Business & Finance
Power Link Between Italy and Montenegro Receives Financing Support
A proposed scheme, according to which a major power cable would be built under the Adriatic Sea, will obtain essential backing from the European Bank for Reconstruction & Development (EBRD), reports UTILITYWEEK. The transmission line would be built between Italy and Montenegro, thus it would account
USA: Turner Designs Introduces New Version of Cyclops-7 Submersible Fluorometer
Turner Designs is excited to introduce a 6000 meter version of our very popular Cyclops-7 Submersible Fluorometer. The Cyclops-6K is presently available for Chlorophyll, Crude Oil, and CDOM detection with more optical configurations available soon. The reinforced Titanium housing and specialized opt
Australia: MEO Wraps Up Floyd 3D Seismic
MEO Australia Limited advises that the S/R Veritas Viking II completed acquisition of the Floyd 3D seismic survey in WA-454-P in the Joseph Bonaparte Gulf region of the Timor Sea (Petrel sub-basin) at 16:31 (WST) on 27 th February 2012. A total of 601 km 2 of full fold data was recorded. The survey
UK: OPT Appoints New Managing Director
Ocean Power Technologies, Inc., a leading wave energy technology company, announced the appointment of Timothy Stiven as Managing Director of Ocean Power Technologies Limited, the Company’s UK-based wholly-owned subsidiary, effective March 1, 2012. He succeeds Angus Norman, who is stepping down from
USA: Dril-Quip Reports Growth in 2011
Dril-Quip, Inc.announced net income of $28.1 million, or $0.70 per diluted share for the three months ended December 31, 2011, versus net income of $20.9 million, or $0.52 per diluted share for the fourth quarter of 2010. Total revenues were $171.6 million during the quarter ended December 31, 2011
UK: Pelamis Introduces Unique System for Installation of Wave Energy Converter
Pelamis Wave Power has recently developed a unique system for quickly and safely installing and removing the machine from its anchoring system and electrical connection. The system allows the machine to be connected to its mooring and electrical system in around 90 minutes and disconnected in less t
New Zealand: Number of Containers Recovered from Rena Rise to 561
Operations over the weekend saw the number of containers recovered from Rena rise to 561. 1 reefer container has been removed in two sections and as scrap onto a barge. 4 x 20 foot containers from Hold No.6 recovered on Sunday. 76 big bags of mussels removed to a barge on Saturday 50 big bags [&hell
Statoil Confirms High-Impact Discovery Offshore Brazil
Statoil together with operator Repsol Sinopec and partner Petrobras has confirmed a high-impact discovery (*) in the Pão de Açúcar prospect offshore Brazil. The partnership announced today that it has made a high impact discovery in the Pão de Açúcar prospect located in the BM-C-33 block in the Camp
New Zealand: Greenpeace Activists Arrested
Seven Greenpeace protesters lead by TV star Lucy Lawless, who on Thursday Boarded the Noble Discoverer drillship, have been arrested and charged with burglary, according to The New Zealand Herald. The activists boarded the ship to protest against Shell’s plans to drill for oil in Alaskan waters and
Norway: Petroleum Safety Authority Releases Report on Diving-Related Incidents
In 2011, eight minor personal injuries and one near-miss were reported in saturation diving in connection with petroleum activities, according to the Petroleum Safety Authority Norway’s report from the diving database system DSYS. This year’s report contains statistics and analyses based on data fro
USA: Officials Set Aside USD 180 Million for Charlestone Deepening
The House committee shaping the state’s budget is setting aside $180 million for harbor deepening in a key move to modernize South Carolina’s harbor assets and boost the long-range economic outlook for the state. The South Carolina House of Representatives’ Ways and Means Committee established the H
The Netherlands: Ampelmann Achieves 100.000th Transfer
Ampelmann, a Dutch based offshore company focusing on the development, construction, lease and sale of offshore access solutions reports that during the night of February 26th, the 100,000th transfer was made from an Ampelmann system to an offshore platform. The milestone was reached within 4 years
Greece: Seanergy Maritime Extends Charter for MV African Joy
Seanergy Maritime Holdings Corp. announced today that it has entered into an agreement with MUR Shipping BV to extend the time charter party for the Company’s Handysize vessel M/V African Joy, in direct continuation from the end of the minimum period of the previous time charter party of the vessel
UK: Expro Announces Appointment of New Chairman
International oilfield services company Expro today announced the appointment of world-renowned businessman Sir George Buckley as its new Chairman. Sir George has been the US-based Chairman, President and Chief Executive Officer of global blue-chip manufacturer, 3M, since December 2005. 3M is a Fort