Business & Finance
The Netherlands: Fairstar Inks USD 247 Million Syndicated Loan Facility
Fairstar Heavy Transport N.V. (FAIR) has signed a USD 247 million syndicated loan facility led by ING Bank. The facility provides the necessary liquidity to satisfy the outstanding payment obligations to Guangzhou Shipbuilding International (GSI) due under the construction contracts for the 50,000 D
Norway: Emerson Delivers Roxar Instrumentation for Brynhild Field
Emerson Process Management has won a multi-million dollar contact to deliver its Roxar subsea instrumentation to Lundin Petroleum’s Brynhild field in the North Sea. The contract was awarded by Aker Solutions, one of the world’s leading providers of oilfield products, systems and services, and covers
The Netherlands: Fugro Reports Growth in Revenue with Improving Market Conditions
For Fugro 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
Dutch Fairstar Gets Cash to Finance Newbuilds
The Netherlands based Fairstar Heavy Transport N.V. (FAIR) has signed a USD 247 million syndicated loan facility led by ING Bank. The facility provides the necessary liquidity to satisfy the outstanding payment obligations to Guangzhou Shipbuilding International (GSI) due under the construction cont
TGS Starts Two Multi-Client 2D Surveys in Northwest Europe
TGS has commenced the Europe 2012 summer season with two multi-client 2D surveys in cooperation with Fugro; North Sea Renaissance 2012 (NSR12) and Norwegian Barents Sea 2012 (NBR12). The NSR12 survey is 8,200 km and is a regional infill West of Shetland. The NBR 12 survey is 12,000 km and is a regio
EMU Limited to Exhibit at Renewable UK Global Offshore Wind
EMU Limited will be exhibiting at the Renewable UK Global Offshore Wind exhibition in London on 13th and 14th of June 2012, at stand 263. The company is a marine consultancy, survey and laboratory testing specialist which provides worldwide services in support of infrastructure planning, consenting
New CSD650 Joins Damen Standard Series (The Netherlands)
A new, larger and more powerful CSD650 joins the Damen Standard series of Cutter Suction Dredgers. The addition to the range results from a buoyant demand in the market and the continuous innovation of Damen Dredging Equipment, based on years of experience. The CSD650 is past its drawing table stage
Greece: Diana Shipping Announces Delivery of Newcastlemax Dry Bulk Carrier
Diana Shipping Inc., a global shipping company specializing in the ownership and operation of dry bulk vessels, today announced that on May 16, 2012 it took delivery of the newly-built m/v “Philadelphia”, a Newcastlemax dry bulk carrier of 206,040 dwt that was contracted in April 2010. As previously
Aker Solutions 2nd Most Attractive Employer in Norway
In the 2012 Universum Top 100 Ideal Employer student survey, Aker Solutions is voted the second most attractive employer in Norway by final-year engineering students. Every year, Universum surveys students and asks them questions about their career expectations, how they perceive employers and what
Optimarin Signs Fleet Retrofit Contract with Saga Shipholding (Norway)
Optimarin has signed a major fleet-wide ballast water treatment contract with Saga Shipholding (Norway) AS (SSH), the open-hatch carrier subsidiary of Nippon Yusen Kaisha (NYK), the world’s largest shipping company and owner of some 850 vessels operating within the car carriers, bulk, tanker (petrol
UK: EPC Offshore Appoints New Managers on North Sea Developments
EPC Offshore has announced the appointment of new managers to work on two of the North Sea’s biggest developments as the company continues to increase growth in 2012. Project manager Euan Sellar will focus on the final phases of the Rochelle field development for Endeavour Energy in the Central Nort
UK: Second Export Cable Installed at London Array Offshore Wind Farm
The installation of the second of the four export cables on London Array Offshore Wind Farm that will connect the onshore substation at Cleve Hill to the two offshore substations in the outer Thames Estuary has been successfully completed. Specialized cable-laying vessel, Stemat Spirit, installed al
Norway: Det Norske CFO Steps Down
Det Norske’s CFO Teitur Poulsen has decided to resign from his position. Vice President Investor Relations and Corporate Development Knut Evensen (picture) been constituted as the new CFO. “Teitur has done a very good job for Det norske and we regret that he has decided to leave the company to pursu
UK: EBRD to Fund EUR 25 Billion Worth Sustainable Energy Projects
The EBRD is boosting its efforts to improve energy efficiency and deal with the threat of climate change with new investment in projects worth up to €25 billion over the next three years. The next phase of the Bank’s successful Sustainable Energy Initiative (SEI) aims to deliver an annual cut in car