Business & Finance
U.S., Mexico to Jointly Develop Transboundary Reservoirs
U.S. Secretary of the Interior Ken Salazar yesterday joined Mexican President Felipe Calderon, Secretary of State Hillary Rodham Clinton, Mexican Minister of Foreign Relations Patricia Espinosa, and Mexican Minister of Energy Jordy Herrera in Los Cabos, Mexico at the signing of an agreement on the e
UK: IMCA Turns Spotlight on Subsea Metrology
A new publication ‘Guidance on Subsea Metrology’ (IMCA S019) from the International Marine Contractors Association (IMCA) turns the spotlight on subsea metrology, covers the basics of subsea metrology, engineering requirements, the different methods and technologies, and some of the advantages and l
Australia: Catalyst Provides Growth Capital for Bhagwan Marine Fleet
Catalyst has acquired a significant shareholding in Bhagwan Marine and provided capital for future growth of the business. The transaction was led from Catalyst’s recently opened Perth office. Bhagwan Marine is the pre-eminent service providers to the offshore Oil & Gas industry in Australia. The bu
UK: Flexlife Wins ISO Certification for its Operations
Flexlife, an oil and gas industry specialist in subsea project and integrity management, has been awarded the ISO/TS 29001 certification for its operations in the UK, the US and Brazil. The internationally recognised standard and technical specification defines the level of quality management system
UK: Sterling Contracts Rig for South Cladhan Drilling
Sterling Resources Ltd. has hired the Transocean Sedco 704 semi-submersible drilling rig to drill an exploration well in the South Cladhan area in UK North Sea Block 210/29c. The rig is expected to arrive on location, east of Shetland Islands in March with the timing dependant on its current work pr
China: Sinopacific’s Lead Ship of CROWN 63 Completes Sea Trials
DY4001, the lead ship of CROWN 63 – 63,500 DWT bulk carrier which had successfully completed all sea trial items began to make her return voyage on February 17. It is an incontrovertible triumph. The vessel’s speed trial has been proved to be beyond design prediction and perfectly meet all the guara
RenewableUK Welcomes Committee’s Report
RenewableUK, the renewable energy trade association, has welcomed a new report by the Energy and Climate Change Select Committee which calls for an increase in the deployment of wave and tidal power. The Committee Chairman Tim Yeo MP said “Britannia really could rule the waves when it comes to marin
RenewableUK Welcomes Committee’s Report
RenewableUK, the renewable energy trade association, has welcomed a new report by the Energy and Climate Change Select Committee which calls for an increase in the deployment of wave and tidal power. The Committee Chairman Tim Yeo MP said “Britannia really could rule the waves when it comes to marin
HOCHTIEF Orders Jack-up Vessel from Poland Shipyard
HOCHTIEF Solutions has commissioned the construction of a further heavy-lift jack-up vessel from the Crist shipyard in Poland for the installation of offshore wind farms. The vessel, dubbed “VIDAR,” is to start operating in 2013 to meet the huge demand for special-purpose equipment in this booming m
UK: ETI Explores Opportunities to Test Offshore Floating Wind Platform at Wave Hub
The Energy Technologies Institute (ETI) is investigating whether it could use Wave Hub, the world’s largest wave energy test site, to accommodate floating offshore wind turbines as part of a demonstration project valued at over £25 million. Plans for the offshore wind floating system demonstration p
UK: Thomas Gunn Becomes Top Supplier of Navigation Services to Unicom Fleet
Thomas Gunn Navigation Services announces that it has been awarded an important new contract by Unicom to supply an additional 43 vessels with its outfit management service. Thomas Gunn now supplies navigation solutions to 78 vessels, the bulk of the Unicom fleet. “We value the strong business relat
U.A.E: ITF Encourages Developers to Join its Technology Street at ADIPEC 2012
ITF is inviting technology developers who are interested in showcasing their innovative solutions to the Middle East oil and gas market to join ITF’s bespoke ‘Technology Street’ at the high profile ADIPEC 2012 conference and exhibition. As the world’s largest producer of oil and gas; 51% (41%) of re
Norway: Safe Scandinavia Stays at Valhall Until April 1
On October 26, 2011 BP Norge AS exercised an amended 45-day option for the continued use of the Safe Scandinavia at the Valhall offshore facility in the Norwegian sector of the North Sea. The value of the exercised option was around USD 10.9 million. In addition, Prosafe granted two additional 2 wee
Ireland: Arklow Shipping Expands Its Fleet
With the addition of two new vessels ARKLOW MOOR and ARKLOW FOREST, the Arklow Shipping fleet rises to 44 vessels. The ARKLOW FOREST has become the tenth vessel in the ‘F’-class series to be delivered from Astilleros de Murueta SA.. The 2,998 GT newbuild, has a single-box hold with two portable bulk