10000 results found for 'otc 2014'

10000 results found for 'otc 2014'
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  • J. Lauritzen Nets Cash Injection to Weather the Storm

    25 February 2016
    Business & Finance

    Oslo-listed J. Lauritzen has secured a cash injection of approx. USD 19 million from its sole shareholder Lauritzen Fonden that will be used to strengthen the company’s balance sheet and improve its cash position. The deal also stipulates for a transfer of a number of non-strategic assets and obligations to LF Investment ApS, a wholly-owned by Lauritzen Fonden. The transactions provide J. […]

  • BIMCO: Dry Bulk Rates to Remain Flat

    13 March 2015

    The agony in the dry bulk sector is yet to be prolonged as forecasts for the dry bulk freight rates remain within the same levels. However, according to BIMCO, there are signs of stronger volumes for the second quarter of 2015 which are likely to support the freight market. BIMCO forecasts that the Capesize time charter (T/C) average rates […]

  • 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 […]

  • EIA: natural gas, coal-fired power generation to converge

    15 May 2015

    EIA forecasts in its Short-Term Energy Outlook that the amount of electricity generation fueled by natural gas in April and May will total just 3.5% less than the projected amount of coal-fired generation.

  • EIA: natural gas, coal-fired power generation to converge

    15 May 2015

    EIA forecasts in its Short-Term Energy Outlook that the amount of electricity generation fueled by natural gas in April and May will total just 3.5% less than the projected amount of coal-fired generation.

  • 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 […]

  • 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) […]

  • 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 […]

  • Ensco’s net income increased to $1.4 B in 2013

    20 February 2014
    Business & Finance

    Ensco plc reported today that diluted earnings per share were $1.54 in fourth quarter 2013 compared to $0.94 in fourth quarter 2012. Discontinued operations primarily related to rigs and other assets no longer on the Company’s balance sheet reduced earnings by $0.02 per share in fourth quarter 2013 and $0.10 per share in fourth quarter 2012. […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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.

  • USA: Orion Marine Group Issues Investors Update

    22 January 2014
    Business & Finance, Equipment, Technology

    Orion Marine Group, Inc., a leading heavy civil marine contractor serving the infrastructure sector, provided its investors with an update on the Company’s outlook and end markets. “As the Company begins a new year, it remains pleased with strong market fundamentals and continued steady demand for its heavy civil marine construction services. The private sector […]

  • 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 […]

  • 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. […]

  • 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 […]

  • 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 […]

  • POSCO Steel for World’s Largest FPSO

    25 February 2013

    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 & […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]