10000 results found for 'otc 2014'

10000 results found for 'otc 2014'
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  • Nordic American Offshore Completes USD 250 Million Private Placement

    28 November 2013
    Business & Finance

    In a press release November 1 2013, the investor market was informed that NAT was coordinating the establishment of Nordic American Offshore Ltd. (“NAO”). NAO, an offshore supply ship company, has now been established and NAT is its largest shareholder (26%) with an investment of $65 mill. NAO has agreed to buy six platform supply […]

  • Last of Six PSVs from Ulstein Delivered to NAO (USA)

    15 January 2014
    Business & Finance

    NAO yesterday took delivery of the last of the six recently built Platform Supply Vessels (PSVs) from the Ulstein Group of Norway, Nordic American Tankers (NAT) announced. NAO is fully operational. NAT is the sponsor of NAO, owning 26% of the share capital in NAO. A subsidiary of NAT is the manager of NAO.  The PSV […]

  • Significant Investment Drives BOE to Industry Forefront

    10 May 2013
    Business & Finance, Equipment

    Balmoral Offshore Engineering (BOE) says a dynamic bend stiffener on its OTC stand represents significant investment that has driven the company to the forefront of the industry for these deceivingly complex products. Bend stiffeners are used globally to support flexible pipes and umbilicals at rigid topside or seabed connections. Balmoral’s OTC display sample was cut […]

  • Oman Shipping Receives Two VLCCs and LNG Carrier

    24 January 2012

    Oman Shipping Company (OSC) has received two new Very Large Crude Carriers (VLCC), namely Habroot and the Liquefied Oil Gas Carrier Hiski Gas. With this acquisition, the number of carriers commercially operated and owned by OSC have increased to 33, Times of Oman reports. OSC received Habroot, the 10th crude oil carrier during the ceremony […]

  • Qatar Petroleum buys into Eni’s offshore block in Mozambique

    11 March 2019
    Business & Finance

    Qatar Petroleum has signed a deal to farm into Eni’s Block A5A in the Angoche basin offshore Mozambique. Qatari state-owned oil and gas company will acquire a 25 percent interest.

  • GE Oil & Gas Wins Two 2014 Spotlight Awards

    8 May 2014
    Equipment

    GE Oil & Gas has been honored with two 2014 Spotlight on New Technology Awards for its innovative SeaLytics™ BOP (Blowout Preventer) Advisor and GFI™ Ground Fault Immune Electric Submersible Pump (ESP) Monitoring System products. In keeping with the criteria for winning technologies, GE’s technologies offer broad appeal for the industry, provide significant benefits beyond […]

  • 2H Offshore to Demonstrate New Abaqus SCR at OTC

    2 May 2014
    Business & Finance, Equipment, Research & Development

    2H Offshore has developed a new FEA modeling method that uses solid elements in Abaqus to simulate the global riser response, which will be presented at OTC on Monday, 5th May. The research shows the behavior of the touch down zone of a 10-inch production SCR hung-off a semisubmersible in deepwater Gulf of Mexico. In […]

  • IBERDROLA Completes Geotechnical Studies for Wikinger OWF in Germany

    13 May 2013
    Business & Finance, Operations & Maintenance

    Key geotechnical feasibility studies on the site of Wikinger offshore wind farm have been successfully concluded, with a total cost of €20 million. The studies comprised a full geological survey of the seabed in an area of some 34 square kilometres. Also, stratigraphic samples of sedimentary and metamorphic rocks were drilled out and seismic surveys […]

  • FoundOcean Sets Sights on Mexico Following PEMEX Registration

    20 May 2014
    Business & Finance, Project & Tenders

    Following a very successful OTC, FoundOcean has announced that it has been awarded approved supplier status for offshore grouting services in the Mexican region by state-owned petroleum company, PEMEX. FoundOcean will provide a full range of offshore services from subsea foundation installation works, to inspection, repair and maintenance solutions. “This approval is very important to […]

  • Germany: Iberdrola Completes Geotechnical Studies for Wikinger OWF

    13 May 2013

    Key geotechnical feasibility studies on the site of Wikinger offshore wind farm have been successfully concluded, with a total cost of €20 million. The studies comprised a full geological survey of the seabed in an area of some 34 square kilometres. Also, stratigraphic samples of sedimentary and metamorphic rocks were drilled out and seismic surveys […]

  • High Turnout of Norwegian Companies at OTC in Houston

    7 May 2014
    Business & Finance

    Approximately 100 000 people are attending the Offshore Technology Conference (OTC) in Houston this week. Included are 80 Norwegian companies. “USA is an increasingly important area of growth, and we see the importance of being present,” comments Ulstein’s CEO, Gunvor Ulstein. Several Ulstein designed vessels are working in the Gulf of Mexico with Galveston as […]

  • Samsung Bags Two LNG Carriers from GasLog

    9 May 2014
    Business & Finance

    GasLog Ltd. has ordered two new 174,000 cubic meter LNG carriers from Samsung Heavy Industries Co., Ltd. in South Korea. The vessels are expected to be delivered in 2017 and are sister vessels to the four ordered in 2013 for delivery in 2016. The vessels have been ordered with the proven tri-fuel diesel electric (TFDE) […]

  • Mediterranean Oil & Gas Plc sells gas Repower Italia

    18 March 2014
    Business & Finance

    Mediterranean Oil & Gas Plc has announced that its subsidiary Medoilgas Italia SpA has signed a ‘take and pay’ gas sales contract with Repower Italia SpA relating to the Company’s entire net gas production from the Guendalina gas field and all of its onshore Italy gas fields for a further period of one year from […]

  • EU on Track to Meet 2020 Renewable Energy Goals

    16 June 2015
    Authorities & Government

    The European Commission has published the progress report on 2020 renewable energy targets, showing that the EU is on track to meet its 20% renewable energy targets. With a projected share of 15.3% of renewable energy in 2014 in the gross final energy consumption, the EU and the vast majority of Member States are advancing […]

  • EnerMech Announces Investments in US and Mexico Businesses

    7 May 2013
    Business & Finance, Operations & Maintenance

    Mechanical engineering group EnerMech announced at OTC in Houston that it has invested more than £13 million ($20.2m) as it steps up its drive to cement its presence in the US and Mexico. A recent move to a new 50,000 sq ft workshop, office and storage facility near to Houston’s Energy Corridor has been followed […]

  • Pursuit of appeal for arbitration ruling regarding two canceled drillships hits a wall

    2 April 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Regulation & Policy, Rules & Regulation

    Northern Drilling is contemplating its next steps after its attempts to appeal the court’s arbitration ruling related to canceled orders for two drillships with a South Korean shipbuilder came to naught.

  • Woodside names Westfarmers’ CEO as chairman-elect

    21 February 2017

    Australian LNG player Woodside said that Richard Goyder will take the position of the company’s chairman once the current chairman Michael Chaney steps down in April 2018.

  • GasLog Orders LNG Duo from SHI

    9 May 2014
    Project & Tenders, Vessels

    GasLog said that it has ordered two new 174,000 cubic meter LNG carriers from Samsung Heavy Industries (SHI) in South Korea. The vessels are expected to be delivered in 2017 and are sister vessels to the four ordered in 2013 for delivery in 2016. The vessels have been ordered with the tri-fuel diesel electric (TFDE) […]

  • BOEM extends comment period for 2017-2022 OCS O&G Leasing Program

    31 July 2014
    Business & Finance, Project & Tenders

    The Bureau of Ocean Energy Management (BOEM) has announced that it is extending the public comment period for the Request for Information (RFI) and Comments on the Preparation of the 2017-2022 Leasing Program. The RFI was released in mid-June as the initial step in the multi-year offshore oil and gas planning process. This extension of […]

  • Cromarty Firth Port Authority Introduces Expansion Plans (UK)

    30 May 2013
    Business & Finance

    Cromarty Firth Port Authority are showcasing their port expansion plans this week at the 2013 All Energy exhibition in Aberdeen. The £20million expansion is now “shovel ready” and will see the Port expand by 9 acres and includes the creation of a deep water quay capable of handling vessels up to 160 m in length. […]

  • Deloitte to replace EY as BP’s external auditor

    15 November 2016

    Oil major BP will propose that global consulting agency Deloitte be appointed as the company’s auditor for the financial year 2018 to its shareholders at BP’s 2018 Annual General Meeting. BP said on Tuesday that this decision was taken following a competitive audit tender. In BP’s 2013 annual report, the BP Audit Committee announced its […]

  • Huisman to Launch ‘Rope Luffing Knuckle Boom Crane’ at OTC

    24 April 2014
    Business & Finance, Equipment, Research & Development

    In order to provide reliable solutions for subsea installation in increasingly deeper water and offshore construction in severe weather conditions, Huisman, the worldwide specialist in lifting, drilling, and subsea solutions, introduces a new patented crane type during this year’s OTC: the ‘Rope Luffing Knuckle Boom Crane’. These new active heave compensated (AHC) cranes provide unparalleled […]

  • Norway Expects Slight Increase in Oil, Gas Production in 2014

    15 January 2014

    A record number of fields are in operation on the Norwegian shelf. Discoveries in 2013 offset roughly half of what was produced in the same year, the Norwegian Petroleum Directorate said in a statement on Tuesday. An unprecedented number of wildcat wells were drilled, and the number of exploration wells recorded was the second highest […]

  • Oil and gas industry entering new offshore investment cycle, Rystad says

    14 January 2020

    A strong 2019 provided telltale signs that the industry was entering a new offshore investment cycle, stated Espen Erlingsen, head of upstream research at Rystad Energy.

  • Australia On Track to Become World’s Largest LNG Exporter

    14 August 2019
    Business & Finance

    Australia already exported more LNG than Qatar in November 2018 and April 2019.