10000 results found for 'progress'

10000 results found for 'progress'
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  • E.ON Pulls Out of Pelamis Wave Energy Project (UK)

    3 July 2013
    Business & Finance, Equipment, Operations & Maintenance, Research & Development

    The German power company E.ON is pulling out from its joint project with Pelamis Wave Energy to test one of the company’s wave energy converters at the European Marine Energy Centre. The main reason for E.ON’s pulling out from the project is delays in wave technology progress, as BBC reports. Pelamis Wave Energy announced that […]

  • China: Cosco Cuts Steel for Axis Offshore’s New Accommodation Unit

    1 March 2013
    Business & Finance

    Axis Offshore celebrated with Cosco a steel cutting, held according to the construction schedule on 28th February 2013, for the first semi-submersible accommodation unit. The Axis Offshore site team manager, Mr. Magnus Olsson, congratulated the yard project manager, Mr. Wang Jianqiang, on the planned progress made by Cosco. This rig, which is worth over US$200 […]

  • New Zealand: Dredging at Sandspit Marina Starts

    16 June 2014
    Business & Finance, Equipment, Technology

    The Sandspit Marina dredging program has begun and the first of five pontoon arms will be installed in August. “Our crew in Sandspit have been working hard for two months to fabricate the pontoon modules for Arms A and B of the Sandspit Marina,” announced Pacific Pontoon, one of the contractors. Fabrication of Stage One […]

  • Gazprom to Sign Contract on Gas Purchase from SeverEnergia (Russia)

    18 February 2011

      Rome hosted a working meeting between Alexey Miller (picture), Chairman of the Gazprom Management Committee and Paolo Scaroni, Chief Executive Officer of Eni. The parties addressed the prospects for bilateral cooperation and the current status of joint projects. Special attention was paid to the South Stream project implementation. In particular, the meeting addressed the […]

  • PNG: Oil Search Updates on Trapia 1 ST1 Well

    30 August 2012

    Oil Search reports that as at 06:00 PNG time on 30 August, the Trapia 1 ST1 well was at a depth of 2,284 metres and drilling ahead in a 12-¼” hole. Drilling progress for the week was 429 metres. The Trapia prospect is located approximately 13 kilometres east of the Angore gas field and 23 […]

  • Hyperdynamics Restarts Offshore Guinea Drilling

    28 December 2011
    Business & Finance

    Hyperdynamics Corporation today announced it has resumed drilling operations on the Sabu-1 exploration well in its concession offshore the Republic of Guinea in West Africa. Drilling recommenced from a point 1,440 meters subsea and is planned to continue to a total depth of 3,600 meters. Hyperdynamics plans to continue to provide progress updates. Hyperdynamics operates […]

  • Russia: Gazprom Promotes Shipbuilding in Murmansk Oblast

    11 August 2011
    Business & Finance

    Murmansk hosted Wednesday a working meeting between Alexander Ananenkov, Deputy Chairman of the Gazprom Management Committee and Dmitry Dmitrienko, Governor of the Murmansk Oblast. The parties discussed the prospects for developing the regional shipbuilding sector placing an emphasis on a possible rise in orders on shipbuilding and offshore platforms construction taking into account intense development […]

  • WPCAP exploring ways to scale up shore power worldwide

    30 May 2022
    Business Developments & Projects, Outlook & Strategy, Research & Development

    World Ports Climate Action Program (WPCAP), a working group that focuses on taking actions against climate change in the maritime sector, has provided updates on current progress and made agreements on how to proceed with the various processes, especially the development of shore power and alternative fuels.

  • Developing new sustainability framework for Port of Melbourne

    24 December 2021
    Business Developments & Projects

    Port of Melbourne published its 2021 Sustainability Report a couple of days ago, outlining their sustainability progress over the 2021 financial year.  “This year, we have continued to progress the Port Development Strategy, completing rehabilitation works at Swanson Dock East and undertaking planning for similar works at Swanson Dock West,” said Saul Cannon, Chief Executive Officer (CEO) […]

  • UK: BG Group 2Q Profit Soars on High Gas Prices

    26 July 2011

    BG Group announced that its revenue and other operating income in 2Q increased by 26% to $5 115 million, reflecting the benefit of higher commodity prices and a 3% increase in E&P production, with solid operational performance across the Group’s assets. As a result of the above and a lower exploration charge in the quarter, […]

  • Shell Announces Fourth Quarter and Full Year 2010 Results (The Netherlands)

    3 February 2011

      At 07.00 GMT on Thursday 3 February, 2011 Royal Dutch Shell plc released its fourth quarter and full year 2010 results and fourth quarter interim dividend announcement for 2010. Royal Dutch Shell Chief Executive Officer Peter Voser commented: “Our 2010 earnings increased substantially from 2009 levels, driven by improving industry fundamentals, and Shell’s production […]

  • First oil from ‘world class’ Gulf of Mexico project on track for mid-2025 as FPU nears completion

    7 January 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    U.S.-headquartered LLOG Exploration is closing in on the first oil production from a deepwater project in the U.S. Gulf of Mexico as a floating production unit (FPU) destined for work at this oil development achieves refurbishment progress, which is expected to be wrapped up soon.

  • Subsea 7 Profit Declines

    29 July 2015
    Business & Finance, Operations & Maintenance

    Subsea 7 announced revenue for the second quarter 2015 of $1.4 billion, a decrease of $553 million or 29% compared with Q2 2014.  Adjusted EBITDA for the quarter was $275 million, a decrease of $178 million compared to Q2 2014. Adjusted EBITDA margin was 20%, compared with 24% in Q2 2014. The reduction in Adjusted EBITDA reflected the […]

  • With amendments in place, funding solution secured for UK North Sea gas project

    4 December 2023
    Business & Finance, Business Developments & Projects, Project & Tenders

    Hartshead and RockRose have reached an agreement to amend the farm-out agreement and joint operating agreement (JOA).

  • SacOil and Partners Begin 3D Seismic OBC Survey Off Nigeria

    10 March 2014
    Business & Finance, Operations & Maintenance

    SacOil, the South African based independent African oil and gas company, provides an update on its on-going operational activities in Nigeria and Malawi. Satisfactory progress has been made across the existing portfolio of exploration and appraisal assets. The Company also continues to evaluate a number of opportunities to secure new value accretive acreage in established […]

  • Worthington Energy Installs Pipeline at I-1 Well (USA)

    16 August 2012
    Business & Finance

    Worthington Energy, Inc., an energy company engaged in the acquisition, exploration, development and drilling of oil and natural gas properties, reports that the Company continues to make significant progress on the I-1 Well project, located in shallow waters of the U.S. Gulf of Mexico, in the Mustang Island area offshore Texas. Over the past week […]

  • Bergen Group Eyeing New Owner for Its Rosenberg Division (Norway)

    4 February 2013
    Business & Finance

    Bergen Group ASA is currently in the process of reviewing major structural changes in the Group’s offshore division. As previously announced, the Group has been looking to strengthen the engineering capacity of the division, a process which has developed into specific discussions about the introduction of an external owner in Bergen Group Rosenberg. “We have […]

  • UK: Babcock to Exceed USD 109 Million in Savings Thanks to WSMI Agreement with MoD

    2 August 2011

    Babcock has achieved a score of 90% in the two year review of the four year Warship Support Modernisation Initiative (WSMI) partnering agreement between Babcock and the Ministry of Defence (MoD) at Devonport. The review findings demonstrate Babcock’s ability to work successfully with the MoD not only in being on track to deliver the £67 […]

  • PNE WIND AG Achieved EBIT of 7.9 Million Euros (Germany)

    8 November 2010

    The wind farm developer, PNE WIND AG, continued on its successful course during the first nine months of the 2010 financial year. The company was able to increase the operating result (EBIT), the definitive key value for the wind farm project developer, to 7.9 million euros after having posted an EBIT of 5.1 million euros […]

  • UK to chart course for greener maritime sector with upcoming innovation hub

    23 September 2025
    Authorities & Government, Innovation, Transition

    In a bid to speed up innovation and ramp up decarbonization efforts, the United Kingdom is set to launch a UK Maritime Innovation Hub. As informed, the country plans to launch the hub, which will be hosted by the Maritime and Coastguard Agency (MCA), in April 2026. The innovation hub was initially unveiled earlier this […]

  • Aibel kicks off construction of first Dvalin module

    4 August 2017
    Project & Tenders

    Norwegian oil services company Aibel has started construction of the first of two modules for the DEA-operated Dvalin project, formerly known as Zidane, located in the Norwegian Sea.  The two modules will enable the Statoil-operated Heidrun platform to receive production from Dvalin. DEA, the operator of the Dvalin field, submitted the Plan for Development and Operation […]

  • EnQuest: Kraken oil production reaches 40.000 barrels a day

    30 November 2017
    Infrastructure, Project & Tenders

    The EnQuest-operated Kraken development in the UK North Sea has been producing “above expectations” with production reaching 40,000 bopd in November.

  • Equinor to take over operatorship of Soliton’s UK North Sea license

    26 July 2019

    Soliton Resources, a privately held oil and gas exploration company, has farmed out its UK Central North Sea Licence P2390 (Blocks 23/26e and 30/1d) to Equinor UK.

  • Shell farm-in moving forward after Egdon gains extension for UK licences

    8 June 2020
    Authorities & Government, Business Developments & Projects, Project & Tenders, Regulation & Policy

    The UK’s Oil and Gas Authority (OGA) has granted extensions for Egdon Resources’ P1929 and P2304 licences offshore the UK.

  • KBR secures FEED contract for Culzean platform

    22 May 2014

    The Maersk Oil UK-operated Culzean project, one of the largest gas discoveries of recent years in the UK North Sea, has taken a significant step forward. Maersk Oil UK and its co-venturers JX Nippon Exploration and Production (UK) Limited and Britoil (BP) have chosen a new standalone facility to develop the discovery: a complex of […]