5737 results found for 'matuku'

5737 results found for 'matuku'
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  • Statoil proves Krafla area

    9 February 2015
    Exploration & Production, Project & Tenders

    Operator Statoil has together with PL035 partners completed a two-well programme in the Krafla area in the North Sea. Since 2011 significant new recoverable resources have been proven in the area, Statoil said in the press release. According to the Norwegian Petroleum Directorate (NPD), the 30/11-8 S discovery was proven in the summer of 2011 […]

  • Moody’s Gives B2 to Teekay’s Add-On Notes

    10 November 2015
    Business & Finance

    Moody’s Investors Service assigned a B2 rating to the USD 200 million add-on to Teekay Corporation’s (Teekay) existing 8.5% senior unsecured notes due 15 January 2020. The add-on notes are being issued under a supplement to the indenture of the 8.5% Notes and have the same terms, conditions and maturity date. Teekay intends to use […]

  • Malaysia: Minister Pushes for Penang Port Dredging

    17 September 2012

    “The current seabed depth of 11 metres at the Penang Port is not deep enough and it should be increased to 15 metres,” stated Chief Minister Lim Guan Eng. A deeper channel will allow bigger ships to enter the port and have access to the upgraded RM680 million wharf. “This is what the state has […]

  • Petrolia Buys Stake in Statoil’s PL 628

    13 March 2013
    Business & Finance

    Petrolia Norway AS, a 100% subsidiary of Petrolia SE, has entered into an agreement with Statoil Petroleum AS to purchase 10% in PL 628 and an agreement granting Statoil Petroleum AS an option on 10% in PL 506. PL506 will be drilled in March 2013 and will be spudded shortly. The Statoil-operated PL628, located in […]

  • Douglas-Westwood Forecasts USD 335 bln Spending in Offshore O&M Sector

    25 April 2012

    The 2nd edition of the World Offshore Operations & Maintenance Market Forecast, by Douglas-Westwood (DW) forecasts over $335 billion worth of expenditure from 2012-2016 on offshore oil & gas operations & maintenance (O&M). With O&M markets considerably less vulnerable to economic downturn than their capital-led counterparts DW predict growth of 8% per annum during the […]

  • DRDC Acquires Iver3 AUV

    10 February 2016

    OceanServer Technology has received an order for an Iver3-580 EP system from Canada Public Works and Government Services for delivery to the Defence Research and Development Canada (DRDC). The Iver3 AUV will be used to augment existing autonomous systems and provide a platform to continue R&D in underwater research at DRDC Atlantic. DRDC will have access to Iver’s mature hardware […]

  • Rystad Energy: Oil and gas majors could raise over $27 billion in global selling spree

    18 November 2019

    The global oil and gas supermajors are looking to sell assets that could bring in a total of $27.5 billion, according to energy intelligence firm Rystad Energy.

  • Norway: Sevan Marine Secures Short-term Financing

    20 July 2011
    Business & Finance, Project & Tenders

    Reference is made to the press release issued by Sevan Marine ASA (the “Company”) on 11 July 2011. The Company announces that it has entered into a USD 36.1 million bond loan agreement with Norsk Tillitsmann ASA (“Norsk Tillitsmann”) acting on behalf of a group of holders of the Company’s existing bonds. The loan will […]

  • Gas uptick for Shell’s North Sea development project

    15 April 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    Shell has disclosed better porosity and permeability than previously assumed for its natural gas discovery in the North Sea, which is situated on the UK Continental Shelf (UKCS). This led the firm’s partner, Deltic Energy, to reveal a boost in recoverable gas volumes from the project.

  • Nido Gets More Time to Complete Seismic Survey Offshore Philippines

    22 June 2012
    Business & Finance

    Nido Petroleum Limited, as Operator of Service Contract 54 offshore Phillipines, announces that the Philippines Department  of Energy (‘DOE’) have agreed to extend Sub-phase 6 for a period of twelve (12) months from 4 August 2012 to 4 August 2013. The twelve (12) month extension to Sub-Phase 6 will enable Nido to complete the ongoing […]

  • Total of France to raise $1.2 billion

    25 November 2015

    French energy giant Total is raising approximately $1.2 billion of new debt financing. The new debt financing will be raised through a “structure combining the issue of non-dilutive cash-settled convertible bonds with the purchase of cash-settled call options to hedge Total’s exposure to the exercise of the conversion rights under the bonds,” Total said on […]

  • Hoegh LNG raises USD 130 million via bond issue

    29 May 2015

    Höegh LNG of Norway has completed the issuance of a USD 130 million senior unsecured bond in the Nordic bond market with maturity date expected to be 5 June 2020. The bond issue will be swapped from floating to fixed interest rate. The bond issue was oversubscribed, Höegh LNG said on Thursday. The net proceeds from […]

  • Sapura Energy CFO to step down after five years

    22 September 2021
    Business & Finance, Business Developments & Projects

    A CFO at Malaysian oilfield services provider Sapura Energy will step down from his position after more than five years in the role.

  • Costamare wraps up refinancing efforts with $140 million worth of loans

    24 June 2020
    Business & Finance

    Athens-based owner and provider of containerships for charter Costamare has concluded its refinancing program launched at the beginning of this year, securing a total of over $435 million in new loans since January. The conclusion of the refinancing efforts has been marked with the execution of the latest two loans worth a total of $140 […]

  • Norway: Energy Ministry Puts 51 Licences Up for Grabs

    15 January 2013

    The award of new licences is vital for effective, long-term resource management, says Minister of Petroleum and Energy Ola Borten Moe.

  • Maersk eyeing Chissonga sale?

    10 September 2014
    Equipment

    Danish oil company Maersk oil is looking to farm-out a portion of its Chissonga discovery, offshore Angola.

  • Pacific Drilling signs up for $500 M loan

    31 October 2014
    Business & Finance, Project & Tenders

    Pacific Drilling S.A. has signed a revolving credit facility with an aggregate principal amount of up to $500 million. Prior to delivery of the Pacific Zonda drillship, up to $350 million is available under the $500 million revolving credit facility. The remaining $150 million will become available following the delivery of the Pacific Zonda upon […]

  • Wood Group PSN gets more time to decide on marginal fields initiative

    11 March 2014
    Business & Finance, Equipment

    Enegi and ABTechnology, the owners of ABT Oil & Gas, have agreed to extend the option agreement with Wood Group PSN (‘WGPSN’) until 31 March 2014. The option agreement allows WGPSN the possibility to expand its participation in the development of the marginal field initiative, initiated by Enegi and ABT. Alan Minty, CEO of Enegi, said: “The […]

  • Norway: TAQA Strengthens North Sea Footprint

    16 September 2010
    Business & Finance

    The Abu Dhabi National Energy Company PJSC (TAQA), a publicly listed company on the Abu Dhabi Securities Exchange (ADX: TAQA), today announced its wholly owned subsidiary, TAQA Bratani Limited  has signed a Sale and Purchase Agreement relating to TOTAL’s entire equity stake of 81% in production licences for two blocks (P.226 Block 210/15a and P.1021 […]

  • Malaysia Marine and Heavy Engineering Receives Industry Excellence Award 2010

    28 March 2011

      Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) was awarded the Industry Excellence Award 2010 by the Ministry of International Trade & Industry (MITI) on 24 March 2011. MMHE received the Export Excellence Award – Services category from the Minister of International Trade and Industry Malaysia, Dato’ Seri Mustapa Mohamed. Accepting on behalf of […]

  • Innogy to Refinance Four OWFs with Its First Green Bond

    13 October 2017
    Business & Finance

    On 12 October, innogy issued its first Green Bond worth EUR 850 million and will use the proceeds to refinance four offshore wind farms in the UK and Germany and one onshore wind farm in the Netherlands.

  • Industry majors to tackle safety issues linked to the use of ammonia as fuel

    20 April 2021
    Collaboration, Environment, Regulation & Policy, Research & Development, Rules & Regulation, Safety, Transition

    Industry heavyweights Lloyd’s Register’s Decarbonization Hub, Maersk, MAN Energy Solutions, Mitsubishi Heavy Industries, NYK Line, Total and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping are embarking on a new project with the aim of providing guidelines on the safe use of ammonia as a fuel for shipping. Ammonia as a fuel has emerged […]

  • Rystad: Indonesia’s oil & gas production to fall short of expectations for 2020

    21 February 2020

    Despite Indonesia’s official projections of an eight percent growth year-on-year, production of both oil and gas will most likely fall in 2020, according to energy intelligence firm Rystad Energy.

  • KPMG: New strategy needed for North Sea decommissioning activity

    11 August 2015

    Oil and gas operators will have to approach the challenge of decommissioning in new ways if the goal of maximising economic recovery from the UKCS is to be achieved, according to a report from professional services firm KPMG. In its Decommissioning Strategy: A New Imperative for E&P Firms report KPMG states that adopting a more […]

  • UK: OGA opens up frontiers in 31st Offshore Licensing Round

    10 July 2018

    UK’s OGA has launched the 31st Offshore Licensing Round, offering blocks in frontier areas of the UKCS.