Business & Finance
Global Maritime Opens New Office in Germany
Global Maritime announced the opening of a new branch to their global network in Hamburg, Germany. Headed up by Country Manager Capt. Ekkehard Stade, the office in Ballindamm will serve alongside the 14 other offices in the GM Group, offering expertise in areas of Consultancy, Assurance, Design and
Scottish Renewables Responds to Trump Organization and CATS
Responding to evidence from The Trump Organization and Communities Against Turbines Scotland to the Economy, Energy and Tourism Committee, Niall Stuart, Chief Executive of Scottish Renewables said: “Tackling climate change and creating meaningful and sustainable jobs are the two key challenges for t
Russia: Launching for Eighth Diving Support Vessel of Project A160
ZNT Yard yesterday, on April 24th, conducted the launching ceremony for the eighth Diving Support Vessel of Project A160 (yard No. 809) named Vodoloaz Sazonov. The project is made by ZNT-yard together with “Agat Design Bureau” Ltd. The vessels of Project A160, funded through the federal target progr
Russia: ZNT Yard Launches Eighth Diving Support Vessel of Project A160
ZNT Yard yesterday conducted the launching ceremony for the eighth Diving Support Vessel of Project A160 (yard No. 809) named Vodoloaz Sazonov. The project is made by ZNT-yard together with “Agat Design Bureau” Ltd. The vessels of Project A160, funded through the federal target program “Development
Norway: PSA Inspects Lundin’s Management of Brynhild Subsea Facilities
On 27 March 2012, the Petroleum Safety Authority Norway (PSA) carried out an audit of Lundin Norway AS’ management of the Brynhild field development project, connected to subsea facilities and pipelines. The Brynhild field is being developed with a subsea facility with four wells that will be connec
The Netherlands: APM Terminals Assigns Senior Executive as Safety Activist
APM Terminals takes an unusual organizational step to further improve its safety culture: The Hague-based global port and inland operator, often highlighted and awarded as safety leader in the industry, has decided to assign one of its most experienced and trusted executives as an internal Safety Ac
Eni, Rosneft Team Up in Russian Shelf Development
Today, Eni CEO Paolo Scaroni and Rosneft President Eduard Khudainatov, signed a strategic cooperation agreement in the presence of the Prime Minister of the Russian Federation Vladimir Putin, which provides for the joint development of the licenses in the Black Sea and the Barents Sea on the Russian
UK: Penspen Provides Detailed Design for Greater Stella Area Development
The Offshore business stream of the Penspen Group, Andrew Palmer & Associates, has been contracted to provide Detailed Design services to EPC Offshore Limited (EPC) in support of Ithaca Energy’s Greater Stella Area (GSA) Development. The contract follows on from Penspen’s recent work for EPC Offshor
UK: BOWL Submits Application to Develop Beatrice Offshore Wind Farm
Beatrice Offshore Windfarm Ltd (BOWL) has submitted an application to the Scottish Government for consent to develop the Beatrice offshore wind farm in the Outer Moray Firth. BOWL is a joint venture partnership formed between SSE Renewables (75%), SSE’s renewable energy development division, and Rep
Parker Buys UK’s Olaer Group
Parker Hannifin Corporation, the global leader in motion and control technologies, today announced that it has signed an agreement to acquire the Olaer Group headquartered in Deeside, United Kingdom. Olaer is a leading manufacturer of a broad range of advanced hydraulic accumulator and cooling techn
Turkey: ANADOLU Shipyard Launches Seventh LCT Vessel
At the end of March ANADOLU Shipyard (ADIK) successfully launched the seventh vessel of Landing Craft Tank (LCT) Project the NB 229 (C-157). The construction of the vessel started in 2011 and the hull was completed in November 2011. The first ship of the project was delivered to Turkish Naval Forces
Research Ship Seliger Built for Russian Navy Passes Trials
Ocean trials of JSC Yantar Shipyard’s research ship Seliger, which is being built for Russian Navy, are taking place in Baltiysk, reports Central Navy Portal. JSC Yantar Shipyard got the contract for construction of the ship in the Russian Navy’s tender. The ship began first phase of ocean trials on
Switzerland: ABB’s Orders and Revenues Up in First Quarter of 2012
ABB reported higher orders and revenues in the first quarter of 2012, led by growth in North America. Operational EBITDA declined 7 percent compared to the same quarter a year earlier while net income was up 5 percent. Orders were 2 percent above the very high levels in the first quarter of 2011, dr
Nord Stream Successfully Completes Its Green Logistics Programme
Nord Stream AG announces the successful completion of its complex international logistics programme. This award-winning green logistics concept enabled the most efficient and environmentally-sound way of supplying to the pipe-laying vessels the 200,000 24-tonne concrete weight coated (CWC) pipes nee