Business & Finance
Norway: SOFF Sells 50 pct in CSV Normand Oceanic to Subsea 7
Solstad Offshore ASA (SOFF), a Norway-based shipping company focused primarily on offshore oil & gas industry, has entered into an agreement with Subsea 7, under which Subsea 7 will acquire 50% of the CSV “Normand Oceanic” through purchase of shares in a single purpose company to be incorporated. “N
UK: Subsea 7 Buys 50 Pct Ownership in CSV Normand Oceanic, Extends Charter for Vessel
Solstad Offshore ASA (SOFF) has entered into an agreement with Subsea 7 International Contracting Limited (Subsea 7), where by Subsea 7 will aquire 50% of the CSV “Normand Oceanic” through purchase of shares in a single purpose company to be incorporated. “Normand Oceanic” was delivered to SOFF from
Norway: Solstad Offshore Extends Charter Contract for CSV ‘Normand Oceanic’
Solstad Offshore ASA (SOFF) has entered into an agreement with Subsea 7 International Contracting Limited (Subsea 7), whereby Subsea 7 will aquire 50% of the CSV “Normand Oceanic” through purchase of shares in a single purpose company to be incorporated. “Normand Oceanic” was delivered to SOFF from
Sweden: RORO Exhibition – The Time for Change is Now
The European Commission’s (EC) proposals to cut shipping fuel sulphur content on short sea routes in northern European waters come into effect from 2015, but how far advanced are ro-ro operators in adopting the changes? With energy consumption, emissions and environmental regulation all high on the
France: Vallourec Launches PREON, New System for Offshore Wind Turbine Anchoring
Vallourec, world leader in premium tubular solutions, presents its patented PREON® marine tubes system designed to anchor offshore wind turbines to the seabed. Developed by Vallourec’s R&D teams, this solution will mean that offshore wind turbine foundations can be installed with less effort, noise
Norway Calls for APA 2012 Applications
The Ministry of Petroleum and Energy Norway has announced the annual licencing round for mature areas on the continental shelf, comprising the predefined areas with blocks in the North Sea, the Norwegian Sea and the Barents Sea. The aim is to award new production licences in the announced areas in e
Sweden: DNV Announces Acquisition of Vattenfall’s Shares in STRI
Today, DNV acquires Vattenfall’s shares in STRI to expand its presence in the power transmission sector. “The purchase of 12.5% shares in STRI (Swedish Transmission Research Institute) is a natural step in our drive to support both the electrification of the oil and gas industry, as well as the inte
Germany: MS&D and SMM 2012 Under One Roof
The worldwide networking of economic relations continues to grow with enormous dynamism. The security of shipping routes and ports is essential for this global development, which has made shipbuilding and shipping key industries in global logistics. SMM, the world’s leading maritime industry fair, i
Thailand: Bua Ban South A-03 Well Disappoints, Coastal Says
Coastal Energy Company , an independent exploration and production company with assets in Thailand, announces the results of the Bua Ban South A-02 and A-03 wells. The Bua Ban South A-02 well was drilled to a total depth of 8,275 feet TVD. The well encountered 8 feet of net pay in the Lower Oligocen
Romania: Damen Galati Builds Three ASD 2810 Tugs for Kotug
Kotug will soon take over three Damen ASD Tugs 2810 for utilization. The construction of these tugs was commissioned by Elizabeth Ltd in Malta and chartered by Kotug, both part of the Kooren Maritime Services Group (KMS). Two tugs are deployed in the port of Rotterdam and the third will serve in the
MMT to Survey HVDC Link Between UK and Norway
Statnett SF and National Grid International Ltd have awarded MMT (Sweden) the marine survey contract for the NSN Seabed survey, a power transmission link between Norway and UK. Statnett and National Grid are jointly developing a project to construct a High Voltage Direct Current (HVDC) electrical in
Norway: Noreco Spins Drillbit at Eik Prospect in Barents Sea
Norwegian Energy Company ASA (Noreco) has started the drilling of exploration well 7228/1-1 on the Eik prospect in the Barents Sea. The Eik-prospect in the PL 396 license is located northeast in the Barents-sea, 210 kilometres northeast of the North Cape, and about 75 kilometres east of the gas disc
Russia: Gazprom Neft, Chevron Ink Marine Engine Oils Production Agreement
Gazprom Neft Lubricants and Chevron have signed a licensing agreement for the manufacture of marine engine oils, allowing the Gazprom Neft subsidiary to supply a wide range of lubricants, including hydraulic, compressor, turbine and cooling liquids as well as specialized lubricants, for sea and rive
UK: Subsea 7 Wins SURF Contract for Cheviot Field Development
Subsea 7 S.A. announced the award of a SURF contract valued at approximately $175 million from ATP Oil & Gas (UK) Limited/Bluewater, the operator on the Cheviot Field, situated 120km East of Shetland. The Cheviot Field development will use a moored floating process facility which will import oil and