Business & Finance
The Netherlands: Dredge Yard Focuses on Quality Control of Dredging Equipment
Dredge Yard, a specialized company in dredging technology and dredging equipment needed for the dredgers and dredge pipe lines, earns the reputation of providing high- performing products by controlling all phases of the development process like design, manufacturing and testing. All the dredge comp
PSA Norway Approves Statoil to Use Navion Europa on Volve Field
Statoil has received consent for temporary use of Volve with the Navion Europa vessel for storage of oil. Volve is an oil field located in the southern part of the North Sea, about eight kilometres north of Sleipner Øst. The water depth in the area is approx. 80 metres. The field was developed with
Norway: TGS Reports Second Quarter Revenues of USD 136 Million
TGS reports net revenues of USD 136 million in Q2 2011, compared to USD 112 million in Q2 2010. Investments and the corresponding pre-funding revenues were significantly lower in Q2 2011 than in Q2 2010 due to the expected back end loaded investment plan, as previously communicated to the market. De
FLEXLIFE Announces Appointment of New Business Development Vice President (UK)
FLEXLIFE has appointed Stephen Burgdorf as vice-president of business development for North America, as part of a continuing global growth… (pressandjournal) [mappress] Source: pressandjournal, August 3, 2011;
UK: Marine Designs Completes First Floating Jetty Project
The first ever floating jetty project on Lake Windermere has been completed by Marine Designs Ltd, part of the A&P Group. Marine Designs Ltd, based in Falmouth, Cornwall, designs and builds heavy-duty pontoon systems, many of which are used in the offshore wind renewable sector. The company designed
Norway: Kongsberg Maritime Wins SAS Contract for Newly Upgraded BW Athena FPSO
Kongsberg Maritime has been awarded a contract from BW Offshore to install a new Safety and Automation System (SAS) on board the newly upgraded BW Athena FPSO. The KONGSBERG system will be installed on the vessel, which will operate on the Athena field as a result of a contract between BW Offshore,
Norway: Statoil Completes Installation of Gudrun Jacket
The steel support structure for the Gudrun platform is now in place on the North Sea field, completing the first phase of the extensive installation work being carried out there. ”The entire operation has been carried out according to plan and in a secure manner,” reports Anders Opedal, senior vice
Norway: Statoil Completes Installation of Gudrun Jacket
The steel support structure for the Gudrun platform is now in place on the North Sea field, completing the first phase of the extensive installation work being carried out there. ”The entire operation has been carried out according to plan and in a secure manner,” reports Anders Opedal, senior vice
Estonia: BLRT Rekato and Panasia Co Conclude Ballast Water Treatment Systems Agreement
BLRT Rekato – subsidiary of Estonian industrial concern BLRT Grupp – concluded an agent agreement with Korean company Panasia Co. which is a production leader of ship systems among which are well-proven Ballast Water Treatment Systems (BWTS). According to development director of BLRT Rekato Andrei S
USA: Carnival Corporation Orders Three New Cruise Ships
Carnival Corporation & plc today announced it has reached agreements for the construction of three new cruise ships – one 132,500-ton vessel for its Costa Cruises brand and two 125,000-ton ships for its AIDA Cruises brand. The ships will be the largest ever constructed for these two cruise lines. A
Romania: GSP Enters into Agreement with AMEC to Develop Oil & Gas Projects in Black Sea
Grup Servicii Petroliere SA (“GSP”) today announces its entry into an agreement with AMEC, the international engineering and project management company. Under the terms of this agreement, GSP and AMEC will develop oil and gas exploration / production projects in the Black Sea area. “We are very prou
Norway: Siem Offshore Acquires 100 pct Shares of Overseas Drilling
Siem Offshore Inc. has acquired the remaining 50% ownership interest in the shares of Overseas Drilling Ltd (“ODL”) from a subsidiary of Transocean Ltd. for USD 22.5 million. Siem Offshore Inc. control 100% of the shares in ODL after the acquisition and settlement closed by end of July 2011 . Siem O
Cairn Energy Provides Update on its Operations Offshore Greenland
Cairn Energy provided updates for its three wells and one prospect offshore Greenland. LF7-1 Well: Lady Franklin Block, South Ungavva Area The LF7-1 exploration well, located in 1,002 metres (m) of water approximately 300 kilometres (km) offshore Nuuk, has reached target depth (TD) in basement strat
Norway: Statoil Receives Consent to Use New Pipelines and New Well on Asgard Field
Statoil has received consent to use new pipelines and a new well on the Åsgard field. Statoil is the operator of production licence 094 on Åsgard with an ownership interest of 34.57%. The other licensees are ENI AS (14.82%), Total (7.68%), Petoro (35.69%) and ExxonMobil (7.24%). In connection with t