1942 results found for 'cygnus'

1942 results found for 'cygnus'
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  • TechnipFMC picks up Karish risers

    8 February 2021
    Equipment, Infrastructure, Ports & Logistics, Storage

    TechnipFMC pipelay vessel Deep Blue has recently completed spooling of Energean’s Karish steel catenary risers at its spoolbase in Mobile, Alabama. The Deep Blue is currently transiting to Limassol, Cyprus where it will perform mobilisation of the riser end structures. TechnipFMC won an integrated engineering, procurement, construction and installation (iEPCI) contract for the Karish development […]

  • Vattenfall reports lower Q2 wind figures, announces resignation of CEO

    21 July 2020
    Business & Finance

    Vattenfall’s results for the second quarter of the year show a decrease in net sales and underlying operating profit of its wind business, compered to the same period in 2019. The company posted the Q2 results on 21 July, stating that the decrease is due to lower wind speeds, lower electricity prices and lower availability, […]

  • ExxonMobil, EnQuest hire Stena drillship and semi-sub

    4 December 2019
    Business & Finance

    Offshore drilling contractor Stena Drilling has recently signed drilling contracts for the Stena Don and the Stena DrillMax rigs.

  • Zarubezhneft Days from Spudding Cuban Offshore Well

    15 November 2012

    Songa Offshore, the Cyprus-headquartered owner of offshore drilling rigs, announced that its Songa Mercur rig is not far from spudding its first well offshore Cuba. The company announced in its fleet status report that the rig has set sail from Trinidad to Cuba during the first week of November. Upon arrival to the Caribbean country’s […]

  • Wartsila’s power and propulsion for Axis Offshore’s new rig

    13 February 2014
    Business & Finance, Equipment

    Wärtsilä has signed a repeat integrated solution order with the Cosco (Qidong) Offshore Co. Ltd shipyard covering another DP3 Dynamically Positioned offshore accommodation rig being built for Singapore based Axis Offshore. The Wärtsilä solution includes the main power generation system, the propulsion system, the electric and automation system, and the automation safety system. The vessel, which […]

  • SeaBird Financial Struggle Continues, Revenues Down 88%

    18 August 2017
    Business & Finance, Operations & Maintenance

    Oslo-listed SeaBird has seen red in the quarter ended June, 2017 as revenues fell some 88 percent on continued weak market demand. The seismic data provider for oil and gas companies posted loss of around $11 million or $3.64 per diluted share for the second quarter of 2017, compared to profit of 3 cents per […]

  • Norway: Havyard Group Nets Contract for Subsea Vessel Construction

    10 February 2012
    Business & Finance, Project & Tenders

    Forland Shipping and Havyard Group have agreed on a major new contract for the construction of a subsea vessel. The Herøy-based company Havyard Group AS has secured a new and prestigious subsea contract with a brand new customer. Forland Shipping`s main offices are located just south of Bergen and is a privately owned shipping company […]

  • Songa Offshore: 2Q Profit Drops

    26 August 2013

    Songa Offshore SE, a Cyprus-headquartered drilling contractors has reported operating revenue for the second quarter 2013 of USD 127.4 million.   Net profit for the period was USD 4.5 million, compared to USD 10.6 million in the same period in 2012. Total expenses for the second quarter 2013 were USD 91.3 million. EBITDA for the second quarter […]

  • Deep Sea Supply Plans Significant PSV Fleet Expansion

    15 August 2013

    Deep Sea Supply, a Cyprus-headquartered owner of offshore support vessels, is looking to significantly expand its fleet to meet growing demand. In its quarterly results release, the shipowner revealed it is in talks with PSV Holding Inc, a company affiliated with Hemen Holding, to acquire up to ten newly built platform supply vessels. “Increased activity, both in […]

  • MarCy17: Profitability Is Around the Corner?

    12 October 2017

    Regaining profitability in the freight transportation industry is a tangible target for the very near future, it was concluded during a panel on Market Forecasting on the final day of Maritime Cyprus 2017 conference in Limassol on Wednesday. The prediction has been based on improving fundamental balance between the supply and demand being experienced at […]

  • Ports of Rotterdam and Gothenburg Enter LNG Bunkering Alliance

    10 October 2012

    The largest port in Europe, the Port of Rotterdam, and the largest port in Scandinavia, the Port of Gothenburg, have entered a new alliance. The aim is to speed up the establishment of liquefied natural gas as a maritime fuel. A memorandum of understanding will be signed between the Port of Rotterdam and the Port […]

  • Israel: Delek Revenues Rise

    30 March 2012

    Delek Group said that it revenues in 2011 were NIS 59.2 billion, a 38% increase compared with NIS 42.8 billion in 2010. Net income in 2011 totaled NIS 2.6 billion, a 53% increase compared with net income of NIS 1.7 billion in 2010. Operating profit in 2011 totaled NIS 1.6 billion, a 32% increase compared […]

  • Subsea 7 Aims at Full Ownership of Seaway Heavy Lifting

    17 January 2017
    Business & Finance

    Subsea 7 informed today that it had made an offer to acquire the 50% shareholding in Seaway Heavy Lifting (SHL) currently owned by K&S Baltic Offshore (Cyprus). If the offer is accepted, Subsea 7 would become the sole owner of SHL, since it already holds a 50% interest in the company.

  • AtoB@C Shipping takes delivery of its fourth plug-in hybrid newbuild

    17 September 2024
    Infrastructure, Vessels

    AtoB@C Shipping, a Sweden-based subsidiary of Finnish shipping company ESL Shipping, has taken delivery of Aquamar, its fourth plug-in hybrid newbuilding.

  • Noble Energy Reports 3Q Net Income of $205 Mln. CEO Excited about Future

    24 October 2013
    Business & Finance

    Noble Energy, Inc. announced today third quarter 2013 net income of $205 million, or $0.56 per diluted share, and income from continuing operations of $195 million, or $0.53 per diluted share. Excluding the impact of unrealized commodity derivative losses and certain other items, third quarter 2013 adjusted income from continuing operations(2) was $351 million, or […]

  • Castor Maritime enters the tanker market

    12 February 2021
    Business & Finance, Vessels

    Cyprus-based bulker owner Castor Maritime Inc. has entered into agreements to purchase two 2005 Korean-built Aframax LR2 tankers from an unaffiliated third-party seller for $27.2 million. Both vessels have attached time charter contracts with an unidentified charterer with an estimated remaining term of about one year. Each vessel will provide the company with a minimum gross […]

  • MSC raises the bar with undocking of 24,116 TEU mega boxship

    2 August 2022
    Business Developments & Projects, Vessels

    Ultra-large containership with a capacity of 24,116 TEUs built for Mediterranean Shipping Company (MSC), the world’s largest ocean carrier by operated container vessel capacity, has been undocked at Hudong-Zhonghua’s shipyard in China. The vessel, deemed the world’s largest containership so far, was undocked on 1 August at the shipbuilder’s Changxing Shipbuilding Base. Said to represent […]

  • Standard ETC vessel lands new job estimated at over $30k per day

    8 July 2022
    Business & Finance, Business Developments & Projects, Project & Tenders, Vessels

    S.D. Standard ETC has been awarded a new contract for a platform supply vessel (PSV) with an undisclosed energy firm.

  • Israel Communications Ministry Creates Hedges for Tamares Telecom Undersea Cable

    2 January 2012
    Research & Development

      The hedges were given over the objections of the Communications Ministry legal and economics departments. Ministry of Communications director general Eden Bar-Tal instructed the ministry’s legal and economics departments to create hedges for Tamares Telecom Ltd., which is laying a third undersea cable between Israel and Cyprus, in order to facilitate the company’s entry […]

  • BP in talks to sell Forties pipeline to Ineos

    17 March 2017

    UK oil major BP is in talks with chemicals company Ineos for the sale of its Forties pipeline in the UK sector of the North Sea.  The Forties Pipeline System (FPS) is 100%-owned by BP. It is an integrated oil and gas liquid transportation and processing system with a nominal capacity in excess of one million […]

  • BP to discuss North Sea EOR programme at SPE Aberdeen

    21 April 2014
    Business & Finance

    Euan Duncan, Discipline Lead Reservoir Engineer at BP, will address SPE Aberdeen’s members and the wider public on 23 April, at a presentation covering how EOR works and the opportunities this technology presents when conditions are right. Duncan will discuss the BP North Sea EOR programme and lessons learned from water-alternating gas projects in the […]

  • India: Cochin Shipyard’s Net Profit for 2010-2011 Increases by 13 Times

    5 August 2011

    Cochin Shipyard has increased its turn over by four times from Rs 373 crores in 2005 – 2006 to Rs 1426 crores in 2010 – 11 . During the same period the company’s Profit Before Tax increased by 14 times from Rs 25 crores to Rs 346 crores and the Net Profit by 13 times […]

  • Finland: Wartsila Wins Contract to Supply Integrated Solution for New DSCV

    7 June 2011
    Business & Finance

      Wärtsilä, the marine industry’s leading systems integrator, has been awarded the contract to supply an integrated solution for power generation, power distribution, and propulsion for a new Diving Support & Construction Vessel (DSCV) currently under construction in Singapore. The order has been placed by Keppel Singmarine, the Singapore based builder of the vessel. The […]

  • Waves4Power marks 5 months of powering Norway

    9 November 2017
    Business & Finance, Environment, Operations & Maintenance, Research & Development, Technology

    Waves4Power’s WaveEL wave energy device has reached five months of exporting electricity to the Norwegian power grid from the Runde test site.

  • UK: Centrica Appoints Non-Executive Chairman

    17 October 2013

    Centrica said that Richard Haythornthwaite will be appointed Non-Executive Chairman of the Company with effect from 1 January 2014. Upon appointment, Haythornthwaite will also become a member and chairman of Centrica’s Nominations Committee, and a member of Centrica’s Remuneration Committee.  Haythornthwaite also joined the Board of Centrica as a non-executive director. Haythornthwaite is Chairman of […]