Business & Finance
Avance Gas Holding Expands VLGC Fleet (UK)
Stolt-Nielsen Limited announced today that Avance Gas Holding Ltd. (AGHL), a joint venture between Sungas Holdings Ltd. and Stolt-Nielsen Gas Ltd. has reached an agreement with Transpetrol Shipping Ltd. (Transpetrol) whereby Transpetrol will sell its two very large gas carriers (VLGC) to AGHL in ret
Subsea UK: Industry Growth Demands More Employees
The industry body which represents over 250 companies across the UK has revealed that 10,000 jobs could be created in the sector in the next 12 months. Following a survey, Subsea UK has found that almost one fifth of its membership will need over 2,000 people in the next 12 months to cope with the [
Gardline Vessel George D Starts Its Journey to Cameroon Onboard MV Pangini
Gardline’s coastal survey vessel the George D, named after the founder of the company, George Darling was lifted from the dock in Great Yarmouth early Tuesday morning and loaded onto the mighty 7002 tonne MV Pangini for its transportation to Douala, the largest port and city in Cameroon. The George
Finland: Deltamarin to Design B.Delta37 Bulk Carriers
Deltamarin has entered into a new contract with Yangfan Group (China) for the design of B.Delta37 Bulk Carriers to be built for d’Amico Societa di Navigazione S.p.A. who placed with the Chinese builder a series of six fixed orders and six options. Deltamarin will procure the Basic Design, part of th
RWE Seeks German Government’s Compensation for Grid Connection Delays
Incoming Chief Executive of RWE, Peter Terium, said that substantial delays in Nordsee Ost offshore wind farm connection to the grid jeopardize the project’s profitability. Mr. Terium told the weekly magazine Der Spiegel that RWE is inviting the German Government to discuss possible compensation add
UK: Rolls-Royce to Lead Unmanned Naval Vehicle Missions Project
Rolls-Royce, the global power systems company, will lead a project to develop new technologies to support unmanned naval vehicle missions, following an award of $3 million from the Atlantic Canada Opportunities Agency (ACOA). The development of Unmanned Surface Vehicles (USVs) and Unmanned Underwate
Norway: Solstad Offshore Takes Over “Nor Spring” and “Nor Captain”
Solstad Offshore has today taken over the ownership over the Anchor Handling Tug Supply vessels (AHTS) “Nor Spring” and “Nor Captain”. The vessels have been on a bareboat contract to SOFF from Java Marine Lines for nearly 5 years and SOFF has now used its options to purchase the vessels. The cost pr
Cyprus: Standard Drilling Sells Two Jack-Up Drilling Rigs
On June 26th, SD Standard Drilling Plc has entered into a final SPA for the sale of one rig (B324) under construction and further issued the buyer an option to purchase a second rig (B337) under construction. If the option is exercised the gross combined price will be USD 426m. The option to purchas
Standard Drilling Selling Under Construction Rigs for USD 426 Mln (Cyprus)
Cyprus-based SD Standard Drilling Plc (“Standard Drilling”) has today entered into a final SPA for the sale of one rig (B324) under construction and further issued the buyer an option to purchase a second rig (B337) under construction. If the option is exercised the gross combined price will be USD
France: Piriou Breaks Into Exploration Ships Market with New Order
Piriou wins a historic order and breaks into a new market, that of exploration ships. PIRIOU has just signed a contract for the construction of an exploration ship 76 metres in length that it will deliver in 36 months to a European shipowner. The ship will be built in Concarneau (29) by CHANTIERS PI
Cairn’s Subsidiary Acquires Stake in PL497 (Norway)
Bridge Energy ASA, the Oslo Axess-listed oil and gas exploration and production company, has executed an agreement with Agora Oil & Gas AS which is 100% owned by Cairn Energy PLC (“Cairn”), for the farm-down of a 15% working interest in production licences PL497 and PL497B on the Norwegian Continent
Arklow Marine Launches 20m WFSV Ahead of Schedule (Ireland)
On the longest day of the year Arklow Marine Services successfully launched their second 20 metre wind farm service vessel into the River Avoca at Arklow. The vessel looking splendid in her Alicat colours has again been delivered ahead of her scheduled delivery date. Local people crammed the quaysid
UK: GIB Excludes Wave and Tidal Energy from Its Plans
Green Investment Bank has excluded wave and tidal energy from their plans and said it will focus on other projects reports BBC. Lord Smith of Kelvin, new chairman of GIB, said they will invest a GBP 3 billion budget in projects that will make a commercial return. He outlined “five priority areas. Of
Imtech to Power Three Turkish Navy Auxiliary Vessels (The Netherlands)
Royal Imtech N.V. announces that it has signed a contract for the design and supply of all electric systems to power three Turkish Navy Auxiliary vessels, consisting of one Submarine Rescue Mother Ship (MoShip) and two Rescue and Towing Ships (RATships). All ships will be built by Istanbul Shipyard