Business & Finance
ESL Shipping Christens its New Dry Cargo Ship at Hyundai Mipo Dockyard, South Korea
The first of the two dry cargo ships ordered from Hyundai Mipo by ESL Shipping has been named. The vessel was christened m/s Arkadia in a ceremony organized in Vietnam. Leena Ruohonen, the spouse of Seppo Ruohonen, CEO of Helsingin Energia, adopted the role of godmother to the vessel. The ships of E
USA: Bay Shipbuilding Starts Construction of Tidewater’s PSV
Bay Shipbuilding Co on Monday laid keel for the first, out of two, platform supply vessel that company is building for New Orleans-based Tidewater Marine. The second keel laying is expected in mid-December. Vice president and general manager at Bay Shipbuilding Co. Gene Caldwell said that this contr
UK: Trapoil Farms Out Kew to Centrica and JX Nippon
Trapoil, an oil and gas exploration and appraisal company focused on the UK Continental Shelf (“UKCS”) region of the North Sea, has farmed out 80% of its working interest in its Kew asset (P.1864, Block 9/24d) to Centrica North Sea Oil Limited ( (60%) and JX Nippon Exploration and Production (U.K.)
Norway: Island Offshore Secures Contract for Island Intervention Vessel
Island Offshore informs that the subsea construction vessel Island Intervention has commenced her charter with Subsea 7 which is likely to keep the vessel busy until the 2nd week of December. The vessels duties involves light construction, crane, ROV, survey and positioning operations related to the
OpenHydro Wins Best Irish Company in France Award
Irish tidal energy technology company, OpenHydro, has been honoured at the 2011 Ireland France Business Awards for their outstanding company performance in 2011 and promotion of bilateral trade and investment between Ireland and France. At an awards ceremony held in Paris, OpenHydro was selected as
Nautilus Increases Mineral Resources in Papua New Guinea
A successful exploration drilling campaign conducted at Nautilus Minerals’ tenements in the Bismarck Sea of Papua New Guinea has enabled the company to increase the resource estimate at its Solwara 1 project, and to declare a maiden Inferred Resource at the nearby Solwara 12 deposit. The key feature
Norway: Extreme Weather Forces Statoil to Cut Production
Statoil, a Norway based oil & gas exploration and production giant, has started with production reductions at some of its Norwegian sea facilities due to extreme weather conditions. Statoil’s spokesperson Ola Anders Skauby told Reuters that the measures taken were precautionary and that the company
APM Terminals Shows Confidence in Costa Rica
Addressing delegates attending the annual TOC Container Supply Chain Americas conference, APM Terminals Moin Managing Director, Captain Paul J. Gallie cited the company’s new Terminal de Contenedores de Moin (TCM) project in Costa Rica as an example of essential Latin American port planning and deve
Norway: AGR Inks Frame Agreement with GDF SUEZ E&P Norge
AGR has been awarded a Frame Agreement that is to provide personnel services to GDF SUEZ E&P Norge AS. As a global provider of recruitment and consultancy solutions to the upstream oil and gas industry – with offices in Aberdeen, Stavanger, Dubai and Perth – AGR will be responsible for seeking indiv
The Netherlands Ministry of Defence Releases Tender for Two New Patrol Crafts
The Netherlands Ministry of Defence released the tender for construction and supply of 2 patrol craft for use by the Marine Corps, Security Division, with a steel or aluminum hull and a 5 person crew capacity. The main dimensions of the vessels are not strictly limited, except that the maximum depth
Norway: AGR, GDF SUEZ Ink Personnel Services Agreement
AGR has been awarded a Frame Agreement that is to provide personnel services to GDF SUEZ E&P Norge AS. As a global provider of recruitment and consultancy solutions to the upstream oil and gas industry – with offices in Aberdeen, Stavanger, Dubai and Perth – AGR will be responsible for seeking indiv
Norway: Island Intervention Commences Charter with Subsea 7
Island Offshore informs that the subsea construction vessel Island Intervention has commenced her charter with Subsea 7 which is likely to keep the vessel busy until the 2nd week of December. The vessels duties involves light construction, crane, ROV, survey and positioning operations related to the
UK: WFS, MCS Kenny Deliver Wireless Riser Monitoring Technology
WFS Technologies, a supplier of radio and acoustic solutions for underwater communication, navigation and power transfer, and MCS Kenny, aspecialist in compliant riser design have announced the delivery of a wireless riser monitoring system for use in deep water environments. Donogh Lang, senior ris
South Korea: Deep Sea Metro Takes Delivery Its New Drillship from HHI
Deep Sea Metro Ltd. has today taken delivery of the drillship Deepsea Metro II from Hyundai Heavy Industries (HHI). President & CEO of Odfjell Drilling, Simen Lieungh states: “This is the second project for Deep Sea Metro this year and fourth overall that Odfjell Drilling has successfully delivered