Search results for: Magnus

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  • 16 July 2014
    Business & Finance

    Construction has began for Seven Seas Explorer, scheduled to debut in summer 2016, at the Fincantieri shipyard in Genoa, Italy.   The crisp pop of a cork being freed from a Krug Grande Cuvée magnum initiated a laser, which cut the ceremonial first piece of steel for the new ship. “We’re one step closer to […]

  • 27 October 2017
    Business & Finance

    The Seafarers’ International Union of Canada (SIU) has called on shipping company Algoma Tankers to “cease illegal strike breaking”. Namely, after Canadian officers commenced legal strike actions on October 21, Algoma Tankers Limited temporarily employed foreign workers in Canada. The SIU has also contacted the federal department of Economic & Social Development Canada (ESDC), as the […]

  • 30 May 2012
    Business & Finance, Research & Development

    A&P Group is determined to continue to deliver growth for its business in the North East. Against the background of a very competitive market place for its services, and to build on the ship repair, fabrication and conversion business, the Group recognises the potential opportunities and challenges in the offshore Oil and Gas sector, as […]

  • 15 May 2017
    Business & Finance

    The state’s revised 50-year comprehensive Coastal Master Plan to protect and restore Louisiana’s endangered coast, was heard by the Louisiana Senate Natural Resources committee, along with the Fiscal Year 2018 annual plan for project expenditures in the upcoming state fiscal year. Both plans were approved and will await a hearing on the Senate floor when, […]

  • 17 May 2013

    Hess Corporation, a New York-based oil and gas exploration firm, has announced that it has reached an agreement with Elliott Management to resolve its proxy contest. Under the terms of the agreement, Elliott will withdraw its slate of five director nominees and support the election of Hess’ five new directors: John Krenicki Jr., Fredric Reynolds, […]

  • 30 May 2012

    A&P Group is determined to continue to deliver growth for its business in the North East. Against the background of a very competitive market place for its services, and to build on the ship repair, fabrication and conversion business, the Group recognises the potential opportunities and challenges in the offshore Oil and Gas sector, as […]

  • 2 June 2013

    Cheniere Starts Construction on Sabine Pass Liquefaction Trains 3 and 4, USA Cheniere Energy Partners said that its Board of Directors has made a positive final investment decision for the development and construction of Trains 3 and 4 of the Sabine Pass Liquefaction Project being developed adjacent to the Sabine Pass LNG terminal. Cheniere Partners […]

  • 12 October 2017
    Business & Finance

    Carnegie Clean Energy has appointed Terry Stinson and Mark Woodall as new non-executive directors to its Board of Directors, effective from Carnegie’s Annual General Meeting on November 15, 2017. At the same time, the company’s current Chairman of Directors, Jeff Harding, will retire from his role as Chairman and from the Board of Directors and Stinson will be elected to […]

  • 20 July 2011

    ESB’s WestWave Project has been selected by the Department of Communications, Energy and Natural Resources (DCENR) as one of the projects to go forward for evaluation by the European Investment Bank (EIB) under the EU New Entrant Reserve (NER300) funding mechanism. The WestWave Project aims to develop the first wave energy project in Ireland by […]

  • 27 April 2015
    Business & Finance

    Bermuda-registered dry bulk shipping company Golden Ocean Group Limited has taken various initiatives with respect to its fleet, including adjustments to its newbuilding program, as it endeavors to strengthen its cash position and balance sheet in the current weak market.  Within the framework of those measures, Golden Ocean has agreed a sale leaseback transaction of eight of its owned Capesize […]

  • 20 July 2011

    ESB’s WestWave Project has been selected by the Department of Communications, Energy and Natural Resources (DCENR) as one of the projects to go forward for evaluation by the European Investment Bank (EIB) under the EU New Entrant Reserve (NER300) funding mechanism. The WestWave Project aims to develop the first wave energy project in Ireland by […]

  • 20 July 2011

    ESB’s WestWave Project has been selected by the Department of Communications, Energy and Natural Resources (DCENR) as one of the projects to go forward for evaluation by the European Investment Bank (EIB) under the EU New Entrant Reserve (NER300) funding mechanism. The WestWave Project aims to develop the first wave energy project in Ireland by […]

  • 4 December 2014

    The Maritime Union of Australia (MUA) urged the Senators to reject the Abbott Government’s Migration and Maritime Powers Legislation Amendment Bill, which is currently before the Senate. MUA National Secretary Paddy Crumlin said the Bill deserves to be voted down on several fronts. According to Crumlin, the Abbott Government’s new Bill would allow the Immigration Minister […]

  • 12 June 2017
    Business & Finance

    UK-based oil and gas company Rockhopper Exploration’s chief operating officer Fiona MacAulay will be relinquishing her position on July 4 to become the CEO of Echo Energy. MacAulay is a geologist with over 30 years of experience in the oil and gas industry including time at Mobil, Amerada Hess, and BG. She joined Rockhopper in […]

  • 11 September 2015
    Business & Finance

    Erin Energy, formerly known as CAMAC, has announced changes within its management structure. The company explained in its press release on Friday that the changes were made as a response to recent drilling and production successes, and to support the company’s growth strategy. Segun Omidele, Senior Vice President, Exploration and Production, has been appointed Chief Operating […]

  • 15 September 2016

    Rockhopper, an independent oil and gas company working in partnership with Premier Oil to bring online the Sea Lion field, located offshore the Falkland Islands, has said the costs have been cut down significantly at the project. As the partners are working through the front end engineering design (FEED), they have managed to reduce the […]

  • 30 July 2014
    Business & Finance

    High risk jobs need to be faced with the correct levels of protective clothing. In the case of maritime personnel, body armor is one form of protection that should not be overlooked. The fact that there’s an increased level of difficulty in determining just when a threat may be faced, prepared maritime security personnel will […]

  • 12 July 2013
    Business & Finance

    Ballast Nedam today released its financial results for the first half of 2013. Operating profit of € 1 million (1st half of 2012: € 4 million) Profit for the period: loss of € 3 million (1st half-year 2012: break-even) Revenue 14% lower at € 496 million (1st half of 2012: € 575 million) Order book […]

  • 11 August 2008

    Driving rain and a bracing Force 5 deterred many competitors from the race track on the final day of Skandia Cowes Week but the 14 remaining unclaimed trophies found worthy winners as class warfare continued to the bitter end. Conditions in the Solent were positively wintry as gusts reached 30 knots and with big and […]

  • 9 March 2012
    Business & Finance

    Ballast Nedam has performed well, certainly considering the bleak market conditions, increasing competition and price pressure. This situation will persist in the coming years. The operating profit achieved of € 19 million was in line with the forecast issued in March last year of between € 15 million and € 20 million. The profit for […]