10000 results found for 'cove shell'

10000 results found for 'cove shell'
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  • ANP Orders Chevron to Shut One Production Well at Frade Field Offshore Brazil

    2 December 2011
    Business & Finance, Operations & Maintenance

    Chevron Brasil Upstream Frade Ltda announced it has been ordered by Brazil’s National Petroleum Agency (ANP) to shut in one of its 11 production wells and four produced water injection wells at its off-shore Frade joint-venture Floating Production-Storage and Offloading (FPSO) facility. The move by the ANP follows the agency’s Nov. 23 to 25 safety […]

  • Chevron to Get Hold Of Deepwater Interest Offshore Liberia

    9 September 2010
    Business & Finance

    Chevron Corporation announced that it has been granted approval by the Liberian government to acquire a 70 percent interest and operatorship in three deepwater concessions in Liberia. “We are very pleased to participate in Liberia’s emerging energy sector,” said Chevron Vice Chairman George Kirkland. “Entry into this large prospective offshore area allows us to advance […]

  • Hanjin Shipping Officially Declared Bankrupt

    17 February 2017
    Business & Finance

      The former South Korean shipping giant Hanjin Shipping was officially declared bankrupt by the Seoul Central District Court on February 17, less than six months after it first filed for court receivership. With this move, made after a two-week period for appeal expired, the company, established in 1977, has ended its 40-year business. A […]

  • Trinity’s sale of West Coast assets falls through

    23 November 2017

    Trinity’s sale of West Coast assets offshore Trinidad & Tobago to Range did not go as planned due to lack of regulatory approvals. 

  • PGI: Kidnappings More Profitable Than Oil Theft

    24 February 2016

    Since mid-January there has been a notable uptick in reported incidents of piracy in the Gulf of Guinea, showing that pirates have given up on oil cargo theft and instead started kidnapping crew members for ransom, UK-owned risk management solutions provider Protection Group International (PGI) said. The analyst said that in January there were four recorded attacks on […]

  • Caterpillar to Provide Full Marine Propulsion Package Systems

    2 July 2013

    Caterpillar Inc.  has signed a definitive agreement to acquire Johan Walter Berg AB, including its core brand of Berg Propulsion, a leading manufacturer of mechanically and electrically driven propulsion systems and marine controls for ships. With the acquisition, Caterpillar will transition from selling only engines and generators to providing complete marine propulsion package systems. Headquartered […]

  • Caterpilla Signs Agreement to Acquire Johan Walter Berg AB

    2 July 2013
    Business & Finance

    Caterpillar Inc. has signed a definitive agreement to acquire Johan Walter Berg AB, including its core brand of Berg Propulsion, a leading manufacturer of mechanically and electrically driven propulsion systems and marine controls for ships. With the acquisition, Caterpillar will transition from selling only engines and generators to providing complete marine propulsion package systems. Headquartered […]

  • Ferus Buys Stake in Alberta LNG Facility from Encana

    24 April 2014
    Project & Tenders

    Ferus Natural Gas Fuels completed the purchase of Encana Corporation’s 50 percent interest in the Elmworth, Alberta 190,000-litre per day LNG production facility, retaining key Encana technical and management personnel. Phase one of the Elmworth LNG facility, which was constructed as a 50/50 joint venture partnership between Ferus NGF and Encana, will be operational in […]

  • Australia: WestSide Enters into Gas Market Swap Agreement

    29 December 2011
    Project & Tenders

    WestSide Corporation Limited and Meridian SeamGas joint venture partner Mitsui E&P Australia Pty Ltd have executed an agreement to fast-track access to gas to aid fulfilment of existing contracts and reduce payments to remedy shortfalls. The agreement with a leading market participant provides the Meridian SeamGas joint venturers with flexibility on borrowed gas volumes during […]

  • MacArtney to Strengthen Sales Capacity

    5 November 2013
    Business & Finance, Research & Development

    Encouraged by a steadily growing global demand for complete integrated underwater technology solutions, MacArtney is launching significant efforts to strengthen its system sales capacity. Supporting ocean science systems At the MacArtney Group it is recognised that providing system solutions is one of the core drivers in adding value to the market for ocean science. To […]

  • Norway to introduce oil output cuts until end of 2020

    30 April 2020
    Authorities & Government, Exploration & Production, Infrastructure, Market Outlooks, Outlook & Strategy, Regulation & Policy

    The Norwegian Government has decided to make oil production cuts in an attempt to more rapidly stabilise the oil market.

  • Subsea in June

    1 July 2015
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    Subsea World News has gathered all the highlights to bring you a summarized version of the most popular articles from the previous month. The month of June has seen many companies announcing job cuts and business restructuring. Red7Marine has gone into administration with 47 jobs lost, Aker Solutions slashed 200 in subsea division, FMC reduced Norwegian workforce […]

  • Oman Drydock to Introduce New LNG Repair Partnership at Posidonia

    13 May 2014

    Oman Drydock Company (ODC) is to formally launch a new partnership targeting the LNG carrier repair market at next month’s Posidonia trade fair in Greece, the company said in a statement. The new package is being launched with DSEC a subsidiary of Daewoo Shipbuilding and Marine Engineering Company Ltd (DSME), which is ODC’s official partner. […]

  • BP confirms Forties pipeline sale to Ineos

    3 April 2017
    Business & Finance

    UK oil giant BP has agreed to sell its Forties Pipeline System (FPS) business, with assets including the main Forties offshore and onshore pipelines and other associated pipeline interests and facilities, to chemicals company Ineos. Following talks in March to sell the pipeline, BP said on Monday that, subject to partner, regulatory and other third […]

  • Shipowner to be taken to court over damage of Finland-Estonia subsea link

    3 March 2025
    Business & Finance, Business Developments & Projects, Collaboration, Infrastructure, Outlook & Strategy, Project & Tenders, Regulation & Policy, Rules & Regulation, Safety

    Estonian transmission system operator (TSO) Elering and its Finnish counterpart Fingrid have withdrawn the request to seize the ship that broke the EstLink 2 power connection in December 2024 for compensation for damages, and plan to sue the shipowner for compensation for repair costs. To remind, Fingrid reported to the authorities on December 25, 2024, […]

  • Two firms seal the deal for ‘one of the largest non-associated gas fields in the Gulf of Mexico’

    22 November 2022
    Business & Finance, Business Developments & Projects, Collaboration, Exploration & Production, Outlook & Strategy, Project & Tenders

    New Fortress Energy (NFE) has finalised its agreements with Pemex for the development of a deepwater gas field in the Gulf of Mexico.

  • Bassoe: Borr wakes up to reality and becomes a real company

    22 February 2018
    Exploration & Production

    With their acquisition of Paragon Offshore, Borr Drilling isn’t just a cool feat of financially-engineered asset playing anymore. They’re a real drilling contractor.

  • Covid-19 crisis setting the stage for restructuring of offshore drilling market

    16 June 2020
    Business & Finance, Business Developments & Projects, Exploration & Production, Market Outlooks, Outlook & Strategy

    There is a case to be made that the coronavirus crisis has been setting the stage for the restructuring of the offshore drilling market.

  • Will a net-zero dash enable the UK to reap more benefits?

    10 October 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Outlook & Strategy, Project & Tenders, Regulation & Policy, Transition

    New poll shows the majority of British people are in favor of hastening the UK’s net-zero aspirations, thus, more green policies are seen as a safe bet for winning incoming elections.

  • Tersan Shipyard finalizes takeover of Norway’s Havyard Leirvik

    21 November 2023
    Business & Finance, Business Developments & Projects

    Turkish shipbuilding company Tersan Shipyard, part of Tersan Group, has completed the acquisition of Havyard Leirvik Shipyard, one of the group companies of Eqva ASA in Norway.

  • Euronav orders ammonia-ready vessels, as it offloads three VLCCs

    21 March 2024
    Business Developments & Projects, Vessels

    Belgium-based shipping company Euronav has placed an order for one ammonia-ready tanker and two Newcastlemax bulk carriers at China’s Qingdao Beihai Shipyard.

  • BIMCO: 500 days since last VLCC was sold to scrapyard

    28 October 2020
    Infrastructure, Vessels

    On 2 November 2020, it will be 500 days since the last very large crude carrier (VLCC) left active service when it went on its final journey from Jeddah to Bangladesh for dismantling, according to BIMCO, the world’s largest shipowner association.

  • EPS trials biofuel with GoodFuels

    16 October 2020
    Collaboration, Environment, Research & Development, Transition, Vessels

    Singaporean-based tonnage provider Eastern Pacific Shipping (EPS) has hired GoodFuels to supply biofuel bunkers for one of its MR tankers. The company bunkered its 2010-built 47,377 deadweight tonne MR tanker M/T Pacific Beryl. with the residual-fuel equivalent Bio-Fuel Oil on October 9 in Dutch waters. The BFO’s performance will be tested and analysed on M/T Pacific Beryl, and […]

  • GOGL CEO: Brace for More Bankruptcies

    4 March 2016
    Business & Finance

    The dry bulk industry is going to be hit by another wave of bankruptcies, according to Golden Ocean CEO, Herman Billung, commenting on the depressed market which is suffering from chronic oversupply and lowest ever rates. “In the coming months there will be a lot of bankruptcies, counterparty risk will be on everybody’s lips,” Billung is quoted as […]

  • Yara and WMS Join Forces in Maritime Emissions Reduction Market

    21 October 2013
    Business & Finance

      Yara and Wilhelmsen Maritime Services (WMS) have entered into a new collaborative agreement on emissions to air in the marine sector. The agreement establishes direct collaboration and enables both companies to focus on core strengths in reducing nitrogen oxides (NOx) emissions to air from commercial vessels. This agreement provides for Yara to take over […]