Business & Finance
Germany: Windreich 6.5 pct Small Business Bond 11/16 Fully Allocated
The 6.5%-Bond issue 2011/2016 of Windreich AG, dealt at the Small Business Sector – the quality segment of the Stuttgart Stock Exchange is fully allocated. “We have utilized a good value performance in the last few days to issue an additional 5 million Euros,” Mr. Willi Balz, the Chairman of the Win
Norway: Statoil Hires AHTS Vessel ‘KL Sandefjord’
K Line Offshore AS announced today that the powerful AHTS KL Sandefjord 1st June started a four months contract plus options for Statoil. This contract with a highly recognized charterer is representing an important milestone for our company. K Line Offshore AS is a ship owning and operating company
Technip, Daewoo Consortium to Build Petronas FLNG (Malaysia)
Technip in a consortium with Daewoo Shipbuilding & Marine Engineering (DSME) Co. Ltd., the Technip-Daewoo Consortium (TDC), was awarded by PETRONAS a services contract for engineering, procurement, construction, installation and commissioning for floating liquefied natural gas (FLNG) facility of 1.2
UK Energy Minister Opposes EC’s Offshore Safety Regulation
The Energy Minister, Charles Hendry MP, will give the keynote speech at a special Oil & Gas UK seminar focusing on the European Commission’s (EC) proposals to take overall regulatory control of offshore safety. Sponsored by EnQuest PLC, the event on Monday 11 June has been organised by Oil & Gas UK
CSD500 Dredgers Ready at Damen Shipyards Cape Town (South Africa)
Two cutter suction dredgers, type CSD500, are almost ready at Damen Shipyards Cape Town. The standard dredgers are prefabricated shipbuilding kits, which have been constructed in South Africa. They have been built as per the Damen philosophy to build for stock to meet customer demand for a proven de
K Line’s AHTS Starts Statoil Contract (Norway)
K Line Offshore AS today announced that the company’s powerful AHTS KL Sandefjord on 1st June started a four months contract plus options for Statoil. “This contract with a highly recognized charterer is representing an important milestone for our company,” said the company in a press release. The v
Largest Rig Upgrade Deal for Semco (Denmark)
Denmark-based Semco Maritime has secured a rig upgrade order from the world’s largest rig operator Transocean. The project will be carried out in Norway and involves a staff of 700 people. Semco Maritime has just been awarded a new contract for the upgrade of the rig “Transocean Leader”. The project
UK: Korean Company Could Join Siemens in Green Port Hull Revolution
CS Wind Corporation from Seoul could join Siemens in the Green Port Hull revolution, taking into account that the South Korean company’s senior executives have held a number of talks with Hull City Council and Associated British Ports in the past few months. CS Wind is a wind tower manufacturer whic
Green Dolphin – New Handysize Bulk Carrier Concept Design (Greece)
A new Handysize bulk carrier concept design – the Green Dolphin, created by the Shanghai Merchant Ship Design & Research Institute (SDARI) and development partners DNV and Wärtsilä – uses existing technologies to meet owners’ needs for fuel efficiency and operational flexibility while also being rea
Investors Review USD 1.5 bln Investment in BRICS Undersea Cable
Potential investors on $1.5 billion undersea cable connecting the BRICS group to each other and the U.S. are about to decide whether they’ll proceed with funding of the project, reports Reuters. According to Andrew Mthembu, chairman of i3 Africa which is promoting the project, the cable which would
Schlumberger Unveils IsoMetrix Marine Seismic Technology
Schlumberger today announces the launch of IsoMetrix marine isometric seismic technology and the IsoMetrix family of marine seismic products. This breakthrough technology outputs isometrically sampled point-receiver data in both crossline and inline directions—capturing the returning wavefield in th
Gazprom, Shell Discuss Russia’s Sakhalin II Project at World Gas Conference
Kuala Lumpur (Malaysia) hosted a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Peter Voser, Chief Executive Officer of Royal Dutch Shell within the 25th World Gas Conference. The parties discussed bilateral cooperation in the energy sector. Alexey Miller and
Belgium: Aquamarine Power’s Oyster Device Wins European Environment Award
Marks & Spencer and Aquamarine Power have both won the 2012 European Business Awards for the Environment (EBAE). They were victorious over 156 other entrants from across the 24 European Member States. M&S won the Management Award which goes to companies with outstanding strategic vision and manageme
Braemar Howells and Braemar Launch New Salvage Support Operation (UK)
Incident response and environmental clean-up specialist Braemar Howells and its sister company Braemar (Incorporating The Salvage Association) are to work together to provide a 24-hour global response capability to the world’s shipping and marine insurance sectors. In what is being seen as a key dev