Business & Finance
Norway: Island Offshore Charters Two Vessels to Schlumberger
Island Offshore, a provider of high quality solutions for the offshore oil industry based on a fleet of advanced high quality service and subsea service vessels, recently secured a 7 year contract from Schlumberger. The contract is for two of its recently christened vessels, Island Centurion and Isl
France Telecom to Boost Lower Indian Network 2 (Kenya)
Kenya is ready for the fourth undersea fibre optic cable connection wich is scheduled to land in upcoming year. France Telecom, is spending 14 million euros to boost the “Lower Indian Network 2” (LION 2) submarine cable to the LION cable to Kenya via Mayotte. Along with the LION and LION2 cables, Fr
USA: Noble Energy’s Capex to Hit USD 5 Billion in 2016
Noble Energy, Inc. today announced that it has increased its 5 year capital spending plan as a result of recent exploration successes in order to strengthen the company’s growth profile. The Company’s production is projected to increase at a compound annual growth rate of 17 percent over the next fi
The Netherlands: VSTEP’s NAUTIS Maritime Simulator Receive DNV Certification
VSTEP announces that NAUTIS Full Mission Bridge Simulator received the Class A certification from Det Norske Veritas AS (DNV). The NAUTIS simulators are now qualified to operate as fully-certified maritime training simulators with any maritime training school worldwide. With the certification, VSTEP
UK: Premier Oil Shifts Focus to North Sea After Success in Asia
Premier Oil, a growing oil and gas exploration and production company with interests in eight countries around the world today announced its Interim Management Statement for the period to 15 November 2011. Premier’s two significant Asian developments are now onstream. Chim Sáo field offshore Vietnam
Elia Publishes Interim Statement Q3 2011 (Belgium)
As reported in the 2011 half-yearly results, Elia is unable to give any concrete profit forecasts since the annual result is dependent upon parameters that will either not be known until the end of 2011 (such as the inflation figure for December 2011) or else can only be calculated at that time (e.g
TAQA Bratani to Buy Stake in Cladhan Area, Offshore UK
TAQA Bratani Limited , the UK subsidiary of Abu Dhabi National Energy Company PJSC, has agreed to purchase from Premier Oil plc (“Premier”) certain assets that Premier will acquire following completion of its acquisition of Encore Oil plc. Under the agreement, TAQA will acquire a 16.6% per cent work
Petronas Discovers Substantial Oil Reserves Offshore Sabah, Malaysia
Malaysia’s national oil corporation PETRONAS Carigali Sdn Bhd , has encountered substantial oil reserves within Block 2G-2j, offshore Sabah. The finding was made at the Wakid-1 well , about 100km northwest of the capital of Sabah state in East Malaysia, Kota Kinabalu. Malaysian oil giant sad that th
Finland: Halton Marine to Deliver First M.A.R.V.E.L. System for Cruise Ship
Halton Marine will deliver, the first M.A.R.V.E.L. system for a major cruise ship, in 2012. Halton M.A.R.V.E.L. is the first truly intelligent, responsive, and completely flexible demand-controlled ventilation (DCV) system specifically designed for Halton hoods. Compared to traditional hoods, the Ha
AWE Secures Rig for Atlas Prospect Drilling, Offshore Indonesia
AWE Limited, reports the execution of a rig contract for the drilling of the Atlas-1 well. Atlas-1 will be drilled in the Titan PSC, which is located in the offshore East Java Basin, Indonesia. The Atlas well will target a sizable gas prospect, located approximately 35 kilometres north east of the L
The Netherlands: IHC Merwede Sees Bright Future
A decision has been made to maintain the current shareholder structure at IHC Merwede. The IHC Merwede Supervisory Board – in addition to all of the current shareholders – is comfortable with the financial strength of the company for the next year. With the support of JP Morgan and Rabobank M&A, IHC
Russia: CF Receives New Project 705B Harbor Tug RB-10
In accordance with state rearmament program, Caspian Flotilla (CF) received new Project 705B harbor tug RB-10 developed by JSC Vympel Design Bureau (Nizhny Novgorod) and built by Astrakhan Shipyard, affiliate of JSC Zvezdochka Ship Repair Center. First tug of this project joined Caspian Flotilla in
Tata Communications and Nawras Launch TGN-Gulf Cable from Oman to India
Tata Communications, a global communications service provider that owns and operates the world’s largest subsea cable network, and Nawras, Oman’s customer-friendly communications provider, today announce the launch of the Oman to India TGN-Gulf cable. The undersea cable will be used to instantaneous
UK: We Must Protect Crews from Horrors of Piracy, Says President of InterManager
The “horrors” of piracy have dominated the first year of Meridian Marine Management Managing Director Alastair Evitt’s first year in his role as President of InterManager, the international trade association for the shipmanagement industry. Summing up his first year representing the world’s third-pa