Business & Finance
The Netherlands: OWS Acquires Offshore Wind Power Marine Services
Rotterdam based Offshore Wind Services BV (OWS) announces the acquisition of one of the best known operators in the offshore wind crew transfer industry; North Wales based Offshore Wind Power Marine Services Ltd. (OWPMS). OWPMS has been providing crew transfer services since 2003 and has been instru
UK: Wood Group Kenny Lands EFA from Shell for SURF, FEED Services Worldwide
Wood Group Kenny has been awarded an Enterprise Frame Agreement (“EFA”) by Shell Global Solutions International BV (“Shell”) to provide subsea, umbilical, riser and flowline (SURF) engineering and construction management services to Shell worldwide, with primary focus on the Asia Pacific region, alo
IMO Reaffirms Its Commitment to Domestic Ferry Safety After Bangladesh Disaster
IMO Secretary-General Koji Sekimizu has offered his condolences and sympathies to the families of all those who lost their life aboard the passenger ferry Shariatpur-1, which sank yesterday (13 March 2012) after being hit by a small cargo ship in the Meghna River, south-west of the Bangladeshi capit
UK: Natural Power and SeaRoc Jointly Encourage Wave and Tidal Industry Growth
Leading international renewable energy consultancy Natural Power and marine engineering specialists SeaRoc are opening a new office in Orkney, establishing a new joint presence for the companies to support the development of marine projects and encourage the growth of the wave and tidal energy indus
ATLAS Founds Naval Support Centre in Thailand
ATLAS ELEKTRONIK, a world leading provider of naval electronic systems, has founded a Naval Support Centre (NSC) in Thailand in order to support the Royal Thai Navy. This ATLAS NAVAL SUPPORT CENTRE is a joint venture company with strong Thai shareholding. Based on the good and trustful cooperation w
Brazil: OSX Raises USD 500 Million for FPSO Financing
OSX raised US$ 500 million by issuing Senior Secured Bonds in the international market, the net proceeds of which shall be used for the construction of its FPSO OSX-3. The FPSO OSX-3 will have an oil production capacity of 100.000 bopd and a storage capacity of up to 1.300.000 bbls. The unit will be
Norway: February Production Down 26.000 Barrels
The Norwegian Petroleum Directorate, a governmental specialist directorate and administrative body today released preliminary production figures for February 2012. The figures for February 2012 indicate an average daily production of about 2 082 000 barrels of oil, NGL and condensate. This is a decr
UK: Coretrax’s Expansion in Aberdeen
Aberdeen-based oilfield service company Coretrax Technology Ltd has recruited 3 new staff bringing its team in Aberdeen to twelve. Chris Calder joins as Operations Manager from Halliburton Energy Services. Chris, who has a MEng in Mechanical Engineering from Strathclyde University, brings several ye
Brazil: OSX Raises USD 500 Million for FPSO Financing
OSX raised US$ 500 million by issuing Senior Secured Bonds in the international market, the net proceeds of which shall be used for the construction of its FPSO OSX-3. The FPSO OSX-3 will have an oil production capacity of 100.000 bopd and a storage capacity of up to 1.300.000 bbls. The unit will be
Qatar: Halul Offshore Secures Funds for Fleet Expansion
Halul Offshore Services Company, a wholly owned subsidiary of Milaha (previously known as Qatar Navigation), has secured an eight year US$ 60 million (equivalent to QAR 220 million) ship financing facility with Sumitomo Mitsui Banking Corporation (SMBC). Proceeds from the facility will be utilized b
Qatar: Halul Offshore Secures USD 60 Million for Fleet Expansion
Halul Offshore Services Company, a wholly owned subsidiary of Milaha (previously known as Qatar Navigation), has secured an eight year US$ 60 million (equivalent to QAR 220 million) ship financing facility with Sumitomo Mitsui Banking Corporation (SMBC). Proceeds from the facility will be utilized b
Qatar: Halul Offshore Secures Cash for Fleet Expansion
Halul Offshore’s expansion strategy aims at improving the technical capabilities of its fleet and also expanding the fleet size to selectively expand its geographical presence
UK: Coda Octopus Products and Seatronics Pen Echoscope TAP Agreement
During Oceanology International, Coda Octopus Products and the world’s largest marine electronic equipment rental company, Seatronics, have signed an agreement with an initial investment worth over $1.5m to increase the number of Echoscope® systems available for rental worldwide through a joint Tech
USA: MacArtney Offshore and M.J. Stewart Associates Join Forces in MacArtney Inc.
MacArtney Underwater Technology Group, a world leader in underwater services and support, has announced that it has expanded its North American operations. MacArtney Offshore and M.J. Stewart Associates have joined forces as MacArtney Inc. MacArtney Inc. has assumed responsibility for SubConn® sales