Business & Finance
Norway: Noreco Announces 10 pct Higher Revenues in Q2
Norwegian Energy Company ASA today presents its second quarter 2011 results, with EBITDA of NOK 149 million and a negative net result of NOK 9 million from continued operations. Noreco had revenues of NOK 396 million from continued operations in second quarter 2011, an increase of 10 percent compare
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
Germany: GL Launches E-learning Tool for Maritime Labour Convention, 2006
As the date of entry into force of the Maritime Labour Convention, 2006 (MLC 2006) rapidly approaches, shipowners, managers, crewing agencies and seafarers are starting to familiarise themselves with the new requirements. With some 55,000 seagoing vessels requiring certification of compliance and th
BMT Appoints New Head of Naval Engineering (UK)
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
EGL Delivers First LNG Cargo to Greece
For the first time EGL has delivered an LNG (liquefied-natural-gas) cargo to Greece. The cargo was unloaded recently in two discharges at Greece’s LNG terminal, located on the island of Revithoussa, west of Athens. EGL’s first LNG delivery to the Greek natural gas market is a further step in expandi
Norway: Noreco Posts 10 pct Higher Revenues in Q2
Norwegian Energy Company ASA today presents its second quarter 2011 results, with EBITDA of NOK 149 million and a negative net result of NOK 9 million from continued operations. Noreco had revenues of NOK 396 million from continued operations in second quarter 2011, an increase of 10 percent compare
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
Hamburg Süd Receives Two Environmental Awards in USA
Hamburg Süd has again been honoured for its sustainable and environmentally conscious conduct. First, in late July 2011, it received the Air Quality Award from the San Pedro Bay Ports Clean Air Action Group (backed by the ports of Los Angeles and Long Beach). Just a few days later, it was the Gulf G
India: Jubilant Releases Appraisal Well DDE-APP-1 Results
In Tuesday, Jubilant announced the results of Appraisal Well DDE-APP-1 in the Deen Dayal East Field in the KG Block, which was spudded on the 1st of January 2011. The well was drilled by the operator (GSPC), with the objective of appraising the hydrocarbon bearing sands of the KG-16 discovery well a
UK: Seajacks Vessels Install 36 Turbines at Walney 2 Offshore Wind Farm
The Seajacks vessels continue to work in tandem, installing Siemens 3.6MW WTGs at a rapid pace on Walney 2 Offshore Wind Farm. Recent installation activities have been described as “booming” by client Dong Energy. 155 turbines now installed – 7 turbines installed in the past week Seajacks Operations
Belgium: Marlink Secures Contract with Simon Mokster Shipping
Marlink, the largest provider of maritime satellite communications, has recently extended its contract with offshore vessel operator Simon Møkster Shipping AS for a further 5 years. As part of the latest agreement, Marlink will continue the provision of its Sealink™ VSAT services aboard 18 existing
UK: A&P Completes Subsea Structure for Offshore Oil & Gas Field
A&P TYNE is building on its success in a new business sector with the completion of yet another subsea structure for an offshore oil and gas field. The Mid Water Arch – used to support control cables as they rise from the seabed to the surface – left the ship repair and fabrication yard at […
Noreco Sells its South Arne Stake to Hess Denmark
Norwegian Energy Company ASA (Noreco) has entered an agreement to sell its interests in the South Arne oil field in Denmark to Hess Denmark ApS for a consideration of USD 200 million. Noreco expects to record a profit of approximately USD 50 million after tax from the transaction. “An important part
UK: Hamworthy Launches Training Academy
The service, Hamworthy Academy, includes a range of courses which are designed to provide training for the company’s equipment and comprise e-based learning packages backed up by a significant investment in hands-on facilities. Hands-on training is currently available from Hamworthy’s Norway-based f