5789 results found for 'matuku'

5789 results found for 'matuku'
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  • Chevron buys offshore permit near Gorgon field

    20 February 2017
    Equipment

    Chevron has acquired the right to explore for oil and gas in a new permit near its giant Gorgon gas field, offshore Western Australia. According to the Australian government, the company has paid $3 million for a cash bid to secure exploration rights there. Minister for Resources and Northern Australia Senator Matt Canavan said this was […]

  • Several oil majors set to bid for Brazilian acreage in October

    10 September 2015

    Thirty-seven companies have so far qualified to take part in Brazil’s 13th licensing round to be held in October this year. Among the companies given the green light, there are 22 international oil firms and 15 Brazilian ones. According to the ANP, Brazil’s oil and gas regulator, the companies taking part come from seventeen different […]

  • Shell confirms job cuts in Norway

    3 April 2017

    Oil giant Shell has confirmed it will be making job cuts in Norway as workload on projects reduces. Following last week’s reports by the Norwegian oil workers’ union Safe that Shell would be laying off both permanent workers and contractors, due to completion of projects at Draugen and Nyanma, this has been confirmed by a […]

  • UK: EnQuest Sanctions Alma, Galia Fields Development

    29 November 2011
    Business & Finance

    EnQuest has sanctioned the development of the Alma and Galia fields, subject to anticipated regulatory approvals. This $850 million project will add a fourth hub to EnQuest’s existing operating base, will increase EnQuest’s net 2P oil reserves by 29 MMboe and is expected to increase EnQuest’s production levels to over 40,000 Boepd in 2014. EnQuest […]

  • Investment promised for UK fields

    8 July 2008

    After agreeing the deal with Shell and ExxonMobil to buy UK Northern North Sea assets Abu Dhabi’s Taqa has pledged to invest in the fields and to prolong their production life. Taqa Bratani sighed the sale and purchase agreement yesterday with Shell and Exxon Mobil to acquire the Tern, Eider, Cormorant North and South and […]

  • European Commission – New Maritime Agenda for Growth and Jobs Adopted

    9 October 2012

      A European agenda for creating growth and jobs in the marine and maritime sectors was adopted yesterday by European Ministers for maritime policy and the European Commission, represented by President Jose Manuel Barroso and Commissioner Maria Damanaki at a conference in Limassol organised by the Cypriot Presidency. Five years after the launch of the […]

  • Tritec Marine tweaks OE Buoy design

    16 February 2018
    Research & Development, Technology

    Scotland-based Tritec Marine had carried out an engineering analysis of Ocean Energy’s OE Buoy that will be deployed off Hawaii later this year, with the design of the wave energy device now optimizied for the deployment and operation.

  • DNV GL issues new service specifications for tidal turbines and arrays

    2 November 2015
    Research & Development, Technology

    DNV GL has issued new service specification certification of tidal turbines and arrays, along with a new technical standard for tidal turbines. The new service specification DNVGL-SE-0163 Certification is built on the foundation of DNV-OSS-312 Certification of Tidal and Wave Energy Converters and the GL Guideline for the Certification of Ocean Energy Converters. DNV GL […]

  • German Consortium Sets Out to Develop Auxiliary Fuel-Cell System

    12 August 2019

    Developers expect the system to reduce 99 % of NOx and 25 % of CO2 emissions.

  • Latvian Shipping Company Sinks Deeper on Fleet Value Decline

    24 February 2017
    Business & Finance

    Nasdaq Riga-listed tanker owner and operator Latvian Shipping Company (LSC) realised a net loss of USD 25.18 million in 2016, compared to USD 7.22 million net loss reported in 2015, attributed to ”the steady erosion in the value of the LSC’s fleet throughout the last year.” The value of the company’s fleet declined by 24.13 million […]

  • MISC Berhad debuts on DJSI Emerging Markets Index

    23 November 2021
    Certification & Classification, Environment, Outlook & Strategy, Regulation & Policy

    Maritime services provider MISC Berhad has been listed as a constituent of the Dow Jones Sustainability Indices (DJSI) under the Emerging Markets category.

  • Seaspan inks $200 million sustainability-linked loan

    16 October 2020
    Business & Finance, Transition

    Hong Kong-based containership operator Seaspan Corporation has closed a $200 million sustainability-linked loan inspired by the Poseidon Principles framework. The voluntary framework developed by the banking sector aims to accelerate the implementation of the shipping sector’s green agenda in line with the International Maritime Organization’s (IMO) 2050 decarbonization targets. The $200 million term loan has a […]

  • Ampelmann to provide two gangways to Shell

    19 August 2020
    Business & Finance, Business Developments & Projects, Technology

    Dutch offshore access provider Ampelmann has signed a three-year contract with a subsidiary of oil major Shell for work in Asia Pacific.

  • BP Gets Nod for Vorlich Development in North Sea

    27 September 2018
    Operations & Maintenance, Research & Development

    BP has received UK government approval to proceed with the Vorlich development in the central North Sea, targeting 30 million barrels of oil equivalent and expected to produce 20,000 barrels gross a day at peak. The £200 million project is part of a programme of North Sea subsea tie-backs that will deliver new production from […]

  • Oceanteam Strikes Deal with Bond Holders

    11 January 2017
    Business & Finance, Operations & Maintenance

    Norwegian-Dutch offshore service provider, Oceanteam, said it has reached an understanding with its bond holders on the main terms of the bond loan. Namely, the company has been in constructive talks with its banks and its bond holders since its financial restructuring announcement in October 2016. “We expect to need another few weeks to finalize […]

  • Hall Contracting Ready for Tokelau Project

    17 May 2018
    Business & Finance

    Hall Contracting was contracted recently by the Government of Tokelau to upgrade reef passages and construct four new wharves in the remote island nation of Tokelau. The works – which will see Tokelauan locals benefit from safer and more reliable ship-to-shore operations – are expected to begin this month and conclude in November 2019. Hall […]

  • Ardyne Enters P&A Market, Acquires Wellbore

    8 February 2016
    Business & Finance, Equipment, Operations & Maintenance

    New oilfield services company Ardyne has been launched with £50 million backing from O&G-focused private equity company, Lime Rock Partners. Aberdeen-based, Ardyne will specialize in the provision of downhole products and services for plug and abandonment (P&A) and slot recovery operations in the oil and gas sector. In addition, Ardyne has acquired Wellbore AS, a […]

  • CGG Starts Re-Imaging of Cornerstone Multi-Client Dataset

    4 September 2013
    Business & Finance, Operations & Maintenance

    CGG announced that it has started the re-imaging of its entire Cornerstone multi-client dataset to create a 35,000-km2 contiguous broadband PSDM volume, covering the Central North Sea. The existing conventional north-south long-offset data will be reprocessed with a deghosting technique to produce an extended-bandwidth dataset as a complement to the growing BroadSeisTM true broadband east-west […]

  • Atlantis Launches GBP 7 Million Bond

    6 August 2019
    Business & Finance

    SIMEC Atlantis Energy has, through Abundance Investment, launched a proposed five-year bond offer maturing 2024. The bond offer seeks to raise a maximum of £7 million, and is expected to close on or before October 31, 2019, with the extension option by up to three months at the company’s discretion. Subject to completion of the […]

  • CGG to Offer Central North Sea PSDM Data

    4 September 2013
    Business & Finance

    CGG announced today that it has started the re-imaging of its entire Cornerstone multi-client dataset to create a 35,000-km2 contiguous broadband PSDM volume, covering the Central North Sea. The existing conventional north-south long-offset data will be reprocessed with a deghosting technique to produce an extended-bandwidth dataset as a complement to the growing BroadSeisTM true broadband […]

  • NPD: Norwegian Sea Could Store 5.5 Gigatonnes of CO2

    28 January 2013
    Business & Finance, Research & Development

    The Norwegian Sea may be able to store 5.5 gigatonnes of carbon dioxide, according to the NPD’s new storage atlas. This is more than 100 times Norway’s total CO2 discharge last year. The mapping is a follow-up on the atlas from 2011 for the Norwegian part of the North Sea, which was estimated to be […]

  • NAT Experiences Strongest Year Ever

    8 February 2016
    Business & Finance

    In the fourth quarter of 2015 Nordic American Tankers (NAT) profited from a strong tanker market which pushed the company’s operating cash flow by 16 percent. Due to a cash breakeven rate below USD 12,000 per day per ship and a growing NAT Suezmax fleet, the fourth quarter operating cash flow was at USD 57.2 million, compared to USD 24.5 million a year […]

  • Baltic Trading Limited Secures USD 148 Mln Loan

    8 January 2015
    Business & Finance

    Marshall Islands drybulk company Baltic Trading Limited has entered into a new credit agreement with Nordea Bank Finland plc and Skandinaviska Enskilda Banken AB for a USD 148 million senior secured credit facility. The new five-year credit facility is comprised of a USD 115 million revolving credit facility and a USD 33 million term loan facility. The USD 115 million revolving […]

  • BG Group to Fund Australia and Brazil Projects with Fresh Money

    19 June 2012
    Business & Finance

    BG Group today issued hybrid bonds totalling US$1.57 billion, another step in the execution of its approved funding plan to support the company’s investment programme. The bonds, which comprise tranches of £600 million and €500 million, mature in 2072. The bonds are long-dated, subordinated securities which are treated partially as equity by credit rating agencies, […]

  • Maersk Line Revamping Its Asia-North Europe Trade

    30 May 2016
    Business & Finance

    Danish container shipping company Maersk Line is making improvements to its network between Asia and North Europe, the world’s largest trade lane, by deploying its large container vessels across its five Asia – North Europe services in the network. The company said that it has drawn on experience from the first year of operations of the 2M alliance when adjusting […]