Business & Finance
China: CNOOC Reports Results for First Quarter of 2012
CNOOC Limited announces its results for the first quarter of 2012. In this quarter, the Company achieved a total net production of 79.8 million barrels of oil equivalent (BOE), representing 6.3% decrease year over year (YoY) mainly due to the suspension of production of Penglai 19-3 oilfield at Boha
Cruise Industry Announces Three New Safety Policies at EU Conference
On behalf of the global cruise industry, Cruise Lines International Association (CLIA) and the European Cruise Council today announced that the cruise industry has adopted three new safety policies which are to be implemented with immediate effect. The announcement was made by Chairman of the Europe
USA: Baker Hughes Revenue Rises 18 pct Year-on-Year
Baker Hughes Incorporated announced today net income for the first quarter 2012 of $379 million, or $0.86 per diluted share. This compares to $0.87 per diluted share for the first quarter 2011, and to adjusted net income (a non-GAAP measure) of $1.22 per diluted share and net income of $0.72 per dil
Oceana Begins Expedition in Baltic Sea to Promote New Marine Protected Areas
The Oceana-chartered research vessel Hanse Explorer yesterday set sail from Copenhagen on a two-month expedition, covering 7,000 miles through the waters of the nine countries bordering the Baltic Sea (Denmark, Germany, Poland, Lithuania, Latvia, Estonia, Russia, Finland, and Sweden). The aim of the
Danish Maritime Authority Leads Development of E-Navigation
The Danish Maritime Authority is still in the lead of the development of the navigation concept of the future, e-Navigation. Now, the framework is no longer called by EfficienSea, but ACCSEAS. With the conclusion of the EfficienSea project in early 2012, one could fear that the work on e-Navigation
Norway: Centrica Gets Permission for Drilling in PL 477
The Norwegian Petroleum Directorate has granted Centrica Resources (Norge) AS a drilling permit for wellbore 6506/11-9 S, cf. Section 8 of the Resource Management Regulations. Wellbore 6506/11-9 S will be drilled from the West Alpha drilling facility at position 65°10’18.54” north and 6°37’21.26” ea
UK: NHC Launches New Safety Software for Diving Industry
A specialist North-east oil and gas industry support and training facility has developed a new software package to control diving system equipment certification and maintenance to industry standards. The Aberdeen-based National Hyperbaric Centre (NHC), which has been operating in the North-east for
Sweden: APM Terminals Gothenburg Welcomes First G6 Vessel Call
The recently established G6 Alliance has added direct service Gothenburg, Sweden to its weekly Far East/Europe port rotation with the first vessel call of the APL Finland at APM Terminals Gothenburg, the busiest container facility in Scandinavia. The G6 Alliance was created in December 2011 through
Multiple Charters Bring USD 90 mln to Norway’s DOF
Subsea 7 has exercised an option to extend the contract on the construction vessel Skandi Seven with 1 year from 31st of March 2013. DOF Subsea, subsidiary of DOF ASA, has previously announced that Subsea 7 has fixed the vessel Skandi Skansen for a period of 100-200 days per year over the next 4 yea
Balmoral Wins Second UK Queen’s Award
Balmoral Offshore Engineering, a division of Balmoral Comtec Ltd, has been presented with the UK Queen’s Award for Enterprise. It is the second time the company has won the International Trade award, the first success coming in 2010. Established only in 2006, Balmoral Offshore Engineering provides t
Norway: DOF Subsea Announces New Contracts
Subsea 7 has exercised an option to extend the contract on the construction vessel Skandi Seven with 1 year from 31st of March 2013. DOF Subsea, subsidiary of DOF ASA, has previous announced that Subsea 7 has fixed the vessel Skandi Skansen for a period of 100-200 days per year over the next 4 years
Norway: DOF Subsea Receives Several Contracts
Subsea 7 has exercised an option to extend the contract on the construction vessel Skandi Seven with 1 year from 31st of March 2013. DOF Subsea, subsidiary of DOF ASA, has previous announced that Subsea 7 has fixed the vessel Skandi Skansen for a period of 100-200 days per year over the next 4 years
Balmoral Offshore Receives UK Queen’s Award for Enterprise
Balmoral Offshore Engineering, a division of Balmoral Comtec Ltd, has been presented with the UK Queen’s Award for Enterprise. It is the second time the company has won the International Trade award, the first success coming in 2010. Established only in 2006, Balmoral Offshore Engineering provides t
Faroe Maritime Technic Appoints New Distributor in UK
As part of Faroe Maritime Technic’s expansion plans the Company announced the appointment of Oil Conveyer Limited (OCL) as partner and distributor for the UK and Ireland. OCL will be working alongside its sister company Pumpseal, a long established and experienced supplier of pumps, motors and oil w