Business & Finance
UK: OGN Submits Wind Turbine Factory Planning Application
Offshore Group Newcastle (OGN) has submitted the planning application for a GBP 50 million wind turbine factory, reports NeBusiness. The 36,000 square metre facility would replace the company’s existing factory at Hadrian Yard and create thousands of jobs in Tyne. Construction of the prototype Trito
IEV Completes Two Decom Projects Offshore Malaysia
Catalist-listed, IEV Holdings Limited announces that its 30% associate, IEV (Malaysia) Sdn Bhd has safely and successfully completed the two turnkey decommissioning projects (the “Decom Projects”) awarded by Petronas Carigali Sdn Bhd ahead of schedule on 7 May 2012. Worth a total of RM27.0 million,
UK: WilHunter Rig Starts Drilling at Timon Prospect
MPX North Sea Ltd has completed suspension operations on well 3/3b-13Z (Orlando) and the Awilco Wihunter has moved to Block 211/11b adjacent to the Magnus Field to drill the Timon Prospect. Well 211/11b-7 was spudded on 4th May 2012 and is anticipated to take around 40 days drilling to a total depth
Singapore: NOL Group Reports USD 254 Million First Quarter Net Loss
NOL Group, the Singapore-based container shipping and logistics company, today reported a first quarter 2012 net loss of US$254 million compared to a net loss of US$10 million in the same period last year. NOL said high fuel costs and low freight rates in container shipping affected first quarter 20
IEV Completes Decom Projects for Petronas Offshore Malaysia
IEV (Malaysia) Sdn Bhd has safely and successfully completed the two turnkey decommissioning projects awarded by Petronas Carigali ahead of schedule on 7 May 2012. Worth a total of RM27.0 million (USD 8.8 million), the scope of work for the two Decom Projects included the provision of Engineering, P
Horizon Presents Asia’s Largest Private Ice Classed Yacht
Horizon recently launched and successfully sea trialed the new EP148 Horizon Polaris, which is the largest flagship built by Horizon as well as the largest BV Ice Classification private yacht built in Asia. Measuring 148 feet in length, the EP148 Horizon Polaris is built with a steel hull, aluminum
Norway: Aker Solutions on the Right Track, CEO Says
Norway’s Aker Solutions, a company that provides oilfield products, systems and services for customers in the oil and gas industry world-wide reported first quarter of 2012 operating revenues of NOK 9.8 billion (USD 1.67 billion), a 15.7 per cent increase from the first quarter of 2011. Earnings bef
EMSA Publishes Final Report on Damage Stability of Ro-Pax Vessels (Portugal)
The European Maritime Safety Agency (EMSA), on May 7th, published its final report into the damage stability of Ro-Pax vessels. Ship safety standards are developed and set, at the international level, by the International Maritime Organization (IMO). They are subsequently implemented and enforced by
McDermott Wins Siakap North – Petai Subsea Contract in Malaysia
McDermott International, Inc. announced that its Malaysian affiliate Berlian McDermott Sdn. Bhd. was recently awarded a significant subsea contract for executing a deepwater engineering, procurement, construction, transportation, installation and commissioning project offshore Malaysia. The value of
Murphy Awards McDermott a Subsea Contract Offshore Malaysia
McDermott International, Inc. was recently awarded a significant subsea contract for executing a deepwater engineering, procurement, construction, transportation, installation and commissioning project offshore Malaysia. The value of this contract is included in McDermott’s first quarter 2012 backlo
Norway: Transocean Barents Anchors at Jette Field
Transocean Barents anchored up at the Jette field Friday May 4th, and has begun the first phase of drilling. The first operation will be a observation well at Jette north. Drilling of the two planned production wells will be next. Transocean Barents will remain at the Jette Field until August. The J
Norway: First Phase of Drilling at Jette Field Begins
Transocean Barents anchored up at the Jette field Friday May 4th, and has begun the first phase of drilling. The first operation will be a observation well at Jette north. Drilling of the two planned production wells will be next. Transocean Barents will remain at the Jette Field until August . The
Damen Shipyards Delivers New Fire Fighting Vessel to Bremen, Germany
Damen Shipyards has recently delivered the ‘Bremen 1’ to the City of Bremen (Germany) to replace its 1975-built predecessor. Both the local police force and the fire brigade will use the Damen Fire Fighting Vessel 2406 (FFV) for emergency response. The police will patrol the Port of Bremen and the W
AGR Buys Steinsvik & Co (Norway)
AGR has acquired an 80% shareholding in Steinsvik & Co AS. Headquartered in Stavanger, Steinsvik & Co supplies safety professionals, including safety coaches and internal control officers (ICO), to drilling rigs in the Norwegian market. The firm also provides HSE training for oil companies and perfo