10000 results found for 'otc 2014'

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

  • 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 […]

  • 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 […]

  • 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 […]

  • Vietnam’s first LNG-fuelled power plant completes test firing

    20 January 2025
    Business Developments & Projects, Infrastructure

    PV Power, a subsidiary of Vietnam Oil and Gas Group (PetroVietnam), has carried out the initial firing of the country’s first liquefied natural gas (LNG) power plant, achieving what it says is a milestone on the road to putting the project into commercial operation.

  • 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 […]

  • FY 2018 Work Plan: $1.5 Million for Presque Isle Erosion Control

    13 June 2018
    Business & Finance

    The U.S. Army Corps of Engineers announced earlier this week that Presque Isle State Park in Erie, Pennsylvania, will receive $1.5 million for beach nourishment in the USACE’s work plan for fiscal year 2018. On March 8, 2018, U.S. Representative Mike Kelly sent a personal letter to the Assistant Secretary of the Army (Civil Works) to formally […]

  • Prelude FLNG on schedule for 2018 start-up

    5 May 2017
    Infrastructure

    Shell’s Prelude FLNG, world’s largest offshore facility, is set for completion and startup in 2018, despite a fatal incident that happened at the Samsung Heavy Industries shipyard earlier this week. The construction of the giant facility started back in 2012. Once completed, it will be deployed offshore Australia and will produce 3,6 million tons of LNG annually by […]

  • 2014 event selling out rapidly

    1 October 2014

    Later this month Offshore Energy Exhibition & Conference 2014 will kick off for the 7th time in history. Despite the fact that an additional 6000 sq.m. of exhibition floor was added to the floor plan the event organization expects to sell out any time now. The Offshore Energy Today crew spoke with Philip Mulder, Offshore […]

  • 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 […]

  • Lekoil goes to court over regulatory approval delay

    26 October 2018
    Business & Finance

    Nigeria-focused oil company Lekoil has informed that a court hearing will be held next month regarding its 2015 acquisition of a stake in an offshore oil field in Nigeria.

  • The Netherlands: New ARMGs for Maasvlakte II Terminal

    23 June 2014
    Business & Finance, Equipment, Technology

    APM Terminals concluded a contract with Austrian-based crane manufacturer Hans Kuenz GmbH in combination with ABB of Sweden for an additional 22 Automated Rail-Mounted Gantry Cranes (ARMGs). The order will bolster the yard operation for Phase I of the new 2.7 TEU million annual capacity, deep-water Maasvlakte II terminal which will begin operations in November […]

  • APM Terminals Boosts Crane Capacity at Maasvlakte II

    23 June 2014
    Business & Finance

    APM Terminals concluded a contract with Austrian-based crane manufacturer Hans Kuenz GmbH in combination with ABB of Sweden for an additional 22 Automated Rail-Mounted Gantry Cranes (ARMGs). The order will bolster the yard operation for Phase I of the new 2.7 TEU million annual capacity, deep-water Maasvlakte II terminal which will begin operations in November […]

  • USA: Ecology Seeks Public Comments on Anacortes Cleanup

    30 August 2012

    Continued cleanup of environmental contamination is planned in 2013 at the old Custom Plywood mill site on Fidalgo Bay’s western shore in Anacortes. In advance of that work, the Washington Department of Ecology (Ecology) invites the public to comment on draft documents related to the next round of cleanup at Custom Plywood. Comments will be […]

  • Oman Shipping Confirms LNG Order

    20 March 2012
    Vessels

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

  • ROVOP to expand ROV fleet with five new units

    9 May 2014
    Business & Finance, Equipment

    Rapidly growing subsea specialist ROVOP has announced that it is set to take delivery of five new remotely operated vehicles (ROVs), representing an investment of £17million (approx. $28million) and building significantly upon the company’s market-leading fleet of ROVs. The ROVs include two UHD-III’s, which are the most advanced heavy-duty work-class vehicles in the market, as […]

  • HSH Nordbank Posts ‘Nine-Digit’ Loan Loss

    10 April 2014
    Business & Finance

    As expected, high loan loss provisions resulting from the difficult situation on the shipping markets as well as substantial expenditure for the guarantee provided by the federal states of Hamburg and Schleswig-Holstein led to a loss in the nine-digit range. Due to the persistently tense situation in the shipping sector, HSH Nordbank does not expect freight […]

  • Axis Offshore holds off newbuild flotel delivery

    29 September 2016
    Exploration & Production

    Axis Offshore, a provider of flotels servicing the offshore oil & gas industry, has further postponed the delivery of its newbuild flotel Axis Nova that is being built at Cosco’s yard in China. Following completion of sea trials, the accommodation rig, or flotel, will be laid-up at the yard until August 20, 2017. The company said on Thursday […]

  • JDR opens service and maintenance facility in Brazil

    6 May 2014
    Business & Finance, Equipment

    JDR, a leading provider of technology connecting the offshore energy industry, is increasing its global footprint with the opening of a new service and maintenance facility in Brazil. The JDR facility will be the latest addition to the bustling port city of Macaé when it opens for business in Q3 of 2014. The city is […]

  • Rystad: Offshore project sanctioning in 2019 on track to surpass 2014 levels

    19 July 2019

    Overall offshore project sanctioning in 2019 has surpassed the $50 billion mark, driven by Saudi Aramco’s recently announced $18 billion worth of project commitments associated with the Marjan and Berri expansion projects, Rystad Energy said on Thursday. 

  • Norway: Odfjell Drilling to Manage Island Innovator Rig

    1 September 2011
    Business & Finance

    Odfjell Drilling on Monday 29 August 2011 signed a management agreement for the semisubmersible drilling rig “Island Innovator” owned by Marine Accurate Well ASA – Maracc (OTC MARA). The rig will be ready for operations in Norway Q4 2012. Odfjell Drilling CEO Simen Lieungh states: “We are very pleased to announce this management agreement with […]

  • Premier Oil upgrades 2016 output forecast. Cuts Catcher capex

    11 May 2016
    Equipment

    Premier Oil, and UK-based oil company, is set to break its 2016 production guidance ceiling. In its trading update on Wednesday, Premier Oil said that strong production to April 30, of 57.3 thousands of barrels of oil equivalent per day put the company on track to deliver at or above upper end of 2016 guidance […]