Search results for: decreases

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  • 14 March 2014
    Business & Finance

    Ocean Power Technologies, Inc. today announced financial results for its Fiscal 2014 third quarter and the nine months ended January 31, 2014. OPT recently announced that an amended grant agreement related to its planned wave power station project off the coast of Australia was signed with the Australian Renewable Energy Agency (“ARENA”). This amended agreement […]

  • 21 December 2006

    Operator Statoil (OSE:STL, NYSE:STO) and the licensees in the Kvitebjørn field in the North Sea have decided to reduce gas and oil production temporarily to enable sound reservoir management and safe drilling operations for the wells remaining to be drilled.

  • 12 September 2014
    Business & Finance, Operations & Maintenance

    Ocean Power Technologies, Inc.  today announced financial results for its Fiscal 2015 first quarter ended July 31, 2014 (fiscal 2015). The net loss for the three months ended July 31, 2014 was $3.3 million as compared to a net loss of $3.8 million for the three months ended July 31, 2013. David L. Keller, Interim Chief […]

  • 27 September 2013

    BlackRock informed Wärtsilä that it has sold Wärtsilä shares on 25 September and now owns less than one twentieth (1/20) of the company’s votes. Following the transaction BlackRock owns 9,824,523 shares or 4.98% of Wärtsilä’s share capital and total votes. [mappress] LNG World News Staff, September 27, 2013

  • 28 December 2018

    Brazilian giant Petrobas recorded a decrease in its production during November due to maintenance of several assets located offshore Brazil.  Petrobras informed on Thursday, December 27 that in November its total production of oil and gas, including natural gas liquids (NGL), was 2.62 million barrels of oil equivalent per day (boed), 2.52 million boed produced […]

  • 13 February 2013
    Business & Finance

    Kvaerner reported operating revenues of NOK 2 930 million in the fourth quarter 2012. Earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to NOK 119 million, resulting in an EBITDA margin of 4.1 percent. The order backlog amounted to NOK 21 262 million. “The record high order backlog provides a good foundation for the […]

  • 2 March 2015

    The low oil price is expected to dramatically impact O&G activity on the UKCS, said Douglas Westwood in its DW Monday Report. Most notably, the number of wells drilled will decrease – particularly E&A wells. In 2014, drilling campaigns were significantly smaller than forecast – only 14 exploratory wells were drilled from an anticipated 25. This […]

  • 15 January 2010

    The oil production on the Norwegian continental shelf in the fourth quarter of 2009 was stable and increased somewhat from the third quarter. Six new small discoveries were made in the fourth quarter, and nineteen exploration and appraisal wells were completed on the Norwegian continental shelf in the same period.

  • 4 May 2018
    Ports & Logistics

    Liquefied natural gas (LNG) exports from the United States declined during the week ending May 2, the Energy Information Administration said in its weekly natural gas report. Five LNG vessels with a combined capacity of 17.8 billion cubic feet (Bcf) have departed Cheniere Energy’s Sabine Pass plant from April 26 to May 2, according to […]

  • 27 February 2014

    Qatar Navigation (Milaha) posted operating revenues of QR 2.24 billion in 2013 compared with QR 2.29 billion for the same period in 2012, a decrease of 2% year on year. Highlights: Operating Profit of QR 647million vs. QR 562 million for the same period in 2012, an increase of 15% year over year. Net Profit […]

  • 23 December 2010

    BlackRock, Inc. has informed Wärtsilä Corporation that it has sold Wärtsilä shares on 20 December 2010 and now owns less than one twentieth (1/20) of the company’s votes. Following the transaction BlackRock Inc. owns 4,898,350 shares or 4.97% of Wärtsilä’s share capital and total votes. [mappress] Source: Wärtsilä, December 23, 2010;

  • 3 July 2017
    Business & Finance

    The average design efficiency of new bulk carriers, oil tankers and gas carriers was worse in 2016 than in 2015, Transport & Environment cited data from the CE Delft study. Additionally, the study showed that the share of new ships complying with future efficiency standards also decreased in 2016. The design efficiency of containerships and […]

  • 11 December 2015
    Business & Finance

    Ships, including ocean-going vessels, which operate in the areas near the Pearl River Delta, Yangtze River Delta and the Bohai Sea, will be obliged to use fuel containing less than 0.5% sulphur from January 1, 2019, according to the Chinese Ministry of Transportation’s new regulations. Due to the growing recognition of how shipping contributes to […]

  • 23 August 2012

    In the first half of 2012, the global economic downturn and weak international trading activities continued to exert pressure on the shipping industry, which has been struggling since the second half of 2011. The imbalance between supply and demand of the shipping industry further worsened, leading to a reduced overall shipbuilding demand, and new shipbuilding […]

  • 8 August 2016
    Business & Finance

    Bermuda-based tanker owner Nordic American Tankers (NAT) has seen its operating cash flow drop to USD 40.7 million in the second quarter of 2016 from an operating cash flow of USD 54.5 million reported in the same quarter a year earlier. The company said that the second quarter of the year showed “solid results” as NAT’s expanding fleet, trading in the […]

  • 20 April 2012
    Business & Finance, Project & Tenders

    French oil and gas company Total today announced that the two technical solutions to stop the gas leak on well G4 of the Elgin platform are progressing according to plan. As announced, drilling of the G4 relief well (G4-K1) commenced while in parallel experts continued with key tasks in preparation for the well control operation […]

  • 4 May 2011

      Anadarko Petroleum Corporation announced first-quarter 2011 net income attributable to common stockholders of $216 million, or $0.43 per share (diluted). These results include certain items typically excluded by the investment community in published estimates. In total, these items decreased net income by approximately $147 million, or $0.29 per share (diluted) on an after-tax basis. […]

  • 28 August 2013
    Business & Finance

    BOURBON, a company which offers the most demanding oil and gas companies a comprehensive range of surface and subsea marine services for offshore oil and gas fields and wind farms, has announced first half 2013 results. Revenues were up 14.1% vs. first half 2012 as a result of increasing daily rates overall and a high […]

  • 5 September 2011

    The number of successful piracy attacks on ships off the coast of Somalia and the Gulf of Aden has decreased this year leading to fears that… By PAUL REDFERN(TheEastAfrican) [mappress] Source: TheEastAfrican, September 5, 2011;

  • 17 July 2012
    Business & Finance

    In the first half of the year sales of wind turbines decreased, despite the ambitions of Germany and the UK. This makes obvious the struggle which the offshore wind sector and its financial supporters are facing in reaching the respective countries´ goals. As the financial crisis has spread throughout Europe, banks minimized the loans and […]

  • 24 October 2013
    Business & Finance

    FLIR Systems, Inc. today announced financial results for the third quarter ended September 30, 2013. Revenue was $358.1 million, up 8% compared to third quarter 2012 revenue of $332.2 million. Operating income in the third quarter decreased by 14% to $63.5 million and net income decreased 17% to $46.5 million. Third quarter earnings per diluted […]

  • 15 April 2013

    With coastal areas bracing for rising sea levels, new research indicates that cutting emissions of certain pollutants can greatly slow sea level rise this century. Scientists found that reductions in four pollutants that cycle comparatively quickly through the atmosphere could temporarily forestall the rate of sea level rise by roughly 25 to 50 percent. The […]