Business & Finance
A2SEA Inks Jack-Up Vessel Construction Contract with COSCO, China
A2SEA has signed a contract with Chinese company, COSCO Shipyard Group Co., Ltd., for the construction of a new jack-up vessel specially designed for the purpose of installation of offshore wind turbines. The contract has a value of USD 155 million (approx. DKK 890 million). In 2010 A2SEA also signe
UK: Nexans Cables Meet Changing Needs of ROV Manufacturers
Nexans, a worldwide expert in the cable industry, at Oceanology 2012 showcased its wide range of cable solutions developed to meet the specific needs of workclass ROV manufacturers and operators. Visitors to stand D250 could find out how Nexans is building on many years of experience in the subsea m
African Petroleum Acquires Exploration Permit Offshore Ivory Coast
African Petroleum Corporation Limited, a West African focused oil and gas exploration company on Wednesday signed an agreement with the Société Nationale d’Opérations Pétrolières de la Côte d’Ivoire (“PETROCI”) and the Republic of Côte d’Ivoire to acquire one offshore exploration permit covering blo
UK: SHETL to Develop Subsea Cable Between Caithness and Moray
Scottish Hydro Electric Transmission Limited (SHETL), the licensed transmission owner in the north of Scotland, is planning to develop a 109 km subsea electricity cable between Caithness and Moray to transmit the large volume of existing and planned electricity from renewable sources in the north of
Shell Hires Newbuild Stena IceMAX for Work in French Guyana
Stena Drilling has been awarded a 5 year worldwide drilling contract by Shell for the new build Stena IceMAX. The drilling contract which is on market dayrates will commence in March when the vessel is delivered from the yard in South Korea. The first assignment for the vessel will be in French Guya
Norway: Bergen Group Boosts Offshore Division with New Acquisition
Bergen Group Rosenberg has today signed a contract for acquisition of the majority shareholding (60%) in the engineering company Origo Process AS in Stavanger. Origo Process AS is a well-established supplier of process expertise to the oil and gas industry, and the acquisition will strengthen both t
Norway: Subsea Tunnel Engineering Services Tender Announced
Statens vegvesen Region South which intends, on behalf of Vest-Agder County, to build a subsea tunnel between the mainland and the island of Hidra in Flekkefjord Municipality, has announced the tender for the tunnel engineering services. In this connection, the County Governor of Vest-Agder has requ
XED Delivers New Split Hopper Barge to Serve in Macau Coastal Area, China
The delivery of Macau 1000CUM self-propelled split hopper barge was completed on March 20th 2012. XED Ship Design Co was authorized by Macau Entertainment Co.,Ltd to conduct complete design, the barge was built at Zhongshan Weihang Shipyard Co,Ltd. The vessel will serve in Macau coastal area, workin
Germany: TenneT Invites Tenders for BorWin Alpha Subsea Cable Surveying Services
TenneT Offshore GmbH has announced the tender for subsea cable surveying services for the Alpha Ventus BorWin project. The BorWin Alpha in the North Sea is known as the biggest and most remote offshore wind farm cluster project in the world. For the first time in wind power history, the generated po
Russia: Rosneft Man Becomes Deputy Energy Minister
Russia’s Prime Minister Vladimir Putin yesterday issued an executive order appointing Rosneft’s Pavel Fedorov as Deputy Energy Minister. In response to Pavel Fedorov’s move to work as Deputy Minister in the Ministry of Energy of the Russian Federation, his responsibilities have been reassigned to me
Norway: Lunding Charters LNG Powered Supply Vessel ‘Viking Prince’
Eidesvik has entered into an agreement with Lunding Norway for chartering of the LNG powered supply vessel Viking Prince, which will be delivered from Kleven Verft 30th of March 2012. Viking Prince will replace Viking Athene in the existing contract between the two parties from the time of delivery,
Indonesia: PGN Concludes Relocation of Medan LNG FSRU
Reference is made to stock exchange notices dated 17 June and 7 December 2011, where Höegh LNG Holdings Ltd. informed about the Medan LNG Floating Storage and Regasification Unit (“FSRU”) project in North Sumatra, Indonesia. Furthermore, reference is made to the stock exchange notice dated 25 Januar
Norway: Eidesvik Charters Viking Prince PSV to Lundin
Eidesvik has entered into an agreement with Lundin Norway for chartering of the LNG powered supply vessel Viking Prince, which will be delivered from Kleven Verft 30th of March 2012. Viking Prince will replace Viking Athene in the existing contract between the two parties from the time of delivery,
Expresso Reveals Plans for New Submarine Cable in Ghana
Expresso Ghana has recently revealed its plans to set up a new ACE submarine fiber optic cable in Ghana. Following MTN and Glo Mobile, Expresso would be the third individual operator in Ghana to have landed a submarine fiber optic cable. The 14,000km ACE cable originates from France and ends in Sout