Business & Finance
The Netherlands: Fugro GRL’s DeepWorks Simulates Frictional Forces on Subsea Bodies
Fugro GRL’s DeepWorks simulator now allows users to model friction acting on dynamic bodies like cables and ROVs when they come into contact with each other or with the seabed. This adds realism to subsea simulations. Friction is an important component in forecasting the behaviour of both moving and
The Netherlands: Lankhorst Mouldings and RiserTec Join Forces to Develop Dynamic Bend Stiffeners
Offshore engineering specialist, Lankhorst Mouldings and independent engineering design consultancy, RiserTec have announced a co-operation… SubseaUK [mappress] Source: SubseaUK, October 25 , 2011;
Norway: New Executive Vice President of Havyard Power & Systems Appointed
The 40-year-old from Lepsøy in the municipality of Haram, is taking over the role as Executive Vice President of Havyard Power & Systems after Tor Leif Mongstad who is starting in a new position within the Herøy-based company Havyard Group AS. Bakke is thus taking over a Havyard company experiencing
Nexans to Supply URC-1 Cable to Emerald Bridge for its UK-Ireland Connection
Nexans, a worldwide leading expert in the cable industry, has been awarded a contract to supply 130 kilometres of URC-1 cable to Emerald Bridge Fibres Ltd. (Emerald Bridge). Emerald Bridge is a joint venture between UK fibre network provider Geo Networks Ltd. (Geo) and Ireland’s leading telecom prov
PGNiG Acquires Nexen’s Interest in PL558 Offshore Norway
The Management Board of Polskie Górnictwo Naftowe i Gazownictwo SA (“PGNiG”) reports that its subsidiary company PGNiG Norway AS (“PGNiG Nor… Source: 4-traders [mappress] Source: 4-traders , October 25, 2011;
UK: Pole Star Launches New Fleet Management Functionality Tool
Pole Star Space Applications, the leading provider of fleet management, ship security and asset monitoring solutions, has launched Industry Zones, adding a new layer of safety and security functionality to its Fleet Management and SSAS Alert Advanced products. Industry Zones enables Pole Star users
Norway: Johan Bakke Becomes New Head of Havyard Power & Systems AS
The 40-year-old from Lepsøy in the municipality of Haram, is taking over the role as Executive Vice President of Havyard Power & Systems after Tor Leif Mongstad who is starting in a new position within the Herøy-based company Havyard Group AS. Bakke is thus taking over a Havyard company experiencing
UK: BG Group 3Q Profit Up 17 pct Year-on-Year
BG Group today announced revenue and other operating income increased by 21% to $5 397 million, reflecting the benefit of higher realised prices and a 1% increase in E&P production volumes. As a result of the above, total operating profit increased by 17% to $1 943 million. Cash generated by operati
The Netherlands: Voith Receives Thrusters Order from Koninklijke De Vries
Voith has received an order for a number of bow thrusters and retractable stern thrusters from Koninklijke De Vries, a division of Feadship. The bow and stern thrusters are for various new buildings which are being built at their yards in Aalsmeer and Makkum. Koninklijke De Vries has ordered a total
UK: Brian Gilvary New BP CFO
The board of BP plc today announced that Brian Gilvary will join the board and become the company’s chief financial officer (CFO) with effect from 1 January 2012. Byron Grote, the current CFO, will take up a new role as executive vice president, corporate business activities, on the same date. Dr Gr
The Netherlands: IDRECO Hands Over Knappheide Dredger to Teunesen Group
IDRECO delivered the Knappheide dredger for the Teunesen Group. This dredger contains the latest trends. The ladder is equipped with an IDRECO 350 pump driven by a 500 kW frequency controlled electric engine. The ship can operate on a depth of 27 meter with a production of 600 tons per hour. The cab
The Netherlands: Idreco Delivers Dredger “Idreco I”
Last week Idreco delivered the dredger ‘Idreco I’ at Kaspar Weiss for a ten-year dredging project. The suction dredger, type ISD 300, has a suction depth of 24 meters and a capacity of 300 tons of solids per hour. Specially designed for automated control, system can be fitted with Dredger Control, r
Ukraine: PJSC Kherson Shipyard Lays Keel of First Product Tanker for SVL
On 21 October at the slip of PJSC Kherson shipyard keel laying of the first product tanker of a series, project RST27, for SVL group of companies, Malta, took place. The ship design has been developed by the Marine Engineering Bureau (Odessa). Tanker is designed for mixed (river-sea) carriage of bul
UK: BP Reaches a Definite Turning Point, CEO Says
As BP announced its financial results for the third quarter of 2011 group chief executive Bob Dudley today set out more details on BP’s future direction and strategic priorities, saying the company had reached a clear turning point. Progress made through 2011 in reshaping and focussing the company i