Business & Finance
Cyprus: Deep Sea Supply Provides October Fleet Status Update
In October 2011 Deep Sea Supply`s AHTS fleet (all 12 AHTS Vessels) had an average gross income of approx. USD 19,600 per ship per day compared to USD 15,800 in September. The PSV fleet (all 8 PSVs) had an average gross income of approx. USD 20,000 per ship per day compared to USD 20,200 in […
Windreich Secures Funds for Global Tech I Offshore Wind Farm (Germany)
Willi Balz, Chief Executive Officer of the Windreich AG, has announced that the company has secured total project financing for its first offshore wind park Global Tech I and emphasizes, ‘With its 400 MW capacity, it is the first offshore project worldwide to obtain financing which directly brings t
USA: Anadarko Reports USD 3 Billion Net Loss in 3Q 2011
Anadarko Petroleum Corporation yesterday announced 2011 third-quarter results, reporting a net loss attributable to common stockholders of $3.051 billion, or $6.12 per share (diluted). These results include certain items typically excluded by the investment community in published estimates. In total
UK: Sustainable Shipping Initiative’s Vision Signed
The Sustainable Shipping Initiative (SSI), a coalition of global companies including Wärtsilä, and NGOs spanning across the sector, announced on October 31 the signing of a 30-year vision to secure the industry’s future, as well as the start of a joint work programme to deliver long-term sustainabil
Papua New Guinea: PNG LNG Project Starts Construction of Offshore Pipeline
Construction of the offshore pipeline for the PNG LNG Project has started, with the first lengths of pipe laid near the LNG Plant. The pipeline, which will be 407 kilometres long, stretches from Omati in the Gulf Province to the LNG Plant. The pipeline is 36 inches in diameter and will be laid from
Narec Successful in Bid for Regional Growth Fund (UK)
Andrew Mill, CEO, The National Renewable Energy Centre (Narec): “With the support received from the Regional Growth Fund, Narec will help to sustain the UK’s leading position in the offshore wind sector by driving the commercial development of seven new innovative products or services. Narec will ma
Papua New Guinea: PNG LNG Offshore Pipeline Construction Commences
Construction of the offshore pipeline for the PNG LNG Project has started, with the first lengths of pipe laid near the LNG Plant. The pipeline, which will be 407 kilometres long, stretches from Omati in the Gulf Province to the LNG Plant. The pipeline is 36 inches in diameter and will be laid from
Norway: Kværner Releases Third Quarter Results 2011
Kvaerner had operating revenues of NOK 2 623 million in the third quarter. Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to NOK 169 million, resulting in an EBITDA margin of 6.2 percent. “The third quarter has been a solid operational quarter, with financial results
Petrovietnam Makes a Move for ConocoPhillips’ South China Sea Assets
State oil and gas group Petrovietnam has bid for $1.5 billion of ConocoPhillips oil assets in the South China Sea, a senior Petrovietnam off… Source: Reuters [mappress] Source: Reuters, November 1, 2011
Singapore: Swire Pacific Offshore Gets New PSV in Its Fleet
Swire Pacific Offshore Operations (Pte) Ltd welcomed Pacific Hawk to the fleet last month on a long-term bareboat charter. Pacific Hawk is a 4700 DWT, DP2 classified Platform Supply Vessel (PSV) with 1000m2 of deck space. Built by Universal Shipbuilding Corporation to the STX 09 design at the Maizur
NPD Grants Permit to Statoil for Drilling in Norwegian North Sea
The Norwegian Petroleum Directorate has granted Statoil AS a drilling permit for wellbore 2/4-21. Wellbore 2/4-21 will be drilled from the drilling facility Mærsk Gallant at position 56°42’00.81’’N and 3°8’34.31”E. The drilling program for wellbore 2/4-21 applies to drilling of a wildcat well in pro
UK: Tritech’s StarFish Range Proves Market Success
StarFish Seabed Imaging Systems, the shallow water sidescan sonar system from Tritech International, has proved a market success since its launch in 2007. Sales of the range have continued to rise since the launch of the original and ever popular, StarFish 450F. StarFish applications have included s
Dr. Larry Robinson Plans to Step Down from NOAA (USA)
Dr. Larry Robinson, NOAA’s assistant secretary of commerce for conservation and management, and deputy administrator, announced that… NOAA [mappress] Source: NOAA,November 01 , 2011
Westshore Shipbrokers: Post Macondo Gulf of Mexico
18 months have passed since the terrible events surrounding the Macondo disaster in the Gulf of Mexico unfolded. After a period of emotion… By Inger Louise Molver (Westshore Shipbrokers) [mappress] Source: Westshore Shipbrokers, October 31, 2011