Business & Finance
UK: Reef Subsea Wins Major Contract for Gwynt y Môr
Reef Subsea AS announced today that its subsidiary company, Reef Subsea Power & Umbilical Ltd. with offices in Stockton on Tees and Aberdeen, has been awarded a major contract with Gwynt y Môr Offshore Wind Farm Limited, worth approximately £40m. It will see Reef Subsea Power & Umbilical assist with
China to Develop Its Underwater Mining Industry
According to The Register, China is trying to master the ocean by developing a deep-sea station to conduct underwater mining. China Ship Scientific Research Centre announced the plans for the nuclear powered mobile deep-sea station earlier this year. The station will have propellers to move underwat
Baker Hughes: International Offshore Rig Count for June Up Year-on-Year
Baker Hughes Incorporated announced today that the international rig count for June 2012 was 1,285 rigs. The June international rig count includes the addition of 79 rigs in Iraq. This is the first time Baker Hughes has included Iraq in its international rig count since 1990. The June rig count of 1
Reef Subsea Bags Cable Installation Contract at Gwynt y Mor OWF (UK)
Reef Subsea AS announced today that its subsidiary company, Reef Subsea Power & Umbilical Ltd. with offices in Stockton on Tees and Aberdeen, has been awarded a major contract with Gwynt y Mor Offshore Wind Farm Limited, worth approximately £40m (61.9 million USD). It will see Reef Subsea Power & Um
Riverstone Injects USD 150 mln into Fairfield Energy (UK)
Fairfield Energy, the private, North Sea-focused independent oil & gas company, has agreed terms for a major new injection of equity from funds sponsored by Riverstone Holdings LLC, the energy and power-focused private equity firm. Riverstone will initially make a $150 million equity commitment with
Interest in OSIL’s Giant Piston Corer Rises (UK)
OSIL are reporting an unprecedented level of interest in relation to their Giant Piston Corer, which offers the ability to retrieve core samples up to 30m in length from sediments at full ocean depth. The Giant Piston Corer is capable of achieving varying core lengths of up to 30m in soft, cohesive
Japan: MHI Completes Full-Scale Marine Diesel Testing Facility
Mitsubishi Heavy Industries, Ltd. (MHI) has completed “4UE-X3,” a testing facility for full-scale low-speed, 2-stroke marine diesel engines, in the company’s Kobe Shipyard and Machinery Works in Kobe, Hyogo Prefecture. The facility will be used for testing of various technologies to respond to strin
The Netherlands: IHC Lagersmit Changes Name to IHC Sealing Solutions
IHC Lagersmit BV, a subsidiary of IHC Merwede, has changed its name to IHC Sealing Solutions BV. This change, which came into effect on 6 July, is the result of the continued international growth that the company has experienced in recent years. Additionally, the company’s focus has shifted in past
Technology Triggers Majority of Well Control Incidents in Norway, Study Shows
A new well control incident study reveals significant gaps between causes in investigation reports and the viewpoints cited by professionals in interviews. The industry should, among other things, investigate more well control incidents and implement more technical measures. While the results from t
Melrose Resources Updates on Its 3D Seismic Operations
Melrose Resources plc, the oil and gas exploration, development and production company, today provides an update on its operations. The interpretation of the 3D seismic data acquired over the central area of the offshore Galata Block, Bulgaria, in 2011 has been completed confirming the presence of a
Mozambique Signs IMO Anti-Piracy Code
The Code of Conduct concerning the Repression of Piracy and Armed Robbery against Ships in the Western Indian Ocean and the Gulf of Aden (Djibouti Code of Conduct) on July 6 signed on behalf of Mozambique by His Excellency Carlos dos Santos, High Commissioner of the Republic of Mozambique in the Uni
Russia: Yantar Shipyard Begins Hull Assembly of Icebreaking Emergency and Rescue Vessel
The hull assembly of multipurpose emergency and rescue vessel for Russian Ministry of Transport was started at Yantar Shipyard in Kaliningrad, Russia 6 July 2012 with keel laying. The hull of the vessel will be shipped to Arctech Helsinki Shipyard for outfitting and finalizing in spring 2013. The mu
Stork Opens Training Centre for Its Blaster-Sprayers (UK)
Stork Technical Services (Stork), the leading global provider of knowledge-based asset integrity management services for the oil & gas, chemical and power sectors, today announces the opening of its in-house FM (fabric maintenance) training centre at its facility in Aberdeen, UK. Stork invested arou
Nordsøfonden Becomes Member of DUC (Denmark)
Effective from today, July 9, the Danish state-run Nordsøfonden will join the Danish Underground Consortium (DUC). Nordsøfonden will take a 20% interest in the DUC, with Maersk Oil, Shell and Chevron reducing their stakes proportionally. After the proportional reduction of their DUC shares Maersk Oi