Business & Finance
Denmark: Chellsea Takes Over PSV Durga Devi from Niels Winther
Last weekend the platform supply vessel Durga Devi (ex VOS Prevail) was taken over by the Singapore-based ship owner Chellsea Pte Ltd in the port of Esbjerg. Niels Winther acted as owner’s agent and handled the local formalities. In addition to this, a ceremony in connection with the handover of the
ESL Shipping Receives New Self-unloading Dry Cargo Ship in India
ESL Shipping Ltd has taken delivery of a new, approximately 20,000 dwt vessel from ABG Shipyard Ltd in India. The vessel is owned by SEB Leasing Oy, which has chartered her to us under a long-term agreement. Designed to meet the needs of ESL Shipping’s customers, the new vessel is a self-unloading d
Denmark: Chellsea Takes Over PSV Durga Devi from Niels Winther
Last weekend the platform supply vessel Durga Devi (ex VOS Prevail) was taken over by the Singapore-based ship owner Chellsea Pte Ltd in the port of Esbjerg. Niels Winther acted as owner’s agent and handled the local formalities. In addition to this, a ceremony in connection with the handover of the
Germany: MAN Diesel & Turbo to Equip Four New Offshore Vessels with Complete PS
MAN Diesel & Turbo SE is to equip four new ocean-going specialist vessels with complete propulsion systems. The Augsburg-based leading manufacturer of large-bore diesel engines and turbomachinery has secured a contract to deliver 16 four-stroke engines with gears and controllable pitch propellers to
Germany: MAN Diesel & Turbo to Equip Four New Offshore Vessels with Complete PS
MAN Diesel & Turbo SE is to equip four new ocean-going specialist vessels with complete propulsion systems. The Augsburg-based leading manufacturer of large-bore diesel engines and turbomachinery has secured a contract to deliver 16 four-stroke engines with gears and controllable pitch propellers to
Denmark: PA Resources Confirms Additional Hydrocarbons at Border Truck Prospect
The sidetrack of the recent gas discovery at the Broder Tuck prospect in Licence 12/06 offshore Denmark has confirmed additional hydrocarbon column whilst sample analyses from the initial exploration well have indicated a higher than expected condensate content. Bo Askvik, President and CEO at PA Re
Norway: Government Mulls Barents Sea Gas Pipeline
The Norwegian government will consider extending its North Sea gas pipeline infrastructure as far as the Barents Sea if sufficient gas is… (argusmedia) [mappress] Source: argusmedia, August 26, 2011;
Germany: Volkswagen Plans to Invest in Renewable Energy
The biggest European automaker, Volkswagen, plans to invest almost one billion euros ($1.44 billion) in renewable energies over the … (economictimes) [mappress] Source: economictimes, August 26, 2011
UK: Ithaca Acquires 28.46 pct Stake in Cook Field from Hess
Ithaca Energy Inc. and its wholly owned subsidiary Ithaca Energy, announces that further to announcements on April 4, 2011 and May 16, 2011, the Company has completed the transaction to acquire a 28.46% non-operated interest in the Cook oil field from Hess Limited. At completion of the transaction,
Switzerland: Transocean Launches Offer for 100 pct Shares of Aker Drilling
Transocean Services AS, a wholly owned subsidiary of Transocean Ltd., today, after receiving clearance by the Oslo Stock Exchange, launched its all cash voluntary offer for 100 percent of the shares of Aker Drilling ASA for NOK 26.50 per share. The Offer has been made on the same terms as the previo
Hydrex Carries Out Another Underwater Repair (Spain)
Recently Hydrex Spain carried out a permanent insert repair on a 225-meter cargo vessel at anchorage in Algeciras… (marinelink) [mappress] Source: Marinelink, August 25, 2011;
UK: Antrim, Partners Sign Farm-Out Agreement with TAQA
Antrim Energy Inc. announced that Antrim, along with its current licence partners, has signed a farm-out agreement with TAQA Bratani Limited relating to UKCS Licence P201 Block 211/22a North West Area (Antrim 21%) whereby TAQA has agreed to drill an exploration well to earn an interest in the licenc
Shell Reports Successful Closure of Gannet Valve (UK)
Last Friday, Shell divers closed the relief valve from which oil had been seeping. No oil has been released from the flowline, or release valve, since that point. Continuous monitoring is being carried out to ensure that no releases have occurred. A reconnaissance flight on Tuesday evening reported
Greece: TOP Ships Inc. Enters Into Equity Line Financing Agreement
TOP Ships Inc. , an international maritime shipping company that provides transportation services for crude oil, petroleum products, and dry bulk commodities, announced today that it has entered into an equity line financing agreement in the amount of $10 million with Sovereign Holdings Inc., a comp