Business & Finance
Oil & Gas UK: Surprise Tax Increase Forces Investors to Think Twice
Oil & Gas UK, the leading representative organisation for the UK offshore oil and gas industry, responds to reported drop in UK Exploration. Mike Tholen, Oil & Gas UK’s economics director, said: “The drop in UK exploration and appraisal activity compared to other sectors of the North Sea since the B
Russia: Gazprom Highlights Environmental Safety in Offshore Drilling
The Gazprom headquarters hosted today a meeting of the Coordinating Committee for Environmental Protection and Energy Efficiency. The meeting was moderated by Alexander Ananenkov, Deputy Chairman of the Company’s Management Committee and Chairman of the Coordinating Committee. Taking part in the mee
Germany: Liebherr Back on Growth Course
The Liebherr Group benefited from the worldwide business recovery in the 2010 business year and resumed its growth. Total turnover rose by 626.0 million € or 9.0 % to 7,587.0 million €. This growth derived exclusively from the Group’s construction machinery area, in which it proved possible to incre
Global Marine Systems Upgrades CS Sovereign Vessel (UK)
Global Marine Systems Limited has announced a major upgrade of its CS Sovereign vessel. Global Marine‟s marine engineering team worked closely with an offshore handling equipment supplier, to design and build two 2,300 tonne turntables, in order to expand the ships capability for a further round of
Norway: Statoil Contracts Aibel to Demolish All Cabins at Oseberg Field Centre
The original order from Statoil was for 175 new cabins at Oseberg field centre. Last week the assignment was extended. Now Aibel is to demolish all the cabins and build again from scratch. “We are demolishing floors, walls, ceiling plates, pipes and the electrics. Everything is going. There will be
Island of Wight Could Get Major New Facility to Test Tidal Energy (UK)
There are fresh hopes for the future of a major new facility to test tidal energy off the Isle of Wight. by Emma Philo (iwradio) [mappress] Source: iwradio, July 15, 2011;
UK: Global Marine Systems Upgrades CS Sovereign Vessel for Offshore Renewable Energy Projects
Global Marine Systems Limited has announced a major upgrade of its CS Sovereign vessel. Global Marine‟s marine engineering team worked closely with an offshore handling equipment supplier, to design and build two 2,300 tonne turntables, in order to expand the ships capability for a further round of
UK: BP Contracts SBM Offshore for Supply of Internal Mooring System for Quad 204 FPSO
SBM Offshore announces it has received a letter from BP Exploration Operating Company Ltd confirming full project sanction for the supply of an internal turret mooring system for the Quad 204 FPSO project. The contract consists of engineering, procurement and construction of an internal turret moori
Norway: PSA Conducts Audit of Electrical Installations at Statoil
During the period 7-8 June 2011, the Petroleum Safety Authority Norway (PSA) conducted an audit of Statoil aimed at the operating company’s work to ensure compliance with the petroleum regulations’ requirements for electrical installations and personnel responsible for electrical installations. Back
Melrose Resources Charters GSP Jupiter Rig for Drilling Offshore Bulgaria
GSP Jupiter entered under a new contract, providing offshore drilling services for Melrose Resources on the Bulgarian continental shelf. The mobile offshore drilling rig will operate in the Kaliakra perimeter where GSP has been awarded the new drilling contract. GSP Orion, PSV, OSR capability (Oil S
ACCIONA and Navantia Sign Co-operation Agreement for Development of Offshore Wind Energy in Spain
The president of ACCIONA Energy, Carmen Becerril, and the CEO of Navantia, Luis Cacho,signed a co-operation agreement in the field of offshore wind power. Both companies are committed to developing projects and industrial and technological activities with different institutions aiming to contribute
BP Contracts SBM Offshore for Supply of Internal Mooring System for Quad 204 FPSO (UK)
SBM Offshore announces it has received a letter from BP Exploration Operating Company Ltd confirming full project sanction for the supply of an internal turret mooring system for the Quad 204 FPSO project. The contract consists of engineering, procurement and construction of an internal turret moori
Greece: Seanergy Maritime Holdings Corp. Enters into New Time Charter Agreement
Seanergy Maritime Holdings Corp. announced today that the Company has entered into a new time charter agreement forone of its Supramax vessels. The M/V Davakis G., a 54,051 Supramax dry bulk carrier built in 2008, has entered into a time charter agreement for a period of about twelve to about eighte
Monaco: Scorpio Tankers Inc. Converts its Credit Facility into Reducing Revolving Credit
Scorpio Tankers Inc. announced today that it has amended its 2010 Credit Facility converting it to a reducing revolving credit facility from a term loan and that it has agreed to time charter-in two vessels. The Company executed an amendment to its 2010 Credit Facility with Nordea Bank Finland plc,