Business & Finance
UK: OSIL Secures Order for Vibrocorer System for Seabed Studies
OSIL have recently completed an order for a specialist 9m High Power Vibrocorer system for seabed studies, and two turbidity monitoring buoys for a highly technical and high profile company, based in the Middle East. The sealed Vibrocorer head housing for the motors is designed to operate in water d
Australia: Incat Crowther Launches 24m Catamaran Ferry
Incat Crowther announces the launch of a 24m Catamaran Ferry constructed by Marine Engineering Consultants. Based on the successful Fantasea Sunrise (launched in 2011), Riverside Avalon is the first of three vessels contracted by Riverside Marine to ferry construction workers to the QCLNG project on
Indonesia: Premier Reports Successful Well Testing
Premier Oil announces that the Lama formation within the Anoa field on Natuna Sea Block A (Indonesia) has been successfully tested. The WL-5 development well on Natuna Sea Block A was deepened to a total depth of 11,012 feet to investigate the exploration potential of the Lama Formation within the A
France: NAVALU Announces New Model of Wind Farm Service Cats
French Builder NAVALU, located on the French Atlantic Coast, in the Vendée region, announces that it has added a new model, designated the NxS 18, to it’s NxS range of multiservice catamarans of now 15 metres, 18 metres, and 24 metres. Navalu has already received what is believed to be the first ord
UK: Fendercare Marine’s Diving Services Receive BV Certificate of Approval
Fendercare Marine’s diving services announce that they have recently been awarded Bureau Veritas approval to carry out in-water surveys. “Receiving this approval confirms our commitment to safe and sustainable procedures” comment Bob Macmillan Fendercare’s Diving Services Director. “it is a vote of
UK: Offshore Wind Coordination to Reduce Cost of Offshore Links up to 3.5 bln
Energy regulator Ofgem and the Department of Energy and Climate Change (DECC) have published a report showing how more coordination in the development of offshore links and infrastructure can be achieved. In tandem, Ofgem has launched a consultation on potential changes to the regulatory regime for
Brazil: Petrobras to Extend Charter for AHTS Vessel ‘Siem Ruby’
The Petrobras Board of Directors has resolved to charter one additional of Siem Offshore’s AHTS vessels, the “Siem Ruby”, for a firm period of four years. Petrobras has an option to extend the charters for four additional years, upon terms to be mutually agreed. The contract value for the firm perio
Bermuda: Frontline Sells Suezmax Tanker Front Alfa
Frontline Ltd. has entered into an agreement to sell its 1993-built double hull Suezmax tanker Front Alfa. Delivery to the buyer is expected to take place in late March 2012 and the vessel will cease to operate in the tanker market. All debt pertaining to the vessel, approximately $13 million, was p
Babcock to Provide Support for Royal Australian Navy’s Anzac Class Frigates
Babcock International Group, in partnership with UGL Infrastructure, has been announced as the preferred tenderer for the Anzac Ship Group Maintenance Contract (GMC) in Australia. The GMC will provide support to the Royal Australian Navy’s eight Anzac class frigates. The contract is expected to be v
Norway: Lundin Buys Brynhild Stake from Talisman
Lundin Petroleum AB has entered into an agreement with Talisman Energy Norge AS to acquire an additional 30 percent interest in PL148 containing the Brynhild field (previously knowns as Nemo), offshore Norway. Following the acquisition, Lundin Petroleum will hold a 100 percent interest in PL148. In
WSS Appoints New Operations Manager for AsiaPac
Wilhelmsen Ships Service (WSS) has appointed a new Regional Operations Manager for Asia Pacific. Brendon Hawley will be based in Jakarta, Indonesia and will be responsible for all operations throughout Indonesia reporting to GM Cato Nordskog. Commenting on his appointment, Mr Hawley said: “I am very
China Harbour Becomes Part of Lae Port Development Project
China Harbour successfully won the bid for Phase I Tide Terminal Project of Lae Port Development Project of Papua New Guinea. This is not only a good start of Sri Lanka Regional Company in the first quarter and the first step of the Company in the market of Papua New Guinea but also laid […]
Germany: NKT EBITDA Up 5 pct
NKT’s revenue increased by 1,153 mDKK to 15,604 mDKK – the highest level in the history of NKT. Nilfisk-Advance and Photonics Group realised organic growth in revenue of 8% and 16% respectively, surpassing even the 2010 growth rates, while NKT Cables exceeded last year’s organic growth in revenue by
Polarcus Receives LoI for 3D Seismic Survey Offshore West Africa
Polarcus Limited announces that the Company has received a Letter of Intent from an undisclosed client for a 3D seismic acquisition project offshore West Africa. The project will commence in April and is expected to run for approximately 4 months. About Polarcus Polarcus is a pure play marine geophy