Business & Finance
OMM Launches New Maintenance Support Service for Offshore Renewables (UK)
Offshore Marine Management (OMM) has today announced the launch of a new maintenance support service for offshore renewables operators. With little existing guidance and no legislation currently in place, operators may not be conducting the maintenance they need in order to guarantee the integrity o
The Netherlands: FAIR Inks Loan Facility for FORTE Heavy Lift
Fairstar Heavy Transport N.V. (FAIR) has signed a Bridge Loan Facility Agreement with Bank of China. The facility provides financing of the third installment of the construction of the FORTE in accordance with the Terms of Payment in the Shipbuilding Contract. The Bridge Loan Facility will be repaid
China: Graig Launches New Bulk Carrier Built at Jiang Dong Shipyard
Graig announces the successful launch of the second of its 35,000 dwt bulk-carriers being built at Jiang Dong Shipyard, China. The vessel is named the ‘GRAIG ROTTERDAM’ and is the sister vessel of the m/v ‘GRAIG CARDIFF’ which was launched in September 2011. Both vessels, which are jointly owned by
Croatia: Brodosplit Shipyard Delivers Passenger-Cargo Vessel Piana
Brodosplit shipyard has just delivered a passenger – cargo vessel under the hull No. 468. Hull 468 is a passenger, vehicles, trucks and hazardous cargo vehicles vessel. This was the end of building for one of the most sophisticated and most expensive projects in the history of Split shipyard. Accord
The Netherlands: IHC Merwede Receives New Orders Worth EUR 200 Million
Merwede announces that it has recently secured orders for advanced vessels and equipment in its core markets of dredging and offshore to the value of €200million. The latest agreements confirmed by IHC Merwede include: a new pipelaying vessel for Subsea 7; an engineering and components package for t
Sweden: APM Terminals’ Gothenburg Deal Gets Green Light
The Competition Authority of Sweden has approved APM Terminals’ filing for the Skandia Container Terminal in Gothenburg, Sweden. On 11 October 2011, The Port of Gothenburg and APM Terminals signed the concession agreement to manage Sweden’s largest container terminal – the Skandia Container Terminal
UK: Valiant’s Full Year Production at 7.500 BOPD
Valiant Petroleum plc announces that its full year production for 2011 is projected at around 7,500 barrels of oil per day (“bopd”), in line with guidance maintained throughout the year. The Dons Area work programme for 2012 is currently being finalised with the operator and includes a new productio
Dutch Fairstar Inks Loan Facility for Completion of FORTE Heavy Lift
Fairstar Heavy Transport N.V. (FAIR) has signed a Bridge Loan Facility Agreement with Bank of China. The facility provides financing of the third installment of the construction of the FORTE in accordance with the Terms of Payment in the Shipbuilding Contract. The Bridge Loan Facility will be repaid
The Netherlands: IHC Merwede Secures New Orders for Advanced Vessels and Equipment
IHC Merwede has announced that it has recently secured orders for advanced vessels and equipment in its core markets of dredging and offshore to the value of €200million. The latest agreements confirmed by IHC Merwede include: a new pipelaying vessel for Subsea 7; an engineering and components packa
Denmark: Maersk Line Announces Re-introduction of CRX Liner Service
Maersk Line announces the re-introduction of the CRX as per January 2012, the weekly liner service connecting Mexico and Costa Rica directly with UK, Netherlands and Germany. The CRX and the Ecubex services have been merged into one service since mid 2011. However, Maersk Line is now separating the
UK: ABP, Siemens Submit Applications for Green Port Hull Project
Associated British Ports (ABP) and Siemens plc announce that they are submitting applications to Hull City Council for the development of the proposed Green Port Hull facility. Joint applications are being made for the demolition of existing buildings at Alexandra Dock and the development of a facto
Rockhopper Strikes Again Offshore Falkands
Rockhopper Exploration, the North Falkland Basin oil and gas exploration company, reported today that its Exploration well 14/15-4 penetrated multiple reservoir targets: Beverley, Casper South, Casper and Sea Lion Main Complex and was drilled on Rockhopper operated licence PL004b. The Company earned
Norway: EMGS’ Patent Gets Clearence from European Patent Office
The Board of Appeal of the European Patent Office in Munich has today found that EMGS’ patent for the use of CSEM for the direct detection of hydrocarbons in submarine reservoirs is valid. The patent (EP 1256019) was the subject of an Opposition in the European Patent Office, but has successfully ov
Norway: November Production Up
The Norwegian Petroleum Directorate announces that preliminary production figures for November 2011 indicate an average daily production of about 2 057 000 barrels of oil, NGL and condensate. This is an increase of 18 000 barrels compared to October. Gas production was about 9.7 billion Sm3, which i