Business & Finance
Scottish Energy Minister to Meet Baden-Württemberg Politicians
Energy Minister Fergus Ewing will today meet with politicians from one of Germany’s major Federal States to discuss shared interests and opportunities in the growing domestic and international low carbon economy. On the final day of his three-day visit to Germany, Mr Ewing will meet with Franz Unter
Norway: North Atlantic Drilling Gets Extension of Contract for West Alpha
North Atlantic Drilling has received a letter of intent from ExxonMobil for assignment of the harsh environment semi-submersible drilling unit West Alpha. The extension has a firm period of two years with an estimated revenue value of US$410 million. Commencement of operations under the contract ext
ExxonMobil to Hire West Alpha Rig for USD 410 Mln (Norway)
Seadrill’s subsidiary North Atlantic Drilling has received a letter of intent from ExxonMobil for assignment of the harsh environment semi-submersible drilling unit West Alpha. The extension has a firm period of two years with an estimated revenue value of US$410 million. Commencement of operations
Norway: Havyard to Design Field Support Vessel for Atlantic Offshore
The Fosnavag-based Havyard Group AS was today officially unveiled as supplier of a Havyard 820 design for the shipping company Atlantic Offshore. Atlantic Offshore is located at Sotra just outside Bergen and has a fleet of 22 vessels. The company has around 580 employees. The vessel is a standby ves
Navios Maritime Holdings to Offer Ship Mortgage Notes (USA)
Navios Maritime Holdings Inc. announced yesterday that it and Navios Maritime Finance (US) Inc., its wholly owned finance subsidiary intend to offer through a private placement, subject to market and other conditions, approximately $88 million of 8 7/8% first priority ship mortgage notes due 2017. T
Fugro Wins Hydrographic Baltic Sea and Bothnian Survey (Germany)
Fugro OSAE GmbH (Bremen, Germany) has been awarded an allocation of the Baltic Sea and Bothnian Survey for the years 2012-13, consisting of a 7,100km² segment worth EUR 2.1 million. Data acquisition will be accomplished by Fugro vessels, two of which, M.V. Meridian and M.V. Victor Hensen, have alrea
Atlantic Offshore Orders Field Support Vessel from Havyard (Norway)
Atlantic Offshore chose a Havyard design when securing a North Sea agreement with the France-based international oil and gas corporation Total. The Fosnavåg-based Havyard Group AS was today officially unveiled as supplier of a Havyard 820 design for the shipping company Atlantic Offshore. Atlantic O
Norway: Kvaerner Orders Goliath Crane from Konecranes
In June 2012 Konecranes received an important order for a Goliath gantry crane from Kvaerner in Norway. The Goliath gantry crane will be in operation at Kvaerner’s facilities at Stord on November 2013. The parties have agreed not to disclose the value of the order. The markets on the Norwegian Conti
The Netherlands Extends Its Protection of Food Transports to Somalia
The deployment of a Dutch military security team for the protection of World Food Programme transports to Somalia will be extended by a maximum of 3 months. That was the upshot of a letter sent to the House of Representatives on behalf of the Government by Minister of Foreign Affairs Rosenthal and M
Ensco Waves Goodbye to Executive VP and COO (UK)
William S. Chadwick, Jr., Executive Vice President and Chief Operating Officer of Ensco plc, will retire from the company effective 31 August 2012. Mark Burns, currently Senior Vice President – Western Hemisphere, will succeed Mr. Chadwick as Executive Vice President and Chief Operating Officer. “It
Transas TX-97 Non-Official Chart Collection Includes Ukrainian Chart Folios
Transas TX-97 non-official chart collection now includes Ukrainian chart folios. The agreement was signed between Transas Marine Ltd and the State Hydrographic Service of Ukraine in May 2012 allowing Transas to use official ENC’s and Inland ENC’s to create TX-97 folios. New charts will be available
Oil & Gas UK to Discuss the Role of Natural Gas
The role of natural gas in the UK’s energy mix is the focus of Oil & Gas UK’s forthcoming breakfast briefing. The event, which is sponsored by Herbert Smith and The Royal Bank of Scotland, is being held on 12 July in London. Mike Tholen, Oil & Gas UK’s economics and commercial director, said: “The [
UK: Lord-Lieutenant Presents Queen’s Award for Enterprise to SMD
SMD has been formally presented with a Queen’s Award for Enterprise by the Lord-Lieutenant of Tyne and Wear. The Lord-Lieutenant, Mr Nigel Sherlock, presented the Award in the International Trade Category as part of a visit to SMD’s head office and manufacturing facilities in Wallsend, North East En
Statoil Gets Approval to Use Deepsea Bergen Rig for Norwegian Sea Ops
Norway’s oil and gas exploration and production company Statoil has received consent to use the Deepsea Bergen Semisubmersible rig on the Norwegian sea fields. The company recently informed Odfjell Drilling that it was exercising the option for maximum duration of the new drilling contract, which me