News – September 16, 2008 Smit Internationale has confirmeds receipt of Boskalis’ invitation to enter into discussions in relation to a contemplated transaction. Smit confirmed that the Boskalis proposal comprises: • the acquisition of Smit by way of a public offer (Euros 62.50 per share) followed b
Irish explorer Island Oil and Gas has appointed a former executive of Cambridge Energy Research Associates to its board. Adrian Doull, who until 2003 was senior director for CERA in Europe, Africa and the Middle East, has joined Island as a non-executive director. Doull was also chief operating offi
Day two of the Rolex Swan Cup saw the different divisions take very different routes. The Swan Maxis went on a hefty 30 nautical mile sail up and down Bomb Alley using the Island of Spargi as a leeward turning mark, whereas the Classics undertook a shorter, 24 nm stroll venturing into the channel as
Norwegian-listed Questerre Energy Corporation says the first of three commitment wells have been spudded in Canada. Questerre that Talisman Energy, the operator, has recently spudded the well under its farm-in agreement with Questerre in the St. Lawrence Lowlands, Quebec. The wells will test multipl
Norwegian companies continue to gear up for the economic bonanza expected from the eventual roll-out of the mighty Shtokman gas field. Norwegian concrete producer Olen Betong has officially opened its new plant in Murmansk, as it readies itself for Shtokman, located about 500 kilometers off the Russ
Aker Solutions has been awarded two contracts by Daewoo Shipbuilding & Marine Engineering in Korea worth $235 million. Aker said the contracts were for delivery of drilling equipment for two ultra deepwater drillships. Aker Solutions will deliver complete drilling equipment packages consisting of en
A record 31.4 billion crowns (US $5.4 billion) will be spent on oil and gas exploration on the Norwegian Continental Shelf in 2009, according to Statistics Norway. That compares with the 25.1 billion crowns expected to be spent on oil and gas exploration in 2008 – and reflects the race by internatio
Lloyd’s Register’s Nordic Committee met today in London to discuss current issues and share information. Key topics discussed were the Maritime Labour Convention, control of greenhouse gas emissions from ships and implementation standards to drive improved environmental performance. Roland Ives, Llo
Project Updates – September 11, 2008 The Bay City Times reports that dredging of the Upper Saginaw River is set to begin later this month, now that a contract has been awarded for the work. The river’s navigational channel will be cleared for the first time in more than a decade, Wayne Schloop, chie
Project Updates – September 12, 2008 The Business Reporter says Atlantic Marine shipyard in the US plans to overhaul several existing piers at its Pinto Island shipyard on the Mobile River’s east bank to create a deepwater berth to dock oil rigs. According to a notice from the US Army Corps of Engin
News – September 12, 2008 Shipments of limestone on the Great Lakes totaled 4.4 million net tons in August. While the total represents an increase of 12 per cent compared to a year ago, shipments in August of 2007 were sluggish, said the Lake Carriers’ Association. “The five-year average is the bett
News – September 12, 2008 Jan de Nul in Belgium has confirmed details of a contract award it has received as part of a consortium for the expansion of Duqm Port in Oman. Said Jan de Nul: “This award is an extension on the existing contract currently being executed by Jan De Nul Group in […]
80 sailors, from 25 nations, competing across three Paralympic classes, have converged on the Olympic Sailing Centre in Qingdao for the six-day competition. All three British boats are hoping for a podium finish. With almost a two-hour delay for the SKUD-18 and 2.4mR fleets due to a lack of wind, it
Faroe Petroleum has agreed a farm-in deal on a UK Central North Sea prospect which is being drilled by Bow Valley close to the Nelson field area. Faroe has agreed to take 10% equity in P1418 covering block 22/11b where Bow Valley is currently drilling on a Fulmar sands prospect. Bow Valley’s explora
