1959 results found for 'cygnus'

1959 results found for 'cygnus'
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  • Kokarakis: Switching to alternative fuels is the key to CII compliance

    5 April 2023
    Collaboration, Green Marine, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition, Vessels

    The most effective way of complying with the CII index and having a good rating is to utilize the emerging alternative, low and zero-carbon fuels, John Kokarakis, Vice President of Technology & Business Development Hellenic-BS-ME Zone at Bureau Veritas, said. Kokarakis was speaking at the 6th Annual Capital Link Cyprus Shipping Forum on Fostering Environmental […]

  • IMI champions $1.2 billion Global Maritime Fund, builds partnerships and know-how for full operations

    30 September 2022
    Business & Finance, Collaboration, Green Marine

    International Maritime Industries (IMI), the largest shipyard in the MENA region, has launched Global Maritime Fund (GMF), which aims to provide up to 100% financing for ships and rigs built at IMI’s yard in Ras Al Khair, Saudi Arabia. The independent fund, managed by Pelagic Partners, wants to become the world’s largest maritime fund, providing […]

  • Bergen Group disposes of rig-service yard in Norway

    13 April 2015
    Business & Finance, Exploration & Production

    Bergen Group has decided to divest the company’s rig-service activity at Hanøytangen. The total transaction price is set to NOK 245 million ($30.2 million). Sale agreements have been concluded with Semco Maritime AS for the operational activity and with Hellik Teigen AS for the real estate. The well-established industrial area at Hanøytangen outside Bergen has […]

  • Northern Lights, Yara seal binding CO2 transport and storage deal

    20 November 2023
    Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Green Marine, Infrastructure, Outlook & Strategy, Transition

    Norwegian-based ammonia player Yara International has signed a binding commercial agreement with Northern Lights, a CO2 transport and storage supplying JV created by energy majors Shell, Equinor, and TotalEnergies, which is expected to pave the way for the world’s first cross-border transportation and storage of CO2. The signing of the binding contract comes on the back of […]

  • Rystad: 2022 high-impact oil & gas drilling activity on track to yield ‘one of the most productive annual volumes’

    18 August 2022
    Business & Finance, Business Developments & Projects, Exploration & Production, Market Outlooks, Outlook & Strategy, Project & Tenders

    Rystad: Drilling success rate is set to rebound this year with the potential to result in one of the highest hydrocarbon volumes total on record.

  • Drop in recoverable oil resources could deal major blow to energy security, Rystad says

    6 July 2022
    Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Market Outlooks, Outlook & Strategy, Transition

    The drop in the total recoverable oil worldwide from last year’s figures represents another threat to global energy security, explains Rystad.

  • Vattenfall Shines More Light on Hollandse Kust Zuid 1 & 2 Win

    3 May 2018
    Business & Finance

    The industry has been waiting for Vattenfall to give out more information on its Hollandse Kust Zuid 1 & 2 zero-subsidy bid after the company won the Dutch tender in March, especially since Ørsted – world’s leading offshore wind developer and one of the first to have unsubsidised projects in the pipeline – decided to pass on bidding to build the offshore wind farm. 

  • After missiles hit Black Sea platforms, reports indicate fire still burning

    23 June 2022
    Environment, Exploration & Production, Safety

    Following an alleged missile strike on three platforms in the Black Sea, satellite images indicate the fire is still burning at the site.

  • UK’s Cairn Buys Norway’s Agora Oil & Gas

    3 April 2012
    Business & Finance

    Cairn announces the acquisition of Agora Oil & Gas AS (Agora) subject to regulatory approval, a private Norwegian company with non-operated, exploration, appraisal and development assets in the United Kingdom (UK) and Norwegian North Sea. The enterprise value of the proposed acquisition of Agora as at 1 January 2012 was $375 million (m), including $58m […]

  • Vattenfall Shines More Light on Hollandse Kust Zuid 1 & 2 Win

    3 May 2018
    Business & Finance

    The industry has been waiting for Vattenfall to give out more information on its Hollandse Kust Zuid 1 & 2 zero-subsidy bid after the company won the Dutch tender in March, especially since Ørsted – world’s leading offshore wind developer and one of the first to have unsubsidised projects in the pipeline – decided to pass on bidding to build the offshore wind farm. 

  • CCS awards flurry of AIPs at Marintec for homegrown ammonia/methanol engines, and ship designs

    7 December 2023
    Business Developments & Projects, Carbon Capture Usage & Storage, Certification & Classification, Equipment, Green Marine, Outlook & Strategy, Regulation & Policy, Transition, Vessels

    China Classification Society (CCS) has awarded dozens of Approvals in Principle (AIP) at this year’s China International Maritime Exhibition (Marintec China). The exhibition is one of the most authoritative B2B platforms for the international maritime industry and it has seen numerous business deals, shipbuilding orders, and new ship designs revealed and approved so far. CCS […]

  • South America to stay ‘key region for high-impact exploration’, Westwood says in 2023 outlook

    12 January 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Market Outlooks, Outlook & Strategy, Project & Tenders

    High-impact well numbers in 2023 are expected to be in line with 2020-2022, with 75-85 high-impact wells currently anticipated to complete this year, energy market research and consultancy firm Westwood reports, explaining that this is due to higher oil prices not having fed through into more exploration. South America is set to continue to be […]

  • Global Ports Acquires NCC Group

    30 December 2013
    Business & Finance

    Global Ports Investments PLC announced that the Group has recently completed the acquisition of 100% of the share capital of NCC Group Limited (together with its subsidiaries, NCC Group), in a transaction which was announced on 2 September 2013. The acquisition of NCC Group, the second largest container terminals operator in Russia1, strengthens Global Ports […]

  • Sri Lanka: Colombo Dockyard Secures Construction Contracts for Two Passenger-Cargo Vessels

    1 September 2011

    Colombo Dockyard PLC riding a wave of success has outbid stiff competition from China, Thailand and Germany and has secured the contracts for the construction of two numbers 400 Passenger cum 250 Ton Cargo Vessels for the Administration of Union Territory of Lakshadweep, India. The contracts were signed on 27th August 2011 at Kochi between […]

  • Projections of peak oil, gas, and coal demand before 2030 deemed ‘extremely risky and impractical’

    15 September 2023
    Business & Finance, Business Developments & Projects, Market Outlooks, Outlook & Strategy, Project & Tenders, Transition

    OPEC, a permanent intergovernmental organisation of 13 oil-exporting developing nations that coordinates and unifies the petroleum policies of its members, is convinced that the recent assertions about the fossil fuels – coal, oil, and gas – demand peaking before 2030 are not supported by “consistent and data-based forecasts.”

  • Nam Cheong 2Q Net Profit Up 83 Pct (Malaysia)

    13 August 2013
    Business & Finance

    Nam Cheong Limited , one of Malaysia’s largest Offshore Support Vessel builders, reported strong results performance with an 83% surge in net profit to RM41.1 million for the three months ended June 30, 2013 (“2Q 2013”), from RM22.5 million in the corresponding period last year (“2Q 2012”). Robust vessel sales boosted a revenue growth of 84% to RM275.3 […]

  • Norway: Aker Drilling to Increase Operations in Growth Markets

    20 January 2011
    Business & Finance

    Aker Drilling intensifies its operations in strong growth markets, enters into Letter of Intent for the building of two drillships with options for additional two ships, aims to secure new capital and applies for listing on Oslo Stock Exchange – with Aker as minority shareholder in an independent drilling company with an offensive strategy. – […]

  • Sri Lanka: Colombo Dockyard Secures Construction Contracts for Two Passenger-Cargo Vessels

    1 September 2011
    Business & Finance

      Colombo Dockyard PLC riding a wave of success has outbid stiff competition from China, Thailand and Germany and has secured the contracts for the construction of two numbers 400 Passenger cum 250 Ton Cargo Vessels for the Administration of Union Territory of Lakshadweep, India. The contracts were signed on 27th August 2011 at Kochi […]

  • Gazprom Launches Bovanenkovo Gas Field, Russia

    25 October 2012

    The Bovanenkovo oil and gas condensate field hosted celebrations dedicated to launching commercial gas production in the new large gas-bearing region – the Yamal Peninsula. First startup complexes of the Bovanenkovo field and the Bovanenkovo – Ukhta gas trunkline systems are commissioned. The celebrations were attended by Alexey Miller, Chairman of the Gazprom Management Committee, […]

  • New IMO projects to aid green energy transition in ports of developing nations

    11 November 2024
    Infrastructure, Ports & Logistics, Transition

    The International Maritime Organization (IMO) has shared details of four pilot projects aimed at assisting developing countries in reducing their greenhouse gas (GHG) emissions. As informed, the projects were selected under the IMO CARES Global Technology Challenge. The initiatives are said to cover renewable energy production in ports and port call data sharing for “just-in-time” […]

  • Castor and Pollux: Mythical twins with a split personality

    17 March 2014

    In Greek and Roman mythology, the twin brothers Castor and Pollux were worshipped as the gods who helped shipwrecked sailors and who brought favourable winds to those who made sacrifices to them. Now, they are the namesakes of the latest pair of ships delivered by Shipyard Kooiman. The ship type of Castor and Pollux is […]

  • MCA Plays Important Role in UK’s Offshore Wind Industry

    26 April 2011

    Quietly operating in the background, the Maritime and Coastguard Agency (MCA) plays an important role in the UK’s offshore wind industry. As an executive agency of the UK government’s Department for Transport, it is involved in the consents process and safety of navigation, and as HM Coastguard in liaison for search and rescue. In addition, […]

  • Westwood: Appetite for finding oil not diminishing despite energy transition talks

    10 January 2020

    The energy transition and extinction rebellion led the energy news agenda and discussions in company boardrooms in 2019, but the impact on exploration drilling is not yet apparent, according to market research provider Westwood Global Energy Group.

  • Subsea in July

    3 August 2016
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    Subsea World News has gathered all the highlights to bring you a summarized version of the most popular articles from the previous month. Industry majors made the news again last month with new contract awards, including Saipem’s field development project for the Zohr gas field, located off the Egyptian coast in the Mediterranean sea. The project is part […]

  • SEALNG COO: no alternative fuel can match LNG

    20 February 2019

    As 2020 looms, there is growing consensus that LNG is the best solution for today and into the future towards 2050, as there are no alternative solutions that can match LNG’s emissions profile and scalability.