10000 results found for 'progress'

10000 results found for 'progress'
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  • Norway: RWE Sells Its Interest in Edvard Grieg to OMV

    17 October 2012
    Business & Finance

    RWE AG, through its subsidiary RWE Dea Norge AS, reached an agreement on the sale of its 20% licence interest in the “Edvard Grieg” development in Norway to OMV (Norge) AS, a subsidiary of OMV AG, for a cash purchase price of € 247.9 million as per effective date 1 January 2012 plus a contingent […]

  • UK: AWS Secures Funding for Its Wave Energy Project

    16 October 2012
    Business & Finance, Equipment

    AWS Ocean Energy is one of five Scottish marine energy developers to benefit from £7.9 million funding, to further develop testing of new wave and tidal prototypes in the seas around Scotland. The company was awarded a £3.9 million grant towards the cost to design, build and launch a project to prove its AWS-­‐III Wave […]

  • Azonto Petroleum sees board shift

    29 May 2015
    Business & Finance

    Azonto Petroleum has announced that Andrew Bartlett, Non-Executive Chairman since March 2013, has announced his retirement and will be stepping down from the Board to pursue other business interests. Andrew Sinclair, Senior Independent Director of Azonto since March 2014 and Non-Executive Director since December 2012, will be assuming the position of Non-Executive Chairman. Andrew Sinclair who […]

  • Wison Offshore & Marine Delivers Tanks for Caribbean FLNG

    31 October 2013
    Business & Finance, Equipment, Infrastructure

    Wison Offshore & Marine Ltd. announces today that it successfully completed the installation of the three LNG storage tanks into the hull of the Caribbean FLNG project, reaching a significant milestone in the delivery of the world’s first floating LNG production unit . With this major activity completed, the pathway is clear for installing the […]

  • Karoon Gas Australia Raising Cash for Exploration

    7 August 2013

    Karoon Gas Australia Ltd yesterday announced the launch of an underwritten placement to raise approximately A$150 million at an offer price of A$5.10 (“Placement”). The offer price represents an 8.9% discount to the last trading price of A$5.60 on 6 August 2013. The proposed placement will strengthen Karoon’s balance sheet to: • provide financial flexibility to […]

  • Unique System, Wills Ridley Partners in Marine Steering Systems Supply

    24 July 2013
    Business & Finance, Equipment

    Unique System FZE, a Unique Maritime Group Company (UMG), is one of the world’s leading integrated turnkey subsea and offshore solution providers, has recently signed an agency agreement with Wills Ridley Limited for the supply of marine steering systems in India, parts of the Middle East and the African subcontinent. Wills Ridley Ltd was formed […]

  • OPEC: Oil output cuts only two percent off target in March

    28 April 2017

    The Joint Ministerial Monitoring Committee (JMMC) reported on Friday that OPEC and non-OPEC countries have continued their high level of conformity with their voluntary adjustments in production. JMMC’s statement was based on the report of the Joint OPEC-Non-OPEC Technical Committee (JTC) for the month of March. The Committee expressed its satisfaction with the progress made […]

  • UK: Total Conducts Further Operations on Stopping Elgin Gas Leak

    7 May 2012
    Business & Finance, Operations & Maintenance

    An important advancement in stopping the leak on the G4 well on the Elgin complex was made on 4 May when the semi-submersible drilling rig, the West Phoenix, moved within the current exclusion zone ready to position itself directly alongside the complex. This dynamically positioned rig will be the main support vessel during the forthcoming […]

  • Dana eyes minimal platform concept for Platypus gas field

    25 March 2016
    Project & Tenders

    Dana Petroleum, an oil and gas exploration and production company, is considering a new minimal platform concept for the Platypus gas field in the UK sector of the North Sea.  The Platypus gas field is located in the Southern North Sea in licence P1242, Block 48/1a. It is operated by Dana Petroleum with 59% interest, and the partners are Parkmead […]

  • Tellus, Wintershall break off Norway deal

    23 December 2015

    Tellus Petroleum, a 100% subsidiary of Sequa Petroleum, has cancelled a deal to buy interest in the four fields on the Norwegian continental shelf from Wintershall due to the current market environment. Wintershall, a 100% BASF subsidiary, had originally planned to divest assets in the four non-operated fields Knarr (20%), Veslefrikk (4.5%), Ivar Aasen (6.4615%) and Yme (10%) […]

  • 2H Offshore expands in Malaysia and Australia

    4 December 2014
    Business & Finance, Equipment

    2H Offshore has invested in improved office facilities in Malaysia and Australia, to support ongoing growth in the Asia Pacific region. 2H Offshore is an engineering contractor specialising in the design, structural analysis and integrity management of riser and conductor systems used in the drilling and production of offshore oil and gas reserves. “The subsea oil and gas […]

  • Oil production kicks off at Nasr field (UAE)

    5 February 2015
    Project & Tenders

    INPEX’s subsidiary, Japan Oil Development Co., Ltd. (JODCO), started oil production from the Nasr Oil Field offshore Abu Dhabi, the United Arab Emirates, on January 24, 2015. The Nasr Oil Field is located approximately 130km northwest of Abu Dhabi City. INPEX has jointly developed the Nasr Oil Field with Abu Dhabi National Oil Company (ADNOC), BP and TOTAL. In the […]

  • DP World on Track to Meet Market Expectations

    23 October 2018
    Business & Finance

    DP World sees continued rise in volumes, as gross container numbers grew by 2.6% in the first nine months of 2018.

  • Bore Closes Dutch Office

    20 February 2015
    Business & Finance

    The Finnish shipping company Bore has decided to close its shore office in Amsterdam and lay off 24 Dutch employees, as the company tries to concentrate all shore functions to Finland. As a result the company plans to re-flag its two RoRo vessels currently under Dutch flag, M/V Norsky and M/V Norstream, to Finnish flag. Since 2010 […]

  • Seadrill Delays Newbuilds amid Challenging Market

    27 August 2015
    Business & Finance

    Offshore drilling company Seadrill has delayed deliveries of two drillships currently under construction for two years amid volatile market conditions that pushed the company’s profit by 37% in the second quarter of 2015. The drillships in question are the West Draco and West Dorado whose deliveries have been pushed back from the third and fourth […]

  • Alianca Holds Naming Ceremony for New Container Ship

    24 October 2013
    Business & Finance

    With the “Américo Vespúcio” the Hamburg Süd subsidiary Aliança christened the third of four identical 3,800 TEU container ships for its cabotage fleet on 22 October 2013 in Pecém (Brazil). The Naming Ceremony was held as part of a customer event at the port of Pecém. The Sponsor of the ship is Consuelo Dias Branco, […]

  • Vice President of China Shipping Visits Afai Southern

    7 February 2013

    In the afternoon of January 31st, Mr. Dingnong, the Vice President of China Shipping and Chairman of Afai Southern visited Afai Southern Shipyard. Mr. Wu Mingyi, the General Manager of Afai Southern made a special report regarding the corporate development, exploitation of the market, R&D of the product, thought for management and the difficulty faced. […]

  • USNS Millinocket Completes Acceptance Trials

    14 January 2014

    The future USNS Millinocket (JHSV 3) completed acceptance trials, Jan. 10, concluding a week of thorough in-port and at-sea testing for the ship. The trials, which were conducted at the Austal USA shipyard in Mobile, Ala., included demonstrations on all of the ships systems to ensure that JHSV 3 is ready for delivery and fulfills […]

  • US Coast Guard Requires ShipConstructor Compatible Deliverables

    4 December 2012

    For proposed 11 new Offshore Patrol Cutters (OPC), the US Coast Guard has asked designers to provide them with a 3D product model that is compatible with ShipConstructor. The OPC RFP document J-4 Statement of Work for Detail Design, paragraph 085.5.2 says that, “The 3D Product Model shall be provided in either ShipConstructor or an […]

  • Woodside revenue boosted by rising prices

    18 October 2018

    Australia’s Woodside Petroleum on Thursday reported a jump in sales revenue for the third quarter as prices increased. The LNG player reported sales revenue of $1.16 billion, 25.4 percent above the sales revenue reported in the corresponding period last year. Speaking of the results, Woodside CEO Peter Coleman said that the Wheatstone LNG project has made […]

  • Santos production climbs in Q1

    17 April 2015

    Australia’s LNG player Santos posted first quarter production of 14 million barrels of oil equivalent (mmboe) and sales volumes of 15.2 mmboe, a rise of 15% and 10% as compared to the corresponding quarter. Santos Managing Director and Chief Executive Officer David Knox said that Santos had delivered a sound start to 2015, including higher […]

  • Q4 restructuring pushed KBR’s net loss to USD 1.24 bln

    2 March 2015

    LNG engineer KBR posted a net loss of $1.24 billion in the fourth quarter of 2014, compared to a net loss of $56 million for the same period a year ago.

  • Shetland wave farm cancelled

    9 February 2015
    Authorities & Government, Business & Finance, Research & Development

    Vattenfall and Pelamis Wave Power are to appoint a liquidator to close Aegir Wave Power Ltd, a company that was supposed to develop Shetland wave farm. Aegir Wave Power is a joint venture launched by Pelamis Wave Power and Vattenfall to develop a 10 MW wave farm off Shetland. Vattenfall said that the decision was […]

  • Eni’s Q1 profit surges on higher prices

    10 May 2017

    Italian energy giant and LNG player Eni on Wednesday reported a first-quarter profit of 744 million euros ($810 million), the best quarterly profit in two years, as oil and gas prices rose. This is the company’s second quarterly profit in the last two years as Eni, like its larger peers, benefited from a surge in […]

  • Top news of the week February 6-11

    12 February 2017

    Total CEO says first Yamal LNG cargo expected by October Total Chief Executive Patrick Pouyanne said on Thursday that the first shipment from the $27 billion Yamal LNG project it is developing in Russia with Novatek could be sent before October this year. Excelerate lines up seven FSRUs at DSME Excelerate Energy executed a letter […]