Business & Finance
Fred. Olsen Production Inks Contract Extension for FPSO (Norway)
Fred. Olsen Production and BW Offshore have signed a contract with Vaalco Energy for a five year extension for the lease and operation of the FPSO Petróleo Nautipa. The FPSO is owned 50% by Fred. Olsen Production and 50% by BW Offshore. The firm period has been extended to Q3 2020 (from Q3 2015), wi
UK: Aquamarine Power Appoints New Chairman and Director
Wave energy developer Aquamarine Power has today named Paul Capell as its new chairman. He replaces Mervyn Jones who has served as the company’s chairman since 2007. An experienced CEO and chairman, Capell has worked extensively in the renewable energy, water, oil and gas sectors and has a 30 year t
Denmark: Vestas Dismisses Allegations Regarding Debt Restructuring Talks
According to Reuters, the Danish wind turbine manufacturer Vestas dismissed the allegations that the company was considering putting itself up for sale and had entered debt restructuring talks with its lenders. The allegations were that the company’s banks had given it an “ultimatum”, demanding the
Vroon Holds Naming Ceremony for VOS Shine (The Netherlands)
Vroon announced that the namegiving ceremony for VOS Shine took place on Thursday 28 June 2012, in Den Helder, the Netherlands. VOS Shine was christened by Mrs Gwen Klaphake, wife of Mr Rolf de Vries, Managing Director, Blue Stream Offshore B.V.. Blue Stream Offshore B.V. is the first charterer of t
Vroon Holds Naming Ceremony for Subsea Support Vessel (The Netherlands)
Dutch shipping company, Vroon Offshore Services (VOS) held the namegiving ceremony for VOS Shine on Thursday 28 June 2012, in Den Helder, the Netherlands. VOS Shine was christened by Mrs Gwen Klaphake, wife of Mr Rolf de Vries, Managing Director, Blue Stream Offshore B.V.. Blue Stream Offshore B.V.
Finland: Arctic Offshore Vessel NB-506 Launched
Arctic offshore vessel NB-506 was launched at Helsinki Shipyard on Saturday 30 June 2012. The hull assembly of sister vessel will start in the beginning of July, after the launch. Arctech is building the vessels for Russian shipping corporation Sovcomflot and they will supply the Arkutun-Dagi oil an
The Netherlands: Royal Haskoning and DHV Announce Official Merging
Royal Haskoning and DHV announce they have officially merged and will now be known as Royal HaskoningDHV. The company, headquartered in Amersfoort, the Netherlands, is one of Europe’s leading project management, engineering and consultancy service providers, ranking globally in the top 10 of indepen
Total: Absheron Discovery Declared Commercial (Azerbaijan)
A ‘Notice of Discovery and its Commerciality’ for the Absheron discovery was submitted on June, 1 on behalf of the partnership Socar – Total – GDF Suez by operator Total E&P Absheron. The step is described as “an important milestone in the frame work of the Agreement on Exploration, Development and
Statoil Acquires Data on New Discovery in Norwegian North Sea
Exploration well 2/4-21 drilled by the jack-up rig Maersk Gallant in production licences 146 and 333, has proven a 48-metre gas/condensate column in the main bore 2/4-21 and an additional 70-metre gas/condensate column in the side-track 2/4-21A. Statoil estimates the total volumes in King Lear to be
Finland: Arctech Launches Arctic Offshore Vessel
Arctic offshore vessel NB-506 was launched at Helsinki Shipyard on Saturday 30 June 2012. The hull assembly of sister vessel will start in the beginning of July, after the launch. Arctech is building the vessels for Russian shipping corporation Sovcomflot and they will supply the Arkutun-Dagi oil an
King Lear: Statoil’s New High Impact Discovery (Norway)
Statoil has made a significant gas and condensate discovery in the King Lear prospect in the southern part of the Norwegian North Sea along with its partner Total E&P Norge. Exploration well 2/4-21 drilled by the jack-up rig Maersk Gallant in production licences 146 and 333, has proven a 48-metre ga
The Netherlands: Successful Naming and Launch Ceremony for ARTEMIS
IHC Merwede has successfully named and launched the self-propelled cutter suction dredger, ARTEMIS, in a ceremony on 30 June 2012 at its shipyard in Sliedrecht, The Netherlands. The ARTEMIS, which is being manufactured for Van Oord, is one of the largest cutter suction dredgers ever built in The Net
Dockwise Buys More Fairstar’s Shares (The Netherlands)
Dutch marine transport specialist Dockwise today announces that, through its wholly-owned subsidiary Dockwise White Marlin B.V., Dockwise now controls 80.4% of the outstanding shares of Fairstar Heavy Transport N.V. (“Fairstar”). Over the weekend shares were bought from various shareholders includin
Belgium: Antwerp, Dalian Port Authorities Ink MoU
Antwerp Port Authority has signed a Memorandum of Understanding with Dalian Port Authority. In the MoU both parties express the desire to extend their collaboration and to boost trade between the two ports. For this purpose they have undertaken to exchange know-how and experience, in particular in t