10000 results found for 'otc 2014'

10000 results found for 'otc 2014'
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  • Philippines: Otto Energy Completes Galoc Phase II Financing

    21 December 2012
    Business & Finance, Operations & Maintenance

    Otto Energy Ltd , the 33%-owner and operator of the producing Galoc oil field joint venture offshore the Philippines, has provided the following update in relation to the Galoc Phase II development. Execution of Financing Facility Agreement Otto has entered into a binding agreement with BNP Paribas to provide US$37.4 million in project financing for […]

  • Petronas makes FID for second FLNG project

    13 February 2014
    Infrastructure

    PETRONAS has reached the Final Investment Decision (FID) for its second floating liquefied natural gas facility (PFLNG 2) project, located off the coast of Sabah in Malaysia. The FID was approved by the PETRONAS Board on 23 January 2014. Subsequently PETRONAS has issued a letter of award for the Engineering Procurement, Construction, Installation, Commissioning (EPCIC) contract […]

  • Petronas Reaches Final Investment Decision on PFLNG 2 Project (Malaysia)

    13 February 2014
    Business & Finance

    PETRONAS has reached the Final Investment Decision (FID) for its second floating liquefied natural gas facility (PFLNG 2) project, located off the coast of Sabah in Malaysia. The FID was approved by the PETRONAS Board on 23 January 2014. Subsequently PETRONAS has issued a letter of award for the Engineering Procurement, Construction, Installation, Commissioning (EPCIC) […]

  • Dana Gas Records Net Profit Growth in 2012 (UAE)

    4 February 2013
    Business & Finance

    Dana Gas PJSC, the Middle East’s leading regional private sector natural gas company, has announced its preliminary financial results for the year ended 31st December 2012: Dana Gas recorded net profit growth of 20% in 2012, increasing to US$ 165 million (AED 605 million) from US$ 138 million (AED 506 million) in 2011, reflecting higher […]

  • Philippine Maritime Academy to Provide New Courses

    30 January 2012
    Business & Finance

    Able Deck, Able Engine, Security Awareness Training, Security Training for Seafarers with Designated Security Duties, Advanced Training for Oil Tanker Cargo Operations, Basic Training for Oil and Chemical Tanker Cargo Operations and Electro-Technical Officer are among the newly revised courses that will be soon available in the Philippine Maritime Academy. The Maritime Training Council (MTC) […]

  • ASRY Pens Major Maintenance Deal with KOTC

    3 February 2015
    Business & Finance

    Kuwait Oil Tankers Company (KOTC) has inked a deal with Bahrain-based Arab Shipbuilding & Repair Yard Company (ASRY) for dry-docking of record number of 19 tankers over three years. The value of the agreement is approximately USD 33 million, making it the largest of its kind made with shipyards across the Arabian Gulf region. ​ KOTC CEO […]

  • MOG Moves Closer to Ombrina Mare Development (Italy)

    22 February 2013
    Business & Finance

    Mediterranean Oil & Gas Plc noted that the official website of the Italian Ministry of Environment indicates that the EIA Commission, charged by the Ministry to rule on the Ombrina Mare oil and gas field development EIA, has ruled positively in favour of MOG’s submission. This represents a significant step towards the final approval, by […]

  • Research and Markets Announces Addition of “Global Direct Drive Wind Turbines Market” Report (USA)

    17 February 2012

    Research and Markets has announced the addition of the “Global Direct Drive wind turbines Market (2011-2016): Key trends and opportunities, new Installations and product developments and lower-maintenance requirements Will Drive Market Growth” report to their offering. According to a new report published by Transparency Market Research ” Global Direct Drive wind turbines Market (2011-2016): Key […]

  • PetroRio buys Chevron’s stake in Frade field off Brazil

    31 January 2019
    Business & Finance

    Brazilian oil and gas company PetroRio has entered into a share purchase agreement for Chevron’s stake in the Frade field offshore Brazil.

  • Australia: Austal Wins USD 313 Million JHSV 6 and 7 Contract

    1 July 2011
    Business & Finance

    The U.S. Navy has exercised contract options funding the construction of the sixth and seventh Joint High Speed Vessel (JHSV), as part of a ten-vessel program potentially worth over US$1.6 billion. The construction contract for both vessels is valued at approximately US$313 million. Austal Chief Executive Officer, Andrew Bellamy, noted that this contract demonstrates the […]

  • MHI Faces $585 mln Loss Due to Construction Delays

    24 March 2014
    Business & Finance

    Mitsubishi Heavy Industries, Ltd. (MHI) has decided to book an extraordinary loss of approximately $585 million from its cruise ship business in the company’s consolidated financial results for fiscal year (FY) 2013 (ending March 31, 2014). In November 2011 MHI received an order for two large-sized cruise ships for the AIDA Cruises brand. Based on its […]

  • IBERDROLA Begins Process to Install Wikinger Offshore Wind Farm in Germany

    26 August 2011
    Operations & Maintenance

      IBERDROLA has begun the process to install its first offshore wind farm in Germany, the Wikinger, which will be located off the German coast of the Baltic Sea. It will have 400 megawatts (MW) of installed capacity and wind turbines of around 5 MW. The company has begun applying for the permits from Bundesamt […]

  • Tankers Lift Stolt-Nielsen

    1 October 2015
    Business & Finance

    Oslo-listed Stolt-Nielsen Limited reported USD 30.1 million net profit attributable to shareholders for the third quarter ended August 31, compared with a net profit of USD 14.6 million reported in the third quarter of 2014, mostly due to the company’s tanker segment – Stolt Tankers. Stolt reported revenue of USD 500.7 million in the third quarter of […]

  • ESPS Tornado Strengthens Counter Piracy Cooperation with Republic of Korea

    16 January 2014

    On Tuesday 14 January 2014, the commanding officer of Spanish warship, ESPS Tornado, Lieutenant Commander Juan Belizon, welcomed on board Captain Choi Sung-Mok, the commanding Officer of the Republic of Korea Ship (ROKS) Choi Young. The Republic of Korea warship is currently part of the Combined Maritime Forces (CMF), combating piracy off the Horn of […]

  • Germany: Upcoming Conference to Focus on Offshore Wind Capital Expenditure

    17 July 2013
    Business & Finance

    The European offshore wind sector installed 277 turbines, with a capacity of 1045MW in the first half of 2013 according to a report by the European Wind Energy Association.  However, despite this growth the industry has noticed a slowdown in investments in new projects. This slow down can be attributed to the high cost of […]

  • Germany: Upcoming Conference to Focus on Offshore Wind Capital Expenditure

    17 July 2013
    Business & Finance

    The European offshore wind sector installed 277 turbines, with a capacity of 1045MW in the first half of 2013 according to a report by the European Wind Energy Association.  However, despite this growth the industry has noticed a slowdown in investments in new projects. This slow down can be attributed to the high cost of […]

  • Watchdog grills Statoil over risky accommodation camp use

    10 July 2014

    The Petroleum Safety Authority Norway (PSA) has issued Statoil Petroleum AS (Statoil) with an order in connection with the use of an accommodation camp at Melkøya during planned shutdowns at Hammerfest LNG.

  • ADES lifts profit, targets acquisitions

    19 March 2018
    Exploration & Production

    Egypt’s offshore and onshore driller ADES has posted an increase in full-year profit and is targeting acquisition opportunities.

  • Boskalis 2012 Net Profit Slightly Declines (The Netherlands)

    14 March 2013
    Business & Finance

    Royal Boskalis Westminster N.V. (Boskalis) achieved a record revenue of EUR 3.1 billion in 2012 (2011: EUR 2.8 billion). Net profit amounted to EUR 250 million, thus remaining virtually stable compared to 2011 (EUR 254 million). Despite the slight decline in net profit and a substantial increase in the number of outstanding shares as a […]

  • OPEC and Non-OPEC oil production cuts reach new highs in January

    22 February 2018

    OPEC and Non-OPEC countries participating in voluntary production cuts have started off 2018 with record-breaking conformity levels.

  • CPRA Hosts Community Meetings on 2017 Coastal Master Plan

    6 October 2016
    Business & Finance

    As part of the 2017 Coastal Master Plan, the Coastal Protection and Restoration Authority (CPRA) – in partnership with Restore or Retreat and numerous community partners throughout coastal Louisiana – will host a series of six Community Conversations during this month. The main goal of these meetings is to update residents on the master plan and receive valuable […]

  • Russia: Gazprom and LUKOIL Sign Agreement on Gas Supply

    5 March 2011
    Project & Tenders

      Yesterday at the Gazprom headquarters Alexey Miller, Chairman of the Company’s Management Committee and Vagit Alekperov, President of LUKOIL signed an Agreement on Gas Supply from the Bolshekhetskaya Depression and the Northern Caspian Sea. Pursuant to the Agreement, LUKOIL will supply Gazprom with natural gas from the Bolshekhetskaya Depression fields between 2012 and 2016. […]

  • Tankers Lift Stolt-Nielsen

    1 October 2015
    Business & Finance

    Oslo-listed Stolt-Nielsen Limited reported USD 30.1 million net profit attributable to shareholders for the third quarter ended August 31, compared with a net profit of USD 14.6 million reported in the third quarter of 2014, mostly due to the company’s tanker segment – Stolt Tankers. Stolt reported revenue of USD 500.7 million in the third quarter of […]

  • All FOE rigs to be out of action soon?

    25 October 2017
    Business & Finance, Exploration & Production

    Fred. Olsen Energy’s entire offshore rig fleet will be out of action soon once its last working rig comes off contract next month.  The offshore fleet of Fred. Olsen Energy with subsidiaries consists of three ultra-deepwater/deepwater units and four harsh environment mid-water semi-submersible drilling units. According to the company’s 3Q 2017 report on Wednesday, the […]

  • Yang Ming Adds Five More Boxships to the Tally

    11 September 2015
    Business & Finance

    Taiwanese container shipping company Yang Ming Marine Transport has returned to Japanese builder Imabari Shipbuilding with an order for five more 14,000 TEU containerships. The five newbuilds are slated for delivery in 2018 and 2019 and will be chartered out to Japanese liner company Shoei Kisen Kaisha, Ltd. The order is priced at USD 625 million, with Yang […]