Business & Finance
UK: Global Marine Energy to Provide Cable Landing Works for Lincs Offshore Wind Farm
Centrica Renewables Energy Ltd has contracted Global Marine Energy Ltd., the largest independent provider of subsea power cable installation, maintenance and related engineering services worldwide, to provide the cable landing works related to the west export nearshore cable at the Lincs Offshore wi
Norway: Bergen Group Secures Second Contract from Volstad Maritime
Bergen Group Fosen has been awarded a contract from Volstad Maritime AS for building a large and high end offshore vessel. The contract has an estimated value of NOK 750 million, and this is the second contract awarded from the shipping company this year. The signed contract is subject to final boar
Norway: Volstad Orders Offshore Construction Vessel from Bergen Group
Bergen Group Fosen has been awarded a contract from Volstad Maritime AS for building a large and high end offshore vessel. The contract has an estimated value of NOK 750 million (USD 132 million), and this is the second contract awarded from the shipping company this year. The signed contract is sub
US Navy Seeks Green Energy in Kaneohe Bay
The Navy’s energy future was the focus of a two-day NAVFAC Conference and Industry Day held March 26-28 at the Koa Malina Officers Club, Marine Corps Base Hawaii (MCBH), Kaneohe Bay. The Navy, in partnership with the U.S. Department of Energy, will select three ocean energy power developers to occup
Singapore: Sembcorp’s Jurong Shipyard Wins USD 568 Mln Contract
Sembcorp Marine’s subsidiary Jurong Shipyard has secured a US$568 million contract to build a harsh-environment ultra-deepwater semi-submersible rig from North Atlantic Drilling Limited, a 74 percent owned subsidiary of Seadrill Limited (“Seadrill”). The new rig will be constructed based on the Moss
Norwegian Government Approves Martin Linge Development Plan
The Norwegian Government approved the development plan for the Martin Linge gas field. Until now the licensees have referred to the field as Hild. Located in the northern part of the North Sea, the field is about 150 kilometres west of Kollsnes. Total investments in the development amount to about N
Singapore: Sembcorp Bags USD 560 mln Rig Order from Seadrill
Sembcorp Marine’s subsidiary Jurong Shipyard has secured a US$568 million contract to build a harsh-environment ultra-deepwater semi-submersible rig from North Atlantic Drilling Limited, a 74 percent owned subsidiary of Seadrill Limited (“Seadrill”). The new rig will be constructed based on the Moss
Polarcus Receives LoI for 3D Acquisition Program Offshore Norway
Polarcus Limited announces that the Company has received a Letter of Intent from an undisclosed client for two 3D seismic acquisition projects offshore Norway. The program will commence in mid-May and is expected to run for approximately 105 days. About Polarcus Polarcus is a pure play marine geophy
Saudi Arabia: NSCSA Announces Termination of VLCC Time Charter Contract
The National Shipping Company of Saudi Arabia (NSCSA) announces that RWE Supply & Trading GmbH, which had time-chartered Very Large Crude Carrier (Harad) for three years expiring on 24th April 2013, wanted to terminate the time-charter contract on 21st April 2012 and redeliver the vessel. It was agr
UK’s Cairn Buys Norway’s Agora Oil & Gas
Cairn announces the acquisition of Agora Oil & Gas AS (Agora) subject to regulatory approval, a private Norwegian company with non-operated, exploration, appraisal and development assets in the United Kingdom (UK) and Norwegian North Sea. The enterprise value of the proposed acquisition of Agora as
Spectrum Starts Luderitz Seismic Survey Offshore Namibia
Spectrum, in partnership with the National Petroleum Corporation of Namibia (NAMCOR), has commenced a new project in the Luderitz basin following the successful completion of an extended 2D Multi-Client seismic survey covering the deep water Orange Basin, offshore Namibia. The Orange Basin program a
Spectrum Starts Seismic Survey in Luderitz Basin Offshore Namibia
Spectrum, in partnership with the National Petroleum Corporation of Namibia (NAMCOR), has commenced a new project in the Luderitz basin following the successful completion of an extended 2D Multi-Client seismic survey covering the deep water Orange Basin, offshore Namibia. The Orange Basin program a
The Netherlands: Naming Ceremony for DCI DREDGE XIX at IHC Merwede’s Shipyard
IHC Merwede has successfully named and launched the 5,500m³ trailing suction hopper dredger, DCI DREDGE XIX, in today’s ceremony at the company’s shipyard in Krimpen aan den IJssel, The Netherlands. It is building the innovative vessel for Dredging Corporation of India Ltd. The ceremony was performe
The Netherlands: DCI DREDGE XIX Launched
IHC Merwede has successfully named and launched the 5,500m³ trailing suction hopper dredger, DCI DREDGE XIX, in today’s ceremony at the company’s shipyard in Krimpen aan den IJssel, The Netherlands. It is building the innovative vessel for Dredging Corporation of India Ltd. The ceremony was performe