Business & Finance
Norway: Idemitsu Petroleum Drills Duster Near Vega Field
Idemitsu Petroleum Norge, operator of production licence 377 S, has completed the drilling of wildcat well 35/7-1 ST2. The well was drilled about seven kilometres west of the Vega field in the North Sea. The primary exploration target for the well was to prove hydrocarbons in Middle Jurassic reservo
Norway: Idemitsu Petroleum Drills Duster Near Vega Field
Idemitsu Petroleum Norge, operator of production licence 377 S, has completed the drilling of wildcat well 35/7-1 ST2. The well was drilled about seven kilometres west of the Vega field in the North Sea. The primary exploration target for the well was to prove hydrocarbons in Middle Jurassic reservo
The Netherlands: Rensen-Driessen Shipbuilding B.V. Receives Order for Four Lubricant Oil Tankers
Rensen-Driessen Shipbuilding B.V. receives a new building order for four lubricant oil tankers. 2x 600MT and 2x 1200MT. The tankers will operate in Port of Rotterdam.The company didn’t want to disclose any additional information about the buyer at this moment. Rensen-Driessen Shipbuilding BV is an e
UK: 2011 Unusually Good Year for BP, CEO Bob Dudley Says
BP today said that it expects future cash flows generated by its worldwide operations to grow faster than output. This growth is expected in both its upstream and downstream businesses as the company delivers its strategic priorities, increases its investment in future growth opportunities and portf
Hydratight Adds New Members to Morgrip Connector Team (UK)
Joint integrity specialist Hydratight has announced new appointments to its Morgrip connector team. Morgrip is the unique weldless topside and subsea pipeline connector developed by Hydratight and in use around the world. New to the development and sales team are: Sales and projects coordinator Alok
Norway: Sartor Secures Contract Extension for Ocean Troll Offshore Vessel
Sartor Offshore reports that Statoil has extended the contract of Ocean Troll until November 2012, with two yearly options. Ocean Troll is a multipurpose anchorhandling, tug, supply vessel. In addition to normal AHTS capabilities, the vessel is capable of providing contingency services such as; stan
UK: BG Group 2Q Profit Soars on High Gas Prices
BG Group announced that its revenue and other operating income in 2Q increased by 26% to $5 115 million, reflecting the benefit of higher commodity prices and a 3% increase in E&P production, with solid operational performance across the Group’s assets. As a result of the above and a lower explorati
Greece: Yangzijiang Shipbuilding Delivers Two 2.500 TEU Container Vessels to Goldenport
Goldenport Holdings took delivery of the new-build geared container vessel with 2,500 TEU capacity from Yangzijiang Shipbuilding on July 25, 2011. The vessel was named ‘Erato’ and commenced its agreed one year time charter immediately following delivery, at a daily rate of US$15,250. The charterer h
Norway: TGS Starts Acquisition of 3D Multi-client Seismic Data Library Barents Sea
TGS has commenced the acquisition of an extension of its multi-client 3D seismic data in the Hoop Fault Complex area of the Barents Sea. This extension is to the west of the previously announced industry funded Hoop Fault Complex survey and will add 3,391 km2 to the existing data in the area. Upon c
Norway: TGS Starts Acquisition of 3D Multi-client Seismic Data Library in Barents Sea
TGS has commenced the acquisition of an extension of its multi-client 3D seismic data in the Hoop Fault Complex area of the Barents Sea. This extension is to the west of the previously announced industry funded Hoop Fault Complex survey and will add 3,391 km2 to the existing data in the area. Upon c
Tritech Publishes Updates on Super SeaPrince DST Sonar (UK)
The Tritech Super SeaPrince DST Sonar is designed specifically for survey, observation and light work class ROV. The Super SeaPrince sets new standards in sonar technology; its advanced composite transducer and CHIRP signal processing generates images of unprecedented clarity and resolution In line
BMT Nigel Gee to Take Part in 21st Monaco Yacht Show
Celebrating 25 years of innovative design, leading naval architects BMT Nigel Gee will be exhibiting at the 21st Monaco Yacht Show in September within the Superyacht UK Pavilion. This will be the company’s sixth year of exhibiting at this prestigious event which will see the world’s largest sailing
Norway: TGS Starts Acquisition of 3D Multi-client Seismic Data Library in Barents Sea
TGS has commenced the acquisition of an extension of its multi-client 3D seismic data in the Hoop Fault Complex area of the Barents Sea. This extension is to the west of the previously announced industry funded Hoop Fault Complex survey and will add 3,391 km2 to the existing data in the area. Upon c
Germany: Nordex CEO Thomas Richterich to Leave Company for Personal Reasons
Nordex SE is preparing for a change of CEO. The chief executive officer Thomas Richterich will be handing over responsibility to an as yet unnamed successor and will not renew his contract again, which will expire on June 30, 2012. As a result, Richterich will be leaving Nordex in his tenth year on