Business & Finance
Norway: Solstad Offshore Signs LOI with Subsea 7 for Charter of ‘Normand Oceanic’
Solstad Offshore ASA (SOFF) have signed a Letter of Intent (LOI) with Subsea 7 for hire of SOFF’s offshore construction vessel (CSV) “Normand Oceanic”. The agreement is for a firm charter period of 3 years with 3 x 1 year option. Commencement is currently expected to be April 2012. The contract valu
Norway: Aker Solutions Posts Q2 2011 Results
Aker Solutions’ operating revenues in the second quarter of 2011 were NOK 7.8 billion. Earnings before interest, tax, depreciation and amortisation amounted to NOK 636 million. Order intake in the quarter was NOK 14.3 billion. “We have a strong order intake which reflects high tendering and activity
China: Sinopacific Holds Naming Ceremony for Global Lead Vessel PX105
Zhejiang Shipbuilding Co., Ltd. an affiliate to Sinopacific Shipbuilding Group, held the delivery and naming ceremony of global lead vessel PX105, a ship built for Bourbon Offshore Norway on the morning of August 9. The company leaders and the ship owner’s representatives attended this grand ceremon
Norway: Kvaerner Q2 Revenues Up 39 pct
Kvaerner today announced second quarter 2011 results. “We are delivering a robust second quarter despite the loss on the Blind Faith project and a loss provision on the Longview project”, says Jan Arve Haugan, President & CEO of Kvaerner. Operating revenues in the second quarter amounted to NOK 3 9
Norway: Kvaerner Q2 Revenues Up 39 pct
Kvaerner today announced second quarter 2011 results. “We are delivering a robust second quarter despite the loss on the Blind Faith project and a loss provision on the Longview project”, says Jan Arve Haugan, President & CEO of Kvaerner. Operating revenues in the second quarter amounted to NOK 3 9
Norway: Aker Solutions Presents Second Quarter Results 2011
Aker Solutions’ operating revenues in the second quarter of 2011 were NOK 7.8 billion. Earnings before interest, tax, depreciation and amortisation amounted to NOK 636 million. Order intake in the quarter was NOK 14.3 billion. “We have a strong order intake which reflects high tendering and activity
Germany: NRS and Germanischer Lloyd Signs Global Cooperation Agreement
Norddeutsche Reederei H. Schuldt (NRS) and Germanischer Lloyd (GL) signed a global cooperation agreement today covering all areas of classification as well as flag state supervision of the ships of Norddeutsche Reederei H. Schuldt sailing under GL class. As one of the world’s leading container and t
UK: Nautical Petroleum Finds Oil at Kraken 9/02b-5 Pilot Well
Nautical Petroleum plc announces that the Kraken 9/02b-5 pilot well, located in UKCS North Sea Block 9/2b, has successfully encountered oil in the Heimdal III sandstone interval. The pilot well was drilled to a total depth of 4,785 feet Measured Depth (MD). The top of the target Heimdal III reservoi
UK Chamber of Shipping Urges Shipping Industry to Keep Open for Reduction of Carbon Emissions
The UK Chamber of Shipping has urged the international shipping industry to keep the door open on all options to drive a reduction of its carbon emissions. The Chamber is leading the debate by launching ‘manuals’ on the two main options. This is the first time an attempt has been made to set out the
Italy: Rossita Completes RS Survey for Transporting Radioactive Material
The “Rossita” is the vessel tasked with transporting radioactive material from the dismantlement of Russian nuclear submarines. RS completed survey over construction of a new vessel for the carriage of irradiated nuclear fuel. The modern vessel Rossita with displacement equal to 4 000 t was designed
Russia: Gazprom Promotes Shipbuilding in Murmansk Oblast
Murmansk hosted Wednesday a working meeting between Alexander Ananenkov, Deputy Chairman of the Gazprom Management Committee and Dmitry Dmitrienko, Governor of the Murmansk Oblast. The parties discussed the prospects for developing the regional shipbuilding sector placing an emphasis on a possible r
UK: BMT Appoints New Head of Naval Engineering
BMT Defence Services Ltd, a subsidiary of BMT Group Ltd, the leading international maritime design, engineering and risk management consultancy, has announced the promotion of Tim Hardy to the role of Head of Naval Engineering. Tim will lead a team of more than 60 people comprising some of the indus
Azerbaijan: Shah Deniz Issues RFP and RFI to Three EU Pipeline Groups
On August 9, SOCAR as leader of the Shah Deniz Export Negotiating Team announced that a request for proposal (RFP) and a request for information (RFI) has been issued to the three main prospective EU pipeline groups for transit of Shah Deniz gas to Europe. These are IGI Poseidon, Trans-Adriatic Pipe
EMU Limited Bags Prestigious Seabed Survey Contract (UK)
The Maritime and Coastguard Agency (MCA) has awarded marine survey specialists EMU Limited (EMU) a multi-million pound hydrographic contract as part of its programme to systematically survey the waters around the UK. Using the latest dual-head high-resolution multibeamechosounders to obtain seabed d