10000 results found for 'cove shell'

10000 results found for 'cove shell'
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  • Lundin strikes oil in Rolvsnes prospect (Norway)

    22 December 2015
    Exploration & Production

    Lundin Petroleum has completed the Rolvsnes exploration well 16/1-25 S, in the North Sea offshore Norway, as an oil discovery. The well was spud in October 2015. It is located in PL338C south of the Edvard Grieg field in the central North Sea sector of the Norwegian Continental Shelf (NCS). The well is on the […]

  • New compressor to boost Kvitebjørn field production

    22 September 2014
    Project & Tenders

    A new compressor will help boost the recovery rate and accelerate production on the Kvitebjørn field offshore Norway, Statoil has said.

  • GSF: EU Block Exemption Regulation Extension Ignores Views of Shippers

    27 November 2019

    The recommendation by the EU to renew the CBER has been slammed by the Global Shippers’ Forum.

  • Maersk Tankers, HHI & DNV joint CO2 ship design

    6 July 2010

    Maersk Tankers, Hyundai Heavy Industries (HHI) and Det Norske Veritas (DNV) have agreed to collaborate on the design and risk assessment of tankers for shipping CO2. Maersk Tankers is already in a partnership with Maersk Oil and Finnish utilities Fortum and Teollisuuden Voima (TVO), aimed at developing a joint carbon emissions abatement project in the […]

  • DONG Energy: Costs for Siri Platform Repair Rising (Denmark)

    18 April 2012
    Business & Finance

    As announced in June 2011, Denmark’s leading energy company, DONG Energy is implementing a permanent repair solution necessary to restore the integrity of the Danish North Sea platform Siri. Following the progress of the project, the repair cost estimate has been increased from the initial expected DKK 2 billion to DKK 3.5 billion of which DKK […]

  • Australia: Woodside’s Pluto LNG Ready for Start Up

    22 March 2012
    Business & Finance

    Woodside’s Pluto LNG Project in Western Australia has reached ready for start up (RFSU) status and first gas has entered the processing train late this afternoon. Woodside CEO Peter Coleman said the achievement of RFSU was an important milestone for the project. “This milestone is a credit to all those involved in the construction of […]

  • All Production on the NCS Stops on Monday!

    5 July 2012
    Business & Finance

    Statoil is preparing to shut down production on the Norwegian continental shelf (NCS) following a notice of lockout. The Norwegian Oil Industry Association (OLF) announced today that a lockout will be imposed on all members of Industry Energy (Industri Energi), the Organisation of Energy Personnel (SAFE) and the Norwegian Organisation of Managers and Executives (Lederne) […]

  • Volatility in oil & gas prices on the cards for 2023 after roller-coaster ride in 2022, says Westwood

    6 February 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Market Outlooks, Outlook & Strategy, Project & Tenders, Transition

    Westwood dives into upstream oil and gas trends in 2022, predicting that 2023 will also be marked by oil and gas price volatility.

  • Fresh contracts pour in for offshore rig owners as market continues to recover

    1 November 2021
    Business & Finance, Business Developments & Projects, Exploration & Production, Market Outlooks, Outlook & Strategy, Project & Tenders, Vessels

    Offshore rig owners are reaping the benefits of market recovery with more and more players hiring rigs for their exploration plans.

  • WGC Paris set to tackle urgent energy challenges

    22 April 2015

    With thousands of delegates already registered to attend, the 26th World Gas Conference is shaping up to be a pivotal event for the energy sector in 2015. As one of the industry’s most important gatherings, the event has already attracted participation from more than 100 countries and 600 organisations, with delegates representing technical, engineering, strategic […]

  • ExxonMobil eyes Houston for $100 billion carbon capture plan

    26 April 2021
    Business Developments & Projects, Carbon Capture Usage & Storage, Environment, Infrastructure, Innovation, Outlook & Strategy, Project & Tenders, Regulation & Policy, Research & Development, Transition, Vision

    U.S. supermajor ExxonMobil has announced its vision for a massive $100 billion carbon capture and storage (CCS) project which it believes will be critical to meeting Paris Agreement emission-reducing goals.

  • IEA: Fraction of bumper profits during 2022 can slash oil & gas sector’s methane emissions

    21 February 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Market Outlooks, Outlook & Strategy, Project & Tenders, Regulation & Policy, Rules & Regulation, Transition

    Methane emissions remained stubbornly high in 2022, even as soaring energy prices made actions to reduce them cheaper than ever, says IEA.

  • Will the UK’s huge new oil & gas project overcome the hurdles in its path?

    5 December 2022
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Project & Tenders, Regulation & Policy, Rules & Regulation

    Rosebank, located West of Shetland, is now facing additional obstacles that may hinder its progress and delay the sanctioning yet again.

  • USA: O’Malley Testifies Before House Economic Matters Committee

    24 February 2012
    Authorities & Government

    O’Malley has testified yesterday before the House Economic Matters committee on the legislation to support the offshore wind energy development in Maryland . The governer said: Chairman Davis, Members of the Committee,… thanks for the opportunity to join you here today.  Progress is a choice; job creation is a choice; strengthening and growing our middle class […]

  • As drillship gets ready for its Brazilian gig with Petrobras, $500 million lands on Hanwha Drilling’s backlog

    2 October 2024
    Business & Finance, Business Developments & Projects, Project & Tenders

    Hanwha Drilling, part of South Korea’s Hanwha Group, has secured its first multimillion-dollar contract for a seventh-generation drillship, which will work at the coast of Brazil for the South American country’s energy giant Petrobras.

  • OGCI members move to tackle methane emissions

    24 September 2018

    Following last week’s news that three U.S. oil companies would join the Oil and Gas Climate Initiative, OGCI on Monday announced a target to reduce by 2025 the collective average methane intensity of its aggregated upstream gas and oil operations by one fifth to below 0.25%, with the ambition to achieve 0.20%, corresponding to a reduction by one third.

  • O&G Majors Join Forces to Drive Technology Development in Australia

    17 February 2012

    Major oil and gas companies have formed a dedicated cluster group to collaborate on identifying common technology challenges and potential solutions pertinent to the industry in Australia. Established by global technology facilitator, ITF, nine operators and international service companies including Chevron, ConocoPhillips, Shell, Total, Woodside, GE Oil & Gas and Siemens have joined the Perth […]

  • Reach Subsea preparing fleet for ‘strong market development’

    14 July 2022
    Business & Finance, Business Developments & Projects, Market Outlooks, Outlook & Strategy, Vessels

    Reach Subsea has entered into an agreement with Volstad Maritime for the use of the subsea vessel Deep Cygnus as an ‘important step in the long-term fleet planning strategy’. The agreement was signed for a period of four years, with an option to extend for one year. According to Reach Subsea’s CEO Jostein Alendal, the […]

  • Heerema Fabrication Group Makes More Cuts

    20 November 2018
    Business & Finance, Operations & Maintenance

    Heerema Fabrication Group (HFG) said it intends to divest a significant part of its activities in the field of design and fabrication of complex steel constructions for the offshore market. “HFG has been struggling for some time with insufficient project volume and marginal profitability. In addition, the risks associated with building topsides are high and […]

  • Hess loss widens to $4.9 billion

    25 January 2017
    Business & Finance

    U.S.-based oil company Hess Corporation has posted a deeper net loss for the fourth quarter of 2016 due to non-cash accounting charge, compared to a loss in the year-before period.  The company on Wednesday reported a net loss of $4.89 billion in the fourth quarter of 2016, including a non-cash accounting charge of $3.749 billion on […]

  • SBM Offshore Sells GustoMSC (The Netherlands)

    12 November 2012
    Business & Finance

    SBM Offshore N.V. has agreed to the sale and transfer of GustoMSC, to Parcom Capital, a private equity group, for a consideration of approximately US$ 185 million. The purchase price will be paid in cash at closing. The sale is a first step in the divestment program for non-core assets of approximately US$ 400 million […]

  • Wharfies Organize Waterfront Stoppages at DP World Terminals

    8 July 2019
    Business & Finance

    The industrial action follows the expiry of a three month cease-fire agreement between DP World and the MUA.

  • Hyundai Heavy Stays in Black

    27 July 2016
    Business & Finance

    South Korean shipbuilding major Hyundai Heavy Industries (HHI) has continued its earnings streak in the second quarter of 2016 following its return to the black in the previous quarter. Namely, according to a stock exchange filing, the shipbuilder’s net income for the period increased to KRW 392.3 billion (USD 345.5 million) from KRW 244.5 billion seen in the previous […]

  • Gas Recovery from South Pars Reaches 500 Bcm, Iran

    23 January 2013

    Iran has recovered 500 billion cubic meters (bcm) of natural gas over the past 15 years from the giant offshore South Pars Gas Field which it shares with Qatar in the Persian Gulf, Iranian Oil Ministry data show. The official data indicated that Iran is recovering 285 to 300 million cubic meters (mcm) of natural […]

  • The Netherlands: SBM Offshore Sells GustoMSC for USD 185 Mln

    13 November 2012
    Business & Finance

    SBM Offshore N.V. has agreed to the sale and transfer of GustoMSC, to Parcom Capital, a private equity group, for a consideration of approximately US$ 185 million. The purchase price will be paid in cash at closing. The sale is a first step in the divestment program for non-core assets of approximately US$ 400 million […]