Business & Finance
IHC Merwede Sets Sight on Future Expansion (The Netherlands)
A decision has been made to maintain the current shareholder structure at IHC Merwede. The IHC Merwede Supervisory Board – in addition to all of the current shareholders – is comfortable with the financial strength of the company for the next year. With the support of JP Morgan and Rabobank M&A, IHC
Norway: Island Offshore Charters Two Vessels to Schlumberger
Island Offshore, a provider of high quality solutions for the offshore oil industry based on a fleet of advanced high quality service and subsea service vessels, recently secured a 7 year contract from Schlumberger. The contract is for two of its recently christened vessels, Island Centurion and Isl
The Netherlands: VSTEP’s NAUTIS Maritime Simulator Receive DNV Certification
VSTEP announces that NAUTIS Full Mission Bridge Simulator received the Class A certification from Det Norske Veritas AS (DNV). The NAUTIS simulators are now qualified to operate as fully-certified maritime training simulators with any maritime training school worldwide. With the certification, VSTEP
UK: Premier Oil Shifts Focus to North Sea After Success in Asia
Premier Oil, a growing oil and gas exploration and production company with interests in eight countries around the world today announced its Interim Management Statement for the period to 15 November 2011. Premier’s two significant Asian developments are now onstream. Chim Sáo field offshore Vietnam
Elia Publishes Interim Statement Q3 2011 (Belgium)
As reported in the 2011 half-yearly results, Elia is unable to give any concrete profit forecasts since the annual result is dependent upon parameters that will either not be known until the end of 2011 (such as the inflation figure for December 2011) or else can only be calculated at that time (e.g
TAQA Bratani to Buy Stake in Cladhan Area, Offshore UK
TAQA Bratani Limited , the UK subsidiary of Abu Dhabi National Energy Company PJSC, has agreed to purchase from Premier Oil plc (“Premier”) certain assets that Premier will acquire following completion of its acquisition of Encore Oil plc. Under the agreement, TAQA will acquire a 16.6% per cent work
Finland: Halton Marine to Deliver First M.A.R.V.E.L. System for Cruise Ship
Halton Marine will deliver, the first M.A.R.V.E.L. system for a major cruise ship, in 2012. Halton M.A.R.V.E.L. is the first truly intelligent, responsive, and completely flexible demand-controlled ventilation (DCV) system specifically designed for Halton hoods. Compared to traditional hoods, the Ha
The Netherlands: IHC Merwede Sees Bright Future
A decision has been made to maintain the current shareholder structure at IHC Merwede. The IHC Merwede Supervisory Board – in addition to all of the current shareholders – is comfortable with the financial strength of the company for the next year. With the support of JP Morgan and Rabobank M&A, IHC
Russia: CF Receives New Project 705B Harbor Tug RB-10
In accordance with state rearmament program, Caspian Flotilla (CF) received new Project 705B harbor tug RB-10 developed by JSC Vympel Design Bureau (Nizhny Novgorod) and built by Astrakhan Shipyard, affiliate of JSC Zvezdochka Ship Repair Center. First tug of this project joined Caspian Flotilla in
UK: We Must Protect Crews from Horrors of Piracy, Says President of InterManager
The “horrors” of piracy have dominated the first year of Meridian Marine Management Managing Director Alastair Evitt’s first year in his role as President of InterManager, the international trade association for the shipmanagement industry. Summing up his first year representing the world’s third-pa
Russia Ready to Invest into German Power Plants
Taking advantage of the positive background of opening of gas pipeline Nord Stream and the statement of German Chancellor Angela… (abc) [mappress] Source: abc, November 15, 2011
Michael King Becomes UK Operations Director at Swire Oilfield Services
Michael King has been appointed as new UK operations director at Swire Oilfield Services, the leading global provider of offshore cargo carrying units and associated services. In his new role, Mr. King will ensure that the operational capability is fully developed, supported and resourced to provide
GO Completes Undersea Cable Repairs Between Malta and Sicily
GO announces that the submarine cable damaged by third parties on the 5th November has been completely repaired, following round-the-clock efforts by a specialised repair vessel, which is contracted on a standby-basis for such emergencies. The incident is now in the hands of international authoritie
UK: BG Group Makes Changes to its Board as Part of Succession Process
BG Group, a world leader in natural gas, announced today changes to its Board and Group Executive Committee (GEC). These changes, effective immediately, will ensure BG Group continues to deliver its growth plans and will enhance succession planning at the Executive level. • Chris Finlayson will beco