Scorpio Tankers Inc. announced on friday September 29, that it has signed a committed term sheet for a $92.0 million credit facility (“2011 Newbuilding Credit Facility”) with Credit Agricole Corporate and Investment Bank and Skandinaviska Enskilda Banken AB to partially finance four of the five newb
Less than two months after unveiling its new headquarters at Great Yarmouth, CLS Offshore has launched its engineering department and announced 28% growth in its annual turnover. The oil, gas and renewable energy services company has created 12 new jobs – eight of them engineers – and seen a steady
– The Supervisory Board of Linde AG has appointed Thomas Blades (55) as a new member of the Executive Board. Blades succeeds J. Kent Masters (51), who steps down today from the Linde AG Executive Board. Blades will assume his position by 1 April 2012 at the latest. Blades’ most recent role was as CE
The Standing Committee on Business and Industry from the Norwegian Parliament (Stortinget) visited OSM in Arendal 29 September. The responsibilities of the committee are matters relating to business, industry, trade and shipping. The members toured this part of the country to get first hand knowledg
Commenting on 2010 renewables output figures from the Department of Energy and Climate Change, Niall Stuart, Chief Executive of Scottish Renewables, said: “The figures show that even in an exceptionally dry and calm year, renewables still met over 30 per cent of the annual demand for electricity fro
Commenting on 2010 renewables output figures from the Department of Energy and Climate Change, Niall Stuart, Chief Executive of Scottish Renewables, said: “The figures show that even in an exceptionally dry and calm year, renewables still met over 30 per cent of the annual demand for electricity fro
Deep Down, Inc. , an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services, today announced it has been awarded two LSFL (Loose Steel tube Flying Lead) orders worth in excess of $3 million. One order was placed by a major
Nordic Yards, manufacturer of technologically sophisticated, innovative special ships and maritime structures, is today handing over the special Arctic tanker “Nordic AT 19” on time to the Russian mining group Norilsk Nickel in Wismar after a construction time of around 15 months. The christening of
Deep Down, Inc. an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services, today announced it has been awarded two LSFL (Loose Steel tube Flying Lead) orders worth in excess of $3 million. One order was placed by a major co
Under the charter contract with Centrica Energy Upstream, the charter is automatically extended by six months unless notice is given six months prior to the expiration of the contracted period. The expiration of the currently contracted period was March 28, 2012, and the charter for FPSO Sevan Hummi
The Underwater Centre has picked up a top award at the inaugural Energy North Awards Ceremony held in Inverness, Thursday, September 29). The Centre triumphed in the Best Oil and Gas Industry Service Supplier category. The Best Oil and Gas Industry Service Supplier recognises those companies that ar
The Underwater Centre has picked up a top award at the inaugural Energy North Awards Ceremony held in Inverness, Thursday, September 29). The Centre triumphed in the Best Oil and Gas Industry Service Supplier category. The Best Oil and Gas Industry Service Supplier recognises those companies that ar
NOL Group said today it has completed the transition to a new CEO and that Ng Yat Chung will take the helm of the global transport and logistics company 1 Oct. Mr. Ng, an NOL Executive Director since May, will succeed Ron Widdows who retires from the company 31 Dec. “We have completed the […]
NEC Corporation announced today the successful completion of a multi-million-dollar contract with a purchasing consortium of 14 major telecom operators in the Asia Pacific region for the world’s first 40Gb/s dense wavelength division multiplexing (DWDM) capacity upgrade to an existing large scale su
