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CGX Energy to Drill Two Wells Under New Corentyne PA (Guyana)

29 November 2012

CGX Energy Inc. has transitioned to a new Corentyne petroleum agreement (“Corentyne PA”) and petroleum prospecting license (“Corentyne PPL”) offshore Guyana effective as of November 27, 2012, renewable after four years for up to ten years. The new Corentyne PA applies to the former offshore portion of the Corentyne PPL, covering 6,212 square kilometres. The […]

Production Resumes from Elgin/Franklin Area (UK)

11 March 2013

Business & Finance

French oil major Total announces the restart of production on the Elgin/Franklin area in the UK North Sea on 9 March 2013, following the approval of the safety case by the UK Health and Safety Executive (HSE). Production resumes gradually and should soon reach close to 70,000 barrels of oil equivalent per day (boed; approximately […]

Santos completes Victorian gas assets sale

10 January 2017

Australia’s Santos has completed the sale of all Victorian gas assets offshore Australia, except for the 10 pct interest in the Minerva asset, to compatriot Cooper Energy. Santos agreed to sell its Victorian assets to Cooper Energy for cash consideration of up to A$82 million ($60.4 million in current exchange rate) in October 2016. This means […]

Singapore: Swiber Reports 98.4 pct Net Profit Increase in Third Quarter 2011

14 November 2011

Business & Finance, Operations & Maintenance

Swiber Holdings Limited , a world class integrated construction and support services provider to the offshore oil and gas industry today reported a 98.4% increase in net profit to US$15.9 million for the three months ended September 30, 2011 (“3Q2011”), in tandem with a 12.5% increase in revenue to US$137.7 million over the same period. […]

Nordic Yards Hands Over New Offer for P+S Werften

8 April 2014

Business & Finance

Following further constructive discussions with the insolvency practitioner, the Nordic Yards shipyard group handed in a new, improved offer for the Stralsund maritime facility on Friday, April 4th 2014. “Shipbuilding remains an industry of the future with high growth rates in the markets in which Nordic Yards is represented: offshore wind, offshore oil & gas […]

Four New Ships Will Join Carnival’s Fleet in 2018

19 December 2017

Business & Finance

Miami-based cruise company Carnival Corporation & plc will welcome four new ships into the fleet in 2018.

USA: AKPS Enters into Binding Agreements to Sell Two Product Tankers

21 August 2012

Aker Philadelphia Shipyard ASA has announced that certain wholly owned subsidiaries of AKPS and Crowley Petroleum Services, Inc. (CPS) have entered into binding agreements which will result in the sale of two product tankers by Aker Philadelphia Shipyard, Inc. (APSI) to Crowley Tankers, LLC (CT). These vessels are designated as APSI Hulls 017 and 018. […]

USA: Crowley To Purchase Two Product Tankers from ASA

21 August 2012

Business & Finance

Aker Philadelphia Shipyard ASA has announced that certain wholly owned subsidiaries of AKPS and Crowley Petroleum Services, Inc. (CPS) have entered into binding agreements which will result in the sale of two product tankers by Aker Philadelphia Shipyard, Inc. (APSI) to Crowley Tankers, LLC (CT). These vessels are designated as APSI Hulls 017 and 018. […]

UAE: Port Rashid to Become Middle East’s Largest Cruise Terminal

26 October 2011

Business & Finance

Global marine terminal operator DP World today announced it is expanding Port Rashid cruise terminal facilities to continue its leading position as the largest cruise centre in the Middle East. Port Rashid sits at the heart of Dubai city. Its Dubai Cruise Terminal currently has capacity to serve two ocean-going cruise ships at the […]

Logistics Will Present Great Hurdle for Offshore Wind Power (Germany)

26 January 2012

Offshore wind report shows: infrastructure and logistics know-how need to develop significantly to ensure the turnaround towards renewable energy production. The plan of the German government to increase renewable energy pro-duction includes the goal of a production capacity from offshore wind parks of 10 gigawatts until 2020 to replace the national nuclear power production. Currently […]

Belgium: Wind Industry Grows Twice as Fast as EU Economy

16 April 2012

The wind energy industry increased its contribution to the EU’s gross domestic product (GDP) by 33% between 2007 and 2010. In 2010, the industry’s growth was twice that of the EU’s GDP overall, with the sector contributing €32 billion to an EU economy in slowdown. Key figures from the ‘Green Growth’ report released today by […]

Germany: Upcoming Conference to Focus on Offshore Wind Capital Expenditure

17 July 2013

Business & Finance

The European offshore wind sector installed 277 turbines, with a capacity of 1045MW in the first half of 2013 according to a report by the European Wind Energy Association. However, despite this growth the industry has noticed a slowdown in investments in new projects. This slow down can be attributed to the high cost of […]

Germany: Upcoming Conference to Focus on Offshore Wind Capital Expenditure

17 July 2013

Business & Finance

The European offshore wind sector installed 277 turbines, with a capacity of 1045MW in the first half of 2013 according to a report by the European Wind Energy Association. However, despite this growth the industry has noticed a slowdown in investments in new projects. This slow down can be attributed to the high cost of […]

BWE: Amendments to German EEG Not Addressing what Energiewende Needs

20 March 2014

Authorities & Government

The German Wind Energy Association (BWE) has stated its position on proposed amendments to the Renewable Energy Act (EEG), saying that they are not addressing what the Energiewende needs. “Despite a large majority in the Bundestag and the Bundesrat, the German government apparently lacks the courage to give the Energiewende new momentum. Now that renewables […]

Fleet Pond Restoration Scheme Wins Engineering Award (UK)

9 July 2013

The partnership team behind the Fleet Pond Restoration Project in Hampshire are celebrating after being awarded a top engineering award by the Institute of Civil Engineers. The project – a £250,000 scheme to improve water quality at Fleet Pond, Hampshire’s largest fresh water lake and a Site of Special Scientific Interest – won the Sustainability […]

Initiative to curb methane emissions extends its member base as UK firm enrols

6 July 2022

Business & Finance, Business Developments & Projects, Collaboration, Environment, Outlook & Strategy, Project & Tenders, Transition

Neptune Energy has backed an industry initiative, aiming to remove methane emissions from the oil and gas sector by 2030.

UK: Tekmar Invests in New Facility and Job Creation

10 May 2013

Business & Finance, Operations & Maintenance

Tekmar, the leading subsea technology company, has announced a £1million investment programme, which will more than treble the size of its North East England facility and create in excess of 30 new jobs. The Newton Aycliffe-based company is the market leader for the supply of offshore wind cable protection systems and will use this growth […]

DP World adds three new terminals to Green Marine program to support sustainability

22 November 2024

Collaboration

UAE-based logistics major DP World has expanded its Green Marine membership by adding the Vancouver, Nanaimo, and Saint John terminals to the program.

Cheniere starts permitting process for Sabine Pass LNG expansion

23 February 2023

Authorities & Government, Business Developments & Projects, Infrastructure, Outlook & Strategy, Regulation & Policy, Research & Development

Cheniere Energy Partners, a subsidiary of Cheniere Energy, has initiated permitting process for the expansion of LNG export capacity at the Sabine Pass terminal located in Cameron Parish, Louisiana. Cheniere announced on 23 February that the pre-filing review process has been initiated under the National Environmental Policy Act with the Federal Energy Regulatory Commission (FERC) […]

Cortus Energy, Glocal Green plan production of renewable methanol for shipping

3 June 2022

Business Developments & Projects, Collaboration, Outlook & Strategy, Technology, Transition, Vision

Swedish green technology company Cortus Energy has entered into a term sheet with the Norwegian company Glocal Green AS after completing technical verification of gasification of forest residues for the production of renewable methanol for shipping.

Ocean Power, Lockheed Martin to Develop Wave Project in Australia

12 July 2012

Business & Finance, Equipment, Research & Development

Ocean Power Technologies, Inc., a leading wave energy technology company, and Lockheed Martin have entered into a teaming agreement with the goal of developing a 19 megawatt wave-energy project in Victoria, Australia. This is one of the largest wave-energy projects announced to date, and leverages a grant from the Commonwealth of Australia. For the project, […]

Massive North Field to boost Qatar’s LNG output by 64 pct

26 November 2019

The contribution from Qatar’s giant North Field in the Persian Gulf is expected to boost Qatar’s LNG production to 126 million tons per annum by 2027. This is a 64% increase from the current 77 mtpa, Qatar Petroleum said Monday.