Business & Finance
China: Sanfu Shipyard Launches New Bulk Carrier for Steamship Co
On October 26, 4#16900DWT BC (Hull No: SF080104), being built for Polish Steamship Co., was successfully launched. This vessel is the 4th one among 8 sister vessels contracted between Polish Steamship Company and SF shipyard. It will be built strictly according to ABS rules. 16,900DWT Bulk Carrier T
UK: RBG Receives New Dive Intervention Crafts
RBG has enhanced its subsea service capability with the launch of two purpose-built dive intervention craft (IC). The launch was announced by RBG’s new Marine & Subsea director, Roddy James, who joined the company in October 2011 from STS having previously served as global account director, oil & ga
Ithaca Energy Hires Ensco 100 Jack-Up Rig for Drilling Offshore UK
Ithaca Energy Inc. announces that it has signed an agreement with Ensco Offshore UK Limited to provide a jack up drilling unit for development drilling on the Stella and Harrier fields to commence in 2012. Further to the recently announced Development Concept selection for the Stella and Harrier Fie
GC Rieber Shipping Completes Contracts for All Vessels in its Portfolio (Norway)
After the end of the third quarter, contracts have been completed for all vessels in GC Rieber Shipping’s portfolio. Order backlog has been increased by half a billion, compared with the previous quarterly reporting. – This gives us an excellent starting point for the future in a turbulent period, s
Aker Solutions Reports 3Q Revenues of USD 1.5 Bln. Records Loss in Brazil
Aker Solutions’ operating revenues in the third quarter of 2011 were NOK 8.56 billion (Approximately 1.5 billion). Earnings before interest, tax, depreciation and amortisation amounted to NOK 322 million. Order intake in the quarter was NOK 8 billion. “Our subsea challenges in Brazil are well known.
Norway: TGS Reports Increase in Third Quarter Revenues
TGS reports net revenues of USD 160 million in Q3 2011, compared to USD 130 million in Q3 2010, a 23% increase. Investments were USD 111 million, up 77%. These investments were a record for the Company in a single quarter and resulted in a record high number of vessels utilized in a quarter. [&helli
UK: RBG Enhances its Subsea Capability with Two New ICs
RBG has enhanced its subsea service capability with the launch of two purpose-built dive intervention craft (IC). The launch was announced by RBG’s new Marine & Subsea director, Roddy James, who joined the company in October 2011 from STS having previously served as global account director, oil & ga
Eni Announces Gas Production Restart Offshore Libya
Eni announces that Mellitah Oil & Gas, the Joint Venture operating company (NOC 50%, Eni 50%) in Libya, has restarted today gas production from the offshore platform of Sabratha. Production will start at 4-5 Million cubic metres per day and will gradually increase to reach 11-13 Mcmd during the mont
Sino-Global Signs MoU with South Africa’s Shipping Agency
Sino-Global Shipping America, Ltd., a leading non-state-owned provider of shipping agency services operating primarily in China, today announced that it has signed a memorandum of understanding (MOU) with King & Sons, a subsidiary of Grindrod Limited, a public company listed on the JSE Securities Ex
USA: Crowley Maritime to Christen its Largest and Fastest Articulated Tug-barge
Crowley Maritime Corporation will christen its largest and fastest articulated tug-barge (ATB), the Legacy/750-1. The 16,000-horsepower tug Legacy and barge 750-1, capable of carrying 330,000 barrels of petroleum products, is almost as long (674 feet) as New Orleans’ tallest building (One Shell Squa
UAE: Topaz Announces Refinancing Deal
UAE-based Topaz Energy and Marine, a leading oilfield services multinational and subsidiary of Renaissance Services, has announced a US$ 380 million financing initiative, led by Standard Chartered Bank and DVB Bank. The initiative will involve both regional and international lenders in a refinancin
Oil & Gas UK Welcomes Over 1,100 Delegates to PILOT Share Fair
Oil & Gas UK’s chief executive, Malcolm Webb, welcomed over 1,100 delegates from all over the UK to the 2011 PILOT Share Fair in Aberdeen. Companies making major investments in the UK’s oil and gas resource will present details of upcoming work to a host of small and medium-sized supply chain contra
UAE: Topaz Enters USD 380 Million Refinancing Deal
UAE-based Topaz Energy and Marine, a leading oilfield services multinational and subsidiary of Renaissance Services, has announced a US$ 380 million financing initiative, led by Standard Chartered Bank and DVB Bank. The initiative will involve both regional and international lenders in a refinancing
Ukraine: Zaliv Delivers Seismic Vessel ‘Polarcus Adira’
The next successfully delivered project confirms the status of the Kerch Shipyard Zaliv as the active participant of the world market of offshore shipbuilding. The vessel “Polarcus Adira” (building number 01293) purposed for seismic shelf research became the seventh built by Zaliv within the coopera