Business & Finance
Norway: Government Approves Statoil’s Skuld Plans
The Norwegian Ministry of Petroleum and Energy today, 20 January, approved Statoil’s plan for development and operation (PDO) of Skuld, a fast-track development tied in to the Norne field in the Norwegian Sea. Skuld is Statoil’s fifth approved fast-track PDO, and the largest fast-track development s
Norway: Statoil Gets Green Light for Skuld PDO
The Ministry of Petroleum and Energy today, 20 January, gave the green light to the plan for development and operation (PDO) of Skuld, a fast-track development tied in to the Norne field in the Norwegian Sea. Skuld is Statoil’s fifth approved fast-track PDO, and the largest fast-track development so
Neon Provides Additional Info on Offshore Vietnam Farm-out Deal
Neon Energy Limited has, further to the announcement made on January 16, provided some additional information in relation to the agreed farmout of Block 120 and Block 105-110/04 (‘Block 105″), offshore Vietnam. The key commercial terms of the accepted binding offer as they apply to Neon are as follo
Scarabeo 9 Arrives in Cuban Waters
Chinese-built semi-submersible rig, Scarabeo 9, has, after a long journey, arrived at its final destination, Cuba. The rig, one of the largest in the world, has been leased by the Spanish oil company Repsol, which hopes to unlock Cuba’s allegedly enormous deepwater oil reserves. Cuba estimates that
Japan: Tsuneishi Shipyard Launches New Kamsarmax Ship for NYK Bulkship
Fukuyama Tsuneishi Shipyard of Tsuneishi Shipbuilding Co. has launched today, on January 20th, a 82.000 DWT KAMSARMAX type bulk carrier for the NYK Bulkship (ATLANTIC) NV. This ship is a KAMSARMAX bulk carrier, developed by the shipyard, as one of its major products alongside the TESS series. The na
UK: DNV Develops X-Stream, New Deep-Water Pipeline Concept
DNV has developed a new pipeline concept, called X-Stream, that can significantly reduce the cost of a deep- and ultra-deepwater gas pipeline while still complying with the strictest safety and integrity regime. X-Stream is based on established and field-proven technologies which have been innovativ
TPT Orders Six Mobile Harbour Cranes for Durban Facility, South Africa
Transnet Port Terminals (TPT) signed a contract with Liebherr Werk Nenzing for the purchase of six mobile harbour cranes. The cranes are part of TPT’s Durban roro and Maydon Wharf Terminal’s R438.3 million investment in container-handling capacity. The agreement covers design, fabrication, delivery,
South Korea: Doosan Secures Major Contract from Maersk
Recently, Doosan Engine won a record order from the Danish company A.P. Moller Maersk, the world’s largest marine shipper. The W323 billion (approx USD 284.2 million) contract is for the delivery of 120 engines (40 main and 80 auxiliary) to be installed in twenty ultra-large containerships built by
Norway: BP and Winch Tests for AHTS Brage Viking
On the 18th January 2012, the newly built AHTS Brage Viking arrived directly from the yard in Spain, to do some quick release and winch-testing at the Bollard Pull outside Flekkefjord. She arrived in Flekkefjord early in the morning on the 18th January, and they started testing around 5:00 PM. They
Norway: Power from Mainland for Hild and Luno Felds?
Minister of Petroleum and Energy Ola Borten Moe received the Plans for development and operation (PDO) for the oil and gas discoveries Hild and Luno Thursday. Total is the operator of the Hild development, and Lundin is the operator of Luno. – Through these developments, two new companies will becom
Brazil: Santos Port Prepares for Large Vessel
Business Monitor International’s Brazil Shipping Report provides industry professionals and strategists, corporate analysts, shipping associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Brazil’s shipping industry. BMI believes 2012 wi
PGNiG Scores Hattrick in APA 2011 (Norway)
PGNiG Norway, has been awarded interests in three exploration and production licences in Norway by the Norwegian Ministry of Energy and Petroleum, as part of the APA 2011 licensing round. For the first time, PGNiG Norway has been awarded operatorship in one of the licences. PGNiG Norway will acquire
Singapore: ST Marine Wins Contract to Upgrade Pipe-Laying Vessel Castoro 8
ST Marine won a contract from Saipem (Portugal) Comercio Maritimo (Saipem) to upgrade the heating, ventilation, and air conditioning (HVAC) system and accommodation piping system for pipe-laying vessel, Castoro 8. It will undertake the design development, engineering and supply of a new chilled wate
Spanish Built AHTS Undergoes Testing in Norway
On the 18th January 2012, the newly built AHTS Brage Viking arrived directly from the yard in Spain, to do some quick release and winchtesting at the Bollard Pull outside Flekkefjord. The vessel arrived in Flekkefjord early in the morning on the 18th January, and they started testing around 5:00 PM.