Business & Finance
Norway: TTS to Deliver Subsea Crane to Olympic Shipping AS
Through its fully owned subsidiary TTS Offshore Handling Equipment AS, Bergen-Norway, TTS Group ASA has been awarded the first of two options. The called option is worth between 65 – 70 MNOK. The contract with Kleven relates to new build no. 362 for delivery to Olympic Shipping AS. TTS will deliver
Germany: GL Conducts Clean Shipping Index Verification for Tanker Bit Viking
Germanischer Lloyd (GL) has undertaken its first Clean Shipping Index (CSI) verification for the product tanker Bit Viking. GL issued the vessel with a Statement of Compliance confirming that the data submitted by owner Tarbit Shipping meets the requirements of the Index, an essential step for ensur
Statoil Secures 26 New Leases in U.S. Gulf of Mexico
Statoil was the high bidder on 26 leases in the first lease sale in the Central Gulf of Mexico since March of 2010. With the addition, Statoil will control more than 350 leases in the Gulf of Mexico, further securing its significant leaseholder position “We are very pleased with today’s outcome,” sa
The Netherlands: Dockwise – USD 85 Million in New Awards
Dockwise Ltd. today announces near USD 85 million backlog additions in new contracts, bringing total for this quarter to approximately USD 102 million. Dockwise was awarded fifteen short term contracts, mainly for execution in Q2 and Q3 2012. The projects include twelve jack-up rig transports for va
Nautilus Minerals Provides Update on Dispute Process with State of PNG
Nautilus Minerals Inc. announces that the Independent State of Papua New Guinea has issued a Notice of Arbitration in relation to the dispute which has arisen under the Agreement between the parties dated 29 March 2011. Following the initiation of the dispute resolution process by the Company on Jun
Qatar: Milaha Secures USD 110 Million in Ship Financing from QNB Group
Qatar Shipping SPC, a wholly owned subsidiary of Milaha ( Qatar Navigation QSC), has secured a ten year US $110 million (equivalent to QAR 400 million) ship financing facility with QNB Group. Proceeds from the facility will be utilized by Qatar Shipping to fund the ongoing construction of 19 harbor
Cue Updates on Banambu Deep-1 Exploration Well Progress (Australia)
Cue Energy Resources Limited provides the following update on the Banambu Deep-1 exploration well in permit WA-389-P offshore Carnarvon Basin, Western Australia. Progress The operator has advised that the current operation at 06:00hrs 20 June 2012 is pulling out of hole with the drilling assembly. S
Worley Parsons Selects Supplier for Hebron Living Quarters
Worley Parsons has announced the intent to award the contract for supply of the Living Quarters for ExxonMobil`s Hebron Field offshore New Foundland, Canada, to the Apply Leirvik/ GJCahill Group Partnership. The contract includes delivery of a 7 floor Living Quarters Module with an area of 5300 m2 a
Alexey Miller: Successful Testing Proves Nord Stream to be Highly Reliable
Alexey Miller, Chairman of the Gazprom Management Committee visited the Portovaya compressor station – the key operational element of the Nord Stream gas pipeline. He heard the report on completion of testing at the first string of the gas pipeline. Performed in compliance with the industrial standa
Lundin Gets Drilling Permit for North Sea Well (Norway)
The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 16/2-13, cf. Section 8 of the Resource Management Regulations. Well 16/2-13 will be drilled from the Transocean Arctic drilling facility at position 58°49’59.50’’N 02°39’12.25’’E for Lundin Norway AS in produ
Malaysia: Bumi Armada Announces Newbuilding Program
Malaysia-based international offshore oil field services provider, Bumi Armada Berhad (“Bumi Armada”), announced today its newbuild programme, ’Steel on Water 2’ with the issuance of a Letter of Intent (“LOI”) for four Multi-Purpose Platform Support Vessels (“MPSV”), with an option to build four add
Malaysia’s Bumi Armada Orders Four Vessels from Nam Cheong
Malaysia—based international offshore oil field services provider, Bumi Armada, announced today its newbuild programme, ’Steel on Water 2’ with the issuance of a Letter of Intent (“LO|”) for four Multi—Purpose Platform Support Vessels (“MPSV”), with an option to build four additional units. This new
South Korea: Dae Sun Delivers New Bulk Carrier IONIC HUNTRESS
Recently, South Korean based Dae Sun Shipbuilding & Engineering Co successfully held naming and delivery ceremony of 34,000 DWT Bulk Carrier IONIC HUNTRESS. M.V.IONIC HUNTRESS comes as the second vessel that Dae Sun Shipbuilding & Engineering has constructed for Hellespont Steamship Corporation. The
NPD Acquires 2D Seismic Data in Barents Sea
In the early hours of 16 June, the Norwegian Petroleum Directorate began acquiring two-dimensional (2D) seismic data in the northeast part of the Barents Sea. In all, approximately 14,300 kilometres (40 lines) of seismic data will be acquired in this area. The work will be carried out by the vessel