Business & Finance
Singapore: Marco Polo Enters Joint Venture Agreement with MTHPL
Marco Polo Marine Ltd, a growing integrated marine logistic group with operations exposed to the oil and gas and energy sectors in the region and beyond, has entered into a joint venture agreement with Marine Tankers Holdings Pte. Ltd. (“MTHPL”) to forge a joint venture company of equal shareholding
Dutch No Limit Ships Delivers Yard’s Biggest Hydrographic Research Vessel
By mid-April No Limit Ships Shipyards will deliver a 19,40 metres long survey vessel. It will be the biggest vessel for hydrographic research the yard has built so far. The vessel is destined for a Russian customer who has already used smaller No Limit survey vessels. In recent years the yard has su
UK: Valiant Farms Out Tybalt to Agora
Valiant Petroleum plc announces that it has signed a Farm Out Agreement with Agora Oil and Gas (UK) Limited in respect of the Tybalt appraisal well, located in Blocks 211/8c & 13c in the UK Northern North Sea. Under the agreement Agora will increase its interest in Tybalt to 40% in return for a part
Norway: Reef Subsea to Conduct Seabed Dredging at Norske Shell’s Ormen Lange Field
Reef Subsea has been awarded a seabed dredging contract by A/S Norske Shell on Ormen Lange field for its newly-built Scanmachine 4. The project objective is to perform final seabed preparation for pipelay within narrow geometrical tolerances (+/- 20cm) and with a curved route to follow. The dredging
ERRIA Delivers Fourth Vessel to Uni-Tankers (Italy)
ERRIA, a shipping company specialized in providing administrative ship management, announced that it has sold and transferred vessel named Erria IDA in Augusta, Sicily on April 23, to the Uni-Tankers shipping line. Erria IDA is the fourth of nine vessels that the company is planning to sell. MT Erri
RWE Dea Discovers Gas in Norwegian Sea
RWE Dea Norge AS, operator of production licence 435, is in the process of completing the drilling of wildcat well 6507/7-15 S. The well was drilled about 3.5 kilometres west of the 6507/7-14 S gas discovery made in the same licence in 2010, and 15 kilometres northwest of the Heidrun field in the No
Norway: Kleven Maritime to Build Subsea Construction Vessel for Rem Offshore
Kleven Maritime has signed a contract with ship owner Rem Offshore for the building of an advanced multifunctional subsea support and construction vessel. The contract value is around 550 million NOK. ‘Kleven Maritime and Rem have had a strong relationship for many years, and we are very pleased tha
UK: WesternGeco’s ObliQ Improves Seismic Imaging
WesternGeco, a geophysical services company and a business branch of Schlumberger, yesterday introduced the ObliQ sliding-notch broadband acquisition and imaging technique, which enhances low-frequency content of marine seismic data without compromising high frequencies. The ObliQ technique increase
Norway: Kleven Maritime Secures Subsea Support Vessel Contract
Kleven Maritime has signed a contract with ship owner Rem Offshore for the building of an advanced multifunctional subsea support and construction vessel. The contract value is around 550 million NOK. ‘Kleven Maritime and Rem have had a strong relationship for many years, and we are very pleased tha
Papua New Guinea: Nautilus Minerals Inks Landmark Offtake Agreement for Solwara 1
Nautilus Minerals Inc. announced it has signed a binding heads of agreement with Tongling Nonferrous Metals Group Co. Ltd (“Tongling”) for the sale of the product extracted from the Company’s Solwara 1 deposit located in the Bismarck Sea, Papua New Guinea (“PNG”). The agreement provides for the purc
Denmark: Vestas Reaches Installed Wind Energy Global Capacity of 50GW
As the world’s energy mix is being reshaped, a significant milestone has been achieved: Vestas has reached an installed global capacity of 50GW of wind energy, a result of years of hard work with our customers and partners, and a significant milestone for the maturing wind industry. Fifty GW amounts
Norway: Rem Offshore Orders OCV from Kleven
Kleven Maritime has signed a contract with ship owner Rem Offshore for the building of an advanced multifunctional subsea support and construction vessel. The contract value is around 550 million NOK (USD 95.7 million). ‘Kleven Maritime and Rem have had a strong relationship for many years, and we a
Intertek ShipCare to Showcase Maritime Industry Expertise at Seatrade Offshore Marine Asia
Intertek, a leading provider of quality and safety services to a wide range of industries around the world, will showcase Intertek ShipCare marine industry testing and inspection services at the Seatrade Offshore Marine Asia 2012, booth C26, Singapore pavilion. Intertek ShipCare marine services supp
TE SubCom Completes Construction of TGN-EA (Jeddah) and TGN-Gulf Undersea Cables
TE SubCom, a TE Connectivity Ltd. company and an industry pioneer in undersea communications technology has completed construction of the TGN-EA (Jeddah) and TGN-Gulf undersea cables for Tata Communications. TGN-EA (Jeddah) connects Saudi Arabia, Egypt and India, while TGN-Gulf links Oman, India, Un