Business & Finance
Australia: Austal Secures New Medium Speed Ferry Order
Austal has secured an order for a highly efficient medium speed ferry with leading French Polynesian operator and existing customer, SNC Aremiti Ferry. The 80 metre vehicle-passenger catamaran is scheduled for delivery in October 2013. This is the fourth vessel Austal has sold to Aremiti and its ass
Chariot Completes its Largest Seismic Survey Offshore Namibia
Chariot Oil & Gas, an independent oil and gas exploration company, has completed the 3500km² 3D seismic acquisition programme across its Central Blocks (2312 A & B and Northern halves of 2412 A & B) offshore Namibia. The operation, carried out in conjunction with Petroleum Geo-Services (“PGS”), was
Norway: EMGS Ready to Begin Barents Sea EM Survey
Norway’s EMGS has secured pre-funding to start a multi-client 3D EM campaign in the Barents Sea, ahead of Norway’s 22nd exploration licensing round. Data acquisition will commence in March using the vessel Atlantic Guardian. Preliminary data deliverables will be available from April 2012 and 3D inve
ICS Board Meets in London, UK
The Board of Directors of the International Chamber of Shipping (ICS), whose member national shipowners’ associations represent all sectors and trades and over 80% of the world merchant fleet, met in London on 6 February. Piracy ICS members reviewed the continuing threat to shipping from Somali pira
2011: Tough Year for Vestas with Two Profit Warnings (Denmark)
2011 was a very challenging year for the wind industry. The same applies to Vestas which had to issue two profit warnings and abandon its Triple15 targets. In 2011, Vestas recorded revenue of EUR 5.8bn and an EBIT margin before special items of (0.7) per cent, slightly below the preliminary financia
Norway: Statoil Delivered Record Financial Results, CEO Says
Statoil’s fourth quarter 2011 net operating income was NOK 60.7 billion, a 42% increase compared to NOK 42.8 billion in the fourth quarter of 2010. In 2011, net operating income was NOK 211.8 billion compared to NOK 137.3 billion in 2010. “Statoil delivered record financial results, further improved
Brazil: Technip Wins USD 2.1 bln Flexible Pipe Frame Agreement from Petrobras
Technip was awarded a 5-year frame agreement contract from Petróleo Brasileiro S.A. (Petrobras) for the supply of around 1,400 kilometers of flexible pipes. The contract is effective today with supply starting in 2013 and orders are guaranteed for at least 50% of the total value, which is currently
Brazil: Petrobras Orders Flexible Pipes Worth USD 2.1 bln from Technip
Technip was awarded a 5-year frame agreement contract from Brazil’s oil company Petrobras for the supply of around 1,400 kilometers of flexible pipes. The contract is effective today with supply starting in 2013 and orders are guaranteed for at least 50% of the total value, which is currently estima
Greece: Paragon Shipping Enters Charter Agreement for Supramax Bulk Carrier
Paragon Shipping Inc., yesterday announced that it has entered into a fixed rate time charter agreement for its vessel, the M/V Friendly Seas, with Western Bulk Carriers AS. The M/V Friendly Seas, a 2008 built 58,779 dwt Supramax bulkcarrier, has been fixed to Western Bulk Carriers for a period of 1
UK: Bibby Offshore Introduces Graduate Training Scheme
Aberdeen-based subsea installation contractor Bibby Offshore has recently welcomed its first six graduates onto the Bibby Offshore Academy Graduate Training Scheme. Bibby Offshore Academy was launched last year to address the training needs of potential future employees and for the management and de
Shemen Hires Atwood Beacon for Work Offshore Israel
ATWOOD OCEANICS, INC., announced today that one of its subsidiaries has been awarded a drilling services contract by Shemen Oil and Gas Resources Ltd., an Israel-based oil and gas company, for the Atwood Beacon. The day rate for work offshore Israel will be $151,000, with contract commencement expec
Germany: DONG and Nexans Pen Framework Contract for Submarine Cables
DONG Energy, Fredericia (Denmark) and Nexans Deutschland have concluded a framework agreement for the delivery of up to 900 kilometres of medium-voltage submarine cables. Up until the end of 2015 (or, optionally, 2017), the Danish energy company will take delivery of up to 150 kilometres of high-per
Atwood Beacon to Drill Offshore Israel
Atwood Oceanics, an international offshore drilling contractor engaged in the drilling and completion of exploratory and developmental oil and gas wells, has been awarded a drilling services contract by Shemen Oil and Gas Resources Ltd., an Israel-based oil and gas company, for the Atwood Beacon ind
Thales UK Nets Contract to Supply Sonar for HMS Anson
Thales UK has been awarded a £30m+ contract to supply the Sonar 2076 fully integrated search and attack submarine sonar system for the UK Royal Navy’s fifth Astute-class submarine, HMS Anson. Thales will supply the sonar system to BAE Systems Submarine Solutions, the prime contractor for the Astute-