Business & Finance
Greece: Paragon Shipping Sells Drybulk Handymax Vessel
Paragon Shipping Inc., a global shipping transportation company specializing in dry cargoes, agreed to sell to an unaffiliated third party its 1995-built drybulk handymax vessel, of 43,222 dwt, M/V CRYSTAL SEAS, for a gross price of $14 million. The vessel is scheduled to be delivered to her new own
Norway: Statoil Seeks Buyers for Huldra Platform
The Huldra field is being depleted. What’s left is a fully adequate and solid platform. Any buyers? Must a platform be scrapped after use? Couldn’t it be moved to a new area? The Huldra platform has been producing in the North Sea since 2001, and is still a modern platform with many possibilities. T
The Netherlands Strongly Represented at Europort 2011
It is the most important international maritime Trade show of the Netherlands, Europort 2011. Dutch companies have never before presented themselves as such a strong collective. 42 companies participate in one of the two Maritime by Holland Pavilions, another 7 companies showcase their innovations o
Norway: Teekay Buying Sevan FPSOs for USD 823 Million
Teekay Corp , a marine crude oil and petroleum product transporter, will spend up to $823 million to buy three floating production storage a… Source: Reuters [mappress] Source: Reuters, October 19, 2011;
France: Shift Taking Place in Energy Industry, Says Petrobras CEO
Petrobras CEO, José Sergio Gabrielli de Azevedo, said that Brazil will be one of the main contributors to the increase of oil supply in the global market and stressed that demand continues to increase in developing nations. This Tuesday (Oct 18) Mr. Gabrielli took part in a ministerial meeting organ
UK: IHC EB Wins Engineering Team of the Year Award
Leading North East Engineering company IHC Engineering Business (IHC EB) has been named Design Team of the Year 2011 by the British Engineering Excellence Awards (BEEA). At the ceremony held on October 13 at the Shakespeare Globe Theatre, London, IHC EB was highly commended by the judges for the tea
IHC EB Wins Design Team of Year 2011 Award (UK)
Leading North East Engineering company IHC Engineering Business (IHC EB) has been named Design Team of the Year 2011 by the British Engineering Excellence Awards (BEEA). At the ceremony held on October 13 at the Shakespeare Globe Theatre, London, IHC EB was highly commended by the judges for the tea
Norway: Faroe Petroleum’s Butch Prospect Successful
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, yesterday reported an oil discovery in well 8/10‐4S on the Butch prospect (Faroe 15%) located in the Norwegian North Sea.
Norway: Aker BioMarine Acquires Krill-specialized Vessel Thorshøvdi
Aker BioMarine has entered into an agreement with Krillsea Group AS to acquire the vessel Thorshøvdi for approximately NOK 138.9 million. As part of the agreement, all creditors of Krillsea Group AS with first, second, or third priority mortgage in the vessel has agreed to release such security. The
Shipyard De Hoop Continues Assembly of SBBA (The Netherlands)
The assembly for the Single Block Barge Accommodation (SBBA) for Global Marine is in full swing at De Hoop Lobith. The block will be transported to Rotterdam in December where it will be fitted on the barge Smit Anambas, which is being converted into a cable lay barge. Shipyard De Hoop has a history
UKHO Chief Executive Mike Robinson to Step Down (UK)
The UKHO announced that Mike Robinson is stepping down from his role as Chief Executive following five successful years at the head of the organisation. Ian Moncrieff, currently Chief Operating Officer and former UK National Hydrographer, will assume the role of Chief Executive with immediate effect
Norway: Bergen Group to Provide Storage Services for Octabuoy Platform Hull
Bergen Group Offshore, through its subsidiary Bergen Group Hanøytangen AS, has received a contract from Bluewater Industries in Houston for the storage of the ATP Oil & Gas Corporation hull for the new Octabuoy platform to be installed on the Cheviot Field in the UK-sector of the North Sea. The hull
UK: South Boats Secures Order for Two Wind Farm Support Vessels
South Boats Special Projects Ltd. and Offshore Wind Services BV announce the two companies have signed a contract for the construction of a pair of South Catamaran 19m Wind Farm Support Vessels. The two craft will be built at South Boats’ new facility in East Cowes and will be delivered in March and
Antrim Provides Update on Drilling Schedule in Fyne Area, Offshore UK
Antrim expects to commence drilling on the “Erne” exploration prospect (Antrim 50%, operator) in the Greater Fyne Area once the WilPhoenix rig has completed its current operations with another exploration company on a well West of Shetland. Following the completion of the Erne well, the rig will mov