Business & Finance
U.A.E: Polarcus Takes Delivery of 3D Seismic Vessel Polarcus Adira
ULSTEIN® delivered the high-tech seismic research vessel Polarcus Adira to marine geophysical company Polarcus. The vessel of the SX134 design is vessel number eight in Polarcus’ fleet of modern and advanced seismic vessels, all designed by ULSTEIN. “ULSTEIN set the standard with the punctual delive
UAE: Polarcus Adira Joins the Polarcus Fleet
Polarcus Limited ( PLCS) announced that Polarcus Adira AS, a member of the Polarcus Group, took delivery today, 21 June 2012, of POLARCUS ADIRA, the eighth 3D seismic vessel to date to join the Polarcus fleet. The vessel was built at Ulstein Verft in Norway and following a short shakedown will comme
Polarcus Adira: The Eighth 3D Seismic Vessel in Polarcus’ Fleet (UAE)
Polarcus Limited took delivery today, 21 June 2012, of POLARCUS ADIRA, the eighth 3D seismic vessel to date to join the Polarcus fleet. The vessel was built at Ulstein Verft in Norway and following a short shakedown will commence operations on the previously announced charter for TGS-NOPEC Geophysic
Six New Leases for EPL in Central GoM Lease Sale (USA)
Energy Partners, Ltd., a U.S. based oil and gas exploration and production company announced was the high bidder on six leases at the Central Gulf of Mexico Lease Sale 216/222 held yesterday in New Orleans, Louisiana. The six high bid lease blocks cover a total of 27,148 acres on a net and gross bas
Providence Announces Barryroe Well Update (Ireland)
Lansdowne Oil & Gas plc, the AIM listed oil and gas exploration company, received the announcement today of the technical update by Providence Resources plc (“Providence”) on the successful Barryroe appraisal well 48/24-10z in the North Celtic Sea. Lansdowne has a 20% interest in the Barryroe projec
France: Bourbon Secures Major Financing for Vessel Investment
To support its growth and finance its investment program for new vessels, BOURBON announced the establishment of new financing for a total of 420 million euros (approximately USD 532 million). The financing takes the form of a new Club Deal for a total of 240 million euros with a syndicate of 8 Fren
Banks Provide Bourbon with USD 532 Mln Loan for New Offshore Vessels (France)
An international player in offshore oil and gas marine services, BOURBON, based in France, has secured bank loans to finance the growth of its fleet. Spurred by an increasing world market oil demand, BOURBON decided to invest massively in a new large series of new generation vessels.
EU Member States Need to Carry Out Maritime Spatial Planning
The European Commission needs to encourage EU Member States to carry out maritime spatial planning, and co-operate on how they use their sea space, due to the growing number of users of Europe’s seas – including offshore renewable energy – a new report, co-financed by the European Commission’s Intel
UK: J+S Launches Mooring Verification System
Barnstaple and Aberdeen based engineering firm J+S enjoyed a successful launch of their latest addition to their marine renewable energy product portfolio at AllEnergyUK in Aberdeen last May. The J+S Mooring Verification System (MVS) is an extension of the subsea range of products developed specific
Russia: Baltic Shipyard Launches Fourth BFC’s Oil Tanker
Baltic Shipyard held an official launching and naming ceremony on June 19, 2012 for the fourth vessel in a series of non-self-propelled oil tankers of 2734 Project, built under order of the group of companies “Baltic Fuel Company” (BFC). The vessel was named “Ksenia”. Construction of the four tanker
Statoil: Global Energy Demand to Increase 40 pct Towards 2040
Today Statoil launches its annual outlook for global economics and energy markets – Energy Perspectives 2012. It foresees significant progress for energy efficiency, but global energy demand is still expected to increase by more than 40 per cent towards 2040. Fossil fuels account for the majority of
Noble Halts Production at Pinnacles Well, Offshore Israel
Noble Energy temporarily suspended the gas flow from Pinnacles #1 well offshore Israel, on June 14, only two days after the gas started flowing. The operator informed its partners, Delek Group, that it would stop the gas flow due to an indication of a gas composition which does not match the specifi
Greece: TOP Ships Charters Out M/V “EVIAN”
TOP Ships Inc., an international maritime shipping company that provides transportation services for crude oil, petroleum products, and dry bulk commodities, announced today that it entered into a bareboat agreement to charter out the M/V “EVIAN” up to 15 December 2014 at a daily rate of US$ 7,000.
Kvaerner Verdal Reports Management Changes (Norway)
As part of the development of the jackets business towards operational excellence, Nina Udnes Tronstad steps down from her position as Executive Vice President for the Jackets business area and President of Kvaerner Verdal A/S. Senior Vice President Sverre Myklebust will as of today act in both posi