Business & Finance
CNOOC Inks PSC with Primeline for Block 33/07 in East China Sea
CNOOC Limited announced that its parent company, China National Offshore Oil Corporation (CNOOC) has signed a production sharing contract (PSC) with Primeline Energy China Limited (PECL) and Primeline Petroleum Corporation (PPC) for Block 33/07 in the East China Sea. Block 33/07 is located about 390
Call for Industry to Act upon Maritime Labour Convention
On 12 June, the International Labour Organisation announced that Sweden had become the 28th country to ratify the Maritime Labour Convention (MLC) 2006. DNV has further information that Cyprus has submitted its documents of ratification and the ILO has announced that the Russian Duma has adopted the
HT, GL Team Up for Construction of Dual-Fuel LNG Powered Vessel (China)
Recently Jiangsu Hantong Ship Heavy Industry Co., Ltd signed a technical cooperation contract for the first 50K DWT dual-fuel LNG powered vessel with GL, Technolog, MAN. This means that the ship can be operated both with conventional fuels as well as with very environmentally friendly LNG (liquid na
Germany: MS ‘PICTOR J’ – The First Vessel at Jade-Weser-Port
MS “PICTOR J” of the shipping company Jüngerhans resident in Haren (Ems) has moored as the first vessel at the new container terminal of the Jade-Weser-Port in Wilhelmshaven. With this vessel loaded with 75 empty containers, water-side operating tests should start at the unique german deepwater port
UK: Humber May House New Turbine Factory
French turbine manufacturer Areva Wind has announced it is considering four possible sites along the northeast coast of Britain for a new factory, and the Humber is understood to be on the shortlist of possible locations, the Yorkshire Post writes. The Humber is competing against other port sites on
UK: Humber May House New Turbine Factory
French turbine manufacturer Areva Wind has announced it is considering four possible sites along the northeast coast of Britain for a new factory, and the Humber is understood to be on the shortlist of possible locations, the Yorkshire Post writes. The Humber is competing against other port sites on
UK: Gardline Geosurvey Selects Sonardyne’s Tracking System
Leading marine contractor Gardline Geosurvey has selected Sonardyne International’s Ranger 2 USBL tracking system as part of a multi vessel upgrade programme. By equipping its survey vessels with Sonardyne’s latest generation acoustic technology platform, Gardline will now benefit from Ranger 2’s ab
Offshore Marine Renames Personnel Department (UK)
Offshore Marine Group, owners of Offshore Marine Management (OMM), has announced that due to the growth and success of its personnel department it will soon rename, rebrand and launch the existing department as “Main Source Offshore People LTD” (MSOP). MSOP was launched at the RenewableUK Global Off
Petrobras Approves Investments of USD 236.5 Billion (Brazil)
Brazil’s oil and gas giant Petrobras has approved the company’s 2012-2016 Business Plan with investments totaling US$ 236.5bn (R$ 416.5bn) and averaging of US$ 47.3bn per year. The 2012-2016 Business Plan is based on the integrated management of the Company’s project portfolio, with emphasis on: • R
UK: Port of Tyne Acquires Land for Expansion Plans
The Port of Tyne has acquired 10 acres of land adjoining its Tyne Dock estate in South Shields from the Administrators of McNulty Offshore Group Holdings Limited. It is a strategic acquisition which will support the Port’s plans for future growth in both its existing business sectors and new areas.
Indonesia and Timor Leste Ink MoU for Oil and Gas Cooperation
PT Pertamina (Persero) and Timor Gas E Petroleo, National Oil Company of Democratic Republic of Timor Leste, signed the Memorandum of Understanding for developing business together in oil and gas sector in Timor Leste. The Memorandum of Understanding (MoU) was signed by President Director of Pertami
Rainbow-Cargotec JV Company Breaks Ground on New Facility in China
Rainbow-Cargotec Industries Co Ltd (RCI) is a joint venture of Cargotec and Jiangsu Rainbow Heavy Industries Co., Ltd. (RHI) in China. The companies celebrate the ground breaking for RCI’s new facility in Taicang Jiangsu province, China today. The ground breaking ceremony for the new facility is hos
UK: Chinese to Increase Offshore Wind Investment
A joint initiative by Norfolk, Suffolk and Essex counties to work with China in order to create more jobs by making new export and inward investment opportunities brought a key visit by a Chinese delegation of world-leading manufacturers of wind farm equipment. The multi-million pound investors from
Norway: Ocean Installer Completes Survey Work at Balder Field
Ocean Installer has successfully completed survey and intervention work at the Balder field, as contracted by ExxonMobil Exploration & Production Norway AS. The work was performed in May 2012, according to schedule and in line with Ocean Installer’s quality and HSE standards and requirements. The co