Business & Finance
UK: BlueView Delivers Enhanced Underwater Vision to Fugro
BlueView Technologies, the world leader in compact acoustic imaging and measurement technology, announces the latest delivery of two (2) P900-130 2D Multibeam Imaging Sonar for Fugro Subsea Services in Aberdeen making a total of six (6) units delivered to the group over the past year. The BlueView P
Norway: EMGS Announces New Barents Sea Multi-Client 3D EM Campaign
Electromagnetic Geoservices ASA (EMGS) announces that it has secured pre-funding to start a multi-client 3D EM campaign in the Barents Sea, ahead of Norway’s 22nd exploration licensing round. Data acquisition will commence in March using the vessel Atlantic Guardian. Preliminary data deliverables wi
Vestas CFO, Henrik Nørremark Resigns (Denmark)
The Board of Directors of Vestas Wind Systems A/S has received a thorough briefing on the conditions which during the last months have led to profit warnings. The company issued its second profit warning in January, saying that cost overruns and delayed revenues had wiped out 2011 profits. As a cons
Vestas CFO, Henrik Nørremark Resigns (Denmark)
The Board of Directors of Vestas Wind Systems A/S has received a thorough briefing on the conditions which during the last months have led to profit warnings. The company issued its second profit warning in January, saying that cost overruns and delayed revenues had wiped out 2011 profits. As a cons
Hallin Marine: Promising Start to 2012 (Singapore)
Singapore-based Hallin Marine, a Superior Energy Services company, reports a promising start to 2012 with four new contracts. Hallin’s West Division heads into battle in search of unexploded 1939-1945 ordnance off the German coast. A Quasar work-class remotely operated vehicle and team are being pro
UK: London Array Announces Crew Transfer Vessel Naming Competition
London Array is announcing challenge to come up with a name for the third and final crew transfer vessel being supplied by Gardline to service the wind farm from the base at Ramsgate Port. The 17m aluminium catamaran, or Alicat – specifically designed to transfer technicians to offshore sites – is d
Norway: EMGS Ready to Begin Barents Sea EM Survey
Norway’s EMGS has secured pre-funding to start a multi-client 3D EM campaign in the Barents Sea, ahead of Norway’s 22nd exploration licensing round. Data acquisition will commence in March using the vessel Atlantic Guardian. Preliminary data deliverables will be available from April 2012 and 3D inve
ICS Board Meets in London, UK
The Board of Directors of the International Chamber of Shipping (ICS), whose member national shipowners’ associations represent all sectors and trades and over 80% of the world merchant fleet, met in London on 6 February. Piracy ICS members reviewed the continuing threat to shipping from Somali pira
2011: Tough Year for Vestas with Two Profit Warnings (Denmark)
2011 was a very challenging year for the wind industry. The same applies to Vestas which had to issue two profit warnings and abandon its Triple15 targets. In 2011, Vestas recorded revenue of EUR 5.8bn and an EBIT margin before special items of (0.7) per cent, slightly below the preliminary financia
Norway: Statoil Delivered Record Financial Results, CEO Says
Statoil’s fourth quarter 2011 net operating income was NOK 60.7 billion, a 42% increase compared to NOK 42.8 billion in the fourth quarter of 2010. In 2011, net operating income was NOK 211.8 billion compared to NOK 137.3 billion in 2010. “Statoil delivered record financial results, further improved
Greece: Paragon Shipping Enters Charter Agreement for Supramax Bulk Carrier
Paragon Shipping Inc., yesterday announced that it has entered into a fixed rate time charter agreement for its vessel, the M/V Friendly Seas, with Western Bulk Carriers AS. The M/V Friendly Seas, a 2008 built 58,779 dwt Supramax bulkcarrier, has been fixed to Western Bulk Carriers for a period of 1
UK: Bibby Offshore Introduces Graduate Training Scheme
Aberdeen-based subsea installation contractor Bibby Offshore has recently welcomed its first six graduates onto the Bibby Offshore Academy Graduate Training Scheme. Bibby Offshore Academy was launched last year to address the training needs of potential future employees and for the management and de
Germany: DONG and Nexans Pen Framework Contract for Submarine Cables
DONG Energy, Fredericia (Denmark) and Nexans Deutschland have concluded a framework agreement for the delivery of up to 900 kilometres of medium-voltage submarine cables. Up until the end of 2015 (or, optionally, 2017), the Danish energy company will take delivery of up to 150 kilometres of high-per
Thales UK Nets Contract to Supply Sonar for HMS Anson
Thales UK has been awarded a £30m+ contract to supply the Sonar 2076 fully integrated search and attack submarine sonar system for the UK Royal Navy’s fifth Astute-class submarine, HMS Anson. Thales will supply the sonar system to BAE Systems Submarine Solutions, the prime contractor for the Astute-