Business & Finance
Germany: RWE Seeks Compensation for Grid Connection Delay
Incoming Chief Executive of RWE, Peter Terium, said that substantial delays in Nordsee Ost offshore wind farm connection to the grid jeopardize the project’s profitability. Mr. Terium told the weekly magazine Der Spiegel that RWE is inviting the German Government to discuss possible compensation add
Solstad Expands Fleet with Two AHTS Vessels (Norway)
Solstad Offshore has today taken over the ownership of the AHTS «Nor Spring» and «Nor Captain». The vessels have been on bareboat contract to SOFF from Java Marine Lines for nearly 5 years and SOFF has now used its options to purchase the vessels. The cost price is 100% financed by a loan of USD [&h
Kenya: Total Awarded Offshore L22 License in Lamu Basin
Total announced the signature of a production sharing contract with the Kenyan government for Block L22, which it will operate with a 100% interest. Covering an area of more than 10,000 square kilometers, the exploration license is located offshore the Lamu Archipelago in water depths of between 2,0
Avance Gas Holding Expands VLGC Fleet (UK)
Stolt-Nielsen Limited announced today that Avance Gas Holding Ltd. (AGHL), a joint venture between Sungas Holdings Ltd. and Stolt-Nielsen Gas Ltd. has reached an agreement with Transpetrol Shipping Ltd. (Transpetrol) whereby Transpetrol will sell its two very large gas carriers (VLGC) to AGHL in ret
Subsea UK: Industry Growth Demands More Employees
The industry body which represents over 250 companies across the UK has revealed that 10,000 jobs could be created in the sector in the next 12 months. Following a survey, Subsea UK has found that almost one fifth of its membership will need over 2,000 people in the next 12 months to cope with the [
Gardline Vessel George D Starts Its Journey to Cameroon Onboard MV Pangini
Gardline’s coastal survey vessel the George D, named after the founder of the company, George Darling was lifted from the dock in Great Yarmouth early Tuesday morning and loaded onto the mighty 7002 tonne MV Pangini for its transportation to Douala, the largest port and city in Cameroon. The George
Gardline’s Survey Vessel George D Onboard MV Pangini on Route to Cameroon
Gardline’s coastal survey vessel the George D, named after the founder of the company, George Darling was lifted from the dock in Great Yarmouth early Tuesday morning and loaded onto the mighty 7002 tonne MV Pangini for its transportation to Douala, the largest port and city in Cameroon. The George
Total, Kenya Sign PSC for L22 Offshore Block
French supermajor Total has signed a production sharing contract (PSC) with the Kenyan government for Block L22. Total, which has been present in exploration and production in Kenya since 2011, will operate the block with a 100% interest. Covering an area of more than 10,000 square kilometers, the e
Finland: Deltamarin to Design B.Delta37 Bulk Carriers
Deltamarin has entered into a new contract with Yangfan Group (China) for the design of B.Delta37 Bulk Carriers to be built for d’Amico Societa di Navigazione S.p.A. who placed with the Chinese builder a series of six fixed orders and six options. Deltamarin will procure the Basic Design, part of th
RWE Seeks German Government’s Compensation for Grid Connection Delays
Incoming Chief Executive of RWE, Peter Terium, said that substantial delays in Nordsee Ost offshore wind farm connection to the grid jeopardize the project’s profitability. Mr. Terium told the weekly magazine Der Spiegel that RWE is inviting the German Government to discuss possible compensation add
UK: Rolls-Royce to Lead Unmanned Naval Vehicle Missions Project
Rolls-Royce, the global power systems company, will lead a project to develop new technologies to support unmanned naval vehicle missions, following an award of $3 million from the Atlantic Canada Opportunities Agency (ACOA). The development of Unmanned Surface Vehicles (USVs) and Unmanned Underwate
Norway: Solstad Offshore Takes Over “Nor Spring” and “Nor Captain”
Solstad Offshore has today taken over the ownership over the Anchor Handling Tug Supply vessels (AHTS) “Nor Spring” and “Nor Captain”. The vessels have been on a bareboat contract to SOFF from Java Marine Lines for nearly 5 years and SOFF has now used its options to purchase the vessels. The cost pr
Cyprus: Standard Drilling Sells Two Jack-Up Drilling Rigs
On June 26th, SD Standard Drilling Plc has entered into a final SPA for the sale of one rig (B324) under construction and further issued the buyer an option to purchase a second rig (B337) under construction. If the option is exercised the gross combined price will be USD 426m. The option to purchas
USA: NOAA Announces Walter B. Jones Excellence Awards
The late Peter C. Douglas, longtime head of the California Coastal Commission, leads the list of the 2012 Walter B. Jones and NOAA… [mappress] Source: NOAA , June 27, 2012