Business & Finance
UK: YSI’s EXO Breaks ‘Sonde Barrier’
YSI, a Xylem company, has launched a new range of ‘EXO’ water quality monitoring sondes that will radically improve the simplicity, reliability and versatility of monitoring activities in groundwater, surface water and marine applications. Designed for both hand-held or remote monitoring work and bu
China: Afai Southern Launches New Aluminum Catamaran Fast Ferry
In the afternoon of May 9, 2012, “HAIYAO”, the 35m aluminum catamaran fast ferry built by Afai Southern for HAITONG SHIPPING CO, was launched successfully. The Chairman Mr. Lao Zhiwei of State-owned Assets Supervision and Administration Commission of ZHUHAI, President Mr.Chen Yuanhe of ZHUHAI JIUZHO
Germany: RWE Expects Stable 2012 Earnings
After significant one-off burdens caused by energy policy decisions taken in Germany during 2011, RWE will regain ground this year. However, in the first quarter of 2012 the Group was not able to match the result for the same period in the previous year. Declining margins in electricity generation a
MIO to Provide Vessels for Chevron’s Operations Offshore Thailand
Miclyn Express Offshore (“MIO”) has secured a 5 year contract worth approximately US$130 million for 21 Crew/Utility Vessels to service Chevron`s production logistics in the Gulf of Thailand. The new contract is a continuation of a long standing relationship between MIO and Chevron in the region, un
USA: Congressman Pallone Questions Seismic Tests Off Atlantic Coast
Yesterday, at a hearing of the House Committee on Natural Resources, Congressman Frank Pallone, Jr. questioned the Department of Interior’s Director of the Bureau of Ocean Energy Management Tommy Beaudreau about the Administration’s decision to allow new seismic testing for oil exploration off the A
Spain: Gamesa Reports Loss in Q1 2012
The complex economic environment, volatility in many of the main wind markets, the new product launches and the industry’s seasonality had a temporary impact on Gamesa’s profitability and debt. Nevertheless, the company’s market and business diversification and the synergies between the wind turbine
USA: GCT Unveils Plans for Bayonne Container Terminal Expansion Project
Global Container Terminals Inc., a leading North American marine terminal operator with facilities on both coasts, yesterday unveiled final plans for a multi-million dollar expansion project to develop a 70-acre technologically advanced container terminal on the Bayonne, NJ, waterfront. When complet
Norway: Milestones Set for Johan Sverdrup Discovery
The licensees of Norway’s Johan Sverdrup discovery will select a development concept in the fourth quarter of 2013, and aim to start production in the last three months of 2018. With a forecast producing life of more than 30 years, the production time frame for this North Sea find extends to 2050. A
Norway: Statoil to Drill Four New Wells at Skrugard Area
Statoil ASA, together with partners Eni Norge AS and Petoro AS, has established a plan for further exploration drilling in the Skrugard area. The exploration campaign will comprise four new prospects and is scheduled to commence late 2012. The objective is to follow up on the Skrugard and Havis disc
TGS Begins Seismic Survey in UK North Sea
TGS has commenced acquisition of a 3D multi-client survey covering 3,210 km2 in the Erlend Basin on the UK Continental Shelf, West of Shetlands. This is the first multi-client 3D survey in the Erlend Basin and builds on the improved imaging shown by the reprocessed TGS North Sea Renaissance 2D data.
USA: Diamond Offshore Orders Drillship. Sells 4 Rigs
Diamond Offshore Drilling, Inc. has entered into a turnkey contract with Hyundai Heavy Industries Co., Ltd. for construction of a new ultra-deepwater drillship with delivery scheduled in the fourth quarter of 2014. Total cost, including commissioning, spares and project management, but excluding cap
TGS Begins 3D Multi-Client Survey in Erlend Basin (UK)
TGS has commenced acquisition of a 3D multi-client survey covering 3,210 km2 in the Erlend Basin on the UK Continental Shelf, West of Shetlands. This is the first multi-client 3D survey in the Erlend Basin and builds on the improved imaging shown by the reprocessed TGS North Sea Renaissance 2D data.
Diamond Offshore Orders New Drillship in South Korea
Diamond Offshore Drilling, Inc. yesterday announced that a subsidiary, Diamond Offshore Drilling Limited, has entered into a turnkey contract with Hyundai Heavy Industries Co., Ltd. for construction of a new ultra-deepwater drillship with delivery scheduled in the fourth quarter of 2014. Total cost,
China: Sanfu Shipyard Reaches Three Project Milestones
The inspiring news, regarding production, come one after another from Taizhou Sanfu Ship Engineering Co. The company has recently seen upsurge in its production. Sanfu shipyard reached three project milestones, delivered two vessels and carried out sea trial for one vessel, the shipyard managed to f