Business & Finance
Norway: Hydratight Uses Innovative Solutions for Statoil’s Pipe Repair
Experts from joint integrity and engineering services company Hydratight found an innovative solution to a tricky repair for Statoil, by using a MORGRIP connector to repair a 6in super duplex pipe located within the constrained space of a subsea manifold, 340m under the surface of the North Sea. Hyd
Greece: Aegean Marine Takes Delivery of Final Addition to Its Newbuild Program
Aegean Marine Petroleum Network Inc. yesterday announced that it has taken delivery of the Symi, a 6,270 dwt double-hull bunkering tanker newbuild from Qingdao Hyundai Shipyard in China. The Symi, which is expected to be deployed to the Company’s market in West Africa, represents the final vessel un
Seadrill Orders Tender Rig from COSCO, China
Seadrill, one of the world’s largest drilling contractors, has placed an order for a new tender rig at the COSCO Nantong Shipyard in China. The new unit, T18, is scheduled for delivery in the fourth quarter 2013. Total project price is estimated at US$135 million, including project management, drill
UK: GE Energy’s Procrane Solution for Port of Felixstowe
GE Energy’s Power Conversion business was the successful tenderer for the supply of the major elements of power, control and automation equipment in the mid-life upgrade of a Morris container handling ship-to-shore crane at the port of Felixstowe. Strategically located in south east England, Felixst
Ireland: Providence’s Finance Director Steps Down
The Directors of Providence Resources P.l.c. (“Providence”), the London (AIM) and Dublin (ESM) quoted oil and gas exploration and production company announce that Mr. Philip O’Quigley has accepted an offer to become Chief Executive of Falcon Oil and Gas Ltd, a Canadian listed oil and gas exploration
UK Government Moves Marine Power to Next Stage of Development
The UK Government announced allocation of £20m to engineering and environmental companies for projects aimed at development of tidal and wind energy, EDP 24 published. Apart from mere production of power, these include projects targeted at design and manufacture of indispensable technology in additi
Offshore Wind Turbines and Fish Live in Harmony, Danish Study Shows
The first Danish study into how one of the worlds largest wind farms affects marine life is now completed. It shows that the wind turbines and the fish live quite happily together. Indeed some species of fish have actually increased in number. As work is just beginning on Denmark’s newest and so far
France: CGGVeritas Provides Vessel Utilization Update
CGGVeritas provides its vessel utilization and its fleet allocation updates for the first quarter of 2012. Vessel utilization for the first quarter 2012: * The vessel availability rate was 84% including 6% associated with the on-going upgrade of the Oceanic Champion which was finished on March 31st
UK: MEAD Scheme to Assist Wave Hub Deployments ?
Claire Gibson, Wave Hub’s General Manager commented, “Earlier this year MPs said that funding support for the first arrays would be critical to the UK capturing the huge potential of wave and tidal energy, so it’s good news that this long-awaited competition has been launched. Wave Hub is specifical
Shipping Key Performance Indicator by InterManager Passes Important Milestone
The Shipping Key Performance Indicator Project, initiated by InterManager but now administered by the independent KPI Association Ltd, has passed an important milestone. Performance statistics from more than 1,000 vessels are now being inputted into the project’s website – enabling the KPI system to
Ireland: Providence Waves Goodbye to Finance Director
Providence Resources P.l.c., an oil and gas exploration and production company, announces that Mr. Philip O’Quigley has accepted an offer to become Chief Executive of Falcon Oil and Gas Ltd, a Canadian listed oil and gas exploration business. Accordingly, Mr. O’Quigley is stepping down from his exec
UK: Tritech Appoints New Board Members
Tritech announces the appointments of Scott McLay as Sales Director and David Bradley as Supply Chain Director. Scott has over 20 years’ experience in the subsea industry having held several senior management and executive level positions with privately held Oil and Gas sector companies. His most re
Greece: Goldenport’s BoD Appoints Mr. John Dragnis as CEO
Goldenport Holdings Inc., the international shipping company that owns and operates a fleet of container and dry bulk vessels announces that its Board of Directors has appointed Mr. John Dragnis as Chief Executive Officer, a post that he will assume immediately. Captain Paris Dragnis, Founder and cu
UK: Mitsubishi to Create More than 100 Jobs in Edinburgh
Japanese giant Mitsubishi Power Systems Europe Ltd (MPSE) confirmed its announcement on investment of up to £100 million in an engineering facility in Edinburgh and thus strengthening Scottish economy, by bringing over 100 new jobs, BBC informs. The facility will carry our research and development i