Business & Finance
UAE: Complicated Rig Transport for Blue Water
Extensive experience and skills are the reasons why Blue Water Shipping has been awarded this complicated rig transport to the Caspian Sea. Over the years, Blue Water Shipping has become one of the major players within the transport of giant constructions to the Caspian Sea through the Russian river
USA: Deep Down Secures New Subsea Equipment Orders
Deep Down, Inc., an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services, today announced it has been awarded multiple contracts for subsea hardware and deployment equipment orders worth in excess of $2.6 million. Two ord
USA: Cal Dive Wins Decommissioning Contract in GoM
Cal Dive International, Inc. announced that it has been awarded a Field Abandonment and Decommissioning Contract from an operator in the Gulf of Mexico which includes the abandonment of sixteen wells, seven pipelines, and the removal of eight structures. The contract is expected to generate total re
A.P. Moller – Maersk Group Appoints Promoter for Africa Expansion
Senior Vice President Lars Reno Jakobsen has been appointed as promoter and coordinator of the A.P. Moller – Maersk Group’s business expansion on the African continent with particular focus on the Sub-Sahara. The position is new and part of the Group’s efforts to expand business in growth markets in
USA: ExxonMobil’s 4Q Earnings Rise 2 pct
ExxonMobil, an American multinational oil and gas corporation and one of the largest companies in the world by market value, today announced earnings of $9,400 million for the 4th quarter 2011, an increase of 2% or $150 million from the fourth quarter of 2010. Upstream earnings were $8,829 million,
Japan: Nissan Unveils Its First Energy-Efficient Coastal Car Carrier
Nissan Motor Co., Ltd unveiled the Nichioh Maru, an energy efficient coastal car carrier which will transport completed vehicles and parts on one of Japan’s main maritime shipping routes. The Nichioh Maru, newly built by Shin Kurushima Dockyard Co., Ltd., has installed solar power panels for the fir
USA: FMC Technologies, Teledyne Ink Multi-Year Contract
Teledyne Oil & Gas group has been awarded a three year global frame agreement with FMC Technologies, Inc. to supply a wide portfolio of interconnect and sensing products and services in support of FMC’s offshore oil & gas business. Interconnect products from Teledyne ODI and Teledyne D.G. O’Brien ar
Wartsila Acquires Hamworthy (Finland)
Wärtsilä announced today that the Scheme of Arrangement with regards to the acquisition of Hamworthy has become effective and the control of Hamworthy has been transferred to Wärtsilä as of today. The associated Reduction of Capital was confirmed at a Court hearing on 30 January 2012 in London, Unit
USA: Cal Dive Wins USD 25 Million Offshore Decommissioning Gig
Cal Dive International, Inc. announced today that it has been awarded a Field Abandonment and Decommissioning Contract from an operator in the Gulf of Mexico which includes the abandonment of sixteen wells, seven pipelines, and the removal of eight structures. The contract is expected to generate to
UK: Sonardyne to Install DP-INS on Dragonquest Drillship
UK-based Sonardyne International has taken its first order for a Dynamic Positioning Inertial Navigation System (DP-INS). Vantage Drilling’s new 12,000 feet-rated drillship, Dragonquest, is set become the first deep water drilling unit in the world to be equipped with the new system when it begins o
Singapore: Mermaid Maritime Wins Letter of Award for MTR‐1 Barge
Mermaid Maritime Public Company Limited announced that its subsidiary MTR‐1 (Singapore) Pte. Ltd., has secured a letter of award with an international upstream oil and gas company for accommodation barge support services in Indonesia utilizing the ‘MTR‐1’. The duration of this Contract is for 150 da
Denmark: New CEO of Maersk Line Sets Executive Management Team
Maersk Line has updated its organisation and set a new team of executive managers with a blend of experienced executives and newcomers. New to the management team – and Maersk Line – is Jakob Stausholm, former Group CFO of the global facility provider ISS. Also new on the team is Vincent Clerc, curr
Singapore: Mermaid Maritime Receives LoA for MTR-1 Barge
Mermaid Maritime’s subsidiary, MTR‐1 (Singapore) Pte. Ltd., has secured a letter of award with an international upstream oil and gas company for accommodation barge support services in Indonesia utilizing the ‘MTR‐1’. The duration of this Contract is for 150 days and has a potential value of USD 4.9
Steel Cutting Ceremony for First Ro-Ro Hybrid Ferry at Ferguson Shipyard, UK
The build of the world’s first sea going Roll On Roll Off vehicle and passenger diesel electric hybrid ferries started yesterday (Monday 30th January), with the cutting of the first steel at Ferguson Shipyard. Mrs Mary Lynne Johnston, wife of Caledonian Maritime Assets Limited’s (CMAL) Chairman Gren