SBM Offshore NV (Amsterdam: SBMO) has successfully completed the refinancing and expansion of its existing revolving credit facility of USD500m to a new USD750m facility. The company said today that the targeted syndication to a select group of banks found very strong interest and resulted in a subs
The government has pledged to back a Green Investment Bank in what should be seen as the most positive measure to come out of this week’s… Jasper Cullen [mappress] Source: northerngasheating, June 25, 2010;
The seismic/research vessel Oceanic Vega for the shipowner Eidesvik Seismic Vessels AS, has the last week been on successfully sea trials. Oceanic Vega is a seismic/research vessel of type ULSTEIN SX120, and is the first of two sisterships for the shipowner Eidesvik Seismic Vessels AS. The ship goes
Minister Conor Lenihan announced details of new exploration opportunities in Irish waters – the “2011 Atlantic Margin Licensing Round”. The Minister also announced details of a new joint Ireland/Newfoundland-Labrador research project involving a plate reconstruction of the North Atlantic. The 2011 A
Offshore drilling typically refers to the discovery and development of oil and gas resources which lie underwater. Most commonly, the term is used to describe oil extraction off the coasts of continents, though the term can also apply to drilling in lakes and inland seas. Offshore drilling presents
Leading Scottish fabrication and engineering company Isleburn has secured North Sea contracts totaling nearly £5million with BP for two projects which will be assembled in its new facility at Invergordon. Isleburn, which is part of the Global Energy Group, will fabricate a 120 metre long caisson for
Energy consumption from renewables sources reached three per cent in 2009, almost double what it was in 2007, but a long way off the 15 per cent target the UK has to meet by 2020.
Cianbro team members are making progress as they work around the clock to replace three thrusters in need of maintenance aboard the drilling vessel, Stena Forth. “Weather is an important factor in this project,” said Project Manager Brian Rancourt. “We have a Cianbro crane set up on a flexi-float sy
The Coast Guard granted a three month extension Thursday to the motor vessel Stuyvesant, which currently has outstanding deficiencies that need to be repaired in dry dock. These deficiencies are not deemed by the Coast Guard to pose an unacceptable risk to the vessel, crew or the environment. The St
The dry bulk market’s demise has failed to turn around so far this week, with the industry’s benchmark, the Baltic Dry Index (BDI), yesterday fell for the 20th consecutive day, now standing at 2,515 points, which is the longest negative series since April of 2009. It’s also the lowest point of the m
The next generation of the De Vries family has taken over the directorship of the Feadship Koninklijke De Vries Scheepsbouw yard in Aalsmeer, the Netherlands. Rob and Roderick are joined on the five-strong new board at the world-famous shipyard by three highly experienced directors from outside the
Faroe and Iceland have sparked major uncertainties surrounding management of the key North East Atlantic mackerel fishery, a leading industry group has underlined. In their report to the North East Scotland Fisheries Development Partnership meeting in Aberdeen on Monday, the Scottish Pelagic Fisherm
RenewableUK Board of Directors has yesterday elected Andrew Jamieson, ScottishPower Renewables Regulation and Markets Director, as the new Chairman of the UK’s leading renewable energy trade association. Maria McCaffery, RenewableUK’s Chief Executive, said: “Andrew Jamieson is a hugely respected ind
Wärtsilä, a provider of power plant and ship power solutions and services, opened new offices and a workshop in Panama. Located in the International Business Park of Panama Pacifico, the new facilities are intended to meet growing market demand from customers in the area. The new workshop enables Wä
