Business & Finance
USA: ABB Delivers Submarine Power Cable for BEC Project in New York Harbour
ABB has completed the delivery and energization of the world’s first cross-linked polyethylene (XLPE) insulated 345 kV AC submarine cable system. Extruded in a single continuous length without factory joints, the new cable system brings 512 megawatts of power generation capacity to the critical whol
Norway: Aldous/Avaldsnes Discovery Renamed to Johan Sverdrup
The Aldous/Avaldsnes discovery has been renamed Johan Sverdrup. The Minister of Petroleum and Energy, Ola Borten Moe, announced the new name during an industry conference in Sandefjord. The name is intended to reflect the importance of this project in specific, and the oil and gas industry in genera
Japan: MOL, Musashino Develop World’s First Portable Liquid-level Gauge for Fuel Tanks
Mitsui O.S.K. Lines, Ltd.today announced that MOL and Musashino Co., Ltd. have jointly developed the world’s first portable liquid-level gauge for vessel fuel tanks, which reduces workload needed to measure a ship’s fuel level during bunkering and enables more accurate measurement. This will reduce
Polarcus Inks LoI for 3D Seismic Survey Offshore West Africa
Polarcus Limited announces that the Company has signed a Letter of Intent with an undisclosed client for a 3D seismic acquisition project offshore West Africa. The project, to be acquired by POLARCUS SAMUR, will commence in late January and is expected to run for approximately 40 days. About Polarcu
Polarcus Samur En Route to West Africa
Polarcus Limited, a pure play marine geophysical company with a pioneering environmental agenda, specializing in high-end towed streamer data acquisition from Pole to Pole announces, has signed a Letter of Intent with an undisclosed client for a 3D seismic acquisition project offshore West Africa. T
Norway: Cargotec Appoints Pasi Lehtonen as Senior Vice President of Offshore Business Segment
Pasi Lehtonen has been appointed as Senior Vice President of Cargotec’s Offshore business segment, effective from the beginning of January. Mr Lehtonen has worked with Cargotec since 1995, his most recent position being Senior Vice President of Finance for Cargotec’s Marine business. He will continu
Hamworthy Secures Further Ethylene Carrier Work in China
Hamworthy Oil & Gas Systems has continued the major advance in China’s broadening gas carrier construction sector by securing more contracts for delivery of complete cargo handling systems to two liquid ethylene gas (LEG) carriers to be built at Sinopacific Offshore & Engineering Co. Ltd (SOE) in Na
North Energy Receives Two Gems on Norwegian Shelf
North Energy has been awarded a partnership in two new licences on the Norwegian Continental Shelf. With this new award, the company has 25 licences and two operatorships. – We are very pleased to have succeeded so well with our APA application for 2011. We won two of the three licences we wanted. T
‘Campbell Foss’ Hybrid Tug On its Way to Southern California, USA
A second Foss Maritime hybrid tug will soon be working the ports of Long Beach and Los Angeles. Foss once again partnered with Aspin Kemp and Associates (AKA) to retrofit the Campbell Foss with this proven, patented hybrid technology. The tug is the first vessel to be retrofitted with motor generato
Philippines: Nido Postpones SC 58 Drilling Decision for 2013
Nido Petroleum Limited, as Operator of Service Contract 58 (‘SC 58’), on behalf of its JV partner Philippine National Oil Company Exploration Corporation (‘PNOC EC’), announces that PNOC – EC have now agreed to extend the date by which Nido is required to elect to drill the commitment well, under th
The Netherlands: UN Report – Efficient Ports Drive Global Trade
The United Nations Conference on Trade and Development (UNCTAD) released its annual Review of Maritime Transport report for 2011 in December, observing that the share of developing countries’ GDP in overall global economic output has jumped from 17% in 1980 to over 28% by 2010, with the growth trend
USA: CTTSO Outlines VideoRay Port Security ROV in 2011 Reviewbook
Combating Terrorism Technical Support Office Division of US Department of Defense explains VideoRay’s role in protecting ports, and recent funded improvements. “Enhanced Remotely Operated Underwater Vehicle Securing ports and harbors remains a key mission in defending against terrorist acts. The U.S
Norway: Cargotec Names New Vice President of its Offshore Business Segment
Pasi Lehtonen has been appointed as Senior Vice President of Cargotec’s Offshore business segment, effective from the beginning of January. Mr Lehtonen has worked with Cargotec since 1995, his most recent position being Senior Vice President of Finance for Cargotec’s Marine business. He will continu
Norway: Aibel Developing Dagny Topsides Concept
Aibel, a leading supplier of services related to oil, gas and renewable energy. has won the contract to further develop the concept for the topsides on the Dagny platform. The contract with Statoil is worth approximately NOK 80 million (USD 13.4 million). “Dagny is one of the largest construction pr