Business & Finance
Wood Mackenzie Says Modern Resource Themes Set Solid Foundations for Long-term Value Growth in O&G
Wood Mackenzie dispels talk that the oil and gas business is a ‘sunset industry’ in a report titled ‘The changing face of upstream value’. This documents strong, prospective value growth in the upstream industry, with a 23% increase on Wood Mackenzie’s 2010 forecast. The sector is valued at approxim
Russia: Moby Dik Terminal Handles New Tipe of Cargo
LLC Moby Dik (a Global Ports company) finished handling the first shipment of steel coils consigned to Hyundai Motors automotive factory in Saint Petersburg. Narva motor vessel berthed at Moby Dik on 20 August. The vessel coming from Antwerp, Belgium, carried 157 steel rolls. For handling the rolls
The Netherlands: Evergreen’s Chairman Honoured with Commander in Order of Orange-Nassau
Evergreen Group Chairman Dr. Chang Yung-Fa was presented the honour of Commander in the Order of Orange-Nassau in recognition of his contribution to the port of Rotterdam and the development of Dutch economy. The award was presented on behalf of Beatrix Wilhelmina Armgard, the Queen Regnant of the N
UK: Wood Group Revenues Up 17 pct
Wood Group PLC today announced 2011 first half results. Financial Highlights Total revenue6 of $2,828.8m (2010: $2,409.7) up 17% Total EBITA2,6 of $192.0m (2010: $153.3m) up 25% Revenue from continuing operations, including PSN since acquisition and excluding Well Support, of $2,481.8m (2010: $1,95
Norway: Eidesvik Posts Q2 Results
Eidesvik today announced second quarter results for 2011. Operating result before depreciation (EBITDA) for Q2 2011 is MNOK 114,7 compared to MNOK 137,6 for the same period last year. Operating income is MNOK 252,0 compared to MNOK 271,8 for the same period last year. Operating result before depreci
Luxembourg: Discovery Offshore Extends Exercise Date on Rig Construction Option with Keppel
Discovery Offshore S.A. announced yesterday an agreement with Keppel FELS to extend the exercise date on the first rig construction option to late October 2011. If the Company elects to exercise the first option, rig delivery will be scheduled for the third quarter of 2014, an extension of two month
Norway: Songa Raises USD 420 Million for Songa Eclipse Finance
Songa Offshore SE announced that the Company has finalized a new bank facility in the amount of USD 420 million. The new facility has a repayment profile of 8.5 years and will be used to finance the delivery of the ultra-deepwater semisubmersible Songa Eclipse, currently ready for delivery from Juro
Germany: nkt cables Releases Half-Year Report 2011
nkt cables has announced half-year 2011 results . EBITDA expectations in NKT Holding for 2011 is downgraded to approx. 1.0-1.1 bnDKK from earlier approx. 1.2 bnDKK due to the fact that 2nd quarter earnings in nkt cables were not satisfactory. The adjustment primarily relates to the newly build subma
Jack-Up Barge Signs Multi-Year Charter Agreement with German BARD Group
Jack-Up Barge has announced signing a multi-year charter agreement with the German BARD Group for Jack-Up Barge’s Self Elevating Platforms JB-115 and JB-117. The contract is valued at in excess of EUR 100 million. Both platforms will be deployed in the BARD Offshore 1 offshore wind farm – the larges
Norway: Songa Raises USD 420 Million for Songa Eclipse Finance
Songa Offshore SE announced that the Company has finalized a new bank facility in the amount of USD 420 million. The new facility has a repayment profile of 8.5 years and will be used to finance the delivery of the ultra-deepwater semisubmersible Songa Eclipse, currently ready for delivery from Juro
Germany: nkt cables Releases Half-Year Report 2011
nkt cables has announced half-year 2011 results . EBITDA expectations in NKT Holding for 2011 is downgraded to approx. 1.0-1.1 bnDKK from earlier approx. 1.2 bnDKK due to the fact that 2nd quarter earnings in nkt cables were not satisfactory. The adjustment primarily relates to the newly build subma
Jack-Up Barge Signs Multi-Year Charter Agreement with German BARD Group
Jack-Up Barge has announced signing a multi-year charter agreement with the German BARD Group for Jack-Up Barge’s Self Elevating Platforms JB-115 and JB-117. The contract is valued at in excess of EUR 100 million. Both platforms will be deployed in the BARD Offshore 1 offshore wind farm – the larges
Iceland: Newly Discovered Current Could Affect North Atlantic Climate Picture, Says WHOI
An international team of researchers, including physical oceanographers from the Woods Hole Oceanographic Institution (WHOI), has confirmed the presence of a deep-reaching ocean circulation system off Iceland that could significantly influence the ocean’s response to climate change in previously unf
Russia: Pella Shipyard Delivers Tugboat Project 16609 to Free Port of Riga
On August 13th 2011, the tugboat building no.620 project 16609 was launched. During current year the tug will be delivered to the customer – Free Port of Riga. Azimuth tug of 16609 design is intended for harbor, coastal and offshore towing and berthing operations as well as for firefighting operatio