Business & Finance
Eni, Rosneft Team Up in Russian Shelf Development
Today, Eni CEO Paolo Scaroni and Rosneft President Eduard Khudainatov, signed a strategic cooperation agreement in the presence of the Prime Minister of the Russian Federation Vladimir Putin, which provides for the joint development of the licenses in the Black Sea and the Barents Sea on the Russian
UK: Penspen Provides Detailed Design for Greater Stella Area Development
The Offshore business stream of the Penspen Group, Andrew Palmer & Associates, has been contracted to provide Detailed Design services to EPC Offshore Limited (EPC) in support of Ithaca Energy’s Greater Stella Area (GSA) Development. The contract follows on from Penspen’s recent work for EPC Offshor
UK: BOWL Submits Application to Develop Beatrice Offshore Wind Farm
Beatrice Offshore Windfarm Ltd (BOWL) has submitted an application to the Scottish Government for consent to develop the Beatrice offshore wind farm in the Outer Moray Firth. BOWL is a joint venture partnership formed between SSE Renewables (75%), SSE’s renewable energy development division, and Rep
Parker Buys UK’s Olaer Group
Parker Hannifin Corporation, the global leader in motion and control technologies, today announced that it has signed an agreement to acquire the Olaer Group headquartered in Deeside, United Kingdom. Olaer is a leading manufacturer of a broad range of advanced hydraulic accumulator and cooling techn
Turkey: ANADOLU Shipyard Launches Seventh LCT Vessel
At the end of March ANADOLU Shipyard (ADIK) successfully launched the seventh vessel of Landing Craft Tank (LCT) Project the NB 229 (C-157). The construction of the vessel started in 2011 and the hull was completed in November 2011. The first ship of the project was delivered to Turkish Naval Forces
Research Ship Seliger Built for Russian Navy Passes Trials
Ocean trials of JSC Yantar Shipyard’s research ship Seliger, which is being built for Russian Navy, are taking place in Baltiysk, reports Central Navy Portal. JSC Yantar Shipyard got the contract for construction of the ship in the Russian Navy’s tender. The ship began first phase of ocean trials on
USA: NOV Posts Solid 1Q Results
National Oilwell Varco, Inc. today reported that for its first quarter ended March 31, 2012 it earned net income of $606 million, or $1.42 per fully diluted share, compared to fourth quarter ended December 31, 2011 net income of $574 million, or $1.35 per fully diluted share. The first quarter 2012
Switzerland: ABB’s Orders and Revenues Up in First Quarter of 2012
ABB reported higher orders and revenues in the first quarter of 2012, led by growth in North America. Operational EBITDA declined 7 percent compared to the same quarter a year earlier while net income was up 5 percent. Orders were 2 percent above the very high levels in the first quarter of 2011, dr
IMB’s Report Shows Increase in Piracy Off West Africa
One hundred and two incidents of piracy and armed robbery have been reported for the first quarter of 2012, with dangerously increasing numbers in West African waters, according to figures released recently in the International Chamber of Commerce (ICC) International Maritime Bureau’s (IMB) global p
French Navy Frigate FS Guepratte Joins EU NAVFOR
The Counter-Piracy force of the European Union (EU NAVFOR), typically comprising 4 – 7 Surface Combat Vessels patrolling the Gulf of Aden and Horn of Africa, was joined by the French navy frigate FS Guépratte today, 25 April 2012. The 125 meter long FS Guépratte with 3600 metric tonnes displacement
Nord Stream Successfully Completes Its Green Logistics Programme
Nord Stream AG announces the successful completion of its complex international logistics programme. This award-winning green logistics concept enabled the most efficient and environmentally-sound way of supplying to the pipe-laying vessels the 200,000 24-tonne concrete weight coated (CWC) pipes nee
BIMCO Tackles Shipping Issues at DC Meeting in Singapore
BIMCO’s Documentary Committee, chaired by Mr Karel Stes, gathered in Singapore for its spring meeting on 23 April. The Committee’s contract experts reviewed a number of new contracts and clauses dealing with a wide variety of topical subjects ranging from wind farms to solid bulk cargoes that can li
UK: SeaZone Launches SeaZone HydroSpatial 2
SeaZone Solutions, developer of the world’s leading Marine Vector Map product: HydroSpatial, has released the first in a new series of marine mapping layers to sit within the new HydroSpatial 2 Product Family. Resounding benefits include an enhanced data model, allowing for intuitive feature filteri
Nord Stream Announces Successful Completion of Logistics Programme
Nord Stream AG announces the successful completion of its complex international logistics programme. This award-winning green logistics concept enabled the most efficient and environmentally-sound way of supplying to the pipe-laying vessels the 200,000 24-tonne concrete weight coated (CWC) pipes nee