Business & Finance
IHC Merwede Opens Yard Facility in Louisiana, USA
Dutch-based specialist in design and construction activities for the specialist maritime sector sets up a regional office in North America.
Removal of MV Tycoon Wreck Commences on Christmas Island
The Australian Government has stepped in to remove the wreck of the MV Tycoon from the Port of Christmas Island. The vessel broke free of its moorings and crashed into cliffs on 8 January 2012, and is now a wreck. Removal of the wreck is normally the responsibility of the owner. However, as the [&he
Fred. Olsen Production: No Go for FPSO Deal in Vietnam
Norway’s Fred. Olsen Production ASA has announced that a letter of intent (LOI) for an FPSO charter contract, in which the company entered with Petrovietnam in December 2011, has expired. Under the LOI, Fred. Olsen Production and Marubeni of Japan were supposed to be awarded contracts for the constr
Eco Wave Power Installs Wave Energy Power Plant in Black Sea
Eco Wave Power has successfully installed a medium-scale wave energy power plant, in the Black Sea, during the month of April, 2012. The installation of EWP’s system, took place during that month in recognition of the international Mother Earth Day, celebrated in more than 175 countries every year.
Carbon Trust to Run Scottish GBP 18 Million Marine Energy Scheme
Carbon Trust will help run a new multi-million pound fund to help develop Scotland’s first commercial wave and tidal power arrays. Addressing the AllEnergy conference in Aberdeen, First Minister Alex Salmond launched Scotland’s Marine Renewables Commercialisation Fund (MRCF). The First Minister said
Carbon Trust to Run Scottish GBP 18 Million Marine Energy Scheme
Carbon Trust will help run a new multi-million pound fund to help develop Scotland’s first commercial wave and tidal power arrays. Addressing the AllEnergy conference in Aberdeen, First Minister Alex Salmond launched Scotland’s Marine Renewables Commercialisation Fund (MRCF). The First Minister said
China: New AHTS Vessel ‘Teras Genesis’ Delivered
Teras Genesis, was a speculative build project, constructed, for maximum cost effectiveness, at the tail end of a series of four Bahraini flagged sister vessels built for Zamil Operations. Construction of the 2,600 tonne vessel is to ABS class with the notation +A1(E) + AMS, FIFI 1 Towing and Anchor
CNOOC Makes New Oil Discovery in Bohai (China)
CNOOC Limited today announced that the Company has successfully made a new discovery Luda(LD)21-2 in Bohai. LD 21-2 is located in the inverted structure belt of LD 22-27 in south Liaodong Bay, with its south part adjacent to LD 27-2 oilfield. The average water depth is 20 meters. The discovery well
Statoil Confirms Potential of Brazilian Pre-Salt Discoveries
Statoil together with operator Repsol Sinopec and partner Petrobras confirm the significant potential of the pre-salt block BM-C-33 in the Campos basin offshore Brazil. The total estimated resources of the block amount to more than 700 million barrels of light crude and 3 Trillion cubic feet (Tcf) o
China: CNOOC Finds More Oil in Bohai
China’s oil and gas exploration and production company, CNOOC, today announced it has made a new discovery Luda(LD)21-2 in Bohai sea, offshore China. LD 21-2 is situated in south Liaodong Bay, with its south part adjacent to LD 27-2 oilfield. The average water depth is 20 meters. The discovery well
UK: Two Macduff Designed DOT Tugs Complete Sea Trials
In May 2012, the two 23m DOT tugs commissioned by Poet, Singapore, completed their trials. The tugs, designed by the Macduff Ship Design, are the largest so far specifically designed around the Mampaey DOT system. The Mampaey Dynamic Oval Towing (DOT) system is a 360 degree all around towing system.
UK: Hydro Group Receives Financial Support for New Subsea Connector
Aberdeen-based Hydro Group, a designer and manufacturer of underwater cables and connectors for global subsea, topside and onshore applications, has been awarded £1million in financial support from the European Commission’s Research Executive Agency (REA). The company predicts a 20% increase in turn
UK: Hydro Group Gets Funding for Product Development
Aberdeen-based Hydro Group, a designer and manufacturer of underwater cables and connectors for global subsea, topside and onshore applications, has been awarded £1million in financial support from the European Commission’s Research Executive Agency (REA). The company predicts a 20% increase in turn
UK: Iberdrola Focuses on Offshore Wind Future
Iberdrola is committed to promoting offshore wind power as one of the basic pillars in its future growth. It is determined to spearhead the development of this technology, which it considers to be the second revolution in renewable energies, just as it did in the case of onshore wind power, where it