Business & Finance
PSA Carries Out Audit of Lundin Norway AS’ Management of Brynhild Field
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
Russia: Alexey Miller Hosts BP’s Bob Dudley at Gazprom HQ
The Gazprom headquarters yesterday hosted a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Robert Dudley, Group Chief Executive of British Petroleum (BP). The meeting was focused on a development outlook for the global energy market and cooperation between
Italy: Titan Salvage, Micoperi Win Costa Concordia Wreck Removal Tender
Costa Crociere and the Costa Concordia Emergency Commissioner’s Office announced that the tender for the removal of the ship from Giglio Island has been awarded to Titan Salvage in partnership with the Italian firm Micoperi. The work will begin in early May subject to final approval from the Italian
SeaBird’s Northern Explorer Seismic Vessel En Route to East Africa
Cyprus-based SeaBird Exploration PLC has been awarded a contract in excess of USD 5.5 million in East Africa for the Northern Explorer vessel by a Multi-Client company. The contract will commence in direct continuation of her current contract with Spectrum ASA, and has an estimated duration of 60 da
Switzerland: ABB’s Q1 2012 Revenues Up
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
The Netherlands: Fairstar Meets with Representatives of Dockwise
Fairstar Heavy Transport N.V. (FAIR) has met with representatives of Dockwise, yesterday, in Fairstar’s Rotterdam Headquarters. At this meeting, Fairstar provided Dockwise with factual materials, including details about its future order book, which demonstrate that the true value of Fairstar is sign
Norway: Skarv Production Put Off for Q4 2012
PGNiG Norway, a subsidiary of Polskie Górnictwo Naftowe i Gazownictwo SA, was notified by BP, the operator of the Skarv project, of postponement of oil and gas production on the Norwegian Continental Shelf from Q2 2012 to Q4 2012. The postponement is caused by a delay in installation of risers due t
UK: BMT Defence Services Participates in Royal Navy’s MARS Tanker Project
BMT Defence Services Ltd, a subsidiary of BMT Group Ltd, has announced that it has been confirmed as a sub-contractor for the Royal Navy’s MARS (Military Afloat Reach and Sustainability) Tanker project, supported by sister companies, BMT Reliability Consultants Ltd and BMT Isis Ltd. The four new log
Inocean Unveils Mini Version of BW Athena FPSO (Norway)
A short while ago BW Athena arrived the UK North Sea field location – another step towards first oil. Yesterday a ceremony took place at Inocean when a mini version of the vessel was unveiled. In March 2010, BW Offshore signed a letter of intent for the FPSO BW Carmen with Ithaca Energy for work [&h
UK Department for Business Innovation and Skills Showcases SeaGen
A model of MCT’s SeaGen tidal technology is one of a number of exhibits on display at the BIS Marine Industry showcase, which is taking place in London between 16th – 27th April. The Marine Industry Showcase is opportunity to highlight the industry sector’s contribution to the UK economy and the Gov
Germany: Nexans Reports Q1 Sales of EUR 1,752 Million
Nexans today announced 2012 first-quarter sales of 1,752 million euros, that is, 1,169 million euros at constant non-ferrous metal prices, reflecting an annual growth of +0.6% at constant exchange rates and comparable scope. As a reminder, the organic growth rate for the first quarter of 2011 was 13
Germany to Construct and Modernize 84 Power Generation Plants
German industry is planning to invest in construction and modernization of 84 large power generation plants. The capacity of planned and installed projects is 42,000 megawatts with the total investment volume of more than EUR 60 billion. Some 69 plants out of the 84 projects are undergoing permittin
Bergen Group Wins Hook-up Contract for ConocoPhillips’ Ekofisk Platform
Bergen Group Offshore has, through its subsidiary Bergen Group Rosenberg AS, been awarded the contract for the Hook-up of ConocoPhillips’ new Ekofisk 2/4L platform. The contract value for the project is about NOK 175 million, and will generate activity during 2012 and 2013. In 2009 Bergen Group Rose
ConocoPhillips Hires Bergen Group Offshore for Ekofisk Platform Hook-up
Bergen Group Offshore has, through its subsidiary Bergen Group Rosenberg AS, been awarded the contract for the Hook-up of ConocoPhillips’ new Ekofisk 2/4L platform. The contract value for the project is about NOK 175 million, and will generate activity during 2012 and 2013. In 2009 Bergen Group Rose