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Business & Finance

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Cecon Receives LoA for Pipeline Installation Project in West Africa
Business & Finance

Cecon Receives LoA for Pipeline Installation Project in West Africa

Cecon has received Letter of Award for a fast-track pipeline installation project in West Africa. Engineering and Project Management will commence immediately with Installation expected completed by the end of Q4/2011. The project will be executed using Cecon installation spread on a third party cha

about 15 years ago
China: Jiangsu Shipyard Scores Three New Deliveries in Two Days
Business & Finance

China: Jiangsu Shipyard Scores Three New Deliveries in Two Days

Highlights of new ship delivery occurred frequently by China Shipping Industry (Jiangsu) Co., Ltd. After delivery of bulk carrier “An Hua Shan” for China Shipping Development Co., Ltd. tramp. Co. on Sep. 27, 2011, 1st and 2nd 57000 bulk carrier “Lanhai He Le” and “Lanhai He Mei” for Minsheng Financi

about 15 years ago
Sonde to Resume Operations Offshore Tunisia
Business & Finance

Sonde to Resume Operations Offshore Tunisia

Sonde Resources Corp. announces that on August 31, 2011, the Government of Canada repealed its unilateral sanctions against Libya, and further amended the Regulations Implementing the United Nations Resolutions on Libya on September 22, 2011, following the adoption of Resolution 2009 (2011) by the U

about 15 years ago
Cecon Wins Pipeline Installation Gig in West Africa
Business & Finance

Cecon Wins Pipeline Installation Gig in West Africa

Cecon has today received Letter of Award for a fast-track pipeline installation project in West Africa. Engineering and Project Management will commence immediately with Installation expected completed by the end of Q4/2011. The project will be executed using Cecon installation spread on a third par

about 15 years ago
USA: Scripps Receives Grant to Develop Cutting-Edge Deep-Ocean Seismic System
Business & Finance

USA: Scripps Receives Grant to Develop Cutting-Edge Deep-Ocean Seismic System

Combining recently launched green technology for navigating the oceans with the need to address gaps in critical earthquake information across the globe, scientists from Scripps Institution of Oceanography at UC San Diego have been granted $1.02 million from the National Science Foundation to develo

about 15 years ago
UK: Hallin’s West Division Welcomes New Managing Director
Business & Finance

UK: Hallin’s West Division Welcomes New Managing Director

Hallin Marine, a Superior Energy Services Company, has appointed a new managing director for its West Division as it grows the capability and assets of its Aberdeen-based operation. Hallin has promoted Giovanni Corbetta to the Managing Director’s role after he distinguished himself as the division’s

about 15 years ago
South Korea: Hyundai Mipo Dockyard Holds Naming Ceremony for Two Tankers
Business & Finance

South Korea: Hyundai Mipo Dockyard Holds Naming Ceremony for Two Tankers

Double namegiving ceremony for the MT Iver Best and the MT Iver Blessing took place yesterday, Wednesday 5 October 2011, at the Hyundai Mipo Dockyard, Ulsan, South Korea. The Iver Best was named by Mrs Daniëlle Zuiderwijk, wife of Mr Johan Zuiderwijk, Mazars Paardekooper Hoffman N.V. The Iver Blessi

about 15 years ago
University of Delaware to Reduce Offshore Wind Energy Costs (USA)
Business & Finance

University of Delaware to Reduce Offshore Wind Energy Costs (USA)

The University of Delaware is coordinating six companies in a design effort to reduce the cost of energy and the time to deployment as well as attract investment in offshore wind power. With a $500,000 grant from the Department of Energy and an equal amount contributed by the companies, the consorti

about 15 years ago
Tanzania: Aminex Suspends Nyuni-2 Well due to Extreme Drilling Conditions
Business & Finance

Tanzania: Aminex Suspends Nyuni-2 Well due to Extreme Drilling Conditions

Aminex PLC (‘Aminex’ or the ‘Company’) announces that it has suspended further work on the Nyuni-2 exploration well in offshore Tanzania due to extreme drilling conditions. As previously announced, the Nyuni-2 well had been drilled to 3,450 metres measured depth and cased to 2,945 metres. However, i

about 15 years ago
USA: Oil Major Orders Voraxial 2000 from EVTN
Business & Finance

USA: Oil Major Orders Voraxial 2000 from EVTN

Enviro Voraxial Technology, Inc. announced today that it has shipped a Voraxial® 2000 System to an oil and gas service company for a produced water application. The Texas based multi-billion dollar oil service company is a leading provider of consulting, engineering, and technical services worldwide

about 15 years ago
Ireland: Stena Line Completes Integration of Liverpool and Heysham Routes
Business & Finance

Ireland: Stena Line Completes Integration of Liverpool and Heysham Routes

Stena Line has just completed the full integration of the Liverpool and Heysham routes which it acquired from DFDS. Since approval for the purchase of the routes was given in June, a major systems integration project has been underway to integrate the new routes onto Stena Line’s Irish Sea business.

about 15 years ago
UK: Endeavour to Use WilHunter Rig for Rochelle Drilling
Business & Finance

UK: Endeavour to Use WilHunter Rig for Rochelle Drilling

Awilco Drilling PLC has signed a Letter of Intent (LOI) with Endeavour Energy UK Ltd for the provision of WilHunter for their Rochelle development program. The contract duration is estimated to be about 150 days with a contract value of approximately USD 37 million. The contract is expected to comme

about 15 years ago
Polarcus Signs Documentation for USD 410 Million Bank Loan Facility (U.A.E)
Business & Finance

Polarcus Signs Documentation for USD 410 Million Bank Loan Facility (U.A.E)

Polarcus Limited announces that the Company has signed the loan documentation for a bank loan facility of USD 410 million with DnB NOR Bank ASA and DVB Bank SE, Nordic Branch, together with Garanti-instituttet for Eksportkreditt (GIEK) and Eksportfinans ASA (the “Fleet Bank Facility”). The loan docu

about 15 years ago
UAE: Polarcus Gets Loan to Refinance Debt
Business & Finance

UAE: Polarcus Gets Loan to Refinance Debt

Polarcus Limited announces that the Company has signed the loan documentation for a bank loan facility of USD 410 million with DnB NOR Bank ASA and DVB Bank SE, Nordic Branch, together with Garanti-instituttet for Eksportkreditt (GIEK) and Eksportfinans ASA (the “Fleet Bank Facility”). The loan docu

about 15 years ago
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