Business & Finance
OSC’s First VLOC Enters Final Outfitting Berth at Rongsheng Heavy, China
Oman Shipping Company’s first VLOC, the VALE LIWA was floated out of the construction docks and transferred to the final outfitting berth at Rongsheng Heavy Industries shipyard in China. The VALE LIWA is the first in a series of four VLOC’s currently under construction for Oman Shipping Company at t
UK: SeaHold GEOSHIPS Charters MPSV Loch Roag from Otto Marine
Otto Marine Limited, a leading offshore marine company which specializes in building complex offshore support vessels, ship chartering and offers specialized offshore services, announces that it has secured a bareboat charter contract from SeaHold GEOSHIPS LIMITED (A UK based. ISO 9001 certified Mar
FSG to Open New Office Flensburg Ship Design in Hamburg, Germany
Flensburger Schiffbau-Gesellschaft (FSG) recently booked attractive new orders as part of an expansion of its product portfolio. Now the shipyard is in the press yet again – by creating 40 jobs for engineers at a new office in Hamburg. “In May we will open our new office Flensburg Ship Design in Ham
Singapore’s Otto Secures Charter for Loch Roag Vessel
MT 6009, DNV classified Multi Purpose Field Support Vessel “Loch Roag”, will be the Group’s first ever vessel to operate in the North Sea to support the Oil and Gas and Offshore Renewable markets
USA: Vantage Drilling Signs Agreement to Acquire Dragonquest
Vantage Drilling Company yesterday announced that it has signed a definitive agreement to acquire the rights and obligations under the construction contract for the ultra-deepwater drillship known as Dragonquest from Valencia Drilling Corporation, a Marshall Islands corporation for a purchase price
UK: Ashtead Technology Expands Its Product Line with Vortex International
Leading marine equipment rental company Ashtead Technology has expanded its product line with Vortex International Ltd. Ashtead Technology has been the exclusive Global Rental Representative within the Oil and Gas sector for the rental of the Vortex Dredge Unit for over a year. The Vortex product ra
USA: Vantage Drilling Buys Dragonquest Drillship
Vantage Drilling Company has signed a definitive agreement to acquire the rights and obligations under the construction contract for the ultra-deepwater drillship known as Dragonquest from Valencia Drilling Corporation, a Marshall Islands corporation for a purchase price of approximately $164 millio
Otto Marine Enters Charter Contract with UK Based SeaHold GEOSHIPS
Otto Marine Limited, an offshore marine company which specializes in building offshore support vessels, ship chartering and offers specialized offshore services, announces that it has secured a bareboat charter contract from SeaHold GEOSHIPS LIMITED for an initial value of US$ 36.5 million over 5 ye
Norway: FMC Technologies’ Equipment for Fram H-Nord Field
FMC Technologies, Inc. announced that it has signed an agreement with Statoil for the manufacture and supply of subsea production equipment to support the Fram H-Nord development. The contract has a value of approximately $70 million in revenue to FMC. FMC’s scope of supply includes one subsea produ
FMC Technologies to Supply Subsea Systems for Statoil’s Fram (Norway)
FMC Technologies, Inc. has signed an agreement with Statoil for the manufacture and supply of subsea production equipment to support the Fram H-Nord development. The contract has a value of approximately $70 million in revenue to FMC. FMC’s scope of supply includes one subsea production tree, one ma
Ashtead Technology Expands Its Singapore Team
Market leading asset rental business Ashtead Technology, a supplier of specialist equipment to the offshore subsea oil and gas sector and the environmental consulting, non-destructive testing and remote-visual inspection industries, announce the appointment of several new key members of staff to the
UK: Expro Wins Offshore Achievement Innovator Award
International oilfield services company Expro has won the Offshore Achievement Innovator Award in recognition of its ground breaking AX-S subsea well intervention technology. The Innovator Award, which was presented at a ceremony in Aberdeen on Thursday (15 March), recognises excellence in innovativ
Bangladesh: Western Marine Shipyard Set to Deliver Two Ships to Grona Shipping
Bangladesh’s leading shipbuilding company Western Marine Shipyard Limited is set to deliver two more ships to German (Wednesday, 21 Mar 2012), setting another milestone in the country’s shipbuilding industry. The delivery would be the fourth pair of ice class ships built by the Western Marine for th
UK: Ashtead Technology Announces Purchase of Sonardyne 6G Technology
Leading subsea equipment rental company Ashtead Technology has announced the purchase of $1.4m of Sonardyne 6G subsea acoustic positioning equipment. The announcement was made on the opening day of the Oceanology International 2012 exhibition and conference in London. The new equipment will be added