrated growth, profitability, and social responsibility, are integrated. It also details the progress Petrobras has made in meeting the ten principles set forth under the United Nations Global Compact, […]

  • USA: Army Corps to Repair and Restore New York Beaches

    30 October 2013
    Business & Finance

    When Hurricane Sandy struck the northeastern United States, a lot of its impacts were immediately obvious. From destroyed structures to massive power outages to flooding of communities and infrastructure like many had never seen before, the storm left its mark throughout the region. One of Sandy’s less obvious impacts at first was the damage it […]

  • Gaz Metro of Canada Relies on LNG Use in Heavy Transportation Sector

    5 February 2013

    Gaz Métro of Canada said it is proud to take stock of its achievements in line with its liquefied natural gas (LNG) development plan. The goal of this plan is to supply LNG to the heavy transport industry in Quebec and eastern Canada, via its indirect subsidiary Gaz Métro Transport Solutions, LP (GMTS), and subsequently […]

  • In a ‘groundbreaking’ move, MAN ES wraps up 1st ammonia engine test

    13 July 2023
    Business Developments & Projects, Equipment, Project & Tenders, Technology

    German engine manufacturer MAN Energy Solutions (MAN ES) has completed the first running of a test engine on ammonia at its Research Centre Copenhagen (RCC). 

  • BP’s ‘recklessness’ lead to Macondo incident, Court says

    5 September 2014

    The United States District Court for the Easter District of Louisiana yesterday ruled that the discharge of oil in the Deepwater Horizon case in 2010, was the result of BP’s “gross negligence” and “willful misconduct”. As for the amount BP needs to pay for the spill, the court says that in the absence of gross negligence or willful […]

  • AltaGas Enters Deal to Buy Pacific Northern Gas (Canada)

    1 November 2011

    AltaGas Ltd. announced that it has entered into a definitive agreement with Pacific Northern Gas Ltd. (PNG) pursuant to which AltaGas will indirectly acquire all of the issued and outstanding common shares of PNG  for $36.75 cash per PNG Share pursuant to a statutory plan of arrangement under the Business Corporation Act(British Columbia). “PNG is […]

  • Pazflor Field Comes On Stream in Angola

    29 August 2011
    Business & Finance, Operations & Maintenance

      Total, operator of Block 17, announced that the giant Pazflor field offshore Angola has come on stream ahead of the initial schedule. The Pazflor field lies 150 kilometres off Luanda in water depths ranging from 600 to 1,200 metres and has estimated proved and probable reserves of 590 million barrels. The field will gradually […]

  • Developer of Italy’s first offshore wind farm exploring environmentally friendly solutions for floating wind project off Sicily

    23 June 2023
    Business Developments & Projects

    Renexia, the company behind Italy’s first offshore wind farm and the first to be built in the Mediterranean Sea, has contracted Seas Geosciences to study the most environmentally sustainable mooring and anchoring solutions for Med Wind, a 2.8 GW floating wind project proposed to be built in the Strait of Sicily. Seas Geosciences, part of […]

  • Owners give €4.4M commercialisation boost to Minesto

    16 April 2021
    Business & Finance, Business Developments & Projects, Collaboration, Innovation, Outlook & Strategy, Technology, Vision

    Minesto’s largest owners BGA Invest and Midroc New Technology have exercised all of their warrants of series TO3, adding approximately SEK 44.7 million (€4.4 million) in proceeds for the company.

  • Repsol Sinopec: 700 mln Barrels of Oil in Brazil’s BM-C-33 Block

    24 May 2012

    Repsol Sinopec Brasil estimates that Block BM-C-33, in the deepwater Campos Basin, contains resources of more than 700 million barrels of light oil and 3 trillion cubic feet (Tcf) of gas, the company has announced. The announcement confirms the fact that the Brazilian offshore is one of the areas with the highest hydrocarbon reserves growth […]

  • Dril-Quip boosts profit in first quarter

    1 May 2015
    Business & Finance

    Dril-Quip, Inc., an oilfield services company headquartered in Houston, has increased its profit for Q1 2015. The company reported a net income of $53.7 million, or $1.38 per diluted share, for the three months ended March 31, 2015, versus net income of $42.6 million, or $1.04 per diluted share, for the first quarter of 2014. […]

  • Norway: Mandate and Term Sheet Signed for Refinancing of Sevan Driller

    13 July 2010
    Business & Finance

    Sevan Drilling AS, a wholly owned subsidiary of Sevan Marine ASA, has signed a mandate letter and term sheet with DVB Group Merchant Bank (Asia) Pte Ltd and NIBC Bank N.V. for the arrangement of a USD 530 million limited recourse secured term loan facility. The facility will replace the existing debt of the Sevan […]

  • New Flood Defenses for South Coast

    2 December 2014
    Business & Finance

    New flood defenses will benefit Kent, Hampshire and Sussex to the tune of over £330 million, the government announced today. Homes in Sandwich, Whitstable, Yalding and Shoreham-by-Sea will be better protected from floods thanks to an unprecedented six-year £2.3 billion flood defense program. The new flood defense scheme in Shoreham-by-Sea, just one of 170 schemes […]

  • Russia and Norway gas volumes to Europe hit record highs

    14 February 2018

    Natural gas exports to Europe from both Russia and Norway climbed to record levels in 2017, according to a report by Rystad Energy. Russian and Norwegian gas exports to Europe (including Turkey) reached 194 bcm and 122 bcm, respectively, in 2017. This represents a year-on-year increase of more than 15 bcm for Russia and 9 […]

  • USA: ConocoPhillips Reports 2Q Earnings of USD 3.4 Billion

    27 July 2011

    ConocoPhillips today reported $3.4 billion second-quarter earnings and $3.4 billion adjusted earnings. This compares with second-quarter 2010 earnings of $4.2 billion and adjusted earnings of $2.5 billion. “We had a solid quarter,” said Jim Mulva, chairman and chief executive officer. “Higher adjusted earnings and cash flow were driven by better commodity prices and refining margins. […]

  • Noreco buys Shell’s Danish North Sea assets for $1.9B

    1 August 2019

    Shell has sold all of its upstream assets in Denmark

  • More red ink for PGS

    23 July 2020
    Business & Finance

    PGS has seen its Q2 2020 loss widened, as revenues fell more than 50 percent. The Oslo-listed seismic player reported quarterly loss of $111.4 million, or 29 cents per share on revenues of $90 million. This result compares against loss of $49 million, or 14 cents per share on $192 million revenues in the prior-year […]

  • OKEA enters Neptune’s license near Draugen field

    25 September 2020
    Business & Finance, Business Developments & Projects, Project & Tenders

    Oil and gas company OKEA has signed a sales and purchase agreement (SPA) with Neptune Energy for the acquisition of a 30 per cent working interest in offshore license PL938.

  • Bassoe: Saudi Arabia goes full throttle in offshore drilling spree

    13 August 2018
    Exploration & Production

    Saudi Aramco just gave the jack-up market a shot of adrenaline. Rig owners should be loving what they’re seeing.

  • Equinor restarts Hammerfest LNG production

    2 June 2022
    Business Developments & Projects, Infrastructure, Operations & Maintenance, Ports & Logistics

    Norwegian oil giant Equinor has said the Hammerfest LNG is back in production after the fire in September 2020.

  • Aker Solutions books loss despite higher revenues

    7 February 2020
    Business & Finance

    Aker Solutions sank to a quarterly loss despite a 6% increase in revenues, but the company expects an increase in global energy demand in the long-term. 

  • Repsol net income falls. Production rises despite interruptions in Libya

    26 February 2014

    Spanish Repsol posted a recurring net income of 1.823 billion euros for 2013, calculated at current cost of supply (CCS), 6.7% lower than the previous year. The company said that these earnings – that exclude atypical results and take into account replacement costs of raw materials and products – reflect Repsol’s ongoing business performance during […]

  • Dutch Consortium Delivers Mekong Delta Plan

    17 December 2013
    Business & Finance, Equipment, Technology

    A consortium led by international engineering and project management consultancy service provider Royal HaskoningDHV has drawn up a plan for Vietnam’s Mekong Delta that will deliver sustainability and protection for this important agricultural area. The plan describes the strategic vision for the Delta until the year 2100 and involves the industrialisation of agriculture, the sustainable […]

  • BP installs second Shah Deniz 2 platform

    20 September 2017
    Project & Tenders

    Oil major BP has installed the topsides of the production and risers (PR) platform for the Shah Deniz Stage 2 project in the Caspian Sea. BP said on Wednesday that the PR platform topsides unit, which was completed ahead of schedule, had sailed away to the Shah Deniz contract area from the Azfen fabrication yard […]