Business & Finance
Italy’s Saipem Secures Multiple Offshore Drilling Contracts
Saipem has been awarded new offshore and onshore drilling contracts worth approximately $500 million. In offshore drilling, Saipem has signed a two year extension of the contract with Eni for the charter of Perro Negro 8, which is engaged in activities offshore Italy in the Adriatic Sea. The contrac
EMO Welcomes World’s Largest Dry Bulk Vessel (The Netherlands)
EMO (HES Beheer economic interest 36.6%) today welcomed the “Vale Italia”, a “Very Large Ore Carrier” on her terminal, at Rotterdam’s Maasvlakte. This magnificent new vessel carries 380,000 tonnes of iron ore for the German steel industry. EMO will unload the “Vale Italia” in approximately 4 days us
Norway: Ministry of Petroleum Offers 72 Barents Sea Blocks
Today, 26 June, the Ministry of Petroleum and Energy (MPE) has announced the 22 nd licensing round on the Norwegian continental shelf. Eighty-six blocks/parts of blocks are being announced in this round; 14 in the Norwegian Sea and 72 in the Barents Sea. “The interest in exploring in the Barents Sea
PSA Norway Inspects Emergency Preparedness Level on Troll B
The Petroleum Safety Authority Norway (PSA) carried out an audit of emergency preparedness on Statoil’s Troll B platform on 26 March 2012. The objective of the activity was to gain an overview of processes and systems that contribute towards ensuring comprehensive leadership and management of emerge
Malaysia: Johor Port – Five Year Modernisation Plan
Malaysia’s Johor Port has embarked on a five-year business and expansion plan to redevelop and restructure the port infrastructure, and upgrade equipment and facilities. “Industries in Pasir Gudang are growing to the extent that they have now expanded to the Tanjung Langsat Industrial area. Therefor
Bermuda: Greater Responsibility to Be Bestowed on Ship Owners
A greater responsibility is to be bestowed on ship owners in relation to providing medical care to the crew members onboard their vessels, with the new amendments to Merchant Shipping Amendment Act being prepared by the Bermuda House of Assembly, the Royal Gazette informed. The announced changes sti
Russia: Sovcomflot Places USD 1 Billion Order with OSC
Russian shipping company Sovcomflot has placed a USD 1 billion order for construction of four seismographic ships with Russia’s United Shipbuilding Corporation (OSC), RIA Novosti writes citing Deputy General Director of OJSC United Shipbuilding Corporation Roman Trotsenko. Speaking at the St. Peters
Germany: Hamburg Sud Aims to Reduce CO2e Emissions
Hamburg Süd is pressing ahead vigorously with its commitment to environmental protection. The shipping group thus decided recently to set itself an objectively measurable environmental target: by 2020 Hamburg Süd is aiming to reduce the CO2e emissions of its owned and chartered container vessels per
Rialto Hires Sapphire Driller Jack-Up for 2013 Drilling Campaign (Ivory Coast)
Rialto has signed an agreement with Vantage Drilling Company to use the Sapphire Driller Jack-up drilling rig for its proposed 2013 drilling programme on the CI-202 Block. The Sapphire Driller, which is currently on a long term contract in Cote d’Ivoire, is anticipated to be handed over to Rialto du
Rolls-Royce to Power South Korea Navy’s Frigate with MT30 Gas Turbine
Rolls-Royce, the global power systems company, has been selected to supply its MT30 gas turbine to power a new FFX frigate for the Republic of Korea’s Navy. This is the first order for the MT30 in Asia. The FFX frigate will use a single MT30 rather than a pair, which demonstrates that the engine is
Spanish Shipyard to Build New PSV for Simon Mokster
On June 22 Simon Møkster has signed a contract with Astilleros Gondan in Spain for the building of the advanced Platform Supply Vessel of UT776 WP design. This will be the second vessel Astilleros Gondan constructs for Møkster. Gondan has previously delivered “Stril Merkur”, a multi field support ve
BP Sells UK North Sea Interests for USD 280 million
BP announced today that it has agreed to sell its interests in the Alba and Britannia fields in the UK North Sea to Mitsui & Co., Ltd. (‘Mitsui’) for $280 million in cash. The sale comprises BP’s non-operating 13.3% stake in Alba and 8.97% stake in Britannia. Completion of the deal is anticipated by
GlobeNet Extends Subsea Network to Colombia
Oi’s international subsidiary – GlobeNet – a leading provider of submarine capacity, announces that it is extending its subsea network to Colombia, thus creating an express route from its future landing on Colombia’s Atlantic coast to Miami, Florida – USA. As a direct extension from its existing sub
Simon Møkster Orders Platform Supply Vessel in Spain
Simon Møkster last week signed a contract with Spanish shipyard Astilleros Gondan for the building of the advanced Platform Supply Vessel of UT776 WP design. This will be the second vessel Astilleros Gondan constructs for Møkster. Gondan has previously delivered the multi field support vessel “Stril