Business & Finance
India: GGOS Cancels Shipbuilding Contract for Second Multipurpose Support Vessel
Greatship Global Offshore Services Pte. Ltd (GGOS), a Singapore incorporated subsidiary of the Company’s subsidiary – Greatship (India) Limited (GIL), had signed contracts for two new building Multipurpose Support Vessels (Builder’s Yard No. 26775 and 26784) with Mazagon Dock Limited, Mumbai in Sept
Norway: Kongsberg Maritime Leads New Research Project Called SITAWARE
Next generation solutions to focus on maximising operational performance and safety through user-centred design and simplification. Global marine technology developer Kongsberg Maritime will lead a new research project called ‘Situation Awareness and Decision Support Tools for demanding marine opera
Nigeria: Jacka Finalizes Aje Field Acquisition
Jacka Resources Limited has closed the transaction with Providence Resources Pic (“Providence”) for the acquisition of a direct equity interest in the OML 113 licence offshore Nigeria, which includes the Aje oil and gas field. Jacka has made the required US$10 million payment (including deposit of U
Norway: Lundin Petroleum Completes Avaldsnes Appraisal Well
Lundin Petroleum Norway, as operator for PL501, has completed the appraisal well, 16/5-2S located approximately 8.5 km south of the Avaldsnes discovery well 16/2-6, and 4 km south of the appraisal well 16/2-7. The objective of the 16/5-2S well was to delineate the southern flank of the Avaldsnes dis
UK: Ultimate Rough Weather Wind Farm Support Vessel
In the offshore windfarm support scenario it is becoming increasingly clear that the seakeeping ability of the current medley of workboats is not up to the job when the going gets rough. This is exacerbated by current and future windfarms that are being positioned further out to sea in more onerous
Australia: Samsung Heavy Pens USD 2.26 Billion Deal with Inpex
Reuters today quoted Samsung Heavy Industries as saying that it had entered into an agreement with Inpex to construct an offshore gas processing facility in Australia for USD 2.26 billion. The construction is expected to begin in 2013 said the South Korean shipyard, according to Reuters. Delivery of
Vietnam: HVS Delivers Bulk Carrier MV Hanjin Liverpool to Its Owner
On January 13th 2012, Delivery Signing Ceremony for M/V Hanjin Liverpool, the Hull No. S066, was held at Hyundai-Vinashin Shipyard’s main office. The vessel was launched on November 6th 2011 at Dock No. 2 of Hyundai-Vinashin Shipyard under attendance of representatives and owners. At the ceremony, o
USA: OceanWorks Delivers Two High Power Nodes to HCC
OceanWorks International announces the delivery of two high power nodes to Harris CapRock Communications (HCC) as part of the Offshore Communications Backbone (OCB) system. The high power nodes represent an expansion of the successful OCB system which also includes the CSnet Tsunami Warning and Earl
NGSA, Bulkship Asia Sign Maritime Singapore Green Pledge
NYK Group South Asia Pte. Ltd. (NGSA) and NYK Bulkship (Asia) Pte. Ltd. (Bulkship Asia) signed the Maritime Singapore Green Pledge. The Green Pledge is an initiative of the Maritime and Port Authority of Singapore through which maritime organizations pledge their commitment to promote and support cl
Rialto Gets USD 20 Million Boost for Drilling Program Offshore Ivory Coast
Rialto Energy Limited has reached in principle agreement with the International Finance Corporation (IFC), for a proposed investment of approximately US$20 million, via a non‐brokered private placement. The funding will be used to support the Company’s impending drilling operations in Block CI‐202,
Bahamas Petroleum Completes Initial Processing of Pearl 3D Seismic Survey
Bahamas Petroleum Corporation announces the initial processing of the Pearl 3D seismic survey has been completed. Data quality is excellent and data volumes have been received in both time and depth. Detailed interpretation is now underway and will form the basis for well location selection, well de
UAE: Strength in Depth, Unique Maritime Group’s New Vision
Unique Maritime Group, one of the world’s leading integrated turnkey subsea and offshore solution providers, sets “Strength in Depth” as its new regional and international vision during a media round table, held yesterday at UMG’s head offices in Hamriyah Free Zone in Sharjah. The international pres
Neon Energy Inks Offshore Vietnam Farm-Out Agreement
Neon Energy Limited, an emerging petroleum exploration and production company listed on the Australian Securities Exchange has accepted a binding offer from a third party to farmin to Block 120 and Block 105-110/04, offshore Vietnam. Due to confidentiality obligations Neon said it was not in a posit
UAE: Drydocks World to Build Wind Power Offshore Platform for Aibel
Drydocks World, the established international maritime service provider, announced that it has entered into a contract with Aibel, the leading Norwegian provider of services to the energy industry, for building a Wind Power Offshore Platform structure, to receive power generated from offshore wind f