Business & Finance
Ireland: Providence Announces Barryroe Appraisal Well Update
Providence Resources P.l.c., the London (AIM) and Dublin (ESM) listed oil and gas exploration and production company, today provided an interim update on its appraisal drilling programme in the North Celtic Sea Basin, offshore southern Ireland. The 48/24-10 Barryroe well is located in c. 100 m water
Russia: ZNT YARD JSC Starts Construction of Two Icebreaking Tugs for Rosmoport
The 8th of December saw the laying down of keels of two TG04M project shallow-draught icebreaking tugs by ZNT YARD JSC for a FSUE “Rosmoport” Azov basin branch. A new tug is oriented for towing and canting operations or transfer of pilots, members of government and supervisory committees. During roa
Norway: Island Offshore, Rolls-Royce in OSV Deal
Rolls-Royce, the global power systems company, today announced that it has won a £15 million order, to provide the design, integrated power and propulsion systems and deck equipment for two offshore service vessels for ship owner Island Offshore. The contract includes an option for an additional fou
Cyprus: SeaBird Provides Contracts Updates Regarding its Business Activities
SeaBird Exploration PLC provides a contract update regarding its business activities as set out below: Phase 1 of the Osprey Explorer multiclient survey in Gulf of Mexico was completed in September 2011 (approximately 8,000 km), and SeaBird reports that the first sale under the master license agreem
Statoil: Luva Development Costs Estimated at USD 5.7 Billion
Norway’s energy giant, Statoil, yesterday announced plans for development of Luva Field located in Production Licence 218 (PL 218). The field is situated approximately 140 km north of Norne and some 300 km West of Bodø and lies in 1,300 metres of water. Statoil and its partners Exxon Mobil and Conoc
OMM Launches New Maintenance Support Service for Offshore Renewables (UK)
Offshore Marine Management (OMM) has today announced the launch of a new maintenance support service for offshore renewables operators. With little existing guidance and no legislation currently in place, operators may not be conducting the maintenance they need in order to guarantee the integrity o
Croatia: Brodosplit Shipyard Delivers Passenger-Cargo Vessel Piana
Brodosplit shipyard has just delivered a passenger – cargo vessel under the hull No. 468. Hull 468 is a passenger, vehicles, trucks and hazardous cargo vehicles vessel. This was the end of building for one of the most sophisticated and most expensive projects in the history of Split shipyard. Accord
The Netherlands: IHC Merwede Receives New Orders Worth EUR 200 Million
Merwede announces that it has recently secured orders for advanced vessels and equipment in its core markets of dredging and offshore to the value of €200million. The latest agreements confirmed by IHC Merwede include: a new pipelaying vessel for Subsea 7; an engineering and components package for t
Sweden: APM Terminals’ Gothenburg Deal Gets Green Light
The Competition Authority of Sweden has approved APM Terminals’ filing for the Skandia Container Terminal in Gothenburg, Sweden. On 11 October 2011, The Port of Gothenburg and APM Terminals signed the concession agreement to manage Sweden’s largest container terminal – the Skandia Container Terminal
UK: Valiant’s Full Year Production at 7.500 BOPD
Valiant Petroleum plc announces that its full year production for 2011 is projected at around 7,500 barrels of oil per day (“bopd”), in line with guidance maintained throughout the year. The Dons Area work programme for 2012 is currently being finalised with the operator and includes a new productio
Dutch Fairstar Inks Loan Facility for Completion of FORTE Heavy Lift
Fairstar Heavy Transport N.V. (FAIR) has signed a Bridge Loan Facility Agreement with Bank of China. The facility provides financing of the third installment of the construction of the FORTE in accordance with the Terms of Payment in the Shipbuilding Contract. The Bridge Loan Facility will be repaid
The Netherlands: IHC Merwede Secures New Orders for Advanced Vessels and Equipment
IHC Merwede has announced that it has recently secured orders for advanced vessels and equipment in its core markets of dredging and offshore to the value of €200million. The latest agreements confirmed by IHC Merwede include: a new pipelaying vessel for Subsea 7; an engineering and components packa
Denmark: Maersk Line Announces Re-introduction of CRX Liner Service
Maersk Line announces the re-introduction of the CRX as per January 2012, the weekly liner service connecting Mexico and Costa Rica directly with UK, Netherlands and Germany. The CRX and the Ecubex services have been merged into one service since mid 2011. However, Maersk Line is now separating the
UK: ABP, Siemens Submit Applications for Green Port Hull Project
Associated British Ports (ABP) and Siemens plc announce that they are submitting applications to Hull City Council for the development of the proposed Green Port Hull facility. Joint applications are being made for the demolition of existing buildings at Alexandra Dock and the development of a facto