Business & Finance
Estonia: Nordecon AS Signs Construction Contract for Kärdla Town Guest Harbour
Nordecon AS and Kärdla Sadam Foundation signed a contract for the construction of Kärdla town (center of Estonia’s second biggest island Hiiumaa) guest harbour. The works consist of dredging 35,000 cubic meters, construction of seawalls in length of 500 meters and development of harbour’s operating
USACE Introduces “What is Ecosystem Restoration?” Publication (USA)
USACE has introduced the latest article submission (What is ecosystem restoration?) in the continued series of these very important topics. Q. What is the U.S. Army Corps of Engineers Ecosystem Restoration Program? A. The USACE is comprised of approximately 30,000 civilian and military personnel, ma
Petrobras Strikes Oil at Grana Padano Well (Brazil)
Petrobras has discovered a new oil accumulation (15° API) in the post-salt layer of the Espírito Santo Basin. It lies within the BM-ES-24 concession (Block ES-M-661), 58 km off the coast of Vitória, capital of Espírito Santo state. The discovery was made during the drilling of the Grana Padano well,
Singapore: Damen to Deliver Two Catamarans to SeaZip Offshore Service
Last week, two twin axe catamarans of the successful Damen FCS 2610 type have been launched at Damen’s newbuilding yard in Singapore. Both vessels will be completed in the coming weeks after which they will be transported to the Damen yard in Gorinchem, The Netherlands where they will be delivered t
New Managing Director in Damen Shipyards Singapore
Mr Maarten Jongen has officially been appointed Managing Director of Damen Shipyards Singapore (DSSi) from March 2012. In his new role Mr Jongen will focus on marketing, services and further improving efficiency at the yard that has been building (aluminium) Damen vessels since 2000. DSSi has been p
Ensco Promotes CFO to Executive Vice President (UK)
Ensco plc (NYSE: ESV) announced that Chief Financial Officer James W. Swent III has been promoted to Executive Vice President effective immediately with expanded responsibilities. Mr. Swent has been Senior Vice President – Chief Financial Officer since 2003. “Jay has played a critical role in our tr
China: MY Plans to Enter Joint Venture with Huaneng Renewables
China Ming Yang Wind Power Group Limited (Ming Yang; MY), a leading wind turbine manufacturer in China, today announced that it has signed a cooperative agreement with Huaneng Renewables Corporation Limited (Huaneng Renewables), contemplating the establishment of a joint venture specializing in the
Slocum Glider Gathers Health of the Ocean Data (USA)
The Department of Environmental Protection, Rutgers University and the federal Environmental Protection Agency launched a research submersible known as the Slocum glider off Sandy Hook that will roam the waters off New Jersey for the next two weeks as it gathers important clues about the health of t
Technip Grabs LOI for the First Spar Hull in Norwegian Waters
Technip received a Letter of Intent for the world’s largest Spar hull for the Aasta Hansteen field development, offshore Norway. Technip received a Letter of Intent from Statoil for their Aasta Hansteen (previously named Luva) field development, offshore Norway, in approximately 1,300 meters (4,250
USA: Caterpillar to Announce Second-Quarter 2012 Results on July 25
Caterpillar Inc. will release 2012 second-quarter financial results at 6:30 a.m. Central Time on Wednesday, July 25, 2012. The news release will be furnished to the U.S. Securities and Exchange Commission (SEC) via a Current Report on Form 8-K in compliance with applicable SEC rules. About Caterpill
SEA CON Introduces SUTA Fiber Optic Version (USA)
SEA CON® Precision, one of SEA CON®’s affiliate companies has enhanced the current SUTA (Subsea Umbilical Termination Assembly) connector by introducing a fiber optic version. The SUTA is a termination and distribution unit for optical cables which contains a fiber management system, mechanical armo
Kazakhstan: Keppel Secures Contract to Build Jackup Rig for Teniz Burgylau
Keppel Kazakhstan LLP (Keppel Kazakhstan) and its consortium partner Ersai Caspian Contractor LLC, Kazakhstan (Ersai Caspian Contractor), have secured a contract from Teniz Burgylau LLP (Teniz Burgylau), an indirect wholly-owned subsidiary of JSC NC “KazMunayGas” (KazMunayGas) of Kazakhstan, for a K
Brazil: Keppel Secures USD 200 Mln Worth FPSO Contract
Keppel Offshore & Marine Ltd (Keppel O&M), through its subsidiary Keppel FELS Brasil, has secured a contract worth approximately US$200 million from MODEC and Toyo Offshore Production Systems Pte Ltd (MTOPS), a joint-venture company established in Singapore by Toyo Engineering Corporation (TOYO) and
GL Garrad Hassan Opens New Office in Bangkok, Thailand
With ample capacity and ambitious targets for growth, Thailand is seeking to establish itself as one of the leaders in South East Asia in the development of renewable energy sources. In an effort to reduce its current dependence on imported oil, the nation is moving rapidly to build up its solar, wi