10000 results found for 'otc 2014'

10000 results found for 'otc 2014'
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  • 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 […]

  • 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 […]

  • 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.

  • 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.

  • 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 […]

  • 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.

  • UK: BP Reaches a Definite Turning Point, CEO Says

    25 October 2011
    Business & Finance

    As BP announced its financial results for the third quarter of 2011 group chief executive Bob Dudley today set out more details on BP’s future direction and strategic priorities, saying the company had reached a clear turning point. Progress made through 2011 in reshaping and focussing the company is creating a stronger and safer BP, […]

  • 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 […]

  • 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. […]

  • DONG to Pump GBP 6 Billion into Humber Area by 2019

    18 November 2015
    Business & Finance, Operations & Maintenance, Research & Development, Storage, Technology

    Denmark-based offshore wind power developer DONG Energy plans to invest GBP 6 billion in the Humber region over the period of 2013 – 2019, according to a new report released during the UK’s first Offshore Wind Week. The report titled Impact of DONG Energy Investments in the Humber Area  shows that over the period 2015 – 2020, DONG […]

  • 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 […]

  • The Netherlands: Boskalis 2012 Net Profit Slightly Declines

    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 […]

  • 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 […]

  • Singapore: PPL Shipyard Bags $ 417 Mln Order for Two Jack-Ups

    18 March 2013

    Sembcorp Marine’s subsidiary PPL Shipyard has secured orders for two turnkey contracts with a combined value of US$417 million for the construction of two units of jack-up rigs from repeat customer Integradora de Servicios Petroleros Oro Negro, S.A.P.I. de C.V (Oro Negro).  Scheduled for delivery at the end of the fourth quarter of 2014 and […]

  • Sembcorp Receives Order for Two Jack-Up Rigs (Singapore)

    18 March 2013

    Sembcorp Marine’s subsidiary PPL Shipyard has secured orders for two turnkey contracts with a combined value of US$417 million for the construction of two units of jack-up rigs from repeat customer Integradora de Servicios Petroleros Oro Negro, S.A.P.I. de C.V (“Oro Negro”). Scheduled for delivery at the end of the fourth quarter of 2014 and […]

  • Oman Shipping Company Confirms Order for LNG Carrier from HHI

    20 March 2012
    Business & Finance

      Oman Shipping Company S.A.O.C. (OSC), on March 19th, confirmed an order for a newbuild LNG Carrier, at Hyundai Heavy Industries Co., Ltd. (HHI), Ulsan, South Korea. The LNG Carrier, for delivery in 2014, will have a 162,000 cubic meter (CBM) capacity, and have dual fuel technology. Further the vessel will comply with European “Green […]

  • Frontline, Frontline 2012 Merger Cleared

    30 November 2015
    Business & Finance

    The merger transactions between Frontline and Frontline 2012 have been approved today at the special general meeting of the shareholders of the respective companies. The merger will see Frontline as the surviving legal entity and Frontline 2012 becoming a wholly-owned subsidiary of Frontline, creating the second biggest tanker shipping company. The closing of the merger is expected to take […]

  • Bassoe: Market waiting for the offshore rig recovery, but what will it look like when it gets here?

    15 May 2017
    Exploration & Production

    The word “recovery” dominates most discussions about the offshore oil and gas industry these days – and has done so for over two years. But what does recovery actually mean?   By David Carter Shinn There seems to be little doubt that a recovery in the rig market will happen one day, and from the […]

  • OECS Starts Hydrographic Scoping Study

    6 June 2014
    Business & Finance, Research & Development

    Member states of the Organisation of Eastern Caribbean States (OECS) have started a Hydrographic Scoping Study aimed at assessing maritime/marine spatial data that exists in the countries. One of the major outcomes will be a report on the status of hydrography and navigational charting in each member state. The OECS Commission’s Oceans Governance Unit is […]

  • Indonesian Port’s Expansion to Double Its Current Quantity of Intermodal Shipping

    9 March 2012

      North Jakarta’s Tanjung Priok port should be able to handle nearly double its current quantity of intermodal shipping containers when a Rp 17 trillion ($1.9 billion) revamp is completed by 2017, says Richard J. Lino, the president of state port operator Pelindo II. Once the project is completed, it may further reduce the number […]

  • Bahri in Clover

    23 October 2015
    Business & Finance

    The National Shipping Company of Saudi Arabia (Bahri) saw its net income rise to SAR 510.3 million (USD 136 million) in the third quarter of 2015 from SAR 84.8 million reported in the same period last year. The company’s gross profit reached SAR 611.2 million, a major increase when compared to the corresponding period from […]

  • 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 […]

  • Stampede platform in place. Production in 1H 2018

    3 August 2017

    U.S. oil firm Hess has installed the giant Stampede platform to its location in the U.S. Gulf of Mexico in preparation for the first oil in 2018. Discovered in 2005, Stampede is located 115 miles south of Fourchon, La., in the Gulf of Mexico. The field has total estimated recoverable resources in excess of 300 million […]

  • TGS optimistic about long-term prospects. Boosts 4Q profit

    8 February 2018

    At some stage oil companies need to increase exploration efforts in order to meet the continued growth in demand

  • Iberdrola Starts Engineering Phase of EUR 1.6 Billion Wikinger Offshore Windfarm in Germany

    13 June 2012

    IBERDROLA has announced it is commencing the detailed engineering phase of Wikinger, the company’s first offshore windfarm in Germany, with a view at starting operations on the €1.6billon project by 2016. UK based engineers, project managers and technicians from IBERDROLA’s Offshore Business Division, based in Glasgow and London will have a crucial role in the […]