10000 results found for 'otc 2014'

10000 results found for 'otc 2014'
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  • ASME Recognizes Petroleum-Related Achievements

    7 June 2013
    Business & Finance

    ASME (American Society of Mechanical Engineers) has presented seven awards recognizing technical achievement and distinguished service in the field of petroleum-related mechanical engineering. Benton F. Baugh, the president of Baugh Consulting Engineers, Inc., received the 2013 Geoca Mechanical Engineering Achievement Award during a recognition ceremony held recently at the Offshore Technology Conference (OTC) in Houston. […]

  • Mingde Heavy Splashes XINHUI EXPRESS

    23 October 2013

    Mingde Heavy Industry, on Oct. 21st, carried out the launching ceremony for Singapore-based Nova Shipping & Logistics’ second wood chip carrier, the XINHUI EXPRESS (Yard No. MD146). The vessel features 51,800 tons of Gross tonnage and a DWT of 69,300 tons. Compared with other similar bulk ships, the ‘XINHUI EXPRESS’ possesses the characteristics of large capacity, […]

  • Philippines energy mix plans might open door for new LNG imports

    1 October 2014

    The Philippines said it will turn to natural gas in its energy mix to increase the share to a third over the next 16 years which would open doors for LNG imports.  This new market would be welcomed by the major LNG producers such as Chevron and Total who face uncertainty over long-term demand from […]

  • Vessel Operating Costs Expected to Rise

    27 October 2014

     Vessel operating costs are expected to rise by almost three per cent in both 2014 and 2015, the latest survey by international accountant and shipping consultant Moore Stephens reveals. The survey is based on responses from key players in the international shipping industry, predominantly shipowners and managers in Europe and Asia. Those responses revealed that vessel […]

  • Brazil: OSX Receives USD 228 Million Loan for Super Shipyard

    11 January 2012
    Business & Finance

    OSX, an EBX Group company focused in providing equipment and services for the offshore oil and gas industry, has received a USD 227.9 million loan for the funding of the construction of the Açu Shipbuilding Unit (UCN Açu), which will, once it is completed, be the largest shipyard in the Americas. The construction of the […]

  • Westports Achieves Major Milestones

    11 October 2016
    Business & Finance

    YB Dato’ Sri Mustapa Mohamed, Minister of International Trade and Industries (MITI), recently visited Westports and was briefed on the progress of the latest container terminal expansion program. The Container Terminal 8 (CT8) expansion is being undertaken in two phases and the construction work of Phase 1, which started in January 2015, has now been completed. The first 300-meter […]

  • 11 Nations Hammer Out Deal on Trans-Pacific Partnership

    25 January 2018
    Rules & Regulation

    Eleven countries finalize agreement on the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

  • Platts: August LNG spot prices to Asia slide

    23 July 2015

    Prices of spot liquefied natural gas for August delivery to Asia averaged $7.395 per million British thermal units, according to latest Platts Japan/Korea Marker data for month-ahead delivery.

  • Norwegian Cruise Line Going Strong

    30 October 2014
    Business & Finance

    Norwegian Cruise Line reported strong performance for the quarter ended September 30, 2014 posting 13.7% revenue increase up to USD 907.0 million. For the third quarter of 2014, the company reported a 29.1% increase in adjusted EPS to USD 1.11, on adjusted net income of USD 232.2 million, compared to USD 0.86, on adjusted net income […]

  • ConocoPhillips slumps to $1.1 billion loss, cuts spending

    28 July 2016
    Business & Finance

    Independent oil and gas company ConocoPhillips reported a $1.1 billion loss during the second quarter of 2016 and decided to once again cut its capex.  The oil company posted a second-quarter 2016 net loss of $1.1 billion, compared with a second-quarter 2015 net loss of $179 million. Excluding special items, second-quarter 2016 adjusted earnings were […]

  • FMC Technologies Scoops Spotlight on New Technology Award

    3 May 2016
    Business & Finance, Equipment, Research & Development

    FMC Technologies won a Spotlight on New Technology award for its InLine ElectroCoalescer, and was recognized at the 2016 Offshore Technology Conference (OTC) in Houston on Monday, May 2. This award recognizes and honors innovative technologies in the oil and gas industry that impact offshore exploration and production. “We are proud to receive our thirteenth […]

  • IEA: Uncertain outlook for gas as demand in Asia weakens

    4 June 2015

    Lower prices will feed a pick-up in global natural gas demand over the next five years following a marked slowdown in 2013 and 2014, the International Energy Agency (IEA) said Thursday in its 2015 Medium-Term Gas Market Report, which provides an analysis of global demand, supply and trade developments through 2020. Nevertheless, the growth in demand will fall […]

  • Panama Canal Discusses Expansion Program’s Progress (Japan)

    9 September 2013
    Business & Finance

    The Panama Canal Authority (ACP) has met with the Japanese Shipowners Association (JSA) and several car manufacturers in Japan, as part of the ongoing discussions with the vehicle carrier segment on the Expansion Program’s progress and future toll structure upon its completion. During the meetings, the Panama Canal provided an update on the Expansion Program […]

  • Pirates Raid Bulker off Nigeria

    11 April 2018

    A bulk carrier was chased down and boarded by pirates off Brass, Nigeria on April 7, 2018.

  • ‘Siem Daya 1’ suffers yet another deferral

    19 November 2015
    Business & Finance

    After several previous delays, Malaysian Daya Offshore Construction and Norway’s Siem Offshore have once again postponed the delivery of the Offshore Subsea Construction Vessel (OSCV) Siem Daya 1 to the Malaysian company. The two companies have now agreed to extend the delivery of Siem Daya 1 until December 15, 2015, with December 31, 2015 as cancelling […]

  • Brazil: OGX Reveals Business Plan for Campos and Parnaiba Discoveries

    7 June 2011
    Business & Finance

    OGX Petróleo e Gás Participações S.A., the Brazilian oil and gas company responsible for the largest private-sector exploratory campaign in Brazil, announces today details of the Company’s business plan for the Campos and Parnaíba discoveries. “Following OGX’s discoveries and successful appraisal campaign in the Campos and Parnaíba basins, we are pleased to announce our business […]

  • BIMCO: Three out of five converted VLOCs are no longer operating

    1 May 2020
    Vessels

    Converted Very Large Ore Carriers (VLOC) are increasingly becoming a thing of the past with the long-term freight contracts coming to an end as newer and more reliable ships replace them in the market. Since June 2017, 43% of the VLOC fleet has been sent to the scrapyards, while 18% of the fleet is idled […]

  • Baltic Acquires New Ultramax Vessels from Yangfan

    14 November 2013

    Baltic Trading Limited has agreed to acquire two 64,000 dwt Ultramax newbuildings for an aggregate purchase price of $56.0 million. The company also has an option exercisable in January 2014 to acquire two additional Ultramax newbuildings under the same specifications and purchase price. The four eco-design vessels will be built by Yangfan Group Co., Ltd. […]

  • Songa Orders Two Cat-D Rigs from DSME (South Korea)

    15 May 2012
    Business & Finance

    South Korea’s shipbuilder Daewoo Shipbuilding & Marine Engineering Co (DSME) has secured a new order for two Cat-D semi-submersible rigs from Norway based Songa Offshore. The contract signing ceremony was held during the Offshore Technology Conference (OTC) held in Houston, U.S.A on 3rd May. The value of the contract is approximately $1.1 billion USD and […]

  • Marine Well Containment Company Appoints New CEO

    6 October 2014
    Business & Finance

    Marine Well Containment Company (MWCC) announced plans to transition the office of the CEO from Marty Massey to Don Armijo, who currently serves as the company’s chief operating officer. Massey has led MWCC as its first CEO since February 2011, the same month the organization introduced its Interim Containment System (ICS) – the result of […]

  • Fred. Olsen Prepping Its Ships for Winter Cruises

    7 November 2014
    Business & Finance

    Fred. Olsen Cruise Lines’ three ships Black Watch, Braemar and Balmoral are all due to enter dry dock at the Blohm+Voss shipyard in Hamburg, Germany in November and December 2014. The drydocking will prepare the vessels for the forthcoming 2015/16 cruise season. According to the Norwegian-owned cruise shipping company, this is the first time that […]

  • P-66: First of eight ‘cloned’ FPSO hulls gets out of dry-dock

    8 April 2014

    The hull of the P-66 floating production storage & offloading unit has left a shipyard in Brazil.

  • SEA JACK Wraps Up Gwynt y Môr Installation

    1 July 2014

    On 28 June 2014, the last turbine at the Gwynt y Môr Offshore Wind Farm was installed by SEA JACK. In total, 160 turbines have been installed by A2SEA’s jack-up barges SEA JACK and SEA WORKER. “I am very happy to announce that SEA JACK has installed the final turbine at the Gwynt y Môr Offshore Wind Farm […]

  • The Netherlands: Risk Margin for Offshore Wind Project Increases

    31 January 2012

    Every day newspapers are full of the latest Eurozone crisis. In 2010, Tom Murley from private equity firm HgCapital described the economy to Wind Directions as having had the equivalent of “open-heart surgery”. Today, he says: “Depending on what happens with the Eurozone we may be wheeling the economy back into surgery again.” The offshore […]

  • PSA aims to improve well safety on NCS

    13 May 2014
    Business & Finance

    Petroleum Safety Authority Norway reports that wells which are left temporarily abandoned year after year represent a safety challenge on the NCS. The regulations have now been tightened up. Exploration wells must be permanently plugged after no more than two years, according to new regulatory requirements which came into force this year. Furthermore, production wells […]