1231 results found for 'paragon'

1231 results found for 'paragon'
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  • Ministry of Defence Takes Over Final Type 45 Destroyer (UK)

    4 April 2013
    Business & Finance

    The sixth and final Type 45 destroyer, DUNCAN, was delivered to HM Naval Base Portsmouth by BAE Systems and was handed over to the Ministry of Defence at a ceremony held on March 22. DUNCAN arrived into her new home of Portsmouth for the first time on March 22 with a combined BAE Systems and […]

  • SWMEP, CIMREG to Collaborate on Marine Renewables Development

    2 December 2013
    Business & Finance, Research & Development, Technology

    Representatives from the South West Marine Energy Park (SWMEP) and the Channel Islands Marine Energy Group (CIMREG) met in London at the International Tidal Energy Summit on Wednesday to finalise details of a memorandum of understanding (MoU) between the two organisations. The MoU, signed today between the Channel Islands and the South West of the […]

  • UK: Bridge Buys 50 pct Stake in Duart Field from Nexen

    29 September 2011
    Business & Finance

    Bridge, the Oslo Axess-listed oil and gas exploration and production company announced that it has signed a Sale & Purchase Agreement to acquire a 50% working interest in the producing Duart field from Nexen Petroleum Dragon UK Limited for a consideration of $38.3 million (the “Transaction”). The interest will add daily production of 750 barrels […]

  • Providence to Launch Major Drilling Programme Offshore Ireland in 2011

    23 December 2010
    Business & Finance

      Tony O’Reilly, Chief Executive of Providence Resources P.l.c., commenting on activity during 2010 and the future plans for 2011, said: “2010 has seen a huge amount of activity at Providence. We have assembled a balanced portfolio of drillable prospects while also ensuring that we have the appropriate partners for these specific assets. 2011 and […]

  • Dana Gas Strikes Gas in Egypt

    22 October 2012

    Dana Gas PJSC, the Middle East’s first and largest regional private sector natural gas company, has announced a new gas discovery in the Nile Delta, Egypt. The discovery was at West Sama-1 in the West El Qantara Concession. This new field discovery comes after the first successful drilling in the Komombo Concession earlier in the […]

  • Core Power wins funding for floating nuclear research project

    31 August 2022
    Authorities & Government, Collaboration, Green Marine, Outlook & Strategy, Research & Development, Transition

    The UK-based Core Power has secured research funds from the U.S. Department of Energy’s Nuclear Energy University Program (NEUP) to study the development of offshore floating nuclear power generation in the US. Core Power specializes in scalable atomic power technology for ocean transport and heavy industry. The company is working on the development of a modular molten […]

  • Can plunge in Suez Canal earnings prompt Egypt to broker peace to end Red Sea crisis?

    6 February 2024
    Authorities & Government, Business Developments & Projects, Green Marine, Regulation & Policy, Vessels

    The escalation of attacks on commercial ships in the Red Sea by the Houthi armed forces is further intensifying after increased air strikes by the U.S. and UK forces in Iraq, Syria, and Yemen. Paradoxically, the military intervention has not deterred the Houthi rebels, who have promised further retaliation against merchant vessels as a sign […]

  • Germany: Nord Stream Connected to OPAL

    25 August 2011

    The direct link between the major Russian reserves in Siberia and the European natural gas market is in place: The first line of the Nord Stream Pipeline is now connected to the OPAL natural gas pipeline (Ostsee-Pipeline-Anbindungs-Leitung – Baltic Sea Pipeline Link). “The pipeline system is now ready for the next complex steps of bringing […]

  • INTERCARGO: CII cannot be used to achieve desired decarbonisation goals

    7 December 2022
    Business & Finance, Business Developments & Projects, Environment, Green Marine, Innovation, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition

    The International Association of Dry Cargo Shipowners (INTERCARGO) has joined the critics of the Carbon Intensity Indicator (CII) framework voicing opposition to its use as a benchmark for medium-term measures as part of the IMO’s revised GHG Strategy. INTERCARGO said that its members expressed their belief that CII cannot be used to achieve the desired […]

  • Dana Gas Exceeds 2010 Production Targets in Egypt

    3 January 2011

    Dana Gas PJSC, the Middle East’s first and largest regional private sector natural gas company, has announced that its annual production rate for 2010 from its Nile Delta Concessions in Egypt is an estimated 42,000 barrels of oil equivalent per day, an increase of 20% on 2009, with production commencing from seven new fields. In […]

  • ‘Large’ oil & gas discovery springs up offshore Kuwait

    15 July 2024
    Business & Finance, Business Developments & Projects, Exploration & Production

    Kuwait Petroleum Corporation (KPC) has revealed a big oil and gas discovery at an offshore field east of Failaka Island, off the coast of Kuwait, fueling hopes of finding more hydrocarbons to boost the country’s resources.

  • EVTN Announces New Voraxial Separator Order for North American Oil Production Market

    10 November 2010
    Business & Finance, Equipment

    Enviro Voraxial Technology, Inc.announced today that the Company reached an agreement to lease a 1500 barrel per day Voraxial® 2000 produced water skid mounted processing system to an oil service company. The Voraxial® will be used to separate oil from the water “produced” during the oil production process. Research reports estimate the volume of water […]

  • 64% mull cutting maritime investments amid ESG concerns, reveals Woodrow study

    30 November 2023
    Business & Finance, Business Developments & Projects, Green Marine, Market Outlooks, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition

    Some 64% of senior finance professionals in the UK are contemplating reducing their investment in the maritime sector because of Environmental, Social, and Governance (ESG) risks, according to a recent study from sustainability and communications consultancy Woodrow. The report sheds light on key areas of ESG risk perceived by lenders and investors, including labour rights, […]

  • Bridge Announces Acquisition of 50 pct Stake in Duart Field (UK)

    29 September 2011
    Business & Finance, Operations & Maintenance, Project & Tenders

    Bridge, the Oslo Axess-listed oil and gas exploration and production company announces that it has signed a Sale & Purchase Agreement to acquire a 50% working interest in the producing Duart field from Nexen Petroleum Dragon UK Limited for a consideration of $38.3 million (the “Transaction”). The interest will add daily production of 750 barrels […]

  • ABS, CCS Hold “Deepsea Developments in the China Offshore Industry” Meeting

    30 June 2011
    Business & Finance

    The growing importance of deepwater exploration and production developments offshore China led classification societies ABS and CCS (China Classification Society) to conduct a joint “Deepsea Developments in the China Offshore Industry” meeting on 17 June 2011. The meeting, which was held in Beijing, brought together leading offshore industry professionals to discuss a wide range of […]

  • Australia: WorleyParsons Appoints New CEO

    6 July 2012

    Chairman, Ron McNeilly, today announces that the Board of WorleyParsons has appointed Andrew Wood as WorleyParsons’ Chief Executive Officer and Managing Director, effective at the conclusion of the company’s 2012 Annual General Meeting on 23 October 2012. At that time Andrew will also join the WorleyParsons Board. Andrew is a member of the company’s Executive […]

  • Higher production, divestments boost Petrobras’ 3Q result

    25 October 2019

    Brazil’s Petrobras reported an increase in 3Q net income, largely reflecting the increase in oil and gas production and the capital gain from the sale of BR Distribuidora.

  • BP and ADNOC’s XRG bring new gas player into existence

    16 December 2024
    Business & Finance, Business Developments & Projects, Collaboration, Exploration & Production, Transition

    BP and ADNOC, through its recently established investment arm, XRG, have given birth to Arcius Energy, a new regional gas platform, with an initial focus on the development of gas assets in Egypt.

  • Dana Gas Starts Production from Egypt NGL Plant

    21 October 2012

    Dana Gas PJSC, the Middle East’s largest private sector natural gas company, announced that its joint-venture, the Egyptian Bahrain Gas Derivatives Company (EBGDCo) NGL extraction plant region at Ras Shukheir in Egypt, first of its kind in the Gulf of Suez region, has loaded its first propane cargo on 1 October, 2012. EBGDCo’s first cargo […]

  • ABS & CCS Conduct Joint Deepsea Developments Meeting About China Offshore Industry

    30 June 2011
    Business & Finance, Operations & Maintenance, Research & Development

      The growing importance of deepwater exploration and production developments offshore China led classification societies ABS and CCS (China Classification Society) to conduct a joint “Deepsea Developments in the China Offshore Industry” meeting on 17 June 2011. The meeting, which was held in Beijing, brought together leading offshore industry professionals to discuss a wide range […]

  • Australia Invests in Offshore Exploration

    13 September 2012
    Business & Finance, Operations & Maintenance

    The Minister for Resources and Energy, Martin Ferguson AM MP, has announced the grant of seven new offshore petroleum exploration permits as part of round two of the 2011 Exploration Acreage Release. The award of these permits will see an estimated $277 million in new investment in offshore areas off the Northern Territory and Western […]

  • AEMO: Eastern Australia facing gas shortages as LNG exports surge

    8 December 2016

    Eastern Australia could face natural gas shortages starting in 2018 as Queensland LNG exports move into full swing, the Australian Energy Market Operator said Thursday.

  • Australia Awards Seven Offshore Exploration Permits

    13 September 2012

    The Minister for Resources and Energy, Martin Ferguson AM MP, has announced the grant of seven new offshore petroleum exploration permits as part of round two of the 2011 Exploration Acreage Release. The award of these permits will see an estimated $277 million in new investment in offshore areas off the Northern Territory and Western […]

  • Polskie LNG: Panel Discussion Held During Economic Forum in Krynica

    10 September 2012

    By virtue of the currently erected LNG Terminal in Świnoujście, Poland will become a new player in the global LNG market, already accounting for over 32% of world gas trade. The LNG market increased as much as 65-fold in the period from 1971 to 2011. It is estimated that by 2030 it will grow by […]

  • APPEA: LNG Delivers Greenhouse Benefit (Australia)

    10 April 2011

      The Australian Petroleum Production & Exploration Association (APPEA) has used the opening of its largest ever conference and exhibition to release an independent study outlining the potential global greenhouse gas benefits associated with Australia expanding its liquefied natural gas (LNG) industry. Produced by the global engineering consultancy WorleyParsons, Greenhouse Gas Emissions Study of Australian […]