3678 results found for 'cgx'

3678 results found for 'cgx'
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  • Early terminations and day rate reductions for Valaris rigs

    23 April 2020
    Business & Finance, Business Developments & Projects, Exploration & Production

    Valaris has seen a number of its drilling contracts terminated and day rates slashed as oil and gas operators are looking to reduce costs.

  • COSCO splashes $2.87 bln on twelve methanol-powered 24,000 TEU mammoths

    31 October 2022
    Business & Finance, Business Developments & Projects, Green Marine, Transition, Vessels

    Hong Kong-listed shipping major COSCO Shipping Holdings has placed an order for the construction of twelve 24,000 TEU methanol dual-fuel containerships worth $2.87 billion. The construction contract was signed by the company’s subsidiaries Orient Overseas Container Line (OOCL) and Cosco Shipping Lines with Nantong Cosco Khi Ship Engineering (NACKS) and Dalian COSCO KHI Ship Engineering […]

  • Port of Savannah Receives Final Approval for Deepening

    7 November 2012
    Business & Finance

      The Georgia Ports Authority (GPA) has received final approval for its harbour deepening, which will allow the Port of Savannah to more efficiently serve Post-Panamax vessels and lower shipping costs for containerised trade by $213 million a year. Assistant Secretary of the U.S. Army (Civil Works) Jo-Ellen Darcy issued the Record of Decision Oct. […]

  • US Navy’s Newest Research Vessel Name Announced

    16 April 2013

    U.S. Secretary of the Navy Ray Mabus announced the nation’s newest research vessel will be named R/V Sally Ride, in honor of the former UC San Diego faculty member who was the first American female astronaut and the youngest American to fly in space. The ship is owned by the U.S. Navy, will be operated […]

  • Cepsa, Apical begin work on Southern Europe’s massive 2G biofuels plant

    26 February 2024
    Business & Finance, Business Developments & Projects, Collaboration, Outlook & Strategy, Project & Tenders, Research & Development

    Spanish energy major Cepsa and Bio-Oils, a subsidiary of Singapore’s Apical, have commenced construction of a second-generation (2G) biofuels plant in Southern Europe, which will produce sustainable aviation fuel (SAF), renewable diesel (HVO) and biogas. Biogas is a fundamental raw material for the production of green hydrogen, Cepsa noted, adding that biogenic CO2, which is […]

  • LNG as fuel should be a no-brainer. So, what’s the hold-up?

    15 April 2021
    Environment, Transition, Vessels

    Liquefied natural gas (LNG) as a marine fuel has been touted as the best available solution for the maritime industry to reduce its greenhouse gas emissions for a while now. It has been transported for over 40 years and the shipping sector has learned a lot about it as a cargo but also as a fuel. […]

  • Equinor makes FID for $8bn Bacalhau Phase 1 project

    1 June 2021
    Business & Finance, Business Developments & Projects, Project & Tenders

    Norwegian oil major Equinor, along with its partners, has decided to develop phase one of the Bacalhau field in the Brazilian pre-salt Santos area.

  • APM Terminals Signs Monrovia Concession (Liberia)

    15 October 2010
    Business & Finance, Project & Tenders

    The Hague, Netherlands – APM Terminals has signed a 25‐year concession agreement for the operation of the Port of Monrovia in Liberia, having been named the preferred bidder for the port management and modernization project last March. The now formalized agreement for the port’s privatization will result in the investment of $120 million USD in […]

  • Brazil: Hamworthy to Inaugurate New Service Centre

    19 August 2011

    Hamworthy is to open a new dedicated service centre in Brazil. The new service centre represents a direct investment in a market that has offered sustained growth for the company’s oil and gas handling systems and pump systems businesses in recent years. With offices in Rio and planned workshops and warehousing operations in Macae it […]

  • Trump overturns Obama’s Atlantic seismic permits denial

    11 May 2017

    U.S. President Donald Trump has reversed a decision by the previous administration that denied permit applications for seismic surveying of the U.S. Atlantic Outer Continental Shelf.  The U.S. Department of the Interior (DOI) on Wednesday announced it would move forward to resume its evaluation of applications from six companies seeking permits to conduct geological and […]

  • New ammonia-fueled 3,500 TEU ship design wins AiP

    3 June 2024
    Business Developments & Projects, Certification & Classification, Collaboration, Infrastructure, Innovation, Outlook & Strategy, Regulation & Policy, Vessels

    Classification societies ABS and Lloyd’s Register (LR) have awarded Approval in Principle (AiP) to a new ammonia-fueled 3,500 TEU container feeder vessel design.

  • Green Ray project targeting methane slip from LNG-fuelled engines wins EU backing

    27 February 2023
    Business & Finance, Business Developments & Projects, Collaboration, Environment, Equipment, Green Marine, Innovation, Outlook & Strategy, Regulation & Policy, Research & Development, Technology, Transition, Vessels

    The Green Ray project, led by a consortium of companies across the shipping supply chain, has won funding from the European Union to develop solutions minimizing methane slip from marine engines. The funding worth €7 million has been secured through Horizon Europe, the EU’s key funding program for research and innovation. The project is coordinated […]

  • MPA Singapore, Port of Rotterdam & partners set sights on 30 pct emission reduction by 2030

    20 September 2023
    Business & Finance, Business Developments & Projects, Collaboration, Environment, Green Marine, Outlook & Strategy, Ports & Logistics, Regulation & Policy, Rules & Regulation, Transition, Vessels

    The Maritime and Port Authority of Singapore (MPA), the Port of Rotterdam (PoR) and 20 partners in the Green & Digital Shipping Corridor are working to reduce 20% to 30% of emissions from international shipping by 2030. This was agreed at the third Green Corridor workshop, held this week in Rotterdam. The Green & Digital […]

  • Maersk scores 4.9 of 5.0 on environmental reporting

    24 December 2020
    Business & Finance, Environment, Outlook & Strategy, Transition, Vessels

    Maersk, the world’s largest container shipping company, tops the list of 12 liner companies based on their sustainability performance reporting and planning, the Gliese Foundation said. The company won 4.9 stars out of possible 5.0, the foundation said. As explained, the company’s 2019 sustainability report holds the bull by the horns—GHG emissions—from the very beginning, […]

  • Hamworthy to Inaugurate New Service Center in Brazil

    19 August 2011
    Business & Finance

    Hamworthy is to open a new dedicated service centre in Brazil. The new service centre represents a direct investment in a market that has offered sustained growth for the company’s oil and gas handling systems and pump systems businesses in recent years. With offices in Rio and planned workshops and warehousing operations in Macae it […]

  • USA: Horizon Lines Receives 2011 Vessel Awards for Safety and Stewardship

    23 June 2011
    Business & Finance

      Horizon Lines, Inc. America’s leading domestic ocean shipping company, has received recognition from the Chamber of Shipping of America (CSA) and the United States Coast Guard (USCG) for its record of safety and stewardship. CSA presented Horizon Lines with the Jones F. Devlin Awards for safety at the Chamber’s recent Annual Ship Safety Awards […]

  • EIA: spot indexes use in Asian LNG trade rising

    29 September 2015

    Unlike the natural gas market in the United States, natural gas prices in Asian markets typically reflect contracts that are indexed to crude oil or petroleum product prices.

  • Mexico: Pemex Fears the Drinking Straw Effect

    27 April 2010

    Officials at state oil monopoly Petroleos Mexicanos, or Pemex, can do little more than watch from the sidelines as oil majors break deep-drilling records on the U.S. side of the Gulf of Mexico. The recent startup of the massive Perdido offshore drilling hub — a joint-venture of Royal Dutch Shell Plc (RDSB), Chevron Corp. (CVX), […]

  • Adira Energy Provides Update on its Operations Offshore/Onshore Israel

    18 March 2011
    Business & Finance

    ADIRA ENERGY LTD.  Adira Energy Ltd.provides an operational and project update and appointment of new auditors. Offshore Licenses Offshore, on the Company’s “Gabriella” and “Yitzchak” licenses, Western Geco has completed a state of the art dual azimuth 511 kilometers and 129 kilometer 3D survey, respectively. (See press release December 14, 2010). This detailed survey will […]

  • USA: OSHA’s Voluntary Projection Program Awards Continental Maritime With STAR STATUS

    30 September 2011

    Huntington Ingalls Industries, Inc announces that its subsidiary, Continental Maritime of San Diego (CMSD), has been recognized for exemplary shipyard safety and received “star” status in the Occupational Safety and Health Administration’s Voluntary Projection Program (VPP). “Receiving this status is the most important recognition our employees can receive because working safely is our top priority,” […]

  • Brazil: GE Oil & Gas Wins USD 120 Million Subsea Equipment Maintanance Contract from Petrobras

    17 June 2011
    Business & Finance, Operations & Maintenance, Project & Tenders

      Petróleo Brasileiro S.A. (Petrobras), a world leader in deep-water and ultra-deep water oil production, has awarded GE Oil & Gas a four-year service agreement to deliver repairs, maintenance and retrofits on Petrobras’ fleet of subsea equipment installed in the Campos Basin offshore Brazil. The scope of the agreement, valued at approximately $120M, includes service […]

  • Companies step up work on maritime cyber security

    16 December 2020
    Business Developments & Projects, Collaboration, IT & Software, Research & Development, Safety, Technology

    Following several cyber attacks that happened in the maritime sector this year, the issue of maritime cyber security is gaining prominence.

  • Interview: How can smart shipping containers make the industry greener?

    13 February 2023
    Business Developments & Projects, Collaboration, Green Marine, Innovation, IT & Software, Market Outlooks, Outlook & Strategy, Technology, Transition, Vessels

    Cédric Rosemont, newly appointed CEO of Traxens, explains in an interview how smart containers can help shipping become greener.

  • Dutch Maritime Sector Recovers after Difficult Years

    29 July 2018
    Business & Finance

    A cautious recovery became apparent in the global shipbuilding industry in 2017, especially over the final months of the year. Also the Dutch maritime cluster sees a positive change. “We can be proud of the many orders that our industry has taken in 2017, despite the many challenges faced,” Bas Ort, chair of the Netherlands […]

  • InterOil Announces Third Quarter Financial and Operating Results (Australia)

    17 November 2010

    InterOil Corporation today announced financial and operating results for the third quarter ended September 30, 2010. Third Quarter 2010 Highlights and Recent Developments • The Antelope 2 horizontal well confirmed a higher condensate-to-natural gas ratio of 24-27.7 barrels per million cubic feet of natural gas, approximately 60% higher than observed at the top of the […]