Business & Finance
China: CNOOC Inks PSC with ROC
CNOOC Limited announced that its parent company, China National Offshore Oil Corporation (CNOOC) has signed a production sharing contract (PSC) with Roc Oil (Bohai) Company (ROC) for Block 09/05 in Bohai. Block 09/05 is located 50 kilometers southeast of Tianjin, with a total area of 355 square kilo
Finland: ClassNK, NAPA to Provide Best SEEMP Solution
NIPPON KAIJI KYOKAI (ClassNK), the world’s largest ship classification society and NAPA, the leading software house for ship design and operations, today announced a collaboration to provide the most comprehensive solution for Ship Energy Efficiency Management Plan (SEEMP). The collaborative solutio
United Maritime Group Sells US United Bulk Terminal
United Maritime Group, LLC (“UMG”), today announced that it has entered into a definitive agreement to sell U.S. United Bulk Terminal, LLC (“UBT”), a wholly owned subsidiary of UMG, to Bulk Handling USA, Inc., an affiliate of Oiltanking Holding Americas, Inc. Located in Davant, La., UBT is the large
China: CNOOC, ROC Ink PSC for Bohai Bay Block
China National Offshore Oil Corporation (CNOOC) and Roc Oil have signed a production sharing contract (PSC) for Block 09/05 in Bohai bay, offshore China. Block 09/05 is located 50 kilometers southeast of Tianjin, with a total area of 355 square kilometers and water depth of 4-10 meters. Under the ag
UK: Removal of Cargo Ship MV Carrier Wreck Completed
The operation to remove the wreck of the cargo ship MV Carrier, which ran aground near Llanddulas, North Wales, was completed this week. It has taken contractors, PGC, less than six weeks to remove the wreck and all scrap materials from the vessel have now been removed from the site. However residua
UK: IHC EB Appoints New Managing Director
IHC Engineering Business (IHC EB) announces the appointment of Jon Dale as Managing Director IHC Engineering Business. Neil Baxter has been the Managing Director since February 2011 having joined with the specific objective of strengthening the management capabilities and systems within IHC EB to be
Norway: Fabricom to Carry Out Modifications on Gjøa Platform
GDF SUEZ E&P Norge AS has, has awarded a frame contract for modifications on the Gjøa platform to Fabricom AS. Fabricom will, under the agreemenr, carry out modification work involving design basis changes and other major modifications on the platform located 45 kilometres from land near the norther
IHC EB Names Jon Dale as Its Managing Director (UK)
IHC Engineering Business (IHC EB) announced the appointment of Jon Dale as Managing Director IHC Engineering Business. Neil Baxter has been the Managing Director since February 2011 having joined with the specific objective of strengthening the management capabilities and systems within IHC EB to be
Nord Stream Looking at Increasing Gas Transport Capacity
The Shareholders of Nord Stream AG have asked the company to conduct a feasibility study of possible options to further increase the capacities to transport natural gas from Russia to the EU through the Baltic Sea. Over the next eight months, Nord Stream will make an assessment of various criteria o
Nord Stream Considers Increase of Gas Import Capacities Through Baltic Sea
The Shareholders of Nord Stream AG have asked the company to conduct a feasibility study of possible options to further increase the capacities to transport natural gas from Russia to the EU through the Baltic Sea. Over the next eight months, Nord Stream will make an assessment of various criteria o
DSM Introduces New Fiber for Deepwater Mooring Ropes
The Netherlands-based DSM, producer of Dyneema®, the world’s strongest fiber™, has introduced DM20, a new fiber designed for the production of incredibly strong ropes that provide unrivalled strength, stiffness and durability. DM 20 is an innovative fiber that completely redefines the capability of
Alcatel-Lucent to Link Fiji and Tonga Via Undersea Cable
Alcatel-Lucent has been selected by Tonga Cable Limited to deliver an undersea cable link between the Kingdom of Tonga and its neighbor Fiji, bringing to the Tongan islands broadband services such as streaming video and high-speed Internet access to residents and tourists alike. The 837-km link with
France: UNICEF Ambassador to Participate in MSC Divina Christening
As a symbol of collaboration between MSC Cruises’ and UNICEF, major UNICEF representatives and guests will be involved in the christening ceremony of MSC Divina, which will take place in Marseille, France, on 26 May 2012. When MSC Divina takes to the seas, her guests will have the opportunity to sup
Investors’ Confidence in UK Upstream Industry Rises
Oil & Gas UK’s Q1 2012 business confidence index published yesterday (10 May) reveals that the confidence of the upstream oil and gas industry across Britain has risen to 64 points on a 100 point scale – the highest since the survey was launched in Q1 2009. However, the leap in optimism is driven by