Business & Finance
South Korea: Hamworthy Secures FSRU Regas Order
Hamworthy has secured a contract for the supply of regasification technology on board what are understood to be the world’s first newbuild Floating Storage and Regasification Units (FSRUs). Two 170,000m3 storage capacity vessels, owned by Hoegh LNG, are being built at the world’s largest shipbuilder
Hamworthy to Equip World’s First FSRUs (South Korea)
Hamworthy has secured a contract for the supply of regasification technology on board what are understood to be the world’s first newbuild Floating Storage and Regasification Units (FSRUs). Two 170,000m3 storage capacity vessels, owned by Hoegh LNG, are being built at the world’s largest shipbuilder
China: ConocoPhillips’ Negligence Causes Bohai Bay Oil Spill, Says SOA
China’s State Oceanic Administration (SOA) said on Friday that an oil leak by a subsidiary of Houston-based ConocoPhillips in China’s … (Reuters) [mappress] Source: Reuters, November 11, 2011; Image: ConocoPhillips
Norway: Aker Solutions to Supply Production Equipment for Brynhild Project
Aker Solutions has signed a contract with Lundin for the engineering, procurement and construction of a subsea production system for the Brynhild project on the Norwegian continental shelf. The contract value is approximately NOK 700 million (USD 123 Million). The scope of work includes one template
The Netherlands: APM Terminals Reports Strong Q3 Results
Higher utilizations and operational efficiencies enabled APM Terminals’ Global Port and Terminal Network to increase container throughput 11% compared with the third quarter of 2010, outperforming the market, and recording a return on invested capital (ROIC) of 13.5% for the July through September
Norway: Aker Solutions Wins Subsea Contract for Brynhild Field
Aker Solutions has signed a contract with Lundin for the engineering, procurement and construction of a subsea production system for the Brynhild project on the Norwegian continental shelf. The contract value is approximately NOK 700 million. The scope of work includes one template-manifold structur
Norway: Lundin Petroleum Receives Approval for Brynhild Field Development
Lundin Petroleum AB through its wholly owned subsidiary Lundin Norway AS announces the approval from the Norwegian Ministry of Petroleum and Energy of the Plan for Development and Operation (PDO) for the Brynhild field in PL148, located in the Norwegian North Sea. First production from the Brynhild
Norway Approves Brynhild Field Development Plan
Lundin Petroleum AB (“Lundin Petroleum”) through its wholly owned subsidiary Lundin Norway AS announces the approval from the Norwegian Ministry of Petroleum and Energy of the Plan for Development and Operation (PDO) for the Brynhild field in PL148, located in the Norwegian North Sea. First product
LIOS Provides 40 pct Increase in Power Transmission Capacity Between Finland and Sweden
For two major North European utilities ( Fingrid Oyj and Svenska Kraftnät ) LIOS Technology provided its most advanced multimode Distributed Temperature Sensing (DTS) systems to monitor the HVDC subsea link between the two utility grids. The electricity transmission connection is crossing the Gulf o
USA: Deep Down’s 3Q Results in Line with Expectations, CEO Says
Deep Down, Inc. , an oilfield services company specializing in products and services for the deepwater and ultra-deepwater oil and gas industry, today reported $606 thousand of net income for the third quarter of 2011, an improvement of $5.0 million, or greater than 800 percent, over the same period
The Netherlands: APM Terminals Reports Strong Q3 Results
Higher utilizations and operational efficiencies enabled APM Terminals’ Global Port and Terminal Network to increase container throughput 11% compared with the third quarter of 2010, outperforming the market, and recording a return on invested capital (ROIC) of 13.5% for the July through September a
Govt. of Commonwealth of Dominica Announces Tender for Subsea Cable Consultancy Services
The Government of the Commonwealth of Dominica, through the Ministry of Public Works Energy and Ports – Geothermal Project Management Unit, intends to procure the services of a firm to conduct a feasibility study regarding the submarine interconnection of Dominica with Martinique and Guadeloupe, and
ACCIONA Triples Net Profit Reported in Same Period Last Year (Spain)
ACCIONA obtained a net profit of 314 million euros in 9M 2011, tripling the 101 million euros reported in the same period of 2010. Group EBITDA amounted to 934 million euros, a 14.8% increase vs. 9M 2010 and revenues grew 5% to 4,796 million euros. EBITDA growth was mainly due to the positive perfor
Japan: MOL Installs OceanBB Internet System on Five LNG Tankers
Mitsui O.S.K. Lines, Ltd. today announced that its subsidiary MOL LNG Transport Co., Ltd. had completed to install a high-speed, monthly fixed-charge (flat rate) Internet service “OceanBB” for vessels using VSAT 1 provided by SKY Perfect JSAT Corporation, on the MOLLNG-managed Wakaba Maru and four o