BMT Group Ltd, the leading international maritime design, engineering and risk management consultancy, has been recognised for its outstanding achievements in generating sustainable growth and jobs by Europe’s 500, a non-profit organisation which promotes entrepreneurship. Former German Chancellor,
UPC will deliver a complete power and control package for four platform supply vessels. Two ships (P801) are under construction at ETP yard in Brazil, while two (PX121) are to be built at Ulstein Verft. Managing director, Gunnar H. Hide, and product manager power, Egil Rødskar, says that UPC has ove
Nord Stream has won the award for European mid-stream gas project of the year at this year’s Project Finance Awards ceremony. The awards recognise innovation, deal repeatability, best practice, problem solving, risk mitigation, value for money and speed of delivery in financing. Nord Stream was sing
Maersk Oil will keep its offshore Gryphon oil and gas installation shut for a considerable time after sustaining damage in a storm last week. The Gryphon Floating Production Storage and Offloading (FPSO) vessel is stable, all wells have been closed in and no oil spill has been seen. Work is continui
EMGS, the Norwegian based marine EM market leader, announces fourth quarter results 2010: Highlights in the fourth quarter 2010: •Total revenues at USD 27.2 million for the quarter •Negative EBITDA of USD 2.4 million •Shetland survey awarded by Total E&P UK and DONG Energy •Steady stream of contract
Following the success of the shallow-water real-time imaging sonar, Gemini 720i, Tritech has launched a deep-rated version of the popular sonar, Gemini 720id. Available now in 300m and 4000m versions, Gemini is a forward-looking sonar which utilises an array of transducers to provide a 120º field of
Bergen Group announced a strong boost in the group’s order book during Q4 2010. At the same time, the profit margin is considerably improved compared with the previous quarter. “The general outlook for the group’s market areas are considered positive in both short and long term”, says CEO Pål Engebr
Fairstar Heavy Transport NV (FAIR) announced today an EBITDA loss of USD 2.7 million for the Fourth Quarter of 2010. Fleet utilization of FJORD and FJELL for the quarter was 32%, the lowest level ever experienced by Fairstar since the FJORD and FJELL went into service in 2008 and 2009 respectively.
Wärtsilä’s Board of Directors has appointed Mr Björn Rosengren M.Sc. (Tech.), born 1959, as the new President and CEO of Wärtsilä Corporation. He will assume the position on 1 September 2011, succeeding Mr Ole Johansson, who will retire. Currently Mr Rosengren works as Senior Executive Vice Presiden
Transocean Ltd. announced that its high-specification semisubmersible rig Transocean Leader has been awarded a three-year contract by a subsidiary of Statoil ASA for operations in Norway. The contract, which has a one-year extension option, is expected to commence in direct continuation of the rig’s
Polarcus Limited announced that the official steel cutting ceremony of newbuild NB292 took place on 07 February 2011. Vessel NB292 is the first of two newbuilds ordered from Ulstein Verft AS of Norway and announced by Polarcus on 18 November 2010. The vessels are being built to the ULSTEIN SX134 des
Safety regulators from all over the world will be meeting in Stavanger this autumn to review follow-up activities in the wake of the Deepwater Horizon disaster. The International Regulators’ Forum (IRF) conference in Vancouver last autumn resolved to hold an extraordinary session during 2011 to upda
Bergen Group Dreggen AS, a subsidiary of Bergen Group ASA, has been awarded a new contract for the delivery of two large crane units to a European customer. Total order value is NOK 35-40 million, and the delivery is expected to be completed in Q3 2011. These orders confirm a strong international po
Mechanical engineering group EnerMech has been awarded a five year contract to provide a range of crane services for TOTAL E&P UK Limited. The contract is worth an estimated £10 million and covers the Elgin, Franklin, Alwyn and Dunbar platforms in the North Sea and TOTAL’s onshore crane requirements
