Search results for: november-2016

200726 results

A list of search results

  • 13 April 2017

    Oil production from the U.S. Gulf of Mexico broke an annual record in 2016, and it set to continue to rise in the upcoming two years as new projects go online. According to the U.S. Energy Information Administration the GOM production in 2016 set annual high of 1.6 million barrels per day (b/d), surpassing the […]

  • 2 February 2016
    Business & Finance

    Heavy construction is ongoing in the Chicopit Bay and Helen Cooper Floyd Park area near Mayport Naval Station and the U.S. Army Corps of Engineers, Jacksonville District, is asking the public to use caution in the waterways at Mile Point on the St. Johns River.  Earlier this month, Manson Construction Co. started construction on the […]

  • 28 October 2016
    Business & Finance, Equipment

    AKVA Group has entered into an agreement to purchase 66 percent of the shares in ROV and subsea technology company Sperre. The purchase price for the shares is based on an enterprise value of Sperre on a 100% basis of NOK 126,900,000, with customary adjustments for net debt and deviations from a normalized level of working capital on […]

  • 1 February 2017
    Business & Finance, Equipment, Project & Tenders

    SgurrEnergy, part of Wood Group’s clean energy business, has been awarded the asset management contract for Phase 1a of MeyGen’s tidal energy project for four 1.5MW tidal turbines in the Ness of Quoys located in Caithness, Scotland. After providing ongoing engineering expertise on the same site, the renewable energy consultancy was selected by Atlantis Resources, […]

  • 7 February 2017
    Business & Finance

    The National Shipping Company of Saudi Arabia (Bahri) has taken delivery of Amjad, a 300,000 dwt very large crude carrier (VLCC), from South Korean shipbuilder Hyundai Heavy Industries (HHI).  Amjad was handed over to Bahri at HHI’s Mokpo shipyard in South Jeolla Province, South Korea, on February 7, 2017. With a gross tonnage of 160,000 […]

  • 5 January 2017

    Norwegian offshore vessel owner Farstad Shipping will have to look elsewhere to find a solution for its debt problems after its rescue deal with Siem came to naught.  Farstad Shipping has for a period of time negotiated with its key creditors to obtain a financial restructuring of the Farstad Shipping group supported by Siem Oil Service Invest, […]

  • 31 October 2016
    Exploration & Production

    Norwegian oil company Statoil will suspend the contract for Songa Offshore’s Cat D rig Songa Enabler when the current well on the Snøhvit field in the Barents Sea is completed. According to the rig’s owner, the earliest estimate for completion  of the Barents Sea well is from the end of November 2016, according to the current […]

  • 13 December 2017
    Business & Finance

    Fortescue Metals Group has named the fifth FMG ore carrier, FMG Matilda, at a ceremony in Guangzhou, China.

  • 8 May 2017
    Business & Finance

    Concrete blocks at Avon Beach will be moved as part of beach replenishment works in June 2017, reports the Christchurch Borough Council. The concrete blocks were installed at Avon Beach as temporary flood defenses in November 2016 and will form part of permanent promenade improvement works due to be carried out in Autumn 2017, subject to […]

  • 19 June 2018
    Business & Finance

    MOL is moving into the subsea support vessel business as it decided to buy a stake in AKOFS Offshore AS.

  • 21 September 2016
    Business & Finance

    Australia’s largest stevedore, DP World Australia, has been awarded seven of nine port calls on the A3 consortium’s Asia to Australia service, which links the east coast Australia ports of Brisbane, Sydney and Melbourne with Asia. The additional services from the A3 consortium, which comprises Hong Kong-based container carrier Orient Overseas Container Line (OOCL), Australia’s ANL, and Chinese COSCO Container […]

  • 22 August 2017
    Business & Finance

    Hong Kong-based container carrier Orient Overseas Container Line (OOCL) revealed plans to resume its calls to Wellington, New Zealand, starting from September. The company has decided to return to Wellington after the port underwent structural repairs following the November 2016 Kaikoura earthquake. In the earthquake of a magnitude 7.8, CentrePort Wellington sustained substantial damage to the […]

  • 19 January 2018
    Authorities & Government, Business & Finance, Operations & Maintenance, Research & Development, Technology

    Marine Energy Wales has praised the financial support pledge from the Welsh Government for the Swansea Bay tidal lagoon as a positive step forward for the marine energy industry.

  • 4 January 2017

    US-based energy giant Chevron resumed production at the first liquefaction train of its US$54 billion Gorgon LNG project on Barrow Island in Western Australia.

  • 23 February 2017
    Business & Finance

    2017 will present some headwinds to crude tanker rates due to cuts to OPEC production, rising oil prices, and fleet growth, however, this dip in the current market cycle will be relatively short and shallow according to Teekay Tankers, part of the Teekay Corporation. In addition, lower fleet growth, strong oil demand growth, particularly in […]

  • 3 March 2016
    Business & Finance, Project & Tenders, Storage

    Denmark’s has re-issued a tender for the detailed engineering, procurement, construction and offshore installation of 2 gravity based substructures for the Kriegers Flak wind farm project in the Danish waters of the Baltic Sea. The first tender invitation, issued in January 2016, was cancelled due to ”an error in the prequalification, ” Jens Christian Hygebjerg, Chief Project […]

  • 22 April 2016
    Business & Finance, Exploration & Production

    One of the world’s largest offshore drilling contractors, Transocean, has received new contract awards for one of its semi-sub rigs and two drillships.  According to Transocean’s latest fleet status report, the midwater floater Actinia was awarded a three-year contract offshore India at a dayrate of $101,000 ($111 million estimated contract backlog). The 1989-built semi-sub will […]

  • 5 March 2018

    New E&P player Spirit Energy has passed the offshore safety audit of its project management for the development of the Oda field in the North Sea with flying colors. 

  • 16 March 2018
    Exploration & Production

    Spirit Energy has received consent from the Petroleum Safety Authority (PSA) to use the Maersk Interceptor rig on the Oda field offshore Norway. 

  • 20 April 2017
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    The video shows the capabilities and design tools used in the development of QED Naval’s Subhub tidal foundation structure.

  • 2 October 2017

    The offshore wind giant DONG Energy has changed its name to Ørsted, following the sale of its upstream oil and gas business to INEOS on 29 September and the decision to shift to green energy. While the acronym DONG, which stands for Dansk Olie og Naturgas (Danish Oil and Natural Gas), went in line with the company’s business in the past, the name no longer fits the renewable energy player.