The construction of 15 new river-sea tankers under RST27 project (capacity – up to 6.9 thousand of tons) was launched at the Krasnoe Sormovo plant (Nizhniy Novgorod, Russia). The customer of new vessels is Volgo-Balt-Tanker, LLC, the subsidiary of holding’s company B.F. Tanker. Five new tankers are
A contract for mooring equipment for a pipelaying barge marks Cargotec’s successful entry to the Vietnamese offshore market. In July this year, Cargotec won a contract from the joint stock company Vinh Nam (VAM JSC)/TECMACH to supply mooring equipment outfits for Vietsovpetro’s 110m-long by 30.5m-br
Nautilus Minerals Inc has received gross proceeds of C$70.5 million from the issue of the first tranche of shares forming part of the recently announced private placement. A total of 27,987,853 shares were issued today in the first tranche at an issue price of C$2.52 per share. The shares formed par
JDR, the leading provider of specialist high performance subsea cables and umbilical systems for the offshore oil, gas and renewables market announces that Andrew J. Norman will join the company as Chief Executive Officer on 19 September 2011. Andrew joins from Dresser Flow Technology Europe, where
Total announces a major gas discovery in the Caspian Sea in the Absheron block offshore Azerbaijan. The Absheron X-2 well has encountered more than 500 feet of cumulated net gas pays within high quality sands on the northern flank of a major 270 square kilometres structure. Reservoirs are expected t
DeepOcean AS has been awarded a 1 year option by Statoil for the vessel Edda Flora under the existing frame agreement for Inspection, Maintenance and Repair (IMR) the company holds with Statoil. Edda Flora is now committed until 1st December, 2012. The award represents a significant addition to Deep
Tidal Energy Limited announces that Converteam UK Ltd has been awarded the contract for the design, manufacture and supply of the electrical power generation and conversion equipment forming part of the demonstration DeltaStream device. The contractor’s scope of work will include the design and supp
STX Finland Oy and Eide Marine Semi AS, a subsidiary of Eide Marine Services A/S, have signed a contract for the outfitting, completion and delivery of two highly sophisticated well intervention vessels with an aggregate contract value exceeding EUR 300 million. The technically advanced well interve
Baker Hughes Incorporated announced today that the international rig count for August 2011 was 1,183, up 33 from the 1,150 counted in July 2011, and up 81 from the 1,102 counted in August 2010. The international offshore rig count for August 2011 was 318, up 11 from the 307 counted in July 2011 and
STX Finland Oy and Eide Marine Semi AS, a subsidiary of Eide Marine Services A/S, have signed a contract for the outfitting, completion and delivery of two highly sophisticated well intervention vessels with an aggregate contract value exceeding EUR 300 million. The technically advanced well interve
STX Finland Oy and Eide Marine Semi AS, a subsidiary of Eide Marine Services A/S, have signed a contract for the outfitting, completion and delivery of two highly sophisticated well intervention vessels with an aggregate contract value exceeding EUR 300 million. The technically advanced well interve
Tullow Oil plc (Tullow) announces that the Zaedyus exploration well (GM-ES-1), offshore French Guiana, has made an oil discovery having encountered 72 metres of net oil pay in two turbidite fans. Results of drilling, wireline logs and samples of reservoir fluids show that the well has encountered go
U.S. Energy Secretary Steven Chu today announced $43 million over the next five years to speed technical innovations, lower costs, and shorten the timeline for deploying offshore wind energy systems. The 41 projects across 20 states will advance wind turbine design tools and hardware, improve inform
U.S. Energy Secretary Steven Chu today announced $43 million over the next five years to speed technical innovations, lower costs, and shorten the timeline for deploying offshore wind energy systems. The 41 projects across 20 states will advance wind turbine design tools and hardware, improve inform
