1205 results found for 'Libya'

1205 results found for 'Libya'
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  • Brazil: Statoil hires two platform suppliers for Carcara work

    8 November 2017
    Business & Finance

    Statoil has awarded contracts to a pair of Solstad Farstad’s platform supply vessels for operations off Brazil. 

  • BW LPG Stays Sharp

    19 November 2015

    Singapore-headquartered gas shipping company BW LPG ended the third quarter of 2015 with USD 106.2 million net profit, a 21.4% increase compared to USD 87.5 million reported for the same period a year earlier, driven mainly by improved time charter equivalent (TCE) earnings and a bigger operating fleet. Operating revenue for the quarter ended September 30 […]

  • Maersk Supply Service hand-picks UK firm for ‘complex’ ultra-deepwater job at Brazil’s huge oil field

    25 September 2024
    Business & Finance, Business Developments & Projects, Collaboration, Exploration & Production, Project & Tenders

    Maritime Developments Limited (MDL) has been tasked with providing horizontal subsea umbilicals, risers, and flowlines (SURF) lay spread onto an I-class subsea support vessel to assist Denmark-headquartered Maersk Supply Service (MSS) with a solution development scope at a giant oil field in the pre-salt Santos Basin off the coast of Brazil.

  • DW: Deepwater Construction Vessels: Brazil with a pinch of (pre) salt?

    28 October 2013

    Last week’s auction for production rights to Brazil’s 12bn barrel Libra field has dominated industry headlines. However, despite years of media and market analyst hyperbole the scale of Petrobras’ plans for its deepwater pre-salt developments still command a great deal of head scratching, said Douglas Westwood. “For example, we at DW expect that over the next […]

  • Saipem Confirms Appointment of Umberto Vergine as CEO

    12 May 2014
    Business & Finance, Project & Tenders

    The Board of Directors of Saipem S.p.A. has confirmed the appointment of Umberto Vergine as CEO of Saipem S.p.A. The Board of Directors applied the evaluation criteria set forth in the Corporate Governance Code promoted by Borsa Italiana to ascertain that the Directors Francesco Carbonetti, Rosario Bifulco, Nella Ciuccarelli, Federico Ferro-Luzzi, Guido Guzzetti, Enrico Laghi […]

  • Another FPSO put into operation on Petrobras’ third largest oil field off Brazil

    1 January 2024
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Petrobras has kicked off production from an FPSO vessel at its giant oil field in the pre-salt area of the Santos Basin offshore Brazil.

  • AIS secures subsea insulation contract for project in Brazil

    24 January 2025
    Business Developments & Projects, Project & Tenders

    UK-headquartered AIS has secured a subsea insulation contract for the Mero 4 oil field in Brazil, representing its fifth award for insulation systems in the region. The company will supply its ContraTherm C25 insulation system for the production pipeline end termination (PLET) and production and water alternating gas jumpers. This marks AIS’ fifth award for […]

  • Lomar Declares Three Options to Build Container Vessels

    7 March 2014
    Business & Finance

    Lomar has declared a further three options to build new container vessels at Chinese shipyards. The company now has over 20 firm newbuilding orders for container ships and bulk carriers within its fleet of over 60 vessels. The company has declared its final two options in a total order for six 1,100 TEU container vessels […]

  • Triyards Bags $100 Mln in Contracts

    9 March 2015
    Business & Finance, Operations & Maintenance, Project & Tenders

    TRIYARDS has secured deals for two ice-class Multi-Purpose Support Vessels (MPSVs) (which excludes owner furnished equipment) as well as a turret fabrication job worth over US$100 million. The MPSV contracts were signed with Ocean Energy Ventures, a wholly-owned subsidiary of MDL Marine Holdings, and will extend the earnings visibility for the offshore vessel fabrication and […]

  • Industry: EU Mediterranean Crisis Summit Falls Short

    24 April 2015

    Commenting on the European Council’s decision on migrant rescue operation in the Mediterranean, the merchant shipping industry questioned the fact that operation Triton remains within the mandate of FRONTEX, the EU border agency. Namely, this raises serious questions about the extent to which these efforts will fully ensure the immediate prevention of further loss of life, the International Chamber […]

  • Shell, BP, TotalEnergies, Eni, Equinor, ExxonMobil, Chevron, and ConocoPhillips get their hands on total profits of more than $29 billion

    4 November 2024
    Business & Finance, Business Developments & Projects, Exploration & Production

    European and U.S. oil majors – the UK’s duo Shell and BP, France’s TotalEnergies, Norway’s Equinor, and Italy’s Eni alongside U.S.-based trio: ExxonMobil, Chevron, and ConocoPhillips – have posted strong sets of results even though they collected around $4.7 billion less in combined profit during the quarter, which amounts to about 29.2 billion, compared to $33.9 billion gathered in the prior quarter.

  • UK’s shift in net-zero policy raises red flag: Is this a godsend for people’s pockets or wishful thinking?

    22 September 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Environment, Exploration & Production, Project & Tenders, Regulation & Policy, Rules & Regulation, Transition

    A deep dive into the backlash and other prominent reactions related to the UK’s Prime Minister’s recent changes in net-zero policy.

  • Statoil takes over Carcara discovery (Brazil)

    23 November 2016

    Statoil has completed the $2.5 billion worth acquisition and took over operatorship of a license BM-S-8 located in the Santos basin offshore Brazil. Namely, the Norwegian and Brazilian oil giants, Statoil and Petrobras, have completed their transaction announced back in July, whereby Statoil has acquired Petrobras’ 66% operated interest of the BM-S-8 offshore license that […]

  • Petrobras E&P Boss: Technology can Reduce ‘Time to First Oil’

    4 November 2013
    Equipment

    Petrobras’ Director for Exploration and Production, José Formigli, stressed the importance of developing offshore technology and the ability to manage risk in large projects that, in his view, should not only focus on exploration, but mainly on production. The aim is to reduce the ‘time to first oil’ and the total cost to extract offshore […]

  • Gallery: IHC launches ‘Seven Rio’ pipe layer

    28 November 2014

    Royal IHC (IHC) has today launched Subsea 7’s 550t pipelaying vessel, Seven Rio, at its shipyard in Krimpen aan den IJssel, The Netherlands. The naming ceremony was performed by Anelise Lara, Petrobras Executive Manager for the Libra Project. The Seven Rio is the second of four vessels in total ordered specifically for operation in Brazilian […]

  • Aquarius Gets Permission to Disembark Migrants in Malta

    15 August 2018
    Business & Finance

    Rescue ship Aquarius, carrying 141 migrants, received permission to enter Maltese territorial waters.

  • SBM Offshore firms up Sepetiba FPSO contract with Petrobras

    12 December 2019
    Business & Finance, Infrastructure

    SBM Offshore has signed contracts with Petrobras for the 22.5 years lease and operation of FPSO Sepetiba.

  • Northern Drilling in dispute with South Korean yard over canceled drillship

    29 November 2019
    Exploration & Production

    Offshore drilling contractor Northern Drilling and South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) are in dispute over a canceled drillship order.

  • Saipem BoD approves appointment of CEO

    12 May 2014
    Business & Finance

    The Board of Directors of Saipem S.p.A. held a meeting on May 6, 2014, and confirmed the appointment of Umberto Vergine as CEO of Saipem S.p.A. Umberto Vergine, born in Milan in 1957 is a Chartered Civil Engineer from Politecnico di Milano and joined Eni in 1984. Having started his career in Agip as Petroleum Engineer, […]

  • Highlights of the Week

    2 August 2015

    Subsea World News has put together a recap of the most interesting articles from the previous week (July 27– August 02). DOF Subsea, a subsidiary of DOF ASA, has reached an agreement with Subsea 7 for the chartering of the vessels Skandi Acergy, Skandi Seven and Skandi Skansen. Subsea 7 has committed to a 3-year […]

  • Lomar Eyes More Container Vessels at Chinese Yards

    7 March 2014

    Lomar, the shipping subsidiary of the Libra Group, has declared further three options to build new container vessels at Chinese shipyards. The company now has over 20 firm newbuilding orders for container ships and bulk carriers within its fleet of over 60 vessels. The company has declared its final two options in a total order […]

  • Douglas-Westwood: Demand for Deepwater Construction Vessels on the Rise

    28 October 2013
    Business & Finance

    Douglas-Westwood (DW), a provider of market research and consulting services within the engineering, OEM and field services sectors of the energy industry, expects that over the next five years the Brazilian NOC will account for 35% of global demand for deepwater subsea construction vessels and more acutely 60% of dedicated flexlay vessels – that‘s serious […]

  • Hoegh LNG Q3 Profit Up, Norway

    30 November 2012

    Höegh LNG of Norway said its operating profit before depreciation for the third quarter of 2012 was USD 13.2 million, up 53% from USD 8.6 million in the third quarter 2011. Highlights Profit before tax USD 1.1 million, up from a loss of USD 2.0 million in the third quarter 2011 Total income USD 38.0 […]

  • Singapore: Sembcorp Secures First Orders in 2013

    17 January 2013
    Business & Finance

    Sembcorp Marine’s wholly-owned subsidiary Sembawang Shipyard, a global leader in the highly specialised segment of cruise ship repairs, refurbishment and conversion, ushered in 2013 with a series of 4 cruise ships in January. Another 8 cruise ships have been secured for refits in 2013 with total estimated sales in the region of S$60 million (approx […]

  • Hoegh LNG Q4 income flat

    26 February 2015

    Höegh LNG of Norway reported USD 45.3 million in total income for the fourth quarter 2014, as compared to USD 45.5 million in the same period a year before. The company’s  operating profit before depreciation (EBITDA) was USD 6.8 million (USD 1.5 million in 2013). EBITDA increased compared to fourth quarter 2013 mainly due to […]