Business & Finance
Ardmore Shipping Supports Next Generation of Seafarers
Ardmore Shipping plays its part in supporting the next generation of seafarers to take their place in Ireland’s distinguished maritime tradition through its participation in the Irish Cadet Training Programme, run by the National Maritime College of Ireland. Ardmore Shipping has provided a number of
DOF’s Skandi Atlantic to Work for Apache in Australia
Norway’s DOF has signed a contract with Apache Energy Limited (Apache) for Skandi Atlantic for operations in Australia. The firm period of the contract is 900 days commencing in May 2012. The value of this 900 days contract is approximately NOK 225 million (approximately USD 40 million). Skandi Atla
UK: Crown Estate Announces Three New Wave and Tidal Energy Projects
The Crown Estate has announced three further agreements for lease for wave and tidal energy projects. The sites result from the third application window in the leasing process for projects in connection with the Scottish Government’s Saltire Prize (in Scottish waters) and demonstration projects (all
GE to Supply Subsea Equipment for ATP’s Cheviot Field in UK
GE Oil & Gas will supply ATP Oil & Gas (UK) Limited with subsea production equipment, ancillary systems and related services for ATP’s signature Cheviot oilfield project in the North Sea, under the terms of an $80 million contract. ATP is a unit of Houston, Texas-based ATP Oil & Gas Corporation (NAS
UK: Reef Subsea Unveils Subsea Construction Vessel Reef Larissa in Aberdeen
Reef Subsea AS announced that one of its new inspection, maintenance & repair and subsea construction vessel, the Reef Larissa, which will be operated soon by its specialised company Specialist Subsea Services Ltd (S³) was unveiled at Aberdeen Harbour on Wednesday 25th April 2012, having just return
Norway: NOCC Secures New Time Charter for Car Carrier ‘NOCC Coral’
NOCC has entered into a new time charter contract for the 100% owned car carrier “NOCC Coral” for a period of about 12 months from the end of July 2012. The concluded time charter rate is about 10 % higher than comparable fixtures made during the fourth quarter of 2011 and about 20% higher than [&he
UK: Fugro on Shortlist for ‘International Project of the Year’
After a record number of entries Fugro have been shortlisted for ‘International Project of the Year’ in the Ground Engineering Awards to be held on May 4th at Grosvenor House Hotel, London. The nomination is for their geotechnical work on the Arkona-Becken Südost offshore wind farm in the Baltic Sea
UK’s Proserv Buys Weatherford’s Subsea Controls Business
Global-leading energy production technology services company Proserv based in Aberdeen, is bolstering its rapidly-expanding subsea capabilities and specialist integrated services and increasing its workforce by more than 300 people. Proserv, which has operations globally, has agreed terms to assume
Norway: Edda Accommodation Building Two New Vessels
Edda Accommodation, a company controlled by Østensjø Rederi, has recently signed two new contracts for the accommodation vessel Edda Fides. Based on the experience with Edda Fides, the company is now building two new accommodation units. By entering into two new contracts, Edda Accommodation has sec
DeepOcean Group Subsidiaries Rebrand and Change Names (Norway)
CTC Marine Projects Ltd., Trico Offshore Ltd. and Deep Ocean AS, all subsidiaries of DeepOcean Group Holding AS, today announced that they are rebranding and changing name to DeepOcean. “The move is more than a name change,” says DeepOcean Group CEO Bart Heijermans. “We will operate as one company o
Former Ulstein CEO Passes Away at 78 (Norway)
Idar Ulstein, that was CEO and Chairman of the board of ULSTEIN for many years, passed away Sunday night. He has played a huge role for the maritime industry and has been deeply involved in community development. Idar Ulstein entered the company first as a 14 year old in 1948, when his father died.
Eidesvik Sells Two Supply Vessels in Brazil. Buys New One for North Sea
Eidesvik has entered into sales agreements of USD 64 million for the two supply vessels Viking Surf (built 2002) and Viking Thaumas (built 2005). Both vessels are employed on contracts in Brazil. The deliveries of the vessels are expected to take place in the first half of May 2012. The company will
Norway: Statoil, Centrica Nail Down USD 1.6 bln Assets Sale
The transaction following Statoil’s divestment and exit from several licenses on the Norwegian Continental Shelf (NCS) in November last year is now closed. The buyer was the UK based energy company and established NCS player Centrica and the consideration was USD 1.525 billion. An additional payment
Norway: DNV Increases Its Arctic Focus
The Arctic has large oil and gas resources and operations in this sensitive and harsh area will require efficient oil-spill preparedness solutions. “The acquisition of Norwegian Petro Services (NPS) in Norway and its recognised expertise will play an important role in our activities in this field,”