1205 results found for 'Libya'

1205 results found for 'Libya'
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  • Deepwater Construction Vessels: Brazil with a Pinch of (Pre) Salt?

    28 October 2013
    Business & Finance, Operations & Maintenance

    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 […]

  • Total and Petrobras join forces in ‘key areas’

    24 October 2016

    Brazilian state-owned oil giant Petrobras and French oil company Total have agreed to cooperate on upstream as well as downstream projects in Brazil and internationally.  According to Total’s statement on Monday, Pedro Parente, CEO of Petrobras, and Patrick Pouyanné, Chairman and CEO of Total, signed on Monday, in Rio de Janeiro, a Memorandum of Understanding […]

  • Star Bulk Sees Worst Quarter in 30 Years

    30 June 2016
    Business & Finance

    Athens-based dry bulk shipping company Star Bulk Carriers Corp. reported its net loss reached USD 48.8 million for the first quarter of 2016, against a net loss of USD 40.2 million seen a year earlier, as the company marked its worst quarter in the last 30 years. “The first quarter of 2016 was the worst of the last 30 years, as freight […]

  • 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 […]

  • France: Damen Shiprepair Brest Serviced 50 Vessels in First Year of Operation

    15 May 2013
    Vessels

    Since acquiring Sobrena, Damen Shiprepair Brest has serviced 50 vessels from leading shipowners and managers. The yard’s work portfolio includes a large number of Afra/Suezmax tankers and LNG carriers. The latest project concerns the Höegh LNG owned and MOL LNG Transport managed 123,800M3 LNG LIBRA, which is presently at the yard. Jos Goris, Managing Director […]

  • Diamond Offshore taking over marketing rights for two drillships

    9 May 2024
    Business & Finance, Business Developments & Projects

    Diamond Offshore has sealed a deal with Eldorado Drilling to be in charge of marketing rights for two seventh-generation drillships.

  • Busy First Year for Damen Shiprepair Brest

    15 May 2013

    Since acquiring Sobrena, Damen Shiprepair Brest has serviced 50 vessels from leading shipowners and managers. The yard’s work portfolio includes a large number of Afra/Suezmax tankers and LNG carriers. The latest project concerns the Höegh LNG owned and MOL LNG Transport managed 123,800M3 LNG LIBRA, which is presently at the yard. Jos Goris, Managing Director […]

  • Italy: Eni Net Profit Up

    30 October 2012

    Eni, the international oil and gas company, announced its results for the third quarter and the nine months of 2012. Financial highlights Continuing operations: Adjusted operating profit: €14.80 billion for the nine months (up 13.9%); €4.36 billion for the quarter (up 2.2%); Adjusted net profit: €5.61 billion for the nine months (up 4.6%); €1.78 billion […]

  • Top Stories of the Week (Apr 1 – Apr 6, 2013)

    14 April 2013

    Norway: Contract Signed for Havyard 857 Subsea IMR Vessel Marine Platforms Limited (MPL) have signed a contract with Havyard Group for the delivery of a Havyard 857 Subsea IMR Vessel. The vessel will be Havyard Newbuilding No. 115 and is scheduled to be delivered… Video: USS Abraham Lincoln’s USD 2.6 Bln RCOH Kicks Off Huntington […]

  • BP Makes a Significant Deep Gas Discovery in West Nile Delta,Egypt

    24 November 2010
    Business & Finance

    BP Egypt announced today that it has made a significant gas discovery in the Deepwater West Nile Delta area. The Hodoa discovery is located in the West Mediterranean Deepwater, Nile Delta concession, some 80 km northwest of Alexandria. The WMDW-7 well was drilled to a depth of 6350 metres and is the first Oligocene Deep […]

  • BP starts up Egypt’s West Nile Delta stage two production

    11 February 2019

    UK-based energy giant and LNG player BP produced first gas from the second stage of its West Nile Delta development offshore Egypt.

  • Sembcorp Marine put in charge of FEED work for Dorado FPSO

    10 September 2021
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Vessels

    Singapore’s Sembcorp Marine has secured a contract from Altera Infrastructure to undertake the FEED work for Santos’ Dorado FPSO.

  • IEA: Global oil supply rises on OPEC’s record production boost

    15 April 2015

    The IEA Oil Market Report for April raised its forecast of 2015 global oil demand by 90 000 barrels per day (90 kb/d) to 93.6 million barrels per day (mb/d), a gain of 1.1 mb/d on the year, informing subscribers that the notable acceleration from 2014’s 0.7 mb/d growth builds on cold first-quarter temperatures and […]

  • Lomar teams up with Alicia Bots on autonomous hull cleaning technology

    10 October 2023
    Equipment

    Lomar, a maritime subsidiary of global business group Libra Group, has revealed its collaboration with tech provider Alicia Bots to integrate robotic hull inspection and grooming solutions into its biofouling control practices.

  • Petrobras postpones Mero 1 first oil due to FPSO delays

    7 April 2021
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Vessels

    Petrobras has revealed that the first production from its Mero 1, through FPSO Guanabara, has been postponed due to FPSO construction delays.

  • Singapore: Sembawang Shipyard Sets New Record

    17 January 2013

    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 […]

  • DW: Demand for Deepwater Construction Vessels on the Rise

    28 October 2013

    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 […]

  • $100 million worth of contracts for Triyards

    9 March 2015
    Business & Finance, Equipment

    TRIYARDS Holdings Limited  has secured deals for two iceclass Multi-Purpose Support Vessels (MPSVs) as well as a turret fabrication job worth over US$100 million. These come less than two months after the recent US$75.4 million win for two liftboat contracts in early January.  The MPSV contracts were signed with Ocean Energy Ventures Ltd, a wholly-owned subsidiary of MDL […]

  • PIRA: bargain buying in India offers peek into future spot trade

    15 October 2014

    NYC-based PIRA Energy reported that India’s bargain buying offers peek into future spot trade. In Europe, commercial flows manage to dodge chaos, but risk remains real. The question of opportunistic buying remains a compelling one in the LNG trade. When it does not occur (China, with one exception, for example) is as interesting and telling about […]

  • SBM Offshore and Petrobras firm up Mero FPSO deal

    30 November 2021
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Vessels

    FPSO operator SBM Offshore has signed contracts with Petrobras for the 22.5 years lease and operation of FPSO Alexandre de Gusmão.

  • Seadrill targets further savings after profit nose-dives

    26 May 2016
    Exploration & Production

    Deepwater drilling contractor Seadrill is eyeing further cash savings after posting a lower profit and revenues for the first quarter of 2016 due to lower dayrates for several of its drilling rigs.  During the quarter, Seadrill’s reported net income fell to $88 million, compared to $448 million in the first quarter 2015. Excluding non-recurring items and non-cash […]

  • Highlights of the Week

    14 May 2017
    Business & Finance

    Subsea World News has put together a recap of the most interesting articles from the previous week (May 08 – May 14). Gazprom informed that the construction of the TurkStream gas pipeline has started in the Black Sea near the Russian coast. Pipelaying is carried out by the Audacia vessel owned by Allseas, the construction contractor […]

  • Update 2: Bintan Dodges Oil Spill

    6 January 2015
    Business & Finance

    The oil that spilled from Libyan-registered oil tanker Al Yarmouk is not headed towards the island of Bintan based on the satellite imagery obtained on January 4, the Maritime and Port Authority of Singapore (MPA) informed. The ship managers of Al Yarmouk, V. Ships UK Ltd estimate that 4,500 tonnes of Madura crude oil spilled from the tanker after it […]

  • Lomar secures refinancing for eco-friendly boxship duo

    7 February 2023
    Business & Finance, Business Developments & Projects, Vessels

    UK-based shipowner Lomar Shipping, part of LIbra Group, has secured a $27.5 million credit facility from Australian financial services firm Macquarie Group to refinance two vessels in its diverse fleet.

  • Total wins new deep offshore block in Brazil

    11 October 2019

    French Total and its co-venturers Qatar Petroleum and Petronas have won the C-M-541 deep offshore block in the 16th Bidding Round held by Brazil’s National Petroleum Agency.