10000 results found for 'progress'

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  • Titan converts newly acquired ships to LNG-bunkering vessels

    10 August 2023
    Business & Finance, Business Developments & Projects, Green Marine, Innovation, Outlook & Strategy, Transition, Vessels

    Dutch bunker supplier Titan has completed the conversion of its recently acquired vessels, Titan Unikum and Titan Vision, into state-of-the-art LNG bunker vessels. The company bought the two ships at the beginning of 2023 from Canadian gas transportation company Seapeak for bunkering retrofit. Titan Unikum’s conversion was executed at the Metalships & Docks S.A.U. shipyard […]

  • New UK cable layer to run on methanol once delivered in 2025

    17 May 2023
    Business & Finance, Business Developments & Projects, Green Marine, Outlook & Strategy, Project & Tenders, Vessels

    UK-based HVDC cable company XLCC has completed model testing on its new cable laying vessel (CLV) that was announced last year and which will be deployed in the renewable energy sector. The vessel will feature battery energy storage systems and shore power to reduce fuel consumption and has been designed with methanol as a fuel […]

  • Pavilion Energy bunkers Singapore’s first LNG hybrid tug via trucks

    30 March 2023
    Business Developments & Projects, Green Marine, Vessels

    Singapore’s first LNG hybrid tug, JMS Sunshine, has received LNG via truck-to-ship bunkering operation conducted by Pavilion Energy. For this operation, a total of 34 cubic metres of LNG was transferred from the trucks to the receiving vessel at Jurong Port on 29 March, Pavilion Energy revealed in its social media update. This operation, which […]

  • European firms ink deal for USVs

    3 February 2023
    Business & Finance, Business Developments & Projects

    Ashtead Technology, the UK-headquartered international subsea rental equipment and solutions specialist, has entered into a multi-year rental agreement with Maritime Robotics, a Norwegian provider of unmanned technology solutions.

  • Shell joins QatarEnergy’s North Field East LNG expansion

    5 July 2022
    Business Developments & Projects, Project & Tenders

    QatarEnergy has selected Shell as a partner in the large North Field East LNG expansion project.

  • Excelerate Energy and Overgas sign Vlora LNG deal

    19 July 2022
    Business Developments & Projects, Project & Tenders

    U.S.-based LNG specialist Excelerate Energy and Bulgarian natural gas firm Overgas signed a deal on Excelerate’s planned Vlora LNG terminal in Albania.

  • Australia: Santos Posts Lower Profit

    22 February 2013

    Santos announced a net profit of $519 million after tax for the year ended 31 December 2012. The previous year comparable profit of $753 million included gains on asset sales of $408 million after tax. The 2012 result includes $77 million of after tax impairments. Underlying net profit was up 34% to $606 million. Growth […]

  • Lockheed Martin Wins USD 715 Mln U.S. Navy Contract

    19 March 2012

    The U.S. Navy has issued a Lockheed Martin-led industry team a $715 million contract modification to add funding for construction of two Littoral Combat Ships (LCS) – the third and fourth in a 10-ship contract awarded in December 2010. The contract modification is for construction of Little Rock (LCS 9) and Sioux City (LCS 11). […]

  • BG LNG Profit Up 3 Percent

    4 February 2014

    BG Group of UK said its LNG Shipping & Marketing total operating profit in 2013 increased 3% to $2 643 million, primarily due to a favourable LNG cargo delivery mix with increased deliveries to high value Asian markets and lower hedging losses. BG delivered 178 LNG cargoes, 19 fewer than in 2012, including 13 fewer […]

  • Australia: QGC Launches Reconciliation Action Plan

    20 November 2013

    Queensland Minister for Aboriginal and Torres Strait Islander Affairs Glen Elmes on Tuesday launched a QGC plan to provide economic, social and environmental opportunities for Aboriginal and Torres Strait Islander communities. The Reconciliation Action Plan, approved by the non-government, not-for-profit foundation Reconciliation Australia, sets targets for employment numbers, contracts with indigenous businesses and mentoring schemes […]

  • Santos Enters into Set of Principles for Land Access in NSW

    28 March 2014

    Santos has entered into a set of principles in NSW that recognizes the company’s long-standing position that it will not undertake drilling activities on private land without the voluntary consent of the landholder. The Principles of Land Access was signed by Santos, AGL, NSW Farmers, Cotton Australia and the NSW Irrigators Council at NSW Parliament House. Santos is […]

  • UK: Wood Group Profit Climbs

    6 March 2012

    Wood Group of UK reported its full year results for the year ended 31 December 2011. Financial Highlights – Total revenue of $6,052.3m (2010: $5,063.1) up 19.5% – Total EBITA1 of $398.7m (2010: $344.8m) up 15.6% – Revenue from continuing operations of $5,666.8m (2010: $4,085.1m) up 38.7% – EBITA from continuing operations2 of $341.6m (2010: […]

  • Australia: Tap Oil Finds Gas Shows in Tallaganda-1 Well

    11 April 2012

    Tap Oil Limited provides the following update on the Tallaganda-1 exploration well in permit WA-351-P offshore Carnarvon Basin, Western Australia. Location / Proposed Depth The Tallaganda-1 well is located within permit WA-351-P, of the Carnarvon Basin, Western Australia. The well was drilled in 1,141 metres of water to a final total depth of 4,365 metres […]

  • Mersey Tidal Power Project Enters Next Phase

    10 May 2019
    Research & Development

    Metro Mayor of the Liverpool City Region, Steve Rotheram, has announced the next phase of a project to harness the tidal power of the river Mersey and Liverpool Bay. The Mersey Tidal Power project is expected to provide thousands of jobs for local people during the construction phase as well as into the future. Steve […]

  • Santos plummets to $1.1 bln loss on GLNG impairment

    19 August 2016

    Adelaide-based LNG player Santos on Friday reported a US$1.1 billion loss in the first half of 2016 due to a previously revealed impairment charge of $1.05 billion after tax for the GLNG project and lower oil prices.

  • Exmar to take delivery of Caribbean FLNG in April, cancels order for 2nd unit

    30 March 2017

    Belgium’s Exmar, the Nicolas Savery-led shipowner said it will take delivery of its Caribbean FLNG by the end of next month. The Caribbean FLNG is currently located at the Wison Offshore & Marine’s yard in Nantong, China. The 0.5 mtpa FLNG unit, with a 16,100-cbm storage capacity, was scheduled for delivery to Pacific Exploration and […]

  • Tellurian to acquire 15 tcf of gas for Driftwood LNG project

    12 March 2018

    The Houston-based LNG export project developer, Tellurian plans to acquire 15 trillion cubic feet of natural gas over the life of its Driftwood LNG project.

  • Australia, Timor-Leste sign milestone maritime boundary treaty

    8 March 2018

    Australia and Timor-Leste signed a treaty establishing permanent maritime boundaries as well as a framework to jointly develop the Greater Sunrise gas fields.

  • Online service goes live for tidal and wave collaborations

    13 December 2017
    Authorities & Government, Business & Finance, Operations & Maintenance, Research & Development, Technology

    Wave Energy Scotland (WES) and National Subsea Research Initiative (NSRI) have launched an online service to help subsea supply companies work together in bidding for contracts in wave and tidal energy.

  • VIDEO: Gorgon LNG project nearing completion

    10 March 2015

    Chevron-operated Gorgon LNG project execution activities have reached the 90% mark.

  • Santos’ strong results overshadowed by impairments

    20 February 2015

    Santos posted a 2014 underlying net profit of $533 million, up 6 percent on the previous year.

  • UK: ConocoPhillips Buys Lacewing from Trapoil

    6 January 2012
    Business & Finance

    Trapoil has sold, subject to DECC and partner approval, its 10 per cent. working interest in its Lacewing asset (P.1181, Block 23/22b) (“Lacewing”) to ConocoPhillips (U.K.) Limited (“ConocoPhillips”) for a consideration of £1 million (the “Consideration”) to be satisfied in cash on completion of the disposal, which is anticipated to be in approximately one month’s […]

  • Japan to Buy 70 pct of LNG from Ichthys Project

    6 December 2011
    Business & Finance

    Ichthys Partners INPEX  and TOTAL said that the total volume of 8.4 million tonnes per annum (mtpa) of LNG from the Ichthys Project is to be sold, with approximately 70% of the Ichthys LNG to be delivered to Japan. Ichthys LNG Pty Ltd, a company jointly owned by INPEX and TOTAL and the seller of […]

  • SGS Makes New Executive Appointments

    25 October 2016
    Business & Finance

    Miami-based Subsea Global Solutions (SGS) has appointed Harun Duzgoren to their management team as executive director, Business Development & Strategy, effective October 21, 2016. Duzgoren joins SGS from maritime services provider V.Ships, where he had spent more than 16 years in different senior positions. His last remit with V.Group was to head up the business development […]

  • Technip Posts Profit Rise

    28 April 2016

    French oil services provider, Technip, posted net income of €114.4 million for the first quarter 2016 compared to €86.1 million in the same period last year. Adjusted revenue for the first quarter was €2.76 billion, down 4.2 percent from €2.88 billion a year ago. In addition, the company reported a record 82% vessel utilization rate […]