Business & Finance
Norway: Dolphin Releases Fourth Quarter and Full Year Results
Dolphin Geophysical announces fourth quarter and full year 2011 results with the following highlights. Quarterly highlights – Q4 2011 * Revenues of USD 30.1 million, including first net Multi-Client sales of USD 3.9 million * Positive EBITDA of USD 2.5 million and negative operating profit (EBIT) of
Finland: AGA to Supply LNG for Viking Line’s New Environmental Vessel
Viking Line Abp has signed an agreement with AGA Gas AB on supplying liquefied natural gas (LNG) for Viking Line’s new passenger ferry, whose environmental profile symbolizes a new era in the shipping industry. “Viking Line’s and AGA’s investment in LNG represents major environmental advantages comp
UAE: Former Ocean Rig Man Joins Dragon Oil
UAE-based Dragon Oil plc has strengthened of its Board of Directors with the appointment of Mr Thor Haugnaess as an additional Independent Non-executive Director to the Board of the Company. So as to facilitate his election under the Company’s Articles of Association, it is planned to co-opt Mr Haug
UK: BlueView 3D Scanning Sonar in Spotlight at Hydrographic Society’s Presentation
A new technique for spool piece/jumper metrology using the BV5000, 3D Mechanical Scanning Sonar from BlueView Technologies, is the subject of an evening meeting of the Hydrographic Society in Scotland to be held on Wednesday, February 29th. Presenters; Pieter Jansen, of Talisman, Trevor Pugh of Tech
India: Hazira Port Receives First MiniCape Vessel
Gujarat saw berthing of the first MiniCape vessel in India “MV Kamlesh” by Essar Shipping (ESL). On its maiden voyage to Hazira, the vessel is carrying 100000 tonnes of coal from Australia for Essar Steel. Essar has created this new segment of 1, 05,000 DWT (dead weight tonnage) and MV Kamlesh is th
UK: Global Marine Systems Signs Leasing Deal for Subsea Cable Installation Barge
Bank of London and The Middle East plc (BLME), the largest Islamic bank in Europe, has announced that it signed a £14 million leasing deal with Global Marine Systems Ltd., the largest independent provider of submarine cable installation, maintenance and engineering services worldwide. Under the term
Mozambique: Lagosta-3 Encounters Gas Pay
Lagosta-3 appraisal well located about 2 miles (3 kilometers) west of the Lagosta-1 discovery Offshore Mozambique has encountered 577 net feet (176 meters) of Natural Gas Pay. Lagosta 3, the eighth successful well to drill in the world class Windjammer, Lagosta, Barquentine and Camarão (“WLBC”) gas
USA: Hydroid Introduces New AUV, REMUS 100-S
Hydroid, Inc., a subsidiary of Kongsberg Maritime and the leading manufacturer of Autonomous Underwater Vehicles (AUVs), introduced today its new AUV, the REMUS 100-S. The 100-S is an evolution of the highly successful, man portable REMUS 100 system configured specifically for hydrographic and offsh
U.A.E: Grandweld Shipyards Delivers DMSV ARADAH to ADNOC
Grandweld Shipyards has completed delivery of ‘ARADAH’, a 55m dive and maintenance support vessel (DMSV), especially built for ADNOC. The new state- of- the- art DMSV is the first from its class to be built by Grandweld Shipyards and will serve as the flagship to ADNOC offshore fleet operating in th
UK: Seacat Services Orders Two South Catamarans
South Boats Special Projects Ltd. and Seacat Services Ltd., both Isle of Wight, UK based companies announce the signing of a contract for the construction of two further vessels. Both are South Catamaran 24m WFSV’s, named ‘Seacat Defender’ and ‘Seacat Volunteer’, and will be the fifth and sixth vess
UAE: ADNOC Takes Delivery of DMSV ‘ARADAH’
The UAE-based Grandweld Shipyards has recently delivered ‘ARADAH’, a 55m dive and maintenance support vessel (DMSV), especially built for ADNOC. The new DMSV is the first from its class to be built by Grandweld Shipyards and will serve as the flagship to ADNOC offshore fleet operating in the region.
The Netherlands: Huisman Delivers Installation Crane for Jack-up Vessel ‘Neptune’
Huisman, the specialist in lifting, drilling and subsea solutions, successfully delivered the 600mt Wind Turbine Installation Crane onboard GeoSea’s DP2 jack-up vessel “Neptune”. The crane was handed over to the builder of the vessel IHC Offshore and Marine BV, part of IHC Merwede, who subcontracted
UK: BLME Inks Leasing Deal with Global Marine for Subsea Cable Installation Barge
Bank of London and The Middle East plc (BLME), the largest Islamic bank in Europe, has announced that it signed a £14 million leasing deal with Global Marine Systems Ltd., the largest independent provider of submarine cable installation, maintenance and engineering services worldwide. Under the term
China: Yangzijiang Shipbuilding Secures Order for Seven Vessels
Yangzijiang Shipbuilding (Holdings) Ltd has secured shipbuilding contracts for seven vessels with an aggregate contract value of USD 206.2 million since the beginning of the year 2012. The new contracts secured comprise four (4) units of 82,000 DWT bulk carriers, two (2) units of 95,000 DWT bulk car