Business & Finance
USA: MREC Wins Government Grant for Ocean Energy Technology Development
Massachusetts Clean Energy Center has awarded $535,000 grant to the University of Massachusetts Dartmouth’s New England Marine Renewable Energy Center, according to Cape Cod Times. The aim of this grant is to develop ocean energy technology offshore Massachusetts in a 27-square-mile technology test
Hydroid Launches REMUS 600-S AUV at IHC in Monaco
Hydroid, Inc., a subsidiary of Kongsberg Maritime and the leading manufacturer of Autonomous Underwater Vehicles (AUVs), announced its newest AUV, the REMUS 600 Survey (REMUS 600-S) at the XVIII International Hydrographic Conference (IHC) in Monaco. The REMUS 600-S is a high performance version of t
iCargo Launches EU-Funded Cargo and Logistics Framework Programme
iCargo, the pan-European cargo and logistics project part funded by the EU, has formally launched its three and a half year framework programme. The project, formally titled “Intelligent Cargo in Efficient and Sustainable Global Logistics Operations” includes research, development, demonstration and
Technip Wins Pipeline Installation Contract in China
French-based, international oilfield services provider, Technip has been awarded by Offshore Oil Engineering Co, Ltd (COOEC) a pipeline installation contract for the Liwan 3-1 shallow water project, located in the Pearl River Mouth Basin, China Sea, at approximately 300 kilometers South of Hong Kong
Singapore: APL Wins Environment Protection Award
APL, the world’s seventh largest container shipping carrier, won the Environment Protection Award for the second time in two years at the fifth Seatrade Asia Awards here this evening. An international panel of maritime judges honored APL from a field that included Maersk Line and Pacific Basin. “We
China: COOEC Awards Technip with Pipeline Installation Contract
Technip was awarded by Offshore Oil Engineering Co, Ltd (COOEC) a pipeline installation contract for the Liwan 3-1 shallow water project, located in the Pearl River Mouth Basin, China Sea, at approximately 300 kilometers South of Hong Kong, China. With a total length of 260 kilometers, the pipeline
UK: Sterling Sells Interest in Cladhan. Secures Funds for Exploration
Sterling Resources Ltd. has announced the divestment of an interest in Cladhan, a significant improvement in the terms of the Breagh loan facility, and an update on the activity plan for the remainder of 2012. The Company has signed a sale and purchase agreement with TAQA Bratani Limited (“TAQA”) fo
Australia: Chevron Extends Contract for Atwood Osprey Rig
Atwood Oceanics, INC. announced today that one of its subsidiaries has been awarded a three year contract extension by Chevron Australia Pty Ltd (“Chevron”), for the semisubmersible Atwood Osprey. The Atwood Osprey commenced its initial three year drilling services contract with Chevron on May 27, 2
Norway: Artemis Atlantic Sailing towards Barents Seismic
Starting 26 April, the Norwegian Petroleum Directorate (NPD) will acquire 2D seismic in the southeastern part of the Barents Sea. The acquisition, to be carried out by the vessel M/V Artemis Atlantic, will last from six to eight weeks. In total, about 6 000 kilometres of seismic data will be acquire
Brazil: Sevan Driller Back in Action Following Repairs
After having pressure tested the BOP, Sevan Driller was back on full day rates at 1.30 am Brazilian time on Sunday, 22 April, 2012.
Atwood Osprey Rig Stays with Chevron in Australia Until 2017
The Atwood Osprey, owned by the international drilling contractor Atwood Oceanics, started its first three year drilling services contract with Chevron on May 27, 2011
Norway: Maersk Drilling Inks New Contract with Centrica Energi for Jack-Up Rig
Maersk Drilling has signed a new contract with Centrica Energi at a value of at least USD 60 million. With this contract the company’s rig capacity in Norway is sold out until the second quarter of 2014. The demand for ultra harsh environment rigs keeps growing while rig supply remains tight. The co
Norway: Centrica Energi Hires Maersk Drilling’s Jack-Up
Maersk Drilling has signed a new contract with Centrica Energi at a value of at least USD 60 million. With this contract the company’s rig capacity in Norway is sold out until the second quarter of 2014. The demand for ultra harsh environment rigs keeps growing while rig supply remains tight. The co
Qatar: QIB, Medco Sign Financing Deal for New Port Project
Qatar Islamic Bank (QIB), one of the largest Islamic banks in Qatar and one of the top-five Shari’a-compliant banks in the world, has announced the signing of a deal with the Middle East Dredging Company (Medco) to finance the company’s requirements to undertake access channel dredging work at the N