Business & Finance
Niko Spins Drill Bit at First Well Offshore Indonesia
Niko Resources Ltd. reports that Zaratex N.V as operator of the Lhokseumawe PSC has initiated drilling operations on the Candralila-1 well in western Indonesia. Niko recently took a 30% non- operating participating interest in the PSC (government approvals pending). The Candralila-1 well is the firs
Two Solvtrans’ Well Boats Commence Operations in Chile
The vessels Frøyhav and Frøyfisk got the final approvals from Chilean authorities on 21 April 2012, and immediately thereafter commenced operations under the time-charter contracts with the companies Granja Marina Tornagaleones S.A. and Invertec Pesquera Mar de Chiloe S.A.. In connection with the re
Norway: Hammerfest Strøm Changes Its Name to ANDRITZ HYDRO Hammerfest
Earlier this year ANDRITZ HYDRO increased its shareholding in Hammerfest Strøm AS and became the majority shareholder in the Company. Other major shareholders are the Spanish utility company Iberdrola and the local Norwegian utility company Hammerfest Energi. The company will operate under the name
USA: ConocoPhillips Reports 1Q Earnings of USD 2.9 bln
ConocoPhillips today reported first-quarter earnings of $2.9 billion, compared with first-quarter 2011 earnings of $3.0 billion. Excluding $330 million of special items, first-quarter 2012 adjusted earnings were $2.6 billion. Special items were primarily related to gains on asset dispositions, parti
DOF, Maersk Extend Charter Contract for PSV Skandi Caledonia (UK)
DOF and Maersk Oil North Sea UK Limited (Maersk) have agreed a 3 year extension of the contract for Skandi Caledonia. Maersk had, in accordance with the charterparty for the vessel, an option to extend the contract period with one year from 1st October 2012. This one yearly option has now been repla
Maersk Extends Contract for DOF’s Skandi Caledonia PSV (Norway)
DOF and Maersk Oil North Sea UK Limited (Maersk) have agreed a 3 year extension of the contract for Skandi Caledonia Platform Sup. Maersk had, in accordance with the charterparty for the vessel, an option to extend the contract period with one year from 1st October 2012. This one yearly option has n
Norway: Wartsila Hamworthy to Install Largest Multi-Stream Scrubber on MV Tamesis
Wärtsilä Hamworthy, the global leader in complete lifecycle power solutions and integrated systems for the marine markets, today announced an agreement with Wilh. Wilhelmsen ASA, the global rolling cargo operator, to retrofit their vessel MV Tamesis with a Krystallon Exhaust Gas Cleaning System (EGC
The Netherlands: VSTEP Provides Crane Simulator for EMO
For EMO, the largest transshipment terminal for coal and iron ore in Western Europe, VSTEP created a crane simulator for preparation and training of future and current dry bulk crane operators, increasing their effectiveness and precision. EMO is one of the leading companies in the dry bulk market.
BG Group Enters USD 500 mln Credit Agreement with Export Development Canada
BG Group, a world leader in natural gas, with a strategy focused on connecting competitively priced resources to specific, high-value markets, today announced a US$500 million credit agreement with Export Development Canada (EDC). The agreement has an initial term of four years with the option to ex
Dutch No Limit Ships Delivers Its Biggest Vessel for Hydrographic Research
Recently No Limit Ships Shipyards delivered a 19,40 metres long survey vessel. It is 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 supplied twelv
Scotland Publishes Offshore Renewables Investment Map
The Scottish Government’s commitment to renewable energy is already producing thousands of jobs across the country and will generate tens of thousands more, First Minister Alex Salmond said today as recent investment announcements in offshore wind, wave and tidal power were highlighted in a newly-pu
UK: Stork Subsea Expects Delivery of New Dive Intervention Craft
Stork Technical Services Subsea, the subsea division of the leading global provider of knowledge-based asset integrity management services for the oil and gas, chemical and power sectors, has invested more than £2million in a new specialist dive intervention craft (IC) and full diving spread to meet
Norway: Reef Subsea Wins Ormen Lange Seabed Dredging Gig from Shell
Reef Subsea AS announced today that Scanmudring – one of its Norwegian subsidiaries – have been awarded by A/S Norske Shell a seabed dredging contract on Ormen Lange Mid-North field development. The task will be performed by the newly-built Scanmachine 4, the new generation of the highly experienced
Austal Expands Its Presence in Europe, Asia-Pacific and Middle East Markets
Austal has taken further steps in implementing its strategy to regionalise its operations to better serve and grow its international client base. Following the acquisition of its Philippines shipyard last year, the company has now broadened its sales and support organisations in the key Europe, Asia