Business & Finance
DYT’s Super Servant 4 En Route to Brisbane, Australia
The city of Brisbane, capital of Queensland, will welcome Dockwise Yacht Transport’s (DYT) Super Servant 4 this month when the 169.49 meter (556 foot) electric orange semi-submersible ship berths at Fisherman’s Island Terminal to unload a cargo of yachts totaling approximately US $35 million. It has
Australia: DeepOcean Wraps Up Kipper Tuna Turrum Trenching
CTC Marine Projects, Ltd. (“CTC” or the Company), part of DeepOcean Group Holding AS, has announced the completion of its trenching work for the Kipper Tuna Turrum Project in the KTT Field located 45 kilometres offshore Victoria, Australia. The work was undertaken on contract for McDermott Industrie
CTC Completes Trenching Work for Kipper Tuna Turrum Project in Australia
CTC Marine Projects, Ltd., part of DeepOcean Group Holding AS, has announced the completion of its trenching work for the Kipper Tuna Turrum Project in the KTT Field located 45 kilometres offshore Victoria, Australia. The work was undertaken on contract for McDermott Industries (Aust) Pty Ltd. The C
Greece: Navios Maritime Announces Delivery of New LR1 Product Tanker
Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced that the Nave Estella, an LR1 Product Tanker of 75,000 dwt, was delivered on January 20, 2012 from a South Korean shipyard. The Nave Estella has commenced a 3-year charter-out at a net rate of $11,850 with 90
USA: Globecomm Systems Extends Ericsson Mobile Connectivity to Worldwide Fleet
Globecomm Systems Inc., a leading global provider of communications solutions and services, announced that it has been selected by Ericsson as a subcontractor of the maritime GSM/VSAT managed operation for an Ericsson mobile communication network. The network will be implemented on up to 400 contain
Hoegh LNG Wins Tender for New FLNG Unit in Lithuania
Höegh LNG said today that it has been informed by AB Klaipedos Nafta that it has the winning tender offer for a new LNG floating storage and regasification unit in Lithuania. A mandatory standstill period according to the Law on Public Procurement of the Republic of Lithuania is now in force and wil
UK: Orion Group Provides Manpower Services for Nexen’s Golden Eagle
The leading manpower provider in Scotland has secured two multi-million pound deals to the value of £20million per year with the Candadian-based energy company, Nexen Petroleum UK Ltd. Recognised as a global leader in providing key staff to the energy sector, Orion Group, which is headquartered in I
Spain: Scientists Aboard Iberian Coast Ocean Drilling Expedition Report Early Findings
Mediterranean bottom currents and the sediment deposits they leave behind offer new insights into global climate change, the opening and closing of ocean circulation gateways and locations where hydrocarbon deposits may lie buried under the sea. A team of 35 scientists from 14 countries recently ret
OSX Wins Americas Oil & Gas Deal of the Year Award for FPSO Financing
OSX was awarded the Oil & Gas Deal of the Year Americas, at the Project Finance International Awards for raising an US$ 850 million loan for the construction and implementation of the FPSO OSX-2. The financing agreement was concluded with a group of international banks in October 2011. The event wil
Hyperdynamics Halts Drilling Offshore Guinea
Hyperdynamics Corporation today announced the Sabu-1 exploration well offshore Republic of Guinea was drilled to a total subsea depth of 2,224 meters, putting the well near the top of Cretaceous age sediments, and that the next string of 13-3/8 inch casing was successfully set. Following retesting o
Hyperdynamics Announces Exploration and Seismic Program Update Offshore Guinea
Hyperdynamics Corporation announced the Sabu-1 exploration well offshore Republic of Guinea was drilled to a total subsea depth of 2,224 meters, putting the well near the top of Cretaceous age sediments, and that the next string of 13-3/8 inch casing was successfully set. Following retesting of the
Brazil’s OSX Receives Americas Oil & Gas Deal of the Year Award for FPSO Financing
OSX was awarded the Americas Oil & Gas Deal of the Year, at the Project Finance International Awards for raising an US$ 850 million loan for the construction and implementation of the FPSO OSX-2. The financing agreement was concluded with a group of international banks in October 2011. The event wil
Damen Shipyards Secures Order for Two HSSVs from MarineCo UK
Scottish offshore service provider MarineCo UK has placed an order at Damen Shipyards for two more High Speed Support Vessels (HSSVs). Since taking delivery of Damen’s first-ever HSSV 2610 Twin Axe in June and the second one in the last week of December, the MarineCo Shamal and MarineCo Mariah have
Germany: RWE Innogy Awards FoundOcean with Nordsee Ost Foundation Grouting Contract
FoundOcean is excited to announce the award of the foundation grouting contract for Nordsee Ost offshore wind farm in German waters by RWE Innogy. The 295 MW capacity wind farm will be installed in water depths ranging from 22 to 25 m on four-legged jacket foundations. The 49 foundations (48 turbine