Business & Finance
Petrobras O&G Production in May Up 1.9 Pct (Brazil)
Petrobras announces that its average domestic and foreign oil and natural gas output in May was 2,601,223 barrels of oil equivalent per day (boed), up 1.9% on the figure for April. Fields in Brazil produced an average 2,350,476 boed, a rise of 2% on the previous month’s output. Foreign output stood
Norway: Havyard to Design Field Support Vessel for Atlantic Offshore
The Fosnavag-based Havyard Group AS was today officially unveiled as supplier of a Havyard 820 design for the shipping company Atlantic Offshore. Atlantic Offshore is located at Sotra just outside Bergen and has a fleet of 22 vessels. The company has around 580 employees. The vessel is a standby ves
Kulluk and Noble Discoverer Set Sail for the Arctic (USA)
The Kulluk and Noble Discoverer set sail for the Arctic from Vigor Industrial’s Seattle shipyard, following completion of extensive environmental and safety upgrades by its commercial ship repair subsidiary, Vigor Marine. “It is impossible to overstate the pride Vigor Marine teams have felt working
Navios Maritime Holdings to Offer Ship Mortgage Notes (USA)
Navios Maritime Holdings Inc. announced yesterday that it and Navios Maritime Finance (US) Inc., its wholly owned finance subsidiary intend to offer through a private placement, subject to market and other conditions, approximately $88 million of 8 7/8% first priority ship mortgage notes due 2017. T
Canada: Significant Dynamic Positioning in Ice Research Project Gets Green Light
The final piece of a CAD $8.5 million research project to improve DP operations in ice fell into place on May 23, 2012 when the Government of Canada announced a contribution of $3.2 million to the project from the Atlantic Innovation Fund, administered by the Atlantic Canada Opportunities Agency. Le
Fugro Wins Hydrographic Baltic Sea and Bothnian Survey (Germany)
Fugro OSAE GmbH (Bremen, Germany) has been awarded an allocation of the Baltic Sea and Bothnian Survey for the years 2012-13, consisting of a 7,100km² segment worth EUR 2.1 million. Data acquisition will be accomplished by Fugro vessels, two of which, M.V. Meridian and M.V. Victor Hensen, have alrea
USA: Hawaii Undersea Cable to Aid State’s Objectives
A plan to build a 100-mile undersea cable connecting energy grids on Hawaii’s islands would aid in meeting the state’s ambitious renewable-energy objectives, writes AOL Energy. If it proves that the grids can take more energy from renewable sources than the highest levels currently assumed by the in
Atlantic Offshore Orders Field Support Vessel from Havyard (Norway)
Atlantic Offshore chose a Havyard design when securing a North Sea agreement with the France-based international oil and gas corporation Total. The Fosnavåg-based Havyard Group AS was today officially unveiled as supplier of a Havyard 820 design for the shipping company Atlantic Offshore. Atlantic O
Norway: Kvaerner Orders Goliath Crane from Konecranes
In June 2012 Konecranes received an important order for a Goliath gantry crane from Kvaerner in Norway. The Goliath gantry crane will be in operation at Kvaerner’s facilities at Stord on November 2013. The parties have agreed not to disclose the value of the order. The markets on the Norwegian Conti
Preparations for Subsea Cable Project in Canadian Bay of Fundy Continue
The Fundy Ocean Research Centre for Energy has issues two request for proposals for cable-related equipment, thus continuing the preparations for the $11-million subsea cable project that will connect tidal turbines in the Bay of Fundy with the power grid. According to The Chronicle Herald, the tend
INPEX Becomes Operator of Exploration Block Offshore Australia
The exploration block is situated approximately 550km north-northeast of Broome, off the coast of Western Australia, and covers an area of 1,950km2 , with a water depth ranging from 250m to 500m
US Export Shippers Again Name APL Top-Ranked Ocean Carrier
For the fourth time since rankings began in 2007, U.S. agricultural exporters have named APL the world’s top container shipping line. The award, presented here last week by the Agriculture Transportation Coalition, was shared with two competing lines: Hong Kong-based OOCL and K Line of Japan. For Si
Shell’s Drillships En Route to the Arctic (USA)
Shell’s drillships the Kulluk and Noble Discoverer set sail for the Arctic yesterday from Vigor Industrial’s Seattle shipyard, following completion of extensive environmental and safety upgrades by its commercial ship repair subsidiary, Vigor Marine. “It is impossible to overstate the pride Vigor Ma
The Netherlands Extends Its Protection of Food Transports to Somalia
The deployment of a Dutch military security team for the protection of World Food Programme transports to Somalia will be extended by a maximum of 3 months. That was the upshot of a letter sent to the House of Representatives on behalf of the Government by Minister of Foreign Affairs Rosenthal and M