Business & Finance
USA: BP Settles Oil Spill Claims with PSC
BP has reached a settlement with the Plaintiffs’ Steering Committee (PSC), subject to final written agreement, to resolve the substantial majority of legitimate economic loss and medical claims stemming from the Deepwater Horizon accident and oil spill. The PSC acts on behalf of individual and busin
Norway: Kjetil Aasoldsen Becomes Member of NPD’s Management Team
Kjetil Aasoldsen (36) has become a member of the Norwegian Petroleum Directorate’s management team as director of North Sea South. «I look forward to getting started. The southern section of the North Sea is a very exciting area of the shelf, with a mix of mature fields with vast remaining volumes a
Lithuania: Klaipeda Port Announces Investment Plan for 2012
Port of Klaipeda, the northernmost ice–free port on the Eastern coast of the Baltic Sea, has announced the 2012 investment plan. Top 10 of the largest planned investments in 2012: 1. Dredging and Widening of Port Navigation Channel 2. Construction of Passenger and Cargo Terminal Infrastructure 3. Re
USA: 2H Offshore Reaches 100 Employees
2H Offshore Inc., an Acteon company, is celebrating the achievement of reaching 100 employees, this week. The office, which was established in Houston, Texas in 1998 by Vice Presidents, David Walters, Ricky Thethi and Mike Campbell, has grown steadily over recent years as a result of increased proje
Egypt: Zeitco’s Well Successful
Dana Petroleum plc announces that Zeitco, its joint venture with the Egyptian General Petroleum Company (EGPC), has successfully completed its first well of 2012, A12Z on the East Zeit field ,located in the Red Sea. The well was drilled with the new-build Sino Tharwa jack-up rig Bahari 1 (Friede & G
Ireland: Transas Reveals Its Fuel Efficiency Monitoring System
Leading ECDIS manufacturer Transas Marine launches its fuel efficiency monitoring system Transas Wave. Designed for commercial shipping, Transas Wave is an ideal solution for saving fuel and reducing environmental impact. Transas Wave is designed to give an officer and easy tool for monitoring and r
UK: Forewind Inks Additional Grid Connection Agreements with National Grid
Forewind has signed connection agreements with National Grid for three further 1GW grid connections, adding to the 3GW signed since the zone was awarded in early-2010. These latest agreements for connections located in Teesside and Yorkshire mean Forewind can proceed with the development of a total
Brazil: Petrobras Sets Gas Delivery Record
Petrobras set a new record in the delivery of natural gas to the market in 2011, reaching an annual flow of 37 million cubic meters of gas offered per day. The company also recorded new monthly and daily records: the flow offered in December of 2011 reached 42.4 million m³/d, and 46.1 million m³ wer
STX Finland Launches Multipurpose Deck Cargo Vessel Aura II
On March 1, 2012, STX Finland Oy Turku shipyard carried out the launch of the multipurpose deck cargo vessel built for Gaiamare Ltd. The vessel will be approx. 105.4 metres long and approx. 18.8 metres wide. The vessel is scheduled to be delivered in late spring 2012. The launching was carried out n
AMEC to Provide PMC Services for ADMA OPCO’s Projects Offshore Abu Dhabi
AMEC, the international engineering and project management company, has been awarded a Project Management Consultancy (PMC) services contract by Abu Dhabi Marine Operating Company (ADMA OPCO) for the ‘execute phase’ of the Nasr Phase-1 and Umm Lulu Phase-1 field development projects offshore Abu Dha
Japan: JAMSTEC Chooses Name for its New AUV
YUMEIRUKA (pronounced “yume-iruka”), a coined word meaning dream and dolphin, was chosen to be the name of an autonomous underwater vehicle (AUV) newly developed and constructed by JAMSTEC. Earlier JAMSTEC invited the public to submit names of the vehicle. The name was selected, as it reminds of a d
Norway: Farstad Sells Two Oldest AHTS Vessels in its Fleet
Farstad Shipping ASA has, through its wholly owned subsidiary P/R International Offshore Services ANS, reached an agreement to sell the two oldest AHTS in its fleet, the AHTS Lady Audrey (1983, ME 303, 12.240 BHP) and the AHTS Lady Valisia 1983, ME 303, 12.240 BHP). Delivery of the vessels to the ne
Norway: Farstad Sells Two AHTS Vessels
Farstad Shipping ASA, a Norwegian owner of large offshore support vessels has reached an agreement to sell the two oldest AHTS in our fleet, the AHTS Lady Audrey (1983, ME 303, 12.240 BHP) and the AHTS Lady Valisia (1983, ME 303, 12.240 BHP). Delivery of the vessels to the new owner is expected to t
Lithuania: Hoegh LNG Enters Charter Agreement with Klaipedos Nafta for FSRU
Höegh LNG has today entered into a ten year time charter for a floating LNG storage and regasification unit to be used as an LNG import terminal in Lithuania. The agreement is subject to the approval of the shareholders of AB Klaipedos Nafta. The Lithuanian state owns 70.63% of Klaipedos Nafta’s sha