News
Seafarer Dies in an Accident Off Aberdeen
A crew member died after the offshore support vessel VOS Sailor suffered damage following severe weather conditions in the Balmoral Field off Aberdeen, UK, yesterday morning. Eleven of the 12 crew onboard have been evacuated from the ship by Coast Guard by helicopters and have been transported to Ab
Sterling Discovers Gas Offshore Romania
Sterling Resources Ltd. has made a gas discovery following the drilling of the Eugenia-1 well drilled in the Black Sea offshore Romania. The well reached a total measured depth (“MD”) at 2,276 metres (2,248 metres subsea). The preliminary log analysis indicates a total of 22 metres of gas-bearing La
Gazprom Delivers Record Gas Volumes to Europe
In the last 24 hours, Gazprom has achieved record volumes of daily gas supply to Europe of 550 mcm, the Chairman of the Management Committee Alexey Miller informed. “Since the beginning of December, unprecedented growth of supplies to European market has been recorded, the last 24 hours marking the
Denmark: MT Højgaard to Appoint New Chairman
Chairman of the Board, Helge Israelsen, will not offer himself for re-election at the annual general meeting in April, and Søren Bjerre-Nielsen has been suggested as his successor. The chairman of the Board of Directors of MT Højgaard, Helge Israelsen, has announced that he will not offer himself fo
UK: Government Moves Ahead with Marine Conservation Zones Plan
The Government is pressing ahead with its plans to create Marine Conservation Zones (MCZs) to protect the UK’s rich marine environment, Natural Environment Minister Richard Benyon announced. A consultation outlining the proposals for the first set of sites has been launched yesterday, and will give
Germany: Channel Deepening Allows Bremerhaven to Dock Bigger Ships
The biggest container ship in the world has docked in Bremerhaven. Precisely one week after leaving port in Tangier, Morocco, the “CMA CGM Marco Polo” tied up at another container terminal operated by the EUROGATE Group, this time MSC Gate Bremerhaven. The “CMA CGM Marco Polo” is on her maiden voyag
Gazprom Keeps Actively Implementing Eastern Gas Program (Russia)
The Gazprom Management Committee took notice of the information regarding the work being done by the Company as part of the Eastern Gas Program. The meeting highlighted that Gazprom had already started creating the Yakutia gas production center in a pro-active manner. In October the final investment
Turbine Installation Starts Soon at Teesside Offshore Wind Farm (UK)
EDF Energy Renewables has announced that the installation of wind turbines on the Teesside Offshore Windfarm, under construction off the North East coast at Redcar, will resume soon and will be undertaken using the MPI Adventure. A spokesperson for EDF Energy Renewables explained: “As the project ha
More Powers for European Maritime Safety Agency
The European Maritime Safety Agency (EMSA) will be able to help EU member states fight pollution from offshore oil and gas platforms if asked, after MEPs approved on 11 December a proposal to extend its responsibilities. The agency will also assist with the fight against piracy and reducing red tape
Sovcomflot Signs USD 160 Million Export Credit Facility, Russia
Sovcomflot announced that it signed a USD 160 million, 12 year export credit facility with Finnvera, Finnish Export Credit and ING BANK N.V. The funds will be used towards financing two new ice-breaking supply vessels, Vitus Bering and Aleksey Chirikov, currently under construction at Arctech Helsin
Austria: Record Number of Participants Registered to Attend EWEA 2013
Despite the uncertain global economy, attendance figures for EWEA 2013 are looking positive. The December statistics for registered conference delegates are 25% higher compared with registration figures at the same stage before EWEA 2012. EWEA 2012 took place in Copenhagen and was a huge success, at
Austria: Record Number of Participants Registered to Attend EWEA 2013
Despite the uncertain global economy, attendance figures for EWEA 2013 are looking positive. The December statistics for registered conference delegates are 25% higher compared with registration figures at the same stage before EWEA 2012. EWEA 2012 took place in Copenhagen and was a huge success, at
Wood Group Expects Growth This Year, UK
John Wood Group issued pre-close trading update for the year to 31 December 2012. Full year results will be announced on 5 March 2013. Overall, conditions in energy markets remain favourable. The Group expects to deliver good growth for the year in line with expectations. Engineering division is per
Novatek of Russia Closes Eurobond Issue
NOVATEK announced the closing of its ten-year Eurobond issue due 2022 in an aggregate amount of US$ 1.0 billion, which was more than three-times oversubscribed based on the book building results. The annual coupon rate is set at 4.422% with coupons payable semi-annually. The Company’s CFO and Board