2236 results found for 'ulstein'

2236 results found for 'ulstein'
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  • Statnett Gets Green Light for Two Major Subsea Cable Links

    13 October 2014
    Business & Finance, Equipment, Operations & Maintenance

    Today, the Norwegian Ministry of Petroleum and Energy has granted Statnett licences to construct interconnectors to Germany and the UK. These projects have thus taken an important step closer to realisation. “We are very pleased that the Ministry has now issued licences for the two planned subsea cables to Germany and the UK. This is […]

  • HSH Nordbank’s Shipping Loan Loss Provisions at USD 1 Bn

    9 December 2016
    Business & Finance

    As the shipping market remained in very difficult conditions, the German-based provider of shipping finance HSH Nordbank reported a “substantial” loan loss provisioning on ship loans in the first nine months of 2016. Namely, the bank said the loan loss provisioning of EUR -979 million (USD 1.03 billion) before the guarantee had to be applied during […]

  • Reach Subsea makes moves to meet increasing demand for subsea services

    12 February 2024
    Business & Finance, Business Developments & Projects, Outlook & Strategy, Project & Tenders, Vessels

    Norway-headquartered Reach Subsea has secured charters for two vessels with the aim of meeting the increasing demand in the subsea services market. Reach Subsea has secured charters for the Northern Maria and Olympic Taurus. For Northern Maria, the charter arrangement includes a three-year firm period and 6+6 months options. According to Reach Subsea, Northern Maria […]

  • Port of Kiel eyes autonomous ferry operations with new 5G project

    21 August 2020
    Automation, Business Developments & Projects, Infrastructure, Innovation, IT & Software, Ports & Logistics, Technology

    Germany’s city of Kiel announced plans to use the 5G network technology for autonomous ferry shipping operations in the port area.

  • Kongsberg Maritime to deliver first Reach Remote unmanned surface vessels

    13 April 2022
    Business & Finance, Business Developments & Projects, Project & Tenders, Technology, Transition, Vessels

    Reach Subsea has awarded Kongsberg Maritime with a contract for the delivery of the first two in a series of Reach Remote unmanned surface vessels (USVs), which will serve as mobile power banks, data centers and communication modules for remotely operated vessels (ROVs). The USVs will be dedicated to survey, inspection, and light repair operations […]

  • Correll wins another Kaskasi contract

    18 November 2021
    Operations & Maintenance, Project & Tenders

    Correll Group has secured a contract with Asso.subsea to carry out the export cable pull-in at the Kaskasi II offshore wind project in Germany.

  • BP Completes Sale of its U.S. Gulf Assets to PXP

    2 December 2012
    Business & Finance

    BP has completed its sale of a number of oil and gas fields in the deepwater US Gulf of Mexico to Plains Exploration & Production Company (‘PXP’). BP on September 10, 2012 agreed to sell the fields to PXP for $5.55 billion in cash subject to customary post-closing adjustments, with an effective date of October […]

  • Freeport-McMoRan to slash Gulf of Mexico rigs

    9 December 2015
    Exploration & Production

    Freeport-McMoRan Oil & Gas has decided to further reduce costs for its oil and gas capital spending plans as a response to market conditions. The company previously reported it was deferring investments in several long-term projects in response to oil and gas market conditions. Following an ongoing review, capital expenditures for 2016 and 2017 have been reduced […]

  • Statoil, Partners Stop Work on Snohvit Expansion (Norway)

    2 October 2012

    The owners in the Snøhvit license have decided to stop the work on a possible capacity increase on Melkøya. The license has concluded that the current gas discoveries do not provide a sufficient basis for further capacity expansion. The license has not determined whether LNG or a pipeline solution is the best concept for a […]

  • Inflow tidal assessment spot open on Queen’s Uni Belfast

    23 July 2018
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    The Bryden Centre at Queen’s University Belfast is looking for a post-graduate researcher that would work on the assessment of the influence of inflow characteristics on tidal turbines.

  • Reach Subsea inks charter contract for low-emission survey vessel

    9 November 2023
    Business & Finance, Business Developments & Projects, Environment, Green Marine, Innovation, Outlook & Strategy, Project & Tenders, Transition, Vessels, Vision

    Reach Subsea has signed a three or five-year charter contract, including additional options, with Agalas for a low-emission IMR/survey vessel with a smart lifting arrangement and an equipment package that can be adapted to several market segments. The new vessel, set to be constructed at the Sefine Shipyard in Turkey, will be tailored to Reach […]

  • Neptune in frame agreement with Neodrill for CAN technology

    14 December 2020
    Business & Finance, Business Developments & Projects, Equipment, Exploration & Production, Infrastructure, Project & Tenders

    Neodrill, known for its CAN (Conductor Anchor Node) technology, has signed a frame agreement and announced its first two projects with Neptune Energy.

  • Statoil and Petoro Announce Significant Gullfaks Discovery (Norway)

    19 April 2013
    Business & Finance, Operations & Maintenance, Research & Development

    Statoil and partner Petoro have proven considerable additional resources in the Shetland Group/Lista Formation in the Gullfaks licence. The Shetland Group and the Lista Formation are younger and slightly shallower deposits with different properties compared to the deposits of the Brent Group where the Gullfaks main reservoirs are located. Indications of hydrocarbons in the Shetland […]

  • EMGS makes interim chief executive officer permanent

    31 May 2019
    Business & Finance

    Electromagnetic Geoservices (EMGS), a Norwegian geophysical services company, has given its interim chief executive officer a permanent role.

  • Caterpillar Marine to Launch Its Cat Propulsion Twin Fin System

    18 June 2014
    Technology

    Caterpillar Marine will launch the Cat Propulsion Twin Fin System at the 2014 ITS Hamburg Conference and Exhibition, June 16th – 20th. The Cat Propulsion Twin Fin System is a new diesel-electric solution that saves on fuel and emissions, while improving overall vessel performance. The Twin Fin System protects all of the propulsion mechanical parts […]

  • Keel Laid for Holland America’s Largest Ship

    27 August 2014
    Business & Finance

    Seattle-based cruise company Holland America Line celebrated the keel laying of its new 2,650-guest Pinnacle Class ship on Aug. 22 at Fincantieri’s Marghera shipyard in Italy. A 680-ton block was lowered by crane into the yard’s building dock, marking the official beginning of construction. The 99,500-gross-ton ship is scheduled for delivery in February 2016. The […]

  • With sevenfold increase in backlog, Reach Subsea sees another ‘record’ year

    14 February 2023
    Business & Finance, Business Developments & Projects, Outlook & Strategy

    Norway-headquartered Reach Subsea has achieved “record” high revenue and operating profit for the full year and fourth quarter of 2022, with its order backlog seven times higher than in the year earlier. For the full year of 2022, revenue grew to NOK 1,163 million (around €107.3 million) whereas EBIT ended at NOK 105.2 million (around […]

  • TenneT Starts NordLink Cable-Laying in German North Sea

    4 September 2018
    Business & Finance, Equipment, Operations & Maintenance

    Transmission system operator TenneT has begun laying its NordLink subsea cable section in the German North Sea. During the next weeks TenneT will wind out 99 kilometres into the seabed between the cable landfall at the Büsum dike (Schleswig-Holstein) and southwest of the Island of Sylt through the tidal flat area (Wadden Sea). Next year, […]

  • Reach, MMT in ‘Surveyor Interceptor’ Trials

    16 December 2014
    Business & Finance, Equipment, Operations & Maintenance

    Reach Subsea and MMT have announced, after one week with offshore testing from the vessel Edda Fonn, that the Surveyor Interceptor is performing according to expectations, both on speed and the survey data quality. Reach Subsea ASA (Reach) has, as previously announced, together with survey partner MMT Sweden AB (MMT) and manufacturer Kystdesign, developed this […]

  • MMT, Reach Subsea win Nord Stream inspection work

    18 May 2017
    Business & Finance

    Sweden-based marine surveys specialist MMT has been awarded a three-year contract by Nord Stream AG for inspection of both lines of the Nord Stream Pipeline running through the Baltic Sea from Russia to Germany. The company said on Wednesday that the external inspection of the pipeline would be executed by a joint venture between MMT […]

  • EIB Lends EUR 450 Million for German Offshore Wind Farm

    8 February 2013

    The European Investment Bank (EIB) is lending EUR 450m for the Butendiek wind farm, which will be one of the biggest offshore wind projects so far in the German part of the North Sea. With 80 turbines, it will have a total generating capacity of 288 MW. This ambitious project will cost a total of […]

  • Reach Subsea takes delivery of first Reach Remote USV

    16 January 2025
    Business Developments & Projects, Project & Tenders, Vessels

    Norway’s Reach Subsea has taken delivery of its first uncrewed surface vessel (USV), Reach Remote 1, marking the completion of technical installations, testing, and documentation. According to Reach Subsea, the company completed the final handover today, on January 16, 2025, together with Kongsberg Maritime and Trosvik AS. The Reach Remote 1, a 24-meter USV, is […]

  • Reach Subsea, MMT stay on Nord Stream survey duty

    18 February 2021
    Infrastructure, Operations & Maintenance, Project & Tenders

    Norwegian contractor Reach Subsea and its Swedish partner MMT have landed a three-year deal, with two one-year options from Nord Stream AG. This award follows on from the original contract for inspection of both lines of the Nord Stream Pipeline running through the Baltic Sea from Russia to Germany awarded in 2017. The yearly inspections […]

  • MMT to perform US surveys for Equinor

    30 April 2020
    Operations & Maintenance

    Equinor Wind US has awarded a contract for geophysical survey services to MMT US, a subsidiary of MMT Group. The contract covers high resolution geophysical, benthic surveys and shallow subsurface surveys for the planning and engineering of Equinor’s lease area offshore New England. The project will be performed utilising the Stril Explorer vessel, which is […]

  • Flex LNG Secures USD 315 Mn to Finance Newbuildings

    21 November 2017
    Business & Finance

    Oslo-listed ship owner and operator Flex LNG has reached an agreement on a loan facility to finance three of its newbuildings, scheduled for delivery in the first half of 2018. The company received a firm offer for a USD 315 million term loan facility (TLF) on November 14, agreed to be drawn in connection with the delivery of […]