Business & Finance
USA: Leevac Shipyards to Build Two Terminal-Escort Tugs
Leevac Shipyards Jennings, LLC has signed contracts with Bay Houston Towing Co. and Suderman & Young Towing Company, both of Houston, TX, to Build two (2) 80′ x 38′ x 16′ Z-Tech 2400 Class Terminal / Escort Tugs. “We are very excited to have this opportunity to begin this partnership with companies
USA: Textron Systems’ Second Fleet-Class CUSV Completes In-Water Demonstration
Textron Systems Advanced Systems, an operating unit of Textron Systems, a Textron Inc. company, announced yesterday that its second Fleet-class Common Unmanned Surface Vessel (CUSV) completed a successful in-water demonstration last week in New Orleans following vessel modifications at the Textron M
UAE: Lamprell to Refurbish and Upgrade 5 Jack-Up Rigs
Lamprell, a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewables industry, announces that it has secured orders from multiple clients during Q1 2012 to undertake a number of jackup rig upgrade and refurbishment projects, with a com
Cargotec Secures MacGregor GLH Cranes Order from Chinese Shipyard
Cargotec has confirmed a contract worth around EUR 10 million from a Chinese shipyard to deliver twenty 120-tonne MacGregor GLH cargo handling cranes for ten general cargo vessels. The cranes will be delivered during 2012 and 2013. The order is booked in the first quarter of 2012. “MacGregor cranes
UK: STL Wins Government Grant to Develop Offshore Personnel-Access System
STL Research announce that they have recently been awarded Government funding to accelerate their project to develop an offshore personnel-access system. Code-named Neptune, the system will space-stabilise its personnel carrier regardless of the motion of the ship on which it is mounted so that pers
The Netherlands: IHC Merwede Profit and Revenues on the Rise
IHC Merwede develops and builds innovative vessels, advanced equipment and life-cycle support services for the dredging, mining and offshore industries. The company’s international outlook and expanding portfolio have helped it to record increased revenue and profit figures for 2011, and maintain it
Ireland: Fastnet’s 3rd Windfarm Support Vessel Launched
Leading Independent Marine Plant and Wind Farm Support Vessel Operator Fastnet Shipping Limited announced the launch of their 3 rd Windfarm Service and Support Vessel “Fastnet Skua” bringing their total fleet of Windfarm Support Vessels, Tugs, Jack up Barges and Pontoons to over 22 vessels. Fastnet
Tallaganda-1 Discovery Needs Further Analysis (Australia)
Tap Oil Limited has provided the final update on the Tallaganda-1 exploration well in permit WA-351-P offshore Carnarvon Basin, Western Australia. The Tallaganda-1 well is located within permit WA-351-P, of the Carnarvon Basin, Western Australia. The well was drilled in 1,141 metres of water to a fi
Norway: TTS Group Sells Its Drilling Equipment Business
TTS Group ASA have today entered into an agreement to sell its drilling equipment business, a part of TTS Energy divison, and relevant subsidiaries, to Cameron International Corporation for USD 270 million, plus a turnover based earn-out model for a three-year period. Offshore Handling (cranes and w
Brazil: Leak at Sevan Driller Control Line
Sevan Drilling, an international drilling contractor specializing in the ultra deepwater (UDW) segment, has reported that on Friday afternoon, during a routine pressure test of the BOP a leak was found in a control line of Sevan Driller ultra deepwater rig. To replace the control line the BOP has be
USA: Mercom Announces Report on Funding and M&A Activity for Wind Energy Sector
Mercom Capital Group, llc, a global clean energy communications and consulting firm, today released its report on funding and merger and acquisition (M&A) activity for the wind energy sector for the first quarter of 2012. Venture capital (VC) funding in the first quarter came in strong with $240 mil
Saudi Arabia: BAHRI Inks Contract to Build Five Dry Bulk Ships
The National Shipping Company of Saudi Arabia (BAHRI) announced that the company signed an agreement on Tuesday the 17th April 2012 to build (5) Kamsarmax vessels to transport dry bulk cargo. These generation vessel are of 82,000 DWT, length 229 meters, with modern fuel saving technologies and lates
USA: Non-Exec Director Leaves Silvermere
Silvermere Energy Plc , the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the US, announces that Bruce Evers, a non-executive director of the Company, has resigned from the Company, in order to pursue other business interests. “The Com
MPI Workboats Takes Over New Crew Transfer Vessel from South Boats, UK
South Boats Special Projects Ltd. announced the launch and commissioning of its 56th offshore wind farm crew transfer vessel, ‘MPI Cardenio’. The vessel is a fourth of class South Catamaran 17m and is the first of a two boat order from MPI Workboats Ltd. to be delivered. This vessel compliments the