Business & Finance
USA: Dow Launches NEPTUNE Advanced Subsea Flow Assurance Insulation System
Dow Oil & Gas announced the launch of the NEPTUNE™ Advanced Subsea Flow Assurance Insulation System, a breakthrough technology specifically engineered to withstand the increasingly harsh conditions associated with subsea oil production. Dow Oil & Gas announces that the system is now commercially ava
UK: Renewable Energy Holdings to Sell Wave Energy Business
Renewable Energy Holdings plc, the AIM quoted investor in, and operator of, European wind power, announced its preliminary results for the year ended 31 December 2011. Subsequent to the year end, the Board of Directors has reached the decision that it would be in the best interests of shareholders t
UK: Renewable Energy Holdings to Sell Wave Energy Business
Renewable Energy Holdings plc, the AIM quoted investor in, and operator of, European wind power, announced its preliminary results for the year ended 31 December 2011. Subsequent to the year end, the Board of Directors has reached the decision that it would be in the best interests of shareholders t
MSI Bags 18 Month Forecasting Contract for Gorgon Project, Australia
Metocean Services International (MSI) announced that it has been awarded an 18 month contract to provide weather forecasting services to Leighton Contractors as part of their involvement in the Gorgon project. Leighton Contractors in consortium with Saipem are carrying out the engineering, procureme
UK: Gardline Protects Marine Life at Redcar Offshore Wind Farm
Gardline project manager Joana Torres explains: “Marine mammal observations are an integral part of the work that is carried out before any wind farm installation commences, the area is monitored visually and by using hydrophonic equipment to detect the sound made by whales and dolphins. Once it is
China: COSCO Wins Semi-Sub Accommodation Vessel Contract
The Board of Directors of COSCO Corporation announced that COSCO (Nantong) Shipyard Co. Ltd., a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co. Ltd., has secured a contract valued over USD200 million from COTEMAR S.A. De C.V., a company incorporated in Mexico, to build one
COSCO to Build Accommodation Vessel for Mexican Client
China-based COSCO (Nantong) Shipyard Co. Ltd has secured a contract valued over $ 200 million from COTEMAR S.A. De C.V., a company incorporated in Mexico, to build one Harsh Environment Semi Submersible Accommodation Unit. The unit will be built to GustoMSC Ocean500 design, equipped with DP3 Dynamic
USA: DNS Event Promotes Concept of Decommissioning as Part of Asset’s Whole Life Cycle
Decom North Sea (DNS), the offshore oil and gas decommissioning forum, will be promoting the concept of decommissioning as an integral part of the overall life cycle of an asset rather than a separate phase tagged on at the end, when it hosts a networking breakfast in Houston. The event, which is sp
Oil & Gas UK Issues Guide for Management of Ageing Offshore Infrastructure
Oil & Gas UK has underlined its commitment to tackling the health and safety issues around ageing infrastructure and life extension of assets, with the publication of a new management system guidance document. The publication has been designed to help duty holders effectively manage asset ageing and
G6 Alliance to Maintain Current 6-Loop Product Structure for Asia-Europe Service
Members of the G6 Alliance announced today that they will maintain the current 6-loop product structure and not reinstate the planned Loop 2 Asia-Europe service. This loop was originally developed as one of the seven loops between Asia and North Europe jointly provided by the six members. It was not
Australia: ‘What Will the Weather Be Like at Gorgon?’
Metocean Services International (MSI) has been awarded an 18 month contract to provide weather forecasting services to Leighton Contractors as part of their involvement in the Gorgon project. Leighton Contractors in consortium with Saipem are carrying out the engineering, procurement and constructio
UK: Humber Marine Launches New Shipbuilding Business
The revival of shipbuilding on the Humber will be given fresh momentum today with the launch of a new business. Dunston Ship Repairs is launching a shipbuilding business with orders for three workboats from Rix Shipping. The new business, Dunston (Ship Builders), will lease the Hepsworths yard, in P
Denmark: Maersk Line’s New Sustainability Progress Report
Maersk Line shares its new sustainability progress report, Route 2. Route 2 seeks answers to probing questions such as how to: Minimise environmental impacts whilst facilitating global trade? Create environmental transparency across the industry? Enable an informed and frank discussion on needed cha
USA: Norwegian Offshore Innovators Honoured at OTC
The three Norwegian offshore innovators Jon Hermstad (Kvaerner), Tor Inge Tjelta (Statoil) and Tom Guttormsen (Statoil) were on 1 May honoured for their groundbreaking achievements in finding technical solutions for securing structures to the seabed in conjunction with the development of the deep wa