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Business & Finance

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Belgium: Marlink Secures Contract with Simon Mokster Shipping
Business & Finance

Belgium: Marlink Secures Contract with Simon Mokster Shipping

Marlink, the largest provider of maritime satellite communications, has recently extended its contract with offshore vessel operator Simon Møkster Shipping AS for a further 5 years. As part of the latest agreement, Marlink will continue the provision of its Sealink™ VSAT services aboard 18 existing

about 15 years ago
Deepwater SunStation System Successfully Completes its First Test (USA)
Business & Finance

Deepwater SunStation System Successfully Completes its First Test (USA)

The first ever deployment of a SunStation CP critical monitoring system pre-installed onto a subsea tree was successfully interrogated last month by an Oceaneering Millennium ROV. The unit displays the cathodic protection potentials from permanent reference electrodes installed at two critical locat

about 15 years ago
UK: A&P Completes Subsea Structure for Offshore Oil & Gas Field
Business & Finance

UK: A&P Completes Subsea Structure for Offshore Oil & Gas Field

A&P TYNE is building on its success in a new business sector with the completion of yet another subsea structure for an offshore oil and gas field. The Mid Water Arch – used to support control cables as they rise from the seabed to the surface – left the ship repair and fabrication yard at […

about 15 years ago
USA: JMS Presents First Super-Cavitating Craft GHOST to Public
Business & Finance

USA: JMS Presents First Super-Cavitating Craft GHOST to Public

Juliet Marine Systems, Inc. announced today that the US Navy/USPTO have removed Secrecy Orders previously applied to GHOST. For the first time, Juliet Marine is able to release photographs of GHOST, the first super-cavitating craft, to the public. GHOST was designed and built by US Citizens for the

about 15 years ago
Noreco Sells its South Arne Stake to Hess Denmark
Business & Finance

Noreco Sells its South Arne Stake to Hess Denmark

Norwegian Energy Company ASA (Noreco) has entered an agreement to sell its interests in the South Arne oil field in Denmark to Hess Denmark ApS for a consideration of USD 200 million. Noreco expects to record a profit of approximately USD 50 million after tax from the transaction. “An important part

about 15 years ago
India: FBAOL Signs Seven Year Contract for FPSO Chartering
Business & Finance

India: FBAOL Signs Seven Year Contract for FPSO Chartering

Bumi Armada Berhad’s joint venture company, Forbes Bumi Armada Offshore Limited (FBAOL), signed a seven year fixed term time charter (TC) with Oil and Natural Gas Corporation Limited (ONCC) for the provision of a Floating, Production, Storage and Off- loading vessel (FPSO) which will be located in t

about 15 years ago
UK: Hamworthy Launches Training Academy
Business & Finance

UK: Hamworthy Launches Training Academy

The service, Hamworthy Academy, includes a range of courses which are designed to provide training for the company’s equipment and comprise e-based learning packages backed up by a significant investment in hands-on facilities. Hands-on training is currently available from Hamworthy’s Norway-based f

about 15 years ago
Polarcus Inks Five Year BBCP Agreement with Russian OAO Sovcomflot
Business & Finance

Polarcus Inks Five Year BBCP Agreement with Russian OAO Sovcomflot

Polarcus Limited announces that the Company has signed a five year Bareboat Charter Party Agreement (BBCP) with OAO Sovcomflot (SCF) of Russia. Under the terms of the BBCP Sovcomflot will charter POLARCUS SELMA, inclusive of an 8 streamer seismic equipment package, from Polarcus at a rate of USD 69,

about 15 years ago
India: FBAOL Pens Seven Year Contract for FPSO Chartering
Business & Finance

India: FBAOL Pens Seven Year Contract for FPSO Chartering

Bumi Armada Berhad’s joint venture company, Forbes Bumi Armada Offshore Limited (FBAOL), signed a seven year fixed term time charter (TC) with Oil and Natural Gas Corporation Limited (ONCC) for the provision of a Floating, Production, Storage and Off- loading vessel (FPSO) which will be located in t

about 15 years ago
Polarcus Inks BBCP Agreement with Russian Sovcomflot
Business & Finance

Polarcus Inks BBCP Agreement with Russian Sovcomflot

Polarcus Limited announces that the Company has signed a five year Bareboat Charter Party Agreement (BBCP) with OAO Sovcomflot (SCF) of Russia. Under the terms of the BBCP Sovcomflot will charter POLARCUS SELMA, inclusive of an 8 streamer seismic equipment package, from Polarcus at a rate of USD 69,

about 15 years ago
Scotland: Tidal Energy Turbine Off Orkney Coast Starts Generating Power
Business & Finance

Scotland: Tidal Energy Turbine Off Orkney Coast Starts Generating Power

SCOTLAND’S first commercial-scale tidal turbine has been connected to the electricity grid off the Orkney coast and begun generating power… (scotsman) [mappress] Source: scotsman, August 11, 2011;

about 15 years ago
Pacific Drilling Says Pacific Bora Starts Operations Offshore Nigeria
Business & Finance

Pacific Drilling Says Pacific Bora Starts Operations Offshore Nigeria

Pacific Drilling S.A. announced today that its ultra-deepwater drillship the Pacific Bora commenced operations at the Agbami Field in Nigeria on August 10, 2011. The rig is contracted for three years to a wholly owned Chevron subsidiary. The Pacific Bora is capable of operating in water depths of up

about 15 years ago
Polarcus Inks Five Year BBCP Agreement with Russian OAO Sovcomflot
Business & Finance

Polarcus Inks Five Year BBCP Agreement with Russian OAO Sovcomflot

Polarcus Limited announces that the Company has signed a five year Bareboat Charter Party Agreement (BBCP) with OAO Sovcomflot (SCF) of Russia. Under the terms of the BBCP Sovcomflot will charter POLARCUS SELMA, inclusive of an 8 streamer seismic equipment package, from Polarcus at a rate of USD 69,

about 15 years ago
Malaysia: SapuraCrest to Acquire Clough Marine Construction Assets for USD 132 Million
Business & Finance

Malaysia: SapuraCrest to Acquire Clough Marine Construction Assets for USD 132 Million

SapuraCrest Petroleum Berhad Monday signed a conditional agreement to acquire Clough Limited’s marine construction and offshore engineering operations in Australia, UK and US for a cash consideration of AU$127 million The agreement was signed in Perth, Australia, by SapuraCrest Executive Vice-Chairm

about 15 years ago
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