Business & Finance
Spain: Boluda Takes Part in Ecoport Program
The objective of this working group is to improve the environmental status of Gandia, Valencia and Sagunto ports. Valencia – Boluda Towage and Salvage, a division of Boluda Corporación Marítima which holds a leading position in the shipping sector at national and international level, focuses on towi
Saipem Bags USD 700 M Worth of Offshore Jobs in Brazil and Saudi Arabia
Saipem has been awarded new E&C Offshore contracts in Brazil and Saudi Arabia, worth approximately $700 million. In Brazil, Saipem has been awarded by Petrobras the EPCI contract for the gas export trunkline Rota Cabiúnas, situated in the Santos Basin Pre-Salt Region, approximately 300 kilometres of
USA: Hercules Offshore Completes Acquisition of Drilling Rig Ocean Columbia
Hercules Offshore, Inc. announced yesterday that it has closed the previously announced acquisition of the offshore drilling rig Ocean Columbia from a subsidiary of Diamond Offshore Drilling, Inc. for $40 million in cash. Ocean Columbia, to be renamed Hercules 266, is a LeTourneau Class 82 SD-C self
Italy’s Saipem Hired by Petrobras and Saudi Aramco
Saipem has been awarded new E&C Offshore contracts in Brazil and Saudi Arabia, worth approximately $700 million
British Ports Association Elects New Chairman
Colin Parker, Chief Executive of Aberdeen Harbour Board, has been elected Chairman of the British Ports Association for the next two years at its AGM in London on 27 March. Also elected was Andrew Moffat, Chief Executive of the Port of Tyne, as Vice Chairman and Sara Bassett, Finance Director of Sho
Australia: Searcher Seismic Announces Bonaparte 3D Ultracube PSTM Reprocessing
Following on from the success of the Barrow Ultracube in the Carnarvon Basin, Searcher Seismic and Fugro have now expanded the Ultracube concept of high quality 3D PSTM reprocessing from field tape and contiguous migration into the Bonaparte Basin to offer the industry a fully PSTM reprocessing 3D c
Galp, Sinopec Close Petrogal Brasil Transaction
Galp Energia and Sinopec successfully closed today the agreement announced in November 2011, related to the capital increase in Petrogal Brasil and other related entities, responsible for Galp Energia’s upstream activities in Brazil. As per the agreement, and after receiving the approval of the comp
Denmark: BIMCO Publishes GUARDCON Standard Contract
BIMCO announced the publication of the GUARDCON standard contract for the employment of security guards on vessels. This brand new contract has been developed to provide ship owners and private maritime security companies (PMSC) with a clearly worded and comprehensive standard contract to govern the
CNOOC Ltd. 2011 Net Profit Reaches Record USD 11.1 bln
China’s CNOOC Limited yesterday announced its annual results for the 12 months ended December 31, 2011. In 2011, the Company’s average realized oil price amounted to US$109.75 per barrel and its average realized natural gas price reached US$5.15 per thousand cubic feet, representing an increase of 4
UK: Plexus Announces Interim Results
Plexus Holdings plc, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering announces its interim results for the six months to 31 December 2011. Highlights Financial · 24% increase in sales revenue to £9.3m (2010:
Singapore: FSL Trust Enters Charter Contract for Its Product Tanker
FSL Trust Management Pte. Ltd. (“FSLTM”), as trustee-manager of First Ship Lease Trust (“FSL Trust”) wishes to announce that it has reached an agreement to charter its vessel, ‘FSL Singapore’, to Petròleo Brasileiro S.A. (“Petrobras”) on a three-year time charter contract. The vessel is expected to
U.A.E: Grandweld Establishes New Ship Repair Division in Fujairah
Grandweld Shipyards announces that it has established a new Ship Repair division in Fujairah, in order to expand its ship repair facilities, and service capabilities at Fujairah Port and offshore Fujairah. With its latest expansion, Fujairah port has become the second largest bunkering port in the w
Norway: MaXccess System Completes Offshore Trials
OSBIT Power (OP), Siemens Wind Power and Statoil announced that they have successfully completed offshore trials of OP’s innovative offshore wind turbine access system, MaXccess. The trials were conducted with the backing of Siemens Wind Power and Statoil, at the Hywind Demo floating offshore wind t
Norway: Kongsberg Establishes Cybernetics R&D Group
Kongsberg Maritime has recently established a specialist ‘Cybernetics R&D Group’, whose main goal is to contribute at the cutting edge of research-based and market-oriented innovation across product areas such as dynamic positioning, navigation and automation systems. The group, which is currently r