10000 results found for 'cove shell'

10000 results found for 'cove shell'
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  • Fourfold Profit Jump for SCF

    21 March 2016
    Business & Finance

    Russia’s largest shipping company SCF Group (PAO Sovcomflot) saw a major upswing in its full-year results recording a net profit of USD 354.5 million against USD 83.9 million reported in 2014. The company said that its total future contracted revenues amounted to USD 8.5 billion. In addition, the company’s gross revenue increased by 7.6 per cent […]

  • Enauta makes another purchase offshore Brazil

    26 December 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Outlook & Strategy, Project & Tenders

    Brazilian oil and gas player Enauta has signed a contract with QatarEnergy Brasil for the acquisition of a stake in oil fields located in the Campos Basin for $150 million. Enauta reported that it was set to acquire the entire 23% stake held by QatarEnergy Brasil in the oil fields of Abalone, Ostra and Argonauta, comprising […]

  • InterMoor expands in Nigeria, signs JVA with Century

    5 May 2014
    Business & Finance

    InterMoor, an Acteon company, has announced that the company is finalising a joint venture agreement with Century Energy Services Ltd (Century) in Nigeria. This will be a locally registered company and fully compliant with the Nigerian Oil and Gas Industry Content Development Bill, 2010. For InterMoor, securing a joint venture with an experienced and established […]

  • Lundin plugs dry well in Barents Sea

    30 December 2015

    Lundin Petroleum has failed to unearth hydrocarbons at its exploration well 7130/4-1 on the Ørnen prospect in the Barents Sea, offshore Norway. The well is located in PL708, on the eastern parts of the Finnmark Platform in the southern Barents Sea. According to Lunding, the well was dry and has been plugged and abandoned. The main target consisting […]

  • Turkey takes more time for seismic ops in disputed Mediterranean area

    23 November 2020
    Business & Finance, Business Developments & Projects, Exploration & Production, Vessels

    Turkey is extending its seismic survey operations in the disputed area of the eastern Mediterranean by nearly a week, which could spark further tension.

  • Ulstein CEO Wins Seatrade Young Person in Shipping 2011 Award (UK)

    7 April 2011
    Business & Finance

      Earlier this week the CEO of Ulstein Group, Gunvor Ulstein was in London to receive an award for young prominent leaders. She was awarded the Seatrade Young Person in Shipping 2011 Award in recognition of her exemplary career in the shipping and offshore sector, as a role model for young people considering a career […]

  • India Relaxes Cabotage Law

    25 May 2018
    Rules & Regulation

    India relaxes cabotage law for shipping of agricultural, fisheries, animal husbandry and horticultural commodities.

  • BOEM: Western GoM Lease Sale 233 Covers 21 Mln Acres

    29 July 2013
    Business & Finance

    The Bureau of Ocean Energy Management (BOEM) announced final details for the Western Gulf of Mexico Lease Sale 233. The sale will take place on August 28 and will cover roughly 20.7 million acres offshore Texas for oil and gas exploration and development. The bureau estimates the proposed lease sale could result in the production […]

  • Equinor Begins Production from Trestakk Field

    16 July 2019
    Operations & Maintenance

    Equinor has started production from the Trestakk subsea field on Haltenbanken in the Norwegian Sea. Tied back to the Åsgard A floating production vessel, the field has estimated recoverable resources of 76 million barrels of oil. “Together with our partners ExxonMobil and Vår Energi we spent ample time on maturing Trestakk, and with proper assistance […]

  • PARAT Proves Significant Weakness with Oil Spill Response Equipment

    18 April 2013
    Business & Finance

    Parat Halvorsen AS has this week gathered key personnel from the maritime industry to a technical review and discussion of tank heating solutions for supply vessels with NOFO notation. Technical and operational persons from shipyards, shipowners, consultants and the NCA (Norwegian Coastal Administration) were present and practical tests were performed at the company fabrication and […]

  • IKM Testing pens core services agreement with Aker BP

    4 June 2019
    Business & Finance

    Norwegian E&P player Aker BP has awarded a core services frame agreement to oil and gas industry services provider IKM Testing.

  • USA: Chevron 2Q Profit Drops

    27 July 2012

    Chevron reported earnings of $7.2 billion for the second quarter 2012, compared with $7.7 billion in the 2011 second quarter. Sales and other operating revenues in the second quarter 2012 were $60 billion, compared to $67 billion in the year-ago period. “Our second quarter earnings and cash flow were among our strongest ever, even with […]

  • Canada’s offshore oil & LNG with doors to wider markets safe from trade war tentacles, report finds

    2 May 2025
    Business & Finance, Business Developments & Projects, Exploration & Production, Outlook & Strategy, Transition

    With the first trade war shots fired, a new analysis has highlighted offshore oil production and liquefied natural gas (LNG), which have dipped their toes into broader market arenas, among products that can reap the benefits from the looming tariff threats, potentially paving the way for Canada to boost its economic might at a time of brewing global instability.

  • TGS to undertake new 3D multi-client survey off West Africa

    13 September 2018

    Norwegian seismic specialist TGS will begin a new 3D multi-client project named Jaan in the early fourth quarter of 2018.

  • Monaco’s Portier Cove Land Reclamation Project Underway

    13 September 2016
    Business & Finance

    Construction works on the Monaco’s Portier Cove land reclamation project are underway with the contractor Bouygues Travaux Publics, a subsidiary of Bouygues Construction, starting dredging operations on the first phase of this six-hectare extension project. The project includes the construction of an eco-neighborhood primarily consisting of housing (60,000 m²), public facilities, an extension to the Grimaldi Forum, a public […]

  • Lukoil backs away from Sierra Leone exploration project

    7 October 2015
    Exploration & Production

    Lukoil, Russian largest privately held oil company, is backing away from its exploration project in Sierra Leone. The company is reportedly abandoning Sierra Leone following disappointing exploration results. To remind, in 2011, Lukoil, through its wholly owned subsidiary Lukoil Overseas as the Operator with a 49% share, entered the production sharing agreement (PSA) for exploration […]

  • Norway: North Atlantic Drilling Receives LOI for West Alpha Rig

    18 May 2011
    Business & Finance

      North Atlantic Drilling Ltd., in which Seadrill has a 75 percent ownership, has received a letter of award for the semi-submersible drilling rig West Alpha for operations on the Norwegian Continental Shelf. The letter of award covers a two-well commitment in the Balder field, with an estimated firm contract period of 210 days and […]

  • Davie Wins Two LNG Ro-Pax Ferries Order

    17 May 2013

    Chantier Davie Canada Inc. (Davie) yesterday announced the conclusion of a two ship order from La Société des traversiers du Québec (STQ). The two dual-fuel LNG Ro-Pax ferries will operate on the St. Lawrence River on the Tadoussac-Baie-Sainte-Catherine route and shall enter service in 2015. Alan Bowen, CEO of Davie commented “This project has been […]

  • Seismic survey contracts awarded 

    7 August 2008

    StatoilHydro has recently awarded contracts for towed multi-streamer surveys for 2009, totalling NOK 1200 million. The contracts, covering surveys on the Norwegian Continental Shelf, the Faroes and Ireland, has been awarded to PGS Geophysical, CGG Veritas and Wavefield Inseis. The award to PGS Geophysical also includes use of new technology for three dimentional surveys. This […]

  • European Investment Bank Approves Loan for Lithuanian LNG Terminal

    5 June 2013

    On Tuesday the board of the European Investment Bank adopted a decision to grant to Klaipėdos Nafta a credit of up to EUR 87 mill. for the implementation of the project of liquefied natural gas terminal in Lithuania, Klaipedos Nafta said. The term of the credit – up to 20 years. The financing, provided by […]

  • Klaipedos Nafta gets state guarantee for LNG project loan

    9 July 2014

    The Seimas of the Republic of Lithuania decided to grant a state guarantee to the Nordic Investment Bank (NIB) for the loan that will finance the LNG terminal project by Klaipedos Nafta. The decision was explained in a statement issued by Klaipedos Nafta, saying the Seimas had agreed to  grant a state guarantee to the NIB regarding […]

  • Statoil Awards Polarled Pipeline Contracts Worth $722 Mln (Norway)

    18 February 2013

      Statoil has awarded Marubeni Itochu/JFE contracts for fabricating linepipe for the Polarled pipeline, Wasco for applying coating, and Allsea for pipelaying. The coating contract include the establishement of a new production base in Mo i Rana, Northern Norway.Estimated contract value for the three contracts in total is NOK 4 billion. The contracts are awarded […]

  • SBM Offshore bids welcome to its ninth FPSO in Brazilian waters (Gallery)

    11 March 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    SBM Offshore has corroborated the arrival of a floating production, storage, and offloading (FPSO) vessel to the pre-salt layer of the Santos Basin, which will be the fifth addition to Petrobras’ huge oil field off the coast of Brazil once it flows its first oil later this year.

  • Statoil boosts target for reducing CO2 emissions by 50 percent

    11 November 2015

    Since 2008, Statoil has had the aim of reducing CO2 emissions on the Norwegian continental shelf (NCS) by up to 800 000 tonnes by 2020. The Norwegian oil and gas giant has said it is already close to achieving this goal. According to the Norwegian company, this comes four years ahead of time, and therefore Statoil […]

  • Total takes investment decision for large-scale development of Libra field

    18 December 2017
    Project & Tenders

    Total has taken the investment decision for the first large-scale development phase of the Libra project, located 180 kilometers off the coast of Rio de Janeiro, in the pre-salt area of the Santos Basin.