Business & Finance
Graig Opens New Office in Hong Kong, China
The Graig Group is opening a new office in Hong Kong, strategically placed to be close to the growing cluster of Chinese shipowners operating from there. It will enable Graig to enhance its growing service businesses in China and across Asia. The office is headed up by Geoff Hutcheon, General Manage
Sweden: Fortum and Seabased Sign Agreement for Construction of Wave Power Park
Fortum and Seabased AB have signed an agreement on the construction of a joint wave power park in Sotenäs, Sweden. After completion, the wave power park will be the world’s largest, full-scale demonstration project of its kind. The total budget for the project is about 25 million euros, of which For
Norway: Knutsen NYK Offshore Tankers Enters Charter Agreement for New Shuttle Tanker
Knutsen NYK Offshore Tankers AS, of which NYK has a 50 percent share, has entered into a time-charter contract with Standard Marine Tønsberg AS, owned by ExxonMobil Exploration and Production Norway AS, for 10 years plus an option for a new built dynamic positioning 112,000 DWT offshore shuttle tank
Finland: Arctech Helsinki Shipyard Inks Contract to Build Multipurpose Rescue Vessel
Arctech Helsinki Shipyard has been awarded a contract to build a multipurpose emergency and rescue vessel for Russian Ministry of Transport. The contract has been awarded together with Shipyard Yantar JSC. The value of the order is about EUR 76 million. The project will start immediately and the ves
BBB and ep4 to Intensify their Activities in Offshore Sector (Germany)
The joint exhibition stand of BBB Umwelttechnik GmbH and ‘ep4 offshore’ at the EWEA Offshore event 2011 in Amsterdam was very well attended. “We raised BBB’s visibility on the offshore market and strengthened our partnership with Heinrich Duden and ‘ep4 offshore’ “ said Joachim Binotsch . Both compa
USA: Portsmouth Naval Shipyard Helps Shapleigh Students to Construct Underwater Robots
Shapleigh Middle School math teacher Doug Bertrand said seventh and eighth grade can be a make-it-or-break-it year for a lot of math student… (seacoastonline) [mappress] Source: seacoastonline , December 09, 2011; Image: Shapleigh
Kongsberg Maritime Launches New Dual Fuel Diesel Electric ERS Model (Norway)
Kongsberg Maritime has released a sophisticated Engine Room Simulator (ERS) model based on a Dual Fuel Diesel Electric (DFDE) Engine Room configuration from a modern liquefied natural gas (LNG) carrier. The new DFDE model will offer the most sophisticated simulator training for LNG engineers availab
Norway: Bukser og Berging Wins Contract from Statoil for Two Escort Tugboats
Statoil has awarded Buksér og Berging a contract for two escort tugboats to service the Kårstø processing plant on behalf of operator Gassco. The deal secures Kårstø new tugboat capacity with innovative technology for more environment-friendly operations. The two escort tugboats will assist the ship
Norway: Maersk Drilling Receives LoI for Newbuild Jack-up Rig
Maersk Drilling has received a Letter of Award from Det norske oljeseskap ASA on behalf of the Draupne license for the ultra harsh environment jack-up rig, XL Enhanced 2, presently under construction in Singapore. The rig will be used for development drilling on the Draupne field located in the Norw
OPT Announces 2Q 2012 Financial Results (USA)
Ocean Power Technologies, Inc. (“OPT” or “the Company”) today announces financial results for its fiscal 2012 second quarter ended October 31, 2011. “We ended the second quarter of fiscal 2012 with further progress on PowerBuoy deployments, and a number of business development initiatives to commerc
OPT Announces 2Q 2012 Financial Results (USA)
Ocean Power Technologies, Inc. (“OPT” or “the Company”) today announces financial results for its fiscal 2012 second quarter ended October 31, 2011. “We ended the second quarter of fiscal 2012 with further progress on PowerBuoy deployments, and a number of business development initiatives to commerc
North West Shelf Project Participants Approve I Phase of GWF Project Offshore Australia
Woodside, as Operator of the North West Shelf Project, announced the North West Shelf Project participants have approved development of the first phase of the Greater Western Flank (GWF) Project off the north-west coast of Australia. The GWF Phase 1 Project will develop the Goodwyn GH and Tidepole f
North West Shelf Project Participants Approve I Phase of GWF Project Offshore Australia
Woodside, as Operator of the North West Shelf Project, announced the North West Shelf Project participants have approved development of the first phase of the Greater Western Flank (GWF) Project off the north-west coast of Australia. The GWF Phase 1 Project will develop the Goodwyn GH and Tidepole f
Malaysia: Lundin Petroleum Spuds Bertam-2 Appraisal Well
Lundin Petroleum AB (Lundin Petroleum) announces that it recently spudded the Bertam-2 appraisal well in the PM307 Production Sharing Contract (PSC) area, offshore Peninsular Malaysia. Bertam-2 is planned to be drilled to a total depth of 1,888 metres by the jack-up rig “Offshore Courageous”. The ob