10000 results found for 'progress'

10000 results found for 'progress'
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  • Australia: Land-Based Site Surveys Underway at Port of Hastings

    13 February 2014
    Business & Finance, Equipment, Technology

    The next package of site investigations for the Port of Hastings container expansion are now underway with the start of the land-based site surveys program this week, Minister for Ports David Hodgett announced today. “The land-based site surveys, as well as the marine site surveys and summer environmental sampling programs currently underway, will allow the […]

  • MPS Gets Funding Boost for Wind and Wave Tech Development

    25 November 2019
    Business & Finance, Research & Development

    Marine Power Systems (MPS) has secured £4.3 million grant by the European Regional Development Fund to accelerate the development of a floating offshore wind and wave technology that could transform the opportunities for energy generation in deep water locations. The EDRF funding, which is part of a £6.2 million project under the Cornwall and Isles […]

  • South Stream Gas Pipeline Construction Advances Steadily

    15 November 2013
    Business & Finance, Operations & Maintenance

    The Gazprom Management Committee took note of the information concerning the progress with the South Stream gas pipeline construction. It was pointed out that the project was advancing steadily. Intensive efforts are being made in all of the countries to be crossed by the gas pipeline. For instance, as part of the offshore construction process […]

  • BP’s second quarter profit slips on lower oil prices

    26 July 2016
    Business & Finance

    UK oil giant BP on Tuesday posted a lower profit for the second quarter of 2016 of $720 million on an underlying replacement cost basis, compared with $1.3 billion for the second quarter of 2015. According to the oil company, compared with a year earlier, the underlying second quarter result was impacted by lower oil and […]

  • UAE: Lamprell on Track to Deliver Windcarrier 2

    31 January 2013

    As scheduled, Lamprell had its naming ceremony for the Windcarrier 2 project on 19 January 2013, with various members of the senior management from the customer, Fred Olsen, present. The Windcarrier 2 vessel left the Jebel Ali facility within the last few days and has commenced its final sea trials prior to completion. The Group […]

  • Santos and another oil firm pooling resources for CCS project off Timor-Leste

    7 August 2023
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Outlook & Strategy, Project & Tenders, Transition

    Santos inked a memorandum of understanding with TIMOR GAP to explore partnership opportunities for the proposed CCS project in the Timor Sea.

  • GMS CEO quits after guidance reset

    23 August 2019
    Business & Finance, Exploration & Production

    Offshore oilfield contractor Gulf Marine Services’ (GMS) chief executive officer Duncan Anderson has resigned as the company now expects lower 2019 earnings compared to 2018.

  • USA: Magnolia LNG Project on Track

    9 October 2013

    Liquefied Natural Gas Limited provided a general update on the development progress of its wholly owned 8 million tonnes per annum (mtpa) Magnolia LNG Project (MLNG), in Louisiana, US. The MLNG Project is held through the company’s indirect 100% owned US subsidiary, Magnolia LN (MLNG) and is being designed to comprise four LNG trains, each of 2 mtpa […]

  • New Zealand: Bad Weather Disrupts Rena Salvage Activities

    1 June 2012

    High winds and swell out at the reef this week have caused some disruption to salvage activities, with Smit Borneo forced to remain on standby yesterday. Changes in the conditions this morning are expected to allow Smit Borneo to move closer to the wreck today. As a result of heavy swells flooding the breached holds […]

  • Ichthys FPSO leaves South Korea shipyard

    17 July 2017
    Infrastructure

    The Ichthys Venturer, an FPSO destined for the Inpex-operated Ichthys field in Australia, has left the shipyard in South Korea. According to the FPSO’s AIS data, provided by Marine Traffic, the Ichthys Venturer left the Daewoo Shipbuilding & Marine Engineering shipyard over the weekend and is now located in South Korea’s waters with restricted manoeuvrability. […]

  • SBM Offshore takes slice of Ocean-Power ownership pie

    7 January 2025
    Business & Finance, Business Developments & Projects, Transition

    On a mission to boost its decarbonization arsenal, SBM Offshore has become the owner of a minority stake in Norway’s Ocean-Power.

  • Cooper Energy gives nod for Sole field development

    29 March 2017
    Project & Tenders

    Cooper Energy’s board of directors has given a nod for the Sole offshore gas project in Australia to proceed. The company said that finalization of financing has started with a fully underwritten equity raising some $151 million. The project will develop the Sole gas field located in VIC/ L32 in the Gippsland Basin offshore Victoria to […]

  • Hurricane’s Lancaster pilot well confirms oil presence

    9 September 2016

    UK-based oil and gas exploration company Hurricane Energy has completed drilling of the pilot well at its Lancaster field west of Shetland Islands, confirming oil presence. The well, located in license P1368 Central in which Hurricane has a 100% interest, had been drilled using the Transocean Spitsbergen drilling rig. The 205/21a-7 pilot well is the first in […]

  • LA, Long Beach Ports Approve New Clean Air Strategies

    3 November 2017

    The governing boards of the ports of Los Angeles and Long Beach have approved the 2017 Clean Air Action Plan (CAAP) Update, ushering in a new era of clean air strategies for moving cargo through the nation’s busiest container port complex. Building on the clean air gains achieved since the ports adopted the CAAP in 2006, […]

  • Carbon Trust Helping Develop Nagasaki RE Testing Centre

    23 February 2016
    Business & Finance, Human Capital, Research & Development, Technology

    The Carbon Trust is working as part of a consortium set up to progress the development of a tidal and floating wind energy test centre in the Nagasaki Prefecture, Japan. The Nagasaki Prefecture has been identified as a potential location for the offshore renewable test site, to not only take advantage of the region’s abundant […]

  • Westwood: Future of UK’s bountiful hydrogen pipeline rests on government shoulders

    7 March 2023
    Business Developments & Projects, Market Outlooks, Outlook & Strategy, Transition

    In its latest hydrogen whitepaper, Westwood Global Energy, an energy market research and consultancy firm, warns that lack of certainty in government policy could hinder the progress of projects in the UK’s hydrogen pipeline. Westwood’s Hydrogen Scale-up white paper, which explores the key factors priming hydrogen for success in the UK, highlights 45 projects in […]

  • Offshore wind shines bright for Fugro yet again

    23 February 2023
    Business & Finance, Business Developments & Projects, Outlook & Strategy, Project & Tenders

    Fugro has reported a revenue of €1.76 billion for the whole year of 2022, representing a 14.8 per cent growth in comparison to 2021, said to be due to a 42 per cent increase in offshore wind. Infrastructure and oil & gas were also up, with 7 per cent and 9 per cent respectively. Marine […]

  • Breaking ground: Maersk reveals design details of its methanol-powered feeder

    21 March 2023
    Green Marine, Innovation, Outlook & Strategy, Transition, Vessels

    Maersk, the Danish container shipping major, has announced the design details of its first methanol-powered vessel. The company shared photos of the vessel’s design on its social media channels, showing off the feeder vessel from multiple angles. This is a significant milestone for the company and the industry at large as the vessel is expected […]

  • Teck teams up with Norden to cut its carbon footprint

    16 August 2023
    Business & Finance, Business Developments & Projects, Collaboration, Environment, Green Marine, Market Outlooks, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition, Vessels

    Danish shipping company Norden has inked a deal with Teck Resources Limited, one of Canada’s largest mining companies, to reduce CO² emissions in Teck’s steelmaking coal supply chain.  The agreement is expected to reduce annual emissions from Teck shipments handled by Norden by 25%, or up to 6,700 tonnes of CO², equivalent to removing over 1,400 […]

  • ‘World’s first’ ammonia dual-fuel Aframaxes ordered by MISC

    19 April 2024
    Business Developments & Projects, Infrastructure, Vessels

    Malaysia’s shipowner MISC has ordered and chartered out, via its petroleum arm AET, ‘the world’s first’ two ammonia dual-fuel Aframaxes.

  • Trans Adriatic Pipeline Secures €3.9B Project Financing

    14 January 2019
    Business & Finance, Operations & Maintenance

    Trans Adriatic Pipeline project (TAP) has completed financial close in December 2018, securing € 3.9 billion – the largest project finance agreed for a European infrastructure project in 2018. Luca Schieppati, TAP’s managing director, said: “With the financial close now achieved, TAP has reached another major milestone of the project’s progress. TAP has voluntarily committed […]

  • New Research Supports Tidal Power Development (UK)

    20 January 2014
    Business & Finance, Research & Development

    New research from a global group of scientists and engineers, including from the University of Southampton, has been published in a special issue journal of the Royal Society. The work is in support of tidal power, which has the potential to provide more than 20 per cent of the UK’s electricity demand. In order to […]

  • New Methods for Predicting Wave Power to Double Energy Output (UK)

    23 August 2012
    Business & Finance, Research & Development

    A team of researchers from Israel and the United Kingdom has discovered that energy produced from the planet’s oceans can increase twofold when novel methods for predicting wave power are used. Presented in the journal Renewable Energy, the results could help scientists drive and make marine renewable energy research an optimal source of power. The […]

  • Wheelhouse puts stress on UK post-CfD2 asking fairer system

    18 September 2017
    Authorities & Government, Business & Finance, Environment, Research & Development, Technology

    In the aftermath of the CfD2 allocation round, Scotland’s Minister for Business, Innovation and Energy Paul Wheelhouse said the pressure on the UK government to commit to a fairer system for emerging technologies will be continued.

  • Statoil Delivers Strong Earnings from International Portfolio

    25 July 2013
    Business & Finance, Operations & Maintenance

    Statoil’s second quarter 2013 net operating income was NOK 34.3 billion. Adjusted earnings were NOK 38.0 billion. “Statoil delivered an operationally solid quarter. We produced as planned, delivering record production from our portfolio outside Norway. We are on track and maintain our guidance for 2013,” says Helge Lund, Statoil’s president and CEO. “Our financial results […]