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Business & Finance

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South Korea: Fred. Olsen Energy, HHI Extend Option for Second Newbuild Drillship
Business & Finance

South Korea: Fred. Olsen Energy, HHI Extend Option for Second Newbuild Drillship

Reference is made to notice to Oslo Stock Exchange dated 15th April 2011 regarding an option for a second newbuild drillship. A wholly owned subsidiary of Fred. Olsen Energy ASA and Hyundai Heavy Industries Co. Ltd. have agreed on an extension of the time limit for declaring this option till 20th De

about 15 years ago
USA: Cargotec Wins Major Port Automation Contract in Los Angeles
Business & Finance

USA: Cargotec Wins Major Port Automation Contract in Los Angeles

Cargotec has won a contract to supply ten state-of-the-art Kalmar automatic stacking cranes and 17 customer specific automatic shuttle carriers to leading terminal services’ provider TraPac Inc, in Los Angeles, USA. The equipment will be delivered to TraPac Inc, a subsidiary of Mitsui OSK Lines, in

about 15 years ago
Spain: Christening Ceremony for Vroon Offshore’s New Vessel
Business & Finance

Spain: Christening Ceremony for Vroon Offshore’s New Vessel

Vroon Offshore on Friday (October 14) announced the delivery and naming of VOS Valiant. The vessel was christened Friday in a ceremony held at the Astilleros Zamakona Shipyard in Pasaia, Spain. Godmother was Mrs. Eva Maria Móreno, wife of Mr. Jesús Villacañas, General Manager, Astilleros Zamakona Sh

about 15 years ago
South Korea: Fred. Olsen Energy ASA, Hyundai Heavy Extend Drillship Option Deadline
Business & Finance

South Korea: Fred. Olsen Energy ASA, Hyundai Heavy Extend Drillship Option Deadline

Reference is made to notice to Oslo Stock Exchange dated 15th April 2011 regarding an option for a second newbuild drillship. A wholly owned subsidiary of Fred. Olsen Energy ASA and Hyundai Heavy Industries Co. Ltd. have agreed on an extension of the time limit for declaring this option till 20th De

about 15 years ago
7th Pipeline Technology Conference Focuses on Safety of Pipeline Systems (Germany)
Business & Finance

7th Pipeline Technology Conference Focuses on Safety of Pipeline Systems (Germany)

Europe’s leading Pipeline Technology Conference will be held for the 7th time in 2012. This year the EITEP conference with accompanying exhibition will be focusing on the technological safety of pipeline systems. EITEP stands for “Euro Institute for Information and Technology Transfer in Environment

about 15 years ago
DOF Secures Contract Extension for Skandi Flamengo PSV in Brazil
Business & Finance

DOF Secures Contract Extension for Skandi Flamengo PSV in Brazil

DOF has, through its Brazilian subsidiary Norskan Offshore Ltda, signed a contract with Petrobras for Skandi Flamengo. The contract will commence in October 2011 and has a firm duration of 4 years. Skandi Flamengo is a PSV of UT 755 L design built in Brazil in 2003. Platform Supply Vessels transport

about 15 years ago
Saipem Wins New E&C Offshore Contracts Worth USD 1.5 Billion (Italy)
Business & Finance

Saipem Wins New E&C Offshore Contracts Worth USD 1.5 Billion (Italy)

Saipem has been awarded new E&C Offshore contracts worth $1.5 billion. In Iraq, Saipem has been awarded by South Oil Company the EPIC contract for the Iraq Crude Oil Export Expansion Project – Phase 2, within the framework of the expansion of the Basra Oil Terminal, off the Al Faw Peninsula in the A

about 15 years ago
India: Rickmers-Linie Recognized as Breakbulk Operator of the Year at MALA 2011
Business & Finance

India: Rickmers-Linie Recognized as Breakbulk Operator of the Year at MALA 2011

Rickmers-Linie has been awarded “Shipping Line of the Year – Breakbulk Operator” at the All India Maritime and Logistics Awards 2011 (MALA) in a ceremony held on 30 September in Mumbai. MALA was organized for the second time by EXIM India. Rickmers-Linie is the leading specialist in the global trans

about 15 years ago
Chalk Fields Still Have a Lot to Offer, NPD Says
Business & Finance

Chalk Fields Still Have a Lot to Offer, NPD Says

The Norwegian Petroleum Directorate (NPD), the Danish Energy Agency and ten oil companies will cooperate on research and development and share experience to improve recovery from chalk fields on the Norwegian and Danish shelves. The NPD and the Danish Energy Agency have taken the initiative for the

about 15 years ago
Qatar: Xtera Wins Contract from GBI to Deploy 100G on Terrestrial and Undersea Network Upgrades
Business & Finance

Qatar: Xtera Wins Contract from GBI to Deploy 100G on Terrestrial and Undersea Network Upgrades

Gulf Bridge International (GBI), the Middle East’s first carrier neutral regional network, and Xtera Communications, a leading global provider of optical networking solutions, announced the signing of a multi-year, sole source contract. Under the terms of this contract, Xtera Communications will sup

about 15 years ago
Valiant Announces Spud of Zapffe Prospect in Norwegian Barents
Business & Finance

Valiant Announces Spud of Zapffe Prospect in Norwegian Barents

Valiant Petroleum plc announces that drilling operations have commenced on the Zapffe exploration prospect (Valiant, 10%), located in PL518 in the Norwegian Barents Sea. The well is drilled by the Aker Barents semi-submersible rig and is targeting a Lower Cretaceous/Upper Jurassic pinch-out play loc

about 15 years ago
DOF Secures Contract Extension for Skandi Flamengo PSV in Brazil
Business & Finance

DOF Secures Contract Extension for Skandi Flamengo PSV in Brazil

DOF has, through its Brazilian subsidiary Norskan Offshore Ltda, signed a contract with Petrobras for Skandi Flamengo. The contract will commence in October 2011 and has a firm duration of 4 years. Skandi Flamengo is a PSV of UT 755 L design built in Brazil in 2003. Platform Supply Vessels transport

about 15 years ago
Singapore Rigbuilders’ Shares Rise on Positive Forecasts
Business & Finance

Singapore Rigbuilders’ Shares Rise on Positive Forecasts

Shares of Singapore rig builders Keppel Corp and Sembcorp Marine climbed on Monday after analysts said they could secure more orders and aft… Reporting by Eveline Danubrata (Reuters) [mappress] Source: Reuters, October 17, 2011;

about 15 years ago
USA: Dakota Creek Industries Signs Contract for Auxiliary General Oceanographic Research Ship
Business & Finance

USA: Dakota Creek Industries Signs Contract for Auxiliary General Oceanographic Research Ship

Dakota Creek Industries, Inc., Anacortes, Wash., is being awarded a $74,141,319 fixed-price modification to previously awarded contract (N00024-10-C-2201) for the detail design and construction of the ocean class Auxiliary General Oceanographic Research ship. The effort will also include technical m

about 15 years ago
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