5711 results found for 'matuku'

5711 results found for 'matuku'
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  • In focus: Energy and shipping sectors in symbiosis for net-zero

    23 April 2021
    Business Developments & Projects, Transition

    Offshore Energy continues with its new In focus weekly feature, spotlighting the latest energy transition developments, after our first edition went online on 16 April. Following last week’s news on the U.S. oil giant Chevron’s entrance into the offshore wind market and note that the company has not yet announced its net-zero agenda, its Norwegian […]

  • Kenya: Cove Energy Plc Signs Farm-in Agreement with DEPCO for 5 Offshore Blocks

    28 July 2010
    Business & Finance

    Cove Energy plc  the AIM quoted upstream oil and gas company focused on East Africa, announced that it has concluded a conditional farm in agreement with Dynamic Energy Exploration and Production Corporation (“DEPCO”) to acquire a 15% participating interest in five contiguous deepwater blocks L5, L7, L11A & B and L12 (the “Blocks”) covering an […]

  • Proserv’s CEO: We must stop over-engineering if we want to cut costs

    10 September 2015

    The North Sea has many years of profitable life ahead if the industry urgently adopts more collaborative and efficient business practices, David Lamont, CEO of Proserv, said Wednesday, September 9, at Offshore Europe event in Aberdeen, Scotland. He also said that he didn’t expect the days of $100 oil would be back. He said: “We must embrace […]

  • Dana Gas Q3 Net Profit Up, UAE

    1 November 2012

    Dana Gas PJSC the Middle East’s largest regional private sector natural gas company, announced its financial results for the nine months ended 30 September 2012 with a net profit after tax of AED 491 million, an increase of 37% as compared to AED 359 million for the comparable period in 2011. Revenue from the sale […]

  • OEEC: CCS will employ as many people as oil & gas at its peak

    17 December 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Environment, Equipment, Human Capital, Infrastructure, Innovation, Market Outlooks, Outlook & Strategy, Project & Tenders, Regulation & Policy, Rules & Regulation, Storage, Transition, Vision

    Carbon capture and storage (CCS) is seen as a bridge to help the world wean off carbon fuels. With that in mind, this developing technology is not going to be temporary and is definitely going to happen on a large scale. To reach that as quickly as possible, we need regulations, licensing, a supply chain, […]

  • Energy transition: Will the Netherlands lead the private investment charge?

    20 April 2020
    Authorities & Government, Business & Finance, Rules & Regulation

    Moving from carbon-intensive fossil fuels to more sustainable forms of energy is an area of major focus in the Netherlands as it is across Europe, but investing in energy transition involves navigating complex regulatory systems and bridging crucial knowledge gaps. On 28 November 2019, the European Parliament declared a global climate and environmental emergency. MEPs, […]

  • Interview: To help boost confidence and give clear direction for tidal energy, UK government should set 1GW target for 2035

    25 September 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Equipment, Innovation, Market Outlooks, Outlook & Strategy, Project & Tenders, Regulation & Policy, Research & Development, Technology, Transition, Vision

    Jeremy Smith, CEO of QED Naval and its Welsh subsidiary Mor Energy, talked with Offshore Energy about the funding it received in the latest UK government’s contracts for difference auction, the Subhub tidal energy technology, the issues the sector is facing in the UK and what can be done to accelerate its route to commercial maturity.

  • I.M. Skaugen Reports Q1 2011 Results (Norway)

    18 April 2011

      The I.M. Skaugen Group (IMSK) announced its results for the first quarter of 2011. The pre-tax result was negative USD 4.5 million for the 1Q11 compared to a negative USD 6.2 million for the 4Q10, and a negative USD 4.2 million for the 1Q10. The result of the 1Q11 on an EBITDA basis was […]

  • Tekmar says 2023 pivotal year, despite instability in offshore wind market

    6 March 2024
    Business & Finance, Business Developments & Projects, Outlook & Strategy, Project & Tenders, Transition, Vision

    Tekmar Group has reported improved financial performance for the 2023 financial year with a revenue of £39.9 million, compared to £30.2 million in FY22. Deemed a pivotal year that saw instability in the offshore wind market, Tekmar said it had stabilized the business in 2023. Tekmar saw an adjusted EBITDA loss of £0.3 million, compared […]

  • USA: Fitch Affirms ‘A’ Rating on Florida’s Port Facility Revenues

    23 October 2012

    Fitch Ratings affirms the ‘A’ rating on Broward County, Florida’s outstanding $249 million port facilities senior revenue and refunding bonds. All senior bonds are secured by net revenues from Port Everglades (the port). The Rating Outlook on all senior bonds is Stable. KEY RATING DRIVERS DIVERSIFIED REVENUES, PRIMARILY LOCAL CARGO MARKET: The port benefits from […]

  • Helix Reports Second Quarter 2013 Results

    23 July 2013
    Business & Finance, Operations & Maintenance

    Helix Energy Solutions Group, Inc. reported net income of $27.2 million, or $0.26 per diluted share, for the second quarter of 2013 compared to net income of $44.6 million, or $0.42 per diluted share, for the same period in 2012, and $1.6 million, or $0.02 per diluted share, in the first quarter of 2013. The […]

  • GEA’s Technology for Eco-Friendly Shipping at NEVA 2013

    2 August 2013
    Business & Finance

    On the occasion of NEVA 2013, the International Shipping, Shipbuilding, and Offshore Energy Exhibition, GEA Heat Exchangers, GEA Refrigeration Technologies and GEA Westfalia Separator Group will present solutions for maritime applications. Plate heat exchangers designed for applications on the high seas GEA Heat Exchangers, represented in Russia and CIS by its subsidiary GEA Mashimpeks, will […]

  • Cal Dive Reports Net Loss in Third Quarter (USA)

    2 November 2011
    Business & Finance, Operations & Maintenance

    Cal Dive International, Inc. reported a third quarter 2011 net loss of $5.6 million, or $.06 per diluted share, excluding $28.8 million ($.31 per diluted share) of after-tax non-cash impairment charges related to certain fixed assets recorded as part of the Company’s annual impairment review. Including the impairment charges, the Company reported a third quarter […]

  • DS Research: 9 Pct of Global Terminals Are Semi-Automated

    26 September 2018
    Business & Finance

    DS Research: 56 terminals, representing 9% of the global terminal capacity, are semi-automated.

  • New E&P player to emerge following Talos-Stone merger

    21 November 2017
    Business & Finance

    Boards of Talos Energy and Stone Energy Corporation have approved the combination of the two companies in an all-stock transaction

  • ADNOC’s strategy to spend over $108.9 billion gets state approval

    27 November 2017

    Abu Dhabi’s Supreme Petroleum Council (SPC) on Monday approved ADNOC’s key strategic investments program, according to which the state-owned oil and gas company plans to spend over $108.9 billion over the next five years. The SPC is the highest governing body of the oil and gas industry in Abu Dhabi. The council formulates, approves and […]

  • 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 […]

  • Finland: Bugsier and Wärtsilä Develop New Wind Farm Installation Vessel Concept

    5 August 2013
    Research & Development, Technology

    Reducing costs for offshore wind generated electricity is one of the major challenges in the European energy market. The novelty about the jointly developed concept for reducing costs during installation, from the Bugsier-, Reederei- und Bergungs- GmbH & Co. KG and Wärtsilä is, that the tasks for transport and installation are separated, by which loading […]

  • Are air lubrication systems both sustainable and profitable?

    15 November 2023
    Business & Finance, Business Developments & Projects, Collaboration, Environment, Outlook & Strategy, Regulation & Policy, Technology, Vessels, Vision

    Throwing air lubrication systems into play as both sustainable and profitable ventures.

  • Ocean energy fit for a share of EU Innovation Fund’s €300B call under two topics

    18 November 2022
    Authorities & Government, Business & Finance, Business Developments & Projects, Equipment, Infrastructure, Innovation, Market Outlooks, Outlook & Strategy, Regulation & Policy, Research & Development, Storage, Technology, Transition

    Under the recently opened €3 billion call for innovative next-generation low-carbon technologies as part of EU’s Innovation Fund, ocean energy technologies and projects have been specifically listed as eligible to apply for a share of €1 billion under two call topics.

  • ITF: Svitzer’s termination bid could deepen Australia’s supply chain woes

    31 January 2022
    Human Capital, Market Outlooks, Outlook & Strategy

    A decision by Mærsk’s towage subsidiary, Svitzer, to terminate a collective agreement with its entire Australian workforce could further deepen the country’s supply chain woes, according to the International Transport Workers’ Federation (ITF).

  • “Don’t sell!” – Faroe tells shareholders to wait for better offer

    4 January 2019
    Business & Finance

    Faroe Petroleum, a target of DNO’s hostile takeover bid of 152p a share, has once again urged shareholders not to consider DNO’s ‘opportunistic’ offer, as they’d lose an opportunity to benefit from any potential increase in the offer.

  • Europa Oil & Gas Identifies Two New Prospects in Irish Atlantic Margin

    19 September 2012
    Business & Finance, Operations & Maintenance, Research & Development

    Europa Oil & Gas (Holdings) plc, the AIM listed oil and gas exploration, development and production company focussed on Europe, provides a technical update on its 100% owned Licensing Options (‘LO’), LO 11/07 and LO 11/08, located in the highly prospective South Porcupine Basin, in the Irish Atlantic Margin, covering a total area of approximately […]

  • Empyrean further builds Asian offshore portfolio with Duyung PSC entry

    4 April 2017
    Business & Finance

    Oil and gas company Empyrean Energy has entered into a sale and purchase agreement to conditionally acquire up to a 20 percent shareholding in West Natuna Exploration (WNEL) from Conrad Petroleum. Conrad Petroleum is the owner of WNEL, which holds a 100 percent participating interest in the Duyung Production Sharing Contract offshore Indonesia. Following completion […]

  • Bermuda: Teekay Offshore Cash Flow Increased Significantly in 4Q 2010

    24 February 2011
    Business & Finance

      Teekay Offshore GP L.L.C., the general partner of Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership), today reported the Partnership’s results for the quarter ended December 31, 2010. During the fourth quarter of 2010, the Partnership generated distributable cash flow(1) of $26.9 million, compared to $20.8 million in the quarter ended September 30, […]