Business & Finance
Norway: Statoil 3Q Net Income Rises 39 pct
Statoil’s third quarter 2011 net operating income was NOK 39.3 billion, a 39% increase compared to NOK 28.2 billion in the third quarter of 2010. “Statoil delivered strong financial results in the third quarter of 2011, reflecting operational performance in line with expectations and strong oil and
UK: Shetl and SSE Seek Views on Subsea Cable Plans Between Orkney and Caithness
Proposals for a subsea electricity cable between Orkney and Caithness have been put out for public consultation… (BBC) [mappress] Source: BBC ,October 27 , 2011;
UAE: Port Rashid to Become Middle East’s Largest Cruise Terminal
Global marine terminal operator DP World today announced it is expanding Port Rashid cruise terminal facilities to continue its leading position as the largest cruise centre in the Middle East. Port Rashid sits at the heart of Dubai city. Its Dubai Cruise Terminal currently has capacity to serve two
Australia: Port of Melbourne Board Gets New Chairman
Minister for Ports Denis Napthine welcomed a new chairman and a new board member to the Port of Melbourne Corporation. Dr Napthine said the new chairman Mr Mark Birrell and board member Ms Janice van Reyk, along with the existing board, would be tasked with continuing to build upon the solid foundat
Total E&P UK Extends Contract for AGR’s RMR
One of the largest operators in the UK sector of the North Sea has extended its contract for AGR’s Riserless Mud Recovery system (RMR™) by four years. TOTAL E&P UK’s multiple-well deal with Norwegian solutions provider AGR also includes the firm’s Cutting Transportation System (CTS). The extension,
BP Discovers Gas Offshore Egypt
BP Egypt on Monday announced the Salmon gas discovery in the North El Burg Offshore Concession, Nile Delta. Salmon is the third gas discovery BP has made in the concession following Satis-1 and Satis-3 Oligocene deep gas discoveries. Salmon, drilled by IEOC, the affiliate of ENI in Egypt, on behalf
UK: BMT ARGOSS, International Paint Join Forces to Improve Hull Coatings Performance
BMT ARGOSS and International Paint announces the formation of a partnership that can deliver demonstrable and transparent improvements in performance, efficiency and environmental emissions for the global shipping fleet. By deploying International Paint’s world class fouling control coatings in conj
Greece: DryShips Signs USD 141 Mln Loan Facility for Four Tankers
DryShips Inc., a global provider of marine transportation services for drybulk and petroleum cargoes and off-shore contract drilling oil services, announced the signing of a $141 million syndicated secured term loan facility to partially finance the construction costs of the tankers Belmar, Calida,
USA: NASA’s NEEMO Mission Nears Halfway Mark
A team of astronauts and scientists who are living and working on the ocean floor as part of a simulated trip to an asteroid are nearing the… (Space) [mappress] Source: Space, October 26 , 2011;
Damen Provides Dredging Equipment for Dredger Under Construction in Canada
Currently a hopper dredger is being built in Canada which will perform the maintenance dredging activities of the St Lawrence Seaway. Ocean’s companies, the shipbuilder and future dredging contractor, have opted for a proven design, fitted out with a Damen trailing pipe and other Damen dredging gear
Mexico: Cal Dive to Install Subsea Pipeline in Abkatun Offshore Field
Cal Dive International, Inc. announced today that it has been awarded a contract by Pemex Exploración y Producción for the installation of an 8 inch subsea pipeline located in the Abkatun Field in 47 meters of water. The contract will generate total revenue of approximately $27 million and will util
Damen Delivers Dredging Equipment for Canadian Hopper Dredger
Currently a hopper dredger is being built in Canada which will perform the maintenance dredging activities of the St Lawrence Seaway. Ocean’s companies, the shipbuilder and future dredging contractor, have opted for a proven design, fitted out with a Damen trailing pipe and other Damen dredging gear
Cal Dive Wins Contract from Pemex for Abkatun Field Development Offshore Mexico
Cal Dive International, Inc. announced that it has been awarded a contract by Pemex Exploración y Producción for the installation of an 8 inch subsea pipeline located in the Abkatun Field in 47 meters of water. The contract will generate total revenue of approximately $27 million and will utilize tw
USA: GLDD Schedules Announcement for 2011 Third Quarter Results
Great Lakes Dredge & Dock Corporation has announced that it will release its financial results for the three and nine months ended September 30, 2011 on Tuesday, November 1, 2011 at 7:00 a.m. C.D.T. Great Lakes Dredge & Dock Corporation is the largest provider of dredging services in the United Stat