Business & Finance
iCargo Launches EU-Funded Cargo and Logistics Framework Programme
iCargo, the pan-European cargo and logistics project part funded by the EU, has formally launched its three and a half year framework programme. The project, formally titled “Intelligent Cargo in Efficient and Sustainable Global Logistics Operations” includes research, development, demonstration and
UK: Sterling Sells Interest in Cladhan. Secures Funds for Exploration
Sterling Resources Ltd. has announced the divestment of an interest in Cladhan, a significant improvement in the terms of the Breagh loan facility, and an update on the activity plan for the remainder of 2012. The Company has signed a sale and purchase agreement with TAQA Bratani Limited (“TAQA”) fo
Norway: Artemis Atlantic Sailing towards Barents Seismic
Starting 26 April, the Norwegian Petroleum Directorate (NPD) will acquire 2D seismic in the southeastern part of the Barents Sea. The acquisition, to be carried out by the vessel M/V Artemis Atlantic, will last from six to eight weeks. In total, about 6 000 kilometres of seismic data will be acquire
Norway: Maersk Drilling Inks New Contract with Centrica Energi for Jack-Up Rig
Maersk Drilling has signed a new contract with Centrica Energi at a value of at least USD 60 million. With this contract the company’s rig capacity in Norway is sold out until the second quarter of 2014. The demand for ultra harsh environment rigs keeps growing while rig supply remains tight. The co
Norway: Centrica Energi Hires Maersk Drilling’s Jack-Up
Maersk Drilling has signed a new contract with Centrica Energi at a value of at least USD 60 million. With this contract the company’s rig capacity in Norway is sold out until the second quarter of 2014. The demand for ultra harsh environment rigs keeps growing while rig supply remains tight. The co
Norway: Hammerfest Strøm Changes Its Name to ANDRITZ HYDRO Hammerfest
Earlier this year ANDRITZ HYDRO increased its shareholding in Hammerfest Strøm AS and became the majority shareholder in the Company. Other major shareholders are the Spanish utility company Iberdrola and the local Norwegian utility company Hammerfest Energi. The company will operate under the name
USA: ConocoPhillips Reports 1Q Earnings of USD 2.9 bln
ConocoPhillips today reported first-quarter earnings of $2.9 billion, compared with first-quarter 2011 earnings of $3.0 billion. Excluding $330 million of special items, first-quarter 2012 adjusted earnings were $2.6 billion. Special items were primarily related to gains on asset dispositions, parti
DOF, Maersk Extend Charter Contract for PSV Skandi Caledonia (UK)
DOF and Maersk Oil North Sea UK Limited (Maersk) have agreed a 3 year extension of the contract for Skandi Caledonia. Maersk had, in accordance with the charterparty for the vessel, an option to extend the contract period with one year from 1st October 2012. This one yearly option has now been repla
Maersk Extends Contract for DOF’s Skandi Caledonia PSV (Norway)
DOF and Maersk Oil North Sea UK Limited (Maersk) have agreed a 3 year extension of the contract for Skandi Caledonia Platform Sup. Maersk had, in accordance with the charterparty for the vessel, an option to extend the contract period with one year from 1st October 2012. This one yearly option has n
Norway: Wartsila Hamworthy to Install Largest Multi-Stream Scrubber on MV Tamesis
Wärtsilä Hamworthy, the global leader in complete lifecycle power solutions and integrated systems for the marine markets, today announced an agreement with Wilh. Wilhelmsen ASA, the global rolling cargo operator, to retrofit their vessel MV Tamesis with a Krystallon Exhaust Gas Cleaning System (EGC
The Netherlands: VSTEP Provides Crane Simulator for EMO
For EMO, the largest transshipment terminal for coal and iron ore in Western Europe, VSTEP created a crane simulator for preparation and training of future and current dry bulk crane operators, increasing their effectiveness and precision. EMO is one of the leading companies in the dry bulk market.
BG Group Enters USD 500 mln Credit Agreement with Export Development Canada
BG Group, a world leader in natural gas, with a strategy focused on connecting competitively priced resources to specific, high-value markets, today announced a US$500 million credit agreement with Export Development Canada (EDC). The agreement has an initial term of four years with the option to ex
Dutch No Limit Ships Delivers Its Biggest Vessel for Hydrographic Research
Recently No Limit Ships Shipyards delivered a 19,40 metres long survey vessel. It is the biggest vessel for hydrographic research the yard has built so far. The vessel is destined for a Russian customer who has already used smaller No Limit survey vessels. In recent years the yard has supplied twelv
Scotland Publishes Offshore Renewables Investment Map
The Scottish Government’s commitment to renewable energy is already producing thousands of jobs across the country and will generate tens of thousands more, First Minister Alex Salmond said today as recent investment announcements in offshore wind, wave and tidal power were highlighted in a newly-pu