2876 results found for 'zagreb-1'

2876 results found for 'zagreb-1'
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  • Noble shreds three rigs

    5 February 2015
    Exploration & Production

    Drilling contractor Noble Corporation has informed that the company will retire three of its semi-submersible drilling rigs Noble Paul Wolff, Noble Driller and Noble Jim Thompson.  Noble Corporation also reported a fourth quarter 2014 loss from continuing operations of $595 million, or $2.38 per diluted share. Results for the quarter included an after-tax charge of […]

  • Japan: MHI Inks Construction Contract for Two Sayaendo Series LNG Carriers

    28 October 2011

    Mitsubishi Heavy Industries, Ltd. (MHI), has agreed with Osaka Gas International Transport Inc. (OGIT), a group company of Osaka Gas Co., Ltd., and Mitsui O.S.K. Lines, Ltd to build two new-generation liquefied natural gas (LNG) carriers. The event will represent the first construction of the “Sayaendo” Series, which significantly improves fuel consumption and maintainability through […]

  • AltaGas Enters Deal to Buy Pacific Northern Gas (Canada)

    1 November 2011

    AltaGas Ltd. announced that it has entered into a definitive agreement with Pacific Northern Gas Ltd. (PNG) pursuant to which AltaGas will indirectly acquire all of the issued and outstanding common shares of PNG  for $36.75 cash per PNG Share pursuant to a statutory plan of arrangement under the Business Corporation Act(British Columbia). “PNG is […]

  • Many Govts Still Not Ready for PSC Inspections ahead of Sulphur Switch

    22 July 2014
    Business & Finance

    The International Chamber of Shipping (ICS) is encouraging the Paris Memorandum of Understanding on Port State Control to ensure that a harmonised approach to PSC inspections has been developed in advance of the 1 January 2015 deadline with respect to the implementation of the 0.1% Sulphur Emission Control Areas (ECAs), established in accordance with MARPOL […]

  • Shell’s 1Q Earnings Reach USD 7.7 bln

    26 April 2012
    Business & Finance

    Shell’s first quarter 2012 earnings increased from year-ago levels, through a combination of improved operating performance, increased upstream volumes and strong oil prices.

  • UK: Bridge Buys 50 pct Stake in Duart Field from Nexen

    29 September 2011
    Business & Finance

    Bridge, the Oslo Axess-listed oil and gas exploration and production company announced that it has signed a Sale & Purchase Agreement to acquire a 50% working interest in the producing Duart field from Nexen Petroleum Dragon UK Limited for a consideration of $38.3 million (the “Transaction”). The interest will add daily production of 750 barrels […]

  • Rialto Energy Wraps Up Vitol Deal, Pens New PSC (Cote d’Ivoire)

    8 November 2013
    Business & Finance

    Rialto has completed the previously announced transaction with Vitol E&P (“Vitol”) and also signed a new Production Sharing Contract (“PSC”) for Block CI-202, offshore Cote d’Ivoire, replacing the previous PSC. As announced on 16 September 2013, Rialto already had in place a Memorandum of Understanding (“MoU”) with the Cote d’Ivoire Ministry of Petroleum & Energy […]

  • Tullow Acquires Spring Energy Norway for $372 Mln

    11 December 2012

    Tullow Oil plc announces today that it has entered into an agreement to acquire Spring Energy Norway AS (“Spring”), a Norwegian exploration company, for a purchase price of $372.3 million which will be adjusted for working capital. The purchase has an effective date of 1 September 2012. Tullow is also announcing today that it intends […]

  • Russia, Venezuela Ink MoU for Offshore Exploration

    1 February 2013

    On January 29-30, Igor Sechin, President and Chairman of the Management Board at Rosneft, led a Russian delegation comprising representatives from INTER RAO UES, RusHydro, Uralmash NGO Holding and Kamaz, as well as Russian bankers and businessmen, on a working visit to Venezuela. The head of Rosneft held talks with Venezuelan Vice President Nicolás Maduro […]

  • Teekay LNG Wants to Be Treated as Corporation

    15 November 2018
    Business & Finance

    Teekay LNG Partners plans to amend its US tax status to be treated as a corporation instead of a partnership.

  • McDermott reports ‘slight loss’

    21 February 2017
    Business & Finance

    Houston-based engineering, procurement, construction and installation company McDermott International ended the last quarter of 2016 with a net loss due to an unexpected cost increase on one of its projects. However, when compared to the year-before period, the company’s loss was smaller.  According to its quarterly report on Tuesday, fourth quarter 2016 earnings attributable to McDermott […]

  • UAE: Piracy Issue Back on Maritime Agenda

    11 October 2011
    Business & Finance

      Global attacks on ships rose to an all-time high of 266, during the first six months of 2011 up from 196 in 2010 according to the International Maritime Bureau (IMB). More than 117 ships were attacked and 20 seized, by pirates off the coast of Somalia alone since January 1, 2011, holding 28 ships […]

  • NSTA’s plan to reduce UKCS greenhouse gas emissions puts electrification in the spotlight

    29 March 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Outlook & Strategy, Project & Tenders, Regulation & Policy, Rules & Regulation, Transition, Vision

    UK regulator North Sea Transition Authority (NSTA) has launched a new emissions reduction plan highlighting that action is required for production decarbonization, including action on flaring and venting and the electrification of oil & gas installations, to ensure the future of the industry and achieve net zero targets. According to the NSTA, the industry has done an […]

  • UK unleashes £12 million for zero-emission maritime technologies

    24 May 2022
    Authorities & Government, Business & Finance, Business Developments & Projects, Outlook & Strategy, Transition

    The UK government has announced a multi-million investment that aims to kickstart innovation in the maritime sector and tackle shipping emissions.

  • Update: Maersk finds work for jack-up drilling rig

    26 June 2017
    Business & Finance, Exploration & Production

    Maersk Drilling has reportedly managed to find a contract for its Maersk Convincer jack-up drilling rig. According to a report by VesselsValue, Shell has hired the jack-up rig on a contract long one year and three months. The contract, of an undisclosed value, is expected to start in 2018, according to VesselsValue. Offshore Energy Today […]

  • UK’s Oil and Gas Authority gets independence date

    10 August 2016

    UK’s Oil and Gas Authority (OGA) will be established as an independent regulator by the UK Government as of October 1, 2016. To remind, UK’s Energy Bill in July 2015 introduced the Oil and Gas Authority as an independent oil and gas regulator in the UK, and the regulator received the royal assent in May 2016. OGA […]

  • Ezra Makes Changes to Its Board (Singapore)

    27 August 2012
    Business & Finance

    Ezra Holdings Limited will make a number of changes to its Board to better align the experience of its Directors to the Group’s growth aspirations and steer its global strategy forward. The Group’s founder Mr Lee Kian Soo, a well-known and respected figure in the offshore oil & gas industry, will retire as Executive Chairman […]

  • Maersk Oil posts $2.1B loss for 2015

    10 February 2016

    Danish oil company Maersk Oil made a loss of $2.1bn in 2015, compared to a loss  of $861 million in the full year 2014. According to the oil firm, the result was negatively affected by impairments after tax of $2.6 billion due to the low oil price expectations. The underlying profit was down to $435 milion, from […]

  • Atlantis Achieves Significant Milestones in 2014

    24 September 2014
    Business & Finance, Equipment, Operations & Maintenance

    Atlantis, owner of the world’s largest planned tidal stream energy project, MeyGen Limited (MeyGen), has announced its Interim Results for the six months to 30 June 2014. 2014 has been an exciting year to date, notably making Atlantis’ transition to a public company and celebrating the finalisation of a £51 million funding package for the […]

  • Danaos Sets Sights on Acquiring Second-Hand Post Panamaxes

    4 November 2015
    Business & Finance

    Danaos Corporation, Piraeus-based containership charter owner, reported an adjusted net income of USD 43.8 million for the three months ended September 30, 2015 compared to USD 18 million reported in the same period last year. Danaos attributed the increase of USD 25.8 million in adjusted net income to a reduction of $21.8 million in net finance costs mainly […]

  • Ryder CEO Steps Down, USA

    7 January 2013

    Ryder System announced that Chairman and Chief Executive Officer Gregory T. Swienton (63) will retire at the time of the Company’s annual meeting of shareholders on May 3, 2013. As part of the succession plan approved by Ryder’s Board of Directors, effective January 1, 2013, Ryder’s President and Chief Operating Officer Robert E. Sanchez (47), […]

  • A win for coexistence in North Sea | BP and Ørsted reach agreement on offshore wind-CCS project overlap area

    26 June 2023
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Infrastructure, Regulation & Policy

    Ørsted and BP have reached an agreement on the previously disputed overlap area between the Hornsea Four offshore wind farm and the Endurance carbon storage site, developed by the Northern Endurance Partnership (NEP) that gathers BP, Equinor and TotalEnergies. Quick overview: Ørsted submitted an application for the development consent order (DCO) for the 2.6 GW […]

  • UN adopts historic High Seas Treaty

    20 June 2023
    Authorities & Government, Collaboration, Environment, Green Marine, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition

    The UN’s 193 member states adopted a legally binding marine biodiversity agreement on Monday following nearly two decades of negotiations over forging a common wave of conservation and sustainability in the high seas beyond national boundaries – covering two thirds of the planet’s oceans. It forms the substance of an international legally binding instrument under […]

  • Providence cuts jobs and directors while waiting on Chinese loan

    5 August 2019
    Business & Finance, Project & Tenders

    Providence Resources has decided to lay off all of its technical and support staff and downsize its board. The company is still waiting on the Chinese loan to cover the costs of a survey and pre-drill well consenting for the Barryroe prospect offshore Ireland.

  • Capricorn’s NewMed merger plan runs up against strong shareholder opposition

    11 January 2023
    Business & Finance, Business Developments & Projects, Human Capital, Market Outlooks, Outlook & Strategy, Project & Tenders, Regulation & Policy, Rules & Regulation

    Certain shareholders have voiced concerns over Capricorn’s proposed merger with Israel’s NewMed, seeing it as “profoundly unfavourable.”