Business & Finance
German Based BBC Chartering Announces Additional Trans-Atlantic Service
Leading German heavy lift shipping operator BBC Chartering announces the commencement of a new monthly liner service that connects loading ports in the Mediterranean with the East Coast of Latin America starting November/December 2011. With this step the company responds to the solid demand it encou
Russia: PF to Hold Launching Ceremony of Hydrographic Ship Valery Faleyev
Solemn launching ceremony of Pacific Fleet (PF) hydrographic ship Valery Faleyev will be held on Nov 12 in the Maly Uliss Bay, Vladivostok. The new ship is designed for oceanographic researches for Pacific Fleet, reports Russian defense ministry’s press service. The ship’s launching will coincide wi
Ventizz’s Firm Takes Over North Sea Offshore Wind Farm (Germany)
The Danish firm SSP Technologies Holding ApS, a portfolio company of Ventizz Capital Fund IV, LP (“Ventizz IV”), has ended a legal dispute with PNE Wind AG via an amicable settlement. The dispute, which began in 2009, was in relation to the acquisition of the Danish rotor blade specialist SSP in 200
UK: Shell Expert Becomes Keynote Speaker at SPE ICoTA European Well Intervention Conference
Energy experts will gather next week at the 17th SPE ICoTA European Well Intervention Conference to discuss the important role innovative technology has in the future of the North Sea. Stuart Brown, Shell’s Global Well Intervention Discipline Lead, is a keynote speaker at the event. Mr Brown has spe
The Netherlands: VPI to Supply Cable Hang-off Systems for Offshore Wind Farm
Vos Prodect Innovations B.V. has been awarded an order by Norddeutsche Seekabelwerke GmbH (NSW), for the supply of Cable Hang-off Systems for an offshore wind farm project in the North Sea. Vos Prodect has carried an intensive development program to launch the best system to meet the technical & com
Spain: Repsol Upstream Unit’s Income Rises 15.7 pct
Repsol posted net income of 1.901 billion euros in the first nine months of 2011, 6.4% higher than the 1.786 billion euros reported in the year-earlier period. The group’s operating income totalled 4.102 billion euros, 1% higher than that recorded in September 2010. The company’s encouraging results
Farstad Secures Charters in UK and Brazil
Farstad Shipping has been awarded the following charter contracts: AHTS Far Scout (2001, UT 722L, 18.700 BHP) has been contracted by Petrobras in Brasil for a 2 year firm contract. In the North Sea Peterson has exercised another 1 year option for PSV Far Splendour (2003, P 106, 3.503 DWT). Total val
Investec Completes USD 7.5 M Deal with Sea Fibre for Subsea Cable Between UK and Ireland
Investec Project and Infrastructure Finance, (‘Investec’), part of Investec Bank plc. has recently completed a new senior debt facility for… (Angel News) [mappress] Source: Angel News, November 10, 2011
France: BOURBON Announces Growth in Revenues in Third Quarter
BOURBON announces revenue up + 17% over 9 months in line with the objectives of the 2015 Leadership Strategy. Significant increase in daily rates in the quarter follows previous quarter’s upturn in utilization rates. ““In a favorable oil & gas environment. the price per barrel of Brent (113 US$ over
BG , COPL Find Oil at Esperanza Prospect in UK North Sea
Canadian Overseas Petroleum Limited has made an oil discovery at its Esperanza exploration prospect located in Block 22/15 of the UK Central North Sea. Block 22/15 is a Second Round license. The 22/15-4 well, operated by BG Group (“BG”), was drilled by the Ocean Nomad semi-submersible drilling rig t
EIB Considers Raising Loan Price for Renewable Energy Projects (Luxembourg)
The European Investment Bank may raise the price of loans to renewable energy projects to bolster capital as demand for funds rises, the bank’s climate chief said. “You could say that this year’s projects have to pay a bit more for next year’s borrowers, but it all goes back into the business,” Chri
EIB Considers Raising Loan Price for Renewable Energy Projects (Luxembourg)
The European Investment Bank may raise the price of loans to renewable energy projects to bolster capital as demand for funds rises, the bank’s climate chief said. “You could say that this year’s projects have to pay a bit more for next year’s borrowers, but it all goes back into the business,” Chri
Germany: MAN Diesel & Turbo Lands First Order for EGR System
MAN Diesel & Turbo has announced the first order for its second- generation EGR system, to be applied aboard a Maersk Line container vessel – the 4,500-teu new building #2358. The system will be fully integrated with the vessel’s main engine, a two-stroke MAN B&W 6S80ME-C9 type to be built by Hyunda
Norway: OceanSaver Delivers First DNV Approved Retrofit Installation of BWT System
OceanSaver has supplied and commissioned its first ballast water treatment system to gain classification society DNV’s approval as a retrofit installation. The project was completed over the summer of 2011 on the car carrier Höegh Trove, operated by Höegh Autoliners and managed by Höegh Fleet Servic