Business & Finance
Norway: Production from Skarv Field Put Off for 2Q 2012
PGNiG was informed by its Norwegian subsidiary that the production start from the Skarv field on the Norwegian Continental Shelf is now likely to be deferred from the first quarter 2012 to the second quarter 2012. The reasons are harsh weather conditions on the Norwegian Sea during the installation
Taiwan: Formosa Plastics Marine Selects ABS’ Asset Management Software Suite
ABS Nautical Systems announces that its fully-integrated asset management software suite NS5 has been selected for trial by Formosa Plastics Marine Corp. (FPMC), part of the Formosa Plastics Group – the only privately-owned Taiwan oil refinery and the second largest gasoline and gasoil producer in T
BOURBON Opens New Affiliate in Russia
BOURBON opens a new affiliate in Saint Petersburg, Bourbon Baltic, which will provide clients with first-class ship management resources. It complements BOURBON’s current operations in Sakhalin. Global leader in offshore oil and gas marine services, BOURBON opens Bourbon Baltic, an affiliate based i
USA: ConocoPhillips Highest Bidder in Western GoM Lease Sale
The Department of the Interior’s Bureau of Ocean Energy Management announced that its Western Gulf of Mexico Oil and Gas Lease Sale 218, held in New Orleans, attracted $337,688,341in high bids and included 20 companies submitting 241 bids on 191 tracts comprising over a million acres offshore Texas
United States and Canada Complete Survey of Arctic Ocean
A recent mission marked the completion of a five-year collaboration between the United States and Canada to survey the Arctic Ocean. The bilateral project collected scientific data to delineate the continental shelf beyond 200 nautical miles from the coastline, also known as the extended continental
Germany: 70 Ton Bollard Pull Tug Gets Voith Propulsion System
The port of Haifa is one of the largest ports in Israel and a key hub for trade in the Eastern Mediterranean. The port handles over 20 million tons of goods a year. With their precise maneuverability, four Voith Water Tractors ensure safe berthing of the container ships. Recently, the tug fleet was
Denmark: Lloyd’s List Ranks Maersk Chiefs as Most Influential in Shipping Industry
Chief Executive Nils Smedegaard Andersen and Eivind Kolding at Danish shipping and oil group A.P. Moller-Maersk, have been ranked as the most influential individuals in shipping according to Lloyd’s List, Reuters reports. In the shipping newspaper’s annual ranking, the “Lloyd’s List One Hundred”, th
EV Enters Six-Month Agreement with BP Norway
Fast-evolving oil and gas remote downhole and wellbore camera specialists EV has entered a six-month agreement with BP Norway to deploy its industry-reputed technology on North Sea assets. The company, which has also been named as the oil major’s preferred supplier of camera and video inspection too
Bourbon Opens New Affiliate in Saint Petersburg, Russia
Bourbon opens a new affiliate in Saint Petersburg, Bourbon Baltic, which will provide clients with first-class ship management resources. It complements BOURBON’s current operations in Sakhalin. Global leader in offshore oil and gas marine services, BOURBON opens Bourbon Baltic, an affiliate based i
Bangladesh: Western Marine Starts Construction of Tankers for Nurjahan Group
Western Marine, the country’s leading shipyard, laid four keels weighing 350 dwt (dead weight tonnage) each to build tankers for Nurjahan Group. Representatives from Nurjahan Group and Germanischer Lloyd Bangladesh, and 13 honorary consuls of Bangladesh from 12 different part of the world were prese
USA: BP Reaches Settlement with Cameron of Claims Related to Deepwater Horizon Accident
BP announced that it has reached agreement with Cameron International Corporation (“Cameron”), the designer and manufacturer of the Deepwater Horizon blowout preventer, to settle all claims between the companies related to the Deepwater Horizon accident and spill. BP and Cameron have concluded that
Fugro Brasil Signs Contract for ROV Support Vessel
Fugro Brasil has signed a contract with Wilson Sons to build a DP-2 ROV Support Vessel in Brazil. The vessel´s total length is 83 meter with a main deck space of 520 square meter, gross tonnage of 4,400 ton, and accommodation for in total 60 persons. The vessel will be built at Wilson Sons´ shipyard
Turkmenistan: Dragon Oil Puts Another Offshore Well on Stream
Dragon Oil plc, an international oil and gas exploration, development and production company, announces the completion and initial testing of the Dzheitune (Lam) 28/164 development well, offshore Turkmenistan. The well was drilled to a depth of 1,865 metres and completed as a single producer by the
BAM Inks Contract for Construction of New Port in Jordan
BAM International has been awarded the contract to build the new port in Jordan. The new port will be situated 15 miles south of Aqaba Port of Jordan. This €50 million (£42 million) port will be close to the Saudi Arabia border. It will be a joint venture by BAM and Jordanian company MAG. The [&hell