Business & Finance
Croatia: Uljanik Shipyard Splashes New Ferry Built for ASCSS
Croatian Uljanik shipyard today on May 10th 2012 successfully launched ferry Barda (yard No.498) which is being built for the Azerbaijan State Caspian Sea Shipping Company. The second ferry, to be named Balaken, is going to be launched next month. The contract for the construction of Yards 498 and 4
Secretary of State for Scotland Visits Bibby Offshore
Aberdeen-based subsea installation contractor Bibby Offshore today hosted a visit by the Secretary of State for Scotland, Rt. Hon. Michael Moore MP, as part of a fact-finding mission on the energy sector in the city in conjunction with Oil & Gas UK. He joined senior representatives from Bibby Offsho
BARD Group Hires JB 117 Jack-Up Barge (Germany)
The BARD Group is intensifying its construction activities in the development site of BARD Offshore 1, the first commercial offshore wind farm in the North Sea located around 100 kilometres off the island coast of Borkum. From now on, the JB 117 belonging to the Dutch company Jack-Up Barge B.V. will
Norway: NCE Subsea’s Report Deals with Technology Challenges for Subsea Industry
Subsea development faces major new challenges. Deeper water, long tiebacks and difficult production conditions require new solutions and new technologies. A new report from NCE Subsea gives an overview of technology challenges specific to the subsea industry. Operating companies pay well for the bes
Bibby Offshore Welcomes Visit of Senior UK Minister
Aberdeen-based subsea installation contractor Bibby Offshore today hosted a visit by the Secretary of State for Scotland, Rt. Hon. Michael Moore MP, as part of a fact-finding mission on the energy sector in the city in conjunction with Oil & Gas UK. He joined senior representatives from Bibby Offsho
Norway: Apply Takes Slice of Edvard Grieg Platform Cake
Apply Leirvik has been awarded an Engineering, Procurement & Commissioning (EPC) contract from Kvaerner Stord for delivery of a Living Quarter and Helideck to the Lundin’s new Edvard Grieg Platform (formerly Luno). The contract includes delivery of a new 7 floor Living Quarters Module with an area o
Ukraine: Shipyard Zaliv Completes Construction Works on Next Offshore Vessel
JSC Shipyard Zaliv has completed the construction works on the offshore platform supply vessel of project 832 CD. The vessel was designed by the famous shipbuilding group Havyard International AS. By the words of the General Director Mr. Nikolay Yermak, despite the fact that Zaliv has already worked
The Netherlands: EIB Finalises EUR 900 Mln Funding for Maasvlakte 2
The European Investment Bank has formally agreed to provide the final part of EUR 900m overall funding to support investment by the Port of Rotterdam Authority in port infrastructure, of which Maasvlakte 2 is by far the most important. The European Union’s long-term lending institution has funded la
Norway: BW Offshore Sees Strong Outlook
BW Offshore, a global provider of floating production storage and offloading (FPSO) vessels to the oil and gas industry reported that the company’s operating revenues for the first quarter of 2012 amounted to USD 217.5 million, an increase of USD 9.4 million compared to USD 208.1 million in the four
UK: SeaZone Takes Part in Audit by BSI Management Systems
Leading marine data solution provider SeaZone has recently been part of an audit by BSI Management Systems (UK). The Quality Management System (QMS) adhered to by SeaZone has been certified as compliant with the requirements of the international standard ISO 9001:2008 by BSI Management Systems (UK).
UK: Gardline Inks Charter Contract with Red7Marine for DP Reel
Gardline Geosciences Limited announced that it has signed a contract with Red7Marine for the long term charter of the 91 m, DP2 vessel DP Reel. The addition of the DP Reel increases Gardline’s geotechnical fleet to 7 units, of which 3 are based in European waters. This vessel will undertake borehole
ICTSI’s Poland Subsidiary Signs Credit Agreement for Terminal Modernization
Baltic Container Terminal (BCT), International Container Terminal Services, Inc.’s (ICTSI) subsidiary in Poland, recently entered into a credit facility agreement for US$46.5 million with Bank Pekao S.A for the modernization of the terminal in Gdynia. The facility consists of a 10-year capital expen
MOL Contributes to Debate on Pricing Fluctuations (UK)
There are usually very good reasons for shippers receiving significant variations in price quotes from different shipping lines, says Adrian Jones, MOL’s UK Managing Director. Speaking at the ‘Saving logistics costs’ seminar at the Multimodal Exhibition in Birmingham, Mr Jones was called on to give
VIDEO: Providence Encouraged by Barryroe Wireline Logging (Ireland)
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 Bar