3671 results found for 'cgx'

3671 results found for 'cgx'
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  • Bond Offshore Helicopters Crew Honored for Bravery in ‘VOS Sailor’ Rescue Mission

    4 October 2013

    A Bond Offshore Helicopters crew was honored yesterday for its key role in a dramatic North Sea rescue last December The crew has received an award at the Shipwrecked Mariners’ Society’s annual Skill and Gallantry Awards which for 162 years has recognised the bravery of those who risk their lives in dangerous sea and air/sea rescues. […]

  • UAE Hosts 2nd Counter-Piracy Summit

    27 June 2012
    Business & Finance

      The human and economic cost of maritime piracy and exploring ways to enhance the effectiveness of a regional responses are the focus of the 2nd high-level, public-private UAE Counter-Piracy Conference, co-convened by the UAE Ministry of Foreign Affairs and global marine terminal operator DP World, that begins today (June 27). His Highness Sheikh Maktoum […]

  • NYSHEX CEO: Digitization Is the New Normal

    19 February 2018
    Business & Finance

    CEO of New York Shipping Exchange speaks about progress made so far and future plans.

  • FreeSeas Enters into Assignment and Amendment Agreement with Deutsche Bank

    27 September 2013
    Business & Finance

    FreeSeas Inc., a transporter of dry-bulk cargoes through the ownership and operation of a fleet of six Handysize vessels and one Handymax vessel, announced yesterday that it has entered into an assignment and amendment agreement with Deutsche Bank Nederland N.V., a Magna Group affiliate fund Hanover Holdings I, LLC, Crede CG III, Ltd a wholly-owned […]

  • BP Produces Oil from West Chirag Platform

    29 January 2014

    The Azerbaijan International Operating Company (AIOC), operated by BP, today announced the start-up of oil production from the West Chirag platform as part of the Azeri-Chirag-Gunashli (ACG) field development in the Azerbaijan sector of the Caspian Sea. Start-up of the West Chirag platform completes the Chirag Oil Project (COP) sanctioned in 2010. West Chirag production […]

  • Government of India Grants Maharatna Status to GAIL

    4 February 2013

    GAIL (India) Limited, a Public Sector Undertaking under the Ministry of Petroleum and Natural Gas and India’s largest natural gas company, was accorded the Maharatna status by the Government of India. Dr. M. Veerappa Moily, Minister for Petroleum and Natural Gas felicitated the GAIL team on achieving this recognition. Speaking on the occasion, the Minister […]

  • Interview: Over-Optimism Cause of Containership Market’s Woes?

    19 September 2018

    Daniel Richards, container shipping analyst at MSI, comments on the state of play in the market.

  • Spirit Energy farms into Hurricane’s West of Shetland licenses

    3 September 2018
    Exploration & Production, Infrastructure

    Spirit Energy has farmed into 50% of Hurricane Energy’s Lincoln and Warwick licenses offshore UK.

  • Gazprom Lists on Singapore Exchange

    18 June 2014

    Gazprom’s unrestricted American Depositary Shares were granted an introductory listing and included in the quotation list of the Singapore Exchange on June 17. “The listing of Gazprom’s GDRs on the Singapore Exchange is a significant result of the company’s efforts to broaden its investor base globally,” Gazprom said in a statement. “Investors from the Asia-Pacific region are getting access to Gazprom’s remarkable long-term growth. Gazprom is committed […]

  • SCOD Presents the US Coast Guard Sea Eagle, Ultra Green Homeland Security Vessel

    4 May 2012

    SCOD Presents the US Coast Guard Sea Eagle; The Ultra Green Homeland Security vessel that’s tough on the bad guys, but kind to the Ecology. The first Coast Guard Cutter to provide extensive surveillance, on , above and below the ocean. The E Class Search and Rescue Sea Eagle with Helipad and underwater ROV (Remote […]

  • Centrica, Bayerngas set up new E&P company

    17 July 2017
    Business & Finance

    UK’s Centrica and Germany’s Stadtwerke München GmbH (SWM) will combine Centrica’s European oil and gas exploration and production (E&P) business with Bayerngas Norge to create an independent European E&P company. The joint venture will have two shareholding entities where Centrica will own 69% and Bayerngas Norge’s existing shareholders, led by SWM and Bayerngas GmbH, will […]

  • Nam Cheong 3Q profit at record levels

    11 November 2014
    Business & Finance

    Nam Cheong Limited, a Malaysia’s Offshore Support Vessel builder, has reported an 81% rise in revenue to RM618.6 million for the 3Q 2014 from RM341.2 million in the corresponding period last year (“3Q 2013”). The robust top line performance boosted 3Q 2014’s net profit by 112% to a record RM125.6 million from RM59.2 million in […]

  • QGOG’s rigs facing early termination?

    10 July 2015

    Fitch Ratings has downgraded its ratings on the QGOG-sponsored oil vessel-backed financings to ‘BB’ from ‘BB+’. Concurrently, Fitch has removed the rating from Rating Watch Negative and assigned a Negative Outlook.   The rating action affects approximately $316.5 million of senior secured notes issued by QGOG Atlantic / Alaskan Rigs Ltd. A full list of […]

  • University of Delaware to Reduce Offshore Wind Energy Costs (USA)

    6 October 2011
    Business & Finance

    The University of Delaware is coordinating six companies in a design effort to reduce the cost of energy and the time to deployment as well as attract investment in offshore wind power. With a $500,000 grant from the Department of Energy and an equal amount contributed by the companies, the consortium will design an integrated […]

  • THE Alliance Unveils Safety Net in Case of Bankruptcy

    9 March 2017
    Business & Finance

    The five member lines of THE Alliance said that they will establish an independent trustee to manage funds to be used if one of the carriers suffers a bankruptcy. Through the contingency plan, the fund will be used to continue alliance operations in the event of insolvency of one or more members of THE Alliance, which […]

  • Uptake of LNG as Fuel Slower than Expected. Will It Finally Pick Up?

    23 November 2017
    Rules & Regulation

    In 2012, DNV GL predicted that by 2020, the LNG-fuelled fleet would comprise around 1,000 vessels. Three years later, this figure was revised downwards to between 400 and 600 vessels, with low oil price and slower than expected development of bunkering infrastructure cited as key reasons. Today, there are 117 vessels burning LNG, of which […]

  • Advancing infrastructure projects at SC Ports

    1 November 2020
    Infrastructure

    South Carolina Ports Authority is continuing to advance infrastructure projects, securing its position as the preferred U.S. container port ahead of an incredibly significant year. SC Ports is investing more than $2 billion to build timely, world-class infrastructure, ensuring ample capacity and big-ship capabilities for decades to come. In 2021, SC Ports will open the […]

  • Canada’s Cedar LNG moves to finalization of FLNG design stage with 20-year commercial offtake in the bag

    8 April 2024
    Business & Finance, Business Developments & Projects, Exploration & Production

    Cedar LNG has notched new milestones, thanks to a notice to proceed (NTP) that has been sent to the EPC contractors in the aftermath of the finalization of long-term commercial offtake agreements.

  • Maersk CEO: LNG won’t play a big role for us as a transition fuel

    19 November 2020
    Business & Finance, Environment, Outlook & Strategy, Transition, Vessels

    The world’s largest container shipping company Maersk is likely to opt for a zero-emission alternative to fossil fuels rather than choosing LNG as a bridging fuel for the company’s fleet. “We don’t believe that LNG will play a big role for us as a transition fuel, because it is still a fossil fuel and we […]

  • SRF-JRMC to Finish Extensive Modernization and Repair Works for USS Shiloh

    6 October 2011

    The U.S. Naval Ship Repair Facility and Japan Regional Maintenance Center (SRF-JRMC) is busy providing the Ticonderoga-class guided-missile cruiser USS Shiloh (CG 67) extensive modernization and repair during an extended Selected Restricted Availability (SRA) and concurrent dry-docking. Docking Shiloh for dry dock makes the modernization easier and is necessary to perform critical emergent repairs essential […]

  • UK: Success of Yorkshire Firms in Offshore Wind Industry Highlighted

    13 February 2013

    YORKSHIRE businesses that have already won work in the offshore wind power industry have been lined up to present at a supply chain conference. Delegates at the event will hear how companies in the region have been successful in securing contracts in the emerging sector and the type of requirements global energy giants are looking […]

  • Exclusive: Hidden Dangers of Shipping Alliances

    2 October 2014
    Business & Finance

    The 2M alliance between the shipping heavyweights, Denmark’s Maersk Line and Swiss Mediterranean Shipping Company is currently under scrutiny of the U.S.A. and China regulators.  The companies are trying to appear confident in the approval of the alliance, saying that the U.S. Federal Maritime Commission’s (FMC) approval should be just a formality. Maersk Line’s Chief […]

  • Peru: BPZ Energy Receives Permit for 3D Seismic Survey in Block Z-1,Releases Third Quarter Results

    4 November 2011
    Business & Finance, Operations & Maintenance

    BPZ Energy, an independent oil and gas exploration and production company, announced receipt of the approval to acquire 3-D Seismic Data in Offshore Block Z-1 and also provided financial and operational results for the three and nine-month periods ended September 30, 2011. For three months ended September 30, 2011, the Company reported operating income of […]

  • Panama Canal welcomes transit of largest vessel by cargo capacity

    3 August 2022
    Green Marine, Vessels

    CMA CGM’s Zephyr containership has become the vessel with the largest cargo capacity to ever transit the Panama Canal. The 16,285 TEU boxship completed its return trip through the Expanded Canal’s Neopanamax Locks on July 1, after calling at the U.S. ports of New York and Savannah. The Zephyr sailed back southbound through the canal, […]

  • Ensco’s net income increased to $1.4 B in 2013

    20 February 2014
    Business & Finance

    Ensco plc reported today that diluted earnings per share were $1.54 in fourth quarter 2013 compared to $0.94 in fourth quarter 2012. Discontinued operations primarily related to rigs and other assets no longer on the Company’s balance sheet reduced earnings by $0.02 per share in fourth quarter 2013 and $0.10 per share in fourth quarter 2012. […]