Business & Finance
Australia: KBR JV Signs 15 bln Ichthys EPC Contract
KBR announced that its joint venture with JGC Corporation and Chiyoda Corporation, the JKC JV, has signed the formal contract for engineering, procurement and construction (EPC) activities on the Ichthys LNG Project in Northern Australia. The JKC JV partners signed this EPC contract, valued at US$15
Angola: Cameia Beats Pre-Drill Expectations
Cobalt International Energy, Inc. today provided additional data confirming the significance of its Cameia Pre-salt oil discovery in Block 21 offshore Angola. The Cameia-1 Well was drilled in 5,518 feet (1,682 meters) of water to a total depth of 16,030 feet (4,886 meters), at which point an extensi
Finland: Wartsila, MAN Enter Next Phase of HERCULES Project
World-leading low- and medium-speed engine manufacturers, Wärtsilä and MAN Diesel & Turbo, announce the kick off of the next phase of the extensive, long-term HERCULES research programme. The overall vision of the programme is to achieve sustainable and safe energy production from marine power plant
Cyprus: SeaBird Receives LoA for 2D Seismic Work
SeaBird Exploration PLC has received a Letter of Award for a major contract of 2D seismic work for the entire summer season from a major client. The contract represents a value in the range of US$ 11-13 million. The work will commence during mid-March 2012, and will be carried out using the 2D vesse
Norway: Havyard Secures Major Contract for Construction of Subsea Vessel
Forland Shipping and Havyard Group have agreed on a major new contract for the construction of a subsea vessel. The Herøy-based company Havyard Group AS has secured a new and prestigious subsea contract with a brand new customer. Forland Shipping`s main offices are located just south of Bergen and i
Russia: Hotchya Marine Delivers Large Freezer Trawler
Hotchya Marine Design has completed the construction and sea trials of a large freezer trawler, General Troshev, and delivered it to the customer. The design of large freezer trawler General Troshev allows the vessel to catch fish using bottom and mid-water trawling. The vessel is built for a certai
Brazil: Petrobras Agrees Contracts for 26 Drilling Rigs
Petrobras, the state-controlled Brazilian oil giant, announces the result of the negotiation with Sete Brasil and Ocean Rig, which had submitted offers for the charter and operation of drilling rigs to be manufactured in Brazil. A source close to the matter told Reuters that Petrobras would pay an a
Norway: Havyard Group Nets Contract for Subsea Vessel Construction
Forland Shipping and Havyard Group have agreed on a major new contract for the construction of a subsea vessel. The Herøy-based company Havyard Group AS has secured a new and prestigious subsea contract with a brand new customer. Forland Shipping`s main offices are located just south of Bergen and i
Finland: Construction on Viking’s New Passenger Vessel Progresses
Construction work on Viking Line’s new passenger vessel NB 1376 is notably progressing at the STX Finland shipyard in Turku. The section 630 of this 214 m inspiring and exciting newbuild is currently being assembled. Delivery of the ice class 1 A Super vessel is expected in January 2013, and she wil
The Netherlands: Peters Shipyards Introduces LNG Greenstream Tanker
Towards the end of 2012, Interstream Barging puts the first gasoil free LNG Greenstream Tanker into use. This innovation for inland navigation has been developed by Peters Shipyards and will be built entirely in the Netherlands. Under the name LNG Greenstream Tanker both parties have, in close coope
Repsol Starts Drilling at Jaguar-1, Offshore Guyana
Spain-based Repsol has commenced drilling operations at the Jaguar-1 well, located on the Georgetown Petroleum Prospecting License, offshore Guyana. The Jaguar-1 well will be drilled to a depth of 6,500 metres to test the Turonian geologic zone. The well is being drilled by the Atwood Beacon jack-up
Russia: Hotcha Marine to Build Extremely Quiet Research Vessel
Hotchya Marine Design has signed a contract with the Ministry of Industry and Trade to develop the basic technical requirements and conceptual design of the research vessel (RV) for natural resource studies in the open seas’ areas (Western Region). According to the technical design specifications, f
Russia: Hotchya Marine to Build Extremely Quiet Vessel for Resource Studies
Hotchya Marine Design has signed a contract with the Ministry of Industry and Trade to develop the basic technical requirements and conceptual design of the research vessel (RV) for natural resource studies in the open seas’ areas (Western Region). According to the technical design specifications, f
Saudi Arabia: KAUST Purchases Hydroid’s REMUS 100 AUV
Hydroid, Inc., a subsidiary of Kongsberg Maritime and the leading manufacturer of Autonomous Underwater Vehicles (AUVs), announced that it has delivered a REMUS 100 AUV to Saudi Arabia’s King Abdullah University of Science & Technology (KAUST). The REMUS AUV was procured by Naizak Global Engineering