Business & Finance
UAE: Abu Dhabi Reaches New Milestone in Its Cruise Tourism Development
Abu Dhabi has reached a new milestone in its cruise tourism development with the arrival at Mina Zayed’s new temporary cruise terminal of the luxury MSC Lirica cruise ship – the first to home port in the UAE capital. The 59,000 ton MSC Lirica arrived on Saturday night from Genoa, Italy. The liner, h
DOF Subsea’s Skandi Singapore Bags Gig Offshore New Zealand
DOF Subsea, a subsidiary of DOF ASA advises that it has secured a campaign of work in the New Zealand Taranaki Basin for the new build DSV Skandi Singapore for an undisclosed sum. The vessel will mobilise for New Zealand on completion of the current work program in Indonesia for Conoco Philips. Wo
Sweden: MMT Installs EM2040 Multibeam Echo Sounder on IceBeam Vessel
MMT Group announce its new ownership of a Kongsberg EM2040D. The EM2040 dual head system has recently been installed on MMT’s survey and ROV vessel IceBeam. This is the first highly developed multibeam echo sounder to combine all of the advanced features of deepwater echo sounders to the near-bottom
Vector Lands Cascade Chinook Field Job in Gulf of Mexico
Vector Technology Groups Subsea Division has been awarded a contract by Technip Houston for a Subsea Pig Launcher rated at 15,000 PSI. Vector Subsea Engineering have been working closely with Petrobras and Total to complete the design for Cascade Chinook Field in the Gulf of Mexico. “This is just an
USA: Vector Wins Contract for Subsea Pig Launcher for Cascade Chinook Field
Vector Technology Groups Subsea Division has been awarded a contract by Technip Houston for a Subsea Pig Launcher rated at 15,000 PSI. Vector Subsea Engineering have been working closely with Petrobras and Total to complete the design for Cascade Chinook Field in the Gulf of Mexico. “This is just an
Australia: Otto Energy Releases Quarterly Activities Report
Otto Energy, a dynamic, growing oil and gas company that in four short years has assembled a balanced portfolio of international exploration and development assets today provides its quarterly activities report : • Completed acquisition of remaining shareholding in Galoc Production Company WLL (GPC)
Norway: Sartor Offshore Announces Delivery of Ocean Alden Vessel
Sartor Offshore announces today that Ocean Alden vessel has been delivered from China, and will begin the voyage to Norway in a few days. Ocean Alden (VS 465) represents a multi role FSV designed by V&S (Now WSDNO) and Wison Heavy Industries/Nantong China. The is owned by Sartor Offshore Alpha AS, m
Sartor Offshore Takes Delivery of New Vessel From China
Sartor Offshore AS, Norway based company annaunced that it has take delivery of new addition in its fleet. Offshore Vessel Ocean Alden has been delivered from Wison Heavy Industry, and will begin its voyage to Norway in a few days. Ocean Alden (VS 465) represents a multi role FSV designed by V&S (No
USA: Bolt Technology Announces Financial Results
Bolt Technology Corporation announced financial results for the first quarter of fiscal year 2012, the three months ended September 30, 2011. For the quarter ended September 30, 2011, sales amounted to $9,572,000 compared to $8,534,000 in last year’s first quarter. Net income for the quarter amounte
Ophir Expands Block R Contract Area, Offshore Equatorial Guinea
Ophir, the upstream African oil and gas resource company announces the Amendment and expansion of the Block R Production Sharing Contract (PSC) in Equatorial Guinea. Highlights: The Block R contract area has been amended and expanded by c 46% to incorporate 773km2 of additional acreage bringing the
Vestas Issues Profit Warning (Denmark)
The commissioning of Vestas’ new generator factory in Travemünde, Germany, is not progressing as planned. In order not to compromise on safety and quality in an already very busy fourth quarter, Vestas has chosen to postpone the handing over of a number of projects, primarily in Europe. The changed
Vestas Issues Profit Warning (Denmark)
The commissioning of Vestas’ new generator factory in Travemünde, Germany, is not progressing as planned. In order not to compromise on safety and quality in an already very busy fourth quarter, Vestas has chosen to postpone the handing over of a number of projects, primarily in Europe. The changed
UAE: Scott Doak Steps Down from CFO Position in Lamprell
Lamprell , a leading provider of diversified engineering and contracting products and services to the onshore and offshore oil & gas and renewables industry, announced that Mr. Jonathan Cooper has been appointed to the Board of Directors of the Company as Chief Financial Officer with effect from 30t
Italy: Saipem Reports Record Results in First Nine Months 2011
The Board of Directors of Saipem S.p.A. approved Saipem Group’s Interim Report as at September 30, 2011. Investments in the third quarter of 2011 amounted to Euro 257 million (Euro 371 million in the third quarter of 2010) and included: – Euro 76 million in the Offshore Engineering & Construction se