Business & Finance
Russia: New Container Line Comes to VSC Terminal
AC-3 – a new regular ocean container line of Maersk – launched a service to the container terminal Vostochnaya Stevedoring Company LLC (a Global Ports group company). The first vessel to call at the VSC terminal was a 4,389 TEU Maersk Drammen. For convenience of the customers, the VostochnyPort has
USA: N.E.I. Treatment Systems to Provide BWTS for Two Sovcomflot Carriers
N.E.I. Treatment Systems announced today the receipt of its first order from Bohai Shipbuilding Heavy Industry for two Venturi Oxygen Stripping(TM) (VOS) Ballast Water Treatment Systems (BWTS) to be installed aboard two 320,000 DWT VLCCs being built for Sovcomflot. Bohai is a subsidiary of the China
Norway: 2nd Avaldsnes Appraisal Well Confirms Field Extension, Lundin Petroleum Says
Lundin Petroleum AB (Lundin Petroleum) announced today that the second appraisal well, 16/2-7, has confirmed the extension of the Avaldsnes field approximately 5.5 kilometres south of the 16/2-6 discovery well and 4.5 kilometres south-west of the first appraisal well 16/3-4. The Avaldsnes field is l
GulfMark Offshore Initiates PSV Building Program in Poland
GulfMark Offshore, Inc. today announced the initiation of a vessel construction program. The first three vessels in the program will be built by Remontowa Shipbuilding SA in Gdansk, Poland, and consists of two 1000 square meter deck area platform supply vessels of the MMC887CD design and one MMC879C
Bourbon Releases First Half 2011 Results (France)
Bourbon released solid first half results with significant recovery in activity: +18.8%,sharp increase in EBITDA (+19.3% sequentially) to 142.1 million euros,net loss,group share of 21.4 million euros owing to the change in the dollar exchange rates, generating 30.5 million euros in net financial ex
Norway: EMGS to Acquire OHM Surveys Holding
Electromagnetic Geoservices ASA (EMGS) has entered into an agreement to acquire OHM Surveys Holding AS (OHM), a marine electromagnetic (EM) acquisition company, from certain funds controlled by Sector Asset Management and Seatrans Group (Euro Trans Skips AS) for USD 15.75 million in a stock-for-stoc
UK: Northern Appoints Non Executive Director
Northern announced today the appointment to the Board, with immediate effect, of Dr Rex William Gaisford CBE as a new Non Executive Director of the Company. Rex, aged 70, has worked in oil and gas businesses worldwide for over 35 years. During his career to date he has been CEO, MD, director, projec
The Netherlands: Naming and Launch Ceremony of TSHD Chang Jiang Kou 01 Scheduled for September
IHC Merwede B.V. announces that it will hold naming and launch ceremony of the trailing suction hopper dredger, CHANG JIANG KOU 01, on Saturday 10 September 2011. The ship is being built for Yangtze Estuary Waterway Administration Bureau MOT at the IHC Dredgers yard, Smitweg 6, 2960 AA Kinderdijk, T
Russia: Rosneft, ExxonMobil Team Up in Oil Hunt
Rosneft and ExxonMobil have executed a Strategic Cooperation Agreement under which the companies plan to undertake joint exploration and development of hydrocarbon resources in Russia, the United States and other countries throughout the world, and commence technology and expertise sharing activitie
Norway: Solstad Offshore Signs Contract with Ocean Installer for Offshore CSV ‘Normand Clipper’
Solstad Offshore ASA has signed a contract with Ocean Installer AS for hire of SOFF’s offshore construction vessel (CSV) “Normand Clipper”. The duration of the contract is firm for 5 years with further 5 x 1 year option. Commencement is expected to be during second quarter of 2012. The contract valu
The Netherlands: Naming and Launch Ceremony of TSHD Chang Jiang Kou 01 Scheduled for September
IHC Merwede B.V. announces that it will hold naming and launch ceremony of the trailing suction hopper dredger, CHANG JIANG KOU 01, on Saturday 10 September 2011. The ship is being built for Yangtze Estuary Waterway Administration Bureau MOT at the IHC Dredgers yard, Smitweg 6, 2960 AA Kinderdijk, T
The Netherlands: Typhoon Offshore and HVC Acquire 600MW Offshore Wind Farm from BARD
Typhoon Offshore, the green investment company, and HVC, the Alkmaar-based energy provider to municipalities and water districts, have acquired from BARD Holding GmbH the 600MW wind farm that will be constructed in the North Sea, 55 kilometers North East of Schiermonnikoog. With this acquisition, th
Norway: BW Offshore Posts Solid 2Q Results
BW Offshore reports an EBITDA of USD 86.9 million in the second quarter of 2011 compared to USD 75.6 million in the previous quarter. Adjusted for currency hedges, the EBITDA in Q2 2011 was USD 93.4 million. The increase is mainly due to the contribution from the FPSO BW Pioneer. Including ongoing c
Norway: SOFF Secures Contract for Normand Clipper CSV
Solstad Offshore ASA (SOFF) has signed a contract with Ocean Installer AS (OI.II) for hire of SOFF’s offshore construction vessel (CSV) “Normand Clipper”. The duration of the contract is firm for 5 years with further 5 x 1 year option. Commencement is expected to be during second quarter of 2012. Th