Business & Finance
The Netherlands: Van Oord Renews Order from Sietas
Van Oord renews order for an offshore wind power transport and installation vessel from Sietas with option on a second ship. The deal is perfect and Sietas will be the first German shipyard to build an offshore wind power transport and installation vessel. The order was placed by Van Oord of the Net
Turk Yacht Expands Its Charter Business in Turkey
Turk Yacht Expands Luxury Yacht Charter Fleet in Turkey. One of Marmaris’ largest yacht charter agent, Turk Yacht, recently announced their new Turkish yacht additions to their existing fleet for their luxury yacht charter business in Turkey; the Grande Mare (formerly Carmina) and Dea Delmare. The G
Norway: Total Launches Hild Field Development
Total, operator of the Hild license, launches the development of this field located in the Norwegian North Sea. This development will represent an investment of US$4.2 billion (NOK 25.6 billion) and is subject to the approval of the Norwegian Ministry of Petroleum and Energy and Norwegian Parliament
Norway: Total Triggers Hild Field Development
French oil giant, Total, operator of the Hild license, launches the development of Hild field located in the Norwegian North Sea. This development will represent an investment of US$4.2 billion (NOK 25.6 billion) and is subject to the approval of the Norwegian Ministry of Petroleum and Energy and No
UK: Pelamis Wave Power Enters Shortlist for Innovator Award
Pelamis Wave Power announces that the company has been shortlisted for an Innovator Award in this year’s Offshore Achievement Awards. The Innovator Award is a new category for 2012 and recognises excellence in innovative technological solutions developed in the UK for the offshore energy sector. Pel
Australia: Searcher Starts Mariner 2D Non-Exclusive Seismic Survey
Searcher Seismic, an Australian-based company focused on either reprocessing existing regional datasets or acquiring new seismic data has begun with the Mariner 2D Non-Exclusive Seismic Survey. The survey comprises 3,100km of long offset 2D non-exclusive seismic data and 9,700km of reprocessing. Ove
South Korea: Dae Sun Delivers New Bulk Carrier to Leros Management
Dae Sun Shipbuilding & Engineering Co., Ltd successfully delivered 34.ooo DWT Bulk Carrier Arietta to Leros Management S.A on January 18, 2012. The vessel is 5th sistership that the shipbuilder has delivered so far to Leros. Established in 1945, Dae Sun Shipbuilding & Engineering Co., Ltd. has since
Searcher Starts Mariner 2D Seismic Survey Offshore Australia
Searcher Seismic announces the commencement of Mariner 2D Non-Exclusive Seismic Survey offshore Australia. The Mariner 2D Non- Exclusive Seismic Survey comprises 3,100km of long offset 2D non-exclusive seismic data and 9,700km of reprocessing. Over 1,600km of new data has already been acquired. The
Seatruck Progress Ferry Debuts in Irish Sea
Senior Managers of Irish Sea freight ferry specialists Seatruck attended the launch of Seatruck Performance, the third in a series of four newbuildings, at FSG Flensburg Yard, Germany, on Thursday January 12. The new vessel was named by Mrs Virginia O’Reilly, wife of Eugene O’Reilly, Managing Direct
India: Atlantis Resources Plans to Set Up Tidal Power Farm in State of Gujarat
Atlantis Resources Corporation intends to set up a tidal power farm in the state of Gujarat. The farm would have the capacity of 50 MW with the possibility to increase it to more than 200 MW. When complete, this farm will be the first of its type, not just within the country, but also […]
USA: Cameron Reports Record Revenues
Cameron, a leading provider of flow equipment products, systems and services to worldwide oil, gas and process industries, reported net income of $99.9 million, or $0.40 per diluted share, for the quarter ended December 31, 2011, compared with net income in the prior year’s fourth quarter of $164.6
USA: Orion Marine Secures New Contract
Orion Marine Group, Inc., a leading heavy civil marine contractor serving the infrastructure sector, yesterday announced a contract award of approximately $12 million. Orion Marine Group was recently awarded a berth construction contract for the Canaveral Port Authority in Florida. Work consists of
The Netherlands: Shell’s Earnings Rise
Royal Dutch Shell’s fourth quarter 2011 earnings, on a current cost of supplies (CCS) basis, were $6.5 billion compared with $5.7 billion in the same quarter a year ago. Full year 2011 CCS earnings were $28.6 billion compared with $18.6 billion in 2010. Fourth quarter 2011 CCS earnings excluding ide
FPSO OSX-1 Starts Oil Production in Campos Basin, Brazil
On January 31th 2012, at 18h39m50s, the FPSO OSX-1 successfully initiated the production of first oil for its anchor client OGX, the Brazilian EBX Group oil and gas company responsible for the largest private-sector exploratory campaign in Brazil. The FPSO OSX-1 is in charge of carrying out the Exte