Business & Finance
Italian Shipbuilder Fincantieri Clinches USCG Contract
On the occasion of the Cruise Shipping Miami Conference and Exhibition, the most important event of the year, Fincantieri announced it has been awarded a contract from the U.S. Coast Guard for the construction of 40 boats, scheduled for delivery in the second quarter of 2013. With an approximate val
UK: Cladhan Drilling Begins
The well is being drilled by the Sedco 704 semi-submersible rig and is anticipated to take 35-40 days to complete.
Kazakhstan: BMT ARGOSS Supports Oil & Gas Clients in Caspian Sea
BMT ARGOSS, a subsidiary of BMT Group, the leading international maritime design, environmental and engineering consultancy, has announced its latest expansion with the recent opening of an office in Atyrau, Kazakhstan which will provide a local presence for oil and gas companies operating in the re
Germany: Bard Holding Expects Takeover Within 12 Weeks
The German company Bard Holding GmbH hopes the negotiations on its takeover will end within about 12 weeks, Bloomberg reports. Axel Bahr, the company’s spokesman, has stated that Bard expects “indicative offers” at end-March and completion in 6 to 12 weeks, however it remains unknown which companies
UK: Hurricane Hires EPC Offshore for Lancaster Development Concept
Hurricane Exploration plc (“Hurricane”), an oil exploration company focused on hydrocarbon resources in fractured basement reservoirs, announces that it has appointed EPC Offshore to select the optimum concept for the development of Hurricane’s Lancaster discovery, one of the most significant oil di
Russia: SCF Receives New Product Tanker ‘SCF Prudencia’
On 12 March 2012, SCF Group delivered a new product tanker SCF Prudencia – a further ship for SCF’s joint venture with Glencore International AG, the world’s largest oil trader. With the addition of this latest vessel the joint venture fleet of SCF and Glencore, which was established in November 201
Fugro Buys UK’s EMU
Fugro, a Dutch company which is one of the world’s leading service provider for the collection and interpretation of data relating to the earth’s surface and sub-surface and for associated services and advice in support of infrastructure development on land, along the coast and on the seabed announc
UK: Fugro Acquires EMU Limited
EMU is an independent marine survey and environmental consultancy specialist with annual revenues of over EUR 20 million. Based in Southampton, it also has premises in Portsmouth, Edinburgh, UK, Dinard, France and Perth, Australia. The company conducts ecological, geophysical, sediment sampling and
UK: Subsea 7 Appoints New Non-Executive Director to Board of Directors
Subsea 7 S.A. announces that the Board of Directors has appointed Eystein Eriksrud as a Non-Executive Director to the Board of Directors returning the Board to its complement of nine Directors. Eystein Eriksrud (42) is the Deputy CEO of the Siem Industries Group. Prior to joining Siem Industries in
The Netherlands: Launching of DCI DREDGE XIX Set for April 2
IHC Merwede has announced that the naming and launch ceremony of the trailing suction hopper dredger, DCI DREDGE XIX, is scheduled for Monday, 2 April 2012. The ship is being built for Dredging Corporation of India Ltd. at the IHC Offshore & Marine yard, Schaardijk 24, 2921 LG Krimpen a/d IJssel, Th
UK: The Underwater Centre Reports Success of Its Students
The Underwater Centre, Fort William saw half of a recent ROV class employed by leading providers of subsea services to the oil and gas industry, DOF Subsea, following the company’s attendance at an open day at the Centre. A DOF Subsea representative attended the open day at The Underwater Centre to
Remontowa to Build Two Ferries for Norwegian Company
One of them concerns construction of two modern car – passenger ferries for the shipping company in Norway. The Owner has significant fleet for serving public transport in Norway. Four shuttle car – passenger ferries built in REMONTOWA SHIPBUILDING are part of them. To improve his competitiveness th
Turkmenistan: Dragon Oil Completes Dzheitune (Lam) C Well Testing
The well was completed as a dual producer to a depth of 2,765 metres. It tested for initial production at 1,682 barrels of oil per day at the short string with the long string testing at 1,714 barrels of oil per day.
RXT Receives Contract for OBC Survey Offshore Ireland
The multi-component seismic company Reservoir Exploration Technology ASA (RXT) has received a contract award for an Ocean Bottom Cable survey off the west coast of Ireland. The objective is to improve imaging and data bandwidth at the reservoir target, while also improving multiple elimination. The