Business & Finance
Norway: STX OSV Expects Rise in Offshore Vessels Demand. Reports 2011 Results
STX OSV Holdings Limited, a major global designer and shipbuilder of offshore and specialized vessels headquartered in Norway generated operating revenue of NOK 3.11 billion in 4Q 2011 and NOK 12.40 billion for FY 2011 with the successful delivery of 23 vessels during the year. The Group’s 4Q 2011 o
UK: PDM Neptec Prepares for Oceanology International 2012
PDM Neptec Ltd have a new look stand K100 at this years Oceanology International 2012, the largest marine exhibtion in the world. The PDM Neptec stand K100 is co-joined to the Teledyne Marine stand, highlighting the long established relationship that PDM Neptec has developed with Teledyne Impulse. O
Russia: Yantar Shipyard Starts Mooring Trials of Research Ship Seliger
JSC Yantar Shipyard (affiliate of United Shipbuilding Corporation) on Feb 9 started mooring trials of research ship Seliger built under Russian Defense Ministry’s order, reports the shipyard’s press service. Quality of construction, assembling and calibration of equipment will be checked during the
Hyperdynamics Finalizes Drilling of Sabu-1 Exploration Well Offshore Guinea
Hyperdynamics Corporation announced it has completed the drilling of the Sabu-1 exploration well on its concession offshore Guinea-Conakry. The Sabu-1 well was drilled to a depth of 11,844 feet in a water depth of 2,329 feet. Results of real-time hydrocarbon chromatograph measurements and Schlumberg
Norway: 2012 Full of Uncertainty, Says Kvaerner’s CEO
Kvaerner, a specialised engineering, procurement and construction company providing services to the oil & gas industry, reported operating revenues of NOK 3 004 million in the fourth quarter 2011. Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to NOK 249 million, resu
HiDef Completes Cable Route Surveys Offshore UK
HiDef Aerial Surveying deployed the latest version of its digital video technology within the intertidal area of the Wash on the east coast of England. The survey provided complete coverage of the near shore cable routes for the LID/Lincs and Race Bank windfarms for Centrica Renewable Energy. Conven
Greece: Excel Maritime Announces Four Charter Agreements
Excel Maritime Carriers Ltd., an owner and operator of dry bulk carriers and an international provider of worldwide seaborne transportation services for dry bulk cargoes, announced that it entered into four new period charter agreements for four of its Kamsarmax vessels. More specifically: – Kamsarm
UK: Saab Seaeye to Showcase its Products at Oceanology International
Saab Seaeye announces that it will showcase its four key underwater vehicles at Oceanology International including the new double-hulled Sabertooth AUV/ROV. Double-hulled Sabertooth AUV/ROV The new double-hulled version of the Sabertooth offers twice the operational duration of the single-hulled Sab
EPC Offshore Aiming to Expand Range of Services
EPC Offshore has announced plans to expand its services significantly in 2012 with a move into the contracts and procurement sector for the North Sea oil and gas industry. The Aberdeen-based project management company currently works with exploration and production companies to progress projects to
Senegal: President Inaugurates Expanded Dakar Container Terminal
Inauguration of the Port of Dakar’s containers terminal was presided by the President of the Republic of Senegal, Mister Abdoulaye Wade, who was accompanied by many personas and by the General Manager of Boluda Towage and Salvage Africa, Mister Hervé Lefèvre. Once the extension of the containers ter
Technip Wins Gas and Condensate Export System Project in Middle East
Technip was awarded a contract by Kuwait Gulf Oil Company (KGOC), for the engineering, procurement, construction and commissioning assistance of their Gas and Condensate Export System project. The project is spread over onshore and offshore locations in two countries, Saudi Arabia and Kuwait. The ob
Norway: Agora Plans to Drill 9 Wells in 2012
The Stavanger-based oil company Agora Oil & Gas AS (“Agora”) has established a portfolio of 11 licenses in the North Sea Basin. Since Agora was founded 2 years ago the company has participated in 10 exploration and appraisal wells. A further 9 wells are planned in the 2012 drilling campaign, expecte
Nauru Secures First Deep Seabed Minerals Exploration Licence
With the International Seabed Authority (ISA) granting Nauru Ocean Resources Incorporation (NORI), a Nauru registered exploration company, the right to explore for deep seabed minerals in the International Seabed Area (known as “the Area”), the country becomes the first Pacific Island nation to have
Guangdong Shipyard Delivers New Bulk Carrier to European Owner
COSCO (Guangdong) Shipyard Co., Ltd, a subsidiary of the Company’s 51% owned COSCO Shipyard Group Co., Ltd, has delivered a bulk carrier of 57.000 DWT, “FLAG MERSINIDI”, to its European buyer. The delivery documents were signed by and between COSCO Guangdong and the buyer on 10 February 2012. The bu