Business & Finance
Bermuda: Golar LNG Enters Charter Contract for Golar Arctic
Golar LNG Limited announced that it has executed a time charter for one of its modern LNG carriers, the Golar Arctic, to a major Japanese trading company for a firm period of 3 years. The charter is expected to commence in March 2012 following the end of the vessel’s current charter. The annualised
Statoil, Chevron and Repsol Announce Exploration Activities Offshore Canada
Chevron Canada Limited, Statoil Canada Ltd. and Repsol E&P Canada Ltd. have concluded agreements to conduct exploration activities offshore Atlantic Canada. Chevron and Statoil have also finalized another agreement for exploration activities in the Canadian Beaufort Sea. These new joint ventures ove
OW Bunker Launches New German Brand
OW Bunker, one of the world’s leading suppliers and traders of marine fuel, announced the launch of a new unified German brand, OW Bunker Germany. The move follows the merger of Wrist Bunker Supply and Wrist Worldwide Trading, companies within the Wrist Group, OW Bunker’s parent company. The new ent
PTTEP Farms Out its Indonesian Offshore Blocks to Total
Thailand’s PTT Exploration and Production Public Company Limited (PTTEP) announced today that it has agreed to dilute its share in three deep-offshore exploration blocks in the Makassar Strait in Indonesia to French supermajor Total. The farm-out agreement includes the dilution of PTTEP’s 33% share
Offshore Wind Power Enjoys Energetic Public Support in Maryland (USA)
If measured by the turnout at the rally at the Annapolis state house on Wednesday, of all the issues confronting the Maryland General… By Keith Harrington (huffingtonpost) [mappress] Source: huffingtonpost, January 13, 2012
Offshore Wind Power Enjoys Energetic Public Support in Maryland (USA)
If measured by the turnout at the rally at the Annapolis state house on Wednesday, of all the issues confronting the Maryland General… By Keith Harrington (huffingtonpost) [mappress] Source: huffingtonpost, January 13, 2012
Australia: Tap Sells Fletcher Finucane Stake to Santos
Tap Oil Limited, an independent oil & gas exploration and production company with interests in Australia and South East Asia has entered into an agreement with Santos Limited (Santos) whereby Santos will acquire Tap’s 8.2% interest in the WA-191-P offshore exploration permit for a total cash payment
MMA Opens American Bureau of Shipping Information Commons Building
Massachusetts Maritime Academy (MMA) recently hosted the grand opening ceremony for the start-of-the-art, American Bureau of Shipping Information Commons Building, which houses the Academy’s new cutting-edge Full Mission Ship Simulator, supplied by Transas USA Inc. The 42,000 square foot academic bu
Plexus Receives Funding from Maersk Oil UK for HP/HT Mudline Tieback Wellhead System
Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, announces that it has received £260,000 funding from Maersk Oil North Sea UK Limited (‘Maersk Oil UK’), a leading independent oil and gas
Denmark: Maersk Line, Ericsson Bring Mobile Connectivity to Oceans
The oceans are the last “white spot” for mobile communication industry to connect. The world’s largest shipping company, Maersk Line, has appointed Ericsson to address this by introducing end-to-end systems integration and deployment of mobile and satellite communication to its entire vessel fleet.
Oil Majors to Explore for Oil Offshore Canada
Chevron Canada Limited, Statoil Canada Ltd. and Repsol E&P Canada Ltd. have concluded agreements to conduct exploration activities offshore Atlantic Canada. Chevron and Statoil have also finalized another agreement for exploration activities in the Canadian Beaufort Sea. These new joint ventures ove
Rotech Subsea Works on UK’s Largest Windfarm
A global subsea engineering firm is working on a major North Sea contract worth in excess of £2million. Rotech Subsea, which is headquartered in Aberdeen and owned by Norwegian firm Reef Subsea, is involved in a subsea excavation project with marine construction firm Red7Marine on what will be the U
UAE: BOURBON Strengthens Its Vessel Maintenance Program
A leader in offshore oil and gas marine services, BOURBON opens Bourbon Docking, an organization located in Dubai, to manage the Class Dockings of vessels, for all BOURBON affiliates. According to BOURBON 2015 Leadership Strategy plan, the Group’s growth strategy is based on the mass-building of ves
Norway: Technip Participates in Statoil’s Vilje and Visund Developments
Technip was awarded two contracts by the international energy company Statoil, worth a total of around €55 million, for the Vilje South field and Visund North developments located in the North Sea at water depths of 120 and 385 meters respectively. These contracts cover welding and installation of a