Business & Finance
UK’s Rolls-Royce Receives Order to Design and Equip Two PSVs
Ship owner Gulf Offshore North Sea Ltd has awarded Rolls-Royce a contract to design and equip two offshore supply vessels for ship owner Gulf Offshore North Sea Ltd. The value of the contract to Rolls-Royce is approximately £10 million. The two UT755 XL designs will be built at the Rosetti Marino Sp
Norway: Oceaneering Enters Agreement to Acquire Mechanica AS
Oceaneering International, Inc. announced that one of its wholly owned subsidiaries, Oceaneering AS, has entered into a definitive agreement to acquire Mechanica AS. The transaction is subject to approval by the Norwegian Competition Authority. Mechanica, headquartered in Stavanger, Norway, is a des
HR Wallingford Acquires UK-Based DRL Software
HR Wallingford, the international hydraulic and environmental engineering consultancy, has acquired UK-based DRL Software. DRL Software develops environmental monitoring software with coastal, offshore and estuary applications. Their DRL-Sediview application is used by dredging companies, environmen
Norway: Oceaneering to Acquire Mechanica
Oceaneering’s Norwegian subsidiary, Oceaneering AS, has entered into a definitive agreement to acquire Mechanica AS. The transaction is subject to approval by the Norwegian Competition Authority. Mechanica, headquartered in Stavanger, Norway, is a design and fabrication company specializing in remot
UK: Total Announces Purchase of GDF SUEZ’s Share in Elgin Franklin
Total, operator of the Elgin/Franklin fields in the British sector of the North Sea, announces the purchase of GDF SUEZ’s share in the two fields for an enterprise value of €590 million. This participation is held through a 22.5% interest in the company Elgin Franklin Oil & Gas (EFOG). By giving Tot
Centrica Discovers Oil in Norwegian North Sea
Faroe Petroleum announces that Centrica has completed a successful initial side-track well on the Butch oil discovery (Faroe 15%) located in the Norwegian North Sea. As announced on 18 October 2011, the Butch exploration well (8/10-4 S) encountered net oil pay of approximately 50 metres in the Upper
The Netherlands: IHC Merwede Launches CSD SHANTI SAGAR XVI
The naming and launch ceremony for the 13,000kW stationary cutter suction dredger, SHANTI SAGAR XVI, took place on 6 December 2011 at the IHC Merwede shipyard in Sliedrecht, The Netherlands. IHC Merwede is building the ship for Mundra Port Special Economic Zone Ltd., which is part of the Adani Group
Total Buys GDF Suez’s Stake in Elgin/Franklin Fields, Offshore UK
French oil giant Total, operator of the Elgin/Franklin fields in the British sector of the North Sea, announces the purchase of GDF SUEZ’s share in the two fields for an enterprise value of €590 million. This participation is held through a 22.5% interest in the company Elgin Franklin Oil & Gas (EFO
UK: Nautronix Secures Order from Noble Energy for their NASeBOP System
Nautronix have been awarded an order worth around $4m from a well known American BOP supplier to supply their NASeBOP (Nautronix Emergency BOP Acoustic Control System) to be used on the four new ultra-deepwater drillships for Noble Corporation. This order comes just after their recent success in sec
The Netherlands: IHC Merwede Announces Successful Naming and Launch Ceremony for Shanti Sagar XVI
The naming and launch ceremony for the 13,000kW stationary cutter suction dredger, SHANTI SAGAR XVI, took place on 6 December 2011 at the IHC Merwede shipyard in Sliedrecht, The Netherlands. IHC Merwede is building the ship for Mundra Port Special Economic Zone Ltd., which is part of the Adani Group
Sweden: Concordia Maritim Wins ‘Best Annual Report’ Award
Today, Concordia Maritime, which is active in tanker shipping, was awarded the prize for “Best Annual Report” in Nasdaq OMX’s annual competition. The award was presented at a ceremony at FinForum in Stockholm. “Someone said that our annual report could function as a textbook in shipping and I think
Croatia: Brodosplit Starts Construction of Luxury Passengers Yacht
On December 5th 2011, in Brodosplit shipyard the keel was laid for luxury passengers yacht that BSO is building for Laplain Management Ltd, headquarted in British Virgin Islands. The 60-metre vessel will be able to host 70 passengers on shorter relations on three decks and two luxurious saloons, whi
Hydroid Opens Registration for REMUS 100 AUV Training in UK
Hydroid, Inc., a subsidiary of Kongsberg Maritime, the leading manufacturer of Autonomous Underwater Vehicles (AUVs), will hold an Open Enrollment Training session during the week of March 5-9, 2012, at the National Oceanographic Centre in Southampton, UK. Training will focus on basic operations and
Greece: Diana Shipping Enters Into Time Charter Contract for MV Leto
Diana Shipping Inc., a global shipping company specializing in the ownership and operation of dry bulk vessels, today announced that it has entered into a time charter contract with EDF Trading Ltd., London, for one of its Panamax dry bulk carriers, the m/v “Vathy” to be renamed “Leto”, at a gross c