10000 results found for 'progress'

10000 results found for 'progress'
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  • Tullow divesting North Sea gas assets to focus on oil

    5 September 2014
    Business & Finance

    Tullow Oil plc has entered into an agreement to sell its operated and non-operated L12/L15 block interests and non-operated Q4 and Q5 block interests to AU Energy B.V., a subsidiary of Mercuria Energy Group Limited for a consideration of €62.7 million (US$81.1 million). The transaction involves the sale of a subsidiary, Tullow Netherlands B.V., which […]

  • Azonto granted EEA for Gazelle field (Ivory Coast)

    18 December 2014
    Business & Finance, Project & Tenders

    Azonto has been advised by its affiliate Vioco Petroleum Limited (“Vioco”, 35% Azonto, 65% Vitol) that the President of Cote d’Ivoire, Alassane Ouattara, has signed an Exclusive Exploitation Authorisation (EEA) covering the Gazelle field in Block CI-202, offshore Cote d’Ivoire. Azonto says that the award of the EEA follows approval of the Field Development Plan […]

  • SeaBird in new 2D survey for Wintershall Dea

    24 May 2019
    Business & Finance

    SeaBird Exploration has been awarded a contract by Wintershall Dea for 2D acquisition in the Norwegian Sea.

  • Premier Oil lifts Catcher plateau production expectations

    15 May 2017

    UK North Sea Catcher field, Premier Oil’s crown jewel set to start oil production in 2017, might achieve higher plateau output rate than initially anticipated. According to Premier Oil, ten wells have been drilled to date at the project. The drilling results have led the operator to be optimistic that a higher plateau production rate […]

  • Australia: Quadrant spuds Roc appraisal well

    11 July 2016
    Project & Tenders

    Australian oil and gas exploration company Quadrant Energy started drilling the Roc-2 appraisal well, located within the WA-437-P in the North West Shelf of Western Australia, on Saturday, July 9, 2016.  Quadrant is the operator of the WA-437-P exploration permit in the Canning Basin with 80% interest and Carnarvon Petroleum is its partner with the remaining 20% interest. Carnarvon […]

  • Subsea 7 CEO: ‘Our current financial results in Brazil are unacceptable’

    27 June 2013

    Subsea 7 S.A. today announced an increase in the estimated full-life project loss on the Guará-Lula NE project, offshore Brazil. As a result, the Company no longer expects full year Adjusted EBITDA to show progress compared to 2012. The Guará-Lula NE project entered the offshore phase in the second quarter 2013. Delays have been experienced […]

  • Sigma Cancels Lifting Equipment Contract with TTS

    14 January 2014
    Business & Finance, Equipment

    TTS Group ASA has been informed that Sigma Drilling Ltd. has terminated the construction contract for a new, high-specification drillship with STX Offshore & Shipbuilding Co. Ltd. (STX) in Korea. As a consequence of this an ordered lifting equipment package from TTS, with a total value of MNOK 130, also is canceled. TTS Group ASA, […]

  • Tullow Extends Exploration Period Off Guinea

    5 August 2013

    Hyperdynamics Corporation announced today that Tullow Oil Guinea Ltd. has formally notified the Republic of Guinea, on behalf of the consortium that is exploring for oil offshore Guinea, of its intent to elect to extend the Second Exploration Period for an additional three years, as provided for under the terms of its existing Production Sharing […]

  • ConocoPhillips: Gas Shows at Grace-1 Well, Offshore Australia

    30 January 2014

    ConocoPhillips has encountered ‘encouraging’ gas shows at its Graca-1 well, in the Browse Basin, offshore Western Australia. According to Karoon Gas Australia , on 26 January 2014, Grace‐1 reached total vertical depth at 5069mRT. A zone of interest was encountered in the Jurassic volcanic interval at approximately 4,000mRT and a wireline logging program including pressure measurement and […]

  • Murphy Oil begins oil production from SNP field offshore Malaysia

    4 March 2014

    Murphy Oil Corporation announced today that first oil production from the Siakap North-Petai (SNP) development offshore Malaysia started on February 27, 2014. The SNP field, operated by Murphy with a 32 percent working interest, is located offshore Malaysia in a water depth of approximately 4,400 feet. The overall field development plan consists of eight producing […]

  • BHP Eyes LNG Shipments for 10 Pct of Its Iron Ore

    15 July 2019
    Business & Finance

    BHP issues “the world’s first” bulk carrier tender for LNG-fueled transport for up to 27 million tons of its iron ore.

  • The Netherlands: Offshore Solutions Appoints Engineering and Projects Manager

    28 June 2011
    Business & Finance

      Offshore Solutions B.V. (OSBV), the joint venture between AMEC and Cofely Nederland N.V., has appointed Andy Waterstreet as engineering and projects manager. Mr Waterstreet joins the company from the Dutch electro-technical installation company Croon Elektrotechniek B.V., where he was a senior project manager in the marine and offshore division. With more than 20 years’ […]

  • Genco Adds Three Ships, Sheds Older Tonnage

    12 September 2018
    Business & Finance

    Genco has taken delivery of two Capesize vessels and one Ultramax as part of its fleet renewal program.

  • Wellard Seals Financing for Latest Fleet Addition

    27 May 2016
    Business & Finance

    Australian livestock ship owner and operator Wellard Ltd has finalized the financing of its livestock carrier M/V Ocean Shearer with Intesa Sanpaolo S.p.A., Hong Kong Branch. The 10-year loan in the amount of USD 59 million, which is backed by a commercial risk insurance policy from China Export & Credit Insurance Corporation (Sinosure), would be funded at commercial […]

  • RBS’ Shipping Impairment Provisions at USD 585 Mn

    5 August 2016
    Business & Finance

    As challenging market conditions persisted in the shipping sector during the first half of 2016, the Royal Bank of Scotland (RBS) reported impairment provisions related to its shipping business at GBP 445 million (USD 585.5 million). The dry bulk sector scored the largest part of the impairment provision which were at GBP 379 million for the business, while the […]

  • The Netherlands: SBM Offshore Delivers Norbe VI Drilling Rig to Odebrecht

    24 November 2010
    Business & Finance

    The semi submersible drilling rig “Norbe VI” has been delivered and handed over to SBM Offshore’s client Odebrecht Oil & Gas offshore Abu Dhabi on 23 November 2010. The rig is the second out of a series of three semi submersible drilling rigs which the Company contracted to supply to Brazilian clients. Delivery of the […]

  • A&P North East’s Engineer Wins Ian Telfer Prize, UK

    13 March 2013

    The Ian Telfer Prize is awarded annually for the best paper published by the Institution on the subject of the environment, by a member under the age of 30. A&P North East’s Sally Weston (Project Engineer) is this year’s winner for her paper “Reducing fuel usage and CO2 emissions from tug boat fleets: sea trials […]

  • Ouhua Shipbuilding Christens Two for China Navigation

    19 March 2013

    On the afternoon of March 13, 2013, the christening ceremony for HN 637 and HN 638 hull numbered vessels, pertaining to MPV31 series of multipurpose containers, built by Zhejiang Ouhua Shipbuilding Co., Ltd. for China Navigation, was held at the Shipyard’s Quay No. 3. The event was attended by all directors and site team led […]

  • BSEE organizes Near-Miss Reporting System workshops

    1 April 2014
    Business & Finance

    The Bureau of Safety and Environmental Enforcement (BSEE) announced two public workshops to discuss the Voluntary Confidential Near-Miss Reporting System. The workshops, to be held on April 22 in Los Angeles and April 24 in Houston, will include presentations by BSEE and the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) in addition to […]

  • Malaysia: BCP Encounters Hydrocarbons in Bentara-2 Well

    24 October 2012
    Business & Finance, Project & Tenders

    ROC advises that BC Petroleum Sdn Bhd (“BCP”), the Company incorporated to operate and manage the Balai Cluster Risk Service Contract (“RSC”) in Malaysia, has drilled the Bentara-2 well to a total depth of 2755 metres TVDss (TD) and has encountered hydrocarbons. Shareholders of BC Petroleum Sdn Bhd (“BCP”) are ROC (48%), Dialog Group (32%) […]

  • Vantage Reports Net Loss of USD 10 Mln

    30 July 2012
    Business & Finance

    Vantage Drilling, a Cayman Islands exempted offshore drilling contractor, reports a net loss of $10.0 million or ($0.03) per diluted share for the three months ended June 30, 2012 as compared to a net loss of $40.1 million or ($0.14) per diluted share for the three months ended June 30, 2011. For the six months […]

  • RWE Completes Edvard Grieg Sale (Norway)

    19 December 2012
    Business & Finance

    RWE AG today completed the sale of its 20% interest in the Norwegian “Edvard Grieg” license to OMV (Norge) AS, a subsidiary of the Austrian OMV Group, after the transaction has been approved by the Norwegian Ministry of Petroleum and Energy and the Ministry of Finance. The transaction takes retroactive effect as of 1 January […]

  • Bulker Valovine Launched for ULJANIK Finances

    6 October 2013

    ULJANIK Shipyard has launched Hull No. 491 – “Valovine” for the company ULJANIK Finances, a part of the ULJANIK Group. This ship has been constructed for the transport of bulk cargo and has a deadweight of 52,000 tonnes, length 189.90 m and width 32.24 meters, with a speed of 15 knots achieved by Uljanik’s MAN […]

  • Big Hitters Out in Force for ICS Shipping Conference

    2 August 2013
    Business & Finance

    Shipping industry “big hitters” will be out in force for this year’s ICS Shipping Conference, being held by the International Chamber of Shipping at the British Library, London, on Wednesday September 11. Proceedings will be overseen by ICS Chairman, Masamichi Morooka. This year’s ICS event is being held in conjunction with the inaugural London International […]

  • NSR, Northwest Passage Open for Shipping

    11 September 2015

    The Northern Sea Route (NSR) has opened for commercial shipping this year as of September 3rd, Japan-based global weather company Weathernews Inc. announced. According to the Global Ice Center (GIC) at Weathernews, the northeast passage along the Russian coast has been open to shipping traffic since August 18th, and the northwest passage across Canada has opened from […]