Business & Finance
Siemens and Shanghai Electric to Invest USD 226 Million info Two Joint Ventures (China)
Shanghai Electric Group Co. (2727) and Siemens AG (SIE) will invest 169.1 million euros ($226 million) to form two wind-power … By Joshua Fellman and Sally Bakewell (bloomberg) [mappress] Source: bloomberg, December 09, 2011; Image: siemens
New Zealand: Chatham Rock Phosphate Inks Survey Agreement with Odyssey Marine
Chatham Rock Phosphate has executed a charter agreement with Odyssey Marine Exploration, Inc. (Odyssey) under which Odyssey will undertake site investigation work for Chatham Rock Phosphate in its offshore permit area on the Chatham Rise. Reaching this agreement is an important milestone as it is ex
New Zealand: Plans for Offshore Phosphate Project Get Step Closer
Plans to mine phosphate from the offshore ocean floor of the Chatham Rise are a step closer with the signing of a US$1.2 million seismic … By Pattrick Smellie (business.scoop) [mappress] Source: business.scoop, December 9, 2011;
Norway: Statoil Exercises Options for Surface Management Services with AGR
Statoil has exercised options in the current framework agreement with AGR Field Operations for surface management services. The extension has an estimated total value of NOK 60 million over a period of 12 months. This contract has an estimated value of 180 million including remaining options. AGR Fi
Holland Offshore Launches Dutch Blue Tug
Last week Holland Offshore, part of the Holland Shipyards Group, saw the launch of its 52,8 x 13,2 m tug Dutch Blue. With an expected delivery in the end of January, Holland Offshore will have a tug at its disposal that has some excellent qualities. The tug is powered by 2 x Wartsilla 8L20 1600kW pr
USA: Foss Tugs Complete Tow of Spartan 151 Jackup Drilling Rig
Foss Maritime Co. tugs Justine Foss and Jeffrey Foss have completed a successful tow of a jackup drilling rig to its winter harbor in Port Graham, Alaska. The Spartan 151 jackup drilling rig was moved from its drill site at Nikiski, in the Cook Inlet, which becomes choked with ice during the winter.
The Netherlands: IHC Merwede Optimistic about Acquisition of Asian Shipyards
In pursuing efforts to gain international expansion, IHC Merwede is looking forward to declaring the acquisition of several Asian shipyards in the upcoming quarter, Reuters reports. The global market leader for efficient dredging and mining vessels and equipment, IHC Merwede is well equipped for fut
UK: Ship Owners Prosecuted for Pollution in Solent
At a hearing today at Southampton Magistrates Court, the owners of a tanker were found guilty under UK maritime pollution legislation. The fine and costs amounted to a total of £95,000. Overnight on the 10th and 11th January 2011, yellow waxy balls of an unknown material washed ashore on the beaches
Norway: Statoil Extends Surface Management Contract with AGR
Statoil has exercised options in the current framework agreement with AGR Field Operations for surface management services. The extension has an estimated total value of NOK 60 million over a period of 12 months. This contract has an estimated value of 180 million including remaining options. AGR Fi
UK: Hydrasun Sees Strong Growth in Domestic and International Markets
Hydrasun, announced it has seen strong growth in both its domestic and international markets over the last year. Chief Executive Bob Drummond announced that for the current year to date there had been a rise in sales of 25% on the previous year meaning the company was forecast achieve turnover of £8
China: Taizhou Kouan Shipbuilding Holds Steel Cutting Ceremonies for Two Vessels
Recently Taizhou Kouan Shipbuilding held steel cutting ceremonies for two vessels. One for the 82,000 DWT Bulk Carrier and second for 1100 TEU Container Feeder. The steel-cutting ceremony for 4th 82,000 DWT Bulk Carrier (Yard No TC0104), being built for Hong Kong owner, was held at Taizhou Kouan Shi
USA: Chevron to Splash USD 32.7 Billion in 2012
Chevron Corporation announced a $32.7 billion capital and exploratory spending program for 2012. Included in the 2012 program are $3 billion of planned expenditures by affiliates, which do not require cash outlays by Chevron. Total investments for 2011 are estimated at $33 billion, reflecting approx
M3 Wave Seeks Funds for its Energy System (USA)
Corvallis-based M3 Wave Energy Systems debuted its power-generating technology last week at the Hinsdale Wave Research Laboratory at… (sustainablebusinessoregon) [mappress] Source: sustainablebusinessoregon, December 08, 2011; Image: m3wave
Norway: SeaBird Announces Completion of Fugro Transaction
Reference is made to the stock exchange notices dated 18 November 2011 regarding SeaBird Exploration PLC signing a share and purchase agreement with Fugro Norway AS related to Fugro’s acquisition of SeaBird Technologies AS and Seabed Navigation Co Ltd which collectively hold all of the Company’s rig