Business & Finance
UK: Cygnus Tests its Equipment at The Underwater Centre
A multi-national offshore technology company has chosen a leading subsea testing and training facility in Scotland to test and photograph its latest product, which was launched earlier this week. Cygnus Instruments decided to use subsea trials and training centre, The Underwater Centre, based in For
APL to Begin Phasing Out its US Chassis this Year
APL said today it will begin phasing out its U.S. fleet of cargo container chassis during the first half of 2012. The Singapore-based shipping line said it expects to complete divestiture of the fleet by 2014. Chassis are the skeletal truck trailers used to haul shipping containers over the road. AP
USA: Harvey Orders More LNG OSVs from Trinity
Harvey Gulf International Marine ordered two additional 302’ X 64’, Dual Fuel Offshore Supply Vessels, bringing its total order to four. The contract signed today with Trinity Offshore is a follow on to the first two vessel order placed in October of 2011. Trinity will build all four vessels at thei
Germany: BBC Chartering Furthers Fleet Upgrade
Leading German multipurpose & heavy lift operator BBC Chartering reports it took delivery of three new building vessels in January 2012. As part of the extensive fleet renewal and modernization program the company announced previously, the ‘BBC Amethyst’, the ‘BBC Belem’, and the ‘BBC Mont Blanc’ no
UK: S3 Scoop New Enterprise Award at Subsea 2012
Specialist Subsea Services (S3) celebrated success at last night’s Subsea UK awards after being named winners of the much coveted New Enterprise award. S3, the only company to reach the final in more than one category, was recognised for its vision in business development and its contribution to the
S3 Wins New Enterprise Award at Subsea UK
Specialist Subsea Services (S3) celebrated success at last night’s Subsea UK awards after being named winners of the prestigious New Enterprise award. S3, the only company to reach the final in more than one category, was recognised for its vision in business development and its contribution to the
UK: VERIPOS Names Richard Turner as Global Business Development Manager
VERIPOS has appointed Richard Turner as Global Business Development Manager, responsible for all aspects of developing and acquiring new business for VERIPOS for all market sectors on a global basis. The role will incorporate all aspects of the business generation process including sales strategy fo
China: CIMC Nabs Another Semi-Sub Order
China’s CIMC Raffles has received its 2nd order in two months for the construction of a deepwater semi-submersible drilling rig. The order comes from North Sea Rigs AS (NSR) for the rig that will operate in the North Sea under the name North Dragon. The North Dragon semi will be able to operate at w
Norway: Kongsberg Reports Good Performance in Q4 2011
KONGSBERG reports good performance in Q4 2011, laying a sound foundation for 2012. Q4 revenues totalled MNOK 3 883. The EBITA came to MNOK 544. This results in an EBITA margin for the Group of 14.0 per cent, compared with 18.5 per cent in Q4 2010. Earnings per share (EPS) came to NOK 2.98 in [&helli
USA: Navy Plans Construction of Two New Oceanographic Research Vessels
Office of Naval Research (ONR) revealed that a West Coast-based shipyard has been awarded $70 million for the construction of the second of two modern oceanographic research vessels. Following a previously awarded contract for AGOR 27, the first of the two new research vessels, Dakota Creek Industri
Norway: Det Norske Gets Go-Ahead for Steingeita Drilling
Det norske has been given the approval by the Norwegian authorities to drill the Steingeita prospect, in production license 460. Det norske was awarded the license in the 2007 Awards in Predefined Areas (APA) round. The well is located in the central part of the North Sea, some 175 kilometers west o
USA: Prevco Sells 3000th Titanium Dual Seal PRV
Prevco announces that it has sold more than 3000 of its ‘Titanium Dual Seal Pressure Relief Valves’ in less than a year and the product has become one of its fastest selling accessory items. The valve is typically fitted to subsea housings where internal components may cause off-gassing, i.e. batter
USA: Dakota Creek Wins Contract for ONR’s Second Research Vessel
Office of Naval Research (ONR) revealed that a West Coast-based shipyard has been awarded $70 million for the construction of the second of two modern oceanographic research vessels. Following a previously awarded contract for AGOR 27, the first of the two new research vessels, Dakota Creek Industri
Norway: Forland Shipping Orders Subsea Vessel from Havyard
The Herøy-based company, Havyard Group AS has signed a contract with the Norwegian shipping company Forland Shipping for the construction of a subsea vessel. Arne Magnus Johnsen, CEO of Forland Shipping, the company that owns and operates three vessels within offshore and seismic operations, is very