Business & Finance
Australia: Yolla MLE Offshore Project Advancing, Origin Energy Says
Origin Energy Resources Limited, a 100% owned subsidiary of Origin Energy Limited (Origin), as operator of the BassGas Joint Venture, advises that the Yolla Mid-Life Enhancement (MLE) project has reached a major milestone with the successful lifting and connection of the new accommodation and contro
France: CMA CGM Adds New Call to Dunkirk on Its EPIC Service
The CMA CGM Group has decided to strengthen its commercial presence in Dunkirk by adding an extra direct call to Dunkirk port on its EPIC service. CMA CGM is already calling in Dunkirk port with its FAL 7 service between Asia and Europe. As from June 10th 2012, the CMA CGM Group will be offering [&h
Bahamas Petroleum Company Provides License Update
Bahamas Petroleum Company confirms that its petroleum exploration licenses state that; “where the licensee applies for renewal and has complied with the Act, Regulations and the terms and conditions contained in this license, the Governor-General shall renew this License for a further period of thre
The Netherlands: Fairstar’s BoD Rejects Dockwise Take Over Proposal
Fairstar Heavy Transport N.V. (FAIR) has received an unsolicited, conditional, offer from Dockwise to acquire Fairstar shares at a purchase price of NOK 9.3 per share The Joint Supervisory and Management Boards of Fairstar have met this evening and concluded that the conditional offer for Fairstar s
Denmark: Dong to Sell Offshore Wind Farm Stakes
Dong Energy is planning to sell stakes in its offshore wind farms, as it plans to invest 10 billion kroner (USD 1.8 billion) a year in offshore wind, reports Bloomberg. Deputy Chief Executive Officer Morten Buchgreitz said: “You haven’t seen the last sale from Dong Energy of stakes in a wind farm.”
Canada: CARIS Releases Paper Chart Composer
CARIS announces the worldwide availability of Paper Chart Composer, the next-generation desktop software application for paper chart production. Paper Chart Composer represents the future in desktop production of nautical paper charts. The successor to the long-trusted CARIS GIS product, Paper Chart
Trapoil: Orchid Well Re-drilling (UK)
Trapoil, the independent oil and gas exploration and appraisal company focused on the UK Continental Shelf (“UKCS”) region of the North Sea, has been advised by Summit Petroleum Limited that the 12 ¼” hole section of the Orchid well bore has been re-drilled as a mechanical side-track. The partners i
Norway: Oceanteam’s Newbuild CSV Commences Five Year Charter
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
USA: Inland Salvage Conducts Offshore Salvage Operations in GoM
Inland Salvage Inc. recently conducted offshore salvage operations 40 nautical miles southwest of the Eugene Island, LA, successfully raising an Anchor Barge that sank in approximately 100 feet of water. They were called upon by the vessel’s owner to develop and execute a safe and expedient salvage
APMT Chooses Imtech as Partner for New Container Terminal at Dutch Maasvlakte
Royal Imtech N.V. (IM-AE, technical services provider in and outside Europe) announces that APMT – AP Moller Terminal, part of the Maersk Group – has selected Imtech as partner, together with the constructing companies Dura Vermeer and GMB, to realise a high-tech container terminal at the second Dut
Norway: OTS Takes Delivery of CSV North Ocean 105, Begins 5 Year Charter
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
Inland Salvage Completes Offshore Salvage Operations in Gulf of Mexico
Inland Salvage Inc. recently conducted offshore salvage operations 40 nautical miles southwest of the Eugene Island, LA, successfully raising an Anchor Barge that sank in approximately 100 feet of water. They were called upon by the vessel’s owner to develop and execute a safe and expedient salvage
USA: Helix Announces First Quarter 2012 Results
Helix Energy Solutions Group, Inc. reported net income of $65.7 million, or $0.62 per diluted share, for the first quarter of 2012 compared with net income of $25.9 million, or $0.24 per diluted share, for the same period in 2011, and net income of $16.8 million, or $0.16 per diluted share, in the f
PSA Orders ConocoPhillips to Fix Pressure Relief System on Tor Field
The Petroleum Safety Authority Norway (PSA) has issued a notification of order concerning non-conformity with requirements in the regulations for the pressure relief system on Tor 2/4 E. Operator ConocoPhillips has been aware of this non-conformity for some time. The notification is based on an indi