1240 results found for 'paragon'

1240 results found for 'paragon'
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  • Sintana expands Walvis Basin exposure ahead of potential 2027 exploration wave in Namibia

    21 August 2026
    Business & Finance, Business Developments & Projects, Exploration & Production

    Canada-headquartered oil and natural gas exploration player Sintana Energy has taken steps to position itself for the next phase of Namibia’s offshore oil story by acquiring a stake in Maravilla Oil and Gas, a privately held Namibian company focused on high-impact opportunities in West Africa, which enables it to secure an indirect interest in petroleum exploration license 37 (PEL 37) ahead of potentially significant exploration activity across the Walvis Basin.

  • Dragon roars with record power in Faroe Islands: Minesto hits new tidal energy output milestone

    10 August 2026
    Business & Finance, Business Developments & Projects, Exploration & Production

    Swedish tidal energy developer Minesto has revealed an electricity generation record in the Faroe Islands, where its tidal power plant set a new production record over the summer, after being upgraded with a new power-take-off (PTO) system that improves energy output throughout the tidal flow cycle.

  • Minesto reshapes organization to drive commercial expansion of tidal technology

    12 August 2026
    Business & Finance, Business Developments & Projects, Outlook & Strategy

    Swedish ocean energy developer Minesto has implemented organizational changes to further strengthen its ability to execute commercial projects and improve the product sales offering related to the installation and handling of its Dragon tidal energy technology. This comes following the organizational transformation Minesto completed last year, now moving on to adapt its structure to the […]

  • Minesto’s microgrid-scale tidal energy powerplant begins producing in Faroe Islands

    18 March 2026
    Business & Finance, Business Developments & Projects, Outlook & Strategy, Project & Tenders, Transition, Vision

    Swedish tidal energy developer Minesto has begun production from its 100 kW microgrid-scale powerplant Dragon 4 to the Faroese grid. This is said to be a preparatory first step of the microgrid project, partly funded by the Swedish Energy Agency and in close collaboration with project partners, including Faroese utility company Sev. Furthermore, the 1.2 […]

  • DORIS supporting Perenco’s revitalization & electrification mission at Brazil’s offshore platform duo

    26 June 2026
    Business & Finance, Business Developments & Projects, Exploration & Production, Transition

    French engineering, advisory, and project management services company DORIS is working alongside Perenco Brazil, part of Anglo-French oil and gas player Perenco, to bring two offshore platforms that have been offline since 2020 back to life, while employing electrification to cut greenhouse gas (GHG) emissions.

  • New partner on the cards as Sintana eyes indirect stake in Namibia’s offshore basin

    21 January 2026
    Business & Finance, Business Developments & Projects

    Canada-headquartered oil and natural gas exploration player Sintana Energy has entered into a letter of intent (LOI) to secure a period of exclusivity regarding an investment that unlocks an indirect interest in PEL 37 off the coast of Namibia.

  • Gulf of Suez oil output on the rise as new well joins in on the action

    10 April 2026
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production

    The Gulf of Suez Petroleum Company (GUPCO) has started oil production from another well at an offshore field in the Gulf of Suez, further augmenting its oil arsenal off the coast of Egypt.

  • Egypt moves to fast-track Mediterranean gas field tie-in in pursuit of production growth

    17 August 2026
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production

    With its sights set on higher domestic gas production, Egypt’s Ministry of Petroleum and Mineral Resources is pushing to accelerate field development in the Eastern Mediterranean waters, as part of its broader efforts to enable upstream growth and achieve its exploration and production plans through 2030.

  • Saudi player’s takeover bid deadline for UK oil & gas firm gets prolonged

    8 April 2026
    Business & Finance, Business Developments & Projects

    UK-headquartered Capricorn Energy, formerly known as Cairn Energy, has confirmed the extension of the deadline for a potential takeover offer from Alamadiyaf al-Masiyyah, a member of Saudi Arabia’s Cafani Group.

  • BP and ADNOC’s JV pouring $500 million to bring Egyptian gas project to life

    3 April 2026
    Business & Finance, Business Developments & Projects, Exploration & Production

    Arcius Energy, an affiliate of the UK-headquartered BP and the UAE-based ADNOC’s XRG, has made a final investment decision (FID) for a natural gas field off the coast of Egypt.

  • EIB to help Minesto strengthen investment case for 10 MW tidal energy project

    27 January 2026
    Authorities & Government, Business & Finance, Business Developments & Projects, Outlook & Strategy, Project & Tenders, Regulation & Policy, Transition, Vision

    The European Investment Bank (EIB) has selected Swedish tidal energy developer Minesto for in-depth investment advisory support focused on increasing the financial attractiveness and overall quality of the investment offer for a 10 MW tidal energy array as part of a larger build-out in a selected EU market. Minesto was selected on a complementary basis […]

  • Swedish tidal energy developer makes move into Iceland

    3 February 2026
    Business & Finance, Business Developments & Projects, Collaboration, Market Outlooks, Outlook & Strategy, Project & Tenders, Vision

    Swedish tidal energy developer Minesto has signed a memorandum of understanding (MoU) with Haf-Afl, an Iceland-based ocean energy site developer specializing in the identification, assessment and development of marine energy projects, to pursue entry into the Icelandic market. ”This is a textbook example of a valuable partnership for Minesto in the ongoing work to initiate […]

  • Minesto awarded funding to speed up tidal energy development in Taiwan

    30 January 2026
    Authorities & Government, Business & Finance, Business Developments & Projects, Outlook & Strategy, Project & Tenders, Technology, Transition, Vision

    Swedish tidal energy developer Minesto has secured grant funding from the Swedish Energy Agency (SEA) that will be used to accelerate its market development in Taiwan. Thanks to the €24,000 grant funding awarded through the Global Innovation Accelerator (GIA) program, Minesto aims to secure investments and partnerships for the build out of tidal energy power […]

  • Paragon Offshore emerges from bankruptcy

    19 July 2017
    Business & Finance

    Offshore drilling contractor Paragon Offshore has completed its corporate and financial reorganization and emerged from Chapter 11.  To remind, following the driller’s mid-May application for administration in the United Kingdom to advance its Chapter 11 plan, a UK court appointed joint administrators for the company on May 23. In early June, Paragon’s consensual plan of reorganization was […]

  • Paragon Offshore elects new boss

    25 August 2017
    Business & Finance

    Offshore drilling contractor Paragon Offshore has appointed James “Jay” Swent III, Paragon’s current chairman to the position of president and chief executive officer (CEO). Paragon recently completed its corporate and financial reorganization and emerged from Chapter 11. The new company emerged with approximately $165 million of available cash on its balance sheet, and $85 million […]

  • Paragon Offshore slips on impairments

    11 March 2016
    Exploration & Production

    Offshore drilling contractor Paragon Offshore has posted a loss for the fourth quarter of 2015 due to impairment charges.  The company on Thursday reported a fourth quarter 2015 net loss of $23.3 million, as compared to fourth quarter 2014 net income of $2.8 million. According to the drilling contractor, results for the fourth quarter 2015 […]

  • Paragon Offshore files for administration in UK

    17 May 2017
    Business & Finance

    Drilling contractor Paragon Offshore has filed an application for administration in the United Kingdom to advance its Chapter 11 plan.  The driller said on Wednesday that it filed an application with the High Court of Justice, Chancery Division, Companies Court of England and Wales for the appointment of two partners of Deloitte LLP to serve as […]

  • Paragon Offshore in sudden management changes

    10 November 2016
    Business & Finance

    Paragon Offshore, a global provider of offshore drilling rigs, has appointed a new President and Chief Executive Officer as well as a Chief Financial Officer, effective immediately. Paragon said on Thursday that both roles would be filled on an interim basis. Dean E. Taylor, a director of the company since its founding in 2014, has […]

  • UK court puts Paragon Offshore in administration

    23 May 2017
    Exploration & Production

    A UK court has appointed joint administrators for the drilling contractor Paragon Offshore following the driller’s application last week for administration in the United Kingdom to advance its Chapter 11 plan.  Paragon reported on Tuesday that the High Court of Justice, Chancery Division, Companies Court of England and Wales considered the company’s application for administration in the […]

  • Nasdaq Warns Paragon Shipping

    20 May 2015
    Business & Finance

    Athens-based dry bulk specialist Paragon Shipping has received written notification from Nasdaq indicating that the company no longer meets the minimum bid price requirement for the Nasdaq Global Market because the closing bid price of its common stock for the last 30 consecutive business days was below USD 1 per share. The Nasdaq Listing Rules allow an […]

  • Paragon sees rate increase in Mexico

    8 March 2016
    Exploration & Production

    Mexico’s state oil company Pemex has increased a dayrate for one of Paragon Offshore’s drilling rigs in Mexico.  In the company’s fleet status report for March, Paragon, an offshore drilling contractor, said that Pemex boosted the dayrate for the jack-up rig Paragon M842 from $70,000 to $112,000 for the period of early January 2016 to early March […]

  • Paragon Shipping Deeper in Red

    2 April 2015
    Business & Finance

    Greek dry bulk shipping company Paragon Shipping Inc. reported a net loss of $51.8 million for the year ended December 31, 2014 widening the gap from the preceding year’s net loss of $17 million. Net revenue, net of voyage expenses amounted to $11.6 million in the fourth quarter of 2014, falling from $13.9 million reported in 2013. “During […]

  • Paragon mulls options for removal of grounded drillship

    30 August 2017
    Exploration & Production

    Offshore driller Paragon Offshore is evaluating options for removal of its drillship, the Paragon DPDS1, which broke loose of its moorings during Hurricane Harvey’s landfall while in safe harbor at Port Aransas, Texas. Ahead of the storm, Paragon had arranged for two standby tugs to remain with the vessel and supplement the ship’s mooring system, […]

  • Paragon Delays Kamsarmax Deliveries

    9 June 2015
    Business & Finance

    Athens-based dry bulk shipping company Paragon Shipping Inc. has decided to postpone the delivery of the three Kamsarmax vessels currently under construction until the first quarter of 2016. The decision comes as Paragon comes to grips with difficult market plagued by vessel oversupply and record-low charter rates. The company’s outstanding newbuilding program consists of two Ultramax drybulk […]

  • Paragon Offshore spin-off completed

    4 August 2014
    Business & Finance

    Noble Corporation plc  announced today that it has completed the spin-off of all of the outstanding shares of Paragon Offshore plc, which owns most of Noble’s standard specification drilling business. As a result, Noble and Paragon are now two separate, publicly-traded companies. On August 1, 2014, Noble distributed to its shareholders one ordinary share of […]