10000 results found for 'progress'

10000 results found for 'progress'
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  • Bondholders Okay HMM’s Debt-for-Equity Plan. Next Step The Alliance

    2 June 2016
    Business & Finance

    Bondholders of cash-strapped Hyundai Merchant Marine (HMM) have approved the company’s debt-for-equity swap deal, the company confirmed in a stock exchange filing. The company held meetings with its five bondholders over the past two days who hold KRW 804.3 billion in publicly traded bonds. Under its KRW 680 billion debt-for-equity swap deal, cleared last week […]

  • Nido to drill sidetrack well on Galoc field

    18 April 2017
    Exploration & Production

    ASX-listed oil and gas company Nido Petroleum will drill a sidetrack well on the Galoc field, in the Palawan Basin offshore Philippines, following inconclusive results from the appraisal well Galoc-7.  On behalf of the Galoc Joint Venture, Nido Petroleum informed on Tuesday that on April 13, 2017, the drillship Deepsea Metro I reached total depth of […]

  • UK: BP Sells SGA to Perenco for USD 400 mln

    27 March 2012
    Business & Finance

    BP announced today that it has agreed to sell its interests in its southern gas assets (SGA) in the UK North Sea to Perenco UK Ltd for $400 million in cash. As it continues the active management of its business portfolios around the world, focusing on core activities and future growth, BP expects to divest […]

  • USA: ENI Receives Consent for Drilling Eighth GoM Well that Meets New Safety Standards

    4 April 2011
    Business & Finance

      The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) approved a deepwater permit for the drilling of an eighth well that complies with rigorous new safety standards implemented in the wake of the Deepwater Horizon explosion and resulting oil spill. This includes satisfying the requirement to demonstrate the capacity to contain a subsea […]

  • The Philippines: Pasay City OKs Manila Bay Reclamation Project

    30 December 2013
    Business & Finance, Equipment, Technology

    The Pasay City government has given the go-signal to SMLI to proceed with the reclamation project that the Henry Sy-led firm proposed in the first place. “We stand firm with our commitment to undertake and complete the 300-hectare reclamation project as stipulated in our Joint Venture Agreement (JVA) with the Pasay City Government notwithstanding the […]

  • WRDA Moves Forward with Three Rubio Provisions

    13 September 2016
    Business & Finance

    U.S. Senator Marco Rubio has welcomed the Senate’s continued advancement of the Central Everglades Planning Project (CEPP), as well as three more Florida provisions included in the Water Resources Development Act (WRDA). Rubio voted yesterday in support of a procedural motion that passed the Senate, bringing the bill itself one step closer to final passage. In the […]

  • Shoaibi Group and EnerMech Form Joint Venture in Saudi Arabia

    13 August 2012
    Business & Finance, Project & Tenders

    International mechanical engineering group, EnerMech, has signed a joint venture agreement with Saudi based Shoaibi Group to form EnerMech Saudi Arabia Limited (EnerMech S.A. Ltd). Based in Al Khobar, Saudi Arabia, EnerMech S.A. Ltd will provided crane, hydraulics, valves, process, pipelines and umbilicals (PPU), lifting and inspection services, equipment rental and specialist training to the […]

  • Woodside: Browse concept definition in 3Q. First FPSO to be ready in 2026

    30 May 2018
    Infrastructure

    Australia’s Woodside is set to start working on the concept selection for the development of its long-delayed Browse offshore gas development in Australia.

  • BOEMRE Approves Eighth Deepwater Drilling Permit (USA)

    4 April 2011
    Business & Finance, Operations & Maintenance

    The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) today approved a deepwater permit for the drilling of an eighth well that complies with rigorous new safety standards implemented in the wake of the Deepwater Horizon explosion and resulting oil spill. This includes satisfying the requirement to demonstrate the capacity to contain a subsea […]

  • Ophir’s Fortuna FLNG FID spills over into 2018?

    23 November 2017
    Infrastructure, Project & Tenders

    Ophir will most likely not be making a final investment decision for its Fortuna FLNG project in Equatorial Guinea in 2017. Despite its recent claim it still expected the FID of the Fortuna project to be achieved in 4Q 2017, this now seems unrealistic. Namely, the company has now agreed a one-year extension to the […]

  • Western Canada’s Shipbuilding Symposium on April 4th

    21 March 2013

    As part of Western Canada’s Shipbuilding Action Plan, Western Economic Diversification Canada (WD) will be hosting a Shipbuilding Symposium on April 4, 2013, providing small- and medium-sized enterprises (SMEs) the opportunity to learn about valuable business opportunities. Western Canada’s Shipbuilding Symposium: ‘Get On Board the Supply Chain’ will take place in Vancouver and will be […]

  • BMT Nigel Gee to Cooperate with CISR

    12 November 2012

    BMT Nigel Gee, a subsidiary of BMT Group, is set to launch its latest technical paper in collaboration with the Cayman Island Shipping Registry (CISR). Developed to provide insight for a wide range of industry stakeholders, the paper examines aspects of the 2010 Passenger Yacht Code (PYC) which aims to provide a Safety of Life […]

  • UK: SgurrEnergy to Advise on Lincs Offshore Wind Farm

    26 June 2012
    Business & Finance

    SgurrEnergy has been selected as lender’s technical and environmental advisor to an international banking consortium for the £750m Lincs offshore wind farm.  The high profile project, which is in construction, will comprise 75 Siemens SWT-3.6-120 3.6MW wind turbines when completed, and uses a pioneering wind turbine foundation design. Lincs is the first project financed offshore […]

  • ABB: German OW Delays Amount to $260 Million

    23 January 2014
    Storage

    ABB said its fourth-quarter 2013 results were adversely impacted mainly by charges for storm-related project delays and some operational issues in the Power Systems (PS) division. Additional restructuring-related charges were taken in response to the division’s soft order intake in 2013. The company also booked non-operational charges related to certain Group legacy issues. “While the […]

  • Wave Hub welcomes Pembrokeshire demonstration zone funding

    30 March 2017
    Research & Development

    Wave Hub Ltd has welcomed Welsh Government announcement of the award of £324,000 to enable a feasibility study into the Pembrokeshire wave energy demonstration zone. The Welsh Cabinet Secretary for Economy and Infrastructure, Ken Skates, announced the funding from European Regional Development Fund and the Welsh Government, at the Marine Energy Wales conference in Swansea. […]

  • Trelleborg delivers rubber membrane for WETFEET waves

    2 November 2017
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    Trelleborg has supplied a bespoke flexible rubber membrane for use with wave energy devices to WETFEET research and development project.

  • Dart Energy: Shale Gas Estimate Up to 143 TCF (Australia)

    10 May 2012

    Dart Energy International, the international operating arm of Dart Energy, iannounced an initial independent assessment of the Original Gas-in-Place for its portfolio of shale gas assets, of between 28.1 TCF (low case) to 143.0 TCF (high case), with a Best Estimate of 76.0 TCF net to Dart International. As previously announced, Dart International has successfully […]

  • ExxonMobil Starts PNG LNG Production

    29 April 2014

    ExxonMobil said that the $19 billion PNG LNG project has started producing liquefied natural gas (LNG) in Papua New Guinea ahead of schedule. Production from the first LNG train will increase over the coming weeks and the first cargo is expected to be shipped to Asia markets before midyear. Work on the second train is progressing […]

  • Annova’s Texas LNG export project gets positive FERC DEIS

    17 December 2018

    Annova LNG’s proposed Brownsville liquefied natural gas export project in Texas received its draft environmental impact statement prepared by the US Federal Energy Regulatory Commission (FERC). The issuance aligns with the estimated schedule the agency outlined in August and propels the project through another significant milestone, according to Annova LNG. The FERC DEIS said in […]

  • MHI establishes two specialized companies

    4 February 2015

    Mitsubishi Heavy Industries has determined, effective October 1, to establish two new group companies at its Nagasaki Shipyard & Machinery Works’ Koyagi Plant.

  • LNG Canada gets environmental approval

    18 June 2015

    LNG Canada informed that the Canadian Environmental Assessment Agency has approved the project’s Environmental Assessment and the B.C. Environmental Assessment Office has issued an Environmental Assessment Certificate for its proposed four train liquefied natural gas export terminal in Kitimat.

  • RWE books capacity at Germany’s first LNG terminal

    6 September 2018
    Ports & Logistics, Project & Tenders

    Energy company RWE and German LNG Terminal, the joint venture driving forward Germany’s first LNG terminal in Brunsbüttel, said on Thursday they have reached an agreement for a “considerable” part of the terminal’s capacity on a long-term basis. Dutch companies Gasunie and Vopak and Germany’s Oiltanking formed last year German LNG Terminal, under which they […]

  • Orbital gets second berth at EMEC for its floating tidal farm

    31 March 2020
    Technology

    Orbital Marine Power has signed up to a second berth at the European Marine Energy Centre (EMEC) in Orkney, Scotland, that will pave the way to deliver its first floating tidal turbine farm. Orbital is currently in the process of manufacturing its first commercial O2 turbine at 2 MW and with a swept area of […]

  • Equinor Completes Polish Offshore Wind Trifecta

    10 December 2019
    Business & Finance

    Norway’s energy major Equinor has completed the acquisition of a 50 % interest in the offshore wind development project Bałtyk I in Poland from Polenergia. The Bałtyk I offshore location license allows for development of a wind farm with a capacity up to 1560MW of which Equinor will hold 50%. The company will be the […]

  • 20-year gas offtake deal lands on Commonwealth LNG’s booking sheet

    6 May 2025
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Kimmeridge Texas Gas (KTG), an affiliate of the energy-focused alternative investment manager Kimmeridge, has won a new multi-year liquefied natural gas (LNG) sale and purchase agreement (SPA) for its LNG export terminal currently under development on the west bank of the Calcasieu Ship Channel at the mouth of the Gulf of Mexico/America near Cameron Parish, Louisiana.