10000 results found for 'otc 2014'

10000 results found for 'otc 2014'
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  • Construction of Byron’s SM 71 tripod restarts as Harvey passes

    31 August 2017
    Project & Tenders

    After the passage of Hurricane Harvey, construction operations on the Byron Energy-operated SM 71 tripod platform at the Laredo yard have resumed in Galveston, Texas.  Byron is the operator of the South Marsh Island 71 (SM 71) development in the U.S. Gulf of Mexico with a 50 percent working interest and 40.625 percent net revenue interest. Otto […]

  • Steel Cut for Celebrity Cruises’ New Edge Class Ship

    21 November 2016
    Business & Finance

    The next generation of cruise ships moves from concept to construction today, as the first piece of steel is cut at the STX France shipyard for Celebrity Cruises’ newest ship Celebrity Edge. The cruise line, a brand subsidiary of Miami-based cruise company Royal Caribbean Cruises, said that the Celebrity Edge is expected to join the company’s fleet […]

  • Stena Bulk Reclaims Responsibility for Three LNG Carriers

    15 January 2014
    Vessels

    Following a reorganisation, Stena Bulk took back the overall responsibility for the commercial operation and technical management of the three LNG tankers Stena Blue Sky, Stena Crystal Sky and Stena Clear Sky from Stena LNG on January 1. The vessels are signed to time charters for the next 2-3 years on favourable terms and are […]

  • Nordic Yards Lays Keel for Two Ice-Breaking and Salvage Ships

    13 November 2013
    Business & Finance

    The keel-laying of two ice-breaking and salvage ships took place yesterday at Nordic Yards in Wismar. In the presence of the Russian customer and other guests, two of the first sections of each vessel, construction numbers 217 and 218, were laid on blocks. After the flame-cutting on September 23rd, keel-laying marks the next milestone in […]

  • South Korea Sets Up USD 9.5 Bn Fund for Shipping and Shipbuilding

    8 June 2016

    South Korea is launching a KRW 11 trillion (USD 9.5 billion) worth fund for state-run banks intended for the country’s ailing shipbuilding and shipping industries, the government announced on Wednesday. The banks being targeted by the fund are Korea Development Bank (KDB) and the Export-Import Bank of Korea (KEXIM), which are hit the most by unprofitable […]

  • Brazil: OSX Receives USD 227.9 Million Loan for Acu Shipbuilding Unit

    11 January 2012
    Business & Finance

    OSX, an EBX Group​ company focused in providing equipment and services for the offshore oil and gas industry, 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 general conditions of this […]

  • Report: Vessel Contractors Line Up for Subsea Market Recovery

    6 March 2017
    Business & Finance, Research & Development

    The announcement on the 28th February of EMAS Chiyoda’s bankruptcy is the latest in a long line of vessel contractors to fall victim to the downturn since January 2015. Multiple companies such as Cal Dive, Ceona, Cecon, Harkand and Swiber have entered into administration, taking a significant number of vessels out of the active fleet. […]

  • Kleven to build six SALT AHTS for Maersk

    16 October 2014
    Business & Finance

    Norway’s Kleven has signed a contract with Maersk Supply Service A/S to build six anchor handling vessels. The contract also includes options for up to four additional vessels. The 95 m long vessels are of SALT 200 AHTS design from Salt Ship Design, and will be built at Kleven’s two shipyards in Norway, Kleven Verft […]

  • Genco Shipping Stays in Red

    5 August 2015
    Business & Finance

    NYSE-listed dry bulk shipping company Genco Shipping & Trading Limited recorded USD 40.3 million net loss for the second quarter of 2015, a USD 20.3 million improvement compared to USD 60.5 million loss the company reported for the three months ended June 30, 2014. Genco Shipping, which recently merged with Baltic Trading Limited, saw its revenue decrease to USD 34.6 million for […]

  • Loaded Container Shipments to Break 200 Mn TEU Mark

    27 November 2017

    Global loaded container traffic is on track to break the 200 million teu threshold this year for the first time ever, shipping consultancy Drewry said citing recent port and trade statistics. “The Drewry Global Container Port Throughput Index shows no sign of slowing down, with the latest reading for September being nearly 10 points above […]

  • Ithaca expects delay in Stella ramp-up

    23 March 2017
    Project & Tenders

    Oil and gas company Ithaca Energy has said that the dynamic commissioning of a floating production unit and production ramp-up at its Stella field in the UK sector of the North Sea will take longer than expected.  The Ithaca-operated Greater Stella Area licenses, located in the heart of the Central Graben area, contain the Stella […]

  • Oman Shipping Company Linking All Omani Ports

    7 April 2016
    Business & Finance

    Oman Shipping Company (OSC) is launching a new freight service that would connect all Omani ports to the United Arab Emirates by mid-April, 2016. Through its new fortnightly Oman Express Service, run by OSC subsidiary Oman Container Lines (OCL), OSC will be the first freight feeder operator to connect all Omani ports, the company said. […]

  • Bumi Armada orders Pusnes system for Kraken FPSO

    11 July 2014
    Equipment

    MacGregor, part of Cargotec has won an order from Bumi Armada Berhad, a Malaysia-based international offshore oilfied services provider, to supply a Pusnes offloading system for a floating production storage and offloading (FPSO) conversion project. The Pusnes offloading system will be delivered by March 2015. The order is booked into the second quarter 2014 order […]

  • Boskalis Signs Three Important Contracts (The Netherlands)

    2 May 2012

    Royal Boskalis Westminster N.V. has acquired three energy related contracts for projects in Northwest Europe with a combined contract value of approximately EUR 110 million. Boskalis has signed a contract with partners DONG Energy and Scottish Power Renewables for the partial construction of the “West of Duddon Sands” offshore wind park in the Irish Sea. […]

  • Hyundai Mipo Adds 16 Product Carriers

    30 October 2013

    Hyundai Mipo Dockyard (HMD) announced today in its regulatory filing to the Korea Stock Exchange that the company has won two orders worth approx $492 million for the construction of sixteen MR tankers. The two contracts were signed on Oct 29th 2013, with ship owners from the Middle East. All vessels should be delivered by […]

  • Oro Negro Orders Two Jack-Ups from Sembcorp (Singapore)

    7 December 2012
    Business & Finance

    Sembcorp Marine’s subsidiary, PPL Shipyard has secured two turnkey contracts with a combined value of US$434 million for the construction of two units of jack-up rigs from Integradora de Servicios Petroleros Oro Negro, S.A.P.I. de C.V. (“Oro Negro”). Scheduled for delivery in end 4th quarter 2013 and end 1st quarter 2014, the pair of high […]

  • HMS Queen Elizabeth Christened

    4 July 2014

    The Royal Navy’s new aircraft carrier, HMS Queen Elizabeth,  has been officially named by Her Majesty the Queen at a ceremony in Scotland.   The ceremony, held at Rosyth dockyard near Edinburgh, marks the completion of the flagship which is the largest ship built for the Royal Navy: With a height of 56 meters she […]

  • Canada launches $25M clean energy program

    19 August 2016
    Business & Finance, Research & Development, Technology

    Government of Canada is seeking proposals for projects under the C$25 million ($19.5 million) Clean Energy Innovation Program whose goal is to bring clean energy technologies closer to commercialization.

  • NDM secures contract with Kleven Verft

    30 July 2014
    Business & Finance, Equipment

    NDM has secured a new contract with Kleven Verft to supply deck machinery for their newbuilding 379, a MPSV for Malaysian based Joint Venture Company IES Pioneer Ltd. The contract for the new vessel is of the MT 6015 MPSV design, designed by Norwegian design company MarinTeknikk, and will be outfitted with a crane, helideck […]

  • Half of Walney Extension Officially in Hands of PKA and PFA

    10 November 2017
    Business & Finance

    Ørsted completed the divestment of 50% of its 659MW Walney Extension offshore wind farm to PKA and PFA today, 10 November.  

  • Governor Scott Highlights Importance of Investing in Environmental Programs

    24 October 2017
    Business & Finance

    Florida Governor Rick Scott announced yesterday that he will propose more than $1.7 billion to protect Florida’s environment as part of his 2018-2019 recommended budget. This $1.7 billion funding for the Florida Department of Environmental Protection (FDEP) is a more than $220 million increase over the current year. Governor Scott said: “People from across the […]

  • Tenders Invited for Balticconnector Seabed Surveys

    5 August 2016
    Project & Tenders

    Baltic Connector Oy in cooperation with Elering AS has invited tenders for the provision of seabed surveys for Balticconnector offshore pipeline. The Balticconnector project is a gas infrastructure project aiming to interconnect the Finnish and Estonian gas networks. The contract, worth EUR 3 million (approx. USD 4 million), covers geophysical and geotechnical seabed surveys for […]

  • CIC Changxing Holds Naming Ceremony for First Yangtze MAX Bulker

    31 October 2013
    Business & Finance

    The first built 48,000 DWT bulk carrier “BAO YUE LING” for China Shipping Bulk Carrier Co., Ltd. under batch construction of China Shipping Industry (Jiangsu) Co., Ltd. (CICJS) was successfully named and delivered on Oct. 29, 2013 at No. 3 quay of China Shipping Industry (Shanghai Changxing) Co., Ltd. The  vessel is the first of […]

  • Denmark: LM Wind Power Announces EUR 707.5 Million Revenue for 2011

    1 May 2012
    Business & Finance

    LM Wind Power Group made continued progress despite being faced with a range of external pressures, maintaining profitability for 2011 with revenue of EUR 707.5 million and EBITDA of EUR 73.9 million. The results are in line with expectations for the year, yet disappointing and lower than last year. The revenue for LM Wind Power […]

  • Norway Upstream Sector Thriving, Wood Mackenzie Report Says

    10 January 2013

    Wood Mackenzie’s annual review of the Norwegian upstream sector shows that the country’s oil and gas industry is thriving: 2012 was a record year for capital investment, M&A activity, and licences awarded. However, this was tempered by an underwhelming year for exploration and concerns about the sector overheating, as the ramp-up in activity on the […]