Business & Finance
China: CNOOC’s 2011 Net Profit Hit Another Record High
CNOOC Limited 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 40.8% and 14.7% yea
Dolphin Geophysical Signs Agreement to Acquire Additional 2D Multi-Client Survey in Mauritania
Dolphin Geophysical have signed a further Agreement with the Government of Mauritania to acquire additional 2D Multi-Client survey over certain offshore areas including designated Deep-Water blocks. These additional data of about 9,000km will increase the total for the NWAAM project to around 26,000
Norway: Naming Ceremony for Olympic Energy PSV
Last Saturday, on March 24th, a naming ceremony for Olympic Shipping’s new Platform Supply Vessel took place in Ålesund. The naming of the vessel, now called Olympic Energy, was performed by Godmother Marianne Synnes. After the ceremony, the ship was open to the public and about 1500 people used the
Croatia: Launching of New Bulk Carrier at ULJANIK Shipyard
In Uljanik, on Saturday 24th March, Hull no. 490 – “Punta”, constructed by ULJANIK Shipyard for the company United Shipping Service, that is Uljanik Plovidba, was launched from slipway no. 1. This ship has been constructed for the transport of bulk cargo and has a deadweight of 52,000 tons, length 1
UK: ITF Boosts Membership with Leading Service Companies
ITF, the oil and gas industry technology facilitator today announced new membership agreements with two major global service companies. Through their membership, Petrofac and Siemens will join other high profile energy players in supporting new technologies through the ITF model to tackle global ind
Greek Shipping Company to Pay USD 2 Million for Intentional Cover-Up of Oil Pollution
Ilios Shipping Company S.A. was sentenced yesterday in federal court in New Orleans for violating the Act to Prevent Pollution from Ships (APPS) and obstruction of justice, announced Assistant Attorney General Ignacia S. Moreno and Jim Letten, U.S. Attorney for the Eastern District of Louisiana. Ili
Germany: Kongsberg to Open Regional Support Office in Hamburg
Kongsberg Maritime Germany opens the renewed and extended CS department on 13. April 2012. After three months of office rebuilding and adding new premises, Kongsberg Maritime Hamburg is proud to announce the opening of its Regional Support Office by new office space, warehouse and workshops. “Contin
UK: Chamber of Shipping Issues Guidelines for Companies on the Bribery Act 2010
The Chamber of Shipping has today launched guidelines to assist shipping companies in the development of anti-corruption policies, with particular emphasis on the problem of facilitation payments. The document has been produced by the Chamber’s Legal, Insurance and Documentary Issues Committee as ge
Australia: Tap Provides Tallaganda-1 Drilling Update
Tap Oil Limited provides the following 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 is being drilled in 1,141 metres of water and
Korea’s DSME Orders Drilling Equipment for Cat D Rigs from Aker Solutions
Aker Solutions has received a Letter of Award from Daewoo Shipbuilding & Marine Engineering (DSME), to supply a further two drilling equipment packages to the ‘Category D’ drilling rigs the yard is building for the rig operator Songa Offshore. Contract value is undisclosed. The development of the Ca
Mermaid Expands Subsea Services with Opening of New Office in UAE
Mermaid announces that its wholly owned subsidiary Subtech Ltd. has opened a branch office in Abu Dhabi, United Arab Emirates. Subtech already has offices in Qatar and Saudi Arabia. The purpose of the Branch Office is to continue the expansion of Mermaid’s footprint in the Middle East region by givi
Croatia: Brodotrogir Delivers New Chemical Tanker to Laurin Maritime
On the 15th of March Brodotrogir d.d. carried out the delivery ceremony for the chemical tanker Amorina. The tanker, which was launched in July last year, is being built for Siteam Navigator Shipping Co.Pte.Ltd., of the Laurin Maritime AB group. The delivery documents were signed by Bo Walter on beh
British Chamber of Shipping Elects New President and Vice-President
Helen Deeble (Chief Executive of P&O Ferries) and Kenneth MacLeod (Chairman of Stena Line (UK)) yesterday elected President and Vice President of the Chamber of Shipping at its Annual General Meeting. In her inaugural address, the President described the stability of the industry’s operating environ
UK: Wireline Engineering Appoints Magnus Wardle as New Engineering Director
Wireline Engineering has announced the appointed of Magnus Wardle as the first Engineering Director in the Aberdeen company’s fourteen year history. A native of Aberdeen, Mr Wardle re-joins Wireline Engineering from Halliburton Energy Services where he spent the past five years as technology manager