Business & Finance
Norway Approves Asgard Subsea Compression
The development of the Åsgard subsea gas compression was approved in the Storting (Norwegian parliament) on 27 March 2012. This signals the start for implementation of one of Statoil’s most demanding technology projects aimed at improving recovery. Åsgard subsea gas compression will increase recover
Norway: Emerson Launches Roxar RMS 2012 Reservoir Modelling Solution
Emerson Process Management has released Roxar RMS 2012, the latest version of its reservoir modelling software. The launch sees the continued expansion of Roxar RMS into the geophysics domain through a completely integrated reservoir modelling workflow which includes seismic interpretation, reservoi
UK: Skandi Foula PSV First to Use New Facilities at Torry Quay
The first phase of a multi-million pound redevelopment project of Aberdeen Harbour’s Torry Quay has been completed. A project milestone, it was marked by the platform supply vessel Skandi Foula, which docked at the quay before loading cargo destined for a North Sea installation. The vessel, chartere
UK: First Vessel Docks at New Aberdeen Harbour’s Torry Quay
The first phase of a multi-million pound redevelopment project of Aberdeen Harbour’s Torry Quay has been completed. A project milestone, it was marked by the vessel Skandi Foula, which docked at the quay before loading cargo destined for a North Sea installation. The vessel is the first to have used
Norway: Spectrum Strengthens Executive Management Team
Spectrum is implementing a strategy of growth in the Multi Client Seismic market and as part of the company’s strategic growth plan Spectrum announces a strengthening of the Executive Management Team. Arne Helland has been appointed as Executive Vice President Strategy and Business Development in Sp
UK: BP Sells SGA to Perenco for USD 400 mln
BP announced today that it has agreed to sell its interests in its southern gas assets (SGA) in the UK North Sea to Perenco UK Ltd for $400 million in cash. As it continues the active management of its business portfolios around the world, focusing on core activities and future growth, BP expects to
Qatar: Huntington Ingalls Participates at DIMDEX
Huntington Ingalls Industries will participate in Doha’s International Maritime Defense Exhibition and Conference (DIMDEX) this week, highlighting the new patrol frigate derivative of the company’s proven U.S. Coast Guard National Security Cutter. The patrol frigate could be built at the company’s I
Canada: SNC-Lavalin Waves Goodbye to CEO
Canada’s engineering and construcion firm,SNC-Lavalin Group Inc, announced that Pierre Duhaime has stepped down from his position as chief executive officer and as a director and will retire from the Company. “Pierre has made major contributions to the growth and profitability of the Company during
New Era for The Netherlands Hydrographic Service
The Royal Netherlands Navy has successfully executed the final contractual tests of its System for Hydrographic Information Processes – Part 2 (SHIP2) project. The SHIP2 project was implemented to produce a new production system for the Netherlands Hydrographic Office. The project will deliver a sol
Malaysia: New Dredger for Inai Kiara
Bakker Sliedrecht recently obtained an unique order for delivering the total electrical installation including the complete automation for a 32 000 m3 hopper dredger. For the first time in Bakker Sliedrecht’s history an order this size has been obtained for a foreign yard and foreign dredging compan
UK: Afren 2011 Profit Almost Triples
A London-based oil and natural gas exploration and production company, Afren Plc, today reported a record turnover of US$597 million for the full year 2011 which represents an 87% increase when compared to the last year’s US$319 million. The company’s 2011 profit nearly tripled, rising 172% from US$
French Technip Becomes Top Employer Europe 2012
Technip announces that it has been certified as a Top Employer Europe 2012. This independent certification, delivered by the CRF Institute, underlines the quality of Technip’s human resources (HR) policies and the excellent and consistent working conditions offered to its people. The CRF Institute,
USA: WHOI Researchers Contribute to Study on Impact of Deepwater Horizon on Coral Reefs
Six scientists from Woods Hole Oceanographic Institution (WHOI) have contributed to a new report finding “compelling evidence” that the Deepwater Horizon oil spill has impacted deep-sea coral communities in the Gulf of Mexico. The study, published the week of March 26 in the journal Proceedings of t
UK’s Rolls-Royce Confirmes Order of Its New Fuel Efficient Fish Transporter Vessel
Rolls-Royce, the global power systems company, has won its first order for a new ship developed specifically for transporting live fish. Norwegian ship owner Sølvtrans AS, the world’s largest transporter of live fish, is the first customer for this advanced, fuel efficient vessel. In order to transp