News
CFO Leaves Heerema Fabrication Group
Dutch Heerema Fabrication Group (HFG) has announced that Arend Drenthe, Chief Financial Officer, and HFG have jointly decided to end their relationship with immediate effect. Arend Drenthe will continue his career outside the Heerema Group. “We want to thank Arend for his contribution to the company
GL Garrad Hassan Announces New Country Manager for India
Mr Dilip Kumar will take up the role of Country Manager for GL Garrad Hassan in India. India is the world’s third largest market for wind, with annual installations doubling over the last several years. The reintroduction of a government subsidy wind farms and low coast loans for clean energy produc
GL Garrad Hassan Announces New Country Manager for India
Mr Dilip Kumar will take up the role of Country Manager for GL Garrad Hassan in India. India is the world’s third largest market for wind, with annual installations doubling over the last several years. The reintroduction of a government subsidy wind farms and low coast loans for clean energy produc
Ocean Rig Records Net Loss in 4Q 2012
Ocean Rig, an international offshore drilling contractor, recorded a net loss of $71.0 million, or $0.54 basic and diluted loss per share, for the three-month period ended December 31, 2012, as compared to a net income of $36.5 million, or $0.28 basic and diluted earnings per share, for the three-mo
Anholt OWF: Ripple Effect among Suppliers (Denmark)
The construction of Anholt Offshore Wind Farm has a ripple effect among the suppliers – and not least the local suppliers. Already before the Anholt project was launched in Grenaa in 2010, activists in the local area decided – supported by visionary local business development politics – to establish
Lukoil Reports Record Net Income for 2012 (Russia)
LUKOIL, Russia’s largest privately-owned oil company has published consolidated US GAAP financial statements for 2012. The Company, lead by the billionaire Vagit Alekperov, said its 2012 net income rose by 6.2% and reached record $11,004 million. EBITDA (earnings before interest, taxation, depreciat
‘Normand Commander’ Stays with Technip for Another Year
Global Industries Offshore L.L.C., a company owned by Technip, has exercised their option to extend the contract for the construction vessel “Normand Commander” with one year from June 2013. Technip has an option to extend the contract with further 2 x 1 year option after the expiry of the firm cont
Shell Awards Umbilical Installation Job to Ocean Installer (UK)
Shell U.K. Ltd. has awarded Ocean Installer a contract for umbilical installation at the Bittern field in the UK sector of the North Sea. The scope of the work is to install two new static umbilicals of 20.7 km and 1.8 km. This includes pre-lay engineering, survey and confirmation of all routes and
A2SEA’s New Turbine Installation Vessel, Sea Installer Arrives in Grenaa (Denmark)
On exactly the same day as Swiber Else Marie left the area after a job well done, the next and just as remarkable vessel was preparing for work. Figuratively, all the stops were pulled out when the shipping company, A2SEA, presented its bespoke turbine installation vessel, Sea Installer, in Grenaa o
The Netherlands: Damen Delivers Shoalbuster 3209 to Acta Marine
Lady sponsor Annemie van der Ven- Scheeren, who named the ‘Coastal Voyager’ of Acta Marine in Amsterdam (The Netherlands) on 28th February, has not taken her task lightly. The spouse of the Chairman of the Supervisory Board of Acta Marine not only wished vessel and crew well, but also held a marvell
TGS Starts Barents Sea Seismic Surveys
TGS will start the Europe 2013 acquisition season with two 3D multi-client surveys in the Norwegian Barents Sea; Finnmark Platform 2013 (FP13) covering 3,500 km2 and the Hoop to Fingerdjupet 2013 (HF13) covering 8,600 km2. Both 3D seismic surveys cover areas of complex geology and are designed to ad
Repsol, Alliance Oil Start Gas Production in Russia
Repsol and Alliance Oil have begun commercial gas production from the Syskonsyninskoye (SK) field in the Khanty-Mansiysk region of Russia, marking the first success of the A&R Oil and Gaz BV (AROG) joint venture created to explore for and produce hydrocarbons in Russia. Initial daily gas production
PM Says Finland Looking to Import Qatari LNG
Prime Minister of Finland, Jyrki Katainen, said that the country is looking to import liquefied natural gas from Qatar. Katainen paid a visit to Doha to discuss the issue with Qatari government officials. According to the Gulf Times, Finnish Gasum intends to build an LNG terminal that will serve as
Law on Sea Ports – Opportunities for Ukrainian Ports
The long-awaited Law on Sea Ports, which will enter into force in June 2013, has largely satisfied the expectations of industry players. The law’s reforms to the port industry are now ready to be launched, and these reforms will greatly influence all market participants, including cargo terminals, s