Business & Finance
Finland: Eckero Line to Acquire New Ship for Helsinki-Tallinn Route
Eckero Line will reportedly obtain Moby Freedom, a new ship for Helsinki-Tallinn route, which will replace the old Norlandia as soon as she retires. Constructed in South Korea by DSME in 2001, Moby is currently operating in Italy between Rome and Sardinia. Prior to entering service, Moby will underg
France: Technip Confident about Future. Reports Record Net Income
Looking ahead to 2012, Technip, one of the world’s largest provider of specialized services for the oil and gas industry, said today that the company’s clients show confidence in oil and gas prices and continue investing to meet challenging production targets. Success in their exploration programs,
Scotland Could Cash in GBP 30 Billion from Renewable Energy
First Minister Alex Salmond thinks that independent Scotland could cash in GBP 30 billion from green energy over 20 years. He said that unparalleled energy resources would give Scotland a huge competitive advantage over the rest of Europe, reports The Guardian. The country has 25% of Europe’s tidal
The Netherlands: Amarcon Sees Increase in Demand for OCTOPUS-Office
This year Amarcon noticed an increase in orders for her hydrodynamic analysis software: OCTOPUS-Office. In the last few months major companies within the maritime industry like Shanghai Zhenhua Heavy Industry Co., Ltd. (ZPMC), Mammoet and RWE Innogy placed an order for the software. Newcomer within
UK: South Boats Delivers New WFSV ‘Abersoch Bay’ to Turbine Transfers
South Boats Special Projects Ltd. announces the launch and commissioning of its 52nd offshore wind farm crew transfer vessel, ‘Abersoch Bay’ to Turbine Transfers Ltd. Designed as a technology demonstration vessel to ‘live test’ new solutions for the industry, ‘Abersoch Bay’ incorporates equipment th
Russia: South Stream Fully on Schedule
Gazprom chairman Alexey Miller, held a meeting on the South Stream project implementation. Taking part in the meeting were Leonid Chugunov, Head of the Project Management Department, Pavel Oderov, Head of the International Business Department, and Marcel Kramer, Chief Executive Officer of South Stre
Gazprom: South Stream Fully on Schedule (Russia)
Alexey Miller, Chairman of the Gazprom Management Committee held a meeting on the South Stream project implementation. Taking part in the meeting were Leonid Chugunov, Head of the Project Management Department, Pavel Oderov, Head of the International Business Department, and Marcel Kramer, Chief Exe
Norway: SOFF Receives Best Training Company of the Year Prize
Norway’s Solstad Offshore (SOFF), a ship owner focused 100% towards the offshore petroleum industry, has been awarded the prize for being the best training company of the year.Solstad Offshore has been a member and an important contributor to the Maritime Training Agencies since the office was creat
Bowtech Products Win Global Export Prize at Subsea UK 2012
The Subsea UK Global Export Award 2012, sponsored by Scottish Enterprise, was presented to Bowtech Products Ltd of Aberdeen at the Subsea UK 2012 Business Awards Dinner held on Wednesday 8th February 2012. Held at the Aberdeen Exhibition and Conference Centre, attended by over 750 of their peers, th
Norway: Solstad Offshore Receives ‘Best Training Company of the Year’ Award
Solstad Offshore has been awarded the prize for being the best training company of the year. Solstad Offshore has been a member and an important contributor to the Maritime Training Agencies since the office was created in 1996. The company also distinguishes itself with a social commitment, and sev
Norway: Statoil Orders Aker Solutions’ Subsea Trees for Troll
Statoil has awarded Aker Solutions a contract for delivery of six subsea trees and a tool package for Troll field on the Norwegian continental shelf. Estimated contract value is NOK 350 million (USD 60.2 million). Under the contract, Aker Solutions will suppy six subsea trees, with a possible option
Norway: Aker Solutions to Deliver Subsea Trees for Statoil’s Troll
Aker Solutions has been awarded a contract by Statoil to deliver six subsea trees and a tool package for Troll on the Norwegian continental shelf. Estimated contract value is NOK 350 million. Scope of work includes six subsea trees, with a possible option for nine further subsea trees, including con
UK: Petrofac Announces Acquisition of KW Limited
Petrofac, the international oil & gas service provider, announces that it has acquired the entire share capital of KW Limited (KW). Based in Fetcham, near Woking, with an office in Aberdeen, KW is a high-end subsea pipeline consulting and engineering services business with an established reputation
France: Technip Releases Record Fourth Quarter Results
On February 14, 2012, Technip’s Board of Directors approved the audited full year 2011 consolidated accounts. FULL YEAR 2011 RESULTS • Revenue of €6,813 million, of which €2,972 million in Subsea • Group operating margin1 of 10.4% • Net income of €507 million « Fourth quarter 2011 order intake of €2