Business & Finance
Germany: Demag Cranes Makes Good Start to New Financial Year
Demag Cranes started financial year 2011/2012 with ongoing growth. Demag Cranes once again outperformed the prior year on our key reporting indicators: Group order intake, Group revenue and operating EBIT. Demag Cranes AG’s CEO, Aloysius Rauen, states: “Financial year 2011/2012 has started well for
Nigeria: Total Launches Ofon Phase 2 Development
French oil major Total announces that the second phase of the Ofon field development in offshore Nigeria (Ofon Phase 2) has begun. Construction and installation contracts have been awarded for Ofon Phase 2, which is scheduled to come on stream in 2014. The Ofon field is located in Oil Mining Lease (
TAG Energy Solutions CEO Urges Davey to Commit to Offshore Wind Power (UK)
TAG Energy Solutions CEO and Energi Coast Chairman Alex Dawson has urged the new Secretary of State for Energy & Climate Change to maintain the Government’s commitment to offshore wind power. Immediately following the resignation of Chris Huhne and subsequent appointment of Ed Davey as the new Energ
Norway: Marlink Upgrades Global Maritime VSAT Service with iDirect
VT iDirect, Inc. (iDirect), a company of VT Systems, Inc. (VT Systems), announced that Marlink, one of the largest maritime VSAT network operators, has upgraded its global service with the integration of iDirect’s Evolution® X5 Satellite Router and latest operating software release, iDX 3.0. Vessels
Denmark: DONG Energy Installs 14 Foundations at Anholt Offshore Wind Farm
DONG Energy recently announced that 14 monopiles have been installed at Anholt Offshore Wind Farm. Since the first monopile was installed at 19.00hrs on New Year’s Eve, periods of good weather have been used to install foundations. On 1 February 2012, Svanen had erected 14 monopiles. Even though the
Australia: Vessel Tuhaa Pae IV Completes Sea Trials
Harwood Marine recently splashed and finished sea trials on a passenger/cargo vessel Tuhaa Pae IV. The vessel was jointly constructed by Harwood Marine and Colorado Shipyard Corporation of Philippines. The purpose of the vessel is to enhance an existing remote island shipping service. The vessel, ca
USA: WHOI Scientists Win Distinctions from TOS and AGU
Jim Yoder Named 2012 fellow of The Oceanography Society Jim Yoder, Vice President for Academic Programs and Dean at the Woods Hole Oceanographic Institution (WHOI), has been named a 2012 fellow of The Oceanography Society (TOS)—the only fellow named this year. His achievements will be recognized at
Australia: Clough to Supply MOF for Ichthys
Australian engineering and construction company Clough Limited today announced that the BAM Clough Joint Venture has received a Letter of Intent (LOI) from JGC Corporation, KBR and Chiyoda Corporation joint venture (JKC JV) for a contract valued at $A140 million. The scope of work involves the desig
USA: Schlumberger Extends Portfolio of High-Temperature Reservoir Services
Schlumberger announced the availability of its new PressureXpress-HT* reservoir pressure service and MDT Forte-HT* qualified, rugged, high-temperature formation sampling and pressure system. These two services are the latest high-temperature additions to the Schlumberger reservoir characterization p
ProSep to Supply Fuel Gas Treatment System to South East Asia
ProSep Inc, a company that provides process solutions to the oil and gas industry, today announced it was awarded a contract from a repeat customer valued at $4.5 million for the supply of a large fuel gas treatment system for an offshore oil field located in South East Asia. Delivery is expected to
French Company Reveals Outlook for Defeating Piracy
Worldwide communities have shown an increased awareness of the importance of providing an outlook for ending piracy. While reflecting on challenges and learning from failures, communities are taking part in the socio-technological dialogue in which good practice becomes the intellectual backbone for
Brazil: Pacific Mistral Drillship Starts Work for Petrobras
Pacific Drilling S.A. announced today that its ultra-deepwater drillship the Pacific Mistral commenced operations in Brazil on February 6, 2012. The drillship is contracted for a three-year term to Brazilian oil giant, Petrobras. The Pacific Mistral is capable of operating in water depths of up to 1
UK: Sonardyne to Demonstrate ‘Deeper Understanding’ at Oceanology International 2012
Sonardyne’s integrated low risk subsea technologies, custom engineering, project planning and field support services will be presented on Stand G300 at this year’s Oceanology International exhibition and conference (March 13th-15th). Product specialists will be available to discuss customers’ requir
Germany Designs Financial Plan for Renewable Energy
Germany recently passed the 20 percent mark for renewable energy in the electricity mix. And the federal KfW bank group has introduced a new plan to further accelerate this shift to renewables, with increases in multimillion euro business loans now available. As more renewable energy is generated, e