Business & Finance
Australia: Woodside Starts Banambu Deep Drilling in Mid-May
Banambu Deep well is expected to commence drilling in mid-May, 2012, Cue Energy Resources reports. The well is located within the WA- 389-P permit, Carnarvon Basin, offshore Western Australia. The well operator is Woodside as a result of a farm-out agreement announced on 13 th July, 2010. Woodside i
China: Christening and Delivery Ceremony for New Bulk Carrier FESCO Stavropol
On April 24th the Qingshan Shipyard (China) held christening and delivery ceremony for 57,000 dwt bulk carrier FESCO Stavropol. This fourth ship delivered to FESCO Transport Group closes the current orderbook at this shipyard. FESCO Stavropol is the single-screw, single continuous deck motor ship wi
Sweden: New CFO of Concordia Maritime AB
Current CFO of Concordia Maritime AB moves on to a new and interesting position in the company’s principal shareholder, Stena AB. Appointed new CFO is Ms Anna Forshamn, who will take up her position on 1 May. Anna comes from a position as Group Financial Controller and Group Pensions Manager at Sten
UK: Acteon Appoints New Vice President
Leading specialist subsea services group Acteon has appointed Lester Clark as vice president. Lester has more than 20 years of industry experience and joins Acteon from Baker Hughes, where he was director for drilling systems in the Russia Caspian region. This involved leading a multidisciplinary te
Italy: Eni’s Profit Rises 42 pct on Higher Oil Prices
Eni, the international oil and gas company based in Italy, today announces its group results for the first quarter of 2012. The Italian oil giant reported first quarter 2012 net profit of €3.62 billion (USD 4.77 bln), a 42% increase when compared to the same period in 2011 when it recorded a net pro
Greece: Costamare Renews Its Fleet
Costamare Inc. announced yesterday that it has agreed to sell two 1984-built vessels for demolition. At the same time, the Company has agreed to purchase two 1998-built vessels, which will replace the vessels sold in their respective charters. In particular, the Company has agreed the following: – T
Carnival Corporation Joins Swedish Maritime Administration’s MONALISA Project
Always seeking new ways to enhance safety, the shipping industry is turning to Sweden and the Swedish Maritime Administration to continuously track locations of cruise and cargo vessels sailing European waters. The MONALISA project, led by The Swedish Maritime Administration, has attracted considera
Noble Energy Charters Atwood Hunter for Works Offshore West Africa
Atwood Oceanics, Inc., announced today that one of its subsidiaries has been awarded a drilling services contract by a subsidiary of Noble Energy Inc. for the Atwood Hunter for three firm wells with a minimum total duration of 150 days plus one option well. The first well will be in a tax-free locat
UAE: Polarcus 1Q Revenues Double
Polarcus Limited, a pure play marine geophysical company with a pioneering environmental agenda, specializing in high-end towed streamer data acquisition from Pole to Pole has announced the release of its first quarter 2012 financial statements. The first quarter 2012 was characterized by a continua
France: Reportlinker Announces Wind Energy Maintenance Market to 2020 Report
GBI Research, a leading business intelligence provider, has released its latest research, “Wind Energy Maintenance Market to 2020 – Growth Driven by Increasing Competition between OEMs and ISPs in the Post-Warranty Maintenance Segment”. The report gives an in-depth analysis of the wind energy mainte
GEOSHIPS Holds Open Day on Board New MPSV (UK)
SeaHold GEOSHIPS Ltd, a marine and subsea services shipping company, held an open day on board the newest addition to its vessel fleet on 25 April. Formed in 2003, the Aberdeen-based company took delivery of Loch Roag, its second multi purpose support vessel (MPSV), earlier this month on a contract
U.A.E: Polarcus Marks Growth in First Quarter Results
Polarcus Limited announces the release of its first quarter 2012 financial statements. The first quarter 2012 was characterized by a continuation of the soft market conditions evidenced in the fourth quarter 2011. This was reflected in the low utilization of 76%. Revenues doubled over the same quart
Noble Energy Hires Atwood Hunter for Three Wells Offshore West Africa
Atwood Oceanics Inc., n international offshore drilling contractor engaged in the drilling and completion of exploratory and developmental oil and gas wells, has been awarded a drilling services contract by a subsidiary of Noble Energy Inc. for the Atwood Hunter for three firm wells with a minimum t
USA: Navy Uses New Underwater Support Model for Ship Hull Inspections
The Naval Sea System Command’s Supervisor of Salvage and Diving (SUPSALV) and Surface Maintenance Engineering Planning Program (SURFMEPP) recently implemented a new process that will help to streamline the recording and brokering of work orders for damage found by divers during Navy ship hull inspec