News
DeepOcean Secures €125 Million Loan
DeepOcean Group has announced it has secured a new €125 million (USD 163 Mln) senior credit facility. The agreement consists of a €95 million senior secured revolving credit facility including an ancillary feature for performance guarantees and a €30 million senior secured term loan facility. Both t
Qatar No Longer in Talks to Buy Stake in Yamal LNG Project
Qatar is not anymore in negotiations to buy a stake in Novatek’s Yamal LNG project, Ahmed Abdulqader al-Ahmed, QPI’s executive upstream director said. “At QPI we look at opportunities on a case-by-case basis. Yamal was one of those opportunities,” Reuters cited QPI’s upstream director as saying. He
Terra at Aqua: Erosion Behaviour of Draghead
A draghead known as “the pilferer”, based on the principle of erosion, was invented by DEME dredging company. Using the concept of van Rhee (2010) the erosion behaviour of this particular draghead was investigated. The erosion rates created by the flow velocity along the seabed are calculated using
Denmark: Dong Energy to Quadruple Installed Offshore Wind Capacity
DONG Energy published the company’s 2020 strategy. Here is the short version. At the same time as DONG Energy announced its annual accounts for 2012, the strategy for 2020 was disclosed. DONG Energy has set clear ambitions for four focal areas. DONG Energy will: 1. Quadruple installed offshore wind
VIDEO: Ulstein Delivers ‘Blue Power’ PSV (Norway)
Norway’s Ulstein Verft delivered ‘Blue Power’, the third of six medium-sized platform supply vessels (PSV) of PX121 design from ULSTEIN® to Blue Ship Invest, on 6 March 2013. “The great efforts of all those involved and the experience we gained from the construction of the first two vessels in this
VIDEO: Animation of Rampion Offshore Wind Farm
An application for the Rampion Offshore Wind Farm project has been resubmitted by E.ON to the Planning Inspectorate on March 1st. The company revised the initial plans prior to the first submission of the application, reducing the maximum number of proposed turbines by 20, meaning the project would
Germany: Crane Vessel Stanislav Yudin Transports Tripods to Trianel Wind Farm Borkum
The beginning of the month of March has seen the crane vessel, Stanislav Yudin, launch the transportation of tripods from the offshore terminal in Bremerhaven BLG to the Trianel Wind Farm Borkum. The vessel has been transporting two by two of these up to 900 ton and 60 meter high tripods to the cons
UK: MERiFIC Organises Key Networking Event
Cornwall Council’s MERiFIC project, which aims to increase the adoption of marine energy across Cornwall and Finistère, is organising a key networking event for businesses and organisations interested in marine renewable energy development at the cutting-edge COAST Laboratory based at the University
UK: MERiFIC Organises Key Networking Event
Cornwall Council’s MERiFIC project, which aims to increase the adoption of marine energy across Cornwall and Finistère, is organising a key networking event for businesses and organisations interested in marine renewable energy development at the cutting-edge COAST Laboratory based at the University
DONG Energy: No Longer to Invest in LNG, Denmark
DONG Energy published the company’s 2020 strategy. Here is the short version. At the same time as DONG Energy announced its annual accounts for 2012, the strategy for 2020 was disclosed. DONG Energy has set clear ambitions for four focal areas. DONG Energy will: 1. Quadruple installed offshore wind
East Cowes Marina Dredging Underway (UK)
The East Cowes Marina dredging program has officially begun last week. This dredging operations will be carried out by two split hopper barges called ‘Nab’ and ‘Needles’, which will regularly transit the fairway (inbound and outbound), and a dredge pontoon called ‘Doreen Dorward’. The dredging progr
Lundin’s Johan Sverdrup Appraisal Well Encounters 30m Oil Column
Swedish Lundin Petroleum AB (Lundin Petroleum) through its wholly owned subsidiary Lundin Norway has announced that the Johan Sverdrup appraisal well 16/3-5 located in PL501 has encountered a 30 meter gross oil column in Upper Jurassic sandstone and Permian Zechstein Group carbonate reservoir. The w
Drewry: Average Vessel Size in LPG Orderbook Doubles in Two Years
Rising demand has prompted owners to order more and larger LPG vessels, according to the latest LPG Forecaster from Drewry Maritime Research. The increased demand has been further improved by a growing consumption base in emerging economies, with supply bolstered by an expected emergence of new expo
Serica Issues Tender Documents for Columbus Development
Serica Energy plc announces the issue of tender documents for development of the North Sea Columbus field. The Field Development Plan provides for the supply of 51.3 million cubic feet of gas per day at peak to the UK gas market and 3,600 barrels per day of condensate and natural gas liquids (NGLs)