3676 results found for 'cgx'

3676 results found for 'cgx'
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  • VIDEO: Scripps Scientists Find ‘Lubricant’ for Earth’s Tectonic Plates (USA)

    21 March 2013
    Business & Finance, Research & Development

    Scientists at Scripps Institution of Oceanography at UC San Diego have found a layer of liquefied molten rock in Earth’s mantle that may be acting as a lubricant for the sliding motions of the planet’s massive tectonic plates. The discovery may carry far-reaching implications, from solving basic geological functions of the planet to a better […]

  • France: CGGVeritas Announces Third Quarter 2010 Results

    9 November 2010
    Business & Finance

    CGGVeritas  today its non-audited third quarter 2010 consolidated results. All 2009 results are reported before restructuring. * Group revenue was $656m, down 10% year-on-year and up 1% sequentially on recovering multi-client sales, including Gulf of Mexico, and continued robust Sercel activity * Group operating margin at 4% with contrasting performance: o Sercel: margin up to […]

  • USA: Diamond Offshore Reports 2Q Net Income of USD 266.6 Million

    21 July 2011
    Business & Finance

    Diamond Offshore Drilling, Inc. today reported net income for the second quarter of 2011 of $266.6 million, or $1.92 per share on a diluted basis, compared with net income of $224.4 million, or $1.61 per share on a diluted basis, in the same period a year earlier. Revenues in the second quarter of 2011 were […]

  • Brazil: GE Invests USD 300 Million in Batista’s EBX

    24 May 2012
    Business & Finance

    GE  and Eike Batista, the founder of the EBX Group (“EBX”) of Brazil, announced that they have signed a strategic investment agreement. Under the terms of the agreement, GE will make a US$300 million primary investment in exchange for a 0.8% preferred equity interest in Centennial Asset Brazilian Equity LLC and other offshore holding companies […]

  • BPZ Energy Sells Stake in Offshore Block Z-1 to Pacific Rubiales (Peru)

    28 December 2012

    BPZ Energy , an independent oil and gas exploration and production company, announced that on December 26, 2012, it closed its contractual arrangements for the sale of a 49% participating interest (“closing”) in offshore Block Z-1 to Pacific Rubiales Energy Corp. The Board of Directors of Perupetro and the Ministry of Energy and Mines have […]

  • Coretrax Gets New Business Development Director

    9 December 2014
    Business & Finance, Equipment, Operations & Maintenance

    Coretrax, an engineered service for wellbore clean and abandonment, has appointed a global business development director to focus on the expansion of the company’s global presence. John Fraser joined Coretrax in 2010 as business development manager and has recently been promoted to the newly-created position. Fraser will be responsible for identifying and developing new business […]

  • MOL and Mitsui get green light for large ammonia-powered bulker

    27 January 2023
    Business Developments & Projects, Green Marine, Outlook & Strategy, Transition, Vessels

    Japanese shipping giant Mitsui O.S.K. Lines (MOL) and compatriot trading and investment company Mitsui & Co. have received approval in principle (AiP) from ClassNK for the design of a large ammonia-powered bulk carrier. The approval was granted for the 210,000 dwt Capesize bulker with a main engine fueled by ammonia which does not emit CO2 […]

  • Bord Gáis Energy joins ESB and dCarbonX on green hydrogen storage project

    30 October 2023
    Business Developments & Projects, Collaboration, Infrastructure, Outlook & Strategy, Storage

    Bord Gáis Energy, part of Centrica plc, has joined ESB and dCarbonX on the Kestrel project which proposes the re-development of decommissioned gas reservoirs at the Kinsale Head gas field offshore Ireland for large-scale green hydrogen storage. ESB and dCarbonX, an associate company to Snam, have been working on the assessment and development of Irish […]

  • HMM readies order for methanol-powered newbuilds

    16 December 2022
    Business & Finance, Business Developments & Projects, Green Marine, Outlook & Strategy, Transition, Vessels

    South Korean shipping major HMM is preparing an order for new containerships powered by alternative fuels as part of its future growth strategy. The strategy was announced in July this year with HMM assigning $11.3 billion for future investments, including expansion of its eco-friendly ships from the current 820,000 TEU to 1.2 million TEU by 2026. […]

  • Energy Observer 2 shows that zero-emission cargo ship tech is here

    11 February 2022
    Business Developments & Projects, Outlook & Strategy, Transition, Vessels

    The Ship It Zero coalition welcomed a new zero-emission cargo ship design unveiled by Energy Observer and called on big retailers to use this moment to move their business to ocean shipping carriers that can offer zero-emission shipping solutions.

  • Dutch court orders Shell to curb emissions in ‘historic ruling’

    26 May 2021
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Outlook & Strategy, Transition

    A Dutch court has ordered Shell to deepen its carbon emissions cuts in a ruling described as the first-of-its-kind, but Shell plans to appeal

  • Port of Singapore eyes more clean fuel options

    14 January 2021
    Business Developments & Projects, Environment, Infrastructure, Outlook & Strategy, Ports & Logistics, Transition

    In order to remain the world’s top bunkering hub, the Port of Singapore needs to look beyond liquefied natural gas (LNG), toward other zero or low carbon fuel types.

  • Singapore: Keppel to Build US$180 Million KFELS B Class Jackup for Jasper

    22 December 2010
    Business & Finance

    Keppel FELS Limited (Keppel FELS) has secured an order for a KFELS B Class jackup rig worth about US$180 million from Jasper Investments Limited (Jasper), with an option for another similar unit. The rig is slated for delivery in 2H 2012. If exercised, the option for the additional rig will bring the total contract value […]

  • India’s ‘first’ port decarbonization pilot takes shape at Chidambaranar Port

    27 February 2025
    Authorities & Government, Ports & Logistics

    India’s Chidambaranar Port Trust, said to be the ‘third largest’ container terminal in the country, has laid the first stone of India’s inaugural pilot-scale port decarbonization project centered around alternative fuel sources, Italian marine classification society RINA has shared. According to RINA India, the overarching aim of this endeavor is threefold: slashing carbon dioxide (CO2) […]

  • Ships transiting Panama Canal save 16 million tons of CO2 in 2021

    1 February 2022
    Environment, Infrastructure, Regulation & Policy, Transition, Vessels

    The Panama Canal contributed to the reduction of 16 million tons of carbon dioxide (CO2) equivalent emissions in 2021, in comparison to the most likely alternative routes.

  • Shipping moving closer to the ‘point of no return’, says T&E

    13 July 2023
    Environment, Green Marine, Market Outlooks, Outlook & Strategy, Ports & Logistics, Regulation & Policy, Rules & Regulation, Vessels

    European shipping emissions grew 3% last year as the industry edges closer to pre-pandemic levels, a new analysis by NGO Transport & Environment (T&E) shows. The analysis says that European shipping emitted over 130 million tonnes of CO2, with cruise ship emissions well up on the year before combined with a high number of vessels […]

  • South Korea’s shipbuilding orderbook surges to over $7 bln amid strong demand for high-end dual-fuel ships

    21 February 2023
    Business & Finance, Business Developments & Projects, Green Marine, Market Outlooks, Outlook & Strategy, Transition, Vessels

    South Korean shipbuilders are resuming their winning streak from last year as they reap fruit from the growing demand for high-end ships featuring dual-fuel propulsion and advanced technology. The country’s key ship manufacturers have secured over $7 billion in new orders since the beginning of this year. Korea Shipbuilding & Offshore Engineering (KSOE), an intermediate […]

  • GCMD, partners trial two supply chains of biofuel blends on five vessels

    21 February 2023
    Business Developments & Projects, Green Marine, Vessels

    Singapore-based Global Centre for Maritime Decarbonisation (GCMD), together with its consortium partners, has completed trialling two supply chains of biofuel blends from different origins as part of a drop-in biofuels pilot project announced in July 2022. The full pilot involves 19 industry partners, with 13 vessels spanning the container, tanker, and bulker segments bunkering in […]

  • Petroleum Corporation of Jamaica Grants Exploration Period Extension to Sagres Energy

    26 April 2011
    Business & Finance

      Sagres Energy Inc., an international oil and gas exploration company with an exploration portfolio in Guyana, Colombia and Jamaica, announced today that the Petroleum Corporation of Jamaica (PCJ) has approved a 9 month extension of the Initial Exploration Period on Sagres’ offshore blocks 9, 13, and 14. The Initial Exploration Period, Phase 1 will […]

  • Valaris gets two rig contract terminations in Angola

    27 March 2020
    Business & Finance, Business Developments & Projects, Exploration & Production, Infrastructure

    Valaris has received contract terminations for two rigs operating offshore Angola, one from Total and the other one from Chevron, but has also secured revenue backlog of $100 million.

  • MOL: First concept of ammonia/liquefied CO2 carrier unveiled

    31 March 2022
    Business Developments & Projects, Collaboration, Environment, Infrastructure, Innovation, Outlook & Strategy, Regulation & Policy, Research & Development, Technology, Transition, Vessels, Vision

    Japanese shipping company Mitsui O.S.K. Lines (MOL) has completed a concept study of an ammonia/liquefied CO2 carrier to flexibly meet future transport demand.

  • TechnipFMC pays $301.3M to settle Brazil bribery case

    26 June 2019
    Business & Finance

    Oilfield services company TechnipFMC has agreed to pay $301.3 million to the U.S. and Brazilian authorities to resolve anti-corruption investigations in Brazil and relating to the intermediary, Unaoil.

  • Titan delivers bio-LNG to MOL’s vehicle carrier under new deal

    17 March 2025
    Business & Finance, Business Developments & Projects, Green Marine, Infrastructure, Operations & Maintenance, Vessels

    Dutch marine fuels supplier Titan and Japanese shipping company Mitsui O.S.K. Lines (MOL) have completed the first bio-LNG and LNG bunkering operation under a new multi-delivery contract for MOL’s vehicle carrier fleet.

  • France goes big on maritime decarbonization with ‘CORIMER low-carbon ships’ initiative

    6 February 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Regulation & Policy

    The French government is launching a new call for proposals to accelerate the production of low-carbon ships and boats in the country.

  • Japan: Methane slip reduction project picked for next-gen ship development

    27 October 2021
    Authorities & Government, Business Developments & Projects, Collaboration, Environment, Outlook & Strategy, Research & Development, Transition

    Japan’s New Energy and Industrial Technology Development Organization (NEDO) has selected a methane slip reduction project for next-generation ship development under Green Innovation Fund.