Business & Finance
Norway: BP to Use Valhall QP Until December 2014
Due to subsidence of the seabed and aging of the living quarters platform (QP), drilling platform (DP) and Process and Compression platform (PCP), the Valhall Redevelopment (VRD) project was established in 2003. As a result of the project, BP submitted a plan for development and operation (PDO) in M
Eni, Oil States Enter Plexus’ JIP for Safer Subsea Wellhead (UK)
Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® method of wellhead engineering, announces that Eni S.p.A, the Italian oil and gas major, and Oil States Industries Inc. a subsidiary of Oil States International Inc., a leading USA ma
TTS Marine AB to Deliver RoRo Equipment to Hyundai Heavy (South Korea)
TTS Marine AS, Bergen has through its subsidiary Company TTS Marine AB in Gothenburg, Sweden entered into two contracts with shipbuilder Hyundai Heavy Industries for delivery of RoRo equipment being doors & ramps totaling a value of 49 MNOK. Deliveries will take place respectfully in 2012 & 2013. Be
The Netherlands: Kenz Cranes Delivers New Pedestal Crane to STG
On June 6th, Kenz Cranes, well-known specialist in offshore lifting and hoisting solutions, successfully delivered the new build 12t ram luffing pedestal crane. The crane was handed over to the Sea Trucks Group (STG) for installation onboard the newly build DP-2 construction support vessel ‘Jascon 5
Two Awards for German Shipping Company Hamburg Sud
At Cargo News Asia’s 26th Annual Asian Freight & Supply Chain Awards in Shanghai on 5 June 2012, Hamburg Süd received the Best Green Service Provider Shipping Award for the first time. The readers of the Hong Kong-based shipping and logistics trade paper chose Hamburg Süd from three nominated shippi
The Netherlands: Kenz Cranes Delivers Pedestal Crane for Jascon 55
On June 6th, Kenz Cranes, well-known specialist in offshore lifting and hoisting solutions, successfully delivered the new build 12t ram luffing pedestal crane. The crane was handed over to the Sea Trucks Group (STG) for installation onboard the newly build DP-2 construction support vessel ‘Jascon 5
Farstad Orders Two Platform Supply Vessels (Norway)
STX OSV, one of the major global designers and shipbuilders of offshore and specialized vessels, has received new contracts for the design and construction of two Platform Supply Vessels (PSVs) for Farstad Shipping (“Farstad”). The total value of the contracts amounts to approximately NOK 700 millio
Norwegian Farstad Shipping Orders Two PSVs from STX OSV
STX OSV Holdings Limited, one of the major global designers and shipbuilders of offshore and specialized vessels, announced that it has secured new contracts for the design and construction of two Platform Supply Vessels (PSVs) for Farstad Shipping. The total value of the contracts amounts to approx
UK: Oceaneering Builds New Facility in Rosyth
Oceaneering has unveiled an USD 23.5 million (GBP 15.2 million) investment into a new facility at its base in Rosyth, which will allow the company to dive into the offshore renewable energy market, the Scotsman informs. The American-based company plans to construct a larger storage space where it wi
Kenz Cranes Delivers Pedestal Crane for Jascon 55 Vessel (The Netherlands)
On June 6th, Kenz Cranes, well-known specialist in offshore lifting and hoisting solutions, successfully delivered the new build 12t ram luffing pedestal crane. The crane was handed over to the Sea Trucks Group (STG) for installation onboard the newly build DP-2 construction support vessel ‘Jascon 5
BG Group to Fund Australia and Brazil Projects with Fresh Money
BG Group today issued hybrid bonds totalling US$1.57 billion, another step in the execution of its approved funding plan to support the company’s investment programme. The bonds, which comprise tranches of £600 million and €500 million, mature in 2072. The bonds are long-dated, subordinated securiti
UK: Bibby Line Revenues Grow by 12 Percent
Liverpool headquartered Bibby Line Group grew revenues by 12.1 per cent to £1,295m (2010: £1,156m) in the year to 31 December 2011. The diversified group – which has a wide portfolio of interests including shipping, marine services, logistics, financial services and retail – reported record operatin
GL to End Its Certification of Iranian Shipping Vessels (Germany)
On Monday, United Against Nuclear Iran (UANI) applauded the German shipping service Germanischer Lloyd (GL) for pledging to end its certification of Iranian shipping vessels, specifically those of the Islamic Republic of Iran Shipping Lines (IRISL) and the National Iranian Tanker Company (NITC). Las
Norway: METAS Receives NCE Subsea’s Award
The relatively young company METAS has already developed several advanced products for sale. In these days the award winner also awaits important test results from development projects that may greatly improve safety of future subsea operations. Detecting leaks are key words for the two main develop