Business & Finance
France: CGGVeritas Commits to Trilobit Deepwater Node Market
CGGVeritas is confirming its commitment to the emerging deepwater node market with an order to manufacture an additional 800 Trilobit four-component (4C) ocean bottom nodes (OBN) to make a total of 1,000 units in its equipment pool. The new nodes are expected to be commercially available by early 20
Russia: Chevron Neftegaz Awards Caspian Pipeline Expansion Project to Flour Corporation
Fluor Corporation announced that it has been awarded a contract by Chevron Neftegaz–one of three project managers engaged by the Caspian Pipeline Consortium–for its recently announced expansion project. Fluor will provide project services for the marine terminal and supervisory control and data syst
France: CGGVeritas Commits to Trilobit Deepwater Node Seismic Acquisition System Market
CGGVeritas is confirming its commitment to the emerging deepwater node market with an order to manufacture an additional 800 Trilobit four-component (4C) ocean bottom nodes (OBN) to make a total of 1,000 units in its equipment pool. The new nodes are expected to be commercially available by early 20
UK: Tanker Fleet Increases While Demand Slows
A glut of oil tankers competing for Middle East crude has expanded as demand for the vessels has slowed. There are 23 per cent more very… (eximin) [mappress] Source: eximin, August 18, 2011.
The Netherlands: Boskalis Posts Good Result Despite Challenging Market Conditions
Royal Boskalis Westminster N.V. realized a good result in the first half of 2011, with net profit coming in at € 114.1 million on revenue of € 1,250 million (first half of 2010: € 123.9 million and € 1,135 million respectively). Compared to the end of 2010 there was a decline in the order book [&hel
Subsea 7 Merger Gets UK Competition Clearance
Subsea 7 S.A. today announces that the UK Office of Fair Trading (OFT) has decided not to refer the merger of Subsea 7 S.A. (formerly Acergy S.A.) and Subsea 7 Inc. to the UK Competition Commission for further investigation. The OFT considers that the divestiture of a rigid pipelay vessel competing
Norway: Siem Offshore Appoints New Vice President and New Head of Chartering Department
Mr. Bernt Omdal is appointed as new head of chartering in Siem Offshore. Bernt has been the Chartering Director of the company since November 2008 and has more than 20 years of experience within the maritime industry, including chartering, operations and shipbroking. Bernt reports to the Chief Execu
Norway: SinOceanic Shipping ASA Enters into MOA to Purchase Container Vessel
SinOceanic III AS, a wholly owned subsidiary of SinOceanic Shipping ASA(“SinOceanic”) has entered into Memorandum of Agreement to purchase one VLCS of 13,100 TEU container capacity from Mediterranean Shipping Company SA, Geneva (“MSC”). The vessel will be constructed and delivered by Hyundai Heavy I
The Netherlands: Mr. J.M. Hessels Appointed to Boskalis Supervisory Board
During today’s Extraordinary General Meeting of Shareholders, Mr. J.M. Hessels was appointed to the Supervisory Board of Royal Boskalis Westminster N.V. for a four year term. He will also chair the Supervisory Board. Mr. Hessels (68) fulfills the function of chairman of the Board of NYSE Euronext, I
Cyprus: SeaBird Exploration Appoints New CFO
Mr. Kai Solberg-Hansen has decided to resign as Chief Financial Officer (CFO) from SeaBird. In agreement with the Board of Directors and the Chief Executive Officer, the resignation takes effect from today. Mr Erik Hansen has been appointed the new CFO and will replace Mr Solberg-Hansen with immedia
The Netherlands: T.O.S. Announces Delivery of Five Tugs for Svitzer
T.O.S. Transport & Offshore Services announce the delivery of five tugs for Svitzer. For many years now Svitzer is using our ship delivery services to great satisfaction, which resulted in this contract for the delivery of five tugs in 2011. The tugs are newbuilds from China (Qingdao) and all go to
Cyprus: SeaBird Exploration Appoints New CFO
Mr. Kai Solberg-Hansen has decided to resign as Chief Financial Officer (‘CFO’) from SeaBird. In agreement with the Board of Directors and the Chief Executive Officer, the resignation takes effect from today. Mr Erik Hansen has been appointed the new CFO and will replace Mr Solberg-Hansen with immed
Norway: Petrobras Awards DOF Subsea with Skandi Niteroi Pipelaying Vessel Charter Contract
DOF Subsea announces that it has been awarded, in joint venture with Technip, its second flexible pipelay contract by Petrobras. The second ever pipelay vessel built in Brazil, Skandi Niterói has been awarded a four and half year charter and service contract. The vessel will be used for flexible pip
Norway: Petrobras Awards DOF Subsea with Skandi Niteroi Pipelaying Vessel Charter Contract
DOF Subsea announces that it has been awarded, in joint venture with Technip, its second flexible pipelay contract by Petrobras. DOF Subsea announces that it has been awarded, in joint venture with Technip, its second flexible pipelay contract by Petrobras. The second ever pipelay vessel built in Br