Business & Finance
UK: Investors in People Awards Jee with Gold Status
Investors in People has recognised progress within subsea engineering firm Jee Ltd by awarding the independent company gold status. “This is brilliant news and a true endorsement of a lot of changes which have been implemented over the last 3 years to improve the business by developing and investing
Norway: Technip Secures Statoil PRS Contract Extension
Technip was awarded the options for a two-year extension of the Statoil PRS(1) Pool services frame contract to the latest possible completion date of 1st December 2014. The yearly revenue under the contract is expected to be in the range of €13-26 million. This contract covers maintenance and operat
France: CGGVeritas Announces Third Quarter Results
CGGVeritas announced its non-audited third quarter 2011 consolidated results. All comparisons are made on a year-on-year basis unless stated otherwise. Strengthening Financial Results *Group Revenue was $797 million, up 21% year-on-year and 6% sequentially. *Group Operating Income was $98 million, a
PNE WIND Disposes of all Rights to Nautilus II Offshore Wind Project (Germany)
Wind farm developer PNE WIND AG has sold all rights to the offshore wind farm project “Nautilus II” to SSP Technology Holding ApS. The offshore project is being planned in the North Sea and is still in the planning and approval phase. SSP Technology Holding ApS, a company of Ventizz Capital Funds IV
Trident Energy Teams up with Leading Electrical Engineering Research Organisation (UK)
Trident Energy, the independent developer of generator solutions for the offshore renewable energy industry, announced that it has signed a collaboration agreement with RenewNet, a world-leading electrical engineering research organisation. Trident Energy has developed a low cost, high reliability l
Greece: Paragon Shipping Enters into Time Charter Agreements for Two Panamax Vessels
Paragon Shipping Inc., a global shipping transportation company specializing in drybulk cargoes, announced that it has entered into fixed rate time charter agreements for two of its Panamax Vessels, M/V Kind Seas, and M/V Golden Seas with Mansel LTD, an entity fully owned and controlled by Vitol SA
UK: ITF Expects Hundreds O&G Professionals to Attend Aberdeen Technology Showcase
Oil and gas professionals are being urged to attend the ITF Annual Technology Showcase to get a glimpse of cutting-edge innovation and gain insight to potential new ways to solve industry problems. Exhibition space has sold out and there will be a wealth of solutions on show from subsea instrumentat
Hibernia and Huawei Complete First 100 Gbps Transatlantic Trial Between Canada and UK
Hibernia Atlantic, the only US owned, diverse transatlantic high bandwidth connectivity provider, Huawei, a leading global information and communications technology (ICT) solutions provider, and Huawei Marine, a global submarine solutions supplier, announce today they have successfully completed the
UK: SeeByte, CDL Compatibility for Better Navigation of Work Class ROVs
SeeByte, the global leader in creating smart software technology for unmanned systems, announced its compatibility with CDL Inertial Engineering of Aberdeen. SeeByte’s SeeTrack CoPilot system and CDL’s TOGS/NAV system are now fully compatible. This combination has created a truly efficient navigatio
Germany: European Officials Inaugurate Nord Stream Pipeline
The Nord Stream Pipeline became operational today and was hailed by political and business leaders as making a significant contribution to Europe’s long-term energy security. German Federal Chancellor Angela Merkel, Russian President Dmitry Medvedev, the Prime Ministers of France François Fillon and
Germany: European Leaders Officially Open Nord Stream Pipeline
The Nord Stream Pipeline became operational today and was hailed by political and business leaders as making a significant contribution to Europe’s long-term energy security. German Federal Chancellor Angela Merkel, Russian President Dmitry Medvedev, the Prime Ministers of France François Fillon and
UK: Ashtead Technology Announces Launch of New Integrated Technical Services Group
Subsea equipment rental specialist Ashtead Technology announces the launch of a new Integrated Technical Services Group as a key part of its strategic growth strategy. The launch of this diversified service offering will include enhanced capabilities for bespoke systems integration, equipment mainte
UK: Ashtead Technology Launches New Technical Services Group
Subsea equipment rental specialist Ashtead Technology announces the launch of a new Integrated Technical Services Group as a key part of its strategic growth strategy. The launch of this diversified service offering will include enhanced capabilities for bespoke systems integration, equipment mainte
UAE: ACI Offers Chance to Review Growing Threat at Sea
The 3rd Maritime Piracy and Security Conference organised by Active Communications International (ACI) on the 1st and 2nd February 2012 in Dubai, UAE will focus on the latest solutions to counter the ever-present threat of international piracy. The threat of piracy attacks is increasing. Geographica