1235 results found for 'paragon'

1235 results found for 'paragon'
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  • 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.

  • 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 […]

  • 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 […]

  • CMA CGM’s newest methanol dual-fuel boxship christened in South Korea

    15 October 2025
    Business Developments & Projects, Vessels

    France-based maritime transport heavyweight CMA CGM has held a naming ceremony for its brand-new dual-fuel container vessel powered by methanol. According to the company’s social media post, the 13,000 TEU vessel was formally christened CMA CGM Helium at a yard in South Korea. The newbuilding—which is part of a 12-unit strong order—was constructed by South […]

  • 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.

  • 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 […]

  • 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.

  • 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 […]

  • 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.

  • TGS’ multi-year dataset across 13 US basins to bolster exploration and carbon storage plays

    4 December 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    Norwegian energy data and intelligence company TGS has finished work on a 13-basin reservoir characterization project in the United States (U.S.), said to offer formation-level petrophysical interpretations to model reservoir performance and assess CO2 storage feasibility.

  • DeepOcean and Saudi partner to form joint venture for subsea work in Middle East

    4 November 2025
    Business & Finance, Business Developments & Projects, Collaboration, Outlook & Strategy, Project & Tenders, Vessels, Vision

    Ocean services provider DeepOcean has signed a heads of terms agreement with Saudi Arabia-based Jana Marine Services to establish a joint venture company that will offer integrated subsea solutions to the offshore energy industry in the Middle East. To be named JADE Subsea Services, the joint venture plans to enter into a five-year charter agreement […]

  • Heerema secures decom contract for BP’s North Sea platform

    2 October 2025
    Business Developments & Projects, Project & Tenders

    Heerema Marine Contractors has secured a decommissioning contract with the U.K.-headquartered energy giant BP.

  • Perenco starts breathing new life into mothballed Brazilian assets

    19 September 2025
    Business Developments & Projects, Project & Tenders

    The Brazilian subsidiary of Anglo-French oil and gas player Perenco has started the reactivation program for two assets offshore Brazil previously owned by the country’s state-owned giant, Petrobras.

  • Siemens and Paragon join forces on novel hydrogen production technology

    30 July 2025
    Business Developments & Projects, Collaboration, Exploration & Production, Innovation, Outlook & Strategy, Project & Tenders, Research & Development, Technology

    Siemens and Paragon Resources have entered a memorandum of understanding (MoU) to jointly scale production of hydrogen using a novel process that reportedly eliminates the need for fossil fuels or external electricity sources.

  • Minesto brings Dragon 4 tidal kite back from North Atlantic operations

    12 September 2025
    Business Developments & Projects, Equipment, Operations & Maintenance, Project & Tenders, Research & Development, Technology

    Swedish tidal energy developer Minesto’s Dragon 4 tidal energy kite, named “Íðunn,” has been brought back from its production duty at the company’s North Atlantic demonstration site, where it has been generating electricity for the Faroe Islands grid. According to Minesto, the 100 kW Dragon 4 is part of the company’s portfolio of modular underwater […]

  • Aragon’s FPSO set to bring down zero-carbon ammonia costs and quadruple gas monetization

    4 September 2025
    Business & Finance, Business Developments & Projects, Certification & Classification, Regulation & Policy, Rules & Regulation, Transition

    Aragon, part of Seatrium, has high hopes for a blue ammonia floating production, storage, and offloading (FPSO) unit, which already secured approval in principle (AiP) from classification society American Bureau of Shipping (ABS).

  • ‘Proud moment’ for Reach Subsea as its USV travels to Australia

    26 August 2025
    Business & Finance, Business Developments & Projects, Innovation, Outlook & Strategy, Technology, Vision

    Norway’s Reach Subsea has sent off its uncrewed surface vessel (USV) on a trip to Australia where it will provide reservoir monitoring for Australia’s energy giant Woodside Energy. The Reach Remote 2 USV, which Reach Subsea took delivery of in June, is currently travelling to Australia to perform reservoir monitoring on the Scarborough gas field, […]

  • Perenco acquires Petrobras’ hibernated assets, sets revival strategy

    5 August 2025
    Business Developments & Projects, Project & Tenders

    The Brazilian subsidiary of Anglo-French oil and gas player Perenco has finalized the acquisition of two concessions located in shallow waters in the Campos Basin from Brazil’s state-owned oil and gas giant Petrobras.

  • 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 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 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 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 […]