Business & Finance
Lundin Completes Bertam-2 Appraisal Well, Offshore Malaysia
A Swedish independent oil and gas exploration and production company, Lundin Petroleum announced the successful results of Bertam-2 appraisal well in the PM307 Production Sharing Contract (PSC) area, offshore Peninsular Malaysia. Bertam-2 was drilled to a total depth of 1,884 metres by the jack-up r
USA: NOAA Names New Assistant Administrator of Research Office
Robert Detrick, Ph.D, a marine geophysicist, was named the new head of NOAA’s research office. Detrick will start as the assistant administrator of the NOAA Office of Oceanic and Atmospheric Research (OAR) on Feb. 13. “The person who heads this office guides the innovative and integral research that
Rolls-Royce to Design and Equip 7 Vessels for Brazilian Ship Owner
Rolls-Royce, the global power systems company, has been awarded two contracts to design and equip seven vessels for Brazilian ship owner Navegação São Miguel Ltd. The contracts, for four oil spill recovery vessels and three bunker tankers, are worth £23 million to Rolls-Royce. Anders Almestad, Rolls
Ghana: Tullow’s Ntomme Encounters Light Oil Pay
Ntomme-2A appraisal well, located in the Deepwater Tano Block offshore the Republic of Ghana, encountered approximately 128 net feet (39 meters) of light oil pay in excellent-quality sandstone reservoirs, reports Anadarko. Fluid samples recovered from the Ntomme-2A well indicate oil of approximately
Norway: Eni Gets New Exploration License near Goliat Field in Barents Sea
Eni has been awarded a new exploration license (PL657) in the Barents Sea, located just east of the Goliat Field, also operated by Eni. The license has been awarded by the Norwegian Ministry of Petroleum and Energy as part of the 2011 APA (“Awards in Predefined Area”) to the Joint Venture consisting
Alaska Receives 9 Fishery Monitoring Vessels
New Zealand’s Stabicraft Marine has delivered 9 custom 659 Wheel House vessels to Alaska where they will be used as observation boats to monitor the gill net fishery and the fishery’s interaction with sea mammals and sea birds. The vessel orders came at a special request from Saltwater Inc, a privat
Emirates Shipping Line Enters Partnership with Hapag Lloyd and RCL
Emirates Shipping Line today, announced that it will enter into a partnership with Hapag Lloyd and RCL on its restructured Hypergalex service. The service will expand its coverage in northern China and re-establish its presence in certain key markets. Its new port rotation will commence from 11th Fe
Italy: Kongsberg Geoacoustics Provides Bathymetric Survey of Venetian Lagoon
The world’s best known estuarine lagoon not only has historically importance for sheltering the City of Venice but is a fascinating ever changing environment with only 8% covered by land, 12% by open water and the remaining 80% by mud flats, tidal shallows and salt marshes. This geographical setting
Eni Secures New Licence near Goliat Field, Offshore Norway
Eni, an Italian multinational oil and gas company, has been awarded a new exploration license (PL657) in the Barents Sea, located just east of the Goliat Field, also operated by Eni. The license has been awarded by the Norwegian Ministry of Petroleum and Energy as part of the 2011 APA to the Joint V
The New World Alliance to Launch New Trans-Atlantic Service
The New World Alliance (TNWA) – APL Co. Pte Ltd (APL), Hyundai Merchant Marine (HMM) and Mitsui OSK Lines (MOL) today announced the launch of a new Trans-Atlantic service connecting Europe and the UK with the US East Coast and Panama. The Americas Europe Express (AEE) service is TNWA’s third dedicat
Velocious Australia Strengthens its Subsea Services with Development of Mock ROV
Velocious Australia has added to its portfolio of innovative subsea engineering and remote technology services through the development of a new Mock ROV. Most recently used to test tools for Chevron’s flagship Gorgon project off North West WA, the Mock ROV has the capability to replicate every funct
Australia: Saipem Wins Ichthys Project Pipeline Deal from INPEX
Saipem has been awarded new E&C Offshore contracts worth $1.8 billion which will be carried out by the newly-built Castorone pipelay vessel. In Australia, Saipem has signed an EPCI contract with INPEX for the Gas Export Pipeline (GEP) on the Ichthys LNG Project. Saipem’s scope of work will include t
USA: Hyde Marine to Equip LR2 Aframax Tankers with GUARDIAN BWT Systems
Hyde Marine, Inc, a subsidiary of Calgon Carbon Corporation, has been awarded a contract to supply a total of six Hyde GUARDIAN® Ballast Water Treatment (BWT) Systems for two LR2 Aframax tankers being constructed by the SPP shipyard in South Korea for ship owner OSG. The value of the contract was no
RWE Raises GBP 600 Million for Offshore Wind Expansion (Germany)
RWE is taking advantage of the favourable conditions for German companies on the international capital market by issuing a GBP bond with a volume of 600 million GBP and a term of 22 years. The maturity date is 31 January 2034. Placed via RWE Finance B.V., the bond was significantly oversubscribed. T