Search results for: Sage

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  • 14 May 2013

    InterOil recorded a net profit for the quarter ended March 31, 2013 of $4.0 million, compared with a profit of $9.4 million for the same period in 2012, a decrease of $5.4 million. The operating segments of Corporate, Midstream Refining and Downstream collectively returned a net profit for the quarter of $18.5 million. Investments in […]

  • 14 January 2016
    Business & Finance

    Cochin Shipyard’s unionized workers are protesting the proposed initial public offering (IPO) which would see Indian government relinquish its stake in the shipyard in order to raise funds for infrastructure expansion, The Hindu reports. According to the workers, if the government of India does not change its mind about the sale, they would stage an indefinite strike. […]

  • 7 July 2017
    Business & Finance

    German shipping trust Marenave Schiffahrts has been successfully released from the remaining liabilities owed to the banks as it completed the sale of its car carrier. Namely, the company was released from liability owed to the banks financing the Marenave fleet in connection with the obligations taken on to secure the ship financing loans after surplus […]

  • 5 May 2016

    Spanish oil company Repsol saw its net income for the quarter drop by 43 percent when compared to the prior-year quarter.  The company’s net income dropped to 434 million euros in the first quarter 2016, from 761 million euros in the same period last year. Repsol posted an adjusted net income of 572 million euros in […]

  • 21 April 2011

      Fluor Corporation announced today that its Houston, Texas, office recently achieved the significant safety milestone of 100 million safe work hours without a lost-time incident. During the 17-year span, dating back to 1994, thousands of office employees have worked safely with no lost-time injuries. To commemorate the occasion, the company held a celebration for […]

  • 31 May 2017

    Claxton, an engineering and services company in subsea services group Acteon, has deployed its new WellRaizer modular conductor recovery system to support the rigless recovery of seven abandoned wells on the Norwegian Continental Shelf. In a statement on Wednesday, Claxton explained that its WellRaizer has been designed, engineered, and developed to allow the recovery offshore […]

  • 15 December 2011

    Oceansaver has achieved a milestone for the ballast water treatment industry with the commissioning of the first treatment system to include filters on a crude oil tanker in Korea. The 159.000 DWT Suezmax tanker, Ottoman Integrity, is being delivered from a Korean shipyard for Turkish owner Gungen Maritime & Trading, and the installed OceanSaver system […]

  • 1 February 2018
    Project & Tenders

    UK-based IOG has pushed back the date of first gas from the Blythe and Vulcan Satellites gas hubs in the North Sea.

  • 7 August 2017
    Business & Finance, Operations & Maintenance, Research & Development

    International Association of Geophysical Contractors (IAGC) president Nikki Martin issued a statement after the Bureau of Ocean Energy Management (BOEM) released its final Programmatic Environmental Impact Statement (PEIS) for U.S. Gulf of Mexico Geological and Geophysical Activities. In her statement Martin said: “Today, the BOEM issued a final PEIS that jeopardizes one of the most […]

  • 23 April 2014
    Business & Finance, Equipment

    UAE-based global marine solutions provider, Marsol International and chemical engineering specialist Aubin Group have announced a partnership agreement to provide an ‘industry first’ total pigging solution for non-piggable pipelines. Marsol and Aubin delivered a solution by completing the successful displacement of pipeline preservation fluid in three, 48 inch pipelines using sales oil providing an extremely […]

  • 4 October 2016
    Business & Finance

    Swedish tanker shipping company Concordia Maritime has entered a sale and leaseback agreement for the IMOIIMAX tanker Stena Image with a Japanese financial institution. The tanker will be chartered back to Concordia Maritime on a bareboat basis for eight years, with annual purchase options from year four onwards. Concordia Maritime said that the sale price is USD 37.5 […]

  • 5 September 2013
    Business & Finance

    Larger, more visible beacons will soon replace small buoys in the port channels, improving visibility and making Port Phillip Bay a safer place for all users. The Bay is a popular recreational space for many Melburnians – but it is also the sea highway leading to Australia’s busiest port. The new beacons will be driven […]

  • 6 November 2013

    Finnish-based naval architecture and engineering firm Deltamarin is reorganising its operations in Brazil office in Rio de Janeiro. The office continues temporarily unmanned. Deltamarin operations in Brazil will not be closed down as the company will continue taking care of sales and projects from the headquarters in Finland. In addition, the address of the Rio de […]

  • 28 February 2013

    Norway’s Electromagnetic Geoservices ASA (EMGS) has secured multi-client late sales worth approximately USD 10 million. These sales stem from a combination of the company’s 3D EM data library in Brazil, the Norwegian Sea and the Barents Sea. The revenues will be recognized in the first quarter of 2013. EMGS uses its proprietary electromagnetic (EM) technology […]

  • 10 September 2015
    Business & Finance

    Owner of drybulk carriers DryShips Inc. has entered into firm sales agreements with entities controlled by the Company’s Chairman and Chief Executive Officer, George Economou, to sell 17 vessels. The 17 vessels, comprised of 13 Capesize and 4 Panamax bulk carriers, are being sold for an aggregate price of USD 377 million, DryShips said. The […]

  • 17 July 2012
    Business & Finance

    The St. Lawrence Seaway is one of the most important transportation links in North America. To maximize the efficient use of the seaway, in 2001, the Seaway authorities started to a study which would determine the maximum load ships can carry while maintaining a safe Under-Keel Clearance (UKC). Over the years the maximum draft of […]

  • 1 July 2020
    Business & Finance, Business developments & projects

    Brazilian oil firm Petrobras has started the opportunity disclosure stage (teaser) regarding the sale of its stake in the shallow-water Tartaruga field located in the Sergipe Alagoas Basin offshore Brazil.

  • 12 March 2010

    Wealthy investors are buying super yachts again and even those who can’t afford to buy them are indulging in the increasingly popular option of fractional ownership. Global sales of superyachts increased nearly five fold in the first two months of 2010, compared with the same period a year ago, as demand returns for one of […]

  • 2 May 2014

    Westport said its revenue, excluding joint ventures’ revenues, for the quarter ended March 31 was $41.9 million compared with $30.1 million for the same period last year, an increase of 39%. “We have made a step change this quarter with Westport revenue growth of 39% year-over-year and significant improvement on adjusted EBITDA from operations, from […]

  • 7 January 2016

    Norwegian seismic surveyor TGS has seen its 4Q 2015 revenues more than halved from the same period last year and expects its multi-client investments to be slashed by more than 50 percent due to lower activity.  Based on a preliminary review of sales and investments, the company reported net operating revenues for the fourth quarter […]

  • 26 July 2018

    The Hague-based LNG giant Shell reported an increase in profit for the second quarter and the first half of the year as Integrated Gas and Upstream businesses’ contributions rise. 

  • 2 July 2013

    Worldwide Power Products (WPP), a power-generation equipment provider, recently announced it has licensed the rights to sell Hythane Company’s OptiBlend solution. WPP said in a statement on Thursday will offer OptiBlend-equipped diesel engines and generator sets for sale and rental and will also sell retrofitting services to owners of existing diesel generators. “With OptiBlend, standard […]