Business & Finance
UK: DONG Energy Places All Array Cables on Seabed at Walney 2
All array cables, connecting the turbines with the Walney 2 offshore substation, have been safely placed on the seabed, and the cable barge Stemat 82 has de-mobilised. One of the cables still needs to be terminated, but this is also paused due to the adverse weather conditions. The Walney Offshore W
Nord Stream Pipeline Shows Low Environmental Impact in Russia
Nord Stream AG has summarised the results of the environmental monitoring programme in Russian waters and the onshore part of the Nord Stream Pipeline in Portovaya Bay for the first three quarters of 2011. According to the survey, the construction works have had no or minor impact, which was of shor
Norway: Siem Offshore Sells Mid-size PSV ‘Siem Danis’
Siem Offshore has entered into an agreement for the sale of the mid-size PSV “Siem Danis” at a price of USD 34 million. The delivery is scheduled for first quarter 2012. The sale will represent a gain of approximately USD 14 Million. The sales proceeds will be used to repay debt of approximately USD
Russia: Gazprom, Eni Pleased with South Steam Progress
The Gazprom headquarters yesterday a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Paolo Scaroni, Chief Executive Officer of Eni. The parties discussed the issues of bilateral cooperation as part of the Strategic Partnership Agreement. In particular, Alexe
UK: Partrac Experiences Most Successful Year since Beginning of Operations
Marine data acquisition and consulting experts the Partrac Group have experienced the busiest and most successful year since operations began in 2003. The Group, which is headquartered in Glasgow, has attributed the resulting growth to the award of many new contracts and contract extensions, continu
Norwegian Offshore Shipping Specialists Team Up in New Project
DNV today announced that a project has been established to identify energy efficiency and fuel saving initiatives for the offshore shipping industry. The partnership involves a collaboration of seven Norwegian offshore shipping companies. The Joint Industry Project is called Energy Efficient Offshor
Norway: Siem Offshore Sells Mid-Size PSV
Siem Offshore, an international supply and subsea shipping company with main offices in Kristiansand, Norway has entered into an agreement for the sale of the mid-size PSV “Siem Danis” at a price of USD 34 million to an undisclosed buyer. The vessel is a Platform Supply Vessel designed to carry out
Spain: Nexans Secures EUR 90 M Contract to Build Submarine Cable Between Mallorca and Ibiza
Nexans, a worldwide leading expert in the cable industry, has been awarded a turnkey contract worth in excess of 90 million euros by REE (Red Eléctrica de España), the operator of the Spanish power system and the owner of the power transmission grid, to create a new 115 km high-voltage (HV) submarin
Russia: Rosneft Acquires Five New Blocks in Okhotsk Sea
By order of the government of the Russian Federation Oil Company Rosneft has been granted five blocks on the Sea of Okhotsk shelf for geological surveying, exploration and development. The five blocks are Magadan-1, 2 and 3, Lisyansky and Kashevarovsky. According to Rosneft estimates, total recovera
Six Leading Container Shipping Lines Create new Far East-Europe Alliance
Six leading container shipping lines have agreed to create one of the largest vessel networks in the Far East-to-Europe trade lane. The comprehensive agreement will bring together members of The New World and Grand alliances to create The G6 Alliance. New World Alliance members are APL, Hyundai Merc
PSA Norway Finds Room for Improvement in Knarr FPSO Construction Regulations
From 26-28 September and 21-25 October 2011, the PSA carried out an audit of Teekay Petrojarl’s (TKPJ’s) design of FPSO Knarr. The audit included the working environment and material handling disciplines. The Knarr field (previously known as Jordbaer) is located in the northern part of the North Sea
2H Offshore Names Alex Rimmer as Additional Director of London Office (UK)
2H Offshore, an Acteon company, announces the appointment of Alex Rimmer as an additional Director of it’s London office. Alex joined 2H in 2004 and has worked in a number of managerial positions in the company, most recently as Engineering Team Leader. In his new role, Alex will oversee engineering
Ireland: Carnegie Announces CETO Site Licence Submission
Wave energy developer Carnegie Wave Energy Limited announces that it has formally applied for a Foreshore Licence to continue investigations for a proposed 5MW CETO commercial demonstration project offshore from County Clare, Ireland. Carnegie, through its Irish subsidiary CETO Wave Energy Ireland (
Greece: Diana Shipping Announces Development Related to Charter of MV Houston
Shagang Shipping, a China-based company, has failed the cover the $4.8m charter costs for a dry bulk vessel to Greece-based Diana Shipping. The vessel MV Houston keeps operating in accordance with the terms of the charter. The charter termination date is October 2014. The Greek shipping firm singed