1235 results found for 'paragon'

1235 results found for 'paragon'
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  • Polarcus Asima completes 3D seismic survey offshore Namibia

    11 April 2014
    Project & Tenders

    Pancontinental Oil & Gas NL has announced an extensive 3D seismic survey has been completed within its highly prospective offshore acreage in licence area EL 0037 offshore Namibia, southwest Africa. The 3D acquisition, over approximately of 3,000km2, covers a number of strong “Leads” that have already been mapped on existing 2D seismic data. A second 2D acquisition phase will […]

  • Orca wraps up offshore program on Songo Songo

    22 February 2016
    Exploration & Production, Project & Tenders

    Orca Exploration Group has announced the completion of its offshore workover and drilling program on the Songo Songo gas field development offshore Tanzania, and the release of the Paragon M826 drilling workover rig. The offshore program of the Songo Songo Main Field development program included workovers on three existing wells (SS-5, SS-7 and SS-9) and the […]

  • Rystad: Borr helping entire jack-up market by pushing up utilization levels

    19 June 2018
    Exploration & Production

    Analysis by Rystad Energy shows that Borr Drilling would emerge with the largest and youngest jack-up fleet if rigs over 35 years were retired in the short term.

  • Out of layup & back to work

    6 April 2017
    Exploration & Production

    The worst is over, the layup list is decreasing. But after the most brutal downturn in memory, what are we left with? Written by Inger-Louise Molver, Offshore Analyst at Westshore    AHTS will see the quickest recovery Around a third of the AHTS vessels trading the spot market have disappeared since the high point back […]

  • Offshore rig market shakeup will be like nothing we’ve seen before

    6 July 2017
    Exploration & Production

    As the “lower for longer” outlook keeps getting longer, some rig owners are setting the scene for a major restructuring in the offshore drilling industry. By David Carter Shinn Within a reasonable timeframe, rig dayrates, especially for deepwater drilling rigs, won’t increase from current cash break-even levels. Rig asset values are at less than 50% […]

  • Minesto secures $2.3M loan to support operations, clarify capital needs

    18 June 2025
    Business & Finance, Business Developments & Projects, Collaboration, Outlook & Strategy, Project & Tenders, Research & Development, Vision

    Swedish tidal energy developer Minesto has secured a SEK 22 million (approximately $2.3 million) loan from Fenja Capital to be used as working capital for its ongoing operations and business development. According to Minesto, the loan has a four percent set-up fee and a one percent monthly interest rate. It must be repaid in full […]

  • Germany: GL Hellas Committee Celebrates 35th Year

    14 September 2012

    The Hellas Committee of Germanischer Lloyd (GL) met on Wednesday at the Hotel Grande Bretagne, Athens. The annual Committee Meeting, now a longstanding tradition in its 35th year, very much reflected the mood of the industry, with great challenges foreseen for traditional markets, but opportunities on offer for those with expanding perspectives. The Chairman of […]

  • Bassoe: Dude, where’s my offshore drilling rig market M&A?

    25 May 2018
    Exploration & Production

    The need for consolidation among offshore rig owners is just as dire as it’s ever been.

  • GL Expands Perspectives Built Upon Tradition

    14 September 2012
    Business & Finance

    The Hellas Committee of Germanischer Lloyd (GL) met on Wednesday at the Hotel Grande Bretagne, Athens. The annual Committee Meeting, now a longstanding tradition in its 35th year, very much reflected the mood of the industry, with great challenges foreseen for traditional markets, but opportunities on offer for those with expanding perspectives. The Chairman of […]

  • Germany: GL Hellas Committee Celebrates 35th Year

    14 September 2012

    The Hellas Committee of Germanischer Lloyd (GL) met on Wednesday at the Hotel Grande Bretagne, Athens. The annual Committee Meeting, now a longstanding tradition in its 35th year, very much reflected the mood of the industry, with great challenges foreseen for traditional markets, but opportunities on offer for those with expanding perspectives. The Chairman of […]

  • Interview: The past, the present, and the future of floating rig market

    28 November 2016
    Exploration & Production

    Offshore Energy Today has interviewed Liz Tysall Senior Offshore Rig Analyst of Rystad Energy, an energy intelligence group based in Norway. The interview follows a recent report by Rystad on offshore drilling market, floating rigs, in particular. The interview itself focuses on the floaters market, covering topics such as current conditions in the offshore drilling […]

  • MPX to plug Aragon well

    9 October 2014

    MPX North Sea limited has informed that well operations drilling and open hole logging operations have been completed on the Aragon exploration well 9/14a-15A in Licence P1763, offshore UK.

  • Reach Subsea takes delivery of second uncrewed surface vessel

    13 June 2025
    Business Developments & Projects, Collaboration, Equipment, Infrastructure, Outlook & Strategy, Project & Tenders, Technology, Vessels

    Norway’s Reach Subsea has confirmed the delivery of its second uncrewed surface vessel (USV), Reach Remote 2, after completing all technical installations, testing, and documentation. According to Reach Subsea, the vessel will be deployed for commercial projects, expanding the company’s uncrewed fleet after the successful pilot involving Reach Remote 1 earlier this year. “We are […]

  • Minesto’s megawatt-scale tidal kite returns to action after upgrade

    20 May 2025
    Business Developments & Projects, Exploration & Production, Operations & Maintenance, Project & Tenders, Technology

    Swedish tidal energy developer Minesto has resumed electricity production from its 1.2 MW Dragon 12 tidal kite Luna in Vestmannasund, Faroe Islands, following an upgrade period, most prominently including a longer tether. According to Minesto, the Dragon 12 is now back in operation and supplying power to the grid. The system features an extended tether […]

  • African FLNG project getting its ‘ideal choice’ of LNG liquefaction technology

    9 January 2025
    Business & Finance, Business Developments & Projects, Project & Tenders

    Perenco has picked a liquefied natural gas (LNG) liquefaction technology partner for its floating LNG (FLNG) project in Gabon, West Africa. Thanks to this, Aragon, a Norway-headquartered engineering, procurement, and construction (EPC) player, which is part of Seatrium, will work on the firm’s FLNG terminal.

  • Paradoxes of Somali Piracy

    28 October 2014

    Somali pirates take a very business-like approach to their craft, according to a study on piracy published by research portal for maritime security Piracy-Studies.org. “We attack big ships that can pay us. However, after capturing several ships we have learned about what type of ships to target and which ship owner is able or willing to […]

  • Borr Drilling sees strong case for jack-up market recovery

    21 November 2018
    Exploration & Production

    Jack-up drilling company Borr Drilling is seeing an increase in jack-up rig utilization, especially in the premium jack-up rig segment, mostly in the Middle East, West Africa, Mexico, and the North Sea.

  • Parakou, Cambridge Agree on Merger

    2 December 2014
    Business & Finance

    Blank check company Cambridge Capital Acquisition Corporation and privately-held tanker owner Parakou Tankers, Inc. have entered into a merger agreement. The deal stipulates that Parakou will become a publicly listed company through a merger transaction with Cambridge. Once the transactions are completed, Cambridge will be merged with and into a newly formed Marshall Islands company and […]

  • Interview: Most countries are struggling with Offshore Safety Directive implementation

    23 October 2015

    During last week’s Offshore Energy Exhibition & Conference (OEEC) 2015 in Amsterdam, Offshore Energy Today interviewed Mr. Rob Beks, Senior Consultant, Asset Risk Management at DNV GL, prior and in relation to Offshore Safety session, held on the second day of the conference. During this session, the topic of offshore safety was observed from different angles […]

  • PHOTO: Ellicott 1870 Dragon

    12 November 2015
    Business & Finance, Equipment, Technology, Vessels

    Ellicott Dredges LLC has just released an aerial photo of a portable cutterhead dredger, the 1870 Dragon, during its work in Latin America. Traditionally, port expansion projects are handled utilizing larger trailing suction hopper dredgers (TSHD) or other self-propelled dredging vessels. In certain cases, smaller, portable cutter suction dredgers are a better solution due to their […]

  • Evergas Takes Third Dragon

    16 October 2015
    Business & Finance

    Danish gas shipping company Evergas has taken delivery of the third 27,000 cbm ‘Dragon Class’ multi-gas carrier from the Sinopacific Offshore & Engineering shipyard in Qidong, China.  The third multi gas carrier was named JS Ineos Intrepid, and is a part of a series of four identical vessels ordered by Evergas at Sinopacific back in 2013. […]

  • Evergas Takes Third Dragon

    16 October 2015
    Business & Finance

    Danish gas shipping company Evergas has taken delivery of the third 27,000 cbm ‘Dragon Class’ multi-gas carrier from the Sinopacific Offshore & Engineering shipyard in Qidong, China.  The third multi gas carrier was named JS Ineos Intrepid, and is a part of a series of four identical vessels ordered by Evergas at Sinopacific back in 2013. […]

  • Safety device slays ‘dragons’

    10 January 2007

    The BBC television series Dragons’ Den seems an unlikely proving ground for a man-overboard detection system but not for mermaid id – recently adopted for the 2008-09 race. Back in August 2006, Matt Hazell was among a group of contestants who braved the Dragons’ Den, a show in which inventions are pitched in the hope […]

  • Dragon boats in Channel challenge

    24 August 2007

    Two crews are attempting to break the world record for crossing the English Channel in a dragon boat. The Brotherhood and Sisterhood teams are paddling from Dover to Calais across more than 20 miles of open sea in aid of charity.

  • Big entry for Dragon worlds

    25 July 2005

    The Hanseatic Lloyd World Championship within the framwork of the Rolex Baltic Week from 19-28 August is about to begin. The acme of the Sailing Class, which only occurs every two years will be combined with the Childhood Charity Race for the first time.