A unit of General Electric Co. (GE) announced Tuesday it is investing $54 million to become part owner of a ship drilling for oil off the coast of Brazil. As the price of oil skyrockets, investors and explorers are drilling further offshore and in deeper waters for oil. The equity investment in offs
At the beginning of December StatoilHydro completed an agreement with Chevron to take over three heavy oil licences on the British continental shelf (UKCS). This is the first-ever operatorship for the group in this area.
On the 22nd of November contracts were signed with Half Tide Marine Pty Ltd of Mackay Australia for the delivery of two (2) Damen ASD Tugs 3111. These contracts were signed following a successful operation period of the first Damen ASD Tug 3111 ‘Kolijo‘ delivered in July 2007. The new tugs with hull
Keppel Verolme BV, a wholly owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), has secured two contracts totaling EUR 75 million (S$160 million) on the back of an upsurge of offshore activities in the North Sea.
ING Real Estate, part of ING Group NV, said it has entered into a joint venture with Flagstone Property Group to develop Island Gardens, a 600 mln usd mixed-use waterfront development in Miami, US.
DryShips Inc., a global provider of marine transportation services for dry bulk cargoes announced today that it has entered into an agreement to acquire approximately 30.4% of the issued and outstanding shares and voting rights in Ocean Rig ASA, an offshore drilling contractor listed on the Oslo Sto
Keel failure has forced the New Zealand maxi Maximus out of the Rolex Sydney Hobart. Owner Bill Buckley’s worst fears were realised this afternoon as his 30 tonne boat was lifted out of the water at Woolwich Dock.
Crews racing in this year’s Rolex Sydney Hobart Yacht Race have an opportunity to help the worthwhile charity OzHarvest, which collects food from various areas then distributes it to many charities.
Bill Buckley’s 30m New Zealand maxi Maximus, one of the Rolex Sydney Hobart line honours prospects, this morning radioed a PAN PAN emergency radio call after discovering a 20cm crack in their canting keel.
Uson Marine AB expands by establishing a new regional office in Harstad, Norway. By this expansion we will be able to closer serve the needs of our clients in the merchant and offshore sector. Contact and Region manager for Uson Marine Norway AS is Kjell Erik Reinstad who previously worked with the
Mitsui O.S.K. Lines, Ltd. (MOL, President: Akimitsu Ashida) today announced that its subsidiary in Europe, Mitsui O.S.K. Lines (Europe) B.V. (MOLEP, headquarters: Rotterdam) will establish branch offices in three Nordic nations and start MOL Liner agency service. Offices will be located in Gothenbur
Atlas Copco Internationaal B.V. has divested ABIRD Holding B.V., a part of Atlas Copco Compressor Technique’s rental business in the Netherlands. The sale is in line with the Specialty Rental division’s strategy to focus on compressed oil-free air applications.
Scottish fishermen’s leaders hope new proposals for conserving fish stocks can persuade Europe not to cut the time boats are allowed to spend at sea. The plan is being backed by Scottish ministers ahead of this week’s annual fisheries talks in Brussels.
Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that drilling of the appraisal well 7/4-2 on the Nemo Field located in Block 7/7 and 7/4 production license PL 148, on the Norwegian Continental Shelf (NCS), has commenced.
