Business & Finance
UK: ConocoPhillips Hires GMS Endurance
Gulf Marine Services’ (GMS) Aberdeen office has been selected by ConocoPhillips to provide accommodation and support services to their project in the Southern North Sea. GMS Endurance, a self propelled, self elevating accommodation barge built in Abu Dhabi in 2010, will mobilise from the Mediterrane
Kvaerner Invests in Upgrades of Its Facilities at Stord, Norway
Kvaerner is preparing for a significant growth in its home market and invests approximately NOK 250 million in upgrades of its facilities at Stord. The major investments will be increased lifting and trailing capacity, including a new Goliath gantry crane. “We have won some major contracts and are p
Norway: Kvaerner Invests in Upgrade of Stord Facilities
Kvaerner is preparing for a significant growth in its home market and invests approximately NOK 250 million in upgrades of its facilities at Stord. The major investments will be increased lifting and trailing capacity, including a new Goliath gantry crane. “We have won some major contracts and are p
SAL Transports Biggest Stinger Ramps from Rotterdam to Singapore
SAL was awarded to transport the largest stinger ramps ever built from Rotterdam to Singapore. MV “Annette” carried out this challenging shipment in April 2012. For the oversized cargo with a unit weight of up to 880 mtons and dimensions of up to 42.50 × 15.10 × 18.00 m, SAL’s engineering department
Norway: GC Rieber Shipping Offers to Acquire Outstanding Shares in Armada Seismic
GC Rieber Shipping ASA, through its wholly owned subsidiary Polar Ship Invest IV AS, has offered to acquire all outstanding shares in Armada Seismic ASA not currently owned by Polar. Armada was founded in 2010 with the purpose of acquiring two high-end 3D vessels from Factorias Vulcano in Spain. At
Norway: Kvaerner Invests in New Goliath Crane to Support Edvard Grieg Project
Kvaerner is preparing for a significant growth in its home market and invests approximately NOK 250 million (USD 43 million) in upgrades of its facilities at Stord. The major investments will be increased lifting and trailing capacity, including a new Goliath gantry crane. “We have won some major co
Norway: Petroleum Geo-Services Reports Increase in Revenues
Petroleum Geo-Services ASA (PGS) has announced results for first quarter of 2012 with the following highlights: – Revenues of $365.0 million, up 51% from Q1 2011 – EBITDA of $145.7 million, up 100% from Q1 2011 – EBIT of $35.8 million, up $33.3 million from Q1 2011 – Total MultiClient revenues of $1
Germany: EnBW Revenues Up 1.4 pct
Thanks to the stable development of the operating business, EnBW Energie Baden-Württemberg AG generated overall pleasing results in the first quarter of the current fiscal year 2012 despite the ongoing difficult environment. For example, EnBW’s revenue in the first three months of the year increased
UK: Enventi Completes Analysis of Cable Installation in Offshore Wind Industry
Enventi announces the completion of its comprehensive investigation into power cable installation in the offshore wind industry which forms part of the company’s strategic move into the design of offshore wind farm infrastructure. Enventi’s General Manager, Scott Macknocher commented on the findings
Greece: Danaos Takes Delivery of Its New Containership
Danaos Corporation announced that on May 3, 2012 it took delivery of one more newly built containership, the HYUNDAI SMART, expanding its operational fleet to a total of 62 containerships aggregating 336,849 TEU. The HYUNDAI SMART, built at Hyundai Samho Heavy Industries Co. Ltd, has a carrying capa
UK: WilPhoenix Stays with Premier Until 2014
UK-based drilling contractor Awilco Drilling PLC announces today that it has signed the contract with Premier Oil UK Limited for the provision of WilPhoenix semi-submersible offshore drilling rig for a term drilling program. The program will start in direct continuation from the previous Premier con
Topaz’s New AHTS Vessels to Work in Caspian Sea
Topaz Energy and Marine, a subsidiary of Oman-based Renaissance Services SAOG and a regional leader in providing offshore support vessels and engineering services, has added yet another milestone to its 35-year history by building two Anchor Handling/Offshore Support/Towing vessels. The two sister v
Statoil: 14 Pct Increase in First Quarter Results (Norway)
Statoil’s first quarter 2012 net operating income was NOK 57.9 billion, a 14% increase compared to NOK 50.8 billion in the first quarter of 2011. “Statoil grew production by 11% and realised high oil and gas prices in the first quarter of 2012, generating strong financial results for the period. Pro
UK: Vattenfall, Babcock, Abengoa Launch EPC Wave and Tidal Company Nautimus
Nautimus, the new Scottish company, has been established by Vattenfall, with support from leading UK engineering support services firm Babcock and Abengoa, the international company that applies innovative technology solutions for sustainable development in the energy and environment sectors. The co