Search results for: Magnus

404 results

A list of search results

  • 21 March 2017
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    Kvaerner has signed a contract with Statoil for delivery of a FEED study on Johan Sverdrup Phase 2 for P2 Jacket. The work will be performed by Kvaerner’s specialised design engineering group for steel substructures. The contract is a call-off from the framework agreement that was entered into by Statoil and Kvaerner in 2014, and […]

  • 20 March 2017
    Business & Finance, Exploration & Production

    Norwegian offshore drilling contractor Borr Drilling, formerly known as Magni Drilling, is planning to buy 15 jack-up drilling rigs from Swiss-based Transocean for $1.35 billion.  Borr Drilling announced on Monday the signing of a letter of intent with Transocean for the acquisition of 15 high-specification jack-up rigs. The transaction consists of Transocean’s entire jack-up fleet, including ten rigs […]

  • 17 March 2017

    UK oil major BP is in talks with chemicals company Ineos for the sale of its Forties pipeline in the UK sector of the North Sea.  The Forties Pipeline System (FPS) is 100%-owned by BP. It is an integrated oil and gas liquid transportation and processing system with a nominal capacity in excess of one million […]

  • 14 March 2017
    Business & Finance

    Maersk Tankers, tanker arm of the Danish shipping conglomerate Maersk, has partnered up with Norsepower Oy, The Energy Technologies Institute (ETI), and Shell Shipping & Maritime, to install and trial Flettner rotor sails onboard one of the company’s tankers. Maersk Tankers will supply a 109,647-dwt Long Range 2 (LR2) product tanker vessel which will be retrofitted […]

  • 6 February 2017

    Israeli energy company Delek Group has launched a takeover offer for the oil company Ithaca Energy. According to Canada-based Ithaca, the offer is for a cash consideration of C$1.95 per share – this equates to £1.20 per share based on the exchange rate on 3 February 2017. Delek says the offer is $524 million. Ithaca’s board has […]

  • 2 February 2017
    Business & Finance

    Affected by a lengthy labour dispute with the Swedish Dockworkers’ Union, the container volumes at the Swedish Port of Gothenburg fell by 3 per cent to 798,000 TEU in 2016. “The container terminal has had a challenging year with the labour dispute with the Dockworkers’ Union, which has escalated and resulted in major disruptions,” Magnus Kårestedt, […]

  • 1 February 2017
    Business & Finance, Exploration & Production

    ConocoPhillips has reportedly extended its charter agreement for COSL’s accommodation rig, the COSLRival, currently operating on the Judy field in the UK North Sea. According to reports from the news website Petro.no (Norwegian language only), the contract for the COSLRival accommodation rig was extended for an additional two months. The initial contract for the charter between the […]

  • 30 January 2017
    Exploration & Production

    Norwegian offshore drilling contractor Borr Drilling, formerly known as Magni Drilling, has taken delivery of two jack-up drilling rigs from the bankrupt drilling contractor, Hercules Offshore.   Borr announced the delivery of two rigs last Tuesday, January 24. The jack-up rigs were renamed Frigg, formerly Hercules Resilience, and the Ran, formerly Hercules Triumph. The rigs are […]

  • 25 January 2017
    Business & Finance

    Finnish provider of auxiliary wind propulsion systems Norsepower Oy has inked an agreement with compatriot shipping company Viking Line to install its Rotor Sail Solution onboard the M/S Viking Grace, a liquefied natural gas (LNG) -fueled cruise ferry. The project is the first modern auxiliary wind propulsion technology installation onboard a ferry, according to Tuomas Riski, Norsepower’s CEO. […]

  • 12 January 2017
    Business & Finance

    Kvaerner has appointed Sturla Magnus as the new executive vice president (EVP) for Structural Solutions and responsible for Kvaerner’s yard at Verdal. He will start in his new position on April 01, 2017 at the latest. Previous EVP of Structural Solutions, Sverre Myklebust, stepped down at the end of 2016. Ole Petter Bjartnes will be interim […]

  • 11 January 2017
    Business & Finance

    Norway-based engineering and construction services company Kvaerner has appointed Sturla Magnus as new executive vice president (EVP) for Structural Solutions. The company said on Wednesday that Magnus will also be responsible for its yard at Verdal, Norway. He will start in his new position on April 1, 2017, at the latest. Previous EVP of Structural Solutions, Sverre Myklebust […]

  • 5 January 2017
    Business & Finance

    Oilfield services provider Expro has appointed a new senior project manager, aiming to strengthen its well abandonment services.  Expro said on Thursday that Bill Inglis was named the new senior project manager. The company launched fully integrated well abandonment services last year which included late-life reservoir management, permanent reservoir abandonment, and post abandonment monitoring. According to […]

  • 14 December 2016
    Business & Finance

    Swedish ferry operator Stena Line has renewed its planned maintenance agreement with MacGregor, part of Finnish Cargotec.  Covering a total of 39 roll-on/roll-off (RoRo) vessels owned by Stena Line, the agreement encompasses annual inspections, condition surveys, spare parts stock inventories and basic equipment adjustments. The contract includes ferries serving operations for Stena Line Scandinavia AB, […]

  • 5 December 2016
    Business & Finance, Operations & Maintenance

    The light well intervention/dive support vessel, MSV Seawell, has returned to service after a £60-million investment by its owners, Aberdeen-based Helix Well Ops (UK). Launched 30 years ago at the Pallion yard in Sunderland by North East Shipbuilders, the 114-metre long vessel has undergone a refit and upgrade to ensure it remains at the forefront […]

  • 22 November 2016
    Business & Finance, Operations & Maintenance

    Vattenfall Wind Power AB and Denmark’s Ziton A/S have signed a three-year framework agreement through which Ziton will become the main provider of jack-up vessels for major component replacements at Vattenfall’s offshore wind farms. Both companies agree that this is an important step in the right direction for a more efficient and cost reducing offshore wind market. Working […]

  • 27 October 2016
    Business & Finance, Storage

    Vattenfall’s Wind Business Area reported SEK 1.263 billion (EUR 130 million) in net sales in the third quarter of 2016, a 9% decrease compared to SEK 1.389 billion reported for the same period in 2015, due to ”lower prices received and less favourable wind conditions”. The Swedish energy company’s wind unit also recorded an underlying […]

  • 27 October 2016
    Business & Finance, Storage

    Vattenfall’s Wind Business Area reported SEK 1.263 billion (EUR 130 million) in net sales in the third quarter of 2016, a 9% decrease compared to SEK 1.389 billion reported for the same period in 2015, due to ”lower prices received and less favourable wind conditions”. The Swedish energy company’s wind unit also recorded an underlying […]

  • 17 October 2016

    As Maritime Holland readers undoubtedly know, the 2015 Paris Climate Agreement makes no reference to the shipping industry. However, this doesn’t mean that the sector is not making its own progressive steps on the matter. The recent contract between Switijnk Shipping, a family-owned Dutch shipping company, and C-Job Naval Architects for a Flettner Freighter is one example of how the shipping […]

  • 15 September 2016
    Business & Finance

    Vattenfall has appointed a new Chief Financial Officer (CFO). Stefan Dohler, who is currently Senior Vice President for the Business Area Markets and a member of Vattenfall’s group executive management team, will assume the new post on 1 December, and Vattenfall has already initiated the recruitment process for a new Head of Business Area Markets. […]

  • 3 August 2016
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    Subsea World News has gathered all the highlights to bring you a summarized version of the most popular articles from the previous month. Industry majors made the news again last month with new contract awards, including Saipem’s field development project for the Zohr gas field, located off the Egyptian coast in the Mediterranean sea. The project is part […]

  • 10 July 2016

    Subsea World News has put together a recap of the most interesting articles from the previous week (July 04 – July 10). Saipem said it has been awarded new contracts and variation orders in E&C offshore, for an overall amount in excess of 1.5 billion euros. The most significant contract relates to the field development project […]

  • 6 July 2016
    Business & Finance

    Bibby Offshore, a subsea services provider to the oil and gas industry, has secured a contract with the British oil giant BP. The 15 day project, due to start in August 2016, will see diving support vessel Bibby Topaz, working on four BP operations across three of its North Sea assets. The platforms involved include Central […]

  • 6 July 2016
    Business & Finance, Operations & Maintenance, Project & Tenders

    Bibby Offshore has won a contract with BP. The 15-day project, due to begin in August 2016, will see diving support vessel Bibby Topaz, working on four BP operations across three of its North Sea assets. The platforms involved include Central North Sea-based asset Bruce, east of Shetland-based Magnus, and the Mirren field, which is part of […]

  • 8 June 2016
    Business & Finance, Equipment

    ABB, the EPC contractor for the delivery of control equipment for the Trans-Anatolian Natural Gas Pipeline (TANAP), has contracted OptaSense, a QinetiQ company, and its partner Optilan to provide leak detection and security packages for the pipeline. Control infrastructure includes telecommunication, pipeline monitoring, security systems, control systems and integrating SCADA (supervisory control and data acquisition). The TANAP natural gas pipeline […]

  • 2 June 2016
    Business & Finance

    Swedish state-owned energy company Vattenfall is about to start the construction of the 400MW Horns Rev 3 offshore wind farm off the west coast of Denmark, which once commissioned in 2018 will be the largest offshore wind farm in Danish waters. The total investment into the project will be just over EUR 1 billion, Vattenfall said. The wind farm […]