Business & Finance
UK: Harris Pye Completes Upgrade Works on Drillship Ocean Clipper
In just 90 days, the Harris Pye Group successfully completed the survey and upgrade of Diamond Offshore Drilling Inc’s (DODI) dynamically positioned drillship, the Ocean Clipper. All work was completed well within schedule. P Thomas Geiger, P.E., Director, Projects Department of DODI has written to
Norway: Statoil Awards Technip with Subsea Job under Diving Frame Contract
Technip was awarded two subsea contracts under the Diving Frame Contract with Statoil, for the Åsgard and Gudrun & Valemon projects. The total value of the contracts is around €45 million. The Åsgard contract includes deep water testing of the PRS remote hot-tap equipment, preparations works, instal
Royal Netherlands Navy Reports Success with VideoRay Pro 4 ROVs
Royal Netherlands Navy Locate Two Drowning Victims with VideoRay ROVs within Two Months of the Systems Being Delivered On January 10, 2012 VideoRay LLC of Phoenixville, PA, along with Dutch partner Nautikaris BV of Ijmuiden, Netherlands, completed the site acceptance test of four VideoRay Pro 4 subm
Denmark: A.P. Moller – Maersk Group Releases 2011 Annual Report
A.P. Moller – Maersk Group, a worldwide conglomerate, releases 2011 annual report with revenue increased by 7% to USD 60.2bn (USD 56.1bn), positively affected by higher oil prices and container volumes but offset by lower container freight rates. Profit was USD 3.4bn (USD 5.0bn) and thus in accordan
UK: Rowan 4Q Revenues Rise 32pct
Rowan Companies, Inc., a major provider of international and domestic offshore contract drilling services with a leading position in high-specification jack-up rigs, announces that in the 4th quarter 2011 the company generated net income from continuing operations of $33.1 million or to $35.1 millio
Italy: SMIT Salvage Recommences Oil Removal Alongside Costa Concordia
The oil removal activities recommenced on 24 February with the crane barge ‘Meloria’ and bunker barge ‘Magic Duba’ repositioned alongside the Costa Concordia just behind the stabilizer (large fin which is sticking out from the ship). Oil has been removed from three different double bottom tanks and
Iceland Underwater Robots to Join Russian Navy Fleet
Russian Navy will receive stand-alone unmanned submersibles made in Iceland. Russian defense ministry plans to spend RUR 744.244 mln on eight autonomous unmanned submersibles produced by Teledyne Gavia (Iceland), reports Nezavisimaya Gazeta newspsper. Three underwater robots are expected to join Rus
Polarcus Receives LoI for 3D Seismic Project Offshore NW Europe
Polarcus Limited announces that the Company has received a Letter of Intent from an undisclosed client for a 3D seismic acquisition project offshore NW Europe. The program will commence imminently and is expected to run for approximately 75 days. About Polarcus Polarcus is a pure play marine geophys
UK: Berth Extension Work Starts at Portsmouth International Port
A major construction project starts this week at Portsmouth International Port to lengthen one of the berths used by ferries and cruise ships. Berth 2 will be extended by nearly 50 metres. This will improve flexibility at the Port, allowing for a greater number of larger ships to be docked at any on
Norway: Aibel Bags USD 1 bln Draugen Deal from Shell
A/S Norske Shell has awarded Aibel AS a contract for modifications to the Draugen platform. The contract value is estimated at around NOK 6 billion (USD 1.07 billion). The contract will run for six years and has options for an additional two plus two years. “This is fantastic. Norske Shell is a new
Finland: Mobimar Launches New Windfarm Service Vessel
Transfer/windfarm service vessel Mobimar 18 Wind was launched yesterday, on the 27th of February. The quay trials started immediately and the main propulsion system with the side propulsions will be commissioned later this week. The hydraulics will be pressurised after the engines and the auxiliary
Nord Stream Wins Inaugural ‘Pipeline Project of the Year’ Prize
Nord Stream AG won the inaugural “Pipeline Project of the Year” award at the 2012 European Gas Conference. The award, which was presented by The Energy Exchange in conjunction with Natural Gas Europe, recognises Nord Stream’s achievement in starting to make its contribution to energy security in the
Nord Stream: Pipeline Project of the Year
Nord Stream AG won the inaugural “Pipeline Project of the Year” award at the 2012 European Gas Conference. The award, which was presented by The Energy Exchange in conjunction with Natural Gas Europe, recognises Nord Stream’s achievement in starting to make its contribution to energy security in the
Denmark: Technip and DSME Secure Contract for HEJRE Project
Technip, in partnership with DSME, was awarded by DONG E&P and BAYERNGAS, a contract for the HEJRE project development, offshore Denmark, at a water depth of 70 meters. This contract covers engineering, procurement, fabrication, hook-up, and commissioning assistance for a fixed wellhead and process