10000 results found for 'cove shell'

10000 results found for 'cove shell'
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  • Norway: Petroleum minister opens Statoil’s IOR centre

    26 June 2014
    Equipment

    Norwegian Minister of petroleum and energy Tord Lien opened today Statoil’s new research centre for improved oil recovery (IOR) at Rotvoll in Trondheim, mid-Norway. A key element in reaching our 60% recovery rate ambition on the Norwegian continental shelf (NCS) is now in place. Statoil’s head of research Lars Høier underlined the importance of research and […]

  • Ice Crusts Melting Faster Than Ever

    21 August 2014

    Researchers from the Alfred Wegener Institute, Helmholtz Centre for Polar and Marine Research (AWI), have for the first time extensively mapped Greenland’s and Antarctica’s ice sheets with the help of the ESA satellite CryoSat-2, and have thus been able to prove that the ice crusts of both regions momentarily decline at an unprecedented rate. In […]

  • EU Funds Two Spanish Floating Offshore Wind Projects with EUR 67.4 Mln

    9 July 2014
    Authorities & Government, Business & Finance, Research & Development, Technology

    The European Commission yesterday awarded €1 billion funding to 19 projects to fight climate change under the second call of the so-called NER 300 funding programme. The funding for the projects comes from revenues resulting from the sale of emission allowances in the EU Emissions Trading System. This makes the polluters the driving force behind developing new low-carbon […]

  • Xcite Energy raises cash to fund Bentley development

    16 June 2014
    Business & Finance

    Xcite Energy has announced the successful placing of US$140 million through the placing of senior secured bonds (the “Bonds”) issued by its 100% UK subsidiary Xcite Energy Resources Limited ( “XER”) and a private placement of shares in the Company (the “Shares”) to new investors. The net proceeds from the bond issue (the “Bond Issue”) […]

  • Areva, Gamesa Negotiate Joint Venture in Offshore Wind

    21 January 2014
    Business & Finance

    It is official: Areva and Gamesa are entering into exclusive negotiations to create a 50/50 joint-venture company in the field of offshore wind power.  The companies announced this yesterday via official press release, just a couple of days after the rumors about their joint venture had come out in the media. They stated that, from […]

  • Japanese shipowner buys into wind-assisted propulsion developer Econowind

    17 September 2025
    Business & Finance, Business Developments & Projects, Outlook & Strategy, Technology, Transition

    Amid the shipping industry’s growing interest in fuel-neutral technologies, Japanese shipowner Nissen Kaiun has taken a stake in Dutch wind-assisted propulsion system developer Econowind.

  • UK: BG Delivered 197 LNG Cargoes in 2012

    5 February 2013

    BG Group of UK said its LNG Shipping & Marketing total operating profit for 2012  increased by 13% to $2 577 million despite 11 fewer cargo deliveries, reflecting favourable market conditions and strong demand, particularly from Japan. The tightening of the LNG market, which overall benefits the LNG Shipping & Marketing business, also resulted in […]

  • 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. […]

  • 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.

  • 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 […]

  • 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.

  • Plexus Reports Increased Financial Results (UK)

    23 October 2013
    Business & Finance

    Plexus Holdings plc, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® method of wellhead engineering, announces its preliminary results for the year ending 30 June 2013. Results · Record revenue, EBITDA, profit before tax and profit after tax · 29.7% increase in revenue to £25.57m (2012: £19.71m) · […]

  • With $1.1 billion in the bag, Noble looks forward to reaping further benefits of tightening rig market

    4 May 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Operations & Maintenance, Project & Tenders

    Noble has won new contracts and extensions for multiple rigs in Guyana, Colombia, the U.S. Gulf of Mexico, and offshore Sarawak, Malaysia.

  • Total Sells Its Interest in Nigerian Block to Sinopec

    19 November 2012
    Business & Finance, Operations & Maintenance

    Total announces that it has finalized an agreement to sell its 20% contractor interest in OML 138 block to a wholly owned subsidiary of China Petrochemical Corporation (Sinopec), for approximately US$2.5 billion in cash (subject to post-closing adjustments). The agreement is subject to approval by the Nigerian authorities. The OML 138 block contains the Usan […]

  • USA: Hornbeck Offshore to Sell Its Downstream Segment to Genesis Marine

    23 July 2013
    Business & Finance

    Hornbeck Offshore Services, Inc. announced yesterday that it has entered into a definitive agreement to sell substantially all of the assets and business of its Downstream segment’s tug and tank barge fleet to Genesis Marine, LLC, an affiliate of Genesis Energy L.P, for cash consideration of $230 million. Simultaneously with the execution of the definitive […]

  • SeaBird Back in Black

    6 May 2015
    Business & Finance, Operations & Maintenance

    Oslo-listed SeaBird, a seismic data provider for oil and gas companies, has bounced back following the company’s financial restructuring. SeaBird posted net profit of $63.3 million for the first quarter of 2015, compared to net loss of $0.6 million in the corresponding period in 2014. The profit was backed by a non-recurring financial restructuring gain net of […]

  • Tanker Rates Surge after Bahri’s Surprising Charters

    12 March 2020
    Business & Finance

    Daily freight rates for Very Large Crude Carriers skyrocketing.

  • Miclyn Express Continues Newbuilding Spree

    12 July 2013

    Miclyn Express Offshore (MEO) has exercised options held for the purchase of two additional 90tn bollard pull AHTS. These vessels are the same design as the two vessels previously ordered by MEO’s Thailand joint venture, Uniwise Offshore. The vessels will be constructed over an 18 month period in Chinese shipyard Wuchang Shipbuilding Co. Ltd on […]

  • Apache offloads North Sea pipeline stake

    2 December 2016
    Business & Finance

    Oil and gas company Apache is selling its interest in the Scottish Area Gas Evacuation system (SAGE) and Beryl pipeline. The buyer has already lined up Wood Group as the operating partner at SAGE and Beryl.  Ancala Midstream informed on Wednesday it will acquire Apache’s 30.28 percent share of SAGE, and its 60.56 per cent interest […]

  • 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 […]

  • Origin sinks deeper into red on APLNG writedown

    16 February 2017

    An impairment charge of A$1.9 billion deepened Australia’s Origin Energy’s losses to A$1.68 billion (Approx: US$1.3 billion) for the half-year 2017, down from A$254 million in the corresponding period a year before.

  • Tribute ‘puzzled’ over Tocardo’s bankruptcy case

    29 March 2018
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    Canadian company Tribute Resources has informed of an ‘unclear status’ of its 46.5% share ownership in tidal energy company Tocardo which entered into bankruptcy proceedings in the Netherlands earlier in 2018.

  • MISC Berhad Looking to Buy FPSOs and Tankers

    20 April 2016
    Business & Finance

    Due to a depression in the offshore oil and gas industry, the Malaysia International Shipping Corporation (MISC) Berhad, a shipping arm of Petronas, is contemplating the acquisition of distressed floating, production, storage and offloading (FPSO) units, the company’s CEO Yee Yang Chien said at a press conference, Malaysian newspaper The Star reports. According to Chien, MISC’s prediction that FPSO […]