Business & Finance
New Zealand: 54 Tonnes of Heavy Fuel Oil Removed from Rena’s Starboard Tank
Oil is now being continuously pumped at a stable rate from the submerged number 5 starboard fuel oil tank on the grounded container ship Rena, Maritime New Zealand (MNZ) says. As at 3pm today, around 54 tonnes of heavy fuel oil from the tank had been transferred to the adjacent oil tanker Awanuia. M
Japan: Mitsubishi Electric Signs Contract to Upgrade Transpacific Cable Network
Mitsubishi Electric Corporation announced that it has signed a contract to upgrade a transpacific submarine cable network by incorporating 40 Gbps dense wavelength division multiplexing (DWDM) and increasing transmission design capacity up to fivefold to 5.2 Tbps. The upgrade to the Asia America Gat
UAE: Leighton Offshore’s New Cable Lay Vessel Hits the Water
Leighton Offshore yesterday launched the newest edition to the fleet, the Leighton MPV-1 cable lay vessel, at the Al Jazeera Port in Ras Al Khaimah. The MPV -1 will be mobilised to undertake the cable lay scope of the $799m Phase 1 Iraq Crude Oil Export Expansion Project (ICOEEP) currently underway.
Japan: Daikin Unveiles New Container Refrigeration Technology
Daikin Reefer has unveiled new container refrigeration technology that meets carrier and shipper demands for low energy consumption and greenhouse gas emissions while providing precise cooling performance for chilled and frozen cargoes. One of the principal suppliers of container refrigeration machi
USA: FOCS Approves Gulf Shoreline Clean-up Completion Plan
After 18 months of sustained effort to clean the shoreline of the Gulf of Mexico following the Deepwater Horizon accident, the U.S. Coast Guard’s federal on-scene coordinator (FOSC) has approved the shoreline clean-up completion plan, paving the way for restoration work. Under the plan, the FOSC wil
Cal Dive Australia Selects Saab Seaeye Panther XT Plus ROV
To tackle the strong currents in Australia’s offshore oil & gas fields, leading contracting company, Cal Dive International (Australia) Pty Limited, selected Saab Seaeye’s powerful new Panther XT Plus ROV (Zone Rated and configured for operations in hazardous areas) when making that choice. A Cal Di
USA: Vantage Drilling Reports 3Q Net Loss of USD 11.9 Million
Vantage Drilling Company reports a net loss of $11.9 million or ($0.04) per diluted share for the three months ended September 30, 2011 as compared to a net loss of $5.8 million or ($0.02) per share excluding $27.8 million of charges in the prior year period relating to the acquisition of the Platin
France: BOURBON Announces Growth in Revenues in Third Quarter
BOURBON announces revenue up + 17% over 9 months in line with the objectives of the 2015 Leadership Strategy. Significant increase in daily rates in the quarter follows previous quarter’s upturn in utilization rates. ““In a favorable oil & gas environment. the price per barrel of Brent (113 US$ over
Vietnam: Dungquat Shipyard Repairs Vietsovpetro’s AHTS
AHTS “Sao Mai 03”, the second service vessel of Vietsovpetro J.V., has been repaired in Dungquat Shipyard. Its dimension is 64.4 m long, 13.8 m wide with the load of 1,190 tons and main engine capacity of 2 x 3520 BHP. On 07 November 2011 the AHTS “Sao Mai 03” has been delivered to Vietsovpetro [&he
BG , COPL Find Oil at Esperanza Prospect in UK North Sea
Canadian Overseas Petroleum Limited has made an oil discovery at its Esperanza exploration prospect located in Block 22/15 of the UK Central North Sea. Block 22/15 is a Second Round license. The 22/15-4 well, operated by BG Group (“BG”), was drilled by the Ocean Nomad semi-submersible drilling rig t
Singapore: NYK Shipmanagement Celebrates Its 10th Anniversary
On November 8, NYK Shipmanagement Pte. Ltd., an NYK Group company, held a ceremony at its head office in Singapore to celebrate the 10th anniversary of its establishment. The ceremony was attended by about 200 guests including the Japanese ambassador to Singapore H.E. Yoichi Suzuki, Panamanian ambas
EIB Considers Raising Loan Price for Renewable Energy Projects (Luxembourg)
The European Investment Bank may raise the price of loans to renewable energy projects to bolster capital as demand for funds rises, the bank’s climate chief said. “You could say that this year’s projects have to pay a bit more for next year’s borrowers, but it all goes back into the business,” Chri
EIB Considers Raising Loan Price for Renewable Energy Projects (Luxembourg)
The European Investment Bank may raise the price of loans to renewable energy projects to bolster capital as demand for funds rises, the bank’s climate chief said. “You could say that this year’s projects have to pay a bit more for next year’s borrowers, but it all goes back into the business,” Chri
Cal Dive Chooses Panther Plus XT ROV for Works Offshore Australia
To tackle the strong currents in Australia’s offshore oil & gas fields, leading contracting company, Cal Dive International (Australia) Pty Limited, selected Saab Seaeye’s powerful new Panther XT Plus ROV (Zone Rated and configured for operations in hazardous areas) when making that choice. A Cal Di