10000 results found for 'progress'

10000 results found for 'progress'
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  • 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 […]

  • 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) […]

  • 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 […]

  • 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, […]

  • 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.

  • 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 […]

  • 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 […]

  • Coromandel: Mitigating Beach Erosion at Flaxmill Bay

    13 March 2019
    Business & Finance

    Work is progressing on options to mitigate beach erosion at Flaxmill Bay, as part of a wider program of work to protect the Coromandel coastline, the Thames-Coromandel District Council reports. A combination of king tides and an extreme weather event last July last caused significant erosion at Flaxmill Bay and Cooks Beach, and the council […]

  • Scottish Liberal Democrats Welcome Tidal Turbine in Orkney

    18 May 2012
    Business & Finance, Research & Development

    Commenting as Scottish Power announces the completion of successful initial testing of an underwater tidal turbine in Orkney, Scottish Liberal Democrat Energy spokesperson Liam McArthur MSP said: “This is further proof of the impressive progress being made in marine renewables and hopefully a stepping stone to yet more success. “It also illustrates the invaluable role […]

  • Songa Offshore: Cat D refinancing influences 4Q results

    17 February 2014
    Business & Finance

    Songa Offshore SE reports operating revenue for the fourth quarter of USD 154.3 million and an EBITDA of USD 59.8 million. Net loss for the quarter was USD 137.3 million including the recognition of an impairment charge for Songa Mercur and Songa Venus of USD 72.3 million in the quarter, and non-recurring cost of USD […]

  • Australia: Carnegie Releases Quarterly Report

    31 October 2013

    During the quarter Carnegie Wave Energy Limited focused on progressing its Perth Wave Energy Project (the Perth Project) with all key elements of the Project ordered, components being manufactured, and commencement of onshore site works. Highlights from the quarter include: Completed manufacture and delivery of structural foundation piles and installation aids for the Perth Project […]

  • US LNG developer NextDecade appoints CCO

    24 October 2018

    US LNG export project developer, NextDecade said Tuesday it has appointed Erik Ludtke as chief commercial officer. The appointment is effective November 1, 2018. Ludtke will be responsible for developing and managing the natural gas supply portfolio, the midstream assets, and the commercial operations required to provide NextDecade’s customers with LNG from its Rio Grande […]

  • Enbridge CEO calls on Canada to boost support for LNG development

    9 October 2023
    Authorities & Government, Business Developments & Projects, Outlook & Strategy

    Greg Ebel, President and CEO of Canadian pipeline and energy company Enbridge, has urged Canada to show leadership to the world in lowering global emissions, reducing energy poverty and supporting the progress of Indigenous communities in the country. In an address to the Toronto Region Board of Trade, Ebel reportedly stated that climate change is […]

  • Scaroni, Ramirez Discuss Perla Field Development (Venezuela)

    24 December 2012

    The Minister of Petroleum and Mines of Venezuela, Rafael Ramírez, and Eni’s CEO Paolo Scaroni, met today in Caracas to discuss joint activities and projects in the country. During the meeting, the two parties discussed the development of the giant Perla field, one of the world’s largest gas fields that has been discovered in recent […]

  • ACP Pending GUPC Report on Cocoli Lock Leak

    8 September 2015
    Business & Finance

    Panama Canal Authority (ACP) is now awaiting a formal report on the leakage from the newly constructed third set of locks of the long-awaited Panama Canal expansion project from the construction contractor Grupo Unidos por el Canal (GUPC), following detailed inspections. “The report will be inclusive of the root cause analysis conducted, as well as the […]

  • Kawasaki Heavy Industries Moves Merchant Ship Construction to China

    3 April 2017
    Business & Finance

    Japan’s Kawasaki Heavy Industries (KHI) is to shift merchant ship construction from Japan to China and reduce the scale of its domestic business by 30% while trying to establish itself as a specialist for gas carriers and gas-powered vessels. The move comes following a slump in the shipbuilder’s Ship & Offshore Structure segment in the past […]

  • Queensland Port Strategy Favours Gladstone

    11 June 2014
    Business & Finance

    Gladstone is ready to consolidate its position as Queensland’s industrial powerhouse following release of the new Ports Strategy for Queensland. Queensland Resources Council (QRC) Chief Executive Michael Roch said: ”The release of the Queensland Government’s Ports Strategy is an environmentally responsible and sustainable approach to future development in the five long-established Priority Port Development Areas (PPDAs). Gladstone […]

  • MeyGen Enters Construction Phase

    25 November 2014
    Business & Finance, Equipment, Operations & Maintenance

    After more than seven years of planning and design, Atlantis is now entering the construction phase of MeyGen’s first 6MW tranche of capacity in what the company believes to be the world’s larges planned tidal stream project. Now that the financing package has been agreed for the first four turbines, Atlantis entered into all the major construction […]

  • Cobalt slips deeper into red on Shenandoah impairment

    9 May 2017
    Business & Finance

    American oil company Cobalt International Energy sank deeper into the red during the first quarter of this year due to an impairment related to the Anadarko-operated Shenandoah discovery in the Gulf of Mexico in which Cobalt owns a 20% working interest.  The oil company on Monday posted a net loss of $306.3 million for the first quarter […]

  • GMS reports rise in revenue, profit. Thinking to expand fleet some more

    25 August 2015

    Gulf Marine Services (GMS), a UAE-based provider of self-propelled self-elevating support vessels (SESVs), on Tuesday reported a rise in its 1H 2015 revenue. Namely, GMS’ revenue was $98.2 million, up from $90.7 million a year ago. The company’s net profit also rose to $35 million, up from $33.1 million in the second half of 2014. Duncan […]

  • Investors pull back. IOG seeking funding alternatives

    10 August 2015

    Independent Oil and Gas plc (“IOG”), the UK North Sea focused oil and gas company, will have to look elsewhere for new funding, after one of its potential investors pulled out. IOG signed a Letter of Intent on May 27 with an internationally listed group with a multi-billion dollar market capitalisation for a $10m equity investment […]

  • Rosneft, Exxon Award Foster Wheeler with FEED Deal for Russian Far East LNG Project

    4 November 2013
    Business & Finance

    Foster Wheeler AG  announced today that a subsidiary of its Global Engineering and Construction Group has been selected by Rosneft and ExxonMobil to undertake the initial phase of the front-end engineering design (FEED) for a proposed Russian Far East liquefied natural gas (LNG) project. Foster Wheeler is one of two companies to be awarded separate […]

  • UK: Premier Oil plc Nears 75,000 boepd Target

    16 November 2010
    Business & Finance

    Premier’s 2010 Preliminary Results will be announced on Thursday 24th March 2011. A Trading and Operations Update is planned for Thursday 13th January 2011. HIGHLIGHTS * 2010 production guidance maintained at around 44 kboepd (2009: 44kboepd); we reiterate our targets of 75 kboepd in 2012 rising thereafter to 100 kboepd from existing reserves and resources […]

  • CNOOC revenues down

    29 October 2014
    Business & Finance

    In the third quarter, CNOOC Limited, recorded total net production of 103.0 million barrels of oil equivalent, basically flat year-on-year (YoY). Production growth in Bohai offshore China remained steady, while overseas production fell slightly primarily due to scheduled maintenance at the Buzzard oilfield in the UK North Sea. During the period, the Company made 1 […]