10000 results found for 'cove shell'

10000 results found for 'cove shell'
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  • TAQA Reorganises HQ to Save $20 Mln

    12 December 2013

    TAQA, the international energy and water company based in Abu Dhabi, has undertaken a reorganisation at its headquarters to enhance efficiency.   The measures will reduce general & administrative costs by more than USD 20 million in 2014 and are part of a global initiative to position TAQA to deliver on its vision to be […]

  • UK: 3sun Inspection Services Secures Over GBP 1 Million in Contract Wins

    12 June 2012
    Business & Finance

    3sun Group, a specialist provider of products and services to the energy industry, has announced that its recently launched inspection division, 3sun Inspection Services, has secured over £1 million in contract wins. The Group is exhibiting at Renewable UK’s Global Offshore Wind show 13-14 June at stand 505. The division, launched late 2011, has secured […]

  • Another Win for Navios in Vale Contract Dispute

    22 February 2017
    Business & Finance

    A New York arbitration tribunal has ruled in favor of Navios South American Logistics, part of Greek dry bulk shipping company Navios Maritime Holdings, on a dispute with Vale International S.A. regarding the termination date of a contract of affreightment. In line with the ruling passed in February, Vale has been ordered to pay Navios […]

  • ING, SocGen to test LNG trading with blockchain in months

    9 March 2017

    By Karolin Schaps, Christoph Steitz and Vera Eckert LONDON/FRANKFURT (Reuters) – Banks ING and Societe Generale are in talks with traders to test liquefied natural gas (LNG) trading based on blockchain, the technology starting to shake up the traditional energy industry. Blockchain, which originates from digital currency bitcoin, works as an electronic transaction-processing and record-keeping […]

  • Edison Chouest invests in offshore base in Brazil (VIDEO)

    15 April 2014
    Business & Finance

    Brazil’s Prumo has signed a rental agreement with the US company Edison Chouest, which is going to build an offshore logistics support base and ship repair yard for its own vessels at Açu Port. Able to receive up to 12 vessels and serving the current clients of Edison Chouest, the base will be constructed at […]

  • UK regulator hands over North Sea carbon storage licences to BP and Equinor

    13 May 2022
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Environment, Outlook & Strategy, Project & Tenders, Regulation & Policy, Rules & Regulation, Transition

    The UK regulator has awarded two carbon storage licences in the North Sea – to store up to 23 Mtpa of CO2 by 2038 – to BP and Equinor.

  • Longboat gains access to OMV’s two ‘high-quality, gas-weighted’ wells off Norway

    9 May 2022
    Business & Finance, Business Developments & Projects, Collaboration, Exploration & Production, Outlook & Strategy, Project & Tenders

    Longboat has executed a farm-in agreement with OMV for two prospects on the NCS, boosting its net unrisked mean resources by 68 per cent.

  • Bassoe: Norwegian offshore market facing potential shortage of harsh environment semisubs

    9 June 2017
    Exploration & Production

    Increasing number of North Sea drilling projects, oil company efficiency requirements, high barriers to entry, and shrinking fleet may lead to undersupply of premium rigs. By David Carter Shinn The North Sea, and particularly the Norwegian Continental Shelf, currently leads the market recovery scenario. As we’ve noted several times over the past few months, the […]

  • Second H2Global tender worth €2.5 billion kicks off

    20 February 2025
    Business & Finance, Business Developments & Projects, Outlook & Strategy, Project & Tenders

    Germany-based Hintco, an intermediary for purchasing and selling green power-to-X (PtX) products within the H2Global funding mechanism, has launched the second tender worth €2.5 billion.

  • NOIA boss: New Arctic drilling rule could thwart innovation

    8 July 2016
    Equipment

    Following the U.S. Interior Department’s launch of the final rule on the oil and gas drilling in the U.S. Arctic, the National Ocean Industries Association (NOIA), a U.S. body representing offshore energy industry, has issued a response, saying that the rule, as is, might be counterproductive. DOI’s final rule requires operators to have access to […]

  • Singapore and Rotterdam to set up world’s longest Green Corridor

    2 August 2022
    Collaboration, Green Marine, Ports & Logistics, Transition

    The Maritime and Port Authority of Singapore (MPA) and the Port of Rotterdam Authority have signed a memorandum of understanding (MoU) to establish the world’s longest Green and Digital Corridor.  The MoU, signed on the sidelines of the biennial World Cities Summit,  will bring together stakeholders across the supply chain to realise the first sustainable vessels sailing […]

  • USA: WHOI Scientists Receive Medals from American Geophysical Union

    7 December 2011
    Business & Finance

    Woods Hole Oceanographic Institution scientists Henry Dick, a geologist, and Joseph Pedlosky, a physical oceanographer, have been selected to receive two of the American Geophysical Union’s prestigious medals this year. The awards will be given at an honors ceremony on December 7 in San Francisco at the American Geophysical Union (AGU) Fall Meeting, the largest […]

  • Keppel: Old Clients Bring $300 Mln in New Contracts

    27 February 2013
    Business & Finance

    Singapore’s Keppel FELS Ltd (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured three contracts worth a combined US$300 million from repeat customers. The contracts are for the construction of a KFELS B Class jackup rig from Star Drilling Pte Ltd, a Singapore-based company promoted by the companies of D.P. […]

  • Australia: Armour Energy Finds Gas Shows While Drilling Lawn Shale in Egilabria 2

    4 July 2013

    Armour Energy announced that the Egilabria 2 gas exploration well is at a current depth of 1791 metres in the main target Lawn Shale. Armour experienced nearly a three ‐ fold increase in the drilling rate of penetration to up to 150m / hour, and increased background gas as drilling commenced into the Lawn Shale […]

  • Schlumberger sells management and consulting branch

    17 August 2015

    Schlumberger, the world’s largest oilfield services provider, is selling its management and consulting unit Schlumberger Business Consulting. The buyer, Accenture. Accenture has said that the acquisition will expand the capabilities of Accenture Strategy in helping the world’s major exploration and production companies achieve greater competitiveness and growth. Terms of the acquisition were not disclosed, and […]

  • EU Starts Caspian Pipeline Negotiations

    14 September 2011
    Business & Finance, Operations & Maintenance

      European Union has adopted a mandate to negotiate a legally binding treaty between the EU, Azerbaijan and Turkmenistan to build a Trans Caspian Pipeline System. This is the first time that the European Union has proposed a treaty in support of an infrastructure project. The treaty will be concluded by the EU after decision […]

  • Euronav Completes Debt Financing of Maersk VLCC Fleet Acquisition

    5 February 2014
    Business & Finance

    Euronav NV has reported that debt financing of the Maersk VLCC fleet acquisition is completed. Namely, the company has issued a USD 235 million 7-year bond to the same investors who participated in the capital increase of 13 January 2014 and it has signed a commitment letter for a USD 500 million senior secured credit […]

  • Iran All Set for Oil Export Boost once Sanctions Are Lifted

    8 January 2016
    Business & Finance

    Iran is gearing up to deploy its crude oil tankers to the market once the sanctions against the country are lifted, which is expected to take place by the end of January. What is more, based on the latest statement from the US Secretary of State John Kerry, Iran may be “days away” from complying with the […]

  • Teekay Tankers Bags Sale-Leaseback Deal for Suezmax Quartet

    18 May 2017
    Business & Finance

    Tanker shipping company Teekay Tankers, part of Bermuda-based Teekay Corporation, has entered into a term sheet for a USD 153 million, 12-year sale-leaseback financing relating to four Suezmax tankers. The deal was signed in April 2017, and once completed, is expected to further strengthen the company’s balance sheet and boost its liquidity position by approximately USD 30 […]

  • Many seafarers could quit the industry over mishandling of COVID-19 crew change crisis

    1 December 2020
    Human Capital, Market Outlooks, Safety

    Nearly 90% of British seafarers have been affected by the pandemic and one in two is now considering their future in the industry, research from Nautilus International shows. The seafarers have been directly impacted by the crew change crisis, with issues including being stranded at sea due to lack of crew change, stranded at home […]

  • Akastor Sells Part of Frontica Business to Cognizant

    3 October 2016
    Business & Finance

    Akastor, an oil service investment company, has entered into a definitive agreement to sell Frontica to Cognizant for a consideration of NOK 1,025 million on a debt-and-cash-free basis. Frontica is comprised of the ITO and BPO business segments of the Frontica Group, and excludes Frontica’s staffing business, Frontica Advantage. “Frontica has undergone an impressive organizational […]

  • Energean’s Edison transaction might exclude assets in Algeria

    23 December 2019
    Business & Finance

    Oil and gas company Energean’s acquisition of Edison which has yet to be completed might be included so that Edison’s Algeria assets won’t be included in the deal after an intervention from the Algerian authorities. Energean and Edison signed a deal in July for Energean to buy Edison E&P from Edison S.p.A.   Edison E&P’s portfolio […]

  • Recycling Markets Hit by Dry Bulk, Boxship Rebound

    5 January 2018

    The supply of tonnage to the recycling markets was down by 20 percent in 2017.

  • CWind Enters Boat-Share Deal with Three Ex-Royal Marines

    11 June 2014
    Business & Finance

    CWind’s successful boat share scheme has to date attracted investment from different groups within the maritime community, with commercial fishermen and superyacht skippers among current partners. Now, a group of three ex-Royal Marines is set to invest, in partnership with CWind, in the next generation of offshore wind support vessel (OWSV) design, the CTruk EVOC22. […]

  • Essar Energy Secures Raniganj CBM Field Environmental Clearance, India

    4 March 2013

      Essar Energy, the India-focused integrated energy company, said that it has been granted phase III environmental clearance for its coal bed methane (CBM) gas field at Raniganj, West Bengal, allowing it to increase drilling to 650 wells. This environmental clearance allows the full field development of the Raniganj block, excluding forest area, and will […]