5414 results found for 'prosafe'

5414 results found for 'prosafe'
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  • Transocean Settles Deepwater Horizon Case for $1.4 Bln (USA)

    3 January 2013
    Business & Finance

    Transocean Ltd.  today announced that it has reached an agreement with the U.S. Department of Justice to resolve certain outstanding civil and potential criminal claims against the company arising from the April 20, 2010, accident involving the Deepwater Horizon in the Gulf of Mexico. As part of this resolution, a Transocean subsidiary has agreed to […]

  • COPL in capital raise. Nigeria offshore block financing talks continue

    28 May 2019
    Business & Finance, Exploration & Production

    Canadian Overseas Petroleum Limited (COPL) has said it is in advanced talks with financiers and suppliers of an early production system for its Nigerian offshore block development. It is also raising cash via share placing for working capital.

  • Valeura Energy strikes a deal with PTTEP to expand its Thai oil & gas footprint

    25 July 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    Canada-based Valeura Energy, an oil and gas company, has made a move to acquire partial stakes from Thailand’s national oil and gas player, PTT Exploration and Production Public Company Limited (PTTEP), in two offshore blocks off the coast of Thailand.

  • First oil from ‘world class’ Gulf of Mexico project on track for mid-2025 as FPU nears completion

    7 January 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    U.S.-headquartered LLOG Exploration is closing in on the first oil production from a deepwater project in the U.S. Gulf of Mexico as a floating production unit (FPU) destined for work at this oil development achieves refurbishment progress, which is expected to be wrapped up soon.

  • Antero: Gas Engines Replace Diesel on Drilling Rigs (USA)

    5 April 2013

    With diesel prices remaining high, Antero Resources and Patterson-UTI Drilling were seeking a viable option to reduce fuel costs, a major expense when operating drilling rigs. That’s when the companies considered an innovative solution: the Waukesha VHP L7044GSI. Offered by GE’s Waukesha gas engines and Waukesha-Pearce Industries, the rich-burn engine is 100% natural-gas-fired, reducing fuel […]

  • Transocean Reaches Agreement with U.S. DOJ on Deepwater Horizon Claims

    4 January 2013
    Business & Finance, Operations & Maintenance

    Transocean Ltd. announced that it has reached an agreement with the U.S. Department of Justice to resolve certain outstanding civil and potential criminal claims against the company arising from the April 20, 2010, accident involving the Deepwater Horizon in the Gulf of Mexico. As part of this resolution, a Transocean subsidiary has agreed to plead […]

  • Eco Atlantic enters ExxonMobil’s Canje block off Guyana

    29 June 2021
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Eco Atlantic has increased its position in Guyana through an acquisition of an interest in the ExxonMobil-operated Canje offshore block.

  • Rystad: Guyana’s oil production to generate unprecedented revenues for government

    4 February 2020

    Guyana’s total annual oil revenues could hit $30 billion over the next 10 years with production estimated to reach 1.2 million barrels per day by 2030, according to Rystad Energy.

  • Total joins Novatek in $25.5B Arctic LNG 2 project

    25 May 2018
    Business & Finance, Equipment

    France’s Total has agreed to acquire a ten percent stake in Novatek’s LNG project to be developed using offshore platforms in northern West Siberia, Russia.

  • Mexico awards 16 shallow water blocks

    28 March 2018

    Mexico on Tuesday awarded 16 shallow water blocks to twelve bidders. Acreage was offered in oil provinces in shallow waters in the Gulf of Mexico: Burgos Tampico-Misantla-Veracruz, and the Southeast Basin. According to the country’s oil and gas regulator CNH, the tendered contracts represent an associated investment of approximately $8.6 billion dollars over the contract period. […]

  • Singapore: The First of Two RAstar 3200 Tugs Finalizes Sea Trials

    14 November 2012
    Business & Finance

    PM Coast Maritime Pte. Ltd. has completed sea trials of PMS 1386, the first of two RAstar 3200 tugs to be built by their own shipyard in Singapore. The RAstar class of tugs is intended for operations in exposed areas such as many new LNG terminals where a high standard of sea-keeping is required. With […]

  • UK oil & gas firm bolsters its position by taking sole ownership of Tunisian business

    21 April 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Panoro Energy has entered into a definitive agreement to acquire its 40 per cent shareholding in Sfax Petroleum Corporation (SPC).

  • Far sees potential for 1.1 billion barrels of oil at Gambian prospects

    21 November 2017

    Two Far Limited-operated prospects located in Blocks A2 and A5 offshore The Gambia have a combined best estimate prospective resource of 1.1 billion barrels of oil.

  • Hertel Updates on Gorgon Project Development

    8 October 2012
    Business & Finance

    The ability to work flexibility within a quarantined environment is helping Hertel to deliver insulation, corrosion protection and fireproofing to pre- assembled racks and equipment for the world’s largest natural gas project – the Gorgon Project – at Barrow Island in Western Australia. The first phase of work is being carried out at the Australian […]

  • Essar Completes D1 Development Project Off Mumbai

    3 July 2012
    Business & Finance, Equipment, Operations & Maintenance

    Essar Projects Limited announced on Thursday, 28. June, the completion and handing over of the Rs 1,064-crore D1 development project, 200 kms off Mumbai,to ONGC, facilitating the scaling up of the D1 field production to 35,000 BOPD (barrels of oil per day). The largest offshore project executed by Essar Projects Limited envisaged the installation of […]

  • Rob van der Hage, TenneT: Having Significant Responsibilities Requires a Vision

    20 October 2016
    Business & Finance, Storage

    Rob van der Hage, Business Manager Offshore at TenneT Netherlands, will be one of the panellists in the closing discussion on short and long term potential at the Offshore WIND Conference and has provided an insight into the sector from an interesting point of view – that of an electricity transmission system operator. Regarding his […]

  • Rob van der Hage, TenneT: Having Significant Responsibilities Requires a Vision

    20 October 2016
    Business & Finance, Storage

    Rob van der Hage, Business Manager Offshore at TenneT Netherlands, will be one of the panellists in the closing discussion on short and long term potential at the Offshore WIND Conference and has provided an insight into the sector from an interesting point of view – that of an electricity transmission system operator. Regarding his […]

  • Namibia Sets Three-Year Ban on Seabed Mining

    20 December 2013
    Business & Finance, Research & Development

    A moratorium on the issuance of Environmental Impact Assessment (EIA) clearance certificates on bulk seabed mining for industrial minerals as well as base and rare metals in Namibian waters will be in place for a minimum of three years. Cabinet made this decision during its 13th ordinary meeting in September this year. A media statement […]

  • Number of ships flying Danish flag set record in 2021

    13 January 2022
    Business Developments & Projects

    The number of ships flying the Danish flag has set a record in 2021 which means that the country moves up one place on the list of the flag states, Danish Shipping reported.

  • Europe Could Become First 100% Renewable Energy Continent

    21 June 2013

    The Global Alliance for 100% Renewable Energy criticises many legislators in Europe for still lacking full commitment to the transformation to renewable energy. At the European inauguration of the new Alliance in Munich, member organisations stated that renewable energy has become the key to Europe’s future economic and industrial development. However, according to the Alliance, […]

  • Qatar University Receives State-of-the-Art Marine Research Ship

    23 May 2012
    Business & Finance

    A new, state-of-the-art ship given to Qatar University will transform marine research in the Gulf region. The model research facility Janan – named after the island located in the western part of the Qatari peninsula – was donated to the University by H.H. the Heir Apparent Sheikh Tamim bin Hamad bin Khalifa Al-Thani. Underlining a […]

  • US-German collab gets $7.7M boost for development of low-cost subsea energy storage

    1 November 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Collaboration, Environment, Infrastructure, Innovation, Outlook & Strategy, Project & Tenders, Regulation & Policy, Research & Development, Storage, Technology, Transition, Vision

    U.S. and German governments are supporting two projects that have a mutual goal of developing a low-cost subsea energy storage technology that supports electrical grid decarbonization with funding of $7.7 million. The U.S. Sperra, dedicated to pioneering the next generation of renewable energy solutions through automated construction, secured a $4 million grant from the U.S. Department of Energy […]

  • Tullow to restart Jubilee production ‘in the next few days’

    28 April 2016

    Following an issue with the turret bearing on the Jubilee field FPSO, offshore Ghana, the oil exploration and production company Tullow Oil said on Thursday that off-take and production from the field will resume in the next few days.  A technical investigation of the Jubilee field FPSO Kwame Nkrumah turret bearing has confirmed that it is no […]

  • DTU on Mission to Cut North Sea Energy Hubs Failure

    28 October 2019

    The Technical University of Denmark (DTU) is developing digital solutions for controlling long-distance power flows in order to avoid blackouts and failure at energy hubs in the North Sea. The multiDC project focuses on developing intelligent digital solutions for controlling long-distance power flows to avoid blackouts and severe failure and looks into how to design the power […]

  • USACE Awards Dredging Contracts Worth $54.6M

    29 September 2016
    Business & Finance, Project & Tenders

    The U.S. Army Corps of Engineers, Galveston District recently awarded $54.6 million in dredging contracts for the work along the Texas coast. The following contracts were awarded: $26,571,750 awarded to Weeks Marine Inc., for deferred environmental restoration along the Houston Ship Channel. This contract will use material mined from the HSC beneficially to construct marsh […]