10000 results found for 'progress'

10000 results found for 'progress'
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  • Nido Signs LoI for Jack-Up Rig (Philippines)

    8 November 2013

    Nido Petroleum Limited has signed a Letter of Intent (‘LOI’) with a preferred rig contractor to drill the Baragatan prospect in Service Contract 63. Under the terms of the LOI the Company said it was unable to disclose the name of the rig contractor until a binding contract is executed between the parties. The Jack Up Drilling Unit […]

  • BW offloads first oil cargo from Tortue field FPSO

    3 December 2018
    Infrastructure, Project & Tenders

    First oil cargo was offloaded from the BW Offshore-owned FPSO BW Adolo on Sunday, December 2.

  • Sembcorp Marine lands Cambo FPSO design deal with Siccar Point

    29 August 2019
    Business & Finance, Infrastructure

    Siccar Point Energy has awarded an exclusive Front-End Engineering and Design contract to Sembcorp Marine for the design of a Sevan cylindrical FPSO for its Cambo field development on the UK Continental Shelf.

  • Higher oil prices, cost cuts lift Statoil to 2Q profit

    27 July 2017

    Norwegian oil company Statoil has managed to return to profit in the second quarter of 2017, helped by higher oil prices and cost cuts. The company’s net income for the second quarter 2017 was $1,43 billion, compared to a loss of $302 million a year ago. “Our solid financial results and strong cash flow are […]

  • Cameron 4Q profit plunges

    28 January 2016

    Cameron, a provider of flow equipment products, systems and services to oil and gas industry, posted a lower profit for the fourth quarter of 2015 when compared to the same period last year.  Cameron is soon to be acquired by the world’s largest oilfield services provider Schlumberger as the merger agreement, announced in August 2015, […]

  • Oil & Gas UK: Shell, TAQA cost-cutting move to benefit UK in long-term

    26 March 2015

    Oil & Gas UK has commented on Shell UK and TAQA announcements of plans to reduce the number of staff.  Offshore Energy Today earlier reported that Shell UK is planning to lay off at least 250 workers and change offshore shift patterns. In addition, according to BBC, TAQA is also planning to cut 100 jobs, […]

  • GMB Scotland considers strike action

    17 February 2015

    GMB Scotland officers are to seek permission from GMB Scotland Regional Committee to move to ballot members covered by the Offshore Contractors Agreement over possible strike action following what they say are unilateral changes to working conditions. The union says that this follows lack of progress when GMB and Unite met with representatives of the […]

  • Military Conflicts Close 2 Oil Ports in Libya

    6 March 2017
    Business & Finance

    Military conflicts have forced two of Libya’s oil ports to close, negatively impacting the country’s crude exports, Bloomberg reported.  In a fight against Khalifa Haftar’s force called Libyan National Army, the Islamist Benghazi militia seized the ports of Es Sidra and Ras Lanuf on March 3. Consequently, Libya’s oil production reportedly dropped to 650,000 barrels […]

  • Earthquake Affects CentrePort’s Earnings

    2 March 2017
    Business & Finance

    The earthquake which struck New Zealand on November 14 affected financial results of CentrePort, Wellington port operator, as the company suffered a net loss of NZD 35.7 million (USD 25.3 million) in the second half of 2016.  CentrePort has achieved net underlying profit after tax (before earthquake provisions and Fair Value Adjustments) of NZD 8.8 million […]

  • 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 […]

  • Puerto Bahia Multi-Modal Terminal Up and Running

    31 August 2015
    Business & Finance

    Colombia-based port developer and operator Pacific Infrastructure Ventures Inc. (Pacinfra) has put into action its USD 600 million Puerto Bahía port facilities in Cartagena, Colombia, with the port’s multi-modal terminal officially commencing liquid and general bulk transport operations on August 28.  The port consists of two terminals: a hydrocarbon terminal and a dry cargo terminal. The hydrocarbon terminal […]

  • Puerto Bahia Multi-Modal Terminal Up and Running

    31 August 2015
    Business & Finance

    Colombia-based port developer and operator Pacific Infrastructure Ventures Inc. (Pacinfra) has put into action its USD 600 million Puerto Bahía port facilities in Cartagena, Colombia, with the port’s multi-modal terminal officially commencing liquid and general bulk transport operations on August 28.  The port consists of two terminals: a hydrocarbon terminal and a dry cargo terminal. The hydrocarbon terminal […]

  • Germany: MEYER WERFT Starts Construction of Project Sunshine

    6 February 2013

    The first steel-cutting taking place in MEYER WERFT’s laser centre marks the start of construction of the new Project Sunshine ships for Royal Caribbean International. The first ship of this class will be completed in October 2014. It took the plasma torch in the yard’s state-of-the-art laser centre merely a couple of minutes to cut […]

  • 4D-Fatigue Targets Improvement of Fatigue Assessment

    3 March 2014

    A Joint Industry Project “4D-Fatigue”is being initialized to improve fatigue assessment and automatic screening of welded joints in ships and offshore structures which are subjected to multi-axial and variable-amplitude loading. Improvement of fatigue assessment has a large influence on maintenance and repair costs, operational downtime, and potential lifetime extension. It is also essential to ensure […]

  • State-of-the-Art Heavy-Lift Vessel Dockwise Vanguard Ready for Sea Trials

    3 December 2012

    Hyundai Heavy Industries and Dockwise are about to start the sea trials for a new semi-submersible heavy-lift vessel Dockwise Vanguard. The name ‘Dockwise Vanguard’ refers to the forefront of a movement, an innovation in the Heavy Marine Transport Industry. The name also indirectly refers to Dockwise new vessel’s revolutionary bowless design, which will allow entire, […]

  • LAMWEC project to test Laminaria WEC survivability

    23 February 2016
    Business & Finance, Research & Development, Technology

    Flemish wave energy developer Laminaria has joined forces with the European Marine Energy Centre (EMEC), Innosea, Ghent University, and TTI Testing to support the development of its wave energy converter (WEC). The main focus of the project is to prove the survivability of the Laminaria WEC, which incorporates an innovative storm protection system, at pre-commercial […]

  • Basque Gov launches marine renewables research platform

    28 July 2015
    Authorities & Government, Business & Finance, Operations & Maintenance, Research & Development, Technology

    Basque Government has officially opened bimep marine platform for research, development, and operation of marine energy converters near the coastal town of Armintza, Spain. With a power generating capacity of 20 MW, bimep is a research infrastructure dedicated for demonstrating the technical and economic viability of marine energy converters prior to their large-scale commercialisation. The […]

  • Yemen accepted as full Charter Member of IGU

    20 October 2014

    During the annual IGU meetings in Berlin, Yemen’s application for Charter Membership was accepted.  The IGU annual meetings which took place last week in Berlin, Germany, were attended by Yemen LNG as the main and only LNG entity representing the country. This has been a result of the strong support from the Yemeni Ministry of […]

  • Beach Energy completes Stage 1 in NTNG exploration

    23 February 2015

    Beach Energy said it continued its Nappamerri Trough Natural Gas program in PRLs 33‐49 and ATP 855.

  • Cheniere’s net income, revenue surge in Q1

    4 May 2018

    US LNG export player Cheniere reported a jump in its quarterly net income and revenue as production continued to rise at its Sabine Pass facility in Louisiana. Cheniere posted net income of $357 million, or $1.52 per share, compared to net income of $54 million, or $0.23 per share for the comparable 2017 period. The […]

  • Australia: second tanker due at GLNG this week

    19 October 2015
    Vessels

    A second liquefied natural gas carrier is expected to dock at the GLNG jetty on Curtis island off Gladstone this week. LNG tanker Cool Voyager, with a capacity of 160,000 cbm, is due to arrive at the Santos-operated US$18.5 billion LNG plant around October 21, according to Gladstone port shipping data. The final destination of […]

  • Wave Energy Scotland funds control systems trio

    27 March 2018
    Authorities & Government, Business & Finance, Operations & Maintenance, Research & Development, Technology

    Wave Energy Scotland (WES) has selected three of the most promising control systems concepts from its technology program to share a little over £630,000 to further develop their ideas.

  • WorleyParsons achieves strong cash flow in FY2014

    28 August 2014

    WorleyParsons Limited said its statutory net profit after tax (NPAT) was $249 million, while the underlying NPAT was $263 million for the 12 months to 30 June 2014, down 18% on the previous corresponding period. The company’s revenue was up by 9% by $9.583 million, while the operating cash flow rose 24% to $550 million compared to $444 million […]

  • Sabella treads towards bright 2016 ending

    29 September 2016
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    French tidal energy developer, Sabella, is expecting to wrap up the year 2016 with several projects moving forward to the next phase of development.

  • Cummins Westport Names New President

    18 December 2013

    Cummins Westport announced that Gordon Exel, Westport Vice President, Sales and Marketing, has been appointed as President of CWI effective January 1, 2014 for the final year of Westport’s three year term to nominate the President. “Gordon’s experience with Cummins Westport and solid understanding of the customers and markets are key assets that will contribute […]