5753 results found for 'matuku'

5753 results found for 'matuku'
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  • Norway: Framo Engineering Wins Gullfaks Gas Compression Contract

    12 April 2012
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    Statoil has awarded Framo Engineering a contact for the design and construction of the Gullfaks subsea gas compression plant. Gullfaks may become one of the first installations worldwide to employ subsea gas compression. ”Subsea gas compression represents an important leap forward in the efforts to improve recovery and extend the producing life of several gas […]

  • Westwood: North Sea outlook becoming more positive

    30 May 2017

    Six of the offshore exploration wells that are set to drill in the UK in 2017 have an average pre-drill prospect volume of over 100 million barrels of oil equivalent (mmboe). Does this signal a renaissance for UK exploration or are explorers being overly optimistic when the average commercial discovery size has been only 18 […]

  • Three oil majors ink carbon storage pact in Norway

    2 October 2017

    Three oil majors, Statoil, Shell, and Total, on Monday signed a partnership agreement to mature the development of carbon storage on the Norwegian continental shelf (NCS). The project is part of the Norwegian authorities’ efforts to develop full-scale carbon capture and storage in Norway, Statoil noted on Monday. In June, Gassnova awarded Statoil the contract […]

  • Singapore: Sembcorp Bags USD 560 mln Rig Order from Seadrill

    3 April 2012
    Business & Finance

    Sembcorp Marine’s subsidiary Jurong Shipyard has secured a US$568 million contract to build a harsh-environment ultra-deepwater semi-submersible rig from North Atlantic Drilling Limited, a 74 percent owned subsidiary of Seadrill Limited (“Seadrill”). The new rig will be constructed based on the Moss Maritime CS60 design – an enhancement of the Moss Maritime CS50E MKII harsh-environment […]

  • Ireland: Providence Reports Successful Barryroe Appraisal

    27 February 2012

    Providence Resources P.l.c. provides an operational update on its ongoing well operations in the North Celtic Sea Basin, offshore southern Ireland. The 48/24-10z Barryroe appraisal well is located in c. 100 metre water depth, c. 50 kilometres offshore Ireland in Standard Exploration Licence (SEL) 1/11 in the North Celtic Sea Basin. Providence (80%) operates SEL […]

  • Wood Mackenzie: Asian Oil Companies Need to Strive Towards Internationalisation

    19 April 2012

    The overall production outlook for Asian companies is relatively robust in the near-term but looking towards the longer-term, a continued shift by major Asian companies towards internationalisation and higher-risk resource themes will be crucial to production growth. Norman Valentine, Senior Corporate Analyst for Wood Mackenzie says, “Asian company portfolio value remains heavily inclined towards maturing […]

  • NPD Expects Norwegian Shelf Investments to Rise

    14 January 2011
    Business & Finance

    The activity level on the Norwegian shelf is high, with investments expected to rise in the next few years. In spite of this, NPD sees that more than 50 per cent of the oil remains in the fields. This is a source of concern for the Norwegian Petroleum Directorate (NPD), which is now calling for […]

  • TAG Oil Acquires Offshore Exploration Acreage, Taranaki Basin, New Zealand

    16 December 2010
    Business & Finance

      Canadian listed, New Zealand oil and gas producer TAG Oil Ltd. , announced today that the Company has completed the acquisition of a 20% interest in offshore exploration Permit PEP 52181, which covers a 42,379-acre area in the main Taranaki oil and gas discovery fairway. PEP 52181, operated by a subsidiary of Australian-based Roc […]

  • Daewoo Building Dagny Topsides for $1.1 Bln

    18 February 2013

    Statoil and its partners Total and Det norske have awarded South Korea’s DSME a contract to build the topsides for the Dagny platform, with Aker Solutions as a major sub-contractor. The total contract value is estimated to NOK 6.1 billion (USD 1.1 Billion). Daewoo Shipbuilding & Marine Engineering (DSME) has been assigned to design and […]

  • Statoil: Global Jigsaw Puzzle for Gudrun

    15 November 2012
    Business & Finance

    Norway’s oil giant Statoil today announced that the Gudrun platform deck arrived at Haugesund on Tuesday, after a month-long voyage from Thailand. The platform will now be assembled on land, with building blocks from three continents. Statoil is slated to deliver 2.5 million barrels of oil equivalents per day in 2020. Realising the project portfolio […]

  • Navios Holdings Repaying Loan a Year Early

    2 November 2017
    Business & Finance

    Navios Holdings will fully prepay the loan facility entered into on September 19, 2016, with Navios Maritime Acquisition Corporation with a payment of USD 55.1 million in the fourth quarter of 2017, a year earlier than planned. The prepayment amount will consist of the USD 50.0 million drawn under the loan facility entered into with Navios Holdings and USD 5.1 million of accrued […]

  • Pyxis Tankers Stays in the Red

    11 August 2017
    Business & Finance

    Greece-based product tanker company Pyxis Tankers suffered a net loss of USD 0.8 million in the second quarter of this year, compared to a net income of USD 0.4 million seen in the same period in 2016. However, the company managed to narrow its loss from USD 1.7 million reported in the first quarter of […]

  • Malaysia: Bright Future for Penang Port

    2 August 2012

    According to Bintulu Port official website, the Seaport Terminal Sdn Bhd wants to position Penang Port as a regional port to tap opportunities as far out as India and for that it plans to grow its capacity and invest nearly RM1bil in capital expenditure over the next five years. Over 30 years, the plan is […]

  • UK: Pelamis Choosen for ETI Wave Power Project

    27 February 2013
    Business & Finance, Operations & Maintenance

    Pelamis Wave Power has been awarded a £1.4m project from The Energy Technologies Institute (ETI) to fund development work to enhance the cost-effectiveness of wave energy converter arrays in UK waters. The funding will support the first phase of work this year ahead of a larger demonstration programme if the results prove encouraging. Gregory Barker, […]

  • Statoil swings to profit in 1Q

    27 April 2016

    Norwegian oil giant Statoil returned to profit in the first quarter of 2016 as it managed to partly offset the effects of the low oil price environment with cost cuts and impairment reversals.  Statoil’s net profit for the quarter was $607 million, compared to a $4,578 million loss in the same quarter the year before. The […]

  • Strengthened sanctions against Russia enter into force today

    12 September 2014

    The Council of the European Union on Thursday announced that strengthened EU sanctions against Russia, for its involvement in the Ukraine crisis, will enter into force upon the publication of the legal acts in the EU Official Journal on Friday. They include the following measures: Restrictions on Russia’s access to EU capital markets have been strengthened. […]

  • Pancontinental Announces Completion of Nanaa 3D Seismic Survey Offshore Kenya

    22 March 2012
    Business & Finance, Operations & Maintenance

    Pancontinental Oil & Gas NL announces the completion of the Nanaa 3D seismic survey in area L8 offshore Kenya. The survey is additional to the earlier Mbawa 3D survey. Conducted by operator Apache Corporation on behalf of the L8 Joint Venture, the survey covers approximately 1,400 sq km in the southeast of the L8 area. […]

  • Subsea UK: Industry Growth Demands More Employees

    27 June 2012
    Business & Finance

    The industry body which represents over 250 companies across the UK has revealed that 10,000 jobs could be created in the sector in the next 12 months. Following a survey, Subsea UK has found that almost one fifth of its membership will need over 2,000 people in the next 12 months to cope with the […]

  • Providence Provides Update of its Operations Offshore Ireland

    27 February 2012
    Business & Finance, Operations & Maintenance

    Providence Resources P.l.c., the London (AIM) and Dublin (ESM) quoted oil and gas exploration and production company, provides an operational update on its ongoing well operations in the North Celtic Sea Basin, offshore southern Ireland. The 48/24-10z Barryroe appraisal well is located in c. 100 metre water depth, c. 50 kilometres offshore Ireland in Standard […]

  • Pacific Drilling emerges from bankruptcy

    20 November 2018
    Business & Finance

    Offshore driller Pacific Drilling and certain of its affiliated chapter 11 debtors have emerged from bankruptcy after successfully completing restructuring transactions pursuant to their chapter 11 plan of reorganization. 

  • Hess sinks deeper into the red over Norwegian assets impairments

    25 October 2017
    Business & Finance

    U.S. oil company Hess Corporation saw its net loss deepen during the third quarter of the year due to impairments related to its asset sale in Norway.  The company on Wednesday posted a net loss of $624 million for the third quarter 2017 compared with a net loss of $339 million in the third quarter of […]

  • 100 offshore projects could be sanctioned in 2018, Rystad Energy says

    3 May 2018
    Business & Finance

    A hundred offshore oil and gas projects might be sanctioned in 2018, up from 60 in 2017, and 40 in 2016, Rystad Energy, a Norway based energy intelligence group said on Thursday.

  • BP sells Alaska oilfields to Hilcorp

    23 April 2014
    Business & Finance

    BP today announced that it has agreed to sell interests in four BP-operated oilfields on the North Slope of Alaska to Hilcorp. The sale agreement includes all of BP’s interests in the Endicott and Northstar oilfields and a 50 percent interest in each of the Liberty and the Milne Point fields. The sale also includes […]

  • Nordic Energy identifies 20 prospects in Denmark

    18 February 2014

    20 prospects and leads have now been identified, representing a significant increase from the 8 previously reported

  • Seacat Services Deepens European Offshore Wind Deployment

    5 August 2013
    Business & Finance

    Seacat Services, the class leading offshore wind transfer vessel operator, has successfully completed workboat charters and crew transfer contracts while operating in three European flag states. The milestone marks the first time that a UK charter firm that solely operates DNV-class certified vessels, has under taken work in three different European nations. A feat that […]