Search results for: Sage

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A list of search results

  • 21 May 2019
    Exploration & Production, Project & Tenders

    Zennor Petroleum has completed drilling and testing operations at its operated Finlaggan field development in the UK Central North Sea.

  • 23 May 2019

    Oil and gas company Marathon Oil UK has been fined £1.16 million ($1.5 million) following an HSE investigation into a high-pressure gas release on its Brae Alpha offshore platform in the North Sea on Boxing Day 2015. HSE is Britain’s national regulator for workplace health and safety. According to its statement on Monday, Aberdeen Sherriff Court […]

  • 25 February 2019
    Business & Finance

    RockRose has signed a share purchase agreement to acquire 100% of Marathon Oil’s UK businesses.

  • 31 January 2013

    LNG player Royal Dutch Shell said it has sold 20.20 million tonnes in 2012, up 7% than in 2011, mainly reflecting the successful ramp-up of Qatargas 4 LNG in Qatar and the start-up of Pluto LNG in Australia. Shell sold 5.49 million tonnes of LNG in the fourth quarter, up 13% compared with the same […]

  • 6 March 2014
    Business & Finance

    From the military’s perspective, there is no doubt that America’s national and economic security remain dependent on a strong U.S.-flag Merchant Marine. That message was delivered emphatically to the Maritime Trades Department Executive Board during its two-day meeting in Houston by the deputy commander of the U.S. Transportation Command (USTRANSCOM), the national president of the […]

  • 19 February 2014

    From the military’s perspective, there is no doubt that America’s national and economic security remain dependent on a strong U.S. Merchant Marine. That message was delivered emphatically to the Maritime Trades Department (MTD) executive board in Houston by the deputy commander of the U.S. Transportation Command (USTRANSCOM), the national president of the Navy League of […]

  • 9 September 2010
    Business & Finance

    Dana  announced that the Company (through its subsidiary Dana Petroleum (E&P) Limited) has entered into an agreement with Petro-Canada UK Limited (“Petro-Canada UK”), a wholly owned subsidiary of Suncor Energy Inc. (“Suncor”), to acquire Petro-Canada UK’s interests in certain UK assets (the “PCUK Assets”) for a cash consideration of £240 million (approximately $372 million) (the […]

  • 28 July 2017
    Business & Finance

    Monaco-based dry bulk shipping specialist Safe Bulkers has managed to reduce its net loss in the second quarter of 2017 to USD 1.6 million as compared to USD 9 million reported in the same period in 2016. Net revenue for the three-month period ended June 30, 2017 increased by 34% to USD 35 million from […]

  • 22 September 2015
    Business & Finance

    NYSE-listed dry bulk shipping company Safe Bulkers, Inc. has entered into a sale and leaseback agreement with an undisclosed bank for four of its existing Kamsarmaxes. Under this agreement, the aggregate net proceeds for the four vessels was USD 92.1 million. Safe Bulkers leased each vessel back for a period of 10 years, on a net daily […]

  • 22 September 2015
    Business & Finance

    NYSE-listed dry bulk shipping company Safe Bulkers, Inc. has entered into a sale and leaseback agreement with an undisclosed bank for four of its existing Kamsarmaxes. Under this agreement, the aggregate net proceeds for the four vessels was USD 92.1 million. Safe Bulkers leased each vessel back for a period of 10 years, on a net daily […]

  • 27 June 2014

    SAFE, Norwegian Union of Energy Workers, yesterday accepted the offshore workers’ wages deal proposed by the National Mediator, thus averting a possible strike of offshore workers on the Norwegian Continental Shelf. “We are pleased that the Norwegian Union of Energy Workers (Safe) has chosen to accept the National Mediator’s proposed solution for the offshore agreements,” says […]

  • 17 January 2020
    Business & Finance

    Safe Bulkers has entered into sale and leaseback agreements with respect to eight vessels.

  • 11 February 2016
    Business & Finance

    Greece-based dry bulk shipowner Safe Bulkers has sold two Panamx vessels to entities controlled by Polys Hajioannou, the company’s Chairman and Chief Executive Officer. The vessels in question are the Stalo, an 87,000 dwt Post-Panamax vessel built in 2006, and the Kypros Unity, a 78,000 dwt Panamax vessel built in 2014 and they were sold for […]

  • 20 February 2019
    Business & Finance, Rules & Regulation

    The company plans to install scrubbers in almost half of its fleet.

  • 3 October 2017
    Business & Finance

    Monaco-based owner of dry bulk carriers Safe Bulkers has refinanced USD 74.9 million loans outstanding, the company said. The refinancing was carried out via a new loan facility of USD 49.6 million and USD 17 million cash on hand, resulting in a debt write-off of about USD 8.3 million. “We continued our actions towards improving […]

  • 3 June 2016
    Business & Finance

    Dry bulk owner and operator Safe Bulkers sank further into the red during the first quarter of the year having reported a net loss of USD 17.8 million, almost tripling the loss of USD 6 million posted during the same period in 2015. Adjusted net loss for the first quarter of 2016 was USD 14.4 million as compared […]

  • 30 August 2017
    Business & Finance

    Norway-based shipping company Saga Tankers recorded a net income of NOK 41.4 million (USD 5.3 million) in the first half of this year, down from a net income of NOK 116.1 million (USD 15 million) posted in the same period a year earlier. EBITDA for the first half dropped to NOK 42.4 million from NOK […]

  • 12 December 2018
    Business & Finance

    ADNOC has completed the industry’s first co-loading of LPG and propylene onto the same vessel.

  • 11 November 2020
    Business & Finance, Business developments & projects, Equipment

    Back-deck equipment specialist Maritime Developments MDL has opened a new global head office in Westhill, Aberdeenshire, Scotland. The cost-saving move merges two office-based teams previously spread between Aberdeen and Peterhead. This allowed the company to consolidate the costs associated with running two premises, as well as improve productivity. The ‘Maritime House’ integrates MDL’s business acquisition […]

  • 20 July 2015

    Wärtsilä of Finland said its order intake increased 2% to €1,159 million in the second quarter of 2015, as compared to the same period last year.

  • 20 July 2015

    Wärtsilä of Finland said its order intake increased 2% to €1,159 million in the second quarter of 2015, as compared to the same period last year.

  • 19 May 2017
    Business & Finance

    Monaco-based dry bulk shipping specialist Safe Bulkers has reduced its net loss in the first quarter of 2017 to USD 3.3 million as compared to USD 14.4 million loss reported for the same period in 2016. The company’s net revenue for the first quarter of 2017 increased by 35% to USD 33.3 million from USD 24.7 […]