Business & Finance
Norway: OSBIT Power Begins Trials for Its MaXccess System
UK-based, OSBIT Power (OP) announced today it has begun offshore trials of its innovative offshore wind access system, MaXccess. OP has agreed with Siemens Wind Power and Statoil to conduct trials at Statoil’s Hywind demo floating wind turbine in Norway. The MaXccess system has been developed by OP,
Norway: Coordinated Development Solution for Draupne and Luno
Together with the partners in the Draupne field, Det norske oljeselskap ASA has reached agreement today with the partners in the Luno field on a coordinated development solution for the area. Draupne will be developed using a fixed platform with pre-processing. The well stream will be transported fr
Norway: Fixed Platform for Draupne
Together with the partners in the Draupne field, Det norske oljeselskap ASA has reached agreement today with the partners in the Luno field on a coordinated development solution for the area. Draupne will be developed using a fixed platform with pre-processing. The well stream will be transported fr
AGR Employee Becomes Finalist in Prestigious Subsea UK Awards
Aberdeen-based Project Engineer Sadie Jo Koller, part of Seabed Intervention team, was unveiled by Subsea UK as a finalist in their prestigious Business Awards under the Emerging New Talent category. The awards were handed out during the annual Subsea 2012 conference, held early February in Aberdeen
UK: The Stewart Group Launches Subsea and Renewables Business
International shipbroker, The Stewart Group, has added new depth with the appointment of Michael Braid to launch its specialist subsea and renewables business. As part of the RS Platou ASA Group, The Stewart Group utilises a respected network of 390 professionals with a track record of global commer
UK: Stewart Group Announces New Appointment
International shipbroker, The Stewart Group, has added new depth with the appointment of Michael Braid to launch its specialist subsea and renewables business. As part of the RS Platou ASA Group, The Stewart Group utilises a respected network of 390 professionals with a track record of global commer
Norway: Kjetil Aasoldsen Becomes Member of NPD’s Management Team
Kjetil Aasoldsen (36) has become a member of the Norwegian Petroleum Directorate’s management team as director of North Sea South. «I look forward to getting started. The southern section of the North Sea is a very exciting area of the shelf, with a mix of mature fields with vast remaining volumes a
Lithuania: Klaipeda Port Announces Investment Plan for 2012
Port of Klaipeda, the northernmost ice–free port on the Eastern coast of the Baltic Sea, has announced the 2012 investment plan. Top 10 of the largest planned investments in 2012: 1. Dredging and Widening of Port Navigation Channel 2. Construction of Passenger and Cargo Terminal Infrastructure 3. Re
Ireland: Transas Reveals Its Fuel Efficiency Monitoring System
Leading ECDIS manufacturer Transas Marine launches its fuel efficiency monitoring system Transas Wave. Designed for commercial shipping, Transas Wave is an ideal solution for saving fuel and reducing environmental impact. Transas Wave is designed to give an officer and easy tool for monitoring and r
UK: Forewind Inks Additional Grid Connection Agreements with National Grid
Forewind has signed connection agreements with National Grid for three further 1GW grid connections, adding to the 3GW signed since the zone was awarded in early-2010. These latest agreements for connections located in Teesside and Yorkshire mean Forewind can proceed with the development of a total
STX Finland Launches Multipurpose Deck Cargo Vessel Aura II
On March 1, 2012, STX Finland Oy Turku shipyard carried out the launch of the multipurpose deck cargo vessel built for Gaiamare Ltd. The vessel will be approx. 105.4 metres long and approx. 18.8 metres wide. The vessel is scheduled to be delivered in late spring 2012. The launching was carried out n
Norway: Farstad Sells Two Oldest AHTS Vessels in its Fleet
Farstad Shipping ASA has, through its wholly owned subsidiary P/R International Offshore Services ANS, reached an agreement to sell the two oldest AHTS in its fleet, the AHTS Lady Audrey (1983, ME 303, 12.240 BHP) and the AHTS Lady Valisia 1983, ME 303, 12.240 BHP). Delivery of the vessels to the ne
Norway: Farstad Sells Two AHTS Vessels
Farstad Shipping ASA, a Norwegian owner of large offshore support vessels has reached an agreement to sell the two oldest AHTS in our fleet, the AHTS Lady Audrey (1983, ME 303, 12.240 BHP) and the AHTS Lady Valisia (1983, ME 303, 12.240 BHP). Delivery of the vessels to the new owner is expected to t
Lithuania: Hoegh LNG Enters Charter Agreement with Klaipedos Nafta for FSRU
Höegh LNG has today entered into a ten year time charter for a floating LNG storage and regasification unit to be used as an LNG import terminal in Lithuania. The agreement is subject to the approval of the shareholders of AB Klaipedos Nafta. The Lithuanian state owns 70.63% of Klaipedos Nafta’s sha