Search results for: valuation

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  • 15 May 2019

    China-focused oil and gas development company Empyrean has said that it has identified ‘gas clouds’ over two offshore prospects in the South China Sea, an indication of a presence large oil field.

  • 15 May 2019
    Exploration & Production

    Greek oil company Energean has reduced its production forecast for the year following change of plans related to drilling of two producer wells on the Prions field, located in the Gulf of Kavala off Greece, which has now been pushed back to 2020. In an operational update on Wednesday, Energean said it had revised the […]

  • 15 May 2019
    Business & Finance, Project & Tenders

    Lt. Gen. Todd Semonite, USACE Commanding General and 54th U.S. Army Chief of Engineers, yesterday celebrated completion of the East Rockaway Inlet Maintenance Dredging and Beach Restoration Project. The announcement of the project’s completion was made on the boardwalk by the Army Corps and the City of New York. New York City’s Mayor Bill De […]

  • 15 May 2019

    Australia-based Talon Petroleum has completed the acquisition of EnCounter Oil Limited, which owns two UK North Sea licenses. 

  • 14 May 2019

    The Gulf of Mexico is still a buyer’s market, an analyst by Wood Mackenzie has said following Norway’s Equinor decision to beef its stake in the Caesar Tonga offshore asset on Monday.

  • 13 May 2019
    Business & Finance

    The Draft General Reevaluation Report (GRR) and Environmental Impact Statement (EIS) for the San Francisco Bay to Stockton Navigation Improvement Project, prepared by the U.S. Army Corps of Engineers, is available for public review, said USACE in their latest announcement.  The study area is a 13.2 mile length of navigation channel spanning central San Francisco […]

  • 13 May 2019
    Business & Finance, Rules & Regulation

    Drewry: Further evaluation of the unintended consequences of slowing ships is required.

  • 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 […]

  • 9 May 2019

    The Great Britain-owned ship sank off New York.

  • 9 May 2019
    Project & Tenders

    Australia’s Santos said the subsea production system (SPS) deal for the Barossa project has been awarded, strengthening the project’s position as the leading candidate for Darwin LNG (DLNG) backfill.

  • 9 May 2019
    Business & Finance

    Oil and gas company Chariot Oil & Gas has received a positive competent person’s report over resources in its recently acquired block offshore Morocco.

  • 9 May 2019
    Infrastructure

    ConocoPhillips has hired TechnipFMC for the supply of Subsea Production System (SPS) for its Barossa offshore gas and condensate project offshore Australia. TechnipFMC’s subsidiary Technip Oceania will be delivering the system and the associated SPS installation support for the project located 300 kilometers north of Darwin. In a separate statement, ConocoPhillips’ partner in the project […]

  • 8 May 2019
    Business & Finance

    The USACE New England District’s evaluation of dredged material disposal projects has been collaboratively developed over a number of years with guidance from the Disposal Area Monitoring System (DAMOS) as well as input from the U.S. Environmental Protection Agency. It is based on the tiered approach outlined in the New England Regional Implementation Manual (RIM) […]

  • 6 May 2019

    Total has reached a binding agreement with Occidental to acquire Anadarko’s assets in Africa (Algeria, Ghana, Mozambique, South Africa) for a consideration of $8.8 billion in the event of a successful completion of Occidental’s ongoing bid for Anadarko.

  • 3 May 2019

    Monaco-based LNG shipper GasLog reported a $10.9 million loss for the first quarter of 2019, on a relatively weak LNG commodity and shipping markets. 

  • 3 May 2019
    Business & Finance

    Fire-stricken Yantian Express is likely to depart Freeport, Bahamas during the first half of May 2019.

  • 1 May 2019
    Business & Finance

    GasLog Partners: Spot market is set to strengthen in 2019 amid expected increase in new LNG supply.

  • 1 May 2019
    Business & Finance

    Euronav ended the first quarter of 2019 with a net gain of USD 19.5 million.

  • 29 April 2019
    Research & Development, Technology

    Earlier this month, the first consortium meeting was held in Bilbao, which will work in the coming years, until September 30, 2022, in the European project NEMMO (Next Evolution in Materials and Models for Ocean energy) . The project aims to design, model and test small-scale prototypes of larger, lighter and more durable composite blades […]

  • 29 April 2019

    Pont-Aven caught fire off the French coast in the early morning hours of April 29.

  • 29 April 2019

    Partners in the Duyung Production Sharing Contract in the West Natuna basin offshore Indonesia, which contains the Mako gas field, have agreed the upcoming drilling program. 

  • 29 April 2019
    Business & Finance

    Texas Representative Lizzie Fletcher talked with concerned citizens last week regarding flooding issues within her congressional district. The meeting was held April 25 at Memorial Drive United Methodist Church in Houston, the Galveston District of U.S. Army Corps of Engineers said in its latest releaes. Within Representative Fletcher’s 7th Congressional District, USACE Galveston District is […]

  • 26 April 2019
    Business & Finance

    Norwegian oil and gas company Aker BP saw a decrease in its quarterly profit and revenues due to a combination of factors including lower sales volume and prices and higher costs.  According to Aker BP’s financial statements published on Friday, the company’s total income in 1Q 2019 was $836 million compared to $944 million in […]

  • 26 April 2019

    GasLog Partners, the New York-listed spinoff of LNG shipper GasLog, reported a slide in profit for the first quarter of 2019.

  • 24 April 2019
    Business & Finance, Equipment, Operations & Maintenance

    Shell has announced a significant discovery at the Blacktip prospect in the deep-water U.S. Gulf of Mexico. Evaluation is ongoing and appraisal planning is underway to further delineate the discovery and define development options. “Blacktip is Shell’s second material discovery in the Perdido Corridor and is part of a continuing exploration strategy to add competitive […]