News
Proserv Completes $215 Million Refinancing Agreement (UK)
Rapidly-evolving energy production technology services company Proserv has consolidated its position for sustainable growth and future expansion following the successful completion of a $215million (approximately £133million) refinancing agreement. The term loan and revolving credit facility, which
Rowan Norway Rig Gets AoC
Rowan Drilling’s jack-up rig Rowan Norway has been granted an Acknowledgement of Compliance (AoC) by the Norwegian authorities. This means that the Petroleum Safety Authority Norway considers the rig to be in compliance with relevant requirements in the Norwegian petroleum activities regulations. If
Turkey Aims to Buy More LNG
Turkey aims to buy extra 6 Bcm of liquefied natural gas, including some from Qatar, under long-term contracts to meet its growing energy needs, Reuters reported, citing Turkish Energy Minister Taner Yildiz. He said that the country is already in negotiations with Qatar, but Qatar may not provide all
Aarsleff to Construct New Värtahamnen Harbour (Sweden)
Today, Per Aarsleff A/S entered into an agreement with City of Stockholm, Exploitation Office and Ports of Stockholm for the construction of new harbour structures in the area Värtahamnen which is part of the Ports of Stockholm. The contract has a value of almost DKK 1 billion and is to be carried o
Gazprom, VNG Agree on Sci-Tech Cooperation (Russia)
Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee, Karsten Heuchert, Chairman of the Verbundnetz Gas Executive Board and Uwe Barthel, Member of the Verbundnetz Gas Executive Board signed a Sci-Tech Cooperation Agreement. The parties agreed on elaborating a Sci-Tech Cooperation
IMO Secretary-General Launches 2013 World Maritime Day Theme
IMO Secretary-General Koji Sekimizu has launched this year’s World Maritime Day theme, “Sustainable development: IMO’s contribution beyond Rio+20”, calling on Governments and the shipping industry to join together and provide a positive contribution towards formulating sustainable maritime developme
Gasol Rolls Over BBH Loan, UK
Gasol, the West African energy development company, announced that it has agreed terms with Banque Benedict Hentsch & Cie SA (BBH) for the rollover of its maturing convertible loan facility by one year to a new maturity date of 30 December 2013. The revised terms of the BBH Facility comprise: the pr
The Netherlands: Seaway Heavy Lifting Announces Organizational Changes
Seaway Heavy Lifting (SHL) announces that Martin Spaans, Chief Executive Officer (CEO) has decided to leave the company. Over the last 20 years Martin Spaans has guided SHL into the strong business it is today. His leadership has been integral to building the company’s reputation in both offshore oi
DOF Subsea Bags $130 Mln Worth of New Contracts
DOF Subsea Group has secured multiple contract awards in the North Sea and the Asia Pacific region, with a total contract value of about USD 130 million. In the North Sea region DOF Subsea has secured multiple contracts. The contracts have been agreed with key clients in UK and Norway. The scopes co
Gas Natural Fenosa Buys Medgaz Stake (Spain)
GAS NATURAL FENOSA and the Algerian company, Sociéte Nationale pour la Recherche, la Production, le Transport, la Transformation et la Commercialisation des Hydrocarbures, S.p.A (Sonatrach), signed an agreement for the purchase from the latter of a 10% shareholding in Medgaz, S.A. (and 10% of shareh
Norway: PIO for Polarled Gas Pipeline Submitted
The plan for installation and operation (PIO) of the Polarled gas pipeline on the Norwegian continental shelf (NCS) was formally submitted to the Ministry of Petroleum and Energy. “This represents a crucial step for the long-term development of Norway’s gas resources,” says Brian Bjordal, chief exec
Canada: CARIS and EIVA to Provide Better Solutions for Offshore Surveys
CARIS and EIVA have signed a Memorandum of Understanding (MoU) to collaborate on providing offshore survey organizations with a tightly integrated and streamlined solution. Both companies develop state-of-the-art software for the marine offshore market. CARIS is a world leader in software for hydrog
France: PNA Eyes Tidal Energy
France’s Ports of Normandy Authority (PNA) is planning to harness the power of the sea, reports NewNet. Since the port of Cherbourg is located close to the Raz Blanchard, which is known for strong currents, this makes it ideal for tidal energy development. To be able to install tidal generators, the
France: PNA Eyes Tidal Energy
France’s Ports of Normandy Authority (PNA) is planning to harness the power of the sea, reports NewNet. Since the port of Cherbourg is located close to the Raz Blanchard, which is known for strong currents, this makes it ideal for tidal energy development. To be able to install tidal generators, the