Business & Finance
USA: ORPC Plans to Deploy TidGen Power System in Maine
Department of Energy (DOE) grant recipient, Ocean Renewable Power Company (ORPC) is now licensed to construct, operate, and maintain its 5-unit, 300 kW TidGen Power System in Cobscook Bay, Maine. In 2010, DOE awarded $10 million to ORPC’s $21-million TidGen Power System Commercialization Project. Th
Fairstar: FJELL Bags Nigeria Gig. FJORD Prepares for Gorgon, Australia
Fairstar Heavy Transport N.V. (FAIR) has signed a contract with Aveon Offshore Limited to provide marine transportation services for the Chevron OAGM project in Nigeria. The FJELL will transport two power barges from the Bonny River in Nigeria to the Escravos Area. The contract value is USD 1.2 mill
FAIR Secures Marine Transportation Contract from Aveon Offshore in Nigeria
Fairstar Heavy Transport N.V. (FAIR) has signed a contract with Aveon Offshore Limited to provide marine transportation services for the Chevron OAGM project in Nigeria. The FJELL will transport two power barges from the Bonny River in Nigeria to the Escravos Area. The contract value is USD 1.2 mill
Russia: First Gas from Kirinskoye Field in 2H 2012
In 2012 Gazprom will launch gas production from the Kirinskoye gas and condensate field on the Sakhalin shelf as part of the Sakhalin III project. For the first time ever natural gas will be produced by a subsea production system in Russia. By the moment, a gathering manifold to intake gas mixture f
USA: Deep Down Reports Growth in 2011 Results
Deep Down, Inc., an oilfield services company specializing in products and services for the deepwater and ultra-deepwater oil and gas industry, reported $2.1 million of net income for 2011, an improvement of $20.0 million over the same period in 2010. OPERATING RESULTS For 2011, Deep Down reported n
Australia: Incat Crowther Launches New Catamaran for Offshore Unlimited
Incat Crowther announced the launch of Outer Limit, a 35m Catamaran Work Boat for Offshore Unlimited. Launched by Richardson Devine Marine, Outer Limit is the third vessel for the operator after 2008’s Unlimited and 2010’s Limitless. The vessel will be able to carry 125t of deadweight, with capacity
USA: BSEE Approves Shell’s Beaufort Sea Oil Spill Response Plan
The Bureau of Safety and Environmental Enforcement (BSEE) today issued an approval of Shell Gulf of Mexico, Inc.’s Oil Spill Response Plan (OSRP) for the Beaufort Sea. This decision follows the bureau’s thorough review of the plan and consultations with federal and state partner agencies involved in
Russia: Gazprom Expects First Gas from Kirinskoye Field in 2012
In 2012 Gazprom will launch gas production from the Kirinskoye gas and condensate field on the Sakhalin shelf as part of the Sakhalin III project. For the first time ever natural gas will be produced by a subsea production system in Russia. By the moment, a gathering manifold to intake gas mixture f
Rolls-Royce Design and Equipment for Chinese-built OSVs
Rolls-Royce, the global power systems company, has won a £24 million order to design and equip four offshore service vessels which will be built by COSCO (Guangdong) Shipyard Co., Ltd in China. The Rolls-Royce UT 771 CDL vessels will feature a fully integrated equipment system including highly effic
Brazil: Petrobras’ February Production Figures
Petrobras’ February average oil and natural gas output in Brazil and abroad was 2,700,814 barrels of oil equivalent per day (boed). Considering only the fields in Brazil, production added up to 2,455,636 barrels of oil equivalent per day (boe). This was 1.1% less than the total volume lifted last Ja
Germany: SOC to Supply Inner Array Cables for Amrumbank West Offshore Wind Farm
Siem Offshore Contractors GmbH, a wholly owned subsidiary of Siem Offshore Inc., announced that SOC has been awarded the contract for the installation of the inner array grid cables as well as associated services for the Amrumbank West Offshore Wind Farm project by Amrumbank West GmbH, a subsidiary
Rolls-Royce Confirms OSV Order from COSCO Guangdong Shipyard, China
Rolls-Royce, the global power systems company, has won a £24 million order to design and equip four offshore service vessels which will be built by COSCO (Guangdong) Shipyard Co., Ltd in China. The Rolls-Royce UT 771 CDL vessels will feature a fully integrated equipment system including highly effic
USA: Hercules Completes Acquisition of Ocean Columbia Jack-up Rig
Hercules Offshore, Inc. announced today that it has closed the previously announced acquisition of the offshore drilling rig Ocean Columbia from Diamond Offshore Drilling, Inc. for $40 million in cash. Ocean Columbia, which will get a new name, Hercules 266, is a LeTourneau Class 82 SD-C jack-up dri
Greece: Euromar Buys Containership MV Cap Norte
Euroseas Ltd., an owner and operator of drybulk carriers, containerships and multipurpose vessels and provider of seaborne transportation for dry bulk and containerized cargoes, announced yesterday that its joint venture, Euromar LLC (“Euromar”), signed a memorandum of agreement to purchase the M/V