Business & Finance
Subsea Vision Targets North Sea Oil & Gas Industry with New ROV (UK)
Subsea Vision has taken delivery of a Saab Seaeye Cougar XT Compact, the low profile powerful ROV specially designed for working in high current areas and where access is restricted. Subsea Vision’s immediate target market for the Cougar XT Compact is the North Sea oil and gas industry. Further appl
UK: World’s First 100 Pct Fossil Fuel Free Sailing Cargo Ships Underway
Development is underway to design the modern world’s first 100 per cent fossil fuel free sailing cargo ships. With rising fossil fuel prices and the global challenge of reducing greenhouse gas emissions, this project is set to change the shipping industry by providing efficient and affordable low-ca
Greece: NewLead Sells Two Tanker Vessels
NewLead Holdings Ltd. yesterday announced that the Company entered into an agreement with Piraeus Bank S.A. to proceed with the sale of the two tanker vessels, Hiona and Hiotissa, for an aggregate amount of $57.0 million and to convert, subject to satisfaction of certain conditions precedent by the
Geo Plus Introduces Hybrid Survey Ship Geo Focus (The Netherlands)
Survey company Geo Plus will soon be putting into service its brand new survey ship Geo Focus. This innovative, hybrid ship will be officially christened on 23 June. The 35 metre long Geo Focus, which Geo Plus commissioned, was developed through a collaboration between Studio Yacht and De Haas Maass
Geo Plus to Put into Service Its New Sustainable Survey Ship (The Netherlands)
Survey company Geo Plus will soon be putting into service its brand new survey ship Geo Focus. This innovative, hybrid ship will be officially christened on 23 June. The 35 metre long Geo Focus, which Geo Plus commissioned, was developed through a collaboration between Studio Yacht and De Haas Maass
Russia: Gazprom, Shell Discuss Global Strategic Cooperation
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Peter Voser, Chief Executive Officer of Royal Dutch Shell took place yesterday as part of St. Petersburg International Economic Forum 2012. The meeting participants discussed the prospects for the cooperation d
Gazprom, Shell Discuss Prospects for Cooperation (Russia)
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Peter Voser, Chief Executive Officer of Royal Dutch Shell took place today as part of St. Petersburg International Economic Forum 2012. The meeting participants discussed the prospects for the cooperation devel
Russia: Vyborg Shipyard Delivers Final Blocks for Sovcomflot’s Second Supply Vessel
Vyborg shipyard JSC made the final contract delivery of blocks for the second supply vessel (order 507). On June 20th, 2012 Vyborg shipyard JSC, in full accordance with the agreed construction schedule, made the final contract delivery of blocks for the second supply vessel (order 507). Weight of de
Norway: Statoil to Operate Two Atlantic Offshore’s PSVs
Atlantic Offshore has signed a contract with Statoil to operate two Platform Supply Vessels (PSV) from 2014. The agreement, which consists of two contracts, has a length of six years with an option for a further three years. The vessels will be built in Norway and ensuring important jobs in the ship
Vyborg Delivers Final Hull Blocks for Sovcomflot’s Offshore Supply Vessel (Russia)
Vyborg shipyard JSC made the final contract delivery of hull blocks for the second supply vessel (order 507). On June 20th, 2012 Vyborg shipyard JSC, in full accordance with the agreed construction schedule, made the final contract delivery of blocks for the second supply vessel (order 507). Weight
Russia: SCF Group Members Agree on USD 140 Mln Loan
Citi, Bank of America Merrill Lynch, and OAO Sovcomflot (SCF Group) have signed a USD 140 million, 7 year loan Agreement to finance the construction of two VLCC-tankers. The vessels are currently under construction with delivery scheduled in 2013. They will operate on long-term charter agreements wi
Germany: First LNG-Powered Ship Arrives in Port of Hamburg
At the Überseebrücke pier, the Port of Hamburg has for the first time been able to welcome an LNG-fuelled ship. The KV BARENTSHAV belongs to the Norwegian Coastguard fleet, and is deployed on fisheries controls, sea rescue, policing, Customs inspections and environmental checks within Norwegian terr
SPE International President Visits Aberdeen Section (UK)
The President of SPE International, a global society which aims to advance the technical and professional skills of individuals in the oil and gas industry, spent last week visiting the Aberdeen section including attending its annual awards ceremony. President Dr. Ganesh Thakur was in the city to he
Largest Ever Deal for Atlantic Offshore (Norway)
Atlantic Offshore has confirmed the signing of a contract with Statoil to operate two Platform Supply Vessels (PSV) from 2014. The agreement, which consists of two contracts, has a length of six years with an option for a further three years. The vessels will be built in Norway and ensuring importan