Business & Finance
Maersk Oil: There Is More Oil and Gas to Be Found in Danish North Sea
Maersk Oil will drill an exploration well on the Maja licence in the Danish North Sea after the Danish Energy Agency (DEA) granted it a two-year extension to two licences in the region. The well will target a High Pressure High Temperature (HPHT) prospect in the licence and will be drilled within th
UK: GIB Deals Blow to Wave and Tidal Energy
Green Investment Bank (GIB) has excluded wave and tidal energy from its plans and said it will focus on other projects, reports the BBC. Lord Smith of Kelvin, the new chairman of GIB, said the bank will invest GBP 3 billion budget in projects that will make a commercial return. He outlined five prio
Aker Solutions to Provide EPCI Services for ExxonMobil NCS Assets
Aker Solutions has been awarded a frame agreement by ExxonMobil Exploration and Production Norway AS. Contract value is undisclosed. The frame agreement covers engineering, procurement, construction and installation for ExxonMobil’s operated assets on the Norwegian continental shelf (NCS). The fixed
Greece: Box Ships Takes Delivery of Its Eighth Vessel
Box Ships Inc., a global shipping company specializing in the transportation of containers, announced that on June 25, 2012 it took delivery of its eighth vessel, the OOCL Hong Kong, a 5,344 TEU Post-Panamax containership built in 1995 at the Samsung shipyard in Korea. The vessel is chartered to Ori
Emerson to Supply Control and Safety Systems for BP’s North Sea Fields (UK)
BP Exploration has selected Emerson Process Management, a global business of Emerson (NYSE: EMR), as automation contractor of choice for offshore oil and gas operations in BP’s North Sea Region. Emerson will be BP’s preferred supplier of integrated control and safety systems for five offshore fields
ExxonMobil Chooses Aker Solutions for Work on Norwegian Continental Shelf
Aker Solutions has been awarded a frame agreement by ExxonMobil Exploration and Production Norway AS. Contract value is undisclosed. The frame agreement covers engineering, procurement, construction and installation for ExxonMobil’s operated assets on the Norwegian continental shelf. The fixed contr
Germany: Halfway June Commences Special Offshore Project
Halfway June APE Holland started on the North Sea near the German island of Borkum with a special offshore project, vibrating 30 steel piles (monopiles) on which 30 windmills will be installed. The piles will be driven with the Super Quad Kong (SQK), an innovative and modular vibratory driver/extrac
Germany: Germanischer Lloyd Releases GL Crew Manager
The recent announcement of Sweden’s ratification of the Maritime Labour Convention, 2006 (MLC 2006) means that only two International Labour Organisations member ratifications are required before the Convention’s entry into force. With only twelve months between final ratification by the 30th ILO me
UK: SgurrEnergy to Advise on Lincs Offshore Wind Farm
SgurrEnergy has been selected as lender’s technical and environmental advisor to an international banking consortium for the £750m Lincs offshore wind farm. The high profile project, which is in construction, will comprise 75 Siemens SWT-3.6-120 3.6MW wind turbines when completed, and uses a pioneer
UK: SgurrEnergy to Advise on Lincs Offshore Wind Farm
SgurrEnergy has been selected as lender’s technical and environmental advisor to an international banking consortium for the £750m Lincs offshore wind farm. The high profile project, which is in construction, will comprise 75 Siemens SWT-3.6-120 3.6MW wind turbines when completed, and uses a pioneer
Ensco Orders Another Drillship in South Korea
Given rising customer demand, Ensco plc (NYSE: ESV) has exercised one of two options for an additional advanced-capability DP3 ultra-deepwater drillship based on the Samsung GF12000 hull design. The vessel, ENSCO DS-9, will be the seventh Samsung DP3 drillship in the Ensco fleet, extending the benef
Germany: EvoLogics Develops Special Edition Underwater Acoustic Modems
EvoLogics GmbH, a german manufacturer of underwater communication and positioning equipment, developed Special Edition underwater acoustic modems for a russian research facility. Providing all the benefits of the standard EvoLogics S2CR modem range, the new EvoLogics S2CR 8/16 SE and 40/80 SE Specia
Russia: Ust-Luga Port’s Half Year Cargo Turnover Exceeds Last Year Results
Between January and May 2012, the cargo turnover of Ust-Luga Port amounted to 15,272,645.140 tons and exceeded that of the same period last year by factor of 2.2. The car transshipment volume for the same period grew by 53% and reached 72,768 pieces. In May 2012, the port transshipped 4,450,225.241
Bilbao Port to Get New Cruise Terminal at Getxo (Spain)
The Bilbao Port Authority has awarded SATO, a civil engineering company, the contract for the building of a new cruise terminal at Getxo at a cost of 13.8 million euros, with a 16-month completion period. The works are scheduled to commence at the end of the summer. The new terminal will be built in