Business & Finance
Norway: January Production Figures
The Norwegian Petroleum Directorate, a governmental specialist directorate and administrative body today released preliminary production figures for January 2012. The figures indicate an average daily production of about 2 037 000 barrels of oil, NGL and condensate. This is an increase of 47 000 bar
USA: Obama Requests USD 222.2 mln for BSEE
The U.S. President Barack Obama yesterday announced his budget request for $222.2 million to fund the Bureau of Safety and Environmental Enforcement (BSEE) in fiscal year 2013. While Congress provided a specific appropriation for BSEE for FY 2012, this is the first stand-alone budget request for the
Canada: Algoma to Expand its Fleet
Algoma Central Corporation, the owner of Canada’s largest domestic fleet of vessels operating on the Great Lakes – St. Lawrence Waterway, is planning to invest $500 million in order to renew its aging fleet. New vessels will feature easier gliding through water and directing more water to the propel
Njord Offshore Orders Eight Wind Farm Crew Transfer Vessels from Strategic Marine, Australia
Australian shipbuilder Strategic Marine has started 2012 strongly, signing contracts to build eight 20 metre offshore wind farm crew transfer vessels (including options) for the European market. The company will also be establishing a Service Network in Europe to support the vessels it will be suppl
USA: Scientists to Integrate Scientific Instruments onto Seafloor Communication Cables
A new agreement between marine scientists and a commercial telecommunications company could dramatically advance scientists’ ability to observe and study ocean processes, provide early alerts for potential disasters and study deep Earth geodynamics. Scientists from Scripps Institution of Oceanograph
South Korea: Hyundai Heavy Secures USD 1.1 Billion LNG Deal
Hyundai Heavy Industries, the world’s biggest shipbuilder, today announced the Company had won orders for 4 liquefied natural gas carriers and 1 LNG floating storage regasification unit worth USD 1.1 billion. Hyundai Heavy won orders to build two 162,000 cbm LNG carriers for Golar LNG of Norway on F
Guinea: Hyperdynamics Completes Sabu-1 Drilling
Hyperdynamics Corporation 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 Schlumberger petrophysi
Ireland: Drilling at Dunquin Scheduled for 2Q 2013
Providence Resources P.l.c., yesterday confirmed the forward programme for Frontier Exploration Licence (FEL) 3/04, which contains the Dunquin exploration prospect. ExxonMobil Exploration and Production Ireland (Offshore) Limited (27.5% interest) operates FEL 3/04 on behalf of its partners, Eni Irel
Australia: DEME Enters Wheatstone LNG Project
Dredging International (Australia) Pty Ltd, member of the DEME Group, has been awarded a contract to dredge the approach channel, the manoeuvring area and the berths for the Chevron’s new Wheatstone liquefied natural gas (LNG) project nearby the town of Onslow, located along the Australian north-wes
Subsea UK Attracts Record Number of Visitors
Subsea UK has marked its Aberdeen annual conference and exhibition as the most successful after attracting a record number of visitors reaching over 3,000 at this year’s Subsea 2012 – an increase of 700 on last year. With 130 exhibitors, Subsea UK’s flagship event was described as a “hive of activit
Germany: Scandlines to Christen New Ferry ‘Berlin’ on 9 March
On 9 March Scandlines and P+S shipyards will be celebrating the christening of the Berlin in Stralsund. She is the first of two ferry newbuilds that Scandlines will put into service on the Rostock–Gedser route in 2012. Her sister ship, the Copenhagen, will be christened in May, also in Stralsund. By
WSS Expects Steady Demand from Cruise and Offshore Sector in Americas for 2012
One month before Cruise Ship Miami, one of the maritime and cruise industry’s largest events, Colin Hatton, Regional Vice President for Wilhelmsen Ships Service (WSS) in the Americas has talked of the prospect of steady growth across the region in 2012, despite a bleak outlook for the world shipping
Tug Malta Completes Rig Transportation from Egypt to Cyprus
Tug Malta’s motor tug SPINOLA arrived at Abu Qir port on the 22nd December and after moving out the rig from the said port, the voyage to Limassol commenced with SPINOLA and another tug towing the rig. The tugs arrived in Limassol 3 days later and loading operations on the heavy lifter Black Marlin
Norway: Kongsberg Offers Fully Integrated Offshore Vessel Team Training
The official opening of the all-new KONGSBERG Offshore Vessel Simulator at the SimSea AS maritime training centre in Haugesund, Norway, took place on the 9th February 2012. The simulator, which is part of a 1300m2 simulator park, is one of the most advanced of its kind, offering fully integrated tra