10000 results found for 'prelude turret'

10000 results found for 'prelude turret'
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  • Diamond Offshore, GE in Subsea BOP Service Agreement

    8 February 2016
    Project & Tenders, Research & Development

    Diamond Offshore Drilling and GE Oil & Gas signed contractual service agreement (CSA) that transfers full accountability for BOP performance to GE Oil & Gas. In this Pressure Control by the Hour model, Diamond Offshore will compensate GE Oil & Gas only when the BOP is available. The 10-year collaborative arrangement will include GE purchasing the BOP […]

  • OPEC calls for extending oil production cuts amid coronavirus impact

    10 February 2020

    OPEC has recommended extending oil production cuts until the end of 2020 due to the negative impact of the coronavirus outbreak on global oil demand.

  • AAPA Wants U.S. Harbor Maintenance at Authorized Levels

    23 October 2014
    Business & Finance, Project & Tenders

    With more than 400 ports, corporations, associations and individuals as signatories, the American Association of Port Authorities (AAPA) has finalized and sent a letter to leaders of the House and Senate appropriations committees, urging them to meet the dredging funding commitments made in the 2014 Water Resources Reform & Development Act (WRRDA), passed in May. […]

  • Pacific Drilling CEO steps down after almost a decade in position

    2 August 2017
    Business & Finance, Exploration & Production

    Offshore drilling company Pacific Drilling has informed that its CEO Christian J. Beckett has stepped down from his positions as CEO and as a member of the Board to pursue other opportunities. The company, which provides ultra-deepwater drilling services to the oil and natural gas industry, announced that Paul T. Reese, the Company’s current Executive […]

  • Port of Cuxhaven Forging Ahead with Offshore Wind

    19 December 2014
    Business & Finance, Ports & Logistics

    In a letter marking the end of a successful year, Hans-Peter Zint, CEO of the Port of Cuxhaven, has highlighted the significant role that the offshore wind industry had at the port.  As should be the case for a multipurpose port, different kinds of cargo played a key role in this success. In terms of ferry service, for […]

  • Total Sells Share in Block Offshore Angola for $750 M

    4 February 2014

    Total announces the sale of its 15% participating interest in the offshore Angola Block 15/06 to Sonangol E&P. The transaction is valued at 750 million dollars and remains subject to customary approvals. “The sale of our interest in Block 15/06 is in line with Total’s global strategy to actively manage its portfolio and focus its investment […]

  • TSHD ‘Leiv Eiriksson’ in the Maldives

    20 January 2015
    Business & Finance, Project & Tenders

    The trailing suction hopper dredger ‘Leiv Eiriksson’ has arrived in the Maldives and is ready to carry out the dredging and reclamation work of Hulhumalé Phase II. This mega hopper with a capacity of 46,000 m³ arrived in the Maldives on January 10th. But before the vessel could begin operations, the Leiv Eiriksson was anchored in the Hulhumalé area waiting […]

  • UASC Wraps Up USD 162 Mn Finance Deal

    23 May 2016
    Business & Finance

    Dubai-based container shipping firm United Arab Shipping Company (UASC) has completed a series of transactions that resulted in the issuance by a U.S. based trust of USD 162 million of Enhanced Maritime Trust Certificates (EMTC). The proceeds from the EMTCs were used to finance the debt portion of two 2012-built 13,500 TEU container vessels, according to the […]

  • Energization of Europe’s first and world’s second multi-terminal HVDC subsea link goes full steam ahead

    29 August 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Regulation & Policy, Transition

    NKT has wrapped its assignment on a 260-kilometer high-voltage direct current (HVDC) subsea link, which is envisioned to lend a helping hand in ensuring Shetland’s supply of clean, low-carbon power, enabling 600 MW of renewable generation as remote North Sea islands connect to Britain’s main grid in support of Scottish and UK net zero and energy security targets.

  • Trump Sets BOEM 2019 Budget at USD 179.3 Million

    13 February 2018
    Authorities & Government, Business & Finance

    U.S. President Donald Trump has proposed a budget of USD 179.3 million for the Bureau of Ocean Energy Management (BOEM) in Fiscal Year (FY) 2019, under a total budget for the U.S. Department of the Interior (DOI) of USD 11.7 billion. 

  • Occidental selling upstream assets to slash debt

    20 February 2025
    Business & Finance, Business Developments & Projects

    Occidental (Oxy) has made progress on its debt-reduction plan by reaching a near-term debt repayment target and signing two agreements to divest upstream assets to undisclosed buyers.

  • Sembcorp Marine to back Chevron’s lower carbon LNG fleet upgrade

    27 February 2023
    Business Developments & Projects, Green Marine, Outlook & Strategy, Vessels

    Chevron Shipping Company, a subsidiary of energy major Chevron, has entered into an agreement with Sembcorp Marine Repairs & Upgrades Pte. Ltd, a wholly-owned subsidiary of Sembcorp Marine, with an aim to reduce the carbon intensity of its LNG fleet operations. Under the agreement, Sembcorp Marine will support Chevron in installing new technologies aboard its […]

  • Neste: Porvoo refinery to be gradually transformed into renewable and circular solutions refining hub

    25 December 2023
    Business Developments & Projects, Outlook & Strategy, Research & Development

    Finnish company Neste has completed the strategic study and begins a gradual transformation of its crude oil refinery in Porvoo into a renewable and circular solutions refining hub. Neste launched the strategic study in September 2022 with an aim to significantly grow its renewables and circular production in Porvoo long term, starting with the co-processing of both […]

  • Biden to push for IMO adoption of zero emissions goal for shipping by 2050

    27 April 2021
    Authorities & Government, Environment, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition

    The Biden administration has committed to working with the International Maritime Organization (IMO) to adopt a goal of achieving zero emissions from international shipping by 2050. The White House said it would aim to adopt ambitious measures that will place the sector on a pathway to achieve this goal. This would up the ante for […]

  • Ørsted takes final investment decision on green hydrogen project

    20 January 2021
    Business & Finance, Business Developments & Projects

    Ørsted has taken a final investment decision (FID) on the H2RES green hydrogen demonstration project in Denmark and expects first hydrogen production in late 2021. The project, to be built at Avedøre Holme in Copenhagen, will comprise a 2 MW electrolysis plant with appurtenant hydrogen storage, with the production powered by Ørsted’s two Siemens Gamesa […]

  • Carbon markets are a go but trillions at stake: Will ‘climate finance COP’ deliver the goods at the eleventh hour?

    23 November 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Collaboration, Environment, Regulation & Policy, Transition

    Given the trillion-dollar gap between the Global South’s demands and the Global North’s proposal for a new climate finance target, the 29th Conference of the Parties (COP29) has run into overtime in one last attempt at bridging the divide and finding common ground all parties can get behind. The calls for the Global North to pay up for climate damages have reached a crescendo.

  • Statoil hits oil in Cape Vulture well

    17 January 2017
    Exploration & Production, Project & Tenders

    Statoil Petroleum has made an oil discovery northwest of the Norne field in the Norwegian Sea, offshore Norway.  Statoil was given consent to drill the exploration well in block 6608/10 with the Deepsea Bergen rig and a drilling permit for the well 6608/10-17 S in November 2016. The drilling of the Cape Vulture exploration well started […]

  • Plan for Brazilian Ports Modernization Introduced

    10 December 2012
    Business & Finance

    Brazilian President Dilma Rousseff announced the launch of the Logistics Investment Program for Ports, a program to encourage the modernization of the management and infrastructure of the country’s ports, boost the expansion of private investment in the sector, decrease costs and increase efficiency. “We want to inaugurate a new era with the modernization of infrastructure […]

  • Brazil Announces USD 26 Bln Plan to Modernize Its Ports

    9 December 2012

    Brazilian President Dilma Rousseff on Thursday announced the launch of the Logistics Investment Program for Ports, a program to encourage the modernization of the management and infrastructure of the country’s ports, boost the expansion of private investment in the sector, decrease costs and increase efficiency. “We want to inaugurate a new era with the modernization […]

  • Stena Bulk, Alfa Laval join the world’s 1st project to demonstrate end-to-end shipboard carbon capture

    5 October 2022
    Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Green Marine, Research & Development, Transition, Vessels

    The Global Centre for Maritime Decarbonisation (GCMD), Oil and Gas Climate Initiative (OGCI), Stena Bulk, and Alfa Laval have launched a joint project to investigate the on-board capture, storage and off-loading of carbon dioxide (CO2). During a two-year-long project, divided into three stages, a seven-member consortium will test a carbon capture unit onboard a Stena […]

  • Large-scale deployment of CCS tech gets industry support in Houston

    17 September 2021
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Environment, Technology, Transition

    U.S. energy majors ExxonMobil and Chevron together with nine other partners will bring their industry expertise in support of a large-scale deployment of CCS in the Houston area.

  • McDermott in new $810 million credit agreement

    3 July 2017

    U.S. engineering, procurement, construction and installation company McDermott has entered into a five-year amended and restated credit agreement with $810 million of capacity for letters of credit and a $300 million revolving cash sublimit. Additionally, the agreement allows for current or new lenders to increase commitments up to a total of $1 billion, the company said on Monday. The amended […]

  • The Netherlands: Allard Castelein Appointed Port of Rotterdam Authority CEO

    18 July 2013
    Business & Finance

    Allard Castelein will become Chief Executive of the Port of Rotterdam Authority on 1 January next. Castelein (1958), who was born and bred in Rotterdam, is currently Vice President Environment at Royal Dutch Shell. The two shareholders (the Municipality of Rotterdam and the State) have appointed Castelein to succeed Hans Smits, who will be leaving […]

  • Equinor Picks Prysmian Inter-Array Cables Offshore New York

    5 December 2019
    Project & Tenders, Storage

    Equinor has signed an agreement with the Prysmian Group for the supply of inter-array cables for the Empire Wind offshore wind project in New York. Prysmian revealed that it is responsible for the design, supply and storage of approximately 150km of 66kV XLPE-insulated inter-array cables, which will transmit twice the current industry standard ensured by […]

  • Lindblad Expeditions Completes Merger With Capitol

    9 July 2015
    Business & Finance

    Expedition cruise provider Lindblad Expeditions has completed its USD 439 million merger with a Nasdaq-listed public investment company Capitol Acquisition Corp. II. The combined company will be listed on the Nasdaq under the name Lindblad Expeditions Holdings. The new company’s common stock, units and warrants will begin trading on the Nasdaq Stock Market under the new symbols LIND, LINDU […]