Business & Finance
Italy: Forum Announces Sale of Sub-Atlantic Mojave Observation ROV to GeoTeam
Forum Energy Technologies Inc., (Forum) announces the recent sale of a Sub-Atlantic™ Mojave observation ROV to GeoTeam S.r.l. in Rome, Italy. GeoTeam is a solutions based marine survey, construction support and geotechnical contractor with operations in the United Kingdom, Italy and the United Arab
UK: North Sea Decommisioning Costs Could Hit Staggering Levels
A £47.5 billion business opportunity is opening up for companies in decommissioning the North Sea’s huge infrastructure of offshore oil and gas fields according to new research recently published by Deloitte and Douglas-Westwood. The next 30 years will see enormous demand building for the services o
Ireland: Providence Receives Kish Bank Basin Licence
Providence Resources P.l.c.,the London (AIM) and Dublin (ESM) listed oil and gas exploration and production company, has been awarded Standard Exploration Licence 2/11 in the Kish Bank Basin, offshore Dublin by the the Irish Department of Communications, Energy and Natural Resources. The Licence, wh
Emerald Networks Plans to Install Submarine Cable Between USA and Europe
Emerald Networks, Inc., a subsea cable system owner/operator that provides low latency transatlantic capacity to the wholesale market, announces that the Group is to install, for completion by the Spring of 2013, the highest capacity, low latency, transatlantic submarine cable system in order to mee
Greece: Safe Bulkers Announces Two-year Time Charter for Kamsarmax Class Vessel
Safe Bulkers, Inc. announced that it has entered into a new period time charter for the Pedhoulas Trader, a 82,300 dwt Kamsarmax class vessel, for a duration of 23 to 25 months, with a forward delivery date in August of 2013, at a gross daily charter rate linked to the Baltic Panamax Index (BPI) plu
Italy: EIB Grants EUR 240 Million Loan for Livorno Regasification Plant
The European Investment Bank (EIB) has granted a EUR 240 million loan to IREN S.p.A. to complete the regasification plant in Livorno created by its subsidiary OLT Offshore Toscana. The project comes under sectors in which the EIB is traditionally active – energy and environmental protection. In tec
UK: Douglas-Westwood & Deloitte Publish Report on North Sea Oil & Gas Decommissioning Costs
A £47.5 billion business opportunity is opening up for companies in decommissioning the North Sea’s huge infrastructure of offshore oil and gas fields according to new research recently published by Deloitte and Douglas-Westwood. The next 30 years will see enormous demand building for the services o
15 Icebreakers to Operate in Gulf of Finland this Winter
During the winter navigation 2011-12 fifteen diesel electric icebreakers and one atomic icebreaker will be operating in the Gulf of Finland. The A-ship is affreighted for 100 days and it will set off from Murmansk for Saint Petersburg on the 23rd of January 2012. The vessel operation contract`s cost
UK: Mitsubishi Corporation Acquires 50 Pct Share of Walney 1 Offshore Transmission Assets
Mitsubishi Corporation , through its wholly owned special purpose company and its UK based subsidiary, has acquired a 50% share of the Walney 1 offshore transmission assets. The acquisition was made from Macquarie Capital Group Limited (UK Branch) , and represents the first time for a Japanese compa
Hoegh LNG, DSME Agree to Initiate Engineering Work of Tamar LNG FPSO, Israel
Höegh LNG Holdings Ltd. has entered into an agreement with Daewoo Shipbuilding & Marine Engineering Co. (DSME) to initiate a project specific front-end engineering design (FEED) of an LNG FPSO solution for the Tamar gas field offshore Israel. This agreement follows the recent announcement of the agr
French Technip Finalises Acquisition of Global Industries
Technip announced that it has completed the acquisition of Global Industries, Ltd . The shareholders of Global Industries approved the merger at a special shareholders meeting held on November 30, 2011 and will receive US$8.00 per share in cash. Global Industries has become an indirect, wholly-owned
Denmark: Maersk Exercises Options for Jack-up Rig Energy Endeavour
Northern Offshore, Ltd. reported that its subsidiary, Northern Offshore U.K. Limited, has received a early declaration from Maersk Olie og Gas AS exercising both of the remaining one-year options for the jackup Energy Endeavour. The anticipated commencement date of the option period is April 2012, w
USA: FMC Technologies to Support Anadarko’s Offshore Projects Worldwide
FMC Technologies, Inc., a provider of technology solutions for the energy industry, has signed a global alliance agreement with Anadarko Petroleum Corporation to provide subsea systems and life-of-field services for their worldwide subsea development projects. In 1999, FMC supplied equipment for Ana
The Netherlands: Van Oord Takes Delivery of New Damen Multi Cat
On 30 November 2011, Van Oord performed the naming ceremony for its new Damen Multi Cat 3213 ‘Oceanus’. The Oceanus is the biggest Multi Cat ever built by Damen Shipyards and the first of its type. A sister vessel ‘Cronus’ is to be delivered April 2012, one month before the contractual delivery date