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Business & Finance

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USA: EXMAR Delivers OPTI-EX Floating Production System to LLOG
Business & Finance

USA: EXMAR Delivers OPTI-EX Floating Production System to LLOG

EXMAR announces that the OPTI-EX® floating production system has been successfully delivered to LLOG Deepwater Development Company on July 5th, at Mississippi Canyon 547 in the Gulf of Mexico. Mooring and installation of the OPTI-EX® will follow. Processing capacity of the OPTIEX® is 60,000 BOPD and

about 15 years ago
USA: VSD, LLC and Zamil Group Sign Memorandum of Understanding
Business & Finance

USA: VSD, LLC and Zamil Group Sign Memorandum of Understanding

VSD, LLC (VSD) signed a Memorandum of Understanding (MOU) June 29 with The Zamil Group (Zamil) of Riyadh, Saudi Arabia to facilitate an international business relationship focused on establishing a National Maritime Training Center in the Kingdom of Saudi Arabia. The MOU was signed by Dr. Abdulrahma

about 15 years ago
China: COSL720 Successfully Completes It’s First Seismic Data Collection
Business & Finance

China: COSL720 Successfully Completes It’s First Seismic Data Collection

COSL720, a newly-built 12-streamer seismic vessel owned by China Oilfield Services Limited (“COSL”), has successfully completed a 3D seismic data collection operation in Li Wan 43-11 region in South China Sea, marking completion of its first operation since commencing service. This operation was com

about 15 years ago
China: COSL720 Successfully Completes It’s First Seismic Data Aquisition
Business & Finance

China: COSL720 Successfully Completes It’s First Seismic Data Aquisition

COSL720, a newly-built 12-streamer seismic vessel owned by China Oilfield Services Limited (“COSL”), has successfully completed a 3D seismic data collection operation in Li Wan 43-11 region in South China Sea, marking completion of its first operation since commencing service. This operation was com

about 15 years ago
Norway: Aibel Installs Winches for Pull-in of Risers on Statoil’s Gullfaks C Platform
Business & Finance

Norway: Aibel Installs Winches for Pull-in of Risers on Statoil’s Gullfaks C Platform

Aibel is installing two winches for pull-in of risers on the Gullfaks C platform for Statoil. The assignment is awarded as a contract amendment. The estimated value is NOK 100 million. The winches will be used in the work with replacing the existing pipeline between Gullfaks C and Tordis, which is a

about 15 years ago
The Netherlands: Alewijnse to Convert Atlantic Labrador into Offshore Hotel Accomodation
Business & Finance

The Netherlands: Alewijnse to Convert Atlantic Labrador into Offshore Hotel Accomodation

Alewijnse Marine Systems is playing a significant role in the conversion of the jack-up drill rig Atlantic Labrador to offshore hotel accommodation. Built back in 1983, the rig arrived at Scheldepoort Repair & Conversion Yard in Vlissingen on June 26 and the refit will take a few months. This major

about 15 years ago
USA: GE Receives USD 45 Million Contract for Supply of TLP Tensioner System to Chevron
Business & Finance

USA: GE Receives USD 45 Million Contract for Supply of TLP Tensioner System to Chevron

GE Oil & Gas’ Drilling & Production business has received a contract of approximately $45 million to supply and service the industry’s largest tension leg platform (TLP) marine riser Tensioner Systems to Chevron for deployment in its Big Foot oil and gas field in the deepwater Gulf of Mexico. A TLP

about 15 years ago
Norway: Aibel Installs Winches for Pull-in of Risers on Statoil’s Gullfaks C Platform
Business & Finance

Norway: Aibel Installs Winches for Pull-in of Risers on Statoil’s Gullfaks C Platform

Aibel is installing two winches for pull-in of risers on the Gullfaks C platform for Statoil. The assignment is awarded as a contract amendment. The estimated value is NOK 100 million. The winches will be used in the work with replacing the existing pipeline between Gullfaks C and Tordis, which is a

about 15 years ago
China: COSL720 Successfully Completes It’s First Seismic Data Collection
Business & Finance

China: COSL720 Successfully Completes It’s First Seismic Data Collection

COSL720, a newly-built 12-streamer seismic vessel owned by China Oilfield Services Limited (“COSL”), has successfully completed a 3D seismic data collection operation in Li Wan 43-11 region in South China Sea, marking completion of its first operation since commencing service. This operation was com

about 15 years ago
Saudi Arabia: Eni Pays Insituform USD 48.4 Million for Offshore Robotic Coating Project
Business & Finance

Saudi Arabia: Eni Pays Insituform USD 48.4 Million for Offshore Robotic Coating Project

Insituform Technologies, Inc. announced that its subsidiary, CRTS, Inc., has been awarded a $48.4 million contract from Snamprogetti Saudi Arabia Ltd., a subsidiary of Eni S.p.A., to provide robotic coating of internal field joints for Saudi Aramco offshore pipelines that will transport natural gas

about 15 years ago
Crown Estate Announces Record Profit of USD 369.1 Million (UK)
Business & Finance

Crown Estate Announces Record Profit of USD 369.1 Million (UK)

The Crown Estate earned a net profit (income surplus) of £230.9 million in the year ending 31 March 2011, up 9.6 per cent on the previous year. This marks a record return for the business, which pays its profit to the Treasury for the benefit of the nation’s finances. For the first time The [&hellip

about 15 years ago
Greece: Excel Maritime Enters into Period Charter Fixtures for Another Two Vessels
Business & Finance

Greece: Excel Maritime Enters into Period Charter Fixtures for Another Two Vessels

Yestreday Excel Maritime Carriers Ltd, an owner and operator of dry bulk carriersand an international provider of worldwide seaborne transportation services for dry bulkcargoes, announced it has entered into period charter fixtures for yet another two vessels in its Kamsarmax/ Panamax fleet. Namely,

about 15 years ago
China: Jinhai Heavy Industry Lands 26 Containerships Order
Business & Finance

China: Jinhai Heavy Industry Lands 26 Containerships Order

China-based private shipbuilder Jinhai Heavy Industries has won its first containership order from UK-based Graig Shipping to build 26 units… (SeatradeAsia) [mappress] Source: Seatrade-asia, July 7, 2011;

about 15 years ago
Greece: Top Ships Inc Announces Sale of M/V ASTRALE Drybulk Vessel
Business & Finance

Greece: Top Ships Inc Announces Sale of M/V ASTRALE Drybulk Vessel

TOP Ships Inc. , an international maritime shipping company that provides transportation services for crude oil, petroleum products, and dry bulk commodities, announced today that it has entered into an agreement to sell the M/V ASTRALE, a 75,933 dwt Panamax drybulk vessel built in 2000. The vessel

about 15 years ago
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