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Business & Finance

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CorDEX Donates USD 244,000 Worth Subsea Equipment to University of Aberdeen (UK)
Business & Finance

CorDEX Donates USD 244,000 Worth Subsea Equipment to University of Aberdeen (UK)

CorDEX Instruments has forged a strategic partnership with the University of Aberdeen, investing £150,000 to provide intrinsically safe and explosion proof technologies for use in research. The deal will see CorDEX provide equipment and onsite training in the correct use of these groundbreaking oil

about 15 years ago
EU Wind Power Will Triple by 2020, According to EWEA (Belgium)
Business & Finance

EU Wind Power Will Triple by 2020, According to EWEA (Belgium)

The European Wind Energy Association (EWEA) today published its scenarios for onshore and offshore wind power deployment in the EU, ahead of the European Commission’s Energy Roadmap 2050, due to be published later this year. “Wind energy will more than triple its power output by 2020 with 194 billio

about 15 years ago
Norway: Rolls-Royce Bags USD 32.6 Million Order from Island Offshore
Business & Finance

Norway: Rolls-Royce Bags USD 32.6 Million Order from Island Offshore

Rolls-Royce, the global power systems company, has won a £20 million order to design and supply power and propulsion systems for two UT 776 CD supply vessels for Island Offshore. Island Offshore were the first to introduce the versatile UT 776 CD ship, which is designed to transport essential suppli

about 15 years ago
U.S. Coast Guard ROVs Improved With Smart Tether Navigation System
Business & Finance

U.S. Coast Guard ROVs Improved With Smart Tether Navigation System

KCF Technologies’ Smart Tether — a robust, ready-to-use technology that has revolutionized underwater navigation and positioning — is proud to have played an important role in helping VideoRay obtain a major contract by the Combating Terrorism Technical Support Office of the US Department of Defense

about 15 years ago
Norway: Marathon Oil Scores Discovery on Earb South
Business & Finance

Norway: Marathon Oil Scores Discovery on Earb South

Marathon Oil Norge AS has completed the drilling of wildcat well 25/10-11 testing the Earb South prospect in PL505. The well was drilled about 8 km southwest of the small 25/7-2 discovery and 40 km south of the Heimdal Field in the northern Norwegian North Sea. The well encountered three separate hy

about 15 years ago
The Netherlands: EECV Invests 20 Million Euros in Coal Terminal Expansion
Business & Finance

The Netherlands: EECV Invests 20 Million Euros in Coal Terminal Expansion

EECV is investing 20 million Euros in the expansion of the terminal in the Europoort for handling coal. This increases the storage capacity by around 50% and transhipment of coking coal can increase by a third. The expansion should be ready in 2013 and is a reaction to the reduction of coal extracti

about 15 years ago
UK: Petrobras to Splash USD 224.7 Billion on Investments Over 5 Years, CEO Says
Business & Finance

UK: Petrobras to Splash USD 224.7 Billion on Investments Over 5 Years, CEO Says

This Monday (Aug 1) Petrobras CEO, José Sergio Gabrielli de Azevedo, announced in London the company’s Business Plan for 2011-2015 to an audience of around 70 people, including investors, analysts and entrepreneurs. The plan foresees investments of US$ 224.7 billion for the period. Also taking part

about 15 years ago
OSX Brasil Announces Plan of Activities for 2011-2015
Business & Finance

OSX Brasil Announces Plan of Activities for 2011-2015

OSX Brasil S.A., a brazilian publicly held corporation focused on the supply of equipment and services to the offshore oil and gas industry, through integrated operations in shipbuilding, chartering of exploration and production (E&P) units, and operation and maintenance (O&M) services, informs of i

about 15 years ago
South Africa: SEACOM and Infinera Announce Successeful Trial of 1732 km Long Cable Network
Business & Finance

South Africa: SEACOM and Infinera Announce Successeful Trial of 1732 km Long Cable Network

SEACOM and Infinera Corp, a leading US-based digital optical networking equipment supplier, announced that they had achieved a global first by successfully trialling five 100 Gigabit per second (100 Gb/s) channels of coherent optical transmission over a distance of 1732 kilometres. The 500Gb/s trial

about 15 years ago
NYK Coal Carrier Shin-Sakaide Rescues Two French Sailors in Distress
Business & Finance

NYK Coal Carrier Shin-Sakaide Rescues Two French Sailors in Distress

On July 29, Shin-Sakaide, an NYK coal carrier, rescued two French sailors in a troubled small motorboat off the east coast of Australia. The Frenchmen requested rescue after the helm of their wooden motorboat broke. Shin-Sakaide was sailing from Matsuura, Nagasaki, to Newcastle, Australia, when the

about 15 years ago
Newport News Shipbuilding Redelivers USS Albany
Business & Finance

Newport News Shipbuilding Redelivers USS Albany

Huntington Ingalls Industries (NYSE:HII) today announced that the company’s Newport News Shipbuilding division has successfully redelivered the Los Angeles-class submarine USS Albany (SSN 753) to the U.S. Navy. The redelivery took place on July 29, one day earlier than originally planned, following

about 15 years ago
Germany: Prysmian Wins USD 284.2 Million Contract for HelWin2 Project
Business & Finance

Germany: Prysmian Wins USD 284.2 Million Contract for HelWin2 Project

Prysmian, world leader in the energy and telecommunications cables and systems industry, has been awarded a new major contract worth in excess of € 200 million by the Dutch-German grid operator TenneT for the connection project HelWin2, linking offshore wind farms in the North Sea to mainland German

about 15 years ago
UK: Hamworthy Strengthens Its Board
Business & Finance

UK: Hamworthy Strengthens Its Board

Hamworthy plc a world leader in the design and manufacture of innovative marine and offshore fluid handling systems, announced the appointment of Simon James Nicholls to the board as a non-executive director with effect from 1 September 2011. Mr Nicholls, aged 47, is currently Group Finance Director

about 15 years ago
Brazil: Petrobras Completes Drilling of Second Extension Well In Guara Area
Business & Finance

Brazil: Petrobras Completes Drilling of Second Extension Well In Guara Area

Petrobras announces that it has completed drilling of the second extension well in Guará area, 3-SPS-82A (3-BRSA-923A-SPS), located in the Santos Basin pre-salt. Informally known as Guará Sul (South Guará), the well was drilled 5.7 km south of wildcat discovery well (1-SPS-55). In a water depth of 2

about 15 years ago
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