Bergen Group Offshore has, through its subsidiary Bergen Group Rosenberg AS, been awarded an offshore modification project by Statoil Petroleum AS. The contract value for the project is estimated to NOK 20-25 million(USD $4million). The EPCI-contract (Engineering, Procurement, Construction and Insta
Perisai Petroleum Teknologi Bhd has proposed an acquisition of 51% equity interest in Intan Offshore Sdn Bhd for RM45.2mil(USD$ 14,8) to … [mappress] Source:Thestar, January 28, 2011;
The developer of Papua New Guinea’s multi-billion dollar LNG project says it’s working with the government and local leaders in order for op… (rnzi) [mappress] Source: rnzi, January 28, 2011;
The Jackson County Port Authority’s Board of Commissioners approved two resolutions Thursday to address unanticipated dredging work at the… By April M. Havens (gulflive) [mappress] Source: gulflive, January 28, 2011;
Converteam UK has been awarded a GBP328 000 ($520 800) grant from Scottish Enterprise to develop of a DC power converter for offshore wind… (powergenworldwide) [mappress] Source: powergenworldwide, January 28, 2011
Engineering data and design IT systems provider AVEVA continues to trade in line with its expectations and the board remains confident of… [mappress] Source:IBTIMES, January 28, 2011;
Belco representatives said the company is looking at all forms of alternate power to help the Island’s growing energy needs. By Owain Johnston-Barnes (royalgazette) [mappress] Source: royalgazette, January 28, 2011
Previously Bjørge, Stream has started expanding, and has acquired Ahlsell Oil & Gas. “We want to create a platform for continued growth,” CEO Steinar Aasland of Bjørge tells Offshore.no. When Bjørge recently split into Stream and Align, acquisitions were signalled as the strategy for continued growt
Scores of fishermen have stopped going to sea in the past year as controversial new rules take hold that could fundamentally alter the storied fishing economy, culture, and communities of New England. The region’s scenic harbors already shelter hundreds fewer fishing boats than a decade ago, but som
The AP Moller – Maersk Group has joined a team of international companies designated as a disaster relief support network under the United Nations World Food Programme (WFP). The Logistics Emergency Teams (LETs) consist of four logistics and transport companies and supports the WFP and the humanitar
The President and CEO of Wärtsilä Corporation, Mr Ole Johansson, has decided to retire after turning 60 years of age in June, using the right stipulated in his executive contract. The exact timing of his retirement will be announced later. Also, Mr Johansson will not be available to continue in his
A perfect start of the Boat Düsseldorf 2011 as the Vripack designed Holterman 60 wins the European Powerboat of the Year Award in the displacement hull class. A specialist jury, consisting of the editors –in-chief of the seven leading European powerboat magazines, awarded the prizes in five categori
Wärtsilä has redefined its long-term financial targets. Our target is to grow faster than global GDP. Our operating profit margin (EBIT%) target is 14% at the peak of the cycle. At the trough of the cycle, our target is to keep operating profit margin above 10%. Our target is to maintain gearing bel
Expanding prosperity for a growing world population will drive an increase in energy demand of about 35 percent by 2030 compared to 2005, even with significant efficiency gains, and natural gas will emerge as the second-largest energy source behind oil, Exxon Mobil Corporation3 said as it released i
