Business & Finance
Norway: Aker Solutions to Upgrade Snorre A’s Drilling Equipment
Aker Solutions has been awarded a contract by Statoil to deliver replacement and upgrading of the drilling equipment and systems on the Snorre A platform in the North Sea. Estimated contract value is NOK 1 billion (USD 179 million). The main object of the project is to extend the technical lifetime
The Netherlands: APM Terminals Announces Record Results for 2011
APM Terminals, the Hague-based global port operator, yesterday reported record breaking annual results for 2011. A revenue growth of 10% year- on-year and an EBITDA of USD 1,059 mio. makes APM Terminals’ result for 2011 “the strongest ever”, according to CEO Kim Fejfer. Net operating profit after ta
UK: ROV Black Falcon Dives Under Arctic Ice
Tiny algae that colonise the underside of the Antarctic sea ice play a big part in the health of Southern Ocean ecosystems. These microalgae absorb large amounts of carbon dioxide by converting it into sugars and oxygen, using the energy of sunlight. They also kick-start the Southern Ocean food chai
Norway: NPD to Award IOR Prize at ONS 2012
The Norwegian Petroleum Directorate’s 2011 prize for improved recovery will be awarded on the opening day of ONS in August. Director General Bente Nyland has taken the initiative to move the award ceremony to ONS. “The Norwegian Petroleum Directorate and the ONS management have discussed the possibi
Denmark: Technip, DSME Win Hejre Project Development Contract
French based Technip, in partnership with South Korea’s Daewoo Shipbuilding & Marine Engineering Co, 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-
Mosvold Supply Cancels Another AHTS Order (Singapore)
Mosvold Supply Plc, in 2007 contracted Otto Offshore Ltd, a subsidiary of Singapore’s Otto Marine Ltd, to build a series of four AHTS (VS 491 CD) vessels. Mosvold Supply Plc shortly after transferred the contracts one each to four single purpose wholly owned subsidiaries. Mosvold Supply IV Limited (
UAE’s Polarcus Receives LOI for 3D Seismic Offshore NW Europe
Polarcus Limited, an UAE based seismic survey specialist, 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. Polarcus is a pure play marine geophysi
The Netherlands: Dredge Yard Launches Innovative Dredge Component
Dredge Yard, a specialized company in dredging technology and dredging equipment based in the Netherlands and United Arab Emirates has announced the launch of the dredge suction mouth. The dredge suction mouth is a dredge component positioned behind the cutter head of a Cutter Suction Dredger during
The Netherlands: Dredge Yard Launches Dredge Suction Mouth
Dredge Yard, a specialized company in dredging technology and dredging equipment based in the Netherlands and United Arab Emirates has announced the launch of the dredge suction mouth. The dredge suction mouth is a dredge component positioned behind the cutter head of a Cutter Suction Dredger during
Cargotec Names New Senior Vice President of Terminal Project Business (Finland)
Cargotec has appointed Mr Frank Kho as Senior Vice President, Terminal Projects and Offerings. Mr Kho brings with him over 20 years of industry experience in several senior management positions at world’s leading port operators, such as the Antwerp terminals of PSA and several terminals of HPH. He h
UK: Expro Appoints Sir George Buckley as Chairman
International oilfield services company Expro yesterday announced the appointment of Sir George Buckley as its new Chairman. Sir George has been the US-based Chairman, President and Chief Executive Officer of global blue-chip manufacturer, 3M, since December 2005. 3M is a Fortune 100 technology comp
Germany: Voith Secures First Voith Linear Jet Order
Voith has received the first Voith Linear Jet order with Turbine Transfers UK for a 19 meter BMT Nigel Gee designed Wind Support Vessel. The Voith Linear Jet will provide for this application a substantial higher bollard pull without a requirement for increased installed power. This higher bollard p
Four Companies Join Forces in New Stone-transport Line from India to Antwerp
A new service has been launched by four companies, Stonetrans, Rickmers-Linie, Antwerp Breakbulk Agencies and DP World Breakbulk, to ship rough blocks of granite and sandstone from India to Antwerp. The four partners, who are all highly qualified in their own fields of activity, will perform specifi
Russia: Heads of Gazprom and Total Discuss Shtokman Phase 1 Implementation
Saint Petersburg hosted a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Christophe de Margerie, Chairman of the Board of Directors and CEO of Total. The meeting discussed the main issues of Phase 1 implementation at the Shtokman field and, inter alia, the sc