10000 results found for 'cove shell'

10000 results found for 'cove shell'
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  • Canada: Talisman Energy Announces Strategic Partnership with Sasol in Montney Shale- C$ 1,050 Million Farrell Creek Asset Sale

    20 December 2010
    Project & Tenders

    Talisman Energy Inc. today announced it has reached agreement to create a strategic partnership with Sasol Limited to develop the Farrell Creek assets in Talisman’s Montney shale play in northeastern British Columbia. Talisman will sell a 50% working interest in its Farrell Creek assets to Sasol for a total consideration of C$ 1,050 million. “This […]

  • Lukoil, NewAge farm into Bowleven’s Cameroon offshore block

    24 June 2014
    Business & Finance

    Bowleven, the Africa focused oil and gas exploration group traded on AIM, has delivered its strategic intent to sell part of its interest in the Etinde Permit, offshore Cameroon, by entering into a conditional agreement with LUKOIL and NewAge. Bowleven will reduce its interest in the Etinde permit from 75% to 25% and receive aggregate consideration […]

  • Interview: US Offshore Wind Industry – Seeing is Believing

    1 February 2016
    Authorities & Government, Business & Finance, Environment, Human Capital, Research & Development

    The most compelling action to encourage offshore wind development in the United States is to have real live examples of successful offshore wind projects, Charles Nordstrom, a Senior Associate and Head of the US team at BVG Associates, told Offshore WIND in an interview. The first offshore wind farm in US waters, currently under construction off […]

  • Drilling ops yield fertile ground for carbon storage in North Sea

    14 May 2025
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Environment, Transition

    Equinor Low Carbon Solutions, a subsidiary of Norway’s state-owned energy giant Equinor, has drilled two appraisal wells in the Norwegian sector of the North Sea, which are said to possess suitable properties for the injection and storage of carbon dioxide (CO2).

  • New NCE Subsea CEO States Future Ambitions

    13 March 2014
    Business & Finance

    Norwegian Centre of Expertise Subsea appointed Owe Hagesæther as CEO. Hagesæther has more than 25 years of experience of management positions, international sales, business development and board memberships. Until recently, Hagesæther was CEO of Sea Hawk Navigation AS, a Norwegian advanced detection and navigation equipment developer. An experienced international manager, Hagesæther is aware of the processes […]

  • Johan Sverdrup field contribution leads to Aker BP’s credit rating boost

    11 November 2019

    The recent start-up of the Equinor-operated giant Johan Sverdrup offshore oil field in Norway has spurred the credit rating agency S&P Global to upgrade Aker BP’s credit rating.

  • Russia: Exxon, Rosneft Team Up on Oil, Gas Projects

    17 April 2012

    Rosneft and ExxonMobil signed yesterday agreements to implement a long-term Strategic Cooperation Agreement concluded in August 2011 to jointly explore for and develop oil and natural gas in Russia and to share technology and expertise. The agreements were signed by Rosneft President Eduard Khudainatov; Rex W. Tillerson, chairman and chief executive officer of Exxon Mobil […]

  • US Government Lifts Deepwater Drilling Ban

    13 October 2010

    Secretary of the Interior Ken Salazar has determined it is appropriate that deepwater oil and gas drilling resume, provided that operators certify compliance with all existing rules and requirements, including those that recently went into effect, and demonstrate the availability of adequate blowout containment resources. Secretary Salazar reached his decision after reviewing a report from […]

  • Russia: SCF Group Expands Fleet to Support Sakhalin-1 and Sakhalin-2 Projects

    10 February 2011
    Business & Finance

    SCF Group acquires six Aframax shuttle-tankers from OAO Primorsk Shipping Company (PRISCO Corporation) and expands its participation in servicing the Sakhalin-1 and Sakhalin-2 projects. Of the six crude-oil shuttle-tankers, Captain Kostichev, Viktor Titov, Zaliv Aniva, Sakhalin Island and Governor Farkhutdinov are already engaged in servicing major offshore energy projects, under long-term time charters, for the […]

  • Upstream spending set for 15-year low as it falls from lower mountain to deeper valley, Rystad says

    12 June 2020
    Business & Finance, Business Developments & Projects, Exploration & Production

    Global spending is now forecasted to reach $383 billion this year, the lowest level in 15 years and a staggering 29 per cent decrease of $156 billion compared to 2019, according to Rystad.

  • UK oil & gas operators expect further 17 pct headcount reduction, survey says

    19 May 2016

    Three in four North Sea oil & gas contractors are less confident about their prospects than they were a year ago, according to a new industry report released on Thursday. 75 per cent of contractors surveyed said they were less confident in their prospects on the UK Continental Shelf (UKCS) compared to just seven per cent […]

  • HYSY 981 completes first part of drilling in disputed waters near Vietnam

    27 May 2014

    China Oilfield Services Limited, the operator of the HYSY 981 rig currently deployed in the South China Sea, has completed the first stage of drilling in the area.

  • WIND FARM OPTIMALISATION: Accurate wind measurement for optimal wind farm design

    23 March 2015

    In the design phase of an offshore wind farm, met data will be one of the influencing factors that play a part in the choice of WTG. The meteorological services that can be involved in the decision at this stage are detailed model data sets of wave and wind conditions to input into Computational Fluid […]

  • BP’s profit cut in half but $13.8 billion still cinched in 2023

    6 February 2024
    Business & Finance, Business Developments & Projects, Exploration & Production, Transition

    Despite a 50% fall in profit on a year-over-year basis, BP still reported a solid overall operational and financial performance during 2023.

  • Record Revenues for Cameron

    30 January 2014
    Equipment

    Oilfield equipment maker Cameron today reported record quarterly and yearly revenues. Orders booked in the fourth quarter of 2013 totaled $3.3 billion Cameron reported earnings per share for the fourth quarter of 2013 of$1.00, excluding charges. This compares to earnings per share for the fourth quarter of 2012 of $0.95, excluding charges. After-tax charges for the fourth quarter […]

  • USA: MBARI Engineer Works on Wave Energy Production System

    14 May 2012
    Business & Finance, Equipment, Research & Development

    MBARI engineer Andy Hamilton looks out his office window in Moss Landing and points at the waves crashing on the beach below. “Pretty impressive, aren’t they? You’d think there’d be a way to make use of all that energy.” Since 2009, Hamilton has led a team of engineers trying to do just that. Their goal […]

  • KBC Acquires UK-Based FEESA Ltd

    22 July 2014
    Business & Finance

    KBC Advanced Technologies plc has purchased FEESA Ltd (“FEESA”), a leading UK-based provider of specialised software and services to the upstream oil and gas industry, for an enterprise value of £10 million plus one million KBC shares, totalling £11.2 million. The acquisition of FEESA marks the next step in KBC’s growth strategy to expand into […]

  • AWE Sells Share in BassGas Project (Australia)

    28 January 2014
    Business & Finance

    AWE Limited has agreed to sell an 11.25%interest in T/L1 (BassGas infrastructure & Yolla field) and a 9.75% interest in T/18P (Trefoil field)  in Australia to Prize Petroleum Company Limited, a subsidiary of Hindustan Petroleum Corporation Limited, for a total cash consideration of AUD85 million. AWE will receive AUD80 million upon completion of the sale […]

  • China Natural Gas Posts Q1 2011 Results

    10 May 2011

      China Natural Gas, Inc., a leading provider of compressed natural gas (CNG) for vehicular fuel and pipeline natural gas for industrial, commercial and residential use in Xi’an, China, today announced its financial results for the first quarter ended March 31, 2011. Qinan Ji, Chairman and CEO of China Natural Gas, Inc. commented: “During the […]

  • Global potential for offshore wind

    29 May 2020
    Business & Finance, Market Outlooks

    In February, Wood Mackenzie sent out a press release stating that the global offshore wind demand will increase nearly six fold over the next ten years. With such huge global potential, We spoke to newly founded World Forum on their outlook. By the end of 2017, offshore wind had only been deployed commercially across seven […]

  • Future looks more positive for UK oilfield services sector, report says

    7 February 2018

    The fall in oil price continued to impact the UK oilfield services (OFS) sector in 2016 with turnover falling by 15.5% but the future looks more positive as pressure from external factors ease, according to EY’s Review of the UK Oilfield services industry.

  • Ports remain devoted to sustainability investments despite COVID-19

    15 October 2020
    Business Developments & Projects, Environment, Infrastructure, Ports & Logistics

    The coronavirus crisis has not hindered ports’ investments in environmental sustainability, a new survey found.

  • Fresh gas discovery and appraisal activity put potential tie-back to North Sea platform on the table

    12 December 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Neptune Energy has revealed a new gas discovery at an offshore prospect and confirmed the volumes for an appraisal well in the North Sea. 

  • Scotland: Marine Scientists Take Part in Ocean Currents Monitoring Projects

    11 October 2013

    Marine scientists in Scotland are part of an international team working on a newly funded multi-million pound project to monitor crucial ocean currents that shape Britain’s climate. The £20 million project will focus on the North Atlantic, in particular the North Atlantic Subpolar Gyre—a system of ocean currents in the high latitude, deep-water basins of […]

  • Maersk Drilling to convert ‘Maersk Intrepid’ to hybrid rig

    8 May 2019
    Equipment, Exploration & Production

    Danish offshore driller Maersk Drilling has made plans to launch what it says will be the first hybrid, low-emission, offshore drilling rig.