Business & Finance
Leighton: Oil Flows to SPM Offshore Iraq
Leighton Offshore recently announced that following the successful hydrostatic testing of the onshore and offshore pipeline systems and subsequent final commissioning of the offshore export facility, crude oil was now flowing to a single point mooring (SPM) installed under the $799m Iraq Crude Oil E
Japan: MHI, Sinopacific Ink Joint-Development Agreement
Mitsubishi Heavy Industries, Ltd. (MHI) signed a joint-development agreement with Sinopacific Shipbuilding Group Co., Ltd. of China under which MHI will provide technological support to Sinopacific in the area of commercial vessel construction. MHI is currently promoting expansion of its engineering
USA: Thrustmaster to Provide DP Solution for McDermott’s Heavy-Lift Vessel
McDermott has awarded a major contract to Thrustmaster of Texas to upgrade its Derrick Barge DB30 with dynamic positioning capabilities (DP-2). Thrustmaster of Texas will provide McDermott with a turnkey DP solution for its heavy-lift and pipelay vessel which will include eight 2,000hp retractable h
Canada: 2G Robotics Offers Underwater Scanning Solutions
2G Robotics has offered a variety of customized solutions for underwater scanning. These solutions rarely come ready off the shelf and the creation of custom frames and rigging is a necessity. To collect proper data, it is important that ULS scanners remain stationary relative to the target surface
USA: Thrustmaster of Texas to Upgrade McDermotts’ Derrick Barge
McDermott has awarded a major contract to Thrustmaster of Texas to upgrade its Derrick Barge DB30 with dynamic positioning capabilities (DP-2). Thrustmaster of Texas will provide McDermott with a turnkey DP solution for its heavy-lift and pipelay vessel which will include eight 2,000hp retractable h
UK: L&N Receives Order for Manufacture and Supply of Flowline Spools
L&N have been awarded a six figure sum order for the manufacture and supply of Flowline Spools. The award of this order demonstrates the company’s natural progression from a fabrication provider to a full turnkey manufacturing supplier. Craig Finnie, Operations Director states: ‘Significant investme
Scottish Enterprise Hails GIB Announcement
Scottish Enterprise has welcomed decision by Vince Cable that the headquarters of the new UK Green Investment Bank will be located in Edinburgh. Scottish Enterprise chairman, Crawford Gillies, said: “This is fantastic news for Edinburgh and for Scotland. The Green Investment Bank will be an enduring
Scottish Enterprise Hails GIB Announcement
Scottish Enterprise has welcomed decision by Vince Cable that the headquarters of the new UK Green Investment Bank will be located in Edinburgh. Scottish Enterprise chairman, Crawford Gillies, said: “This is fantastic news for Edinburgh and for Scotland. The Green Investment Bank will be an enduring
Saudi Aramco Hires Seadrill’s Jack-up Rig
Seadrill has signed a contract with Saudi Aramco for employment of the jack-up rig West Callisto offshore Saudi Arabia. The contract duration is a minimum of three years plus an option for a one year extension. The potential revenue for the three year period is approximately US$164 million plus a US
Five Shipping Companies Enter into Individual Cooperation Agreements on Asia-Europe Trades
Cosco, “K” Line, Yang Ming, Hanjin and Evergreen Line have agreed to initiate individual cooperative arrangements on Asia-Europe trades starting from April 2012 as announced last December. This cooperation between the four CKYH Lines and Evergreen Line is designed to offer customers best sailing fre
UK: SubCtech GmbH Launches New pCO2 Buoy and Deep-Sea Analyzer
SubCtech GmbH presents the complete product range of pCO2 analyzer and environmental monitoring systems e.g. for vessels. Recently this product family has been completed with new systems especially designed for buoy and subsea applications, launched at OI 2012. In addition, the company provides subs
BMT ARGOSS Strengthens Foothold in Southeast Asia
BMT ARGOSS, a subsidiary of BMT Group, the leading international maritime design, environmental and engineering consultancy, has recently been awarded a number of projects in Southeast Asia including metocean studies for Petronas Carigali Sdn Bhd and its offshore development, east of Sabah in Malays
UAE: Drydocks World to Build World’s Largest Turret for Prelude FLNG
Drydocks World, international player in ship repair and rig upgrade, conversion and new building, announced that it will build the world’s largest turret weighing 11,500 tonnes for SBM Offshore, a pioneer in the offshore oil and gas industry, at its world-leading Dubai based shipyard. The turret wil
Anadarko’s First Flow Test Offshore Mozambique Successful
Anadarko Petroleum Corporation today announced the results of its first flow test offshore Mozambique. The Barquentine-2 well flowed at an equipment-constrained rate of 90 to 100 million cubic feet per day (MMcf/d), with minimal pressure drawdown, providing confidence in well designs that are capabl