10000 results found for 'otc 2014'

10000 results found for 'otc 2014'
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  • 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

  • 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 […]

  • Seacat Services Orders Two 24m Catamarans

    2 February 2015

    Seacat Services, an offshore energy crew transfer vessel operator, has placed an order worth £6 million with local boat builder South Boats IOW for two DNV-GL class-certified next generation 24m catamarans as it looks to bolster its fleet ahead of the next phase of European offshore wind construction. While new construction is set to slow […]

  • POSCO Provides Steel for World’s Largest FPSO

    25 February 2013
    Business & Finance

    POSCO has accelerated in preoccupying the energy steel market that is the future new growth engine. It has successfully won an order for supplying 88,000 tons of 11 types of thick plate steel for FPSO (Floating Production Storage and Offloading), which is one of the world’s largest oil prospecting ships that Daewoo Shipbuilding Marine & […]

  • “Our Oceans Challenge” Competition Launched

    25 June 2014
    Business & Finance, Equipment, Technology

    The World Ocean Council (WOC) is part of a growing coalition of maritime leadership companies, industry organizations and knowledge institutes that has launched “Our Oceans Challenge” – a competition for innovation and solutions to address key issues affecting responsible ocean industry operations. One of the newest WOC members, Heerema Marine Contractors, has catalyzed “Our Oceans […]

  • CGG to Acquire Large Seismic Survey for Pemex in Gulf of Mexico

    7 November 2013
    Business & Finance, Operations & Maintenance

    CGG announced that it has been selected to acquire a large high-end seismic acquisition survey in the Mexican waters of the Gulf of Mexico on behalf of Pemex. The survey is phase 5 in Pemex’s Centauro program, the largest ever proprietary 3D wide-azimuth program to be conducted worldwide. Phase 5 will add another 6,850 km2 […]

  • Denmark: Vestas’ V164 Platform Increases Capacity to 8 MW

    3 October 2012
    Human Capital

    The V164 platform was from the very beginning developed with a possible potential of increasing the turbine size. The progress in the technology development has now shown that an 8 MW version will offer lower cost of energy and at the same time keep the reliability and structural integrity of the turbine unchanged. The balance […]

  • Creative and flexible funding for offshore contractors

    1 October 2014

    The global energy sector operates in a highly dynamic and competitive business environment. The total offshore capital expenditures of oil and gas companies are expected to exceed USD 270bn year-on-year by 2018,  Cornelie Goedhuis, Global Head – Natural Resources, ING Bank, says.   “So while the size and complexity of offshore projects are growing, raising […]

  • Norway: Johan Sverdrup Production Starts in Late 2018

    10 May 2012

    The licensees of Norway’s Johan Sverdrup discovery will select a development concept in the fourth quarter of 2013, and aim to start production in the last three months of 2018. With a forecast producing life of more than 30 years, the production time frame for this North Sea find extends to 2050. A plan for […]

  • VIDEO: ‘Our Oceans Challenge’ Competition

    25 June 2014
    Business & Finance, Equipment, Research & Development

    The World Ocean Council (WOC) is part of a growing coalition of maritime leadership companies, industry organizations and knowledge institutes that has launched “Our Oceans Challenge”, a competition for innovation and solutions to address key issues affecting responsible ocean industry operations. One of the newest WOC members, Heerema Marine Contractors, has catalyzed Our Oceans Challenge (OOC), […]

  • 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 […]

  • Shelf Drilling: Jack-up utilization rising, dayrates historically low

    14 November 2018
    Exploration & Production

    Jack-up rig specialist Shelf Drilling expects rig utilization to further increase in 2019, but the CEO has acknowledged the dayrates have yet to pick up.

  • Brownley Announces $12.3M for Ventura County Projects

    22 June 2018
    Business & Finance

    Congresswoman Julia Brownley yesterday announced more than $12.3 million in new federal funding for U.S. Army Corps of Engineers projects in Ventura County at Channel Islands Harbor, Ventura Harbor, and the Port of Hueneme. “I have long fought alongside our local leaders for additional funds for Ventura County’s port and harbors, and I am pleased […]

  • China Diversifying Its Shipping Business Model

    23 February 2015

    The Chinese business model for the shipping industry has seen a slight diversification over the recent period as the country’s new premier backs private commercial initiatives. This is particularly evident as the gradual relaxation of state control in some areas paves way for Very Large Crude Carries (VLCCs) being fixed out in the international market, shipbroking […]

  • Bluerise keeps overfunding flow

    6 November 2017
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    Dutch ocean thermal energy conversion (OTEC) projects developer Bluerise has decided to increase the target for its ongoing crowdfunding campaign once again, after securing €500,000 two weeks before the campaign closes.

  • Seacat Services Orders Two 24m Catamarans

    2 February 2015

    Seacat Services, an offshore energy crew transfer vessel operator, has placed an order worth £6 million with local boat builder South Boats IOW for two DNV-GL class-certified next generation 24m catamarans as it looks to bolster its fleet ahead of the next phase of European offshore wind construction. While new construction is set to slow […]

  • Spain: Enagas Q1 Net Profit Up 4.8 Percent

    22 April 2011

      Enagás reported net profit for the first three months of 2011 of €86Mn, a 4.8% increase on the figure of €82Mn to 31 March 2010. EBITDA totalled €205.9Mn, 8.6% higher than the previous year’s figure of €189.7Mn. These results are in line with guidance for the year which calls for net profit growth of […]

  • PGNiG Adopts New Strategy, Poland

    20 December 2012

    Polskie Górnictwo Naftowe i Gazownictwo SA has adopted the Short-Term Value Creation Strategy for the PGNiG Group until 2014. Its objective is to prepare the Company for operating in a liberalised gas market. The PGNiG Group wants to maintain its lead in the exploration and production industry, while remaining the primary supplier of natural gas, […]

  • Recovering Freight Rates Threatened by Uncertainty

    15 October 2014

    The oversupply in the freight market is still clearly felt as Panamax freight rates drag along, the Baltic and International Maritime Council (BIMCO) said in a review. “Fortunately, the erratic movements have now been mostly upward since the bottom-out on 27 June at USD 3,362 per day. Since then, freight rates have more than doubled […]

  • ERSG to Support DONG Energy’s Danish OWFs

    13 July 2016

    DONG Energy has chosen ERSG to provide contract professionals to support its Danish offshore wind farm projects over the next 5 years. Nigel Wilson, Head of Offshore Wind at ERSG said: “We are delighted to have been selected once again by DONG Energy to staff their Danish projects and my account management team and I […]

  • Offshore Middle East Gathers Top Industry Pros in Advisory Board

    14 December 2011
    Business & Finance

      Offshore Middle East has announced the addition of Mr. Abdelkader Haouari, Offshore Operations Manager, Qatargas Operating Company Limited as part of the growing Advisory Board for the 4th Offshore Middle East Conference & Exhibition which will return to Qatar in 2013. To be held at the Qatar National Convention Centre, Doha, on 21-23 January […]

  • Russia: Gazprom Management Committee Approves Updated Program for Hydrocarbon Resources Development

    4 March 2011

      The Gazprom Management Committee approved the updated Program for hydrocarbon resources development on the Russian Federation shelf until 2030 and the Plan of Prioritized Actions over 2011 to 2015. Specialized subdivisions were tasked to monitor the Program and its update it once every five years starting from 2015. [mappress] Source: Gazprom, March 4, 2011;

  • US Congress passes five-year offshore wind tax credit

    23 December 2020
    Authorities & Government

    The U.S. Congress has passed a year-end spending package which includes a provision that would extend the Tax Credit (ITC) for offshore wind facilities at 30% through 2025. The provision is part of the Offshore Wind Incentives for New Development (WIND) Act, introduced by Senator of Massachusetts Edward J. Markey, Rhode Island Senator Sheldon Whitehouse and Congressman Jim Langevin last […]

  • OTC Asia: GMS to provide offshore jack-up vessel solutions for South East Asia

    25 March 2014
    Business & Finance

    Gulf Marine Services, a provider of self-propelled self-elevating support vessels, has announced at OTC Asia, Kuala Lumpur, that it will bring a fleet to South East Asia, providing a new offshore solution for the region. GMS, which had a premium listing on the London Stock Exchange earlier this month, recently established an office in Singapore […]

  • Siemens Wraps Up Installation of BorWin2

    29 April 2014
    Business & Finance, Equipment, Operations & Maintenance

    Siemens has installed the BorWin2 offshore platform in the North Sea northwest of the island of Borkum. This marks Siemens’ achievement of the second crucial milestone in the German grid connection projects under contract with the German-Dutch network operator TenneT. Siemens had already erected its first converter platform for the HelWin1 connection off Heligoland in […]