Business & Finance
USA: Virgin Oceanic Starts Submarine Tests
Virgin Oceanic team started last week a series of tank and on-tether sea testing of its submarine. The sub was tested at Alameda Naval Air Station near Oakland, CA. Over two full days of testing, the team verified the operations of all the major systems of the submarine, and conducted tests of our s
The Netherlands: Brinded Steps Down as Upstream International Director of Shell
Shell announces today that Malcolm Brinded has agreed to step down as an Executive Director of the Company with effect from 1 April 2012. Mr Brinded has agreed to remain at Shell until 30 April 2012 in order to assist with the transition of his responsibilities. Mr Brinded is currently Executive Dir
Inchcape Shipping Services Launches Operations in Saudi Arabia
Inchcape Shipping Services (ISS), the world’s leading maritime services provider, today announced the launch of new operations in the Kingdom of Saudi Arabia. The move provides ISS with a significant presence in one of the largest industrial and project-orientated economies within the Middle East. I
UK: R&D Investments on the Rise, McGrigors’ Expert Says
Research and development investments in the North Sea are expected to rise driven by the soaring oil prices, says oil and gas technology expert Martin Ewan. A partner in legal firm McGrigors, Mr Ewan said a brighter economic outlook, tied to stronger oil prices, would be a driver in bringing new tec
Denmark: Empresa Naviera Elcano Orders MAN Propulsion Package
Spanish concern Empresa Naviera Elcano, S.A., the international shipping group, has placed an order for two medium-speed MAN L27/38 engines as part of a propulsion package for a new vessel. The units will be constructed at the MAN Diesel & Turbo facility in Frederikshavn, Denmark, and will power a 7
Swire Acquires Norway’s Subsea Specialist
Swire Pacific Offshore Operations (Pte) Limited (SPO) today announced the acquisition of Seabed AS, based in Bergen, Norway. Seabed AS was founded in 2008 by Mr Hans Martin Gravdal, who has more than 30 years of experience within a wide range of subsea operations. Mr Gravdal and his team will contin
Russia: Sevmash Shipyard to Conduct Sea Trials on INS Vikramaditya in May
Designers of JSC Sevmash shipyard are resolving complex technical issues when working on Project 11430 aircraft carrier INS Vikramaditya being modernized for Indian Navy, reports the shipyard’s press service. For Sevmash, INS Vikramaditya is one of the major projects to be completed in 2012. Main we
Norway: NPD to Acquire Seismic in Northeastern Sector of Barents Sea
The Government has decided that the NPD will map the geology in the northeastern part of Norway’s new sea area in the Barents Sea. According to the plan, the seismic surveys will start this summer and continue into 2013. This will provide important knowledge regarding possible oil and gas resources
UK: Aberdeen Harbour to Receive 10 Cruise Calls this Summer
Aberdeen Harbour is preparing to welcome 10 cruise calls this summer, with four vessels making their first ever visits to the city. The arrival of Rembrandt van Rijn on May 5, will signal the start of the season. A 168-foot passenger ship, Rembrandt will spend a day berthed at the port, before embar
Norway: GMC Yard to Modify AMC Connector
The AMC Connector, the largest and most advanced cable- and pipe-laying vessel for deep ocean operations has arrived to Stavanger, Norway, to undergo modifications. The vessel will be docked at GMC Yard in Buøy outside Stavanger until March 11th 2012. The 156-meter long multi-purpose vessel, AMC Con
Japan: NYK Completes Winter Safety Campaign
The NYK Group has completed its winter Sail on Safety campaign, which ran from December 1, 2011, through January 31, 2012. NYK carries out the campaign every year as part of its proactive measures to prevent accidents that are more likely to occur due to the turbulent seas that are more common durin
Australia: Neptune Delivers Half Year Results
Neptune Marine Services Limited has reported a net profit after tax from operations of $1.3 million for the first half ended 31 December 2011. Highlights: * H1 FY2012 net profit after tax of $1.3 million * Reported EBITDA of $3.7 million * Revenue increased to $60.5 million * Restructuring initiativ
UK: Centrica Buys Total’s North Sea Assets for USD 388 mln
UK’s Centrica plc, has reached an agreement with Total E&P UK Limited to buy its non-operated portfolio of producing oil and gas assets and associated infrastructure in the Central North Sea (CNS) for a total cash consideration of $388 million (£246 million). Around 20% of the consideration is alloc
Swire Pacific Offshore Acquires Norwegian Seabed AS
Swire Pacific Offshore Operations (Pte) Limited (SPO) announced the acquisition of Seabed AS, based in Bergen, Norway. Seabed AS was founded in 2008 by Mr Hans Martin Gravdal, who has more than 30 years of experience within a wide range of subsea operations. Mr Gravdal and his experienced team will