Business & Finance
Brazil: Petrobras Contract Spurs Viper Subsea’s International Exposure
Viper Subsea, the Bristol based supplier of subsea systems and products to the global oil and gas industries is making progress in exporting its range of services and products to the global marketplace, with recent success in the increasingly important Brazilian offshore fields. The company’s V-LOCK
Ezion Wins Charter Deal for Service Rig in Denmark. Sells Liftboat
Ezion Holdings Limited has secured a charter contract with a value of up to USD 80.3 million over a 4 year period to provide a second North Sea Class service rig (“Service Rig”) to be used by a European oil major to support its oil & gas activities in offshore Denmark. The Service Rig is […]
Launching of TSHD Pedro Alvares Cabral at Uljanik Shipyard, Croatia
Pedro Alvares Cabral, the first of two trailing suction hopper dredgers that Uljanik Shipyard has been constructing for the Luxemburg-based company Jan De Nul S.A. Capellen G.D., was launched yesterday in Uljanik. The 147,6 m Pedro ‘Alvares Cabral weighs 26.000 tons and is 30 meters wide. The vessel
Norway: Wilhelmsen Technical Solutions Secures IGG Order in LNG Sector
Wilhelmsen Technical Solutions has received a landmark order to supply inert gas generator systems for five LNG carriers under construction in South Korea. Wilhelmsen Technical Solutions’ South Korean office will fulfil the orders for five LNG newbuildings at Hyundai Heavy Industry (HHI) for Greek o
Bourbon Secures Contracts for Vessels in Norway and Angola
Bourbon Offshore Norway AS, a fully integrated offshore supply ship owning company announces that the company has secured contract extensions for two of its offshore vessels. AHTS Bourbon Crown has been extended with charterer Exxon Angola for two months. The current contract will then expire at the
Cathelco Systems for Singapore Built Offshore Rigs and Vessels
Cathelco have won an order to supply seawater pipework anti-fouling equipment for the first purpose built jack-up rig to be constructed for Saudi Aramco. The rig will be built at the Keppel FELS yard in Singapore and is scheduled for delivery in the second half of 2012 when it will be deployed by Sa
Norway: Bourbon Enters Four Charter Contracts
Bourbon announces new charter contracts for its vessels since the begining of the year. Newbuilding Bourbon Front has been awarded a contract with Allseas for pipelay support starting April this year. The contract is expected to last ca 50 days. Bourbon Front is a large Platform Supply Vessel design
UK: Energy Minister Approves Commercial Wave Power Array
Scotland’s first near shore commercial wave power array, which will power more than 1,000 homes, has been approved by Energy Minister Fergus Ewing. Two new Oyster wave energy converters will be added to an existing device at the European Marine Energy Centre (EMEC) at Billia Croo, Orkney, to allow o
UK: Veripos to Provide Positioning Services for Technip Fleet
VERIPOS has recently been awarded a new three-year contract by Technip, a global project management, engineering and construction company serving the energy industry. The contract is for provision of services aboard eight of Technip’s fleet of subsea construction vessels and represents a continuatio
Norway: Kværner Releases 4th Quarter and Preliminary Annual Results
Kvaerner had operating revenues of NOK 3 004 million in the fourth quarter 2011. Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to NOK 249 million, resulting in an EBITDA margin of 8.3 percent. The Board of Directors proposes a dividend of NOK 1.00 per share for 2011.
Norway: NOCC Acquires Two Car Carriers
Norwegian Car Carriers ASA has signed an agreement with an undisclosed party to acquire two state of the art 6,500 CEU car carriers built in 1998 and 1999 with expected closing of the transaction in late March 2012. The total net cash investment for the vessels will be approximately USD 74.0 million
UK: Tritech Reaches Innovative Underwater Technology Milestone
Tritech International reaches a milestone in 2012 as it celebrates its 21st year in business. Tritech began with the idea to develop industry-standard sonars that rivalled the competition in both cost and size. Tritech continues this ethos to innovate, providing high performance subsea technology an
Turkey: Besiktas Shipyard to Build Ethylene Carrier
The 26 million Euro (approx USD 34.2 millon) shipbuilding contract for the construction of a new gas carrier, signed in Turkey by the end of 2011, has been officially authorized. Construction of the 9,000 cbm ethylene carrier will commence in the Asian part of Istanbul at Besiktas Shipyard of Yalova
Norway: Bourbon Announces New Charter Contracts
Bourbon announces new charter contracts for its vessels since the begining of the year. Newbuilding Bourbon Front has been awarded a contract with Allseas for pipelay support starting April this year. The contract is expected to last ca 50 days. Bourbon Front is a large Platform Supply Vessel design