Business & Finance
IFM-GEOMAR Scientists Examine Causes of Earthquakes and Tsunamis Off Italy
From late December 2011 till Mid January 2012 earth scientists from the Leibniz Institute of Marine Sciences (IFM-GEOMAR) and from the Cluster of Excellence „The Future Ocean“ in Kiel, Germany will examine the causes of earthquakes and tsunamis along the continental margins of the Mediterranean Sea
IEV Malaysia Secures Major Supply and Installation Contract
IEV Holdings Limited announced that, on 13 December 2011, its 30% associate, IEV (Malaysia) Sdn. Bhd., has been awarded a major supply and installation contract from an established and major oil and gas operator in South East Asia . The scope of work of this turnkey project includes the engineering,
UK: ASCO Secures Long-Term North Sea Contracts
ASCO, one of the world’s leading oil and gas logistics companies, announces the retention of three significant long-term North Sea contracts – two with Nexen Petroleum UK Limited and one with Centrica Energy Upstream. Together the contracts are valued in excess of £90m. For a number of years, ASCO h
UK: ASCO Continues Good Relationship with Centrica and Nexen
ASCO, one of the world’s leading oil and gas logistics companies, has announced the retention of three significant long-term North Sea contracts – two with Nexen Petroleum UK Limited and one with Centrica Energy Upstream. Together the contracts are valued in excess of £90 million ($ 139.4 million).
Norway: We Will Learn from Gullfaks Incident, Statoil Says
Norwegian oil giant, Statoil, said that broad efforts have been made to identify the direct and underlying causes of the Gullfaks C well control event on 19 May 2010. The company has responded today to the most recent post-incident orders from the Petroleum Safety Authority Norway (PSA). As required
Norway: Statoil Responds to Recent Post-Incident Orders from PSA
Broad efforts have been made to identify the direct and underlying causes of the Gullfaks C well control event on 19 May 2010. Operator Statoil has responded to the most recent post-incident orders from the Petroleum Safety Authority Norway (PSA). As required by the PSA, risk assessment and work pro
Denmark: Maersk Line Appoints New CEO
Søren Skou has been appointed new CEO of Maersk Line with effect from 9 January 2012. Søren Skou was previously CEO of Maersk Tankers and replaces Eivind Kolding who is leaving Maersk Line to become Chairman of the Executive Board of Danske Bank. ”Under Eivind Kolding’s skilled leadership, Maersk Li
South Africa: Veercraft Marine Launches New Crew Boat
Incat Crowther has announced the launch of the 20m monohull crew boat Ahuva. Built by Veecraft Marine in South Africa, Ahuva will join 30m monohull crewboats Perez and Deborah in the C&I Leasing fleet in Nigeria. Ahuva is specifically designed for efficient safe crew transfer to offshore energy inst
Norway: Statoil Gets Approval to Drill Appraisal Well in Barents Sea
Statoil Petroleum AS has been granted consent to carry out exploration drilling of well 7220/5-1 in the Barents Sea with the Aker Barents mobile facility. The well is an appraisal well that is part of the assessment of the Skrugard field that has been discovered in the adjacent block 7220/8, product
Germany: Five Stars for Ernst Russ
The shipping company Ernst Russ strives continuously for the highest quality, safety and environmental standards in shipping; in recognition of this it has now been awarded the “GL Excellence – 5 Stars” certificate by classification society Germanischer Lloyd (GL). Ernst Russ Managing Director Mr St
Norway: Intentium AS Launches Open Wave Energy Project
This month Norwegian wave energy developer, Intentium AS launches open wave energy project – owep. This is meant to be a hub where developers, decision makers, suppliers and students, can publish their own project or request for involvement. This will typically be a project for a complete ocean ener
Norway: Statoil Increases Recovery Through Light Well Intervention
Statoil is cutting the costs of increased recovery from fields in operation by hiring in light well intervention vessels. As of December Statoil has three light well intervention vessels in operation. Statoil awarded Island Offshore a framework agreement earlier this year for light well intervention
UK: IMarEST Adopts Revised ‘Code for Environmental Management of Marine Mining’
Marine mining, featured on the Institute of Marine Engineering, Science and Technology’s (IMarEST) Technical Activities Hot Topics Register, has added an important sustainability credential with the adoption of the revised ‘Code for the Environmental Management of Marine Mining’ by the International
Gazprom Wants More Gas from Azerbaijan
The Gazprom headquarters hosted yesterday a meeting between Alexey Miller, Chairman of the Company’s Management Committee and Rovnag Abdullayev, President of the State Oil Company of Azerbaijan Republic (SOCAR). The parties tackled the Gazprom and SOCAR cooperation issues surrounding the gas supplie