Business & Finance
UK: Parker Hannifin Corporation Acquires Olaer Group
Parker Hannifin Corporation, the global leader in motion and control technologies, yesterday announced that it has successfully completed its previously announced agreement to acquire the Olaer Group headquartered in Deeside, United Kingdom. Terms of the transaction were not disclosed. The Olaer Gro
UK: Parker Hannifin Corporation Acquires Olaer Group
Parker Hannifin Corporation, the global leader in motion and control technologies, yesterday announced that it has successfully completed its previously announced agreement to acquire the Olaer Group headquartered in Deeside, United Kingdom. Terms of the transaction were not disclosed. The Olaer Gro
USA: Cameron Chooses Brad Foote’s Gearing for Offshore Platforms
Cameron has selected Brad Foote Gear Works, Inc., a subsidiary of Broadwind Energy, to supply enclosed drives and open gearing for use on off-shore oil platforms. Shipments to Cameron are expected to begin in fourth-quarter 2012 and continue into 2013. “Brad Foote’s impressive commitment to continuo
Residents of Nova Scotia Decide on Subsea Cable (Canada)
As Capebretonpost.com reports, residents of Nova Scotia have been asked for their opinion on the Maritime Link, a subsea cable project, which will supply Newfoundland and Labrador with Hydro-electricity. The public will submit their feedback on draft regulations which were develop by the Utility and
COSL Wins 3D Seismic Acquisition Contract in Andaman Sea, Thailand
China Oilfield Services Limited（“COSL” or the “Group”）recently received an official contract award letter from PTT Exploration & Production PCL “PTTEP”, confirming that it has won the tender for 3D seismic collection in Andaman Sea, Thailand. This will be the first international winter 3D seismic co
USA: NOIA Supports House Alternative 5 Year OCS Lease Plan
National Ocean Industries Association (NOIA) President Randall Luthi sent the following letter to House Natural Resources Committee Chairman Doc Hastings in support of HR 6082, which would implement a new five year lease plan for developing the United States’ offshore energy resources over the next
UAE: Speedy Supports ZADCO’s UZ 750 Project at Abu Dhabi’s Upper Zakum Field
Speedy announces that, as subcontract partner to ESNAAD, the support services arm of Abu Dhabi National Oil Company (ADNOC), it has been awarded a long-term contract to provide logistics, asset management and equipment rental services to support Zakum Development Company’s (ZADCO) flagship UZ 750 Pr
COSL Wins 3D Seismic Collection Contract in Andaman Sea, Thailand
China Oilfield Services Limited recently received an official contract award letter from PTT Exploration & Production PCL “PTTEP”, confirming that it has won the tender for 3D seismic collection in Andaman Sea, Thailand. This will be the first international winter 3D seismic collection operation for
UK: Graig, GMI Team Up to Provide Solutions for Problematic Shipping Exposures
The Cardiff-based Graig Group has teamed up with Global Maritime Investments to provide shipping lenders with tailor-made solutions for problematic shipping exposures. Working together the two groups will provide lenders with workout solutions, safe havens and exit routes for distressed assets and u
Ivory Coast: Rialto Completes Drill Stem Testing of Gazelle-P3 ST2 Well
Rialto announces the completion of drill stem testing (“DST”) of the Gazelle-P3 ST2 well (“ST2 well”), achieving maximum flow rates of 19.5mmscfd gas and an unstabilised rate of 760 bopd from separate sands within the Upper Cenomanian (UC-1) reservoir. The maximum gas flow rate was constrained due t
EU Offshore Wind Capacity Up 50 Pct
132 new offshore wind turbines, totalling 523.2 megawatts (MW) were fully grid connected in Europe in the first six months of 2012. This is a 50% increase compared to the same period in 2011 when 348.1 MW were installed. “50 per cent more offshore wind power capacity was installed in Europe in the f
UK: Element Power Bags Firm Grid Connection Contract
National Grid UK yesterday confirmed that a firm grid connection of 3,000 megawatts has been awarded to global renewable energy developer, Element Power. This is the first such dedicated connection offered to an Irish renewable energy exporter and enables Element Power to progress ‘Greenwire’ – a se
Bunkers International Launches BT Cartagena Sun Bunker Tanker (Colombia)
Bunkers International Corporation, along with its joint venture partner C.I. Vanoil announce the availability of the bunker tanker, the BT CARTAGENA SUN. The BT CARTAGENA SUN is a double-hulled, 6000 metric ton bunker tanker that will service ships at Covenas (Colombia’s crude oil port), offshore Ca
China: Yuexin Implements FORAN CAD/CAM System in Its Shipyard
SENER Ingeniería y Sistemas, S.A. and Guangdong Yuexin Ocean Engineering Co., Ltd –GYOE- (formerly Yuexin Shipbuilding Co., Ltd) have signed an agreement for the implementation of the FORAN CAD/CAM System in the Chinese shipyard, to be used in their shipbuilding activities. The agreement has been si