Business & Finance
AGR Inks Frame Agreement with Lundin Norway
AGR Facilities Solutions AS, part of the AGR Group, has signed a Frame Agreement with Lundin Norway AS. The activity will include engineering and technical services until the end of 2013 – worth more than £760,000 for this year alone. These services will range from system engineering and mechanical
AGR Inks Frame Agreement with Lundin Norway
AGR Facilities Solutions AS, part of the AGR Group, has signed a Frame Agreement with Lundin Norway AS. The activity will include engineering and technical services until the end of 2013 – worth more than £760,000 for this year alone. These services will range from system engineering and mechanical
Ukraine: 107-Year Old Submarine Becomes Museum Piece
A submarine of Russian Imperial Navy lying at the depth of 76 meters near Cape Fiolent (Sevastopol, Ukraine) will be lifted soon. As is planned, the sub is to be turned into museum. Submarine Skat was built in 1905. She was responsible for protection of Sevastopol and was sunken in 1919 as overaged
NSCSA America Wins Maryland’s 16th Annual International Leadership Award
The State of Maryland named NSCSA (America) Inc. one of the Maryland’s 16th Annual International Leadership Award winners for 2012. NSCSA (America) Inc. was selected by the World Trade Center Institute’s (WTCI) Awards Review Committee as one of the top six firms in Maryland our of sixty nominees and
Baker Hughes to Bring New Pressure Pumping Vessel to North Sea in 2013
Baker Hughes Incorporated announced that its subsidiary has chartered a new state-of-the-art pressure pumping vessel that will provide offshore stimulation services to Maersk Oil in the North Sea. Upon completion, scheduled for late 2013, the Blue Orca(TM) will become the eighth vessel in the Baker
Enegi, ABT Team up to Apply for UK Offshore Assets
Enegi Oil has entered into a strategic partnership with Advanced Buoy Technology (ABTechnology) Ltd (“ABT”) to apply for offshore assets in the UK North Sea under the 27th Seaward Licensing Round (“the Licencing Round”), organised by the Department of Energy and Climate Change (DECC), which has alre
Israel: INGL Purchases Hydratight’s Morgrip Connectors
Hydratight’s experience and quality has won the company a major MORGRIP connector contract with government-run Israel Natural Gas Lines in Tel Aviv. In 2005, Hydratight was hired to help repair a subsea 30in main gas pipe which supplies the fuel to provide 25 per cent of the country’s electrical pow
Thailand: Coastal Encounters 88 Feet of Net Pay
Coastal Energy Company, an independent exploration and production company with assets in Thailand, announces the successful results of the Bua Ban South A-01 well. The Bua Ban South A-01 well was drilled to a total depth of 8,500 feet TVD. The well encountered 88 feet of net pay in the Lower Oligoce
The Netherlands: Damen, MURUETA Shipyard Cooperate in TSHD New Building
Damen Dredging Equipment and Astilleros de Murueta are cooperating at present in the new building of two maintenance trailing suction hopper dredgers and one sand mining hopper. Each party contributes its specific knowledge : MURUETA designs and builds the vessels and Damen Dredging designs and buil
Norway: Aker Solutions’ Innovative Belly-Spar Platform for Aasta Hansteen Field
Aker Solutions has been awarded a FEED (front-end engineering and design) contract from Statoil to design the world’s largest Spar platform for the Aasta Hansteen field development in the Norwegian Sea. With a total hull length of 193 meters and a draught of 170 meters, the Aasta Hansteen (formerly
Canada: Fednav Renews Its Fleet
Fednav Limited, the largest international maritime bulk carrier in Canada, yesterday marked the first visit of its latest addition to its fleet to Canada. The Port of Trois-Rivières welcomed the Federal Sable, a bulk carrier of 37,200 tons deadweight (DWT). This new addition will reduce the environm
USA: Murphy Oil’s Chairman Passes Away
Murphy Oil Corporation announces the death of Chairman of the Board, William C. Nolan, Jr. Mr. Nolan died on March 12, 2012 at the Medical Center of South Arkansas in El Dorado following a brief illness. He was 72 years old. Nolan received his undergraduate degree from Yale University in 1961, and h
Aker Solutions to Design World’s Largest Spar Platform for Statoil
Aker Solutions has been awarded a FEED (front-end engineering and design) contract from Statoil to design the world’s largest Spar platform for the Aasta Hansteen field development in the Norwegian Sea. With a total hull length of 193 meters and a draught of 170 meters, the Aasta Hansteen (formerly
Germany: NORD/LB Participates in Financing of Offshore Wind Farm Installation Vessel
NORD/LB Norddeutsche Landesbank is participating in the financing of an installation vessel for offshore wind energy farms. Commissioned by the international provider of construction-related services HOCHTIEF, the “VIDAR” is a jack-up vessel being built at the Crist shipyard in Poland and scheduled