Business & Finance
UK: Breagh Development Drilling Starts. First Gas in 3Q
Development drilling operations have commenced at Breagh field in the UK Southern North Sea, Sterling Resources report. The Ensco 70 rig has been deployed to start the Breagh development drilling program in anticipation of first gas production from the field during the third quarter. Previously dril
Singapore: GL – Maritime Software Drives Energy Efficiency
Shipping is highly underinvested in modern software technologies. Only 0.7% of the investments that go into new vessels go into software technologies. With rising fuel prices and operating costs leaving the industry facing ever slimmer profit margins, Germanischer Lloyd (GL) experts showed how the i
Russia: Deep-Sea Submersible Identifies Lost Trawler Ametist
With the help of deep-sea submersible Panther Plus experts managed to identify trawler Ametist lost in the Sea of Okhotsk in Feb 2011, said press secretary of FSUE KamchatNIRO Maria Varkentin referring to director Oleg Lapshin who is coordinating the search operation on board research ship TINRO. “I
Norway: Statnett Reports Profit After Tax of USD 45 Million
The Statnett Group reports profit after tax of NOK 265 million for the first quarter of 2012. The corresponding figure for the same period in 2011 was NOK 394 million. The reduction was due to downward adjustment of tariffs for 2012 and lower congestion revenues in the period. In the first quarter o
The Netherlands: Imtech Marine, SHL Sign Support Contract for Second Crane Vessel
Imtech Marine’s Advanced Support Agreements, which include 24/7 remote Monitoring & Maintenance, are raising interest among ship owners. Recently, Seaway Heavy Lifting (SHL) signed a support contract for a second crane vessel. The Imtech Marine support agreement covers all of the systems onboard, in
Namibia: No Tapir Oil for Chariot
Chariot Oil & Gas Limited , an oil and gas exploration company focused on Africa, announces that the Tapir South (1811/5-1) exploration well in Northern Block 1811A in the Namibe basin offshore Namibia has reached a total depth of 4,879 metres TVDss. The the second well ever to have been drilled in
UK: CodaOctopus Signs Echoscope Agreement with Atlas Services
An important part of the TAP service is the provision of trained, expert operators who are able to ensure that the Echoscope is operating optimally as soon as it’s installed, and is providing imagery and recorded data to suit the customer’s requirements. CodaOctopus has entered into an agreement wit
Port Anniversary in Hamburg, Germany
This weekend, the German trade hub opened the gateway to India at Hamburg’s Port Anniversary, the world’s largest port festival. Once again, both countries displayed their close relationship as India presented itself to more than 1.5 million visitors at the INDIA FESTIVAL. Launch of “Days of India i
Cyprus: Songa Offshore’s Fleet Status Update for April
Songa Offshore, a Cyprus-based international offshore drilling company operating a fleet of 6 semi-submersible rigs with an additional 4 on order, has provided its fleet status update for April 2012: Songa Venus achieved an operating efficiency of 100% during the month. The rig continues to operate
Norway: Simek Shipyard Launches PSV NB 126
Simek shipyard on May 12th 2012 successfully launched the Platform Supply Vessel (NB 126) of UT 755 LC design. Day after the vessel was launched the remaining superstructure, Block 5, was assembled to Yard no. 126 by a floating crane. NB 126 is the 13th vessel of UT 755 design that Simek yard has bu
The Netherlands: DEME – Naming of Ocean-Going Rock Cutter Dredge ‘Ambiorix’
Yesterday, the self-propelled cutter suction dredger ‘Ambiorix’ was named in the port of Rotterdam by Mrs. Marie-Claire van Haaren-Donnet, spouse of the late Paul van Haaren, managing director of Ackermans & van Haaren until 1981. The Ambiorix is one of the most powerful and advanced cutter suction
UK: Coastline Surveys Plans to Purchase DATEM 5000 CPT System
As part of continual company growth and development, Coastline Surveys Ltd has placed an order for the purchase of a DATEM 5000 CPT system. The DATEM 5000 unit is a coiled rod design offering the latest technology and increased push capability compared to similar CPT designs available. The unit is c
UK: Bond’s EC225 Helicopters Grounded
Bond Offshore Helicopters Ltd yesterday said it would continue the suspension of all EC225 helicopter flights. Bond, the provider of offshore helicopter transportation services between Aberdeen, Scotland and several North Sea oil platforms, cancelled all EC225 flights following the “controlled desce
UK: No Value Accorded to SeaEnergy Offshore Wind Services
Research house Edison says that SeaEnergy should see the gap between its market price and the value of its assets close, the ProactiveInvestors reports. Edison analyst Graeme Moyse said that there is a significant gap between the market price of SeaEnergy and the value of its cash balance, and also