Business & Finance
UK: HR Wallingford Develops Innovative ARC-Boat
HR Wallingford has developed a remote controlled boat that can be used to accurately measure river and estuarine data including flow, depth and suspended sediment concentrations. It uses a technology called Acoustic Doppler Current Profiling which sends acoustic pulses in to the water to generate da
UK: Subsea 7 Orders Amarcon’s OCTOPUS for Seven Borealis Vessel
The seabed-to-surface engineering, construction and services contractor to the offshore energy industry Subsea 7 has ordered the OCTOPUS suite of products for the recently delivered Pipelay/Heavy Lift vessel Seven Borealis. This latest addition to the Subsea 7 fleet is a state-of-the-art vessel that
UK: Subsea 7 Orders OCTOPUS for Seven Borealis
London-based Subsea 7, the seabed-to-surface engineering, construction and services contractor to the offshore energy industry, has ordered the OCTOPUS suite of products for the recently delivered Pipelay/Heavy Lift vessel Seven Borealis. This latest addition to the Subsea 7 fleet is a state-of-the-
UK: Total Confirms Success of Well Intervention on Elgin Platform
Following 5 days of close monitoring, Total is now able to confirm the success of the intervention conducted on May 15th on the leaking G4 well on the Elgin complex, 240 kilometers from Aberdeen in the UK North Sea. To regain control of the well, heavy mud was pumped into G4 well from the semi-subme
Germany: Reederei Claus-Peter Offen Chooses ABS Nautical Systems
Recently, ABS Nautical Systems announced that implementation of its NS5 Enterprise software suite has begun on Reederei Claus-Peter Offen’s fleet of container vessels. Based in Hamburg and one of the world’s largest suppliers of modern container tonnage, the company will be utilizing three modules f
UK: BMT Announces Encouraging Results
BMT Group Ltd, the international design, engineering and risk management consultancy, announced that it has achieved robust financial results, despite another year of challenging economic conditions across much of the world. Revenues from continuing businesses rose 8% to £127m and underlying operati
Kongsberg Evotec to Supply Back Deck System for Sanco Sword (Norway)
Kongsberg Evotec, a wholly owned subsidiary of Kongsberg Maritime, has been contracted to supply a complete Back Deck handling system for ‘Sanco Sword’, Sanco Shipping’s second 16 streamer vessel under construction at the Kleven Maritime Myklebust Shipyard. The vessel will be operated by Dolphin Geo
Latvia: CrewInspector to Provide Crew Management Solution for HAV Ship Management
CrewInspector an online crew management software provider wins the contract to provide HAV Ship Management Kaliningrad with full crew management solution. CrewInspector will provide online crew management database, integrated online application for seafarers and crew payroll software. Crew managemen
Finland: Wello Commences Series B Wave Energy Funding
Finnish renewable technology developer, Wello Ltd, recently announced that it has started Series B funding. Power Fund II and Finnvera Venture Capital have agreed on 3 Million euros funding package as part of the Series B funding. Discussions with additional investors to close further funding have a
France: MSC Divina Officially Delivered
On Saturday morning, May 19, in Saint-Nazaire, France, MSC Divina was officially delivered to MSC Cruises at the STX France shipyard. During the traditional flag ceremony, the shipyard’s pennant and the French flag were lowered, accompanied by the French national anthem, before Laurent Castaing, Gen
Norway: Kongsberg Evotec Supplies Back Deck Handling System for Sanco Sword Seismic Ship
Kongsberg Evotec, a wholly owned subsidiary of Kongsberg Maritime, has been contracted to supply a complete Back Deck handling system for ‘Sanco Sword’, Sanco Shipping’s second 16 streamer vessel under construction at the Kleven Maritime Myklebust Shipyard. The vessel will be operated by Dolphin Geo
Sweden: Vattenfall Releases First Annual Report for Ocean Energy R&D Programme
Since 2006, Vattenfall AB R&D Projects has been investigating the potential for ocean energy to offer a major new renewable energy source. In 2009 Vattenfall established a formal ocean energy programme. Today – six years later – a first annual report has been created for the Ocean Energy Development
Finland: Wello Starts Series B Funding
Finnish renewable technology developer, Wello Ltd, has announced it has started Series B funding. Power Fund II (managed by VNT Management) and Finnvera Venture Capital have agreed on 3 Million euros funding package as part of the Series B funding. Discussions with additional investors to close furt
The Netherlands: Fugro Expects 8.8 pct HY1 Net Profit Growth
The year 2012 started with improved performance compared to the same period in 2011. The oil price remained on average around USD 120 per barrel (Brent). The sustained high levels of exploration and production spending by the oil and gas industry result in continued improvement of Fugro’s related ac