Business & Finance
Norway: Eidesvik Holds Naming Ceremony for Viking Prince
Eidesvik newbuilding, Viking Prince, was named in an official ceremony in Aalesund, Norway, on 23 March. Viking Prince is the fifth Eidesvik Offshore vessel that is powered by LNG. It is a powerfull supplyship with large volume and large deck space. The LNG dual fuel engines ensures low NOx and CO2
South Africa: Fairmount Fuji Makes Cargo Runs for Stena Forth Drillship
Fairmount Marine’s multipurpose support vessel Fairmount Fuji has assisted drillship Stena Forth, owned by Swedish Stena Drilling, when passing by Cape Town, South Africa. Fairmount Fuji was contracted to perform several cargo runs. Stena Forth anchored offshore Cape Town for crew changes and replen
Norway: Eidesvik Holds Naming Ceremony for Its Newbuild ‘Viking Prince’
Eidesvik announced that its newbuilding, Viking Prince, was named in an official ceremony in Aalesund, Norway, on 23 March. Lady sponsor of the vessel is Mrs. Anne Grete Engen, valued employee for the last 27 years who retired in march this year. Viking Prince is the fifth Eidesvik Offshore vessel t
Norway: Johan Sverdrup Appraisal Well Hits 54m Oil Column
Lundin Petroleum AB announces that the Johan Sverdrup appraisal well 16/2-11 located in PL501 has encountered a 54 meter gross oil column in Upper and Middle Jurassic sandstone reservoir in an oil-down-to situation. The reservoir was encountered at depth prognosis. The well is located 2,2 km south-e
Technip Bags Its Largest UK North Sea Contract
Technip’s UK entity has been awarded a contract by BP and partners to develop the subsea infrastructure for the Quad 204 project, located West of Shetland. This is Technip’s largest contract to date in the UK North Sea, worth approximately €600 million (around £500 million). The Quad 204 project, ap
UK: FTSE Group Selects NYK for FTSE4Good Index
NYK was recently selected for the UK-based FTSE Group’s FTSE4Good Index, a major socially responsible investment (SRI) index that has included NYK for many years. The FTSE4Good Index is one of the two leading indexes used by investors concerned about corporate social responsibility criteria. The oth
UK: Technip Bags BP’s Quad 204 Subsea Gig
Technip’s UK entity has been awarded a contract by BP and partners to develop the subsea infrastructure for the Quad 204 project, located West of Shetland. This is Technip’s largest contract to date in the UK North Sea, worth approximately €600 million (around £500 million). The Quad 204 project, ap
Visiongain: MODU Market Spending to Reach USD 48.1bn in 2012
Oil and gas production from offshore resources is of considerable importance for energy companies as existing base resources are being depleted at a rapid rate. New oil discoveries of significance are becoming less common, with the majority of major finds being offshore.
UK: Premier to Hire WilPhoenix Rig from Awilco
A UK based drilling contractor Awilco Drilling PLC has signed a Letter of Award (LOA) with Premier Oil Limited for the provision of WilPhoenix for the drilling of two firm exploration wells estimated at 30 days each with the option to drill up to two additional wells. The contract value for the firm
UMG to Participate in Russia Offshore
Unique Maritime Group, one of the world’s leading integrated turnkey subsea and offshore solution providers, announces its participation in Russia Offshore being held in Moscow from March 26th to March 29th 2012 . Harry Gandhi, CEO of Unique Maritime Group, commented on UMG’s participation in the ev
Two Ships Collide in Dover Strait
Two ships on passage in the Dover Strait collided in poor visibility yesterday morning. The ‘Gas Arctic,’ LPG tanker currently in ballast, registered in Malta was on passage from Tees to Portland, with 14 crew aboard. The ‘Spring Bok’, cargo ship, registered in the Netherlands was on passage from Am
Germany: Flensburger Launches Ferry ‘Seatruck Precision’
Flensburger Schiffbau-Gesellschaft today launched ferry “Seatruck Precision”. The ferry, the last of four newbuildings ordered at FSG for service in the Irish Sea, is for the shipping company Seatruck Ferries Ltd. “As with Hull No. 751 – Seatruck Performance – the name of the latest ship also appear
UK: Vattenfall Conducts Environmental Surveys for Wave Energy Project
Monitoring the environment at sea in a region where waves are usually some five metres high is obviously challenging. That is what Vattenfall plans to do off the coast of the Shetland Islands in Scotland, the site of the company’s first wave-energy farm. The location for the wave energy farm was cho
The Netherlands: MT Eras Joins North Sea Tankers Fleet
North Sea Tankers BV announced, on March 13, that M/T Eras (5,717 dwt) will join NST’s fleet as of mid April. The vessel’s young age, size and characteristics will further strengthen NST’s position and market share in North West Europe and the West Mediterranean, where the company will continue to s