Business & Finance
Agreement on Compensation for Loss of Earnings from Fishing (Denmark)
DONG Energy has signed an agreement with the Danish Fishermen’s Association on compensation for loss of earnings from fishing in connection with the construction of Anholt Offshore Wind Farm. The working area will be cordoned off for unauthorised persons during the construction, and there will be no
Norway: Ulmatec Introduces New Baro DefCon System
The introduction of the new Baro DefCon System for remote control of Barovane seismic deflectors makes it possible for clients to pursue marine seismic acquisition over a larger area in less time. Conservative estimates already indicate savings of some 600 tonnes of fuel per year for a seismic surve
DONG Energy Announces Restrictions on Access to Anholt Offshore Wind Farm (Denmark)
As of 1 November 2011, the naval authorities have formally approved the area around Anholt Offshore Wind Farm to be a ‘restricted area at sea’. This means that as of 1 November 2011, fishing and navigation, anchoring, diving and works at the seabed, which are not related to the construction of the w
UK: Premier to Buy Encore Oil for USD 340 Million
British oil producer Premier Oil is to buy North Sea-focused Encore Oil for 221 million pounds ($340 million), continuing its strategy of… By Tom Bergin (Reuters) [mappress] Source:Reuters , October 5, 2011;
Minesto’s Underwater Kites Could Become New Energy Solution (Sweden)
Solar and wind power both represent solid energy solutions as we work toward a clean energy future. Unfortunately, they share one major … By Justin Fritz (wallstreetdaily) [mappress] Source: wallstreetdaily, October 05 , 2011;
Denmark: DONG Energy Removes Seabed Stones from Anholt Offshore Wind Farm Site
DONG Energy’s detailed seabed investigations have documented that there are about 5,000 stones at positions, which may cause problems for the wind turbine and cable installation. The stones will be removed and placed in a number of artificial reefs within the 88km2 large wind farm area. Stone fishin
Russia: MNP Group’s Shipyard Secures Contract to Build Five Products Carriers
MNP Group’s Krasnoye Sormovo Shipyard and Volga-Balt Tanker (a Volga-Fleet Tanker subsidiary, part of UCLH) have signed a new contract for… (PortNews) [mappress] Source: PortNews, October 5, 2011;
Management Team Acquires Tekmar Energy (UK)
A fast growing marine engineering firm has been bought-out by its management team… By Owen McAteer (thenorthernecho) [mappress] Source: thenorthernecho, October 05 , 2011;
Denmark: Maersk Expects More Vessels to Cut Speed for Fuel
A.P. Moller-Maersk A/S, the world’s largest owner of ships that carry manufactured goods, expects more vessels to cut speeds after it… By Isaac Arnsdorf (Bloomberg) [mappress] Source: Bloomberg, October 5, 2011
Dockwise to Transport Bigfoot Rig from South Korea to USA
Dockwise today announces new contract wins and variation orders, revised payment terms for the Vanguard, and advances from certain clients. These factors, taken together, will materially improve the company’s cash flows and working capital in 2011 and 2012. New contracts and variation orders New con
UK: Hamworthy Buys Valve Specialist AW Flow
Hamworthy, a world leader in the design and manufacture of innovative marine and offshore fluid handling systems, announces that it has acquired 100 per cent of the issued share capital of AW Flow Holdings Limited (“AW Flow”) and its subsidiary undertakings, a UK based specialist valve manufacturer
China: COSCO Delivers Bulk Carrier ‘POS TANSANIT’ to European Buyer
COSCO (Zhoushan) Shipyard Co, a subsidiary of the Company’s 51% owned COSCO Shipyard Group Co., Ltd has delivered a bulk carrier of 92500DWT, “POS TANSANIT” to its European buyer. The delivery documents were signed by and between COSCO Zhoushan and the buyer on 28 September 2011. The bulk carrier me
Norway: North Energy Updates on Heilo Well
North Energy has completed drilling of the two main reservoirs and one of the secondary targets in the Heilo well in PL 530 in the Barents Sea. The well has not encountered hydrocarbons. The well will now continue drilling to planned total depth in the Havert Formation, testing possible deeper targe
BSEE Director Delivers Remarks at IRF 2011 Global Offshore Safety Summit Conference (Norway)
Bureau of Safety and Environmental Enforcement (BSEE) Director Michael R. Bromwich delivered remarks at the International Regulators Forum (IRF) 2011 Global Offshore Safety Summit Conference in Stavanger, Norway. The IRF is a group of nine offshore upstream health and safety regulators from eight co