10000 results found for 'progress'

10000 results found for 'progress'
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  • Woodside charters Siem’s LNG-powered vessel

    12 April 2016
    Business & Finance

    Siem Offshore has been awarded a charter contract for a dual fuel (LNG/MGO) PSV by Woodside Energy in Australia. According to Woodside, this is the first vessel of the kind to be used in Australia. The contract for the PSV of a VS4411 design was awarded through Siem’s subsidiary, Siem Offshore Australia. The duration of the charter […]

  • Eni CEO, Egypt’s president talk offshore gas

    27 November 2015

    Claudio Descalzi, CEO of Italian oil company Eni, met Thursday with the Egypt president Abdel Fattah el-Sisi to discuss Eni’s operations in Egpyt. According to a statement by Eni issued on Thursday, special attention was given to Eni’s progress on the plan for the development of the giant Zohr gas discovery Eni made in September. […]

  • Starr takes up Polarcus CEO role

    5 February 2015
    Business & Finance

    Polarcus has announced that effective today (February 5), Rod Starr has assumed the role of Chief Executive Officer of Polarcus. The company elected Starr to succeed Rolf Ronningen as CEO in January this year. Commenting on his appointment, Rod Starr, CEO Polarcus, said: “I am delighted to be appointed as Polarcus’ new CEO and very excited to […]

  • Coastal Contracts sells jack-up rig to avoid market downturn

    22 April 2015
    Business & Finance, Exploration & Production

    Coastal Contracts’ subsidiary, Thaumas Marine Pte Ltd, has secured a contract for the sale of one jack-up drilling rig (JUDR) for approximately RM807 million ($224.1 million). According to Coastal Contracts’ Bursa Malaysia filing, the rig was sold to a “reputable oil company”. The rig is expected to be delivered in the third quarter of 2015. Ng […]

  • Singapore: MAN to Equip Swire’s Eight New PSVs with Its Gensets

    14 June 2012
    Business & Finance, Equipment

    Swire has ordered eight IMT-997 platform supply vessels (PSVs), with four to be built by Universal Shipbuilding Corporation in Japan and a further four to be built by EISA Shipyard in Brazil. Each vessel will be equipped with 4 × 6L27/38 MAN gensets, with each unit rated at 1,980 kW at 720 rpm. All generating […]

  • Brazil: OSX Receives Order for Two WHPs from OGX

    19 April 2012
    Business & Finance

    Brazil-based OSX, a company that provides equipment and services for the offshore oil and gas industry, received an order from its anchor client OGX Petróleo e Gás for construction and charter of two new Wellhead Platforms, WHP-3 and WHP-4, pursuant to the Strategic Cooperation Agreement entered into by the companies. The two new units will […]

  • Norway: Songa Offshore Provides Rig Fleet Update for July

    9 August 2010
    Business & Finance

    Songa Venus achieved operating efficiency of 96% during the month, the rig continued its work on the first out of 3 firm wells for Shell Development (Australia). Shell confirmed and exercised first out of 3 optional wells, this well has further been assigned to MEO Australia Limited. Songa Mercur achieved operating efficiency of 98% during […]

  • BP, CGG to develop new marine seismic sources

    28 October 2014

    CGG and BP announced an agreement for collaborative research and development in the field of new types of marine vibratory seismic sources. The agreement combines the companies’ research efforts and expertise to develop and deploy innovative seismic source technology, and builds on successful prototype trials. Seismic surveys have for decades been the exploration industry’s key […]

  • South Stream still on, Saipem says. Shares drop

    2 December 2014
    Equipment

    Italian Saipem, a company which was supposed to carry out a giant part of the South Stream pipeline work in the Black Sea, has said that the work on the project will continue, despite Vladimir Putin saying it will not. The company said that, while noting the statements by the Russian president end Gazprom CEO, […]

  • Israel: Bontan Provides Update on Sara and Myra Licences

    29 April 2011
    Business & Finance

      Bontan Corporation Inc. issues the following update with respect to its indirect working interest of 5.23% in the Israeli project comprising Sara and Myra licenses located in the Levantine Basin: Progress on Israeli Project: Israel Rig Contract – Myra and Sara Licenses The operator of the consortium of the Licenses has entered into an […]

  • Brazil: BG Secures USD 1.8 bln for Santos Basin FPSOs

    1 March 2012
    Business & Finance

    BG Group today announced it has received initial approval from the Brazilian Development Bank (BNDES) for up to $1.8 billion of long-term finance to fund part of the company’s interests in the pre-salt Santos Basin, offshore Brazil. Subject to further approvals and the completion of a final agreement, the funding facility will be allocated to […]

  • Trump Reaches Partial Deal with China, Delays Tariffs

    14 October 2019
    Business & Finance

    China agreed to more than double its annual purchases of American agricultural products as part of the deal.

  • GSL’s Post-Panamax Pair to Continue Working for ZIM

    30 April 2019
    Business & Finance

    Global Ship Lease renews charter agreements with ZIM for two Post-Panamax containerships.

  • Global Industry Alliance Welcomes Maersk

    20 March 2019
    Business & Finance

    Maersk becomes the latest member to join the Global Industry Alliance (GIA).

  • China: CIC Boluomiao Shipyard Completes Repair Works for Vessel Xin Pinghai

    1 December 2011

    The ship “Xin Pinghai” collided and arrived at CIC Boluomiao Shipyard on Nov 18th. The ship’s hull in way of the engine room and after peak tank starboard side had about 40 m2 steel plate was damaged and to be renewed. The ship owner requested to be redelivered on Nov 26th, the shipyard immediately started […]

  • China’s Bestway Engineering, Rolls-Royce Unveil Energy Efficient Ship Designs

    1 December 2011
    Business & Finance

    Rolls-Royce, the global power systems company and China’s Bestway Engineering, have today unveiled a range of energy efficient ship designs which have been produced to meet the future requirements of the global merchant shipping industry. The new highly efficient ship designs have been produced using the combined expertise of both companies and will feature advanced […]

  • Western Marine Shipyard Presents Its Quality Shipbuilding Works at Marintec 2011 (China)

    15 December 2011

    Western Marine, the country’s leading shipyard, participated in the Marintec 2011 exhibition, organized by UBM Asia and Shanghai Society of Naval Architects, and Marine Engineers at Shanghai. The four-day exhibition began from 29 November at the Shanghai New International Expo Centre. Marinetec 2011 was the ultimate event for marine equipment and machinery maker, suppliers, shipbuilders, […]

  • ECSA/ETF: EU Should Increase Attractiveness of Seafaring Career

    2 June 2015

    The European Union should provide lifelong career prospects in the maritime industry and maritime clusters and facilitate career progression from rating to officer jobs as well as labour mobility in the maritime industries throughout Europe, the European Social Partners for Maritime Transport said in a joint position paper. The social partnership comprising of the European Community […]

  • K Line to Start Research on Shipping Market Using AI

    7 October 2019
    Business & Finance

    K Line, partners would work on the research of shipping market conditions using artificial intelligence.

  • Hapag-Lloyd, ONE to Join TradeLens

    2 July 2019
    Business & Finance

    With the two major carriers, platform scope extends to more than half of the world’s ocean container cargo.

  • Legacy Ship Portfolio Still a Heavy Burden for HSH Nordbank

    28 August 2015
    Business & Finance

    German lender HSH Nordbank is in talks with its government owners and the European Commission over long-running dispute on state guarantees within the framework of the bank’s efforts to alleviate the pains caused by its USD 11 billion legacy ship portfolio. Namely, despite progress in operating profit that amounted to EUR 222 million (USD 250 million) […]

  • Japan: NYK Leads the Way in Cutting Carbon Emissions

    1 November 2012
    Business & Finance

    NYK has been selected by the Carbon Disclosure Project (CDP) as one of only five companies in the FTSE Japan Index of nearly 500 Japanese companies to be included in the Carbon Performance Leadership Index (CPLI). In addition, the company was one of 22 companies to be included in the Carbon Disclosure Leadership Index (CDLI). […]

  • China: Doosan Engine to Equip Swire’s New PSVs with 6L27/38 MAN Gensets

    13 June 2012

    Swire has ordered eight IMT-997 platform supply vessels (PSVs), with four to be built by Universal Shipbuilding Corporation in Japan and a further four to be built by EISA Shipyard in Brazil. Each vessel will be equipped with 4 × 6L27/38 MAN gensets, with each unit rated at 1,980 kW at 720 rpm. All generating […]

  • Gazprom Builds Up Production Capacities to Raise Cenomanian Gas Output, Russia

    27 July 2012

    Gazprom has completed construction and hookup of 42 extra production wells to produce gas from the Cenomanian deposit of the Zapolyarnoye field. This helped increasing the deposit’s nominal capacity from 100 to 115 billion cubic meters of gas per annum. The Company continues developing the Valanginian deposits of the Zapolyarnoye field. This year another comprehensive […]

  • Launch Ceremony for TSHD CHANG JIANG KOU 02 at Chinese Shipyard

    22 February 2012
    Business & Finance

    The naming and launch ceremony for the 12,000m³ trailing suction hopper dredger, CHANG JIANG KOU 02, took place on 22 February 2012 at the Daoda Heavy Industry shipyard in Qidong, China. IHC Merwede is building the impressive vessel for Yangtze Estuary Waterway Administration Bureau MOT, which is based in the People’s Republic of China. It […]