Business & Finance
Italy: Saipem Merger to Become Effective January 2012
Saipem announces that the merger agreement incorporating Saipem Energy Services into Saipem S.p.A. has been filed at the relevant business register. Saipem Energy Services offers engineering and project management services in addition to FPSO (Floating, Production Storage and Offloading) business ma
Norway: Bourbon Offshore Secures Two Charter Extensions
AHTS Bourbon Crown has been extended with charterer Exxon Angola for two months. The current contract will then expire at the end of this year. In Norway, Statoil has exercised their first monthly option on PSV Bourbon Sapphire. The vessel is then firm until early January. BOURBON OFFSHORE NORWAY AS
Norway: OCTIO Assesses CO2 Monitoring Storage Under Seabed for CLIMIT
Octio will do a pilot project to assess the permanent monitoring of CO2 storage under the seabed for CLIMIT. CLIMIT is a program to encourage commercial development of technology for capturing and storing CO2; administered jointly by Gassnova and the Norwegian Research Council. When CO2 is stored un
Germany: Nordic Yards Brings HelWin Alpha Offshore Platform to Dock at Wismar Yard
Nordic Yards, manufacturer of technologically sophisticated and innovative special ships and maritime structures, brings the HelWin alpha offshore platform to dock at its Wismar yard. The self-erecting transformer platform is being built for Siemens Energy in separate sections at Wismar and Warnemün
Bourbon Offshore Secures Contract Extensions in Angola and Norway
AHTS Bourbon Crown has been extended with charterer Exxon Angola for two months. The current contract will then expire at the end of this year. In Norway, Statoil has exercised their first monthly option on PSV Bourbon Sapphire. The vessel is then firm until early January. BOURBON OFFSHORE NORWAY AS
UK: Mike Caraher Joins Osiris Projects as Project Manager
Mike Caraher is a surveyor with 13 years experience, latterly working at director level in the offshore and coastal surveying environment. Mike has enjoyed a long-standing relationship with Osiris Projects, originally working on a variety of coastal survey projects as a specialist sub-contractor. Os
Norway: Bergen Group to Dismantle Deck Cranes at Gullfaks Platforms
Bergen Group Offshore has, through its subsidiary Bergen Group Rosenberg AS, been awarded an EPCIc-contract by Statoil with an estimated value of approximately 30 MNOK. The EPCIc-contract (Engineering, Procurement, Construction, Installation and Commissioning) includes dismantling of permanent deck
Germany: Shipyard Ferus Smit Delivers Wagenborg’s Vessel MV Finnborg
On November 3rd, Shipyard Ferus Smit delivered vessel under the yard-number 395 to Royal Wagenborg. The ship, trading under the name Finnborg, is the fifth in a series of six ice-class 1A, nozzle equipped, 14.600 ton vessels the yard is building for Wagenborg. The first ship of this series is the MV
Norway: Total, Statoil in Asset Swap Deal
Statoil increases its equity in the Valemon project through an asset swap with Total. Statoil and Total E&P Norge AS have signed a sales and purchase agreement whereby Statoil acquires Total’s full share in the Valemon unit, 2.5% (5% in PL193B and carve-out of PL193) for a transfer of a 2.0% share i
Norway: Statoil Beefs Up Stake in Snohvit
Statoil has signed an agreement to acquire Hess’ 3.26% ownership in the Barents Sea Snøhvit Unit and adjacent production licences. Statoil acquires Hess’ 11.25% participation interest in PL097 and 8.33% participation interest in PL110 together constituting a 3.26% participation interest in the Snøhv
UK: Mooring Systems Launches New Mobile Spooler
Mooring Systems Ltd has launched what is believed to be the most adaptable offshore, mobile spooler of its kind in the UK, that will offer significant advantages for clients operating in the oil and gas and the renewables markets. The spooler, which was designed and built by Caley Ocean Systems at E
UK: Mooring Systems Launches Top-Notch Mobile Spooler
Mooring Systems Ltd has launched what is believed to be the most adaptable offshore, mobile spooler of its kind in the UK, that will offer significant advantages for clients operating in the oil and gas and the renewables markets. The spooler, which was designed and built by Caley Ocean Systems at E
Turkey: Larger Vessels to Impact on Mediterranean Port Growth
Addressing the 4th Annual Med Freight Conference, APM Terminals Director of Port Investments for Europe and the Mediterranean, John Trenchard cited both long-term demographic trends and the expected introduction of larger vessels into regional Mediterranean trades as driving factors of port developm
Turkey: Official Expects Introduction of Larger Vessels into Mediterranean Trades
Addressing the 4th Annual Med Freight Conference, APM Terminals Director of Port Investments for Europe and the Mediterranean, John Trenchard cited both long-term demographic trends and the expected introduction of larger vessels into regional Mediterranean trades as driving factors of port developm