Business & Finance
South Korea: Naming Ceremony for Odfjell Drilling’s New UDW Drillship
Thursday 10th of November 2011 Deepsea Metro II naming ceremony was officially held in Ulsan at the Hyundai Heavy Industries yard. This is the fourth successful ultra deep water vessel delivery for Odfjell Drilling, with regards to project planning, delivery and excellent HSE performance. “This is
Russia: PF to Hold Launching Ceremony of Hydrographic Ship Valery Faleyev
Solemn launching ceremony of Pacific Fleet (PF) hydrographic ship Valery Faleyev will be held on Nov 12 in the Maly Uliss Bay, Vladivostok. The new ship is designed for oceanographic researches for Pacific Fleet, reports Russian defense ministry’s press service. The ship’s launching will coincide wi
Australia: Tap Announces Spud of Hannah-1 Well
Tap Oil Limited (“Tap”) provides the following information on the Hannah-1 commitment well, offshore Carnarvon Basin, Western Australia. The Hannah-1 well is located in permit TP/8, approximately 18km east of Barrow Island. The well will be drilled in water depth of 16m by the jack-up rig Ensco 104.
Ventizz’s Firm Takes Over North Sea Offshore Wind Farm (Germany)
The Danish firm SSP Technologies Holding ApS, a portfolio company of Ventizz Capital Fund IV, LP (“Ventizz IV”), has ended a legal dispute with PNE Wind AG via an amicable settlement. The dispute, which began in 2009, was in relation to the acquisition of the Danish rotor blade specialist SSP in 200
UK: Shell Expert Becomes Keynote Speaker at SPE ICoTA European Well Intervention Conference
Energy experts will gather next week at the 17th SPE ICoTA European Well Intervention Conference to discuss the important role innovative technology has in the future of the North Sea. Stuart Brown, Shell’s Global Well Intervention Discipline Lead, is a keynote speaker at the event. Mr Brown has spe
W&O Supply Sees Big Opportunity in Brazilian Offshore Market
W&O Supply, North America’s largest supplier of marine valves, pipe, fittings, engineered products, valve automation and data management systems, announced yesterday that it has established operations in Brazil, with the first office located in Rio de Janeiro. Establishing a Brazilian presence is an
Anupam-MHI JV to Manufacture Heavy-duty Material Handling Equipment in India
Mitsubishi Heavy Industries, Ltd. (MHI) and Anupam Industries Limited (Anupam) of India have jointly established Anupam-MHI Industries Limited, a company to manufacture heavy-duty material handling equipment, including quayside container cranes, in India. The creation of the new JV is aimed at aggre
The Netherlands: VPI to Supply Cable Hang-off Systems for Offshore Wind Farm
Vos Prodect Innovations B.V. has been awarded an order by Norddeutsche Seekabelwerke GmbH (NSW), for the supply of Cable Hang-off Systems for an offshore wind farm project in the North Sea. Vos Prodect has carried an intensive development program to launch the best system to meet the technical & com
Spain: Repsol Upstream Unit’s Income Rises 15.7 pct
Repsol posted net income of 1.901 billion euros in the first nine months of 2011, 6.4% higher than the 1.786 billion euros reported in the year-earlier period. The group’s operating income totalled 4.102 billion euros, 1% higher than that recorded in September 2010. The company’s encouraging results
USA: Odyssey Marine Reports Results for Third Quarter
Odyssey Marine Exploration, Inc. , a pioneer in the field of deep-ocean exploration, reported results for the third quarter ended September 30, 2011. For the third quarter of 2011, Odyssey reported revenue of $5.9 million, compared to $9.8 million in the third quarter of 2010 and operating expenses
Vietnam: Hyundai Vinashin Lays Kell for Three Bulk Carriers
On 08 November 2011, at HVS Dock No.2, Keel Laying Ceremonies for 03 Bulk Carriers having Hull Nos. S043, S047 and S046 were held under the attendance of representatives from Owners, Class and the Yard. S043 is the last in the series of 2 vessels contracted with ESL Shipping, Finland; S047, the seco
Farstad Secures Charters in UK and Brazil
Farstad Shipping has been awarded the following charter contracts: AHTS Far Scout (2001, UT 722L, 18.700 BHP) has been contracted by Petrobras in Brasil for a 2 year firm contract. In the North Sea Peterson has exercised another 1 year option for PSV Far Splendour (2003, P 106, 3.503 DWT). Total val
China: Yiulian Dockyards Wins Neptune Finder Convert Contract
Jasper Investments Limited has awarded a USD 73.6 million contract to a subsidiary of the China Merchants Industry Holding Co., Ltd (“CMIH”) to retrofit and convert its Neptune Finder (“Finder”) semi-submersible into an accommodation vessel / floatel. The contract between Jasper Finder Pte Ltd, a su
Investec Completes USD 7.5 M Deal with Sea Fibre for Subsea Cable Between UK and Ireland
Investec Project and Infrastructure Finance, (‘Investec’), part of Investec Bank plc. has recently completed a new senior debt facility for… (Angel News) [mappress] Source: Angel News, November 10, 2011