Business & Finance
Ocean Installer Accomplishes Balder Field Gig for ExxonMobil (Norway)
Ocean Installer has successfully completed survey and intervention work at the Balder field, as contracted by ExxonMobil Exploration & Production Norway AS (“ExxonMobil”). The work was performed in May 2012, according to schedule and in line with Ocean Installer’s quality and HSE standards and requi
Norway: Aker Seafoods Pushes Ahead with Trawler Fleet Renewal
Aker Seafoods ASA continues the renewal of the trawler fleet and has made an agreement to sell the vessel “Hekktind” to a Russian company. The sale amounts to about NOK 46 million. The trawler’s book value was about NOK 16 million on 31 May 2012. Delivery of the trawler is scheduled for the third qu
Norway: TTS Group to Supply Equipment for New Offshore Vessels
TTS Group ASA, Bergen has through its subsidiary Company TTS ships equipment AS. secured four contracts with STX OSV Brattvaag building, STX OSV Soviknes and Kleven Maritime in a total value of 30 MNOK. The contracts with STX OSV Brattvaag relate to vessel no. 793 and vessel no.794 for shipowner Sie
Polarstern Sets Sail for Research Expedition to the Arctic
On Thursday, 14 June 2012, the research vessel Polarstern left Bremerhaven on course for the Arctic. 44 expedition participants from institutions from Germany, Belgium, USA and the United Kingdom will spend around one month at sea. Their main study area is the Fram Strait between Spitsbergen and Gre
UK: Ambienta SGR Acquires 35 Percent Stake in FoundOcean
FoundOcean announced that Ambienta SGR, Europe’s largest private equity fund focused on the environmental sector, has signed an agreement to acquire a 35% stake in the company. Jim Bell, Managing Director at FoundOcean explained, “We are delighted that Ambienta has chosen to invest in FoundOcean as
UK: Avance Gas Holding Acquires Two VLGCs
Stolt-Nielsen Limited announced on June 7th that Avance Gas Holding Ltd. (AGHL), a company owned equally by Sungas Holdings Ltd. and Stolt-Nielsen Gas Ltd., has agreed to acquire two VLGCs-Maran Gas Knossos and Maran Gas Vergina-from Maran Gas Maritime Inc. The ships are expected to join Avance Gas
Primeline, CNOOC Ink PSC for East China Sea Block
CNOOC Limited announced today that its parent company, China National Offshore Oil Corporation (CNOOC) has signed a production sharing contract (PSC) with Primeline Energy China Limited (PECL) and Primeline Petroleum Corporation (PPC) (jointly as “Primeline”) for Block 33/07 in the East China Sea. B
UK: IMO Selects Former Secretary-General for IMO Prize 2011
The IMO Council has unanimously agreed to award the prestigious International Maritime Prize for 2011 to Mr. E.E. Mitropoulos, Secretary-General Emeritus of IMO, Secretary-General of the Organization from 2004 to 2011, for his significant contribution to the work of IMO during a long and distinguish
Keppel Ready to Deliver Another Semi to Ensco (Singapore)
Long standing customer Ensco has to date entrusted Keppel with 19 major newbuild projects worth more than US$4.8 billion. Keppel FELS Limited (Keppel FELS) is set to deliver ENSCO 8506, the seventh semisubmersible (semi) drilling rig in the ultra-deepwater ENSCO 8500 Series® to Ensco safely, on time
TTS Group to Provide Equipment for Four Offshore Vessels (Norway)
TTS Group ASA, Bergen has through its subsidiary Company TTS ships equipment AS secured four contracts with STX OSV Brattvaag building, STX OSV Soviknes and Kleven Maritime in a total value of 30 MNOK (USD 5 million). The contracts with STX OSV Brattvaag relate to vessel no. 793 and vessel no.794 fo
Russia: Nevsky Shipyard Launches New Multipurpose Salvage Vessel
On June 22, 2012, the launching ceremony of the third vessel in a series multipurpose salvage vessel “SPASATEL ZABORSHCHIKOV” yard number 703, capacity 4 МW, project MPSV07 will take place at Nevsky Shipyard’s slipway. The construction of the vessels of the series is carried out in accordance with t
Turkey: Portunus Completes Refurbishment of First STC Crane
Portunus Port Spares and Services from Turkey signed a contract with TCDD – Turkish State Railways for N.5 Ship To Shore Gantry Crane’s complete refurbishment and the project kicked-off in the end of 2011. In a very short time, Portunus completed the first ship to shore gantry crane and handed it ov
Visiongain: Spending on Subsea Production Systems to Reach USD 8.89 Bln in 2012
The world has finite hydrocarbon resources and conventional oil reserves are particularly in short supply. Furthermore, conventional oil resources from the Middle East are very much under threat of disruption as embargoes on Iranian oil exports come into full effect at the end of June 2012. However,
The Netherlands: Alewijnse Secures Jack-Up Rigs Conversion Contract
Alewijnse Marine Systems is to play a significant role in the conversion of the jack-up drill rigs Atlantic London and Atlantic Amsterdam to offshore hotel accommodation. Both refits will start in July 2012 and take several months to complete. This significant order from Nordica Offshore further rei