Business & Finance
The Netherlands: Deltamarin Praises Dockwise
Dockwise has won The Royal Association of Dutch Shipowners’ KVNR Shipping Award for its bowless heavy-cargo ship Dockwise Vanguard. Heavy transport expert Dockwise in cooperation with consulting and engineering company Deltamarin have designed a unique semi-submersible vessel without conventional bo
UK: Offshore Industry Employers Relieved with Supreme Court Ruling over WTR Case
Paull & Williamsons announced that the long awaited outcome for the offshore industry regarding the Working Time Regulations (WTR) case has come to a conclusion yesterday, December 7. The decision was issued at 9.45am yesterday morning with the leading judgement being given by Lord Hope. The release
Norway: NPD Puts Seismic Data up for Sale
During the period 2007 to 2009, the Norwegian Petroleum Directorate (NPD) acquired 2D and 3D seismic data off Lofoten, Vesterålen and Senja (Nordland VII and Troms II). Some lines also extend into Nordland VI. The seismic data is being sold as one data package. The package consists of data from five
Israel: GeoGlobal Resources Fails to Meet Myra/Sarah Deadline?
Canada’s GeoGlobal Resources Inc. is facing disputes over its stakes in Israeli offshore gas exploration licenses. On Tuesday, Myra and Sarah license holders Modiin Energy LP and Israel Land Development Company Energy Ltd. announced that GGR had not transferred the money by the deadline for the acqu
Det Norske Gets Green Light to Drill Wildcat in PL 414, Offshore Norway
The Norwegian Petroleum Directorate (NPD) has granted Det norske oljeselskap ASA a drilling permit for well 25/6-4 S, cf. Section 8 of the Resource Management Regulations. Well 25/6-4 S will be drilled from the Songa Delta drilling rig at position 59°41’10.27’’N 02°53’01.23’’E after the facility has
International Offshore Rig Count in November Drops by 36 Year-on-Year
Baker Hughes reported yesterday that the international rig count for November 2011 was 1,138, down 59 from the 1,197 counted in October 2011, and up 8 from the 1,130 counted in November 2010. The international offshore rig count for November 2011 was 284, down 28 from the 312 counted in October 2011
Brazil’s Petrobras to Miss Oil Output Target
(Bloomberg) – Petroleo Brasileiro SA, Brazil’s state-controlled oil producer, will miss this year’s production target because of safety work on offshore rigs. Petrobras, as the company is known, won’t achieve average output of 2.1 million barrels a day this year, Chief Executive Officer Jose Sergio
Norway: Noreco Appoints Chief Financial Officer
NORECO, an independent international petroleum company based in Norway, has appointed Mr. Ørjan Gjerde as new Chief Financial Officer (CFO). Ørjan Gjerde (42) has almost 20 years of experience within finance and management, and comes from the position as CFO in Malthus AS. He has previously had simi
Vanco, Partners Announce Hydrocarbon Discovery Offshore Ivory Coast
Vanco Côte d’Ivoire Ltd. (Vanco), together with its partners LUKOIL Overseas Côte d’Ivoire Ltd. and PETROCI Holding, announced a hydrocarbon discovery in offshore Block CI-401. The Independance-1X exploration well drilled on Block CI-401 has penetrated the targeted objective and found a series of go
USA: EMRISE Receives Orders for Electronic Systems for Marine Applications
EMRISE CORPORATION, a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that it has received additional orders valued at approximately $900,000 (£591,000) from a major international marine services provider for electronic systems fo
Offshore Drilling Rig Noble Bully I Arrives in Gulf of Mexico
Shell and Noble Corporation announce the Gulf of Mexico arrival of the Noble Bully I, a state-of-the-art offshore drilling rig that is designed to raise the bar in terms of safety and performance. The Noble Bully I is the first of two Bully rigs, jointly designed by Shell and Noble, and can be equip
UK: New Turbine Installation Vessel to Arrive at Sheringham Shoal Offshore Wind Farm
A replacement wind turbine installation vessel will arrive on site at the Sheringham Shoal Offshore Wind Farm in February to help reduce delays to the 317MW project’s forecast schedule following a period of unseasonally poor weather. The state-of-the-art, self-propelled 76m jack-up vessel Seajacks L
FINTEL Signs Agreement with Tonga Cable Limited for Construction of Submarine Cable
FINTEL inked an agreement with Tonga Cable Limited to construct Fibre Optic Submarine Cable, costing $40 million. The cable will link Nuku’alofa and Suva. The link will enhance communications, supply high speed internet, and access to the global information infrastructure, for the people of Tonga. R
Malaysia: CTRM Unit, NSB Sign Partnership Agreement at LIMA Exhibition
CTRM Aero Composites Sdn Bhd has been encouraged and supported as an internationally recognized expert in composites research and technology by Indonesia-based North Sea Boats (NSB). In cooperative interaction with NSB, they develop, manufacture, market, sell and service advanced technology composit