Business & Finance
UK: Gardline Charters DP Reel from Red7Marine
Gardline Geosciences Limited announces 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 Croatia to Get New Equipment for Terminal
Adriatic Gate Container Terminal j.s.c. in Rijeka, Croatia recently signed an agreement with Shangai Zhenhua Heavy Industries Co. Ltd. for the delivery of new equipment for the terminal. These equipment include two post Panamax quay cranes, eight rubber tired gantries and rail mounted gantries. Deli
The Netherlands: Interesting Challenges in Offshore Wind Energy Sector
Offshore Energy Exhibition & Conference brings you a series of columns in which prominent industry representatives share their views on key developments in the offshore oil, gas and energy markets. This column is written by Johan van Wijland, Managing Director of Van Oord Offshore Wind Projects. In
Ireland: Providence’s Seismic Inversion Study Shows Significant Barryroe Reservoir Potential
Providence Resources P.l.c., the Irish oil and gas exploration and production company, whose shares are quoted in London (AIM) and Dublin (ESM), provides a technical update on the Barryroe oil discovery in the North Celtic Sea Basin, offshore Ireland. Providence (80%) operates Barryroe on behalf of
Germany: Hapag-Lloyd Increases Revenue in Q1 2012
Revenue up 8% at EUR 1.6 billion / Transport volume up 11% at over 1.3 million TEU / Soaring bunker prices depress earnings in Q1, which is always weak season for shipping Despite the persistently challenging environment in the industry, Hapag-Lloyd further increased its transport volume and revenue
CGGVeritas Reveals Positive First Quarter Results (France)
CGGVeritas announced its non-audited first quarter 2012 consolidated results. All comparisons are made on a year-on-year basis unless stated otherwise. Effective January 1, 2012, CGGVeritas changed the presentation currency of its consolidated financial statements from the euro to the U.S. dollar to
Mozambique Gives Nod for Shell’s Cove Takeover Bid
The Government of Mozambique has given its consent to the offer made by Shell to acquire the company and its 8.5 per cent participating interest in Rovuma Offshore Area 1 which would arise on the takeover. Cove said it “received written confirmation from the Government that it consents to the offer
UK: Umeco to Exhibit at 2012 All-Energy Show
Umeco will be exhibiting its Structural materials and Tooling prepreg technologies for the renewable energy market on Stand F89 at the 2012 All-Energy show in the Aberdeen Exhibition and Conference Centre – Bridge of Don, Aberdeen on the 23 and 24 May. The stand will feature a 1/72 scale model of th
Spain: Iberdrola Q1 Net Profit Up 0.7 pct
IBERDROLA’s first quarter net earnings rose 0.7% to €1,022 million with Ebitda up 4.1% at €2,365 million, driven by international growth and despite a decline in Spain where recent regulatory decisions have had a negative effect. Revenues rose 10% to €9,331 million, while gross margin was up 4.1%. N
Denmark Based Erria AS Becomes Intellocorp’s Client
Intellocorp, LLC, a company that provides easy to use, yet highly-sophisticated software solutions for the maritime shipping industry, recently announced that Erria A/S, a Denmark-headquartered global service provider of maritime transportation solutions, which manages a fleet of 43 ships, has becom
France: BOURBON Revenues Rise in 1Q 2012
Revenues continue to rise in the first quarter of 2012 in a market showing significant improvement; 18.0% rise compared with the 1st quarter of 2011 and +1.8% rise compared with the 4th quarter of 2011. “BOURBON is reaping the benefits of a booming market in the offshore oil & gas marine services, e
Dutch Amarcon Provides OCTOPUS-Onboard for Smit’s Taklift 7
Smit Marine Projects B.V. ordered Amarcon’s OCTOPUS-Onboard for the floating sheerlegs Taklift 7. The relation between Amarcon and Smit goes back for some years now. In 2010 OCTOPUS-Onboard was already installed on the Taklift 4 after a lease period of several weeks. The recent OCTOPUS-Onboard insta
Norway: Statoil Launches Ambitious Exploration Plans for Skrugard Area
Statoil ASA, together with partners Eni Norge AS and Petoro AS, has established a plan for further exploration drilling in the Skrugard area. The exploration campaign will comprise four new prospects and is scheduled to commence late 2012. The objective is to follow up on the Skrugard and Havis disc
TGS Commences Seismic Survey in UK North Sea
TGS has commenced acquisition of a 3D multi-client survey covering 3,210 km2 in the Erlend Basin on the UK Continental Shelf, West of Shetlands. This is the first multi-client 3D survey in the Erlend Basin and builds on the improved imaging shown by the reprocessed TGS North Sea Renaissance 2D data.