1231 results found for 'paragon'

1231 results found for 'paragon'
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  • ONGC Videsh set to enter Namibian offshore sector

    4 July 2017

    India’s ONGC Videsh is set to buy a share in an exploration licence offshore Namibia. The company on Tuesday said it had reached a binding agreement with Tullow Oil to buy 30 percent interest in Namibia Petroleum Exploration License 0037 for Blocks 2112A, 2012B and 2113B out of Tullow’s existing participating interest of 65% in […]

  • Brokers: Zodiac Maritime Splashes USD 280 Mn on Six Tankers

    26 September 2018
    Business & Finance

    UK-based Zodiac Maritime has embarked on a shopping spree.

  • MAN ES unveils ‘next generation’ two-stroke methanol engine

    20 May 2025
    Business Developments & Projects, Innovation, Technology, Vessels

    German engine manufacturer MAN Energy Solutions (MAN ES) is set to deliver what it hails as “the world’s most powerful” two-stroke methanol engine. As disclosed, the MAN B&W 12G95ME-C10.5-LGIM (-liquid gas injection methanol) type engine is presently being built by a Chinese licensee, CSSC-MES Diesel Co., Ltd. (CMD), a joint venture between China State Shipbuilding […]

  • Hurricane Harvey Aftermath: Texas Ports Recovery in Photos

    5 September 2017

    The ports along Texas coast have entered the recovery mode following the Hurricane Harvey that flooded parts of Southeast Texas amid historic rainfall. The hurricane, which was subsequently downgraded to a tropical storm, shut down ports leaving commercial vessels including oil tankers and cruise ships stranded off Texas, with some of them forced to divert […]

  • Three NYK Group Tankers in Singapore’s Green Ship Program

    10 December 2011
    Business & Finance

    Three Singapore-flag tankers owned by NYK Bulkship (Asia) Pte. Ltd., and NYK Group company, have been recognized in the Maritime and Port Authority of Singapore’s (MPA) Green Ship Programme for the Energy Efficiency Design Index (EEDI) certification received by these vessels. NBAsia is the first Asian shipping company to receive this recognition. The three ships […]

  • 22 Oil Tankers Waiting to Unload off Texas in Harvey Aftermath

    31 August 2017

    As of August 28, 22 oil tankers are stranded off Texas coast as they are unable to offload their cargo due to port closures, according to the US Department of Energy. The tankers are said to be carrying approximately 15.3 million barrels of imported crude oil near Texas ports. The Port of Corpus Christi remains […]

  • Tulip Oil makes FID for North Sea gas field

    18 January 2018
    Project & Tenders

    Tulip Oil has made the Final Investment Decision (FID) for the development of the Q10 gas field located in the North Sea.

  • Noble Corp. reports increase in 2Q income

    31 July 2014
    Business & Finance

    Drilling contractor Noble Corporation plc has reported second quarter 2014 net income of $235 million, or $0.91 per diluted share, compared to $177 million, or $0.69 per diluted share in 2Q 2013. Revenues for the second quarter of 2014 were $1.2 billion compared to $1.3 billion in the first quarter of 2014 and $1.0 billion in the […]

  • Atlantic Petroleum ‘extremely pleased’ with Pegasus West test

    12 November 2014

    Atlantic Petroleum  has informed that the 43/13b-7 Pegasus West gas discovery drill stem test (DST) flowed at a combined rate of circa 91 million standard cubic feet of gas per day (MMscfpd) from three Carboniferous intervals. The discovery, operated by Centrica is located in the UK part of the North Sea.   Well testing is being completed and the […]

  • Tullow stalls Namibian well

    4 April 2017

    UK-based oil company Tullow Oil and the Australian oil company Pancontinental Oil & Gas don’t see eye to eye when it comes to a decision about drilling an exploration well in PEL 37 offshore Namibia.  Tullow farmed into Pancontinental’s PEL 37 license in September 2013 taking 65% interest as well as operatorship of the license. […]

  • Borr Drilling sells cold-stacked jack-up rig

    28 October 2020
    Business & Finance, Business Developments & Projects, Exploration & Production

    Offshore drilling contractor Borr Drilling has entered into an agreement to sell its cold stacked jack-up drilling rig Atla to an independent operator.

  • Solstad Offshore finds work for six vessels

    4 May 2020
    Business & Finance, Business Developments & Projects, Infrastructure, Vessels

    Norwegian vessel owner Solstad Offshore has entered into medium-term contracts for six of its vessels with undisclosed clients.

  • Centrica discovers gas at Pegasus West (UK)

    15 September 2014

    A gas discovery has been made at the Pegasus West well, offshore UK, Atlantic Petroleum, an exploration company based in Faroe Islands, has informed.

  • Africa Energy pulls the plug on Namibian block farm-in

    31 March 2017

    Canadian oil and gas exploration company Africa Energy Corp. has terminated a farm-out agreement with a subsidiary of Pancontinental Oil & Gas to acquire a 10% participating interest in Petroleum Exploration License 37 offshore Namibia (PEL 37). To remind, the two companies entered the farm-out agreement on November 29, 2016. Under the terms of the […]

  • Ocean Rig’s drillship set to drill Tullow’s well offshore Namibia

    3 September 2018
    Exploration & Production

    Ocean Rig-owned drillship Poseidon has reached the drilling site of Cormorant-1 well located in PEL 37 license offshore Namibia, which is operated by Tullow Oil.  

  • N-Sea Puts TUP Diving System to Work

    30 September 2014
    Business & Finance, Equipment, Research & Development

    N-Sea, the Inspection, Maintenance and Repair (IMR) specialist, has recently completed its inaugural diving scope with the innovative TUP Diving System® (Transfer Under Pressure). The diving scope involved X-mas tree assistance with the deployment of the TUP Diving System® for client ONE (Oranje-Nassau Energie) on its project, “L6 Diving Services” at the location L6D in […]

  • Borr Drilling chief financial officer to step down

    6 November 2019
    Business & Finance

    The chief financial officer of offshore drilling rig contractor Borr Drilling has decided to step down.

  • Centrica to treble production, extend life of North Sea oil field

    15 May 2017
    Exploration & Production

    A Centrica-owned oil field in the North Sea has been given a new lease of life following a £35 million ($45.3M) investment. Centrica said on Monday that it will drill a new production well at Chestnut field which aims to more than treble production and extend the life of the field which otherwise would have […]

  • NGSA, Bulkship Asia Sign Maritime Singapore Green Pledge

    16 January 2012
    Business & Finance

    NYK Group South Asia Pte. Ltd. (NGSA) and NYK Bulkship (Asia) Pte. Ltd. (Bulkship Asia) signed the Maritime Singapore Green Pledge. The Green Pledge is an initiative of the Maritime and Port Authority of Singapore through which maritime organizations pledge their commitment to promote and support clean and green shipping in Singapore. A signing of […]

  • Tullow gets one-year extension for license off Namibia

    21 January 2020

    Oil and gas company Tullow Oil has received a one-year extension for the Second Renewal Exploration Period on PEL 37 offshore Namibia.

  • No oil found in Dana’s Cameroon well

    29 March 2016
    Exploration & Production, Project & Tenders

    Dana Petroleum, an oil and gas exploration and production company, has completed drilling operations on the Manatee-1 exploration well in the Bakassi West block in Cameroon. The well is operated by Dana Petroleum with 55% interest, and SDX Energy, an exploration and production company with assets in Egypt & Cameroon, that holds 35% working interest (38.89% paying interest) […]

  • Offshore Energy Round 2

    14 October 2015
    Business & Finance, Equipment

    Offshore Energy is in full swing in Amsterdam where industry experts meet for the day two of the event which will see another action-packed program, starting off with a technical session on offshore safety. Speakers from WellSpec, NOGEPA, DNV-GL Oil & Gas Netherlands and Paragon Offshore will evaluate the consequences of the new European Union […]

  • 30th WISTA annual conference reflects industry optimism

    20 July 2010

    Leading organisations throughout the shipping industry are stepping up support for what will be one of the major events in the maritime calendar: the 30th annual conference of WISTA International (the Women’s International Shipping & Trading Association), which will be in Athens, from September 29 to October 1. Anna-Maria Monogioudi, President of WISTA Hellas, said […]

  • Borr’s Prospector 5 rig starts journey to Glengorm field off UK

    16 August 2018
    Exploration & Production

    The Prospector 5 jack-up rig has left Damen Verolme Rotterdam and started its journey to the UK continental shelf.

  • GOGL CEO: Brace for More Bankruptcies

    4 March 2016
    Business & Finance

    The dry bulk industry is going to be hit by another wave of bankruptcies, according to Golden Ocean CEO, Herman Billung, commenting on the depressed market which is suffering from chronic oversupply and lowest ever rates. “In the coming months there will be a lot of bankruptcies, counterparty risk will be on everybody’s lips,” Billung is quoted as […]