Business & Finance
Noreco: Eik Prospect Disappoints (Norway)
Norwegian Energy Company ASA (Noreco) is currently drilling exploration well 7228/1-1 on the Eik prospect in the Barents Sea. The preliminary drilling results indicate that the well does not contain commercial quantities of hydrocarbons. The well is located in licence PL396 in the Barents Sea, about
Norway: TTS Exits Drilling Equipment Industry
Norway-based TTS Group ASA has entered into an agreement to sell its drilling equipment business, a part of TTS Energy divison, and relevant subsidiaries, to Cameron International Corporation for USD 270 million, plus a turnover based earn-out model for a three-year period. Offshore Handling (cranes
Dutch Rijkswaterstaat Takes Delivery of Coda Octopus’ UIS
Coda Octopus Group, Inc. announced that the world-renowned survey department of Rijkswaterstaat in the Netherlands has just taken delivery of their first integrated Underwater Inspection System (UIS™) from Coda Octopus Products. Rijkswaterstaat’s survey department, whose remit covers mainly inshore
Russia: Krasnoye Sormovo Shipyard Launches VF Tanker-2 for VBTH
On April 16th Krasnoye Sormovo Shipyard held launching ceremony for the 6.900 DWT product carrier VF Tanker-2. This is the third vessel in a series of 20 river sea-going product carriers of project RST27 ordered by VBTH. Krasnoye Sormovo is responsible for the construction of 10 tankers of project R
UK: Roozbeh Ganjvar Joins Jee as Principal Structural Engineer
Structural engineer Roozbeh Ganjvar has joined Jee Limited as a Principal Structural Engineer. Roozbeh has 20 years of experience in structural analysis and design, and integrity assessment of onshore and offshore structures. His previous roles have included different aspects of civil and structural
Norway: Statoil Sells Fuel & Retail Division. Focuses on Upstream
Statoil ASA’s Board of Directors has decided to pre-accept, subject to certain conditions, a cash offer from Alimentation Couche-Tard for the shares in the listed energy and retail company Statoil Fuel & Retail ASA at a consideration of NOK 53 per share (adjusted for any dividends and other distribu
UK: South Boats Delivers New Workboat to Iceni Marine Services
South Boats Special Projects Ltd. announced the launch and commissioning of its 54th offshore wind farm crew transfer vessel, ‘Iceni Pride’. The vessel is a South Catamaran 13m Rapid Response Vessel (RRV) built to fulfil a 5 year contract Iceni Marine Services has in place with Scottish & Southern E
UK: Seatronics Orders Teledyne Odom’s New MB1 Multibeam Sonar
Seatronics, an Acteon company, has ordered Teledyne Odom’s new MB1 multibeam sonar system. This is Seatronics’ first order for the system and it plans to purchase more during the year. Dave Currie, managing director for Seatronics, said, “We can see that a lot of thought has gone into the design of
Norway: Kongsberg’s Kinect Installed at Vestfold University College
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
UK: GEOSHIPS Extends Fleet Following Successful Year for First Vessel
SeaHold GEOSHIPS Ltd, a marine and subsea services shipping company, has taken delivery of its second multi-purpose support vessel (MPSV) on a contract valued at over £30 million, following a successful year for its current vessel, the Stril Explorer. Formed in 2003, Aberdeen-based GEOSHIPS will man
Italy: Novacavi Develops Bespoke Heavy Armoured Composite Tow Cable
Novacavi has recently developed a bespoke composite tow cable with a very special heavy armour and breaking strength higher than 1000kN to be used in fishery sector. Due to its peculiar application, this cable has to be specifically designed with an overall protection made of compacted smooth grease
UK: Cosalt Offshore Honored for Promoting Safety
Cosalt Offshore, a provider of lifting, tooling and maritime services to the oil and gas industry, has been recognised by the British Safety Council for its dedication to improving health and safety in the workplace. Cosalt Offshore attained a merit level award after receiving a near perfect 59 poin
France: Damen Brest Shipyard Secures Order from Bourbon Offshore
On Wednesday 11th April 2012, Director André Hollander and Sales Manager Theo Kloosterman proudly announced the first shiprepair order of Damen Shiprepair Brest (France) by sounding the bell in the traditional way. It is the first vessel is booked under the new management and comes in the second wee
Denmark: Semco Maritime Plans to Double Turnover by 2015
A large number of incoming orders helped to ensure Semco Maritime A/S a significant growth in 2011. The turnover was increased by 40 per cent to 1.76 billion DKK, which is the largest ever. The operating profit was 38 million DKK against 18 million DKK the year before.