Business & Finance
Subsea 7 Bags SURF Contract for Knarr Field (Norway)
Subsea 7 S.A. announced today the award of a SURF contract valued at approximately $400 million from BG Norge Limited, for the development of the Knarr field, in the Norwegian Sector of the North Sea. The contract is for the engineering, procurement, construction and installation of a 4.5 km flowlin
Subsea 7 SURFs on BG’s Knarr Field Offshore Norway
Subsea 7 S.A. announced today the award of a SURF contract valued at approximately $400 million from BG Norge Limited, for the development of the Knarr field, in the Norwegian Sector of the North Sea. The contract is for the engineering, procurement, construction and installation of a 4.5 km flowlin
Dutch Fugro Takes Delivery of Q1400 Trenching System
Fugro Salt Subsea took delivery of the first of their two “state-of-the-art” High Performance Q1400 Trenching Systems from manufacturer Soil Machine Dynamics Ltd (SMD) in June this year. The second system is due for delivery in September 2012. The Q1400 Trenching System will undertake comprehensive
Croatia: 3. Maj Shipyard Launches Second Vessel for Wisby Tankers
At a ceremony held on June 30 2012, a newbuild tanker was launched from 3. Maj Shipyard’s Slipway No. 2. This is the second vessel in a series of four tankers the shipbuilder 3. Maj has constructed for the Swedish company WISBY TANKERS. The tanker, designed to carry concrete, oil and chemicals, is 1
UK: SeaEnergy Announces SERL Sale Details
SeaEnergy has announced that, pursuant to the Sale and Purchase Agreement dated 4 June 2011 between the Company and Repsol Nuevas Energias S.A. (“Repsol”), the Retention Amount of £3,000,000 plus interest became due for payment on 28 June 2012. The Company was notified on 27 June 2012, of a warranty
Luxembourg: EIB to Finance Northwind Project with EUR 333 Million
The European Investment Bank (EIB) will grant EUR 333 million to finance the Northwind offshore wind power plant. The financial close, which was announced yesterday, will cover the construction and operation of a 216 MW offshore wind farm to be built on a sandbank located 37 km from the port of Oste
Luxembourg: EIB to Finance Northwind Project with EUR 333 Million
The European Investment Bank (EIB) will grant EUR 333 million to finance the Northwind offshore wind power plant. The financial close, which was announced yesterday, will cover the construction and operation of a 216 MW offshore wind farm to be built on a sandbank located 37 km from the port of Oste
New Managing Director for Damen Shiprepair Brest (FR)
As of mid July 2012, Mr Jos Goris will actively take up the post of managing director for Damen Shiprepair Brest (DSB). Mr Goris succeeds Mr André Hollander, who managed the yard (formerly known as Sobrena) from the moment Damen Shipyards Group took over its operations three months ago. He will rema
STX to Construct Two PSVs for Island Offshore (Norway)
STX OSV Holdings Limited (“STX OSV”), one of the major global designers and shipbuilders of offshore and specialized vessels, announced that it has secured new contracts for the construction of two Platform Supply Vessels (PSV) for Island Offshore. The total value of the contracts amounts to approxi
Maasvlakte 2: Seawall Closure Set for July (The Netherlands)
On 11 July, the high point in the construction of Maasvlakte 2 will occur. Then, at slack water, when the current is at its weakest, the gap in the 11 km long seawall will be closed. From that moment, the Dutch coastline will be changed forever and the new land will be well protected from […]
Nord Stream Completes Tie-Ins of Second Gas Pipeline
Nord Stream has successfully completed the second of the two underwater tie-ins of its second gas pipeline through the Baltic Sea on 28 June. The 1,224-kilometre offshore pipeline is now complete and will be de-watered and dried before being joined to the onshore landfall sections in Russia and Germ
VolkerWessels Wins Cabling Contract for German Meerwind Offshore Wind Farm
VolkerWessels subsidiary Visser & Smit Marine Contracting (VSMC) has been awarded a contract from WindMW GmbH for the installation of cables for the Meerwind Offshore Wind Farm which is currently under construction in Germany. The award of the contract consolidates VSMC’s position as market leader i
VolkerWessels Wins Cabling Contract for German Meerwind Offshore Wind Farm
VolkerWessels subsidiary Visser & Smit Marine Contracting (VSMC) has been awarded a contract from WindMW GmbH for the installation of cables for the Meerwind Offshore Wind Farm which is currently under construction in Germany. The award of the contract consolidates VSMC’s position as market leader i
Wärtsilä Awarded to Power Six New Pipe Laying Vessels for Brazil
Wärtsilä power and positioning systems have been selected for ships being built for use by the Brazilian energy giant Petrobras. The proven reliability and superior efficiency of these systems, which results in lower operating costs, fewer emissions and less maintenance, are cited as reasons for the