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Business & Finance

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Vietnam: Hyundai Vinashin Shipyard Begins New Shipbuilding Business
Business & Finance

Vietnam: Hyundai Vinashin Shipyard Begins New Shipbuilding Business

Hyundai Vinashin Shipyard (HVS) started its new shipbuilding business with the keel-laying of a 56.000 DWTbulk carrier on March 15. Repairing ships along with building new ones since 2008. the company made the full shift from ship repairs to shipbuilding this year. With the help of Hyundai Mipo for

about 15 years ago
Chevron Australia Accepts Delivery of Atwood Osprey Drilling Rig
Business & Finance

Chevron Australia Accepts Delivery of Atwood Osprey Drilling Rig

Chevron Australia Pty Ltd today announced it had accepted delivery of the newly constructed Atwood Osprey Semi-submersible drilling rig which would begin development drilling operations offshore northwest Australia. The Atwood Osprey is a 6th Generation Ultra-deepwater Semi-submersible rig able to c

about 15 years ago
New Zealand: ENL Wins Innovation Award for WASSP Multibeam Sonar
Business & Finance

New Zealand: ENL Wins Innovation Award for WASSP Multibeam Sonar

New Zealand marine electronics company, Electronic Navigation Ltd (ENL) has won an award at the New Zealand Boat Show for their WASSP Multibeam Sonar. The Wide Angle Sonar Seafloor Profiler (WASSP) was chosen amongst a number of finalists as the winner of the Most Innovative International Product Aw

about 15 years ago
Norway: North Atlantic Drilling Receives LOI for West Alpha Rig
Business & Finance

Norway: North Atlantic Drilling Receives LOI for West Alpha Rig

North Atlantic Drilling Ltd., in which Seadrill has a 75 percent ownership, has received a letter of award for the semi-submersible drilling rig West Alpha for operations on the Norwegian Continental Shelf. The letter of award covers a two-well commitment in the Balder field, with an estimated firm

about 15 years ago
New Zealand: WASSP Multibeam Sonar Wins Innovation Award
Business & Finance

New Zealand: WASSP Multibeam Sonar Wins Innovation Award

New Zealand marine electronics company, Electronic Navigation Ltd (ENL) has won an award at the New Zealand Boat Show over the weekend for their WASSP Multibeam Sonar. The Wide Angle Sonar Seafloor Profiler (WASSP) was chosen amongst a number of finalists as the winner of the Most Innovative Interna

about 15 years ago
Belgium: Ackermans & van Haaren Announces Results for First Quarter 2011
Business & Finance

Belgium: Ackermans & van Haaren Announces Results for First Quarter 2011

CONTRACTING, DREDGING AND CONCESSIONS DEME (AvH 50%) had a continuous high level of activity in the first quarter 2011, driven by a nearly… More info: AvH [mappress] Source: AvH, May 18, 2011;

about 15 years ago
BG Group Signs Production Sharing Contracts for Two Blocks Offshore Kenya
Business & Finance

BG Group Signs Production Sharing Contracts for Two Blocks Offshore Kenya

BG Group announced that it has signed Production Sharing Contracts with the Government of Kenya for two offshore exploration blocks – L10A and L10B. BG Group will be operator on both blocks and will hold a 40% equity interest in block L10A and a 45% interest in block L10B. The initial work programme

about 15 years ago
BG Group Signs PSC for Two Blocks Offshore Kenya
Business & Finance

BG Group Signs PSC for Two Blocks Offshore Kenya

BG Group announced today that it has signed Production Sharing Contracts with the Government of Kenya for two offshore exploration blocks – L10A and L10B. BG Group will be operator on both blocks and will hold a 40% equity interest in block L10A and a 45% interest in block L10B. The initial work pro

about 15 years ago
UK: Caley Ocean Systems Introduces 400 Tonne Modular Turntable Spooler
Business & Finance

UK: Caley Ocean Systems Introduces 400 Tonne Modular Turntable Spooler

Offshore handling equipment specialist, Caley Ocean Systems Ltd has designed and built what is believed to be the most adaptable offshore… Source: SubseaUK [mappress] Source: Subsea UK, May 17, 2011;

about 15 years ago
Eni and MEO Australia Sign Agreement on Heron and Blackwood Gas Discoveries in Timor Sea
Business & Finance

Eni and MEO Australia Sign Agreement on Heron and Blackwood Gas Discoveries in Timor Sea

Eni has signed an agreement with MEO Australia Limited to farm-in to the Heron and Blackwood gas discoveries in the permit NT/P68 in the Timor Sea, northern Australia. The agreement involves Eni earning 50% in the Heron gas discovery by funding the drilling of two wells in the Heron Area. Eni may wi

about 15 years ago
USA: ANSYS Software Speeds Up Cognity’s Offshore Drilling Project
Business & Finance

USA: ANSYS Software Speeds Up Cognity’s Offshore Drilling Project

Cognity, an Aberdeen, Scotland-based design consultancy, has completed an offshore oil drilling project 75 percent faster and more cost effectively than conventional design methods would allow, using simulation software from ANSYS. The project involved a design for conductor casing, the pipe that is

about 15 years ago
Italy: Lusben Company Launches Latest Boat in Tradition 105’ Series
Business & Finance

Italy: Lusben Company Launches Latest Boat in Tradition 105’ Series

This past May 12th saw the technical launch of the very latest boat in the Tradition 105’ series, an event held on the grounds of the Azimut-Benetti Group’s Lusben company, located adjacent to the Benetti boatyard’s headquarters. Coming in at over 31 metres, the yacht is part of the Benetti Class Ra

about 15 years ago
Eni Enters Farm in Deal with MEO Australia for Heron and Blackwood Gas Discoveries
Business & Finance

Eni Enters Farm in Deal with MEO Australia for Heron and Blackwood Gas Discoveries

Eni has signed an agreement with MEO Australia Limited to farm-in to the Heron and Blackwood gas discoveries in the permit NT/P68 in the Timor Sea, northern Australia. The agreement involves Eni earning 50% in the Heron gas discovery by funding the drilling of two wells in the Heron Area. Eni may wi

about 15 years ago
Trinidad: OTSL Orders Saab Seaeye Panther XT Plus Electric Work ROV
Business & Finance

Trinidad: OTSL Orders Saab Seaeye Panther XT Plus Electric Work ROV

Trinidad-based Offshore Technology Solutions Limited (OTSL) has ordered the new top selling Saab Seaeye Panther XT Plus electric work ROV. With ten powerful thrusters, 50% more power and swimming 30% faster than any other electric work ROV of its class, OTSL say the Panther XT Plus will greatly exte

about 15 years ago
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