Business & Finance
Standard Drilling Selling Under Construction Rigs for USD 426 Mln (Cyprus)
Cyprus-based SD Standard Drilling Plc (“Standard Drilling”) has today 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
France: Piriou Breaks Into Exploration Ships Market with New Order
Piriou wins a historic order and breaks into a new market, that of exploration ships. PIRIOU has just signed a contract for the construction of an exploration ship 76 metres in length that it will deliver in 36 months to a European shipowner. The ship will be built in Concarneau (29) by CHANTIERS PI
Cairn’s Subsidiary Acquires Stake in PL497 (Norway)
Bridge Energy ASA, the Oslo Axess-listed oil and gas exploration and production company, has executed an agreement with Agora Oil & Gas AS which is 100% owned by Cairn Energy PLC (“Cairn”), for the farm-down of a 15% working interest in production licences PL497 and PL497B on the Norwegian Continent
UANI Urges KRS to Stop Certifying Iranian Shipping Vessels
On Tuesday, United Against Nuclear Iran (UANI) called on the Korean Register of Shipping (KRS) to stop certifying Iranian shipping vessels, specifically those of the Islamic Republic of Iran Shipping Lines (IRISL) and National Iranian Tanker Company (NITC). “the world must deny Iran’s access to inte
Arklow Marine Launches 20m WFSV Ahead of Schedule (Ireland)
On the longest day of the year Arklow Marine Services successfully launched their second 20 metre wind farm service vessel into the River Avoca at Arklow. The vessel looking splendid in her Alicat colours has again been delivered ahead of her scheduled delivery date. Local people crammed the quaysid
USA: Navy’s Floating Research Platform R/P Flip Celebrates 50th Year of Service
With an ability to drift over the ocean like a ship–yet transform into a vertical buoy in pursuit of scientific research–the Department of the Navy’s Floating Instrument Platform (R/P FLIP) is celebrating its 50th year of service June 29. Scores of scientists have deployed aboard the 355-foot resear
UK: GIB Excludes Wave and Tidal Energy from Its Plans
Green Investment Bank has excluded wave and tidal energy from their plans and said it will focus on other projects reports BBC. Lord Smith of Kelvin, new chairman of GIB, said they will invest a GBP 3 billion budget in projects that will make a commercial return. He outlined “five priority areas. Of
Imtech to Power Three Turkish Navy Auxiliary Vessels (The Netherlands)
Royal Imtech N.V. announces that it has signed a contract for the design and supply of all electric systems to power three Turkish Navy Auxiliary vessels, consisting of one Submarine Rescue Mother Ship (MoShip) and two Rescue and Towing Ships (RATships). All ships will be built by Istanbul Shipyard
USA: Deepwater Wind to Add Fiber Optic Cables to Submarine Cables
Deepwater Wind has agreed to add fiber optic cables to their submarine power cable between Block Island and Narragansett, the Block Island Times writes. Providence based wind energy company is planning to install 5 turbines southeast of Block Island. The wind farm will generate over 100,000 megawatt
Maersk Oil: There Is More Oil and Gas to Be Found in Danish North Sea
Maersk Oil will drill an exploration well on the Maja licence in the Danish North Sea after the Danish Energy Agency (DEA) granted it a two-year extension to two licences in the region. The well will target a High Pressure High Temperature (HPHT) prospect in the licence and will be drilled within th
UK: GIB Deals Blow to Wave and Tidal Energy
Green Investment Bank (GIB) has excluded wave and tidal energy from its plans and said it will focus on other projects, reports the BBC. Lord Smith of Kelvin, the new chairman of GIB, said the bank will invest GBP 3 billion budget in projects that will make a commercial return. He outlined five prio
Djiboutian President Attends Opening of Djiboutian Naval Operations Centre
On Wednesday, June 23 His Excellency Ismail Omar Guelleh, President of the Republic of Djibouti, attended the opening of the new Djiboutian Naval Operations Centre. Djiboutian military and civilian authorities were present, along with representatives from the USA and France, who provided support to
Royal Navy’s HMS Protector Surveys Antarctic Peninsula
Royal Navy ice patrol ship HMS Protector returns home to Portsmouth on Wednesday (June 27) from her maiden deployment to the frozen continent of Antarctica. The 5,000-tonne ice-breaker spent most of her seven months away surveying and patrolling the Antarctic Peninsula. In her first deployment since
Brazil: InterMoor Completes Installation of Conductors for Shell BC 10 Phase 2
InterMoor, an Acteon company, has completed the installation of the Electrical Submersible Pump (ESP) Conductors for the artificial lift manifold as part of the Shell BC-10 Phase 2 project, announced InterMoor Global President Tom Fulton. InterMoor was responsible for the fabrication and installatio