Search results for: US$83

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  • 14 July 2010
    Business & Finance, Equipment

    L&T has won an important Offshore Rig Refurbishment Contract from Oil & Natural Gas Corporation (ONGC) valued at Rs.376 crores (about US$83 million). Floating Systems Business Unit (FSBU), L&T’s newly formed division that promises to offer single point responsibility for execution of Offshore Drilling Rigs and Floating Production Units in both Domestic and International markets, […]

  • 2 March 2011

      Empresa Nacional del Petróleo produced a positive consolidated net result of US$ 82 million in 2010, maintaining the trend shown in the third quarter and improving the company’s results, which enabled it to reverse the losses suffered in the first half of the year. This result includes the costs related to the divestment plan […]

  • 21 February 2012
    Business & Finance

    Diana Containerships Inc., a global shipping company specializing in owning and operating containerships, today announced that the Company took delivery of the Panamax container vessel, m/v “APL Sardonyx”, a 1995-built vessel of approximately 4,750 TEU capacity, on Friday, February 17, 2012. As previously announced, the APL Sardonyx is chartered to APL (Bermuda) Ltd., or to […]

  • 24 July 2008

    Brunswick Corp today reported sales of net sales of US$1.5 billion for the quarter ended June 28, 2008, a 2 per cent decline compared to the same period a year ago. The company also reported a net loss of US$6.0 million for the quarter, compared with net earnings of US$56.9 million a year ago. The […]

  • 24 February 2012
    Business & Finance, Operations & Maintenance

    Kreuz Holdings Limited, a subsea service provider for the oil and gas industry, reported that its profit attributable to owners of the company (“Net Profit”) for the full year ended December 31, 2011 (“FY2011”), more than tripled to US$26.6 million on the back of a 182% surge in revenue to US$153.8 million, as compared to […]

  • 18 February 2011
    Business & Finance

    Otto Marine Limited, (“Otto Marine” or the “Group”), a leading offshore marine company which specializes in building complex offshore support vessels, ship chartering and offers specialized offshore services, today  reported its financial results for the twelve/ three months ended 31 December 2010 (“FY2010/ 4Q2010”). Overall, the revenue of the Group increased by over 36% to […]

  • 12 March 2020
    Business & Finance, Human Capital

    Developing 30GW of offshore wind along the US East Coast could support up to 83,000 jobs and deliver USD 25 billion in annual economic output by 2030, according to a report released by the American Wind Energy Association (AWEA). Market projections anticipate 20GW to 30GW of offshore wind capacity will be operational by 2030, representing […]

  • 21 January 2014
    Business & Finance

    A Singapore-based offshore energy services provider, Jaya Holdings Limited has reported consolidated revenue of US$33.0 million and net profit of US$7.2 million for the second financial quarter ended 31 December 2013.   The Group’s revenue for the quarter under review was US$33.0 million. Excluding vessel sales, the quarter’s revenue was 31% higher than the previous corresponding quarter. […]

  • 14 September 2006

    Ramunia Holdings said on Sept 14 that it was in talks with European oil and gas drilling firms for orders to build semi-submersible drilling rigs and that it hoped to win an order soon. A semi-submersible order could range between US$500 million (RM1.83 billion) to around a US$1 billion and would place Ramunia in direct […]

  • 21 March 2016

    Russia’s largest shipping company Sovcomflot on Monday said its net profit for the year 2015 reached US$354.5 million, a 76.3 percent jump compared to $83.9 million a year before.

  • 13 January 2020
    Exploration & Production

    The number of offshore rigs in the U.S. dropped for the third time in a row, according to weekly rig count reports released by Baker Hughes on Friday, January 10.

  • 8 June 2018

    Horizon Geosciences and subcontractor Seaforth Geosurveys have completed the fieldwork phase for geophysical surveys and geotechnical investigations at the Vineyard Wind offshore wind project in Massachusetts, US.

  • 23 February 2013
    Business & Finance, Equipment, Technology, Vessels

    The IMS Model 7012 HP Versi-Dredge can excavate sand and sediments down to a depth of 9.1m (30 ft.) and pump it either through a conventional discharge line or through the IMS Broadcaster Discharge Attachment. The video below shows a 7012 HP Versi-Dredge (2013 Model) in Southeast Asia using the Broadcaster to quickly deepen a […]

  • 20 December 2018
    Business & Finance

    EDF Renewables North America and Shell New Energies have acquired US Wind’s rights for the OCS-A 0499 lease area off New Jersey and formed a joint venture to bring an offshore wind project at the site to realisation.

  • 18 October 2012

    LNG player Woodside of Australia said it has achieved record production and sales revenue in the third quarter, with production volumes of 26.5 million barrels of oil equivalent (MMboe) and sales revenue of US$1,828 million. Woodside recorded a 32% increase in production compared to the prior quarter, largely due to the continued high reliability of […]

  • 7 April 2017
    Business & Finance

    The mid-size tanker market is heading toward a potential recovery from 2018 onwards on the back of the next burst of US exports through infrastructure build outs. “While the increase in US seaborne exports is positive for tankers, the volume of exports isn’t likely to materially move the freight market. For now…,” according to tanker shipping […]

  • 30 May 2017
    Business & Finance

    Greek dry bulker owner Diana Shipping has taken delivery of the m/v Electra, a 2013 built Post-Panamax dry bulk vessel that the company bought in April 2017. Formerly known as Grain May, the 87,150 dwt bulker, built by Chinese Hudong Zhonghua, is valued at USD 18.7 million, according to VesselsValue’s estimates. The ship was bought in an […]

  • 22 September 2016
    Business & Finance

    The National Shipping Company of Saudi Arabia (Bahri) has announced the enrollment of its vessels in the United States Coast Guard’s QUALSHIP 21 program. Less than 10% of the ships that call at US ports meet QUALSHIP 21 eligibility requirements. Valid for three years, the QUALSHIP 21 enrollment provides Bahri with benefits which include limited oversight […]

  • 12 November 2012
    Business & Finance

    Kreuz Holdings Limited, an integrated subsea service provider for the oil and gas industry, today reported that the Group’s revenue increased 33.6% to US$45.5 million for the three months ended September 30, 2012 as compared to US$34.1 million in the previous corresponding period. Net profit was US$10.4 million for 3Q2012 compared to net profit of […]

  • 6 November 2017
    Rules & Regulation

    The National Oceanic and Atmospheric Administration (NOAA) has established regulations to implement a 10-knot speed restriction for all vessels of 19.8 meters or longer in certain locations along the east coast of the US Atlantic seaboard at certain times of the year, GAC informed. As explained, these regulations are designed to protect endangered North Atlantic […]

  • 20 April 2016

    Japan’s imports of liquefied natural gas dropped 6.2 percent in the fiscal year that ended March 31, preliminary data from Japan’s Ministry of Finance showed on Wednesday. The world’s largest buyer of chilled gas imported 83.57 million mt of LNG in the fiscal year spanning from April 2015-March 2016, as compared to 88.51 million mt in the same period […]

  • 17 February 2020
    Exploration & Production

    The number of active offshore rigs in the U.S. remained unchanged at 23 units last week, according to weekly rig count reports released on Friday by Baker Hughes Company.