Business & Finance
Fugro Secures USD 909 Million Long Term Funds (UK)
Fugro has reached agreement with 27 US and UK investors with respect to new US Private Placement loans to a total amount of USD 909 million equivalent. The loans are denominated in US Dollars (750 million), British Pounds (67.5 million) and Euros (35 million) and have an average coupon of 4.5%. The
Dron & Dickson Enters Offshore Wind Industry with GBP 6m Cash Injection (UK)
ELECTRICAL equipment firm Dron & Dickson is expanding from its traditional oil and gas markets into renewable energy after securing a £6… By Peter Ranscombe (scotsman) [mappress] Source: scotsman, August 08, 2011
Dron & Dickson Enters Offshore Wind Industry with GBP 6m Cash Injection (UK)
ELECTRICAL equipment firm Dron & Dickson is expanding from its traditional oil and gas markets into renewable energy after securing a £6… By Peter Ranscombe (scotsman) [mappress] Source: scotsman, August 08, 2011
Finland: Wartsila Receives Engines Order for First Series of Eight Bangkok-max Container Ships
Wärtsilä, the marine industry’s leading solutions provider, will supply the main engines for the first series of eight ‘Bangkok-max’ container ships being built at the Guangzhou Wenchong Shipyard in China, thus establishing these engines as the standard for this type of vessel. The ships will serve
Cyprus: SeaBird Provides Financial, Operational and Fleet Updates
SeaBird Exploration PLC provides an operational update regarding its business activities and an update regarding the ongoing evaluation of financing alternatives; VOYAGER EXPLORER AND THE GEO MARINER A three year bareboat contract has been entered into between SBX as disponent owners and Koleth Sing
Norway: Songa Offshore Releases Second Quarter 2011 Report
Songa Offshore SE reports total comprehensive income for the second quarter of 2011 of USD 21.0 million. Operating revenue for the second quarter was USD 125.8 million. This includes mobilization and demobilization revenue of USD 1.9 million. Total expenses for the second quarter were USD 78.2 milli
PNE WIND Publishes 1H 2011 Results (Germany)
The wind farm developer PNE WIND AG has completed the first half year of 2011 successfully. The operating result (EBIT), the fundamental key value for the entrepreneurial success of a wind farm developer, lay at about EUR 0.9 million (previous year: EUR 8.2 million). The positive result is particula
PNE WIND Publishes 1H 2011 Results (Germany)
The wind farm developer PNE WIND AG has completed the first half year of 2011 successfully. The operating result (EBIT), the fundamental key value for the entrepreneurial success of a wind farm developer, lay at about EUR 0.9 million (previous year: EUR 8.2 million). The positive result is particula
Statoil Hits Oil Discovery Offshore Norway
Statoil ASA and partners Petoro AS, Det norske oljeselskap ASA and Lundin Norway AS have made a high-impact oil discovery on the Aldous Major South prospect (PL 265) in the North Sea. Well 16/2-8, drilled by the Transocean Leader drilling rig, has identified an approximately 65-metre oil column in J
Dolphin Geophysical Welcomes State Minister of Senegal On-Board Artemis Atlantic (Norway)
On Friday 23rd July 2011, Dolphin Geophysical welcomed the State Minister of Senegal, Minister of International Cooperation, Air Transportation, Infrastructure and Energy, His Excellency Karim Wade on-board the Artemis Atlantic, along with 60 other journalists and society (Petrosen) members. The inv
UK: Inmarsat Launches Voice Distress Service on FleetBroadband
Inmarsat, the leading provider of global mobile satellite communications services, has announced the commercial availability of a new voice distress service on FleetBroadband. The free-to-use service ensures that, in the event of an emergency, all non-priority telephone calls underway on the vessel’
Seatronics Invests in Side Scan Sonar Systems from EdgeTech (UK)
Seatronics, an Acteon company announces the addition of a full suite of quality underwater sonar survey equipment recently purchased from EdgeTech. As a world leading supplier of electronic subsea equipment to the Hydrographic, Environmental, Geophysical, Metocean, ROV and Diving industries this rec
UK: South Boats and Iceni Marine Sign Contract for Construction of South Catamaran
South Boats Special Projects Ltd. and Iceni Marine Services Ltd. announce that the two companies have signed a contract for the construction of a South Catamaran 14m RRV to be named ‘Iceni Pride’. The ‘Iceni Pride’ is a first of class South Catamaran 14m RRV developed from the very successful 12m RR
Norway: Hoegh LNG Enters Agreement to Buy LNG Libra
Höegh LNG Holdings Ltd. has entered into an agreement to acquire the “LNG Libra”, a 126,400 cbm Moss type LNG carrier built in 1979. The seller is BGT Limited, a subsidiary of Höegh LNG’s long standing partner Mitsui OSK Lines (MOL). The vessel is to be delivered in the second quarter of 2012. The t