Business & Finance
Malaysia: Coastal Contracts Orders Cargotec Cranes for Offshore Support Vessels
The high degree of reliability and performance expected from its offshore cranes has earned Cargotec orders from the wholly-owned subsidiaries of a Malaysian shipbuilding and vessel chartering group, Coastal Contracts Bhd. In March Cargotec has secured new orders for two 100-tonne active heave-compe
Polarcus Receives LOI for 3D Seismic Offshore Norway
Polarcus Limited, a seismic specialist headquartered in Dubai’s supersupertall skyscraper, the Almas Tower, has received a Letter of Intent from an undisclosed client for two 3D seismic survey projects offshore Norway. According to the Letter of Intent the program should start in mid-May and is expe
UK: GL Noble Denton Receives Pipeline Industries Guild Award
GL Noble Denton has won the coveted Utilities category of the 2012 Pipeline Industries Guild Awards. The award honours an innovative Beam Drilling System, which is used by UK gas network operators to secure drilling equipment onto gas pipelines more safely and efficiently. The Beam Drilling System i
Divers Safely Remove Remains of V2 Rocket Off UK Coast
Royal Navy and Army bomb disposal experts have successfully removed the remnants of a V2 rocket which was submerged off the English coast. A 4-feet-long section of the German World War 2 weapon was pulled from mudflats at low tide on the River Stour between Harwich and Felixstowe. The six-man Navy t
UK: Global Marine Energy to Provide Cable Landing Works for Lincs Offshore Wind Farm
Centrica Renewables Energy Ltd has contracted Global Marine Energy Ltd., the largest independent provider of subsea power cable installation, maintenance and related engineering services worldwide, to provide the cable landing works related to the west export nearshore cable at the Lincs Offshore wi
Norway: Bergen Group Secures Second Contract from Volstad Maritime
Bergen Group Fosen has been awarded a contract from Volstad Maritime AS for building a large and high end offshore vessel. The contract has an estimated value of NOK 750 million, and this is the second contract awarded from the shipping company this year. The signed contract is subject to final boar
Norway: Volstad Orders Offshore Construction Vessel from Bergen Group
Bergen Group Fosen has been awarded a contract from Volstad Maritime AS for building a large and high end offshore vessel. The contract has an estimated value of NOK 750 million (USD 132 million), and this is the second contract awarded from the shipping company this year. The signed contract is sub
Norwegian Government Approves Martin Linge Development Plan
The Norwegian Government approved the development plan for the Martin Linge gas field. Until now the licensees have referred to the field as Hild. Located in the northern part of the North Sea, the field is about 150 kilometres west of Kollsnes. Total investments in the development amount to about N
Singapore: Sembcorp Bags USD 560 mln Rig Order from Seadrill
Sembcorp Marine’s subsidiary Jurong Shipyard has secured a US$568 million contract to build a harsh-environment ultra-deepwater semi-submersible rig from North Atlantic Drilling Limited, a 74 percent owned subsidiary of Seadrill Limited (“Seadrill”). The new rig will be constructed based on the Moss
Polarcus Receives LoI for 3D Acquisition Program Offshore Norway
Polarcus Limited announces that the Company has received a Letter of Intent from an undisclosed client for two 3D seismic acquisition projects offshore Norway. The program will commence in mid-May and is expected to run for approximately 105 days. About Polarcus Polarcus is a pure play marine geophy
UK’s Cairn Buys Norway’s Agora Oil & Gas
Cairn announces the acquisition of Agora Oil & Gas AS (Agora) subject to regulatory approval, a private Norwegian company with non-operated, exploration, appraisal and development assets in the United Kingdom (UK) and Norwegian North Sea. The enterprise value of the proposed acquisition of Agora as
The Netherlands: Naming Ceremony for DCI DREDGE XIX at IHC Merwede’s Shipyard
IHC Merwede has successfully named and launched the 5,500m³ trailing suction hopper dredger, DCI DREDGE XIX, in today’s ceremony at the company’s shipyard in Krimpen aan den IJssel, The Netherlands. It is building the innovative vessel for Dredging Corporation of India Ltd. The ceremony was performe
The Netherlands: DCI DREDGE XIX Launched
IHC Merwede has successfully named and launched the 5,500m³ trailing suction hopper dredger, DCI DREDGE XIX, in today’s ceremony at the company’s shipyard in Krimpen aan den IJssel, The Netherlands. It is building the innovative vessel for Dredging Corporation of India Ltd. The ceremony was performe
Dutch Huisman to Build Offshore Mast Crane for Allseas’ Solitaire
Huisman, the specialist in lifting, drilling and subsea solutions, has secured a new contract from Allseas for the design and manufacturing of an 850mt Offshore Mast Crane. The crane will replace the current 300mt Offshore Mast Crane onboard Allseas’ pipelaying vessel “Solitaire”. The delivery is sc