Business & Finance
Germany: Nexans Reports Q1 Sales of EUR 1,752 Million
Nexans today announced 2012 first-quarter sales of 1,752 million euros, that is, 1,169 million euros at constant non-ferrous metal prices, reflecting an annual growth of +0.6% at constant exchange rates and comparable scope. As a reminder, the organic growth rate for the first quarter of 2011 was 13
Canada: InterMoor Wins Mooring Contract for Columbia Power’s StingRay WEC
Columbia Power has awarded InterMoor, an Acteon company, the contract to design a cost-effective and survivable mooring system for its StingRay offshore wave energy converter (WEC) prototype. The project, which has already started with some advanced modelling and design work, will last for two years
Mitsui O.S.K. Lines Establishes Subsidiary in Peru
Mitsui O.S.K. Lines, Ltd. today announced that the company established a subsidiary, MOL (Peru) S.A.C., in Peru. The country was chosen because it shows more stable growth than other South American nations. With the new subsidiary, MOL will consolidate its business structure and further expand north
Statoil Farms Into Deepwater Licence in Ghana
Statoil has entered its first acreage in Ghana, farming into a deepwater licence operated by Hess. The Deepwater Tano/Cape Three Points (DWT/CTP) licence was awarded to Hess Corporation (Hess) in 2006 and lies just south of the licence containing the Jubilee field offshore Ghana. Two wells have alre
Fairmount Glacier Assists in Refloating of Bulk Carrier in Mozambique
Fairmount Marine’s tug Fairmount Glacier has successfully assisted in the refloating of Greek owned bulk carrier Akiba which was grounded offshore Maputo, Mozambique. The salvage operation was conducted by Greek salvage company Five Oceans Salvage under a Lloyd’s Open Form. When contracted the Fairm
Aker Solutions to Supply Umbilicals for GWF Project Offshore Australia
Aker Solutions has signed a contract with Woodside Energy Limited for the manufacture and supply of electro-hydraulic steel tube umbilicals (EHU) for the Greater Western Flank (GWF) Phase 1 project on the north-west coast of Australia. Contract value is undisclosed. The scope of work includes projec
Germany to Construct and Modernize 84 Power Generation Plants
German industry is planning to invest in construction and modernization of 84 large power generation plants. The capacity of planned and installed projects is 42,000 megawatts with the total investment volume of more than EUR 60 billion. Some 69 plants out of the 84 projects are undergoing permittin
USA: Subsea 7 to Exhibit at Offshore Technology Conference
Subsea 7, a global leader in seabed-to-surface engineering, construction and services to the offshore energy industry, will be exhibiting the wealth of its expertise and some of its new groundbreaking technology at this year’s Offshore Technology Conference (OTC) in Houston, USA, from 30 April to 3
Bergen Group Wins Hook-up Contract for ConocoPhillips’ Ekofisk Platform
Bergen Group Offshore has, through its subsidiary Bergen Group Rosenberg AS, been awarded the contract for the Hook-up of ConocoPhillips’ new Ekofisk 2/4L platform. The contract value for the project is about NOK 175 million, and will generate activity during 2012 and 2013. In 2009 Bergen Group Rose
USA: Subsea 7 Exhibits its Groundbreaking Technology at OTC 2012
Subsea 7, a global leader in seabed-to-surface engineering, construction and services to the offshore energy industry, will be exhibiting the wealth of its expertise and some of its new groundbreaking technology at this year’s Offshore Technology Conference (OTC) in Houston, USA, from 30 April to 3
ConocoPhillips Hires Bergen Group Offshore for Ekofisk Platform Hook-up
Bergen Group Offshore has, through its subsidiary Bergen Group Rosenberg AS, been awarded the contract for the Hook-up of ConocoPhillips’ new Ekofisk 2/4L platform. The contract value for the project is about NOK 175 million, and will generate activity during 2012 and 2013. In 2009 Bergen Group Rose
Pacific Fibre Appoints US APTelecom as Pre-Sales Manager for its Subsea Cable
APTelecom, a facilities-based telecom consulting and service company specializing in emerging markets, announced the addition of Pacific Fibre to its growing roster of submarine cable pre-sales consulting clients. As part of the engagement, APTelecom will be tasked with managing a significant portio
Gas Tanker Grand Aniva to Deliver LNG Cargo to Japan
The 500th delivery of liquefied natural gas via the LNG terminal was loaded in the port of Prigorodnoye (Sakhalin Island). After the loading Grand Aniva headed for Japan. Grand Aniva is one of two Sovcomflot LNG tankers, chartered by the operator of the project – Sakhalin Energy Investment Company (
Norway: Oceanteam’s New Lay Vessel Begins 5-year Charter with McDermott
Oceanteam Shipping ASA has announced that it’s new Lay Vessel, CSV North Ocean 105 which is jointly owned with J Ray McDermott (Norway) AS, has been delivered on time and has immediately commenced a five year time charter. The company’s fleet of CSVs now consists of four partially owned North Ocean