10000 results found for 'progress'

10000 results found for 'progress'
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  • UK: Vattenfall Signs Final Berth at EMEC to Test Pelamis Wave Energy Converter

    15 March 2012
    Business & Finance, Equipment, Operations & Maintenance

    Vattenfall announced that it had signed up the last remaining berth at the European Marine Energy Centre (EMEC), Scotland’s world leading ocean energy research and development centre on Orkney to test a Pelamis wave energy converter. Vattenfall’s announcement stated that they hope to start testing a Pelamis machine in 2014, and confirmed previous statements that […]

  • Norway: Det Norske Provides Third Quarter Results

    2 November 2012
    Business & Finance, Operations & Maintenance

    Det norske oljeselskap ASA reports an increase in contingent resources in the third quarter due to the Geitungen discovery, which now constitutes part of the Johan Sverdrup discovery. The Ivar Aasen project made good progress in the quarter, and Plan for Development and Operation (PDO) will be submitted this year. In the third quarter Income […]

  • Centrica Discovers Oil in Norwegian North Sea

    7 December 2011
    Business & Finance

    Faroe Petroleum announces that Centrica has completed a successful initial side-track well on the Butch oil discovery (Faroe 15%) located in the Norwegian North Sea. As announced on 18 October 2011, the Butch exploration well (8/10-4 S) encountered net oil pay of approximately 50 metres in the Upper Jurassic reservoir of the Ula formation and […]

  • Faroe’s appraisal well boosts Brasse volumes

    26 July 2017
    Equipment

    Faroe Petroleum has boosted its resources estimate for the Brasse discovery in the North Sea off Norway following the latest appraisal well results. The company on Wednesday said the 31/7-2S Brasse sidetrack appraisal well was a success, increasing the estimated recoverable resource volumes to between 56 and 92 mmboe (from 43 to 80mmboe). This comprises of […]

  • EWEA: UN Conference Overlooks the Rising Power of Wind and Other Renewables

    27 November 2013
    Environment

    As the UN Climate Change Conference in Warsaw ended on Saturday, EWEA’s Chris Rose made a comment about the event on the Associations blog: Another annual United Nations conference on climate change has ended and international negotiators once again failed to agree to a new treaty on reducing global greenhouse gas emissions from burning fossil […]

  • Ophir says Fortuna FLNG FID now expected in H2

    12 July 2017

    London-based Ophir Energy on Wednesday said it now expects to make a final investment decision on its Fortuna FLNG project in Equatorial Guinea in the second part of this year. Previously, Ophir and its partner, OneLNG, a joint venture between Golar LNG and Schlumberger, expected to make the final decision in mid-2017. “Given that the remaining […]

  • Interview: Most countries are struggling with Offshore Safety Directive implementation

    23 October 2015

    During last week’s Offshore Energy Exhibition & Conference (OEEC) 2015 in Amsterdam, Offshore Energy Today interviewed Mr. Rob Beks, Senior Consultant, Asset Risk Management at DNV GL, prior and in relation to Offshore Safety session, held on the second day of the conference. During this session, the topic of offshore safety was observed from different angles […]

  • Africa-bound FPSO going to BP’s massive gas project next quarter

    26 February 2024
    Business & Finance, Business Developments & Projects, Exploration & Production

    FPSO destined for the biggest project in BP’s portfolio is slated to embark on its journey toward the project site in 2Q 2024.

  • Port of Blyth’s largest oil & gas decom gig underway for three North Sea platforms

    1 September 2023
    Business & Finance, Business Developments & Projects, Heavy lifting, Project & Tenders

    Port of Blyth is embarking on its largest oil and gas decommissioning project to date, covering several topsides and jackets from three North Sea platforms

  • UK regulator tells industry to avoid delays that can harm business

    14 April 2022
    Authorities & Government, Business & Finance, Business Developments & Projects, Collaboration, Rules & Regulation, Transition

    UK’s regulator has reminded the industry of a need to avoid lengthy delays in transactions that can harm business and put off new investors.

  • Finnish-UK duo to harness wind power potential on new Aframax/LRII design

    6 June 2023
    Business Developments & Projects, Equipment, Innovation, Technology, Vessels

    UK tech provider Bar Technologies has joined forces with Finnish ship design and engineering firm Deltamarin to incorporate wind propulsion on a new build design, Aframax/LRII. 

  • Seven electricity interconnectors pass to next stage of Ofgem’s cap and floor window

    27 February 2023
    Business & Finance, Business Developments & Projects, Infrastructure, Outlook & Strategy, Project & Tenders, Regulation & Policy, Rules & Regulation

    UK energy market regulator Ofgem has decided that all electricity interconnector projects that submitted applications in its third cap and floor window will progress to the next phase. This third window was opened for electricity interconnectors able to start operations before the end of 2032 and the application period ran from 1 September 2022 until 10 […]

  • Keppel FELS Brasil Lands USD 200 Mln Topside Contract

    11 July 2012

    Keppel Offshore & Marine Ltd (Keppel O&M), through its subsidiary Keppel FELS Brasil, has secured a contract worth approximately US$200 million from MODEC and Toyo Offshore Production Systems Pte Ltd (MTOPS), a joint-venture company established in Singapore by Toyo Engineering Corporation (TOYO) and MODEC, Inc. The contract is for the fabrication and integration of topside […]

  • Drilling ops corroborate extent of Petrobras’ previous gas discovery offshore Colombia

    6 August 2024
    Business & Finance, Business Developments & Projects, Exploration & Production

    Petrobras has carried out drilling operations in the Tayrona Block off the coast of Colombia, which enabled it to substantiate and verify the size of a gas discovery made two years ago.

  • Trans Adriatic Pipeline secures $4.5 billion financing deal

    14 January 2019

    TAP secured project financing worth EUR 3.9 billion in December 2018 making it the largest financing agreement for a European infrastructure project in 2018.

  • ExxonMobil sees 3Q profit fall 49% on lower oil prices

    1 November 2019
    Business & Finance

    Exxon’s production grew three percent from the third quarter of 2018 to 3.9 million barrels per day.

  • UK: AGR Petroleum Services Announces New Management Appointment

    28 February 2011
    Business & Finance

      AGR Petroleum Services, the world’s largest independent well management company, has appointed a new manager to oversee and grow its global consultancy division. Kirsty Crook, who has been a part of AGR Consultancy Services for nearly a decade, has now been promoted to have global responsibility for the business unit. Her role sees her […]

  • Reach Subsea ‘very optimistic for years ahead’ as it reports record 2023 numbers

    14 February 2024
    Business & Finance, Business Developments & Projects, Market Outlooks, Outlook & Strategy, Project & Tenders

    Reach Subsea has reported record-high numbers for the fourth quarter of 2023 and the whole year, with all parameters driven by growth, improved pricing, and strong project execution. Reach Subsea’s revenue for Q4 2023 grew by 45% to NOK 474 million ($44.5 million), whereas EBIT grew by 130% to NOK 79.5 million ($7.4 million). Revenue […]

  • Equinor shareholders to vote on energy transition plan

    19 April 2021
    Business & Finance, Business Developments & Projects, Market Outlooks, Outlook & Strategy, Transition

    Equinor has informed that, starting in 2021, it will submit its energy transition plan for advisory vote to shareholders.

  • China: Caterpillar Announces Xuzhou Expansion Plans

    21 March 2012
    Business & Finance, Equipment, Technology

      Caterpillar Inc. announced today a new expansion project for the company’s manufacturing facility in Xuzhou, China. Once completed in 2016, it will increase hydraulic excavator production at Caterpillar Xuzhou Limited (CXL) by an additional 80 percent. Caterpillar also announced plans today to begin production of wheeled excavators at CXL beginning in early 2014, further […]

  • Eni’s 3Q Production Drops Due to Libyan Disruptions

    27 October 2011
    Business & Finance

    Eni announces results for the third quarter and the nine months of 2011. Adjusted operating profit: €4.61 billion in the quarter (up 12%); €13.71 billion in the nine months (up 9%); Hydrocarbon production still affected by the Libyan disruptions: down by 13.6% inthe third quarter of 2011 to 1.47 mmboe/d (down by 12.4% in the […]

  • Aurizon Finds Partners for West Pilbara Project

    11 September 2014
    Business & Finance

    American Metals & Coal International (AMCI) and POSCO have joined Baosteel Resources in an infrastructure agreement with Australian transport & logistics company, Aurizon for rail and port infrastructure to support the West Pilbara Iron Ore Project (WPIOP) in Western Australia. The finalisation of the Infrastructure Framework Agreement (IFA) between AMCI, POSCO and Baosteel with Aurizon […]

  • TÜV SÜD PMSS: Investor Diversity Critical to Long-Term U.S. Offshore Wind Success

    9 October 2014
    Business & Finance

    The long-term financial viability of US offshore wind is as much dependent on the ability to rapidly secure early-stage construction wins, achieve energy generation success, and foster investor diversity, as it is on the completion on key auction wins and the steady progress towards of research- and-development milestones. This is according to PMSS America, Inc., […]

  • BG Revenues Rise 7 Percent (UK)

    10 May 2011

      BG Group plc today reported its 2011 First Quarter Results. First Quarter Key Points • Higher UK North Sea tax reduces earnings by $265 million • LNG operating profit for 2011 expected towards upper end of $1.9 to $2.2 billion range • Significant progress on long-term growth programme • Positive appraisal results on the […]

  • Carnarvon raising funds for Buffalo well

    11 May 2018
    Project & Tenders

    Carnarvon Petroleum has raised $16 million, before costs, to fund drilling of its Buffalo-10 well located in WA-523-P block in the Timor Sea.