First Capital, a commercial finance company, announced that it has provided an Asset-Based credit facility to Ranger Offshore, Inc., a marine and subsea construction support services company to the offshore oil and gas industry. The new credit facilities consist of a revolving line of credit collate
The Forewind consortium will employ an innovative new foundation design concept next year when it installs two meteorological masts on the Dogger Bank offshore wind farm zone, located between 125 and 290 kilometres off the North Yorkshire coast. Forewind Limited, developers of the Dogger Bank zone,
Providence Resources P.l.c., („Providence‟) the London (AIM) and Dublin (ESM) listed oil and gas exploration and production company, today provided an update on its upcoming appraisal drilling programme in the North Celtic Sea Basin, offshore southern Ireland. *The Barryroe partners have been awarde
The last year has been a turbulent time for the international logistics industry and has forced cargo owners, logistics handlers and many other key stakeholders to evaluate their operations. Today, efficiency and productivity are more important than ever before and businesses are looking at implemen
TGerman Chancellor Angela Merkel announced on 30 May that Germany, the world’s fourth-largest economy and Europe’s biggest, would shutter… by John Daly (oilprice) [mappress] Source: oilprice, October 19, 2011
Catalist-listed ES Group (Holdings) Limited (the “Company”, together with its subsidiaries, “ES Group” or the “Group”) announced today that its wholly-owned subsidiary, ES Offshore Engineering Pte. Ltd. has won another order to construct two jack-up drilling rig blocks for a major Singapore shipyard
Wilhelmsen Ships Service (WSS) has launched a new integrated service solution for vessels within and passing through the Straits of Gibraltar. Known as ‘Your Straits Solution’, the new initiative will enable customers to utilise the company’s services in Algeciras, Ceuta and Gibraltar from one locat
Leading North East Engineering company IHC Engineering Business (IHC EB) has been named Design Team of the Year 2011 by the British Engineering Excellence Awards (BEEA). At the ceremony held on October 13 at the Shakespeare Globe Theatre, London, IHC EB was highly commended by the judges for the tea
Yesterday on October 18, 2011, Atlantic Bulk Carriers‘ Captain Petros Tsialiamanis along with Chief Engineer Mr. Theofilis Alexandros attended the delivery of the latest addition to Atlantic Bulk Carriers fleet, M/V Desert Glory at HMD Shipyard. Vessel characteristics: LOA – 193,07m BEAM – 32,26m SU
Paragon Shipping Inc., a global shipping transportation company specializing in dry cargoes, agreed to sell to an unaffiliated third party its 1995-built drybulk handymax vessel, of 43,222 dwt, M/V CRYSTAL SEAS, for a gross price of $14 million. The vessel is scheduled to be delivered to her new own
The Huldra field is being depleted. What’s left is a fully adequate and solid platform. Any buyers? Must a platform be scrapped after use? Couldn’t it be moved to a new area? The Huldra platform has been producing in the North Sea since 2001, and is still a modern platform with many possibilities. T
It is the most important international maritime Trade show of the Netherlands, Europort 2011. Dutch companies have never before presented themselves as such a strong collective. 42 companies participate in one of the two Maritime by Holland Pavilions, another 7 companies showcase their innovations o
Teekay Corp , a marine crude oil and petroleum product transporter, will spend up to $823 million to buy three floating production storage a… Source: Reuters [mappress] Source: Reuters, October 19, 2011;
Petrobras CEO, José Sergio Gabrielli de Azevedo, said that Brazil will be one of the main contributors to the increase of oil supply in the global market and stressed that demand continues to increase in developing nations. This Tuesday (Oct 18) Mr. Gabrielli took part in a ministerial meeting organ
