Business & Finance
Fugro Chance Completes Survey in US Gulf of Mexico
Fugro Chance Inc. recently provided surveying services in the Gulf of Mexico for the installation and tie-in of a wye sled subsea structure. The scope of the services included surface navigation, ultra-short baseline (USBL) and long baseline (LBL) positioning, dimensional control survey, acoustic sp
PETRONAS Selects Air Products’ LNG Expertise for FLNG Project in Malaysia
Air Products’ global leading liquefied natural gas (LNG) technology and equipment will be floating on an LNG production platform 180 kilometers off the coast of Malaysia and producing 1.2 million tons per year of LNG when the PETRONAS Floating LNG Project 1 (PFLNG 1) comes onstream in late 2015. Air
USA: Zyvex Marine Launches Advanced Long Range Vessel
Zyvex Technologies, the world’s first molecular nanotechnology company, yesterday announced the global launch of the LRV-17. The advanced Long Range Vessel is designed for fuel efficiency and rough sea stabilization with a sprint speed over 40 knots and a range of over 1,500 nautical miles, more tha
Canada: GRI Simulations Receives RDC Funding for 3D Software
Funding announced on Monday by the Research & Development Corporation (RDC) is supporting the development of an innovative 3-D simulation software product that will enhance offshore oil and gas installation design and operations. Mount Pearl-based GRI Simulations Inc. is receiving $250,000 from RDC’
UK: Wood Group Announces Board Changes
Wood Group announces a number of Board changes that will become effective 1 November 2012. * Chairman, Sir Ian Wood, will retire as Chairman and from the Board. Sir Ian has been Chairman since 1982 and was CEO from 1967 to 2006 * CEO, Allister Langlands, will become Chairman. Allister has been with
Canada: RDC Supports Development of GRI’s 3-D Simulation Software
Funding announced by the Research & Development Corporation (RDC) is supporting the development of an innovative 3-D simulation software product that will enhance offshore oil and gas installation design and operations. Mount Pearl-based GRI Simulations Inc. is receiving $250,000 from RDC’s Proof of
Hydroid Adds New Members to Its Team (USA)
Hydroid, a Cape Cod-based leading manufacturer of Autonomous Underwater Vehicles (AUV’s) has added 5 talented new employees to the company. Rich Amirault has joined Hydroid, Inc., a Pocasset-based manufacturer of Autonomous Underwater Vehicles (AUVs), as Manufacturing Manager. An accomplished manufa
Papa Terra Project Faces Delay (Brazil)
The EPC conversion project P-63 (Papa Terra) is under construction at the COSCO Dalian yard in China. As a consequence of increased work scope compared with initial plans, the departure of the unit has been delayed. A thorough review of the consequences of the extended yard stay and additional scope
UAE: Keel Laying Ceremony for FNG’s New Aluminum Crew Boats
Grandweld Shipyards has celebrated the keel laying of the two new 33.5m Aluminum Crew Boats for Fujairah National Group (FNG) on 12th July 2012. The keel laying ceremony was attended by FNG representatives HE.Sheik Ahmad (Son of Fujairah Ruler), Mr. Saif Al Salami, Mr. Sami Al-Baghdadi, Mr. Sanjeev
Finland Based Wartsila to Provide Main Engines for KOTC’s New Vessels
Wärtsilä, the marine industry’s leading system integrator, will supply the main engines for a series of vessels being built for Kuwait Oil Tanker Co. (KOTC), a Subsidiary of Kuwait Petroleum Corporation. Four VLCCs (Very Large Crude Oil Carriers), one Aframax tanker and four medium-range tankers are
Pancontinental Purchases 10 pct of Paragon’s Interest in Namibia Licence EL 0037
Pancontinental Oil & Gas NL (“Pancontinental”) announces that it has reached agreement with EL 0037 co-venturer Paragon Holdings Limited (“Paragon”) for Pancontinental to purchase 10% of Paragon’s interest in the EL 0037 licence for US$4 million. Pancontinental will now pay Paragon US$2 million and
CGGVeritas’ Research Manager Receives SEG Medal (France)
Yu Zhang, Deputy Global Research Manager, Processing, Imaging & Reservoir, CGGVeritas, has been distinguished with the Society of Exploration Geophysicists’ (SEG) Virgil Kauffman Gold Medal in recognition of his recent innovative research in true amplitude wave equation migration. The Virgil Kauffma
RDC Funds SubC Control’s New Underwater Camera (Canada)
Oil, ocean technology and environment companies are about to get a clearer and better view of deep sea activities. Clarenville-based SubC Control Ltd. yesterday received $115,957 from the Research & Development Corporation (RDC) for the creation of an underwater single-lens reflex camera, capable of
Brazilian Papa Terra Project Encounters Delay
The EPC conversion project P-63 (Papa Terra) is under construction at the COSCO Dalian yard in China. As a consequence of increased work scope compared with initial plans, the departure of the unit has been delayed. A thorough review of the consequences of the extended yard stay and additional scope