10000 results found for 'cove shell'

10000 results found for 'cove shell'
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  • Top news of the week August 25-30, 2014

    31 August 2014

    Chevron struggling to sell Gorgon LNG capacity Chevron is having a hard time to complete the 20-years sales contracts for its Gorgon LNG export plant in Australia, as buyers look for cheaper deals. Wood Mackenzie: Malaysia could overtake Qatar on the LNG market Wood Mackenzie asserts that by 2020, Malaysia has the potential to be […]

  • Novatek of Russia Continues with Share Buyback Programme

    17 March 2014

    Novatek announced that pursuant to the company’s buyback program originally announced on 7 June 2012 and subsequently extended, during the period from 11 through 14 March 2014, 2 476 250 ordinary shares (including in a form of Global Depositary Receipts) were purchased on the open market. According to Novatek’s Chairman of the Management Board, Leonid […]

  • Putin awards Rosneft for energy development

    22 January 2015
    Business & Finance

    The President of the Russian Federation, Vladimir Putin, has awarded Rosneft officials for their “contribution to the development of the energy sector and long and responsible service”. Rosneft Vice President for HR and Social Policy, Yuri Kalinin, noted that: “In September, the Company successfully finished the exploratory drilling on the northernmost well named Pobeda and made […]

  • Norway: Agora Plans to Drill 9 Wells in 2012

    14 February 2012
    Business & Finance

    The Stavanger-based oil company Agora Oil & Gas AS (“Agora”) has established a portfolio of 11 licenses in the North Sea Basin. Since Agora was founded 2 years ago the company has participated in 10 exploration and appraisal wells. A further 9 wells are planned in the 2012 drilling campaign, expected to commence at the […]

  • Norway: DNV Enters Strategic Partnership with StormGeo

    7 May 2012
    Business & Finance

    DNV has, as part of a strategic partnership with StormGeo, acquired the right to purchase 22,7 % of StormGeo’s shares through a mutually convertible capital issue. The core focus of StormGeo will remain within the fields of oil exploration, renewable energy as well as shipping, media and aviation. Following strong growth since inception in 1998, […]

  • Norway: DNV Enters Strategic Partnership with StormGeo

    7 May 2012
    Business & Finance

    DNV has, as part of a strategic partnership with StormGeo, acquired the right to purchase 22,7 % of StormGeo’s shares through a mutually convertible capital issue. The core focus of StormGeo will remain within the fields of oil exploration, renewable energy as well as shipping, media and aviation. Following strong growth since inception in 1998, […]

  • UK imposes windfall tax on oil & gas producers

    26 May 2022
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Rules & Regulation, Transition

    UK will introduce a windfall tax on oil and gas operators as the government is working to alleviate the cost-of-living crisis in the country.

  • Kentz Delivers Growth in 2011 (UK)

    20 January 2012

    Kentz Corporation Limited announced the following pre-close trading update ahead of its results for the year ended 31 December 2011. Revenues and profits for the full year 2011 marginally ahead of consensus expectations  Record backlog of US$2.40 billion at the end of December 2011, up 50% from December 2010, underpinned by further new awards and […]

  • Bosch Group Solutions to Reduce Workload for Manufacturers (Germany)

    4 September 2012

    Manufacturers of medium-speed and high-speed ship engines can clearly reduce their design and classification workload with complete solutions from the Bosch Group. The optimized Common rail systems, which have been especially designed for operation with heavy fuel oil and diesel fuels, also drastically reduce consumption. This enables engine manufacturers to meet the emission limits which […]

  • Data and Digital Technologies Underused in Offshore Wind – Survey

    28 March 2019
    Operations & Maintenance, Research & Development, Technology

    A survey commissioned by the Offshore Renewable Energy Catapult has revealed that more needs to be done when it comes to adopting and sharing new data and digital technologies. 94% of the participants in the Digital Innovation Priorities Survey said there is a gap between the way in which the offshore wind industry currently operates, and […]

  • BP cuts CEO’s pay package after shareholder backlash

    6 April 2017

    By Karolin Schaps LONDON (Reuters) – BP has cut Chief Executive Bob Dudley’s 2016 pay package by 40 percent to $11.6 million (9.30 million pounds), the latest British bluechip company to rein in executive pay after a wave of shareholder revolts. The oil company has reduced Dudley’s payout and introduced changes from this year that […]

  • JAPEX exits one block off Indonesia and buys stake in another

    28 May 2025
    Business Developments & Projects, Exploration & Production, Project & Tenders

    Japan Petroleum Exploration (Japex) has divested its stake in Energi Mega Pratama Inc. (EMPI), through which it participated in a block offshore Java, Indonesia, to the latter’s parent company Energi Mega Persada (EMP).

  • Siem Offshore Reports First Quarter Results (Norway)

    10 May 2011
    Business & Finance

      Siem Offshore, an international supply and subsea shipping company, today announced results for the first quarter of 2011. The operating revenue for the first quarter was USD 68.9 million compared to USD 49.8 million for the same period of 2010. The operating margin was USD 21.8 million compared to USD 12.0 million for the […]

  • Six vessels joining Norwegian shipping player’s managed fleet

    7 August 2024
    Business & Finance, Business Developments & Projects, Vessels

    Sea1 Offshore is putting the wheels into motion to take over the management operations of six AHTS vessels, which are owned by Viking Supply Ships.

  • BP Names Helge Lund as Its New Chairman

    26 April 2018
    Business & Finance

    BP has appointed Helge Lund to succeed Carl-Henric Svanberg as the chairman of the company. Lund will join the BP board as chairman designate and a non-executive director on September 01, 2018, and will have a base in London. Lund, who is also chairman of Novo Nordisk in Denmark, will stand down with immediate effect […]

  • Highlights of the Week

    21 May 2017
    Business & Finance, Equipment, Project & Tenders

    Subsea World News has put together a recap of the most interesting articles from the previous week (May 15– May 21). Eni has started gas production from the Jangkrik Development Project, offshore Indonesia. Production from ten deepwater subsea wells, connected to the newly built Floating Production Unit (FPU) ‘Jangkrik’, will gradually reach 450 million standard […]

  • Petrobras orders subsea production system for Mero from Aker Solutions

    5 October 2018
    Business & Finance, Infrastructure

    Aker Solutions has signed a contract with Petrobras to provide a subsea production system and related services for the Mero 1 project within the Mero field development, one of the largest oil discoveries in Brazil’s pre-salt area.

  • BP reports worst annual loss in at least 20 years, cuts more jobs

    2 February 2016

    BP on Tuesday reported its worst annual loss in at least 20 years and thousands more job cuts as the British oil and gas company grappled with a collapse in oil prices.

  • 4th European Well Abandonment Seminar Held in Aberdeen, UK

    18 April 2013
    Business & Finance

    Oil and gas industry professionals are meeting today at the 4th European Well Abandonment Seminar in Aberdeen, where key information are being given on updated regulations affecting UK and Norwegian operations. This year’s event is hosting keynote speakers Paul Dymond of Oil & Gas UK and Andrew Carr of the Department of Energy and Climate […]

  • Tullow Discovers Oil Offshore French Guiana

    9 September 2011
    Business & Finance

    Tullow Oil plc (Tullow) announces that the Zaedyus exploration well (GM-ES-1), offshore French Guiana, has made an oil discovery having encountered 72 metres of net oil pay in two turbidite fans. Results of drilling, wireline logs and samples of reservoir fluids show that the well has encountered good quality reservoir sands on prognosis. The objective […]

  • NSTA awards carbon storage license encompassing ‘UK’s largest depleted gas field’

    15 August 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Outlook & Strategy, Project & Tenders, Regulation & Policy, Rules & Regulation, Storage, Transition, Vision

    The North Sea Transition Authority (NSTA) has awarded a license for a carbon capture and storage (CCS) project encompassing the “UK’s largest depleted gas field” in its first competitive carbon storage license round. The NSTA has awarded Perenco UK and Carbon Catalyst with a license to progress their Poseidon carbon capture and storage (CCS) project […]

  • Kenya Awards Dominion Petroleum with Block L15 in Lamu Basin

    1 August 2011
    Business & Finance

    Dominion Petroleum announces the award of Block L15 of the Lamu Basin, offshore Kenya. This new award follows Dominion having secured Block L9, offshore Kenya, in March 2011. The Company today concluded negotiations with the Government of the Republic of Kenya by executing heads of agreement (“HoA”) which define the terms for Block L15, with […]

  • VIDEO: Equinor brings Trestakk field online

    16 July 2019
    Project & Tenders

    Norwegian oil and gas company Equinor started production from the Trestakk subsea field on Haltenbanken in the Norwegian Sea on Tuesday, July 16.  

  • South Korea’s Samsung Heavy to Construct Topsides for Statoil’s Valemon Platform

    18 May 2011
    Business & Finance

    Statoil is to choose Samsung Heavy Industries for construction of the topsides for the Valemon platform. The contract is worth an estimated NOK 2.3 billion(USD 414 million) . The award has taken place in wide-ranging international competition among pre-qualified suppliers. “We’ve awarded the assignment to build the Valemon topsides to Samsung Heavy Industries,” says Jon […]

  • BOEM: Evaluation of Sand for Future Coastal Resilience

    25 July 2014
    Business & Finance, Project & Tenders, Research & Development

    As a part of President Obama’s continuing commitment to help coastal communities recover from Hurricane Sandy and promote resilient coastal systems, the Bureau of Ocean Energy Management (BOEM) and the Commonwealth of Massachusetts signed a two-year cooperative agreement totaling $200,000 to evaluate sand resources. The cooperative effort will enable BOEM and Massachusetts to conduct research […]