Business & Finance
OBC Contract for RXT (Norway)
The multi-component seismic company Reservoir Exploration Technology ASA (RXT) has received a contract award from an international oil company for an Ocean Bottom Cable survey offshore Norway. The total survey duration is expected to be 116 days and the estimated contract value is $24.5m. The survey
China: DNV Navigator for Wallem’s Fleet
Wallem Ship Management in Hong Kong has ordered DNV Navigator for its managed fleet of more than 190 ships. The contract also includes the Work and Rest Hours module allowing for compliance with international legislation on rest hours for seafarers. DNV Navigator is a dedicated decisions support too
RXT Wins Ocean Bottom Cable Survey Contract Offshore Norway
The multi-component seismic company Reservoir Exploration Technology ASA (RXT) has received a contract award from an international oil company for an Ocean Bottom Cable survey offshore Norway. The total survey duration is expected to be 116 days and the estimated contract value is $24.5m. The survey
Norway Approves Jette Development
Det norske oljeselskap ASA has received the go-ahead to develop Jette. Today, the Norwegian authorities approved the Plan for Development and Operation (PDO) of the field, which is operated by Det norske. Jette is the company’s first field development as operator. CEO Erik Haugane states that this r
Sweden: Pallas Group Extends Charter Contract for MV Pallas Ocean
Pallas Group has through its subsidiary, Ocean Rederi AB, extended the timecharter contract with Erik Thun AB for the vessel M/V Pallas Ocean for another 12 months. The 12 month period began on l February. “We are now entering the 5th year as owner of M/V Pallas Ocean and in a bad market because of
Maersk Line Cuts Capacity on Asia – Europe Trade
Oversupply of container vessels operating on the Asia – Europe trade lane has pushed Maersk Line’s container freight rates to unsustainably low levels. In order to rationalise its service, Maersk Line is removing 9% of its vessel capacity currently operating on the Asia – Europe trade. “With this ad
UK: Angus Council Invites Tenders for Bathymetric Survey in Montrose Bay
Angus Council requires tenders for a bathymetric survey to be undertaken in Montrose Bay, United Kingdom. The survey is part of phase 3 of the Montrose Beach Environmental Development Plan, which has been undertaken to assess the impact of coastal processes and erosion in Montrose Bay. At present, m
Norway: Det Norske Gets Go-Ahead for Jette Development
Det norske oljeselskap ASA has received the go-ahead to develop Jette. Today, the Norwegian authorities approved the Plan for Development and Operation (PDO) of the field, which is operated by Det norske. Jette is the company’s first field development as operator. CEO Erik Haugane states that this r
Russia: LUKOIL Lays Corner Stone for Caspian Offshore Facility
President of Russia’s LUKOIL, Vagit Alekperov, and the Governor of the Astrakhan Oblast Alexandr Zhilkin have recently attended a ceremony in Astrakhan to lay a corner stone for offshore oil and gas facilities at V. Filanovsky field. Memorial tablets were fixed upon the base sections of a riser bloc
Norway: Statnett Announces Solid Annual Results 2011
The Statnett Group reports profit after tax for 2011 of NOK 1 000 million, the corresponding figure for 2010 was NOK 2 198 million. In the fourth quarter of 2011 profit after tax was NOK 226 million, compared to NOK 567 million in the fourth quarter of 2010. In the fourth quarter of 2011 total [&hel
Sovcomflot Acquires Russia’s Leading Seismic Company SMNG
Russia’s biggest shipping company Sovcomflot announces the acquisition of the region’s leading seismic organization Sevmorneftegeofizika (SMNG), in order to set up a seismic survey business of international specifications. According to Kommersant, Sovcomflot will get 100 percent of the shares in SMN
UK: Floatel Secures BP Clair Ridge Accommodation Support Contract
Floatel International has signed a Contract with BP Exploration Operating Company Limited for provision of its accommodation and construction support vessel Floatel Victory for the Clair Ridge Development project. The Clair Ridge field is located on the UK Continental Shelf, approximately 66 km west
Australia: LogiCamms Gets Gorgon Job from Chevron
LogiCamms has been awarded a contract with Chevron Australia to provide maintenance engineering services on the Chevron-operated Gorgon Project. The four year contract has an estimated value of approximately $8m and commences immediately. Steve Banning, LogiCamms’ Managing Director, said the contrac
Russia: Severnaya Verf Shipyard Obtains License to Build Nuclear-Powered Warships
JSC Severnaya Verf shipyard has obtained license to perform works associated with nuclear reactors, the yard’s director general Andrei B. Fomichev told Central Navy Portal. According to Fomichev, “now Severnaya Verf is authorized to work with nuclear powerplants. Federal Service for Environmental, T