Business & Finance
UK: Pelydryn Expands its Team in Plymouth
Pelydryn welcomes a new addition to the team in Plymouth. Fresh from the University of Plymouth, Amy Davies has come on board to join the data processing team. Amy’s degree course was in Marine Geoscience, smoothly linking the disciplines of geology and hydrography in a combined syllabus. The theore
Norway: Solstad Offshore Announces Charter Contracts for its Construction Vessels
Solstad Offshore announces contracts for several of its construction vessels. The company has signed charter agreements for the following vessels: – «Normand Tonjer» with Fugro Subsea Services Ltd for 200 days firm. Commencement of contract scheduled to March 2012. – «Normand Mermaid» with Fugro Geo
UK: BMT Nigel Gee Designs Another Advanced Vessel for Turbine Transfers
BMT Nigel Gee Ltd, a subsidiary of BMT Group Ltd, has announced further collaboration with Turbine Transfers, one of the leading providers of Windfarm Support Vessels (WSVs), on its latest unique development – the design of a 19m WSV utilising the Voith Linear Jet. The Voith Linear Jet (VLJ) is an i
Norway: Solstad Announces Charter Contracts for Its Construction Vessels
Solstad Offshore could today announce contracts for several of its construction vessels. The company has signed charter agreements for the following vessels: “Normand Tonjer” with Fugro Subsea Services Ltd for 200 days firm. Commencement of contract scheduled to March 2012. “Normand Mermaid” with Fu
Russia: Gazprom, Total Executives Discuss Shtokman Development
Saint Petersburg hosted Friday 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 participants tackled the main issues of Phase 1 implementation at the Shtokman field and, inter al
Wood Group Bags USD 396 Million UK North Sea Gig
Wood Group PSN has secured a major North Sea contract by Premier Oil to deliver integrated operations and maintenance support services to the Balmoral floating production vessel (FPV). The contract, estimated to be worth in the order of £250 million (USD 396.5 million) , will see Wood Group PSN prov
Providence Provides Update of its Operations Offshore Ireland
Providence Resources P.l.c., the London (AIM) and Dublin (ESM) quoted oil and gas exploration and production company, provides an operational update on its ongoing well operations in the North Celtic Sea Basin, offshore southern Ireland. The 48/24-10z Barryroe appraisal well is located in c. 100 met
UK: OPT Appoints New Managing Director
Ocean Power Technologies, Inc., a leading wave energy technology company, today announced the appointment of Timothy Stiven as Managing Director of Ocean Power Technologies Limited, the Company’s UK-based wholly-owned subsidiary, effective March 1, 2012. He succeeds Angus Norman, who is stepping dow
Turkmenistan: Dragon Oil’s Well Flows at 1,975 bopd
Dragon Oil plc, a Dubai-based international oil and gas exploration, development and production company, announces the successful completion and initial testing of the Dzheitune (Lam) 28/166 development well, off the coast of Turmenistan. The well, located in the Caspian sea was completed with a sin
Greece: Star Bulk Enters Agreement to Sell Capesize Vessel
Star Bulk Carriers Corp., on Friday, announced that the Company has entered into an agreement to sell the Star Ypsilon, a 150,940 dwt Capesize vessel, built 1991, to a third party for a contracted sale price of $9.12 million. The Company plans to deliver the vessel to the buyers within March 2012. F
Greece: Diana Shipping Announces Time Charter and Loan Facility
Diana Shipping Inc., on Friday announced that it has entered into a time charter contract with EDF Trading Ltd., London, for one of its Panamax dry bulk carriers, the m/v “Coronis”, at a gross charter rate of US$10,600 per day, minus a 5% commission paid to third parties, for a period of about twent
Thailand’s PTTEP Lifts Cove Bar to USD 1.77 bln
Thailand’s PTTEP has entered into the race with Shell over Cove Energy’s shares. PTTEP’s President and CEO Anon Sirisaengtaksin revealed that the company would be willing to pay 220 pence for each Cove’s issued or to be issued share. The proposed offer values Cove at approximately USD 1.77 billion w
Russia: Vyborg Shipyard to Build Two Diesel-powered Icebreakers
Vyborg Shipyard and United Shipbuilding Corporation yesterday signed contract for the construction of two diesel-powered icebreakers. The contract, worth about RUB 8 billion (approx. $ 272.6 million), was signed by the President of JSC “USC” Roman Trotsenko and General Director of OJSC “Vyborg Shipy
UK: PD Ports Takes Next Step in Its Expansion Programme
PD Ports has taken the next step in its programme to almost double its container handling capacity at Teesport, with the completion of the ground works in January. The works, which began in January 2011, involved the complete reconstruction of more than five hectares of the container terminal area w