Business & Finance
GE Opens Maintenance and Training Center for Oil and Gas Industry in Australia
GE Oil & Gas opened its $100 million technology and learning complex in Jandakot, Western Australia, to support the development of skills for the oil and gas sector and provide its first in-country support and maintenance center for the upstream industry. The biggest complex of its kind in Australia
UAE: TGS to Charter Seismic Vessel Polarcus Amani
Polarcus Limited announces that the Company has signed a Letter of Intent with TGS-NOPEC Geophysical Company ASA (TGS) for the charter of the 12 – 14 streamer 3D seismic vessel POLARCUS AMANI. The charter, of minimum 5 months duration and subject to the execution of a service contract, will commence
Australia: Chevron to Train Workers in GE’s Newly Opened Facility
GE Oil & Gas today opened its $100 million technology and learning complex in Jandakot, Western Australia, to support the development of skills for the oil and gas sector and provide its first in-country support and maintenance center for the upstream industry. The biggest complex of its kind in Aus
Bermuda: Frontline Announces Company Restructuring
Frontline Ltd. announces that the restructuring of Frontline has been approved by the Board of the Company and will in the next few days be put forward to their creditors and counterparties for approval. The proposed solution has been made possible through a massive commitment from companys major sh
Australia: Osaka Gas Co. Takes 1.2 pct Ichthys Project Stake
INPEX CORPORATION (INPEX) announced today that INPEX Ichthys Pty Ltd and other project partners have reached an agreement with Osaka Gas Co., Ltd. to transfer its 1.2% of Ichthys project equity interest(*). Based on the agreement, Ichthys project equity interest will be as follows: • INPEX – 74.8% •
Polarcus Inks Contract for 3D Acquisition Project Offshore West Africa
Polarcus Limited announces that the Company has signed a Letter of Intent with an undisclosed client for a 3D seismic acquisition project offshore West Africa. The project, to be acquired by POLARCUS NADIA, will commence this month and is expected to run for approximately 30 days. About Polarcus Pol
USA: MBARI’s Seafloor-Mapping Robot D. Allan B. Yields Host of New Geologic Discoveries
MBARI’s seafloor mapping robot has had a busy year. It documented a huge lava flow from a three-month-old volcanic eruption off the Oregon coast; it charted mysterious three-kilometer-wide scour marks on the seafloor off Northern California; and it unearthed data that challenge existing theories abo
Germany: MV Lone Heavy Lift Undergoes Upgrades to Better Fit Offshore Needs
SAL’s heavy lift vessel, the MV “Lone”, is now in the last stages of upgrading her existing DP 1 system to a DP 2 system. In dry-dock at the German shipyard Norderwerft, the vessel received one additional 1,200 kW bowthruster, two retractable azimuths of 1,200 kW each and three 1,600 kW auxiliary en
Germany: MV Lone Gets DP Upgrade
The MV “Lone” is now in the last stages of upgrading her existing DP 1 system to a DP 2 system. In dry-dock at the German shipyard Norderwerft, the vessel received one additional 1,200 kW bowthruster, two retractable azimuths of 1,200 kW each and three 1,600 kW auxiliary engines to secure the power
Four Large Tanker Owners Sign LoI to Set up New VLCC Pool
Partners in the VLCC Pool will be MITSUI O.S.K. LINES, LTD. / PHOENIX TANKERS PTE. LTD., A.P. MØLLER – MÆRSK A/S (Maersk Tankers), SAMCO SHIPHOLDING PTE. LTD., and OCEAN TANKERS (PTE.) LTD., SINGAPORE – all financially strong and quality focused tanker owners. The Partners are in detailed discussion
Polarcus Nadia Set for West Africa Work
UAE based company specializing in high-end towed streamer data acquisition, Polarcus Limited, has signed a Letter of Intent with an undisclosed client for a 3D seismic acquisition project offshore West Africa. The project, to be acquired by ULSTEIN SX124 design vessel, Polarcus Nadia, will start thi
Australia: First Gas from Raindeer Field Flows through Bunbury Natural Gas Pipeline
Australia’s Santos today said on its website that natural gas from the offshore Reindeer field in the Carnarvon Basin was delivered to the Dampier to Bunbury Natural Gas Pipeline (DBNGP) for the first time. The delivery of the gas, processed at the new onshore Devil Creek plant near Karratha, marks
UK: Blue Offshore to Use Swan Hunter Facilities for Construction of Cable Installation System
Blue Offshore, a specialist subsea construction contractor, have announced that they have reached agreement to use the former Swan Hunter shipyard facilities at Wallsend, Newcastle-upon-Tyne (UK), for assembly and construction of their cable installation system. Blue Offshore will operate the facili
U.A.E: Polarcus Signs LoI with TGS for 3D Seismic Vessel Polarcus Amani
Polarcus Limited announces that the Company has signed a Letter of Intent with TGS-NOPEC Geophysical Company ASA (TGS) for the charter of the 12 – 14 streamer 3D seismic vessel POLARCUS AMANI. The charter, of minimum 5 months duration and subject to the execution of a service contract, will commence