Business & Finance
Ireland: Providence Provides Update on its Drilling Programme in North Celtic Sea Basin
Providence Resources P.l.c., the London (AIM) and Dublin (ESM) quoted oil and gas exploration and production company, provides a further market update on its ongoing drilling programme in the North Celtic Sea Basin, offshore southern Ireland. The 48/24-10z Barryroe appraisal well is located in c. 10
Indian Navy’s New Talwar Class Frigate Finishes Sea Trials
Russia’s Yantar shipyard, last week , successfully finished trials for Indian Navy new Talwar class frigate. Previously, Russia completed frigates INS Talwar, INS Trishul, and INS Tabar. The $1.6-bln contract for second 3-ship batch for Indian Navy was signed on July 14, 2007 in Delhi. Remaining two
The Netherlands: Stork Technical Services Charters MPSV Adams Vision
The 4500 dwt DPII MPSV Adams Vision has been chartererd for a period of 15 months by Stork Technical Services who recently rebranded from RBG Limited. The vessel, currently on bareboat charter to Bahrain based Adams Offshore Limited, had until recently been working in the US Gulf and was mobilized f
Ireland: Providence Encounters Hydrocarbons at Barryroe Appraisal Well
Providence Resources P.l.c. the London (AIM) and Dublin (ESM) quoted oil and gas exploration and production company, today provided a further market update on its ongoing drilling programme in the North Celtic Sea Basin, offshore southern Ireland. The 48/24-10z Barryroe appraisal well is located in
Norway: EMGS Announces Record Revenues in Fourth Quarter 2011
EMGS has released the fourth quarter results for 2011 with recorded revenues of USD 57.8 million, up from USD 27.2 million in the fourth quarter of 2010. Highlights in the fourth quarter 2011 include record-high financial results: * Total revenues at USD 57.8 million for the quarter * EBITDA of USD
USA: ACL Announces New Weekly RO-RO Service
Atlantic Container Line commences a new, weekly RORO service from the North America to Russia and Finland. It is the fastest and most frequent service available in the market. The service begins February 2012, using ACL’s transatlantic vessels and Finnlines’ ice-class Baltic vessels. The Grimaldi Gr
Norway: TGS Releases Fourth Quarter 2011 Results
TGS reports net revenues of USD 180.9 million in Q4 2011, compared to USD 177.6 million in Q4 2010, a 2% increase. The Company’s operational multi-client investments were USD 61.1 million, up 55% from Q4 2010. TGS’ backlog amounted to USD 210.9 million at the end of Q4, representing the highest back
UK: New Hydraulic Lifting Yoke Tested
A newly developed hydraulic lifting yoke from Danish based Fyns Kran Udstyr has been tested in the world’s largest offshore wind turbine park, London Array. The new way of handling offshore wind turbine foundations is much faster, cheaper and more secure. It no longer needs to take an hour to get re
UK: New Programme Director for Peel Ports Container Terminal Project
Peel Ports has appointed Douglas Coleman; one of the UK’s most experienced project directors, as its Programme Director for the construction of the planned in-river container terminal at the Port of Liverpool. The primary purpose of Coleman’s role is to take charge of the landmark container terminal
UK: Vivienne Cox Joins BG Group
BG Group has today announced the appointment of Vivienne Cox as a Non-Executive Director with immediate effect. Commenting on the appointment, BG Group Chairman Sir Robert Wilson said: “I am delighted to welcome Vivienne on to the BG Group Board. Vivienne’s extensive experience and expertise, across
UK: Wave Hub Attracts New Customer
Ocean Energy Limited, Ireland’s leading wave energy company, is working with Wave Hub, the world’s largest grid connected offshore marine energy test site, to deploy its technology at the site later this year. Cork-based Ocean Energy, in collaboration with its partner Dresser-Rand, one of the larges
GL Renewables Certification Appoints New Vice President Project Management & Sales (Germany)
GL Renewables Certification appointed Rüdiger Urhahn as Vice President Project Management & Sales, with responsibility for worldwide customer management in the area of certification services, in January 2012. In addition to sales duties, Mr Urhahn has been given the task of overseeing all customer p
Greece: Diana Containerships Takes Delivery of Two Panamax Vessels
Diana Containerships Inc. , a global shipping company specializing in owning and operating containerships, today announced that the Company took delivery of two Panamax container vessels, m/v “Cap San Marco” and m/v “Cap San Raphael”, on Monday, February 6, 2012. The m/v “Cap San Marco” is a 2001-bu
Russia: CF to Get New Warships in First Half of 2012
In the first half of 2012, Caspian Flotilla (CF) will be reinforced with Project 11661K missile ship Dagestan and Project 21630 small-size gunnery ship Volgodonsk. The ships are designed by Zelenodolsk Design Bureau (Tatarstan, Russia). Considering latest scientific achievements and assigned mission