Business & Finance
Australia to Invest USD 33 Mln to Support Ocean Programs
Australia will commit $33 million to help developing countries in the Asia‑Pacific sustainably manage their oceans, fisheries and coasts. Speaking at a Blue Economy event co-hosted by the President of Indonesia and the Prime Minister of Grenada, the Prime Minister said that oceans were an important
Penspen Plans to Open New Office in Mexico
Oil and gas engineering group Penspen has announced plans to open a new office in Mexico City to expand on its existing bases in Ciudad de Carmen and Comalcalco. The office will be Penspen’s third location in Mexico. Penspen has had a strong presence in Mexico for over 15 years, undertaking a wide r
Russia: SCF Group Members Agree on USD 140 Mln Loan
Citi, Bank of America Merrill Lynch, and OAO Sovcomflot (SCF Group) have signed a USD 140 million, 7 year loan Agreement to finance the construction of two VLCC-tankers. The vessels are currently under construction with delivery scheduled in 2013. They will operate on long-term charter agreements wi
Germany: First LNG-Powered Ship Arrives in Port of Hamburg
At the Überseebrücke pier, the Port of Hamburg has for the first time been able to welcome an LNG-fuelled ship. The KV BARENTSHAV belongs to the Norwegian Coastguard fleet, and is deployed on fisheries controls, sea rescue, policing, Customs inspections and environmental checks within Norwegian terr
SPE International President Visits Aberdeen Section (UK)
The President of SPE International, a global society which aims to advance the technical and professional skills of individuals in the oil and gas industry, spent last week visiting the Aberdeen section including attending its annual awards ceremony. President Dr. Ganesh Thakur was in the city to he
Largest Ever Deal for Atlantic Offshore (Norway)
Atlantic Offshore has confirmed the signing of a contract with Statoil to operate two Platform Supply Vessels (PSV) from 2014. The agreement, which consists of two contracts, has a length of six years with an option for a further three years. The vessels will be built in Norway and ensuring importan
New JV Offers Wave Gliders Services for Oil and Gas Industry (USA)
Liquid Robotics, Inc. and Schlumberger yesterday announced the creation of Liquid Robotics Oil & Gas, a joint venture to develop services for the oil and gas industry using Wave Gliders, the world’s first wave-powered, autonomous marine vehicles. The joint venture will combine Liquid Robotics Wave G
Norway: Det Norske Welcomes New Chief Financial Officer
Det norske announces the appointment of Mr. Alexander Krane (36) as its new Chief Financial Officer. Mr. Krane has an MSc degree (”siviløkonom”) and is a Norwegian State Authorized Public Accountant. He comes to Det norske from Aker ASA, where he served as Corporate Controller. Previous positions ha
Armed Support for Vessels Transiting High Risk Maritime Areas Not a Solution (UK)
The current focus on armed support for vessels transiting high risk maritime areas in Africa, the Middle East and elsewhere should not become the norm, GAC Solutions’ Christer Sjödoff has told delegates from the shipping and offshore industries who gathered in London to debate long-term, effective w
Technip Secures Services Contract for Ichthys FPSO Unit (Australia)
Technip was awarded a services contract for the Ichthys floating production storage and offloading (FPSO) unit. The FPSO unit will be located in the Browse Basin, Western Australia, at a water depth of 250 meters. Technip will provide these services to Daewoo Shipbuilding & Marine Engineering (DSME)
MFA, DP World Organize Second Counter-Piracy Conference in Dubai, UAE
Since 2007, 3500 seafarers have been held captive by pirates operating out of Somalia and 62 have lost their lives, more than 200 seafarers are still being held, often beaten and tortured, with no contact with their loved ones, while hundreds of seafarers are preparing to sail through waters where t
Aker Solutions Opens Huge Drilling Equipment Facility in Brazil
Norway based Aker Solution opens a drilling equipment facility in Macaé, the centre of the Brazilian offshore petroleum industry.
NOAA Predicts Hypoxic Zone in Gulf of Mexico
A team of NOAA-supported scientists is predicting that this year’s Gulf of Mexico hypoxic zone could range from a low of approximately… [mappress] Source: NOAA, June 22, 2012; Image: NOAA
Statnett’s Norway-Germany Project to Be Realised in 2018
At a meeting in Berlin yesterday between Minister of Petroleum and Energy Ola Borten Moe and Germany’s Federal Minister of Economics and Technology Philipp Rösler it was made clear that Statnett’s plans for a power cable between Norway and Germany can be realised in 2018. At the same time Statnett a