Business & Finance
China Dredging Group Reports Third Quarter 2011 Results
China Dredging Group Co., Ltd. one of the leading independent providers of dredging services in the PRC, today announced its financial results for the third quarter of 2011. Nine-Months Ended September 30, 2011 – Highlights Revenues of $164.2 million, a 79.6% year-over-year increase Gross profit of
CGX Begins Drilling Offshore Guyana
CGX Energy Inc. has commenced with drilling operations at the Eagle-1 well located on the Corentyne Petroleum Prospecting License (“PPL”) offshore Guyana. The Eagle-1 well will be drilled to a depth of 4,250 metres to test the Eocene and Maastrichtian geologic zones. The well is being drilled by the
Kongsberg Opens New OSV Simulator Centre in Haugesund, Norway
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
ION Extends BrasilSPAN Regional Seismic Program
ION Geophysical Corporation announced that its GeoVentures™ group has added an additional 8,000 kilometers of regional seismic data to its Greater BrasilSPAN™ program in the Equatorial Margin offshore northern and northeastern Brazil. To be processed by ION’s GX Technology data processing group, thi
ION Provides Better Insight in Brazil’s Offshore Potential
ION Geophysical Corporation has added an additional 8,000 kilometers of regional seismic data to its Greater BrasilSPAN™ program in the Equatorial Margin offshore northern and northeastern Brazil. To be processed by ION’s GX Technology data processing group, this new data adds to the approximately 1
UK: Three Companies Team Up for Oceanology International 2012
Osiris Projects, Bibby Maritime & Bibby Marine Consultancy have confirmed that they will be sharing a stand at the event in March to support the presence of specialist semi-SWATH coastal survey vessel Bibby Tethra. Bibby Marine Consultancy is a new division of the Bibby Line Group introduced this ye
Northrop Grumman Provides Integrated Bridge System for Turkish Megayacht
Northrop Grumman Corporation’s Sperry Marine business unit has delivered a state-of-the-art suite of navigation electronics for a new megayacht being built by Proteksan-Turquoise Yachts in Turkey. The new megayacht is being equipped with a complete Northrop Grumman Sperry Marine VisionMaster FT(TM)
Ireland: CWE Presents its Wave Demonstration Project at MRIA’s Forum
Wave energy developer Carnegie Wave Energy Limited presented its proposed Irish demonstration project at the Marine Renewables Industry Association’s (MRIA) Ocean Energy Industry Forum ‘Putting our Marine Renewables Resources to Work’ in Dublin. The presentation was given by Kieran O’Brien, Carnegie
Singapore: ST Marine to Build Two AHTS Vessels for SPO
Singapore’s ST Marine has won two shipbuilding contracts worth about S$75m (USD 59.6 million) from Swire Pacific Offshore Operations (Pte) Ltd (SPO). These contracts to build and outfit two Anchor Handling Tug Supply (AHTS) vessels, measuring 92m by 22m, are in addition to the existing shipbuilding
Norway: Regalia Stays at Yme
Prosafe, the world’s leading owner and operator of accommodation/service rigs, announces that Talisman Energy Norge AS has extended the contract for the semi-submersible multi-service vessel Regalia at the Yme field until end August 2012. The extension of 198 days has a gross value of USD 57.4 milli
APM Terminals, Petkim Announce Strategic Port Development in Turkey
Executives from Petkim Petrokimya Holding A.Ş., Petlim Limancılık A.Ş. which is 100% owned by Petkim and APM Terminals signed a Heads of Terms agreement which outlines key terms of a definitive agreement to be negotiated and signed between Petkim, Petlim and a to be incorporated Turkish affiliate of
Singapore: Otto Marine Sells Accommodation and Work Barge
The Board of Directors of Otto Marine Limited announced that the Company’s subsidiary has today sold an accommodation and work barge to an unrelated party for the sum of approximately US$28.4 million. 95% of the Purchase Consideration has been paid by the Buyer with the remaining 5% to be paid upon
Australia: Samsung Wins USD 2.71 bln Ichthys CPF Order
One of the largest shipbuilders in the world and one of the “Big Three” shipbuilders of South Korea, Samsung Heavy Industries Co Ltd has received a $2.71 billion order from Japan’s Inpex Corp for the construction of an offshore central processing facility (CPF) for the Ichthys LNG project in Austral
Ramboll Becomes Best Employer in Nordic Countries (Denmark)
Survey shows that professionals perceive Ramboll as one of the best places to work. Every year, Universum surveys professionals and asks them questions about their career expectations, how they perceive companies as employers and what they associate with those employers. The professionals are asked