Business & Finance
Greece: Paragon Shipping Appoints Allen & Caron for Investor Relations
Paragon Shipping Inc., a global shipping transportation company specializing in drybulk cargoes, announced that it has appointed Allen & Caron Inc., headquartered in New York City with offices in Irvine, California and London, as its agency for investor relations. Paragon Shipping’s fleet of drybulk
Norway: Technical Difficulties Prevent Butch South West Side-Track Drilling
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, announces that due to technical difficulties the drilling of a side-track well on the Butch South West exploration prospe
Turkey: PSA Mersin Port Receives Two STS Gantry Crane from ZPMC
It is a truth that there is very hard competition between container handler ports in Turkey. Local competitions, specially between close ports are at top level. Together with new privatizations in Turkey, this competition becomes warmer and harder. As a result of it, also profits are getting lower.
Norway: Seismic Expert Joins Seismic Specialist
Dolphin Geophysical has appointed Paul Tollefson as Manager, Marketing and Business Development, Multi-Client and Processing. Reporting to Ian T. Edwards, Vice President of Global Multi-Client, Paul will be responsible for the development and marketing of new Multi-Client surveys and promoting Dolph
Australia: Woodside’s First CWD Well Breaks Record with AGR’s RMR
An ambitious exploratory well project has entered the record books – with AGR’s Riserless Mud Recovery (RMR™) system from their Enhanced Drilling Solutions division helping to make it possible. Woodside called a total section depth of 1,905m (6,250ft) on the Tidepole East-1 exploration well off West
UK: Flexlife Finishes High Levels of Offshore Integrity Testing
Subsea specialist Flexlife has completed high levels of annulus testing work during the last 12 months, including its first work off Africa. All the projects achieved definitive results within days. Flexlife Chief Executive Stuart Mitchell said: “Flexlife has built a reputation for responding quickl
Ukraine: Eco Wave Power Completes Testing of Wave Energy Generation Models
Eco Wave Power has completed the construction and testing phase of its first sea wave energy generation models the “Wave Clapper”, and the “Power Wing”. The testing took place in the wave pool of the Hydro-Mechanical National Institute of Kiev. The “wave pool”, 2.5 meters depth, and 18 meters length
Norway: Statoil Selects EMAS for Chain and Riser Replacements
EMAS AMC, a global offshore contractor providing construction, marine, production and well intervention services has been awarded two contracts from Norway’s oil major Statoil, for mooring chain and riser replacements in the North Sea on the Norwegian Continental Shelf. The combined contract value i
Dana Secures New Acreage Near Tolmount Discovery
Dana Petroleum plc (“Dana”) in a 50/50 partnership with Sorgenia E&P (UK) Ltd has secured blocks 42/27, 47/2b (split) and 47/3g (split) in the UK Southern North Sea, in the final stage of the 26th round of UK offshore licensing. Dana will be the operator of the blocks and the work obligations compri
Norway: Dolphin Geophysical Announces New Appointment
Dolphin Geophysical announces the appointment of Paul Tollefson as Manager, Marketing and Business Development, Multi-Client and Processing. Reporting to Ian T. Edwards, Vice President of Global Multi-Client, Paul will be responsible for the development and marketing of new Multi-Client surveys and
Norway: EMAS Secures Two Contracts from Statoil
Ezra Holdings Limited, a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, announces that its subsea construction division, EMAS AMC, has been awarded two contracts from Statoil, for mooring chain and riser replacements in the North S
Denmark: Maersk Secures USD 250 Million Worth of Contracts
Maersk Supply Service has won four major contracts worth about DKK 1.5 billion (around USD 250 million) with the major Brazilian oil company Petrobras and American oil major ExxonMobil for operation in Australia. Brazil is a strategically important area for Maersk Supply Service and the A. P. Moller
UK: Saipem Awards Monopile Foundation Contract to TAG Energy Solutions
TAG Energy Solutions has been awarded a significant new contract to deliver four foundation piles for international marine construction company Saipem. The piles will be utilised to support a jacket construction in the North Sea operated by Total in the Elgin B oil & gas field. The contract was secu
Finland: Wartsila Designs Advanced Multi-Purpose Research Vessel ‘Aurora Borealis’
Wärtsilä Ship Design has designed ‘Aurora Borealis’, a heavy Icebreaker, Deep-Sea Drilling and Multi-Purpose Research Vessel. Upon entering service scheduled to take place in 2016, the vessel will be used to support climate and environmental research. The most advanced Polar Research Vessel in the w