Search results for: basin

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  • 17 May 2019
    Business & Finance

    Pacific Basin closed a new USD 115 million credit facility, secured over 10 of the company’s owned ships.

  • 3 July 2020
    Business & Finance

    Hong Kong-based dry bulk shipping company Pacific Basin revealed a one-off non-cash impairment charge of $198 million on the group’s Handysize core fleet. The impairment charge relates to primarily its smaller and older Handysize vessels and will be reflected in its unaudited consolidated results for the first half of 2020. Including this impairment, Pacific Basin expected […]

  • 22 November 2018
    Business & Finance

    Pacific Basin Shipping closes a USD 40 million 7-year term loan facility with Danish Ship Finance.

  • 29 July 2016
    Business & Finance

    Due to extraordinarily weak dry bulk market conditions seen in the first half of 2016, the Hong Kong-listed dry bulk shipping company Pacific Basin Shipping reported a net loss of USD 60.4 million, against a net loss of USD 15.4 million seen a year earlier, despite its strong TCE earnings premium. “While we were loss-making over this challenging […]

  • 24 October 2016
    Business & Finance

    Pacific Basin Chartering Limited, a subsidiary of Hong Kong-listed dry bulk shipping company Pacific Basin Shipping, has entered into agreements to issue new shares in the company in exchange for charter rate reductions for ten chartered-in Handysize and Supramax bulkers. Namely, the company entered into ten separate addenda, all dated October 21, to existing long-term time-charter contracts […]

  • 11 November 2016

    The Queensland government on Friday released two prospective areas for petroleum and gas exploration in the Surat and Bowen basins.

  • 25 June 2018
    Business & Finance

    Pacific Basin closed a USD 325 million 7-year reducing revolving credit facility secured over 50 of its ships.

  • 3 July 2012
    Business & Finance

    OGX, the Brazilian oil and gas company responsible for the largest private-sector exploratory campaign in Brazil, has announced that as a result of the evolution of OGX into a new phase, in which production becomes increasingly important, without prejudice to the exploratory campaign, the Company’s Board of Directors, chaired by Mr. Eike Batista, has nominated […]

  • 25 January 2017

    Bridgeport Energy and Metgasco have been awarded tenders to explore approximately 2,150 km2 of the Cooper and Eromanga Basins in southwest Queensland, Australia.

  • 26 May 2020
    Business & Finance, Business developments & projects

    Australian LNG player Santos said Monday it has secured four new gas exploration permits in the Surat Basin east of Roma in Queensland. Two of the permits are for domestic-only supply and two could supply both domestic and liquefied natural gas markets, according to Santos. Santos chief executive Officer Kevin Gallagher said these blocks offered […]

  • 18 December 2019
    Operations & Maintenance

    TGS has completed a new multibeam and coring program covering over 213,0000 square kilometers in the Campos and Santos basins of offshore Brazil. This study, known as a SeepHunter campaign, includes the results of 342 conventional cores and 29 jumbo piston cores and heat probes. In additon, advanced geochemistry has been performed on over 60 […]

  • 7 April 2020
    Business developments & projects

    Hong Kong-based dry bulk shipping company Pacific Basin will pause its fleet expansion plans amid the ongoing market uncertainty caused by the coronavirus pandemic.  Pacific Basin was very vocal about its fleet growth plans and was eager to pursue Japanese-built second-hand bulkers, Suezmaxes in particular, staying clear of contracting newbuilds. However, logistics disruptions across the […]

  • 3 November 2015
    Business & Finance

    A meeting on the Stone Harbor dredging project will take place on Saturday, November 7, in the multipurpose room at Stone Harbor Elementary School, 275 93rd St. Bayfront property owners are encouraged to attend the presentation hosted by Sevenson Environmental Services Inc., the contractor for the project. The North Basin and Shelter Haven Basin are […]

  • 30 March 2015

    New Zealand’s Energy and Resources Minister Simon Bridges has launched Block Offer 2015, the annual tender for oil and gas exploration permits. “In 2012 the Government introduced the Block Offer regime which provides an efficient and transparent process for oil and gas permitting, and each year has attracted investment from experienced and capable operators. “Block […]

  • 20 March 2015

    Brazilian state run oil company Petrobras has said its production from the Santos and Campos basin pre-salt clusters reached record levels in February. On February 26th, records were broken for Petrobras’ own output, which rose to 555,000 barrels per day (bpd), and for output from concessions operated for other companies (including operations run for partner […]

  • 12 April 2019
    Business & Finance

    Pacific Basin is to expand its fleet with a further 3 secondhand Supramax vessels.

  • 11 October 2018
    Business & Finance

    Pacific Basin Shipping Limited saw a significant hike in vessel earnings in the third quarter of the year.

  • 14 May 2018
    Business & Finance

    Pacific Basin decides to acquire for dry bulk vessels with 50% equity funding.

  • 27 February 2020

    Pacific Basin is keen on enlarging its fleet, but is staying clear from ordering newbuilds.

  • 31 October 2010

    On the morning of October 30 the Panama-flagged tanker Polar, 72.825 DWT, was hijacked some 580 nautical miles East from the island of Socotra, Yemen, the EU Navfor confirms. The Liberia-owned Polar has a crew of 24; of which one is Romanian, three are Greek, four Montenegrin and 16 Filipino.

  • 29 September 2015

    Petrobras informed on Monday that the drilling of the third well in Carcará area (Block BM-S-8), located at Santos Basin’s ultra-deep waters, offshore Brazil, has confirmed the light oil potential in pre-salt’s reservoirs. Well 3-SPS-104DA, informally known as Carcará Northwest, is within the Discovery Evaluation Plan area of discovery well 4-SPS-86B (Carcará) and is located […]

  • 26 November 2015
    Business & Finance

    Dredging operations on the Outer Basin Hull Marina are scheduled to start on 11th December 2015, according to the British Waterways Marinas Ltd. BWML and Hull City Council have been granted the licence to dredge the marina lock approaches in the outer tidal basin. The dredging will take place across the weekend from Friday, 11th December, and […]