Search results for: Sage

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  • 3 July 2018
    Business & Finance

    The Member for Terrigal, Mr Adam Crouch, has announced that emergency dredging works on the Ettalong Channel started last week (June 25). “The NSW Government has committed to substantial emergency dredging of the Ettalong Channel to ensure it is safe and accessible for all waterway users,” said Mr Crouch. According to him, this $660,000 project […]

  • 23 June 2015

    Norwegian offshore workers might go on strike if tomorrow’s (June 24, 2015) mediation to find agreement on wages between SAFE, a Norwegian Union of Energy Workers, and Norwegian Shipowners’ Association (NSA) fails to yield a solution. Negotiations for mid-term settlement held in May were unsuccessful as the workers had not been offered anything substantial, and the settlement […]

  • 5 September 2017

    Natural gas will become the largest single source of energy from 2034, according to a report by the classification society, DNV GL. While renewable energy will grow its share of the energy mix, oil and gas will account for 44% of world energy supply in 2050, compared to 53% today. DNV GL’s Energy Transition Outlook released […]

  • 5 September 2017

    Oil and gas will be crucial components of the world’s energy future, according to DNV GL’s forecast of the energy transition published on Tuesday.  While renewable energy will grow its share of the energy mix, oil and gas will account for 44% of world energy supply in 2050, compared to 53% today. Gas will become […]

  • 28 April 2014
    Business & Finance, Equipment

    Implementation of the DNV-OS-E406 requirements has become a costly task for oil and shipping companies. Norsafe Group has introduced a davit refit solution that generates significant financial savings when davit and lifeboat replacements are necessary. “Norsafe’s engineering team has developed a davit cassette adapter that makes it possible to use the new free-fall lifeboats without […]

  • 12 November 2013

    InterOil’s recorded net loss for the quarter ended September 30, 2013 was $6.3 million, compared with a profit of $5.3 million for the same period in 2012. The $11.6 million decrease in net profit was mainly due to an $8.6 million increase in foreign exchange losses and a $7.6 million decrease in gross margin on […]

  • 1 February 2017

    Anadarko has reported a net loss $452 million, an improvement when compared to the $1.52 billion net loss in the same quarter of 2015. Revenues for the quarter rose to $2.4 billion, an increase from 4Q 2015 when it reported revenues of around $2 billion. Fourth-quarter 2016 sales volumes of oil, natural gas and NGLs averaged […]

  • 7 April 2014
    Business & Finance

    Swedish engineering group Alfa Laval has signed an agreement to acquire Frank Mohn AS, a leading manufacturer of submerged pumping systems to the marine and offshore markets, for a total cash consideration of approx. $2.1 billion. Frank Mohn, headquartered in Bergen, Norway and with approximately 1,200 employees, generated sales of approx $567.1 million and had […]

  • 31 October 2012
    Business & Finance

    In October, Cargotec received a large order to deliver MacGregor RoRo cargo access equipment for four 45,000 dwt container/RoRo vessels for Italian container shipping specialist, Ignazio Messina & C. S.p.A. The ships will be built at the STX Jinhae shipyard in Korea and the MacGregor RoRo equipment will be delivered between the last quarter of […]

  • 6 September 2018
    Business & Finance

    Hess Corporation has awarded oilfield services provider Wood a three year non-exclusive agreement for the provision of operations, maintenance and other support services in the Gulf of Mexico.

  • 26 June 2019
    Business & Finance

    CHC Group has been awarded a contract from Wintershall Dea to provide helicopter services in support of its forthcoming drilling program in the Norwegian Sea.

  • 3 August 2017

    DNV GL surveyors have carried out the classification society’s first offshore drone survey on the semi-submersible vessel Safe Scandinavia in the North Sea. This 25,383 GT tender support vessel (TSV) is owned and operated by Prosafe, supporting Statoil’s drilling operations off the coast of Norway. Using camera-equipped drones, DNV GL’s drone pilots checked the TSV’s […]

  • 25 October 2017

    DOI has proposed the largest oil and gas lease sale ever held in the United States

  • 22 September 2017
    Business & Finance

     Saga Cruises has confirmed plans to extend its fleet with a second new cruise ship, the Spirit of Adventure, which will be built by Germany’s Meyer Werft. The latest fleet addition is expected to be delivered in summer 2020, joining the Spirit of Discovery which is scheduled to embark on its first cruise in July […]

  • 31 October 2012

    In October, Cargotec received a large order to deliver MacGregor RoRo cargo access equipment for four 45,000 dwt container/RoRo vessels for Italian container shipping specialist, Ignazio Messina & C. S.p.A. The ships will be built at the STX Jinhae shipyard in Korea and the MacGregor RoRo equipment will be delivered between the last quarter of […]

  • 10 August 2017
    Business & Finance

    The ocean freight forwarding industry should embrace technology, according to online freight forwarding company iContainers. “As shippers press on with their demand for speed, transparency, and efficiency, the freight forwarding strives hard to find a quick enough and appropriate response. The solution to this equation lies before our eyes: Technology,” Klaus Lysdal, Vice President of Sales […]

  • 21 July 2014
    Business & Finance, Research & Development

    As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, Bureau of Ocean Energy Management (BOEM) Acting Director Walter Cruickshank 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 […]

  • 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 […]

  • 4 August 2014
    Business & Finance, Equipment, Operations & Maintenance, Research & Development

    Bowleven, the Africa focused oil and gas exploration group, has been awarded the Etinde Exploitation Authorisation (EA), signed by the President of Cameroon. This concludes the final stage of the EA award process. This EA gives Bowleven and its joint venture partners, which will include SNH, the Cameroon State oil company, development and exploitation rights over block […]

  • 4 September 2015

    The U.S. Bureau of Ocean Energy Management (BOEM) is seeking information and nominations from all interested parties regarding proposed oil and gas lease sales in the Gulf of Mexico (GOM) Western, Central and Eastern Planning Areas (WPA, CPA, EPA) for inclusion in the Draft Proposed Five-Year Outer Continental Shelf (OCS) Oil and Gas Leasing Program […]

  • 31 March 2017

    The UK Maritime and Coast Guard Agency has arrested the Malaviya 7 offshore vessel over unpaid wages to the crew. The vessel, owned by India’s Gol Offshore, had been detained in mid- 2016 for the same reason, but was then released following the payment of the wages, only to be detained again in October 2016. […]

  • 13 May 2020
    Equipment, Vessels

    The technology group Wärtsilä has been contracted by Kuwait Oil Tanker Company (KOTC), a subsidiary of Kuwait Petroleum Company (KPC), to retrofit main engines on four very large carriers (VLCCs) with the Wärtsilä Fuel Efficiency Boost solution. Wärtsilä said that the modification will reduce fuel consumption, and correspondingly lessen the environmental impact of the vessels’ operation by […]