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2H Offshore Gets New Managing Director

21 July 2016

Business & Finance, Equipment

2H Offshore, an Acteon company, has appointed Yann Helle as managing director. Helle replaces Tim Eyles, who is moving to the role of vice president with parent company Acteon. Helle, who previously held the position of technical manager, will have responsibility for the leadership and development of 2H globally, focusing on evolving and expanding new business […]

Seadrill and Chevron Pen West Tellus Contract

21 July 2013

Seadrill Limited (Seadrill) has signed a contract with Chevron China Energy Company for the newbuild ultra-deepwater drillship West Tellus in support of Chevron’s affiliated global exploration program. The contract commences in China immediately upon shipyard delivery and thereafter relocates to Liberia. The agreement is for a period of 180 days with revenue potential of approximately […]

Norway: GDF Suez E&P Norge Appoints New Managing Director

16 November 2011

Business & Finance

GDF SUEZ E&P Norge said on its website that as of 01.12.11 Atle Sonesen will replace Terje Overvik as Managing Director. Sonesen joined GDF SUEZ E&P Norge in 2005, and currently holds the position as Head of Asset. He has a Master of Science degree in petroleum technology from the University of Stavanger, and […]

GE Appoints Anne M. McEntee VP for Dresser (USA)

15 February 2011

GE announced the appointment of new company officer. GE currently has 194 GE officers globally. GE officers lead large revenue generating businesses or are in critical functional roles, helping to drive growth. Anne M. McEntee, 40, has been appointed vice president of Dresser for GE Energy Services, a business within GE Energy. In this […]

Vattenfall On Point with Danish Offshore Wind Projects (Expertise Hub VIDEO)

14 December 2017

Business & Finance

Vattenfall’s three Danish offshore wind projects are progressing on schedule following the order of wind turbines from Siemens Gamesa Renewable Energy, Gunnar Groebler, Senior Vice President Business Area Wind at Vattenfall, said.

ABS awards AIP for Conrad, TSGI’s LNG powered towboat

3 December 2014

Vessels

Conrad Shipyard and The Shearer Group have been awarded an AIP by ABS for the design of 4,200 horsepower LNG towboat.

BOEM sees limited potential for tidal, wave, offshore solar in GOM

28 April 2020

Authorities & Government, Research & Development, Technology

The Bureau of Ocean Energy Management (BOEM) has released two new studies on renewable energy in the Gulf of Mexico. The National Renewable Energy Laboratory (NREL) researchers helped undertake these studies, funded by BOEM’s Environmental Studies Program. Offshore Renewable Energy Technologies in the Gulf of Mexico study analyzed different technologies best suited for development in […]

Equinor to acquire rights in YPF’s CAN 100 block off Argentina

21 August 2019

Norwegian oil company Equinor has entered an offshore exploration partnership with Argentina’s YPF for work in the CAN 100 block.

Turkey: APM Terminals, Petkim Announce Cooperation Agreement

15 February 2012

A new project was launched on prospective development of Petkim petrochemical holding being the largest asset of SOCAR in Turkey. On February 13, Petkim and Dutch-based APM Terminals signed a cooperation agreement in Istanbul on long-term operation of Petkim Port. The agreement was signed by head of Board of Directors on behalf of Petkim […]

Alstom Gets Contract for Labrador-Island Transmission Link

25 August 2014

Business & Finance, Project & Tenders

Nalcor Energy awarded Alstom a ±350 kV bi-pole HVDC (LCC) turnkey contract to design, supply, and install a point-to-point HVDC solution for the Labrador-Island Transmission Link. The contract includes the following features: Two LCC (Line Commuted Converter) stations, near Muskrat Falls and Soldiers Pond near St. John’s, to convert alternating current into direct current, and […]

Chevron Hires Seadrill’s West Tellus to Work in China

22 July 2013

Business & Finance, Project & Tenders

Seadrill Limited has signed a contract with Chevron China Energy Company for the newbuild ultra-deepwater drillship West Tellus in support of Chevron’s affiliated global exploration program. The contract commences in China immediately upon shipyard delivery and thereafter relocates to Liberia. The agreement is for a period of 180 days with revenue potential of approximately US$150 […]

BP to Sell Its 34.3 Pct Interest in Yacheng Field (China)

19 December 2012

Business & Finance, Operations & Maintenance

BP today announced that it has agreed the sale of its 34.3 per cent interest in the Yacheng gas field in the South China Sea to Kuwait Foreign Petroleum Exploration Company (KUFPEC) for $308 million cash. Subject to regulatory, CNOOC and third party approvals, BP expects the deal to close in the second half of […]

Engie appoints new regional CEO

3 June 2016

Business & Finance

French company Engie, previously known as GDF SUEZ, has appointed a new CEO for its Middle East, South & Central Asia and Turkey (MESCAT) business unit. Coming into effect in September 2016, Sébastien Arbola will take over over from Guy Richelle, who assumed these responsibilities on an interim basis, in addition to his role as ENGIE Business Development Oversight […]

Oceanteam defers interest payments

24 October 2016

Business & Finance

Norwegian-Dutch offshore service provider Oceanteam informed on Sunday it will not meet its interest payments on the senior unsecured bond due on Monday, October 24, 2016. This information was preceded by Oceanteam’s initial talks with banks last week kicking off the company’s planned capital restructuring. As part of the financial restructuring that was announced on October […]

Scorpio Bulkers Secures Loan

7 November 2014

Business & Finance

Dry bulk shipping company Scorpio Bulkers, Inc. has received a commitment from ABN AMRO Bank N.V. for a loan facility of up to USD 39.6 million. The facility was arranged by ABN AMRO Bank N.V., the Netherlands, with insurance cover to be provided from the China Export & Credit Insurance Corporation (Sinosure). Scorpio said that […]

Venezuela: Former President Sees PDVSA’s LNG Export Plan as Implausible

18 July 2011

Research & Development

Plans by Venezuelan state oil company PDVSA to export LNG produced from large offshore reserves are a non-starter due to the country’s ongoing gas deficit, the company’s former president Luis Giusti told BNamericas. “I don’t believe it. They can’t even meet their own demand. If you look at the western side of the country, […]

TotalEnergies evaluating flow test results for potential commercial oil development off Namibia

28 September 2023

Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

TotalEnergies has made progress with its multi-well appraisal and exploration drilling program in Namibia, which is being carried out with two rigs.

Portland’s (LPD 27) Sponsor Tours Ingalls Shipbuilding

24 October 2013

Huntington Ingalls Industries’ Ingalls Shipbuilding division hosted Gen. James Amos, commandant of the U.S. Marine Corps, and Bonnie Amos Tuesday to meet with shipbuilders on the amphibious transport dock Portland (LPD 27). Mrs. Amos is the ship’s sponsor. “Today, I thanked the Ingalls shipbuilders who are building LPD 27, and I got a promise from […]

USA: El Paso Pipeline Partners Provides 2011 Outlook, Expects Continued Growth

28 January 2011

El Paso Pipeline Partners today announced its financial and operational outlook for 2011. “In only three years from our initial public offering, El Paso Pipeline Partners has increased its quarterly distributions to unit holders by more than 50 percent and is now one of the 10 largest publicly traded master limited partnerships,” said Jim Yardley, […]

EU Offshore Wind Strategy Coming in 2020

11 December 2019

Authorities & Government, Business & Finance

The European Commission plans to present the European Union’s strategy on offshore wind in 2020, according to the indicative timeline set out in the just-released The European Green Deal. The European Green Deal is a roadmap on how to make Europe the first climate-neutral continent by 2050. Increasing offshore wind production will be essential, building […]

USA: Repaired FSF-1 Catamaran ‘Sea Fighter’ Leaves Austal Shipyard

15 March 2012

Austal USA, in conjunction with prime contractor, BAE Systems Southeast Shipyards Alabama, has completed a 4-month drydock and shipyard availability for the “Sea Fighter” (FSF-1) based out of Panama City, Florida. The “Sea Fighter” is an aluminum catamaran operated by the Office of Naval Research (ONR) that has been used to test technologies for the […]

Austal: Main Engine Light Off on Combat Ship Coronado Completed (USA)

25 October 2012

Business & Finance

On October 5, 2012, Austal completed main engine light off of the two MTU 9,100kW 20V 8000 M71 propulsion diesel engines and the two 22,000kW GE LM2500 gas turbine engines on the 127-meter Littoral Combat Ship Coronado (LCS 4). The light-off of the main engines follows the fuel load and the testing of all four […]

USA: GSA Urged To Spur Alternative Fuel Vehicles in USD 1.5 Bln Contract for Deliveries

26 June 2013

An upcoming five-year government-wide contract for package delivery services is a prime opportunity for the Obama Administration to make good on commitments to reduce America’s oil dependence and cut greenhouse gas emissions related to contract transportation services, said the American Clean Skies Foundation (ACSF), a Washington, D.C. non-profit group. In a June 24 letter to the General Services Administration […]

Most Read News of the Year 2013

31 December 2013

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