Business & Finance
Germany: MV Lone Heavy Lift Undergoes Upgrades to Better Fit Offshore Needs
SAL’s heavy lift vessel, the MV “Lone”, is now in the last stages of upgrading her existing DP 1 system to a DP 2 system. In dry-dock at the German shipyard Norderwerft, the vessel received one additional 1,200 kW bowthruster, two retractable azimuths of 1,200 kW each and three 1,600 kW auxiliary en
Germany: MV Lone Gets DP Upgrade
The MV “Lone” is now in the last stages of upgrading her existing DP 1 system to a DP 2 system. In dry-dock at the German shipyard Norderwerft, the vessel received one additional 1,200 kW bowthruster, two retractable azimuths of 1,200 kW each and three 1,600 kW auxiliary engines to secure the power
Four Large Tanker Owners Sign LoI to Set up New VLCC Pool
Partners in the VLCC Pool will be MITSUI O.S.K. LINES, LTD. / PHOENIX TANKERS PTE. LTD., A.P. MØLLER – MÆRSK A/S (Maersk Tankers), SAMCO SHIPHOLDING PTE. LTD., and OCEAN TANKERS (PTE.) LTD., SINGAPORE – all financially strong and quality focused tanker owners. The Partners are in detailed discussion
UK: Blue Offshore to Use Swan Hunter Facilities for Construction of Cable Installation System
Blue Offshore, a specialist subsea construction contractor, have announced that they have reached agreement to use the former Swan Hunter shipyard facilities at Wallsend, Newcastle-upon-Tyne (UK), for assembly and construction of their cable installation system. Blue Offshore will operate the facili
UK: Port of Felixstowe Receives New Cranes
The UK’s Secretary of State for Transport, the Rt Hon Justine Greening MP, has visited the Port of Felixstowe, the country’s largest container port, to see it take delivery of its latest consignment of new cranes. Whilst at the port, the Secretary of State met with senior management of the port, bef
Norway: Eidesvik Offshore 3Q EBITDA Up
Eidesvik Offshore ASA’ operating result before depreciation (EBITDA) for 3rd quarter 2011 is MNOK 117,8 compared to MNOK 113,3 for the same period last year. Operating income is MNOK 255,7 compared to MNOK 254,7 for the same period last year. Operating result before depreciation (EBITDA) for the fir
Singapore: Cathelco Provides Desalinators for West Java FSRU Project
Overseas sales of Cathelco Seafresh reverse osmosis desalinators continue to gain momentum with the announcement of orders for two projects in Singapore. Cathelco Seafresh are supplying reverse osmosis desalinators for the Khannur, an LNG carrier owned by Golar LNG of Norway which is being converted
Germany: Scandlines Launches New Ferry
Scandlines and P + S shipyards are celebrating another milestone on their way to putting their two new builds into service. The “Berlin” came into contact with the element water for the first time before some 150 guests from the world of politics and business at the P + S shipyard in Stralsund. At 1
Norway: Statoil, Partners Reach Visund North Investment Decision
The Visund North investment decision means that the fast-track developments around the Visund field in the North Sea are a step nearer completion. It was decided in autumn 2010 to fast track the development of Visund North with production start-up scheduled for autumn 2013. The partners have now rea
Norway: SPT Group Unveils MEPO 4, Next Generation of its Reservoir Optimisation Suite
SPT Group has launched MEPO 4, the next generation of its market- leading solution for optimising reservoir flow models. Used by oil and gas companies for risk reduction, uncertainty management, well location optimisation and assisted history matching, MEPO helps reduce cost and cycle times at all s
Norway: SPT Group Unveils New Reservoir Management Software Solution
SPT Group has released MEPO 4, the next generation of its market- leading solution for optimising reservoir flow models. Used by oil and gas companies for risk reduction, uncertainty management, well location optimisation and assisted history matching, MEPO helps reduce cost and cycle times at all s
Norway: Fast Track Developments Around Visund Field Near Completion
The Visund North investment decision means that the fast-track developments around the Visund field in the North Sea are a step nearer completion. It was decided in autumn 2010 to fast track the development of Visund North with production start-up scheduled for autumn 2013. The partners have now rea
Russian NGOs Call for Shtokman FID Delay
Russian environmental NGOs recently sent a letter to executives of Gazprom, Statoil and Total asking the companies to delay the final investment decision for Shtokman natural gas project until all the aspects of environmental impacts are thoroughly examined, and the means of elimination of potential
UK: IXSEA Releases New DELPH Software Suite
IXSEA introduces a new version of the DELPH geophysical software suite. This major 2.9 release introduces a number of new tools and functions to simplify survey acquisition operations and boost side-scan sonar, seismic or sub-bottom profiler and magnetic data processing and analysis. Whilst being al