Business & Finance
Norway: Offshore Vessel Simulator Gets Seismic Streamer Deck
A cutting-edge new system, designed to train engineers and crew in seismic streamer deck handling has been installed at Vestfold University College in Norway. The Seismic Streamer Deck Operation Trainer was developed as part of Kongsberg Maritime’s leading Offshore Vessel Simulator, in co-operation
Denmark: Siri Platform Repair Costs Increase
As announced in June 2011 DONG Energy is implementing a permanent repair solution necessary to restore the integrity of the Danish North Sea platform Siri. Following the progress of the project, the repair cost estimate has been increased from the initial expected DKK 2 billion to DKK 3.5 billion of
Greek Controlled Fleet Hits Record Deadweight Levels
The Greek Shipping Co-operation Committee (GSCC) has confirmed that Liberia is the leading independent ship register of choice for Greek-controlled shipping companies, second only to the Greek flag itself. Figures just released by the GSCC show that, in the year ended 31 March, 2012, Liberia experie
Denmark: Offshore Wind Farms Need Alternative Capital Sources
The continuing economic crisis has created a need for alternative sources of capital for the renewable energy sector, people attending a panel session at the EWEA 2012 Annual Event in Copenhagen heard on Wednesday. Torben Pedersen, of PensionDanmark, also said there are considerable pressures on pub
Denmark: Offshore Wind Farms Need Alternative Capital Sources
The continuing economic crisis has created a need for alternative sources of capital for the renewable energy sector, people attending a panel session at the EWEA 2012 Annual Event in Copenhagen heard on Wednesday. Torben Pedersen, of PensionDanmark, also said there are considerable pressures on pub
UK: GE Oil & Gas, Expro Ink Framework Agreements with Hydrasun
Hydrasun, a leading specialist provider of integrated fluid transfer, power and control solutions to the global energy market, has received three framework agreements worth a total of £3.5million per year to the company. The recent agreements, for work in the North Sea and internationally, are with
Innomar to Present at International Hydrographic Conference in Monaco
Just a couple of days before the International Hydrographic Conference (IHC) takes place in Monaco. Innomar again will present products that are used for hydrographic applications. There are new demands and hydrographic services are not only interested in nautical depths and obstacles protruding fro
Denmark: Dong Energy Welcomes New CEO
DONG Energy’s Board of Directors has decided to appoint Henrik Poulsen as the new Chief Executive Officer (CEO) of DONG Energy. Henrik Poulsen joins from TDC A/S, where he is currently CEO. He will take up his new role no later than 1 November 2012. Fritz Schur, Chairman of the Board of Directors, c
Norway: Statoil Awards Research Prize to IRIS Chief Scientist
Eric Cayeux has been awarded the Statoil research prize 2012 for his work in automated drilling, which include scientific breakthroughs that will be of great importance to the industry. The prize of NOK 200,000 and a lithography by Håkon Bleken was awarded by Karl Johnny Hersvik, Senior Vice Preside
UK: Hydrasun Receives Framework Agreements Worth GBP 3.5 Million Per Year
Hydrasun, a leading specialist provider of integrated fluid transfer, power and control solutions to the global energy market, has concluded three framework agreements worth a total of £3.5million per year to the company. The recent agreements, for work in the North Sea and internationally, are with
The Netherlands: IHC Merwede Reports Increased Revenue and Profit
IHC Merwede develops and builds innovative vessels, advanced equipment and life-cycle support services for the dredging, mining and offshore industries. The company’s international outlook and expanding portfolio have helped it to record increased revenue and profit figures for 2011, and maintain it
Switzerland Based ABB to Power New Royal Caribbean Ships
ABB, the leading power and automation technology group, has won orders worth more than $60 million to provide complete power and Azipod ® propulsion systems for two new cruise ships to be built by Meyer Werft at its shipyard in Papenburg, Germany for Royal Caribbean Cruises Ltd (RCL). The ABB order
DONG Energy: Costs for Siri Platform Repair Rising (Denmark)
As announced in June 2011, Denmark’s leading energy company, DONG Energy is implementing a permanent repair solution necessary to restore the integrity of the Danish North Sea platform Siri. Following the progress of the project, the repair cost estimate has been increased from the initial expected
The Netherlands: IHC Merwede’s Revenue Increases to EUR 1.5 Billion
In the past year, IHC Merwede’s revenue has increased by four per cent to reach € 1.05 billion. The company’s net profit has also increased to € 103 million with a solvency ratio of 40%, demonstrating that IHC Merwede is in strong financial health and able to implement its growth strategy. With sale