DeepFlex, Inc., the world’s only manufacturer of premium all-composite flexible pipe used in challenging subsea oil and gas production environments, announced today that it has closed a significant funding agreement and completed a recapitalization to simplify its capital structure. AEM Capital of R
Deepwater drilling and performance improvement specialist Exceed is exhibiting for the first time at Offshore Europe’s Deepwater Zone (Stand 6C27) following a record year for the business. The Aberdeen-based company surpassed targets to turn over £5.2million ($8.5million) in 2010/11 and has taken on
Ocean Power Technologies, Inc. a leading wave energy technology company, announces that it will be participating in the Rodman & Renshaw Annual Global Investment Conference on September 12, 2011. The conference will take place at the Waldorf Astoria Hotel in New York City. Charles F. Dunleavy, Chief
The Board of Directors of PST Management Pte. Ltd. (“PSTM”), as Trustee-Manager of Pacific Shipping Trust (“PST”), announced that PST has taken delivery of its 180,000 DWT capesize bulk carrier, M/V Shagang Hongfa, from Hyundai Heavy Industries Co., Ltd., on 5 September 2011. About Pacific Shipping
Schlumberger announced today at the Offshore Europe 2011 Oil and Gas Conference and Exhibition the release of the FORTRESS* isolation valve. The FORTRESS valve simplifies the transition from upper completion to production without the need for intervention. “The FORTRESS isolation valve was designed
Following the successful construction and pre-commissioning completion (including pressure testing, cleaning, drying, filling with nitrogen in order to eliminate any oxygen), Nord Stream has moved to a new milestone. On 6 September, Nord Stream will start filling the first line with the so-called bu
KfW IPEX-Bank is financing the construction of the first completely gas-powered and thereby low-emission ship in Germany. The 15,600 cubic metre LNG tanker will be used to decentrally supply Liquefied Natural Gas to energy intensive industries and LNG tank facilities in the North Sea and Baltic Sea
Schlumberger announced today at the Offshore Europe 2011 Oil and Gas Conference and Exhibition the release of the FORTRESS* isolation valve. The FORTRESS valve simplifies the transition from upper completion to production without the need for intervention. “The FORTRESS isolation valve was designed
Havyard Group AS has this summer started a new training programme where 10 youths will be working alongside Havyard staff for two weeks. This introduction programme has been introduced in order for the youngsters to learn more about the company and the shipbuilding industry. The 10 youths are from t
On behalf of its co-venturers BP announces an agreement to invest up to £700 million (USD 1.128 billion) to progress a project to develop the Kinnoull reservoir in the central North Sea. Kinnoull is the largest of three reservoirs that are being developed as part of the Andrew Area developments proj
The Ferguson Group, specialists in the rental of containers, accommodation modules and engineering modules to the offshore energy industry around the world, is expanding its international presence in response to customer demand for its products. Over the coming months, a new base will open in Dubai,
Rolls-Royce, the global power systems company, has won an order from Norwegian ship builder Simek AS to design and equip a UT755 LC platform supply vessel. The contract includes a fully integrated Rolls-Royce power and propulsion system including main engines, propellers and tunnel thrusters. Deck m
In 2010 Amarcon’s OCTOPUS-DP Capability forecast for efficient offshore DP operations was brought to the market. The OCTOPUS-DP functionality gives offshore vessels the possibility to make optimum use of a safe time window for their weather-sensitive operations. The first installation of the OCTOPUS
Port Authority of Jamaica president Noel Hylton has confirmed to Fairplay that Kingston plans to raise its capacity from 3.2M to 5.2M teu… (caribbeanshipping) [mappress] Source: caribbeanshipping, September 6, 2011;
