Business & Finance
SSE Publishes Half Year Results (UK)
SSE plc has announced their half year results for the six months to September 2011. Lord Smith of Kelvin, Chairman of SSE, said: “There is no doubt that 2011 has been characterised by turmoil in the global energy markets, economic uncertainty across much of the world and widespread concern about the
UK: SeaHold GEOSHIPS to Receive New Offshore Vessels
SeaHold GEOSHIPS Ltd, specialists in marine and subsea services, has expanded its fleet of multi purpose offshore vessels. The two new vessels ‘Loch Erisort’ and ‘Loch Roag’ brings the Aberdeen-based firm’s fleet up to three, whilst also signifying a US$140 million in additional financial commitment
UK: SeaHold GEOSHIPS Expects Delivery of Two New Offshore Support Vessels
SeaHold GEOSHIPS Ltd, specialists in marine and subsea services, has expanded its fleet of multi purpose offshore vessels. The two new vessels ‘Loch Erisort’ and ‘Loch Roag’ brings the Aberdeen-based firm’s fleet up to three, whilst also signifying a US$140 million in additional financial commitment
UK: SeaHold GEOSHIPS Expands its Fleet of Multi Purpose Offshore Vessels
SeaHold GEOSHIPS Ltd, specialists in marine and subsea services, has expanded its fleet of multi purpose offshore vessels. The two new vessels ‘Loch Erisort’ and ‘Loch Roag’ brings the Aberdeen-based firm’s fleet up to three, whilst also signifying a US$140 million in additional financial commitment
Alu Marine Starts Construction of Double-ended Ferry for Rotterdam, The Netherlands
The Alu Marine shipyard is currently starting the construction of a new passenger boat for Rotterdam, Netherlands, for which they won the contract after a European tender. This double-ended ferry will transport passengers in Dordrecht, Netherlands, between the two banks of the «Vieille Meuse» and th
Norway: Maritime Partner’s Boat Saves Container Ship
RS Simrad Buholmen, one of NSSR rescue boats, did an amazing job by preventing the much larger container ship “Pioneer Bay” to run aground. A container ship with 12 crew on board was only 20 meters from the grounding of Vågsfjorden in Sogn and Fjordane on Friday. Simrad Buholmen, the smallest of the
PSA Norway Conducts Audit on Hammerfest LNG
From 20-23 September 2011, the Petroleum Safety Authority Norway (PSA) carried out an audit activity of Hammerfest LNG, Statoil, where they followed up major accident risk, the company’s own follow-up and operation of onshore facilities, pipelines and subsea facilities. Objective The objective of t
Croatia: Uljanik Shipyard Launches Two Vessels Build for United Shipping Services
Friday 28th October was a day filled with events starting with the delivery and signing of delivery documents for yard 488 “Veruda” constructed by ULJANIK Shipyard for United Shipping Services, which is Uljanik Plovidba. The commissioning documents were signed by Marinko Brgić, President of the Mana
Subsea UK Puts Integrity at Forefront of Subsea Europe
Subsea organisations must avoid catastrophic events by ensuring all aspects of subsea equipment integrity are addressed at the design stage. This is the message that will be relayed at a Subsea UK event to be held at the Hilton Paris La Defense in the French capital on 14 and 15 November. Industry l
Norway: Bergen Group’s 3Q Offshore Turnover Doubles
In this year’s third quarter, Bergen Group had a turnover of NOK 822 million and an operating profit of NOK 53 million before depreciation and amortisation (EBITDA). The numbers are mainly characterised by strong results from the corporation’s offshore activities, which have doubled the turnover so
Norway: October Oil Production Higher than Predicted
Norwegian Petroleum Directorate today reported preliminary production figures for October 2011. They indicate an average daily production of about 2 022 000 barrels of oil, NGL and condensate. This is an increase of 107 000 barrels compared to September. Gas production was about 8.2 billion Sm3, whi
UK: Falmouth Bay to Host Wave Energy Test Site
Falmouth Harbour Commissioners (FHC) and The Crown Estate have signed a lease to create FabTest, a new wave energy ‘nursery’ test site inFalmouth Bay on the south coast of Cornwall. The site has also been issued with a marine license by the Marine Management Organisation (MMO), which allows the moor
Denmark: Maersk Group’s Businesses in 3rd Q Performed Well and Delivered Good Returns
The Group’s profit was USD 371m (USD 1,671m) and return on invested capital (ROIC) was 4.8% (15.7%). Cash flow from operating activities was USD 2.1bn (USD 3.0bn). The majority of the Group’s businesses performed well and delivered good returns. The Group’s container and tanker activities continued
Maersk Oil Spuds T-Rex Prospect in Norwegian Sea
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, announces that drilling has commenced on the T-Rex prospect (Faroe 30%), located in the Norwegian Sea. The T-Rex prospect