Business & Finance
The Netherlands: Dockwise Votes Against Fairstar’s Share Issuance Proposal
Fairstar Heavy Transport N.V. (FAIR) convened an Extraordinary Meeting of Shareholders today in Rotterdam. The purpose of the Meeting was to approve the issue of 30 million shares in Fairstar for the purposes of constructing an additional 50,000 DWT semi-submersible ship identical in specification t
USA: ATP Oil & Gas Welcomes New CEO
ATP Oil & Gas Corporation, an international offshore oil and gas development and production company with operations in the Gulf of Mexico, Mediterranean Sea and the North Sea, announced that Matt McCarroll has joined ATP as Chief Executive Officer of ATP Oil & Gas Corporation. ATP Chairman T. Paul B
Sweden: Alfa Laval to Supply Equipment for World’s First FLNG Facility
Alfa Laval, a world leader in heat transfer, centrifugal separation and fluid handling, has won an order from a Technip Samsung Consortium (TSC) to supply Alfa Laval equipment to Shell’s Prelude FLNG facility. FLNG opens up new business opportunities for countries looking to develop their gas resour
UK: Endeavour Acquires Additional Interest in ConocoPhillips’ Alba Field
Endeavour International Corporation announced yesterday that it had completed the acquisition of the additional 23.43% working interest in the Alba field from ConocoPhillips. The Alba oil field, located in Block 16/26a, in the Central North Sea is a late Eocene reservoir that has been producing sinc
SBO Expects Delivery of First WIV from South Korea in July 2012
Swire Blue Ocean (SBO) is currently building two sister Windfarm Installation Vessels (WIVs) at the Samsung yard in South Korea. The SBO vessel design focuses on safety, efficiency and reliability and will provide clients with a significantly improved operating weather window. The advanced specifica
ExxonMobil Canada Gets Hebron Development Plan Approval
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) approved the Hebron Development Plan. The approval of the Development Plan now enables ExxonMobil Canada Properties Limited to proceed with development of the Hebron Field, which is estimated to contain 707 million barrels of oi
Russia: Research Ship Seliger – First Stage of Sea Trials Completed
Research ship Seliger of Project 11982 built by JSC Yantar Shipyard has completed the first stage of sea trials and returned to the Yantar ‘s quay. First phase of the sea trials began on April 13, when it was relocated to the shipyard’s delivery base in Baltiysk. The research ship Seliger carried ou
RWE Dea Norge Wins German-Norwegian Chamber of Commerce Business Award 2012
RWE Dea Norge AS, a subsidiary of the German oil and gas company RWE Dea AG, has won the German-Norwegian Chamber of Commerce annual Business Award 2012 for its focus on the development of new methods and exchange of knowledge between Norway and Germany. “We are very honoured to receive this award w
Sweden: Port of Helsingborg, Copenhagen Malmo Port Sign LOI
On Thursday Helsingborgs Hamn AB (HHAB), the company behind Port of Helsingborg, and Copenhagen Malmö Port AB (CMP AB) signed a letter of intent to investigate the scope for creating a joint port authority. The boards at both companies have approved a decision to look into the possibility of enhance
Taiwan Companies Set to Grab Offshore Wind Opportunities
Taiwanese companies from various industries are set to search for profit in renewables market, after the government’s decision to fund construction of 600 large offshore wind turbines. Around 50 local companies formed the Taiwan Wind Turbine Industry Association (TWTIA) this April, with the purpose
Taiwan Companies Set to Grab Offshore Wind Opportunities
Taiwanese companies from various industries are set to search for profit in renewables market, after the government’s decision to fund construction of 600 large offshore wind turbines. Around 50 local companies formed the Taiwan Wind Turbine Industry Association (TWTIA) this April, with the purpose
USA: Schlumberger Sells Wilson Business to National Oilwell Varco
Schlumberger Limited announced that it has completed the sale of its Wilson distribution business to National Oilwell Varco, Inc. Additionally, Schlumberger has committed to divest the remaining portion of its distribution business by agreeing to support NOV’s previously announced proposed acquisiti
USA: ATP Resumes Recompletion Works at Telemark Hub
ATP Oil & Gas Corporation today announced that it has resumed recompletion operations at the Mississippi Canyon (MC) 941 A-2 well at the company’s Telemark Hub. The recompletion was suspended while the company recovered a piece of tubing that was stuck in the casing. All of the tubing has now been r
UK: Endeavour Buys More Stake in Alba Field
Endeavour International Corporation yesterday announced that it had completed the acquisition of the additional 23.43% working interest in the Alba field from ConocoPhillips. The Alba oil field, located in Block 16/26a, in the Central North Sea is a late Eocene reservoir that has been producing sinc