Search results for: Sage

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  • 11 November 2011
    Business & Finance

    Department of the Interior Secretary Ken Salazar and Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau yesterday announced that BOEM would hold the first oil and natural gas lease sale in the Gulf of Mexico since the Deepwater Horizon explosion and oil spill. This announcement is consistent with steps President Obama announced in […]

  • 22 July 2016
    Business & Finance

    South Korean shipbuilding major Hyundai Heavy Industries (HHI) added USD 4.1 billion worth of new orders to its orderbook in the first half of 2016, a 44.4% drop compared to the results for the same period a year earlier when the company recorded close to USD 7.4 billion worth of new orders. HHI’s shipbuilding sector received […]

  • 31 July 2015
    Business & Finance

    Monaco-based dry bulk specialist Safe Bulkers reported USD 4.4 million net loss for the second quarter of 2015, compared to net income of USD 2.1 million during the same period in 2014, driven largely by a 15% decrease in net revenue for the quarter ended June 30. The quarterly net revenue was USD 31.8 million, compared to USD 37.2 million reported for 2QFY2014. The […]

  • 21 March 2019
    Business & Finance

    Norwegian Council on Ethics for GPFG plans to turn its attention towards Indian shipbreaking practices.

  • 9 February 2018
    Business & Finance

    South Koran shipbuilder Hyundai Heavy Industries (HHI) ended the fourth quarter of 2017 with a widened net loss.

  • 18 April 2012
    Equipment, Technology

      Hyundai Heavy Industries, the world’s biggest shipbuilder and a leading construction equipment manufacturer, has announced that it is exhibiting construction equipment at INTERMAT 2012 in Paris, France. At the expo, Hyundai Heavy is presenting the new eco-friendly 9A Series and hybrid excavators that are 25% more fuel efficient. The most significant difference between the […]

  • 21 March 2018
    Business & Finance

    The U.S. will on Wednesday conduct the largest ever offshore lease sale offering more than 77 million acres in the U.S. Gulf of Mexico.

  • 23 December 2015

    A 51%-owned subsidiary of COSCO Corporation (Singapore), Cosco Shipyard Group Co., Ltd, is currently exploring expansion of its sources of funding and optimising its asset structure, the company’s parent said in a stock exchange filing. “The process is still at a very preliminary stage and there is no certainty as to whether the matter will materialise,” […]

  • 6 October 2016
    Operations & Maintenance

    Ithaca Energy informed that it is progressing with the final stages of Stella development, with the first production from the field expected in November 2016. The FPF-1 floating production facility was safely towed to the field, moored on location and the dynamic risers and umbilical connecting the subsea infrastructure to the vessel were installed as […]

  • 29 May 2020
    Business developments & projects, Environment, Infrastructure, Outlook & strategy, Regulation & policy, Transition, Vessels

    US-based ship owner and operator Eagle Bulk Shipping developed a ship recycling policy in 2019, committing itself to a safe and environmentally sound vessel dismantling.

  • 22 August 2011
    Business & Finance

    Secretary of the Interior Ken Salazar and Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) Director Michael R. Bromwich announced that BOEMRE will hold the first oil and natural gas lease sale in the Gulf of Mexico since the Deepwater Horizon explosion and oil spill. Consistent with steps President Obama announced in May 2011 […]

  • 7 January 2015
    Business & Finance, Equipment

    Statoil has today, January 7, awarded the service contracts for seven bases for the company in Norway. These contracts have been awarded to NorSea Group AS, Saga Fjordbase AS and Asco Norge AS. The contracts awarded include terminal and warehouse services as well as storage and pipeline handling. “These contracts, which will involve a long-term […]

  • 23 June 2016
    Business & Finance

    As part of the public safety funding announced in February 2016, the Province of British Columbia is committing $200,000 in funding toward a flood mitigation project in the Central Okanagan that will help protect against flooding in the Lower Mission neighbourhood of Kelowna. Minister of Forests, Lands, and Natural Resource Operations, Steve Thomson, said: “By investing […]

  • 18 July 2014
    Business & Finance, Project & Tenders

    Acting Director of Bureau of Ocean Energy Management (BOEM) Walter Cruickshank has announced that the bureau will offer more than 21 million acres offshore Texas for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Western Gulf of Mexico Planning Area. “As one of the most productive […]

  • 1 March 2018
    Project & Tenders

    Independent Oil and Gas (IOG) has started pigging works on the Thames Gas Pipeline as part of its recommissioning efforts, which will provide IOG with an export route for the Southern North Sea gas assets. Aiming to use the pipeline as an export route for its Southern North Sea assets, IOG signed a sale and purchase agreement regarding […]

  • 20 May 2016

    South Korea’s Kogas, the world’s largest corporate buyer of LNG, informed its sales volume totaled 2.09 million mt for the month of April, down 14.5 pct on the same month the previous year. According to the company’s filing to the stock exchange, gas sales into the power sector reached 876,000mt, a decrease of 22.8 percent from […]

  • 8 June 2016

    Another round of oil and gas industry collective pay talks in Norway, and another breakdown. The fourth, and final round of collective pay talks held this week between employers and workers employed in the oilfield services sector have hit a standstill. Namely, the Norwegian Union of Energy Workers (Safe) has reportedly opted to break off […]

  • 15 October 2014
    Business & Finance, Operations & Maintenance

    On Tuesday, October 14, the Royal National Lifeboat Institution (RNLI) Longhope Lifeboat was requested to launch by the Coastguards. They had been called out to assist a diver who was showing symptoms of decompression sickness aboard the dive boat Radiant Queen. The casualty was transferred to the lifeboat which then set off at full speed […]

  • 18 March 2015
    Business & Finance

    Fuel saving measures aimed at boosting efficiency can have a negative effect on the lashing forces on the containers, according to recent findings from the audits conducted by BMT on more than one hundred container vessels last year. Fuel efficiency monitoring and analyses of the ship’s performance and operational parameters in real time may suggest change […]

  • 29 April 2015

    2G Robotics announces that the ULS-500 underwater laser scanner is now compatible with the QPS hydrographic data acquisition, navigation, and processing software, QINSy. The QINSy suite can be used for various types of surveys, ranging from simple single beam surveys up to complex offshore construction works, the company said. Recently, 2G Robotics performed a structure […]

  • 7 March 2013
    Business & Finance, Equipment

    The robust new BIRNS General-Area Chamber Light-LED™ is an innovative, versatile fixture that safely provides brilliant lighting inside HeO2-atmosphere PVHO chambers. It’s an advanced, customizable solution perfect for submersibles, diving bells, personnel transfer capsules, and a wide range of decompression, recompression and hyperbaric chambers. This unique system provides brilliant white light 3500K illumination with a […]

  • 25 November 2015
    Business & Finance

    All the Chief Executive Officers (CEOs) of the South Korean shipbuilding giant Hyundai Heavy Industries (HHI) will forego their salaries as part of cost cutting measures aimed at restructuring the group and returning back to profit. The measure will include returning of up to 50 percent of directors’ salaries and around 10 percent from department heads, the Korea Times […]