10000 results found for 'cove shell'

10000 results found for 'cove shell'
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  • Maersk Oil exits Bagpuss, Blofeld licenses

    23 November 2016

    After Premier Oil decided to back away from the Bagpuss license in the North Sea in September, the time has come for Maersk Oil to do the same. According to North Sea Energy, Maersk Oil has decided not to renew the Bagpuss and Blofeld Licence P. 1943 in the UK North Sea. North Sea Energy […]

  • 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 […]

  • 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 […]

  • 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.

  • 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 […]

  • 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 […]

  • 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.

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • Chevron and TotalEnergies flow first oil & gas from Gulf of America project

    21 April 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    Two oil majors, U.S.-based Chevron and France-headquartered TotalEnergies, have brought online a deepwater oil and natural gas project in the Gulf of America, formerly the U.S. Gulf of Mexico.

  • U.S. oilfield services giants book more in revenues, expecting further improvement in 2022

    20 April 2022
    Business & Finance, Business Developments & Projects, Equipment, Market Outlooks, Outlook & Strategy

    Oilfield services providers Halliburton & Baker Hughes revealed improvements in their 1Q 2022 financial performances on a y-o-y basis.

  • With different decarbonization pathways in play, how are NOCs holding up against IOCs?

    13 October 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Transition

    Wood Mackenzie points out that NOCs and IOCs are making progress at a different pace, as there are multiple roads to a sustainable world.

  • Prysmian hand-picks CRP Subsea’s cable protection gear for Spanish interconnection project

    7 May 2025
    Business & Finance, Business Developments & Projects, Project & Tenders

    Prysmian has placed an order with the UK-headquartered CRP Subsea, part of AIS, for a cable protection solution, which will be used on the submarine power interconnection between the Spanish mainland and Ceuta, a Spanish city on the North African coast.

  • USA: BOEMRE to Hold First Gulf of Mexico Lease Sale Since Deepwater Horizon Spill

    22 August 2011
    Business & Finance

    Secretary of the Interior Ken Salazar and Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) Director Michael R. Bromwich announced that BOEMRE will hold the first oil and natural gas lease sale in the Gulf of Mexico since the Deepwater Horizon explosion and oil spill. Consistent with steps President Obama announced in May 2011 […]

  • Equinor to connect two extra offshore fields to power from shore solution

    28 October 2019
    Equipment, Project & Tenders

    Two Equinor-operated fields located offshore Norway, the Sleipner field centre and the Gudrun field, will receive power from shore to further reduce CO₂ emissions on the Norwegian Continental Shelf. 

  • Scotland votes NO. Stays part of UK

    19 September 2014

    Scottish voters have decided against the independence from the union with England, Wales and Northern Ireland. To the question “Should Scotland be an independent country?”about 55 per cent voters of the oil rich country voted NO, with 45 per cent saying Yes. Alistair Darling MP, Chair of the pro-union Better Together campaign said: “I want to […]

  • USA: Virginia Jobs and Energy Act Introduced, Hastens Offshore Wind Development

    1 May 2013
    Authorities & Government, Human Capital

    Representative Scott Rigell (VA-2) introduced the Virginia Jobs and Energy Act (H.R. 1782) on Friday to open the Outer Continental Shelf (OCS) off the coast of Virginia for energy development. Original co-sponsors of the bill include Virginia Representatives Rob Wittman (VA-1), Robert Hurt (VA-5), and Morgan Griffith (VA-9). Governor Bob McDonnell and Virginia’s U.S. Senators, […]

  • New FPSO achieves first oil at Petrobras’ third largest field offshore Brazil (Gallery)

    30 October 2024
    Business & Finance, Business Developments & Projects, Exploration & Production

    Petrobras has put into operation another floating production, storage, and offloading (FPSO) vessel, which is working at the firm’s third-largest oil field in the Santos Basin off the coast of Brazil.

  • Genco’s CEO Says There Are More Purchase Opportunities

    10 August 2018
    Business & Finance

    Genco’s CEO: There are still opportunities for purchases on the market.

  • Aker BP to merge with Lundin Energy in bid to create leading E&P player of the future

    21 December 2021
    Business & Finance, Business Developments & Projects, Market Outlooks, Outlook & Strategy, Transition, Vision

    Aker BP plans to acquire Lundin’s oil and gas business, through a statutory merger, in a push to create a leading E&P company of the future.