Business & Finance
Norway: Det Norske Aims to Submit PDO for Draupne in 2012
2011 was a very good year for Det norske oljeselskap ASA. The company’s resource base tripled, and Det norske succeeded in securing long-term financing. Statoil, as operator, lifted the estimates for the section of Johan Sverdrup located in production license 265 to between 900 and 1,500 million bar
Russia: Sovcomflot Acquires Four New Product Carriers
Sovcomflot (SCF Group) agreed a further joint project with Glencore International AG to own, operate and manage four coated LR1 type product tankers (74,000 tonnes DWT). The vessels “SCF Plymouth”, “SCF Pacifica” and “SCF Pearl” built in 2011 at Hyundai Mipo Dockyard Co (South Korea) will immediatel
UK: MPI Offshore Receives Offshore Renewables Industry Award
MPI Offshore have been announced as the inaugural winner of the Offshore Renewables award at the recent Annual Offshore Support Journal awards held in London. The company was given the award for its new generation of wind turbine installation vessels. Peter Robinson, Managing Director said: “We are
Norway: Det Norske Aims to Submit Draupne PDO in 2012
2011 was a very good year for Det norske oljeselskap ASA. The company’s resource base tripled, and Det norske succeeded in securing long-term financing. Statoil, as operator, lifted the estimates for the section of Johan Sverdrup located in production license 265 to between 900 and 1,500 million bar
BP Hires Floatel Victory for Clair Ridge Development (UK)
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
The Netherlands: N-Seatec Receives Order for Complete HD Camera System
N-Seatec has been awarded an order for delivery of a complete HD Camera system. The Bowtech Surveyor HD Camera will be mounted on a Workclass ROV for inspection purposes and will have HDSDI output and delivered complete with cabling and interfacing. N-Seatec is the exclusive representative and distr
FES International Announces Deal with Saipem Drilling for Nord Stream Pipeline
FES International, a global provider of fluid transfer systems, has announced the completion of the first phase of a major new project with Saipem Drilling, in which it supplied a range of products, enabling fluid flushing and pressure testing to support the delivery of the Nord Stream consumer gas
Belgian Navy Adds Two REMUS 100 AUVs to its Fleet
The Belgian Navy has added to its fleet of Autonomous Underwater Vehicles (AUVs) from Hydroid, Inc., a subsidiary of Kongsberg Maritime and the leading manufacturer of AUVs. Two new REMUS 100 AUVs will enable the Belgian Navy to detect underwater mines, improvised explosive devices and other undeton
Norway: Aker Solutions Reports 18 Pct Increase in Revenues
Aker Solutions reported an 18 percent increase in revenues and a solid operating result in the fourth quarter of 2011, reflecting strong market conditions and high activity in the oil and gas industry. Revenues in the fourth quarter of 2011 amounted to NOK 11 600 million, compared with NOK 9 794 mil
UK: BAE Systems Starts Construction of Second Queen Elizabeth Class Aircraft Carrier
Production on HMS PRINCE OF WALES, the second Queen Elizabeth Class aircraft carrier, has started today at BAE Systems in Portsmouth Naval Base – the future home of the Queen Elizabeth Class. Work on the forward section of the hull, known as Lower Block 02, commenced as Commander-in -Chief Fleet Adm
Norway: Aker Solutions 4Q Revenues Up 18 pct
Aker Solutions reported an 18 percent increase in revenues and a solid operating result in the fourth quarter of 2011, reflecting strong market conditions and high activity in the oil and gas industry. Revenues in the fourth quarter of 2011 amounted to NOK 11 600 million, compared with NOK 9 794 mil
Romania: OceanServer Delivers Two Iver2 AUVs to SC Marine Research SRL
OceanServer Technology, Inc. has recently delivered two AUVs to SC Marine Research SRL located in Bucharest, Romania. Marine Research is a new and dynamic company devoted to the research of aquatic environments in and around Romania. The two IVER2 systems will initially be used to map the sea bottom
Greece: Globus Maritime Announces Redelivery of Vessel
Globus Maritime Limited, a dry bulk shipping company, announced redelivery of vessel by Charterers outside the dedelivery range and without replenishment of bunkers. Specifically, Allied Maritime Inc., the Charterer of the m/v Star Globe, a 2010-built 56,867 dwt Supramax bulkcarrier, informed Compan
Wind Energy Giants to Receive GBP 250 Million (UK)
Two wind energy giants receive up to GBP 250 million a year in subsidies, reports North West Evening Mail A Swedish company, Vattenfall, which owns six windfarms in Britain, including the Ormonde windfarm off Walney, will receive GBP 139 million. Dong Energy, a wind power company from Denmark, with