Business & Finance
Simon Møkster Orders Platform Supply Vessel in Spain
Simon Møkster last week signed a contract with Spanish shipyard Astilleros Gondan for the building of the advanced Platform Supply Vessel of UT776 WP design. This will be the second vessel Astilleros Gondan constructs for Møkster. Gondan has previously delivered the multi field support vessel “Stril
Norway: Solstad Secures Contract for Two AHTS Vessels
Statoil ASA has exercised its option to extend their present contract with Solstad Offshore ASA (SOFF), for hire of the large AHTS “Normand Ferking” (build -07) for 1 year. With this extension the vessel will be on contract to September 2013. Statoil still holds options to extend with further 2 x 1
New Joint Venture Emerges on Offshore Wind Market (The Netherlands)
FRISIA-Offshore, located in Germany, and Offshore Wind Services BV from the Netherlands announced a cooperation agreement. The intention of FRISIA-Offshore and OWS is to invest together in new Crew Transfer Vessels through a joint venture in the coming months. This joint venture will serve as growth
Human Cost of Somali Piracy Updated Report Released
A report highlighting latest details of the plight of seafarers at the hands of Somali pirates was launched on Friday 22nd June at a press conference in London. The report, The Human Cost of Piracy 2011, is written jointly by Kaija Hurlburt of One Earth Future for its Oceans Beyond Piracy project an
Finland: ESL Shipping Sells Its Oldest Ship MS Hesperia
ESL Shipping Ltd, part of Aspo Group, has sold its oldest ship, m/s Hesperia, for approx. EUR 3.3 million. The transaction was concluded yesterday, June 25, 2012. A sales gain of approx. EUR 2.4 million will be recorded in the profit for the second quarter. The sale of m/s Hesperia, built in 1991, i
Höegh Selects KBR to Execute FLNG Pre-FEED Studies Offshore Israel and Australia
KBR announced yesterday that it was selected as Höegh’s preferred engineer to execute pre-FEED studies for two of its projects off the coast of Israel and offshore Australia. KBR will provide the pre-FEED study for the King liquefied natural gas-floating production storage and offloading (LNG-FPSO)
The Netherlands: FRISIA-Offshore and Offshore Wind Services Announce Cooperation Agreement
FRISIA-Offshore, located in Germany, and Offshore Wind Services BV from the Netherlands announced a cooperation agreement. The intention of FRISIA-Offshore and OWS is to invest together in new Crew Transfer Vessels through a joint venture in the coming months. This joint venture will serve as growth
UK: Plexus Secures Wellhead Agreement for Relief Well Standby and Exploration Drilling
Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, has secured a three year agreement with a leading global oil and gas producer for relief well standby wellhead equipment. Plexus will pro
BOURBON Fully Committed to Second International Day of the Seafarer (France)
BOURBON is fully committed to the International Maritime Organisation’s second International Day of the Seafarer. The day is to recognise how much the sea means to us and how much seafarers’ activities contribute directly or indirectly to our everyday lives. For the occasion, the IMO is asking every
Lundin Gets USD 2.5 Billion Loan for E&P in Norway
Swedish exploration and production company Lundin Petroleum has entered into a fully committed 7-year senior secured revolving credit facility of USD 2.5 billion. This senior secured facility is revolving in order to adjust to Lundin Petroleum group financing needs. This facility will provide the ne
Statoil Hires Apply Sørco for Works on Troll C Platform (Norway)
Apply Sørco has been awarded the contract by Statoil for the conversion of one of the main generating gas turbines on Troll C to a low NOx turbine. The upgrade is an environmental measure to reduce NOx emissions from the platform. The contract is valued at approximately 270 million NOK and includes
Norway: Odfjell Acquires Two Modern Gas Carriers
Odfjell has acquired two modern LPG/Ethylene gas carriers of about 9,000 m3 carrying capacity each from two Singaporean companies controlled by the BLT Group. The vessels, MT Gas Sumbawa and MT Gas Lombok were built at STX Shipbuilding, Korea in 2008. Delivery to Odfjell will take place in August an
Statoil’s Brage Management Needs Improvement, PSA Norway Says
During the period 24-27 April 2012, the Petroleum Safety Authority Norway carried out an audit of electrical systems, instrumented safety systems and fire and explosion protection on the Brage offshore platform. The audit activity was carried out in the form of a meeting with the operations organisa
The Netherlands: Future Begins as APM Terminals Maasvlakte II Progresses
Equipment orders, software programming and initial construction have forged ahead at APM Terminals’ new 2.7 million TEU annual throughput capacity terminal with a brief presentation and inspection tour held today on land recently reclaimed from the sea at the Maasvlakte 2 site at the Port of Rotterd