Business & Finance
U.A.E: UMG Delivers Two Echoscope 3D Sonars to DI-MEDCO
Unique Maritime Group of UAE, announce that they have recently delivered two Echoscope 3D Sonars to DI-MEDCO, a joint venture between Dredging International and Middle East Dredging Company for the planned shore protection and harbour construction works of two artificial islands. The Echoscope®, pro
USA: WFS Launches seatooth S100 at OTC
seatooth® S100 from WFS Technologies is the latest wireless subsea modem from the WFS seatooth® range, officially launched this week at the Offshore Technology Conference in Houston, Texas. A mobile, compact, low power, wireless modem suitable for a variety of underwater applications with an optiona
Ghana: Kosmos Scraps Plans to Increase Stake in Deepwater Tano Block
Kosmos Energy, an independent oil & gas exploration and production company focused on emerging areas in Africa and South America, yesterday reached a mutual agreement with Sabre Oil & Gas Holdings Ltd. (Sabre) to terminate the acquisition by Kosmos of Sabre’s participating interest in the Deepwater
USA: Austal Holds Keel-laying Ceremony for Third JHSV
On May 3, 2012, Austal held a keel-laying ceremony for the third Joint High Speed Vessel (JHSV), one of nine Austal-designed 103-metre US Navy Joint High Speed Vessels under contract with the US Navy. Austal invited Representative Jo Bonner to authenticate the keel. He was assisted by Jeff Cellon wh
Germany: E.ON’s 2011 Earning Down
E.ON released financial result for 2011. “Despite a difficult business environment, we have made very good progress in implementing our strategy and reorganizing our company. We moved resolutely forward on our consolidation course; the worst adverse effects are behind us. E.ON 2.0, our efficiency-en
Germany: GL Releases Rules Updates for Seagoing Ships and Naval Vessels
Germanischer Lloyd (GL) has released updates to its Rules for Seagoing Ships and Naval Vessels. The updated Rules came into effect on 1 May 2012. Changes have been made to the following GL Rules for Seagoing Ships: Classification and Surveys, Hull Structures, Machinery Installations, Electrical Inst
UK: Plexus Receives New Order from BG Group
Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, announces a new order worth £1.3 million from BG International Ltd (‘BG International’), a wholly owned subsidiary of BG Group plc, to su
The Netherlands: Vroon Offshore Receives New Addition to Its Fleet
Vroon Offshore Services announce that they have taken delivery of a new addition to their offshore fleet. The VOS Thalassa, a 1,400 dwt anchor handling tug support (AHTS) vessel built at the Fujian SouthEast Shipyard in China, was delivered yesterday, 2 May 2012, from the Shipyard. VOS Thalassa will
UK: EDF Protects Marine Life at Teesside Offshore Wind Farm
As work progresses on the installation of the new Teesside Offshore Windfarm, special measures are being taken to ensure the protection of marine mammals and other wildlife. The wind farm being established by EDF Energy Renewables is located 1.5km off the north east coast at South Gare, Redcar. Work
China: Cheoy Lee Shipyard Hands Over Newbuild Tugs
Given the strength in global demand for tugs and offshore commercial vessels, Cheoy Lee shipyard had embarked on several speculative build projects over the past 18 months. Two 58 metre Anchor Handling Tugs (with differing configurations and drive systems), two Z-Tech 7000 tugs, and one 31m ASD tug.
The Netherlands: Van Nes Field Produces First Gas
Dana Petroleum plc announced that on 30 April 2012, first gas production began from the Van Nes field located in block P11b within the Medway development area (Dana 50% and operator, EBN 50%). The subsea well, located on the Dutch continental shelf approximately 60 km north west of The Hague, will p
Australia: Gama’s New Marine Propulsion System Saves Energy
Engineers have developed a new method of propelling a ship or displacement vessel while saving at least 75% of energy consumed by current propeller-based systems, yet maintaining the same performance. The Gamma Propulsion System (TGPS) is easy to build and simple to retro fit to existing ships. Test
UK: Suncor, Awilco Pen LOI for WilHunter Rig
UK-based drilling contractor Awilco Drilling PLC has signed a Letter of Intent (LOI) with Suncor Energy to extend the contract for WilHunter for the drilling of a second firm well estimated at 61 days. The contract value for the firm well is estimated to be around USD 19.2 million. The second well u
Russia: Sovcomflot, SIBUR Enter Long-Term Charter Agreement for Two LPG Tankers
On 27 March 2012 SCF Group (Sovcomflot)- Russia’s largest shipowner, and oil and chemical holding SIBUR – a national leader in oil and chemical industry, signed a long-term charter agreement for two gas tankers to perform regular year-round transportation of SIBUR liquefied petroleum gas (LPG). SIBU