Business & Finance
UAE: Masdar CEO Receives United Nations’ Champions of the Earth Award
Dr Sultan Ahmed Al Jaber, Chief Executive Officer of Masdar, Abu Dhabi’s multi-faceted renewable energy company, has received this year’s United Nations’ Champions of the Earth award. Organized by United Nations Environment Programme (UNEP), the award seeks to honour individuals whose actions and le
South Ireland’s Waters Hold High Value Crudes, Providence CEO Says
Providence Resources P.l.c., (“Providence”) the Irish oil and gas exploration and production company, whose shares are quoted in London (AIM) and Dublin (ESM),has provided a technical update on the Barryroe oil discovery in the North Celtic Sea Basin, offshore Ireland. Providence (80%) operates Barr
Romania: Constanta Shipyard to Launch ROV-Survey Vessel ‘SHARK 1’ in August
The ROV/Survey vessel SHARK 1, which is fully equipped for safe and efficient offshore operations in the Black Sea, is nearing completion in Constanta Shipyard, Romania and will be launched in August 2012. In addition to the capabilities needed for surveys, the vessel can also offer ROV support for
ROV/Survey Support Vessel SHARK 1 to be Launched in Romania
The ROV/Survey vessel SHARK 1, which is fully equipped for safe and efficient offshore operations in the Black Sea, is nearing completion in Constanta Shipyard, Romania and will be launched in August 2012. In addition to the capabilities needed for surveys, the vessel can also offer ROV support for
Dragon Oil Provides Update on Wells Offshore Turkmenistan
Dragon Oil plc, an international oil and gas exploration, development and production company, publishes the results of completion and initial testing for three development wells and an updated rate for the 28/169 well in the Dzheitune (Lam) field. The Dzheitune (Lam) C/170 well was completed as a du
Norway: TTS Group Sells Drilling Equipment Business to Cameron
TTS Group ASA announced it has finalized its sale of the drilling equipment business to Cameron in an all cash transaction. CEO & President of TTS Group, Johannes D. Neteland said: ” This divestment is an active step by TTS to participate in the on-going further developments of the drilling equipmen
Ugland Offshore Orders Platform Supply Vessel from Kleven (Norway)
Kleven Maritime has signed a contract with offshore ship owning company Ugland Offshore on the delivery of a platform supply vessel of SALT 100 PSV design. The vessel is to be delivered from Kleven Verft in Ulsteinvik Q1 2014. The contract also includes an option for a second vessel. Currently Kleve
Cameron Completes Acquisition of TTS’ Drilling Division (Norway)
Norway’s TTS Group ASA today announced it has finalized its sale of the drilling equipment business to Cameron International Corporation for USD 270 million, plus a turnover based earn-out model for a three-year period. CEO & President of TTS Group, Johannes D. Neteland said: “This divestment is an
Denmark: Cairn Energy to Use Paradigm’s Toolkit as Seismic Interpretation Solution
Paradigm™ announced yesterday that after a competitive evaluation, Cairn Energy PLC has chosen the Paradigm interpretation toolkit as its next generation 2D and 3D seismic interpretation solution. Cairn will use the new system to interpret new 3D surveys acquired last year in offshore Greenland. The
OW Bunker Enhances Supply Operation in Lithuania
OW Bunker, one of the world’s leading suppliers and traders of marine fuel, has expanded its bunker supply operations in Lithuania. The company has relocated a 2,800dwt double-hulled bunker barge, Oxana, to the Port of Klaipeda to meet the requirements of its expanding customer base in the region. O
UK: ITF Offers Funding for Enhanced Sub-Basalt Imaging and Novel Borehole Seismic Solutions
ITF is calling on technology developers to come forward with innovative solutions for enhanced sub-basalt imaging and novel borehole seismic sources, with the potential for successful proposals to receive up to 100% funding. The organisation, which has a membership of 29 international operators and
Incat Crowther Announces Launch of Ro-Pax Ferry ‘Runo’ (Estonia)
Incat Crowther announced the launch of the 24m Catamaran Ro-Pax Ferry, Runö. The vessel was recently launched by Baltic Workboats in Estonia and successfully completed sea trials. Runö is the second Incat Crowther-designed vessel to be built by Baltic Workboats, after Vėjūnas, a 24m Catamaran Scient
Providence Announces Update on Barryroe Well Offshore Ireland
Providence Resources P.l.c., the Irish oil and gas exploration and production company, whose shares are quoted in London (AIM) and Dublin (ESM), provides a technical update on the Barryroe oil discovery in the North Celtic Sea Basin, offshore Ireland. Providence (80%) operates Barryroe on behalf of
Posidonia 2012: Shipping Embraces Innovative Technologies to Tow Itself Forward (Greece)
As persistent high oil prices and the burden of increased regulatory compliance have rendered energy management strategy development crucial for fleet owners worldwide, the shipping industry is on the verge of a new frontier where novel concepts and sophisticated approaches to ship design and perfor