Business & Finance
Denmark: TORM Cancels Remaining Newbuilding Contract
TORM has entered into an agreement to cancel one MR product tanker newbuilding, which was scheduled for delivery in the second quarter of 2014. The parties have agreed not to disclose the terms. “With this agreement, TORM’s order book is empty. A substantial reduction in CAPEX commitments has been a
France: DCNS Plans to Develop Tidal Facility in Port of Cherbourg
Laurent Beauvais, President of the Basse-Normandie Region and Chairman of the Ports of Normandy Authority, and Patrick Boissier, Chairman and CEO of DCNS, signed a memorandum of understanding at DCNS headquarters in Paris, in the presence of Jean-François Le Grand, President of the Manche Department
UK: Offshore Achievements Awards Winners
Top individuals and companies in the offshore industry were celebrated last night at the 2012 Offshore Achievement Awards, with AMEC winning the Best Large Company Award and Professor Alex Kemp being awarded the Lifetime Achievement accolade. An audience of more than 370 guests attended the 26th OAA
UK: ScottishPower Renewables Selects Intertek METOC to Support Its Wave and Tidal Projects
Intertek METOC, a specialist marine consultancy, has been selected by ScottishPower Renewables, an Iberdrola company, to provide modelling, survey support and marine expertise for offshore wave and tidal resource assessment. The recent ROC (Renewable Obligation Credits) banding review has already st
Norway Brakes its January Gas Sales Record
The Norwegian Petroleum Directorate has announced that in January 2012, 11.2 billion standard cubic metres of gas was sold from the Norwegian shelf. The figure is the highest of all time. “One important factor for the record-high sales is that it is winter and there is a great demand for gas in the
Cyprus: SeaBird Exploration Names New CFO
The Cyprus-based seismic specialist, SeaBird Exploration PLC, has appointed Nils Haugestad as Chief Financial Officer of the company effective April 1 2012. Mr. Haugestad has over 20 years experience in investment banking, principal investments and corporate strategy. He is joining the company from
Cyprus: SeaBird Appoints New Chief Financial Officer
SeaBird Exploration PLC announces that Nils Haugestad has been appointed Chief Financial Officer of the company and will assume his responsibilities with SeaBird as of 1 April 2012. Mr. Haugestad has over 20 years experience in investment banking, principal investments and corporate strategy. He is
Croatia: 3. Maj Shipyard Launches New Tanker Built for Wisby Tankers
At a ceremony held on March 13, a newbuild 716 was launched from the Slipway No. 2. This is the first of a series of four tankers the shipbuilder 3. Maj has constructed for the Swedish company WISBY TANKERS. The tanker, designed to carry concrete, oil and chemicals, is 133 meters long and 23 meters
Solvtrans Orders New Wellboat from Astilleros Zamakona Shipyard, Spain
Solvtrans has entered into a contract with the Spanish shipyard Astilleros Zamakona S.A. for the construction of a new wellboat with delivery in June 2013. The investment of approx NOK 240 million(approx USD 41.5 Mln) will be funded through a combination of Solvtrans’ own cash pool and loans from So
UK: Applied Acoustics Sells 150th USBL Tracking System at Oceanology 2012
At the Oceanology International event in London this week, Applied Acoustics celebrated the sale of their 150th USBL tracking system to Seascape BV from The Netherlands. Sales Manager Gavin Willoughby handed over the award to Gert-Jan de Rooij the Sales Engineer from Seascape at a small ceremony on
AF Group Inks Quays Upgrade Contract with Yara Norway AS
AF Group has entered into an agreement with Yara Glomfjord to upgrade quays and dredge in front of quays. The contract includes rehabilitation and renovation of the quay structures. This project will commence in March 2012 and is scheduled for completion in May 2013. The contract has an estimated va
The Netherlands: Aqua Vision to Host 9th ADCP Workshop
Aqua Vision BV has announced that it will host the 9th ADCP Workshop on 20-21 June, 2012. Past workshops have proven to be a huge success and this years’ will be no different. With a host of international speakers, demonstrations of the latest ADCP technology and an array of interactive workshops, i
Emerald Networks and TE SubCom Sign System Supply Contract for Trans-Atlantic Cable System
Emerald Atlantis Limited (Emerald Networks) announced the selection of TE SubCom and the signing of a system supply contract. The execution of the contract, bringing it into force, enables the construction of the Emerald Express Trans-Atlantic Cable System. The first phase will provide both low-late
Russia: Gazprom, Shell Execs Discuss Sakhalin II
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Peter Voser, Chief Executive Officer of Royal Dutch Shell. The parties discussed the joint efforts within the Protocol on Strategic Global Cooperation. Special attention