10000 results found for 'culzean'

10000 results found for 'culzean'
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  • UK: Maersk Approves Investment for Golden Eagle Development Plan

    17 June 2011
    Business & Finance

    Maersk Oil, a fully-owned subsidiary of the A. P. Moller – Maersk Group, has approved its investment of $1 billion in the Field Development Plan for the Golden Eagle Area in the UK North Sea. Maersk Oil has a non-operated interest in the fields of 31.56% and its estimated share of reserves is expected to […]

  • Hercules Offshore to file for bankruptcy again. Prepares sale of assets

    27 May 2016
    Exploration & Production

    Hercules Offshore, a struggling drilling contractor which recently emerged from bankruptcy, has reached a restructuring deal with lenders and said it would start the sale of its assets. The company today said that it has entered into a Restructuring Support Agreement (“RSA”) with lenders holding approximately 99 percent of the indebtedness under its first lien […]

  • Maersk Oil 2Q results hit by Brazilian assets impairments

    19 August 2014

    Denmark’s Maersk Oil made a loss of USD 1.4 billion in the second quarter of 2014 versus $249 million profit achieved in the same period of 2013.

  • ELIRE Infra and partners secure UK funding for hydrogen floating power hubs to decarbonize ports

    8 September 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Collaboration, Infrastructure, Outlook & Strategy, Ports & Logistics, Project & Tenders, Regulation & Policy, Research & Development, Transition

    ELIRE Infra, part of the UK’s ELIRE Group, and its consortium partners have secured £1 million (around €1.152 million) in UK Government funding to develop hydrogen floating power hubs aimed at decarbonizing port operations and supporting the UK’s transition to net zero.

  • Panama Canal ready to start rewarding low-carbon ships

    26 September 2025
    Authorities & Government, Business Developments & Projects, Infrastructure, Regulation & Policy, Vessels

    The Panama Canal is launching NetZero Slot, an initiative designed to incentivize Neopanamax vessels powered by clean fuels.

  • Stargate Hydrogen partners with Saudi Arabia’s RDIA to boost hydrogen innovation

    12 September 2025
    Authorities & Government, Business Developments & Projects, Collaboration, Exploration & Production, Innovation, Outlook & Strategy, Regulation & Policy, Research & Development, Technology

    Stargate Hydrogen, an Estonia-based deep-tech and green hydrogen technologies manufacturer, has signed a memorandum of understanding (MoU) with the Research, Development, and Innovation Authority (RDIA) of Saudi Arabia to boost hydrogen innovation.

  • Maersk Drilling’s new jack-up rig named in Scotland

    18 August 2016

    Maersk Drilling has named its latest drilling rig at a ceremony held Wednesday at Invergordon, Scotland. The company recently bought the newbuild rig for a discount price, and lady Sponsor Gretchen H. Watkins, COO at Maersk Oil, has named Maersk Drilling’s newest asset – Maersk Highlander – which is now ready for the job. Maersk Highlander […]

  • Total awards North Sea supply deal to 80:20

    24 May 2021
    Business & Finance, Business Developments & Projects, Project & Tenders

    A unit of international logistics company Peterson has won a contract from French oil major Total for the supply of general consumables and ad-hoc material supply.

  • BP makes two oil and gas discoveries in UK North Sea

    31 January 2018

    British oil major BP on Wednesday announced two new exploration discoveries in the North Sea.

  • Interview: Maersk Supply growing in Aberdeen despite expected company sale

    5 April 2018

    Offshore support vessel operator Maersk Supply Service has seen its Aberdeen team grow in the past two years and is working at becoming more than just a vessel supplier.

  • Maersk Oil produces first oil from Flyndre field

    27 March 2017
    Project & Tenders

    Danish oil company Maersk Oil has started production from the Flyndre field in the UK and Norwegian North Sea. Maersk reported on Monday that the first oil began to flow at 20:00 hrs on Sunday, March 26 travelling 25 km via pipeline to the Repsol Sinopec-operated Clyde platform. Production from the Flyndre field is expected […]

  • Total awards maintenance and support gig in UK to Aberdeen newcomer

    31 January 2020
    Business & Finance

    Total UK has awarded a general maintenance and operations support contract to PBS, a recently formed Aberdeen-based consortium.

  • US startup pens $160M deal for deployment of hybrid-electric tugboats

    11 September 2025
    Business Developments & Projects, Collaboration, Ports & Logistics, Vessels

    Los Angeles-headquartered electric boat manufacturing startup Arc has inked a $160 million contract with compatriot marine company Curtin Maritime for eight hybrid-electric ship assist tugboats. As disclosed, the tug octet—part of a privately funded project—is set to be constructed in collaboration with the Snow & Co shipyard. The units, which will reportedly see the “largest commercial […]

  • UK: Maersk Approves USD 1 Billion Investment for Golden Eagle Development Plan

    17 June 2011
    Business & Finance

    Maersk Oil, a fully-owned subsidiary of the A. P. Moller – Maersk Group, has approved its investment of $1 billion in the Field Development Plan for the Golden Eagle Area in the UK North Sea. Maersk Oil has a non-operated interest in the fields of 31.56% and its estimated share of reserves is expected to […]

  • Higher oil and gas output lifts Total profit

    7 February 2019
    Business & Finance

    French oil and gas company Total booked an increase in the fourth quarter 2018 profit driven by higher oil and gas production and increase in prices.  The oil company said on Thursday it had recorded an 11% increase in net income for 4Q 2018 which amounted to $1.13 billion, compared to the profit of $1.02 […]

  • Maersk Oil to slash global workforce numbers by up to 12 percent

    26 October 2015

    Maersk Oil, a Danish oil and gas company, has announced its intention to implement workforce reductions amounting to 10-12% of roles across its business. The move, part of the company’s drive to reduce operating costs by 20% by the end of 2016, follows an extensive internal review of business activities and continued low oil prices, […]

  • Eco Wave Power switches on first US wave energy pilot at LA Port

    9 September 2025
    Business Developments & Projects, Collaboration, Outlook & Strategy, Ports & Logistics, Project & Tenders, Vision

    Wave energy developer Eco Wave Power has inaugurated the first U.S. onshore wave energy pilot station at the Port of Los Angeles, marking the operational debut of its technology in the country. According to Eco Wave Power, seven blue steel floats, installed at AltaSea’s ocean institute on a section of breakwater once used for oil […]

  • Sembcorp Marine swings to loss

    20 July 2018
    Business & Finance

    Singapore’s rig builder Sembcorp Marine posted a loss for the second quarter of 2018 despite recording a significant increase in revenues during the period.  The company on Friday posted a net loss of $55.6 million for the second quarter of the year compared to a profit of $5.1 million in the same period a year […]

  • Shipyard presses Hercules to take delivery of newbuild jack-up

    3 May 2016
    Exploration & Production

    Offshore driller Hercules Offshore, which in November last year emerged from Chapter 11 bankruptcy, has been given a deadline by Sembcorp Marine’s Jurong Shipyard in Singapore to take delivery and pay for the jack-up rig the shipyard is building for Hercules.  The newbuild jack-up rig Hercules Highlander is scheduled to work on Maersk Oil’s Culzean field in […]

  • Floatel bags Martin Linge extension with Equinor

    16 April 2019
    Business & Finance, Exploration & Production

    Offshore accommodation rig operator Floatel International has been awarded a contract extension for its Floatel Superior by Equinor. 

  • Navios and HJSC shake hands on methanol-ready boxship quartet order

    17 September 2025
    Business Developments & Projects, Vessels

    Greece-headquartered dry cargo vessel owner and operator Navios Maritime Partners has placed an order for a quartet of methanol-ready container vessels at a shipyard based in South Korea. According to Greek shipbroker Intermodal, the four units, which will boast a capacity of 8,850 TEUs, are to be constructed by HJ Shipbuilding & Construction (HJSC). Navios […]

  • No strike on TotalEnergies’ UK platforms as trade union works out pay deal

    23 June 2025
    Business Developments & Projects, Human Capital, Regulation & Policy

    Offshore workers employed on two North Sea platforms operated by the UK subsidiary of French oil and gas giant TotalEnergies have backed a new pay deal negotiated by the UK’s trade union Unite.

  • ABB, Blykalla team up on nuclear power technology for maritime industry

    10 September 2025
    Business Developments & Projects, Collaboration, Outlook & Strategy, Technology

    Switzerland-based technology company ABB has signed a memorandum of understanding (MoU) with Swedish nuclear energy company Blykalla to support and accelerate the deployment of small modular lead-cooled reactors to the maritime industry.

  • Amogy and KBR join forces on ammonia-to-hydrogen solutions

    17 September 2025
    Business Developments & Projects, Collaboration, Outlook & Strategy, Project & Tenders, Research & Development, Technology

    U.S.-based provider of ammonia-to-power solutions Amogy and compatriot science, technology, and engineering company KBR have signed a memorandum of understanding (MoU) to advance ammonia-to-hydrogen solutions.

  • NEO Energy gains access to key North Sea hubs after closing ExxonMobil deal

    9 December 2021
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    HitecVision-backed NEO Energy has finally completed the acquisition of ExxonMobil’s non-operated oil and gas assets in the North Sea.