Business & Finance
Norway: Aker Solutions Acquires Well Technology Business from X3M
Aker Solutions has signed an agreement to acquire the well intervention technology business from X3M (pronounced “Extreme”) International. The acquisition will grow Aker Solutions’ well intervention technology and service portfolio worldwide as well as increase the company’s presence in the importan
Norway-based Aker Solutions Increases its Middle East Presence with X3M Acquisition
Aker Solutions has signed an agreement to acquire the well intervention technology business from X3M (pronounced “Extreme”) International. The acquisition will grow Aker Solutions’ well intervention technology and service portfolio worldwide as well as increase the company’s presence in the importan
Ten NOF Energy Members Win Piece of Regional Growth Fund (UK)
Ten NOF Energy members based in North East England have been successful in securing a proportion of the Government’s £950million Regional Growth Fund. NOF Energy is the business support organisation for oil, gas, nuclear and offshore renewables sectors. George Rafferty, Chief Executive of NOF Energy
UK: GeoAcoustics Appoints Francisco J. Gutierrez as Product Manager
On 1 November 2011 Francisco Gutierrez joins GeoAcoustics as Product Manager. His main responsibility will be to support the internal- and external salesteam. Francisco’s tasks are to prepare and execute product demonstrations, publish technical papers and support the GeoAcoustics product evolution
Cyprus: Deep Sea Supply Provides October Fleet Status Update
In October 2011 Deep Sea Supply`s AHTS fleet (all 12 AHTS Vessels) had an average gross income of approx. USD 19,600 per ship per day compared to USD 15,800 in September. The PSV fleet (all 8 PSVs) had an average gross income of approx. USD 20,000 per ship per day compared to USD 20,200 in […
Windreich Secures Funds for Global Tech I Offshore Wind Farm (Germany)
Willi Balz, Chief Executive Officer of the Windreich AG, has announced that the company has secured total project financing for its first offshore wind park Global Tech I and emphasizes, ‘With its 400 MW capacity, it is the first offshore project worldwide to obtain financing which directly brings t
UK: Sustainable Shipping Initiative’s Vision Signed
The Sustainable Shipping Initiative (SSI), a coalition of global companies including Wärtsilä, and NGOs spanning across the sector, announced on October 31 the signing of a 30-year vision to secure the industry’s future, as well as the start of a joint work programme to deliver long-term sustainabil
Narec Successful in Bid for Regional Growth Fund (UK)
Andrew Mill, CEO, The National Renewable Energy Centre (Narec): “With the support received from the Regional Growth Fund, Narec will help to sustain the UK’s leading position in the offshore wind sector by driving the commercial development of seven new innovative products or services. Narec will ma
Norway: Kværner Releases Third Quarter Results 2011
Kvaerner had operating revenues of NOK 2 623 million in the third quarter. Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to NOK 169 million, resulting in an EBITDA margin of 6.2 percent. “The third quarter has been a solid operational quarter, with financial results
NPD Grants Permit to Statoil for Drilling in Norwegian North Sea
The Norwegian Petroleum Directorate has granted Statoil AS a drilling permit for wellbore 2/4-21. Wellbore 2/4-21 will be drilled from the drilling facility Mærsk Gallant at position 56°42’00.81’’N and 3°8’34.31”E. The drilling program for wellbore 2/4-21 applies to drilling of a wildcat well in pro
UK: Tritech’s StarFish Range Proves Market Success
StarFish Seabed Imaging Systems, the shallow water sidescan sonar system from Tritech International, has proved a market success since its launch in 2007. Sales of the range have continued to rise since the launch of the original and ever popular, StarFish 450F. StarFish applications have included s
The Netherlands: Ahoy, HME Organise Special Green Route at Europort 2011
With increasing interest in sustainable shipping, Ahoy in cooperation with HME will organise for the second time in line a special Green Route at Europort 2011. An exclusive number of 48 ‘green’ companies that products/services that show demonstrable reduction in the environmental impact of ships ha
Norway: Farstad Cancels Agreement to Sell PSV Lady Christine
In press release of 4 July 2011 Farstad informed that Farstad Shipping ASA, through its wholly owned subsidiary P/R International Offshore Services ANS, had reached an agreement to sell the PSV vessel ‘Lady Christine’ (1985, ME 202, 2.368 DWT). Delivery of the vessel to the new owner was expected to
Norway: Emerson Process Management Becomes Partner in NCE Subsea
The World leading technology company, Emerson Process Management, has become a partner in NCE Subsea. – To us this is about increased visibility, but we also feel we have something to offer NCE Subsea, says Hege Forus, Information Manager at Roxar, which is owned by Emerson Process Management. This