Business & Finance
2012 UK Oil and Gas Industry Safety Awards Winners
The winners of the 2012 UK Oil and Gas Industry Safety Awards, sponsored by Maersk Oil, were announced at a special lunchtime awards ceremony in Aberdeen yesterday (18 April 2012). The showcase event, held at Aberdeen Exhibition and Conference Centre, saw over 400 attendees at the event ranging from
USA: HII’s Subsidiary AMSEC Inks Cooperative Agreement with HHIC Holdings
Huntington Ingalls Industries announced yesterday that its subsidiary AMSEC has signed an agreement with Hanjin Heavy Industries and Construction Philippines, Inc., a subsidiary of HHIC Holdings Co., Ltd. to work together in providing maintenance, repair and logistics services to the U.S. Navy and o
Konecranes to Deliver Cranes for Shipyard in Baku, Azerbaijan
In March 2012, Konecranes received an order for cranes for a shipyard being built in Baku, Azerbaijan. The order was placed by Baku Shipyard, a joint venture company formed by State Oil Company of Azerbaijan Republic (SOCAR), Keppel Offshore and Marine (KOM), and Azerbaijan Investment Company (AIC).
USA: Noble Corporation Earns USD 120 million in 1Q 2012
Noble Corporation today reported first quarter 2012 earnings of $120 million, or $0.47 per diluted share, versus $127 million, or $0.50 per diluted share, for the fourth quarter of 2011. Earnings for the first quarter of 2011 were $54 million, or $0.21 per diluted share. Contract drilling services r
China: COSL’s Deepwater Survey Vessel HYSY708 Begins Operation
China Oilfield Services Limited （“COSL”） announced that HYSY708, a deepwater survey vessel, has successfully completed a sampling mission for a geological drilling engineering and a 300-meter seabed drilling. The quality of these samples has met the standards of geological drilling engineering sampl
ABS Appoints New Leadership for Europe-Africa Operations
ABS President and CEO Christopher J. Wiernicki has announced that ABS Vice President and current Chief Engineer Dr. Kirsi Tikka will transfer to London to assume the role of President and COO of the ABS Europe Division. The division is responsible for the day-to-day operations of the society through
CEDA: Invitation to Submit Abstract for Dredging Days 2012 (UAE)
On 12-13 December CEDA organises its Dredging Days 2012 conference and exhibition in Abu Dhabi, United Arab Emirates. An optional technical visit will be organised in the afternoon on the second day of the conference. Prospective authors are invited to contribute to the programme. Theme of the confe
CGGVeritas’ Subsidiary Recognized at CSEG Symposium (Canada)
Brian Russell and Dan Hampson of Hampson-Russell Software & Services, a CGGVeritas company, have been recognized by their peers and colleagues as the inaugural Honorees of the first CSEG Symposium held in Calgary, Canada on 22 March. The 2012 CSEG Symposium was the first of what will be an annual ev
Germany: Nordex Cancels Plans to Transfer Offshore Activities to Joint Venture
The Nordex group has terminated plans to transfer its entire offshore activities to a joint venture. Nordex was not able to agree with the negotiating partner on a concept for the continuation of the activities in a joint venture. Nordex disclosed its intention to seek an industrial partner for this
Norway: Offshore Vessel Simulator Gets Seismic Streamer Deck
A cutting-edge new system, designed to train engineers and crew in seismic streamer deck handling has been installed at Vestfold University College in Norway. The Seismic Streamer Deck Operation Trainer was developed as part of Kongsberg Maritime’s leading Offshore Vessel Simulator, in co-operation
Denmark: Siri Platform Repair Costs Increase
As announced in June 2011 DONG Energy is implementing a permanent repair solution necessary to restore the integrity of the Danish North Sea platform Siri. Following the progress of the project, the repair cost estimate has been increased from the initial expected DKK 2 billion to DKK 3.5 billion of
Greek Controlled Fleet Hits Record Deadweight Levels
The Greek Shipping Co-operation Committee (GSCC) has confirmed that Liberia is the leading independent ship register of choice for Greek-controlled shipping companies, second only to the Greek flag itself. Figures just released by the GSCC show that, in the year ended 31 March, 2012, Liberia experie
President and CEO of Tidewater Retires (USA)
Tidewater Inc. announced today that Dean Taylor, its President and Chief Executive Officer since March 2002, will retire as an executive officer of the company effective May 31, 2012, after a 34-year career with Tidewater. Mr. Taylor will remain on the Board of Directors, and serve as Tidewater’s no
Denmark: Offshore Wind Farms Need Alternative Capital Sources
The continuing economic crisis has created a need for alternative sources of capital for the renewable energy sector, people attending a panel session at the EWEA 2012 Annual Event in Copenhagen heard on Wednesday. Torben Pedersen, of PensionDanmark, also said there are considerable pressures on pub