Business & Finance
ConocoPhillips Repairs BOPs on Boreas-1 Offshore Australia
Karoon Gas Australia Ltd advises that at 06:00 hours (WST) today, ConocoPhillips was completing pressure testing and pre-deployment checks of the BOPs on surface. Since the last report, the BOPs and marine riser were run to the sea floor, and after failing to function satisfactorily they were pulled
GSP Saturn Rig Spuds Its First North Sea Well (The Netherlands)
GSP Offshore, a company based in Romania, announced that its GSP Saturn jack-up rig on Tuesday began the drilling operations in the Dutch Sector of the North Sea under the contract with Wintershall Noordzee B.V. GSP Saturn will operate under the current contract, signed in March 2012, for an initial
Norway: Atlantic Offshore Sells Its Oldest PSV
Atlantic Offshore’s oldest PSV is now sold and delivered to new owners. The vessel will leave the offshore supply market and enter the windmill support market. It was sold slightly above book value. Atlantic Offshore, previously known as Sartor Offshore AS was established in 2008. The company acquir
Poland: University of Gdańsk Invites Tenders for Supply of Research Vessel
University of Gdańsk has announced a tender invitation for the supply of a research vessel. This specialized research vessel would be used for operations in the Baltic Sea. The vessel should be a specialized catamaran for scientific research, inter-disciplinary marine research and training students.
Malaysia: MMHE Reveals Major Yard Optimization Investment Plans
Major investments plans worth MYR1.9bn ($600m) have been revealed by Malaysia Marine & Heavy Engineering (MMHE), one of Malaysia’s top providers of marine engineering services, Seatrade reported Friday. The said investment would encompass the upcoming period of four years, targeting extensive yard o
Australia: Austal Holds Keel Laying for First Vessel of Cape Class Patrol Boat Program
Demonstrating the rapid progress of the Cape Class Patrol Boat Program, Austal today hosted a keel-laying ceremony for the first of eight high performance patrol boats it is building for the Australian Customs and Border Protection Service. Keel-laying traditionally marks the first significant miles
Norway: Kongsberg Protects IT Systems with NSP
Norman ASA, a global security leader, enters an OEM agreement where it will supply the Norman SCADA Protection (NSP) system to Kongsberg Maritime. KONGSBERG will use the NSP security solution in its maritime systems that it supplies worldwide. Kongsberg Maritime is a leading global supplier of marit
Dolphin Secures Cash for Drillship Under Construction (Norway)
Dolphin International AS, a subsidiary of Fred. Olsen Energy ASA, has signed a new five year bank credit facility of up to USD 1.500 million. The credit facility will be used to prepay existing bank loans, full-finance the newbuild Bolette Dolphin, under construction at Hyundai Heavy Industries’ shi
ConocoPhillips Completes Repairs on Boreas-1 BOPs (Australia)
Karoon Gas Australia Ltd advises that at 06:00 hours (WST) today, ConocoPhillips was completing pressure testing and pre-deployment checks of the blowout preventers on surface, at Boreas-1 well, offshore Australia. Since the last report, the BOPs and marine riser were run to the sea floor, and after
Greece: Ship Financing under Posidonia Spotlight
A few days after Aggelikousis Group’s US$1.25 billion credit facility with six banks for the financing of nine LNG carriers was made public, delegates of a shipbuilding conference held during the fourth day of this year’s Posidonia Exhibition heard that increasing defaults on existing financing agre
Norway: Atlantic Offshore Sells ‘Ocean Scout’ Vessel
Atlantic Offshore’s oldest PSV is now sold and delivered to new owners. The vessel will leave the offshore supply market and enter the windmill support market. It was sold slightly above book value. Atlantic Offshore, previously known as Sartor Offshore AS was established in 2008. The company acquir
Statoil to Deliver LNG to Petronas (Malaysia)
Statoil increases its efforts relating to supply of gas to the Asian market, and has for the first time entered into an agreement for long-term LNG deliveries in that region. This week Statoil signed an agreement to deliver LNG to Petronas at their LNG import terminal in Malaka. “We have had a very
USA: M3Wave Surpasses USD 500.000 Mark in Grant Awards
M3Wave announced that the company has surpassed the $500,000 mark in grant awards in the last 18 months. M3 Wave Energy Systems LLC was formed to commercialize the DMP ocean power device. Funding for M3 Wave Energy Systems LLC is predominantly a combination of US Government grants and private invest
Ciena’s Intelligent Mesh Chosen for LION 2 Submarine Project in Africa
Ciena® Corporation, the network specialist, announced its collaboration with the LION2 consortium on the recently inaugurated second phase of the LION (Lower Indian Ocean Network) submarine cable project in Africa. As part of the project, Ciena’s intelligent optical switching solution – already depl