Business & Finance
Israel and Cyprus Commence Submarine Cable Feasibility Study
Israel and Cyprus started a feasibility study for the construction of a submarine cable between the two nations, Reuters reported. The Israel-Cyprus branch would eventually be part of a much longer cable continuing to Greece and from there to the pan-European electricity power grid. If authorized, t
UK: Port of Felixstowe Welcomes New Transatlantic Service
The Port of Felixstowe is celebrating the start of a new Transatlantic service which called at Britain’s largest container port on Saturday 3rd March 2012. The service which is operated by The New World Alliance Lines will serve N. Europe, the UK and a selection of US East Coast ports and Panama. Th
UK: Aquamarine Power Unveils Proposals for Lewis Wave Energy Project
Wave energy developer Aquamarine Power will unveil proposals for its first wave energy development on Lewis at a series of public exhibitions commencing next week. The exhibitions will take place at the Galson Estate Trust Business Centre on Friday 9 March and Saturday 10 March and at Martin’s Memor
UK: CTruk Boats to Build Two Vessels for Offshore Turbine Services
CTruk Boats has signed a deal to build two 20-tonne payload MPCs for a new company, Offshore Turbine Services. Both vessels will be delivered in the spring of 2012. Offshore Turbine Services will be taking advantage of CTruk Boats’ flexible pod system (patent applied), which was designed specificall
Capesize Vessel ‘Star Polaris’ Sustains Damage in Turkish Port
Star Bulk Carriers Corp. yesterday announced that one of its vessels, the STAR POLARIS, sustained bottom damage when entering the port of Eregli, Turkey. Following a survey of the damages, the vessel proceeded for permanent repairs to Daewoo Mangalia shipyard in Romania. The repairs are expected to
Rolldock Orders Two Heavy-lift Ships from FSG, Germany
Flensburger Schiffbau-Gesellschaft (FSG) has won an order from the Rolldock concern in the Netherlands for two identical newbuildings for the flexible and challenging transport of high value project loads. The ship design permits load handling using three different methods – a precondition for top-l
UK: OSIL Secures Order for Vibrocorer System for Seabed Studies
OSIL have recently completed an order for a specialist 9m High Power Vibrocorer system for seabed studies, and two turbidity monitoring buoys for a highly technical and high profile company, based in the Middle East. The sealed Vibrocorer head housing for the motors is designed to operate in water d
France: NAVALU Announces New Model of Wind Farm Service Cats
French Builder NAVALU, located on the French Atlantic Coast, in the Vendée region, announces that it has added a new model, designated the NxS 18, to it’s NxS range of multiservice catamarans of now 15 metres, 18 metres, and 24 metres. Navalu has already received what is believed to be the first ord
UK: Fendercare Marine’s Diving Services Receive BV Certificate of Approval
Fendercare Marine’s diving services announce that they have recently been awarded Bureau Veritas approval to carry out in-water surveys. “Receiving this approval confirms our commitment to safe and sustainable procedures” comment Bob Macmillan Fendercare’s Diving Services Director. “it is a vote of
UK: Offshore Wind Coordination to Reduce Cost of Offshore Links up to 3.5 bln
Energy regulator Ofgem and the Department of Energy and Climate Change (DECC) have published a report showing how more coordination in the development of offshore links and infrastructure can be achieved. In tandem, Ofgem has launched a consultation on potential changes to the regulatory regime for
Norway: Lundin Buys Brynhild Stake from Talisman
Lundin Petroleum AB has entered into an agreement with Talisman Energy Norge AS to acquire an additional 30 percent interest in PL148 containing the Brynhild field (previously knowns as Nemo), offshore Norway. Following the acquisition, Lundin Petroleum will hold a 100 percent interest in PL148. In
Germany: NKT EBITDA Up 5 pct
NKT’s revenue increased by 1,153 mDKK to 15,604 mDKK – the highest level in the history of NKT. Nilfisk-Advance and Photonics Group realised organic growth in revenue of 8% and 16% respectively, surpassing even the 2010 growth rates, while NKT Cables exceeded last year’s organic growth in revenue by
Norway: EMAS AMC Bags SURF Contract from Statoil
Ezra Holdings Limited, a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, announces that its subsea construction division, EMAS AMC, has been awarded a SURF (Subsea, Umbilical, Risers and Flowlines) contract for marine installation a
Norway: EMAS AMC Wins Fram SURF Deal from Statoil
EMAS AMC, has been awarded a SURF (Subsea, Umbilical, Risers and Flowlines) contract for marine installation and pipe lay from Statoil valued at approximately US$55 million. The subsea development, Fram H-Nord, is situated in the Troll C/Fram area in the northern part of the North Sea. “We are very