5694 results found for 'matuku'

5694 results found for 'matuku'
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  • Svitzer turns to Caterpillar to switch its fleet to methanol

    18 April 2023
    Business Developments & Projects, Collaboration, Green Marine, Outlook & Strategy, Transition, Vessels

    Global towage operator Svitzer, a part of A.P. Moller-Maersk, has signed a Memorandum of Understanding (MOU) with Houston-based Caterpillar Marine to adopt solutions that enable Svitzer to utilize methanol in their fleet. Under the partnership, the duo plans to work on the installation of dual-fuel methanol engines on new tugs as well as conversions of existing […]

  • Econowind bankrolled by NOM, Horizon Flevoland

    11 September 2023
    Business & Finance, Business Developments & Projects, Innovation

    Dutch developer of wind-assisted propulsion systems Econowind revealed that the Investment and Development Agency for the Northern Netherlands NOM and Horizon Flevoland are investing in the company to help it scale up production. With this support, Econowind expects to produce one VentoFoil, a vertical aircraft wing that converts wind into forward thrust of the ship, […]

  • Santos runs out of luck in second Australian well

    19 April 2022
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Santos has failed to find commercial hydrocarbons in the second exploration well in its campaign offshore Australia, the Apus-1.

  • Port of Gothenburg spearheads project on cutting emissions at construction sites

    16 November 2020
    Environment, Infrastructure, Ports & Logistics, Project & Tenders

    The Gothenburg Port Authority wants to cut carbon emissions at the port by promoting the use of greener construction equipment and methods in future construction projects. The port announced plans to include new procurement stipulations for selected contracts in order to cut carbon emissions at the port. The Emission-Free Construction Sites project has been initiated […]

  • RINA OKs 1st MR tanker to exceed IMO 2050 targets using fossil fuels

    17 February 2022
    Business Developments & Projects, Certification & Classification, Environment, Infrastructure, Outlook & Strategy, Regulation & Policy, Vessels

    Classification society RINA has granted approval in principle (AiP) to a hydrogen-powered MR tanker design developed by Swedish designer FKAB Marine Design.

  • Norwegians unveil plan to connect Draugen platform to floating wind farm

    29 October 2021
    Business Developments & Projects, Technology

    Norwegian floating wind technology developer Odfjell Oceanwind, exploration and production (E&P) company OKEA, and utility company TrønderEnergi have signed a Memorandum of Understanding to jointly evaluate the potential of developing a floating offshore wind farm that will be connected to the Draugen platform. The project’s floating wind turbines would provide renewable power to the Draugen […]

  • Slok Shipping Nigeria Orders Four PSVs from Sinopacific

    23 July 2012

    The SINOPACIFIC Shipbuilding Group has signed a newbuilding contract of 4 SPP35 platform supply vessels (PSV) and a Letter of Intention of 2 large SPP50 PSVs with SLOK Nigeria Ltd. The six vessels are scheduled to be delivered by the end of 2014. This marks the first time that independently designed offshore supply vessel (OSV) […]

  • Posidonia 2018: Emergence of New Clusters, Shipping Centres

    8 June 2018
    Business & Finance

    Posidonia: New clusters, shipping centres emerge as trade grows and the control of ships and cargoes shifts eastwards.

  • Norway: Statoil, Aker Solutions Enter USD 1.9 bln Cat B Well Intervention Deal

    17 April 2012
    Business & Finance

    Statoil is awarding Aker Solutions a contract today for hiring of an entirely new type of rig which represents an important technological advance for the industry.  The category B rig will be an important contribution towards increasing recovery from existing fields. Development of technology for increasing the recovery from operating fields is an area of […]

  • Shell: Global Natural Gas Demand to Increase 60% by 2030

    14 November 2012

    Royal Dutch Shell plc  hosted a management day with investors today, focusing on global gas and Asia Pacific Upstream. Outlining Shell’s global gas strategy, CEO Peter Voser said: “Strong growth in gas markets, especially Integrated Gas, is a major opportunity for Shell and our shareholders. Our Integrated Gas earnings have more than trebled in the […]

  • Norway: READ Well Services Divides in Two. Appoints Additional CEO

    23 March 2011
    Business & Finance

    Oil and gas well performance and downhole tool specialist, READ Well Services, has divided its operations in to two sister companies and appointed an additional chief executive officer. READ Expandables Ltd will focus on developing the company’s expandable well integrity and downhole isolation products, with existing CEO Fraser Louden overseeing the rolling out of a […]

  • Lundin sees increase in reserves and contingent resources

    14 January 2019

    Lundin Petroleum has identified an increase in reserves and contingent resources at the end of 2018, mostly due to reserves additions from the Johan Sverdrup and Edvard Grieg as well as from the Alvheim area.

  • Repsol Sinopec’s Buchan Alpha ready for disposal in Shetland

    14 August 2017
    Project & Tenders

    Repsol Sinopec Resources UK has informed that the Buchan Alpha oil production vessel has arrived in Lerwick, Shetland for disposal.   The contract for dismantling and recycling of the Buchan Alpha unit was awarded to Veolia back in June. Veolia is working on the project with its strategic partner in decommissioning, Peterson. Buchan Alpha, a semi-submersible moored floating […]

  • Island Drilling makes restructuring move to survive downturn

    16 March 2017
    Business & Finance, Exploration & Production

    After finding itself in dire straits, the Norwegian offshore drilling contractor Island Drilling ASA has made a decision to take on financial restructuring, which will involve a change from a public to a private company. Island Drilling was formed in 2006 by industry veterans and the well intervention player, Island Offshore, which owns the biggest chunk […]

  • Kosmos Energy to Spend Two Thirds of Capex on Ghana

    3 February 2014
    Business & Finance

    Kosmos Energy Ltd. announced today an oil and gas reserve replacement ratio of 140% supported by increased oil reserves in the Jubilee field. Additionally, the company reported a 2014 capital spending plan of approximately $575 million. 2013 capital spend came in under budget at $425 million primarily related to the deferral of certain development and […]

  • WWF Scotland Director Named Champion at Scottish Renewables’ Awards

    1 December 2014

    WWF Scotland Director Lang Banks has been named 2014 Champion of Renewables at Scottish Renewables’ Green Energy Awards. The environmentalist, described by judges as “an outsider who makes people understand why renewables are so vital”, bagged the coveted trophy at a 1,250-guest ceremony in Edinburgh last night (Nov 27). The awards, now in their 12th […]

  • Germany: NKT EBITDA Up 5 pct

    5 March 2012
    Business & Finance

    NKT’s revenue increased by 1,153 mDKK to 15,604 mDKK – the highest level in the history of NKT. Nilfisk-Advance and Photonics Group realised organic growth in revenue of 8% and 16% respectively, surpassing even the 2010 growth rates,  while NKT Cables exceeded last year’s organic growth in revenue by only 1%. The operational EBITDA for […]

  • Sinotrans Plunges into Red

    14 August 2015
    Business & Finance

    Hong Kong-listed Sinotrans Shipping ended the first half of 2015 with USD 18.3 million net loss, as compared to USD 2.3 million net profit for the same period a year earlier, due to a dip in revenues from operations of the company’s dry bulk and container shipping segments. The company’s overall revenue dropped by 19% to […]

  • As legal challenge for $12.5 billion gas project gets dropped, first LNG cargo on track for 2026

    19 August 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production

    Woodside has struck a deal to ensure a two-year legal challenge, concerning its giant energy project off the coast of Australia will be dismissed.

  • Malaysia bent on transforming deepwater ops through innovation

    16 September 2024
    Business Developments & Projects, Research & Development, Technology

    Malaysia Petroleum Management (MPM), an affiliate of Malaysia’s state-owned energy giant Petronas, has hosted a three-day event to explore deepwater opportunities through innovative solutions.

  • License extension off Cameroon comes while funding talks continue ahead of drilling ops

    8 February 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Regulation & Policy

    Tower Resources has secured a license extension of the first exploration period of a production-sharing contract (PSC) related to an asset offshore Cameroon.

  • Corvus Energy teams up with Toyota on production of hydrogen fuel cell systems

    1 February 2021
    Business Developments & Projects, Collaboration, Research & Development, Technology, Transition

    Energy storage company Corvus Energy is set to start the development and production of sustainable, large scale maritime-certified hydrogen fuel cell systems.

  • Equinor to test floating solar pilot in rough waters of Norway

    14 January 2021
    Business Developments & Projects, Innovation, Outlook & Strategy, Research & Development, Technology

    Norwegian energy major Equinor, in collaboration with Saipem company Moss Maritime, plans to build and test a pilot floating solar plant off Frøya in Norway in the late summer of 2021.

  • ION Reports $0.41 EPS

    2 November 2017
    Business & Finance, Equipment, Operations & Maintenance

    ION Geophysical has reported third quarter 2017 net income of $4.9 million, or $0.41 per diluted share, on revenues of $61.1 million, compared to net income of $1.7 million, or $0.14 per diluted share, on revenues of $78.6 million in third quarter 2016. The company reported Adjusted EBITDA of $27.1 million for third quarter 2017, […]

  • UK’s Subsea Sector to Boost Exports in 2017

    3 February 2017
    Business & Finance

    British subsea companies are expecting to increase overseas activity in the next 12 months, according to a survey conducted by industry body, Subsea UK. Of the 300 member companies surveyed, 27% are predicting increasing exports by 50% or more in 2017. More than half (56%) expect overseas sales to increase between 1% and 49% with […]