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Business & Finance

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Jumbo Hired for FPSO Mooring Job in UK North Sea
Business & Finance

Jumbo Hired for FPSO Mooring Job in UK North Sea

Jumbo has been awarded a FPSO mooring, installation and hook-up contract by EnQuest. EnQuest is redeveloping the Ardmore and Duncan fields as Alma and Galia respectively. The project scope is the mooring spread installation and FPSO tow out and hook up. This will be the first offshore project in whi

about 14 years ago
UAE: Grandweld Hands Over Second Service Boat to KOTC
Business & Finance

UAE: Grandweld Hands Over Second Service Boat to KOTC

Dubai- Based Grandweld Shipyards has announced the successful delivery of the new service boat “Nakilat 11” to Kuwait Oil Tanker Company. KOTC Chairman and Managing Director Bader Al-Khashti signed the delivery documents with Grandweld General Manager Jamal Abki in a special ceremony held at KOTC he

about 14 years ago
Norway: Siem Offshore Enters OSCV Charter Agreement
Business & Finance

Norway: Siem Offshore Enters OSCV Charter Agreement

Siem Offshore has entered into a charter agreement for one of its OSCV. The agreement is with an international subsea contractor, it’s made at market terms and is for a firm period of five years with two yearly options. The charter shall commence in third quarter 2013. [mappress] Siem Offshore, Dece

about 14 years ago
MPE Announces Great Interest in 22nd Licensing Round on Norwegian Continental Shelf
Business & Finance

MPE Announces Great Interest in 22nd Licensing Round on Norwegian Continental Shelf

The Ministry of Petroleum and Energy has received applications from 36 companies by the deadline for applications in the 22nd licensing round on the Norwegian continental shelf. The Ministry intends to award new production licences before the summer of 2013. “I am pleased to see such extensive, broa

about 14 years ago
U.S. and Chilean Navies to Research Subsea Floor Alterations
Business & Finance

U.S. and Chilean Navies to Research Subsea Floor Alterations

The U.S. Navy has announced that, together with the Chilean Navy’s Hydrographic and Oceanographic Service (SHOA), it plans to research possible alterations to the subsea floor caused by the earthquake and tsunami in February 2010, reports Santiago Times. The research vessel USNS Pathfinder will cond

about 14 years ago
Singapore: Kreuz Subsea Take Delivery of Saab Seaeye Panther XT Plus ROV
Business & Finance

Singapore: Kreuz Subsea Take Delivery of Saab Seaeye Panther XT Plus ROV

Singapore-based Kreuz Subsea, take delivery of their new Saab Seaeye Panther XT Plus at OSEA 2012. Operations manager Robert Black sees it as a “formidable vehicle”. “It has incredible strength and an unrivalled speed and agility which means it can swim around divers safely whilst undertaking light

about 14 years ago
The Netherlands: Second Damen-Built Sea Axe Sold
Business & Finance

The Netherlands: Second Damen-Built Sea Axe Sold

Dutch superyacht builder Amels has sold a Damen-built SEA AXE 6711, a 67-metre Fast Yacht Support vessel, which is due for delivery in spring 2014. It will bear many similarities to Garçon, the SEA AXE 6711 which made an impressive appearance in Monaco earlier in the year, although there are some st

about 14 years ago
Kiasma Srl Changes Motion of Mixture Inside Discharge Pipes (Italy)
Business & Finance

Kiasma Srl Changes Motion of Mixture Inside Discharge Pipes (Italy)

Kiasma Srl Zero Branco, has changed the motion of the mixture inside the discharge pipes for the CSD. Inside the piping in HDPE and Rubber, Kiasma Srl has changed from linear to turbulent motion, with the benefit of requiring less energy to move the mixture inside the piping and then with a conseque

about 14 years ago
TDW Completes Pipeline Isolation Project for Origin Energy (Australia)
Business & Finance

TDW Completes Pipeline Isolation Project for Origin Energy (Australia)

TDW Offshore Services (TDW) announced the completion of the pipeline isolation project for Origin Energy, Energy Business Review informed. TDW’s SmartPlug pressure isolation tool was deployed on a project in Australia for a total of 299 days. The isolation process was needed to safely perform the he

about 14 years ago
Forum Acquires Merrimac Manufacturing, USA
Business & Finance

Forum Acquires Merrimac Manufacturing, USA

Forum Energy Technologies, Inc. announced that it has acquired Merrimac Manufacturing, Inc. (Merrimac). Details of the transaction were not disclosed. Merrimac, located in Plantersville, TX, manufactures premium consumable parts for drilling, well servicing and pressure pumping applications, includi

about 14 years ago
Scorpio Tankers Announces Charter-In Agreement for LR2 Product Tanker
Business & Finance

Scorpio Tankers Announces Charter-In Agreement for LR2 Product Tanker

Scorpio Tankers Inc. announced yesterday that it has agreed to time charter-in a 2008 built LR2 product tanker (115,406 DWT). The vessel will be chartered-in for six months at $16,000 per day, and Scorpio Tankers has options to extend the charter for three consecutive six month periods at $16,250 pe

about 14 years ago
British Scientists Collect Samples from Lake Ellsworth, Antarctica
Business & Finance

British Scientists Collect Samples from Lake Ellsworth, Antarctica

A British team of scientists and engineers has headed off to Antarctica for an ambitious scientific mission to collect water and sediment samples from Lake Ellsworth which is buried beneath three kilometers of solid ice. Using groundbreaking technology developed at the National Oceanography Centre,

about 14 years ago
Petrobras: 4th Oil Discovery in Sergipe-Alagoas Basin (Brazil)
Business & Finance

Petrobras: 4th Oil Discovery in Sergipe-Alagoas Basin (Brazil)

Brazil’s oil company Petrobras announces the discovery of a new light hydrocarbon accumulation in ultra deepwaters of the Sergipe-Alagoas Basin, in the concession area BM-SEAL-10, block SEAL-M-424. The discovery took place during drilling of well 1-BRSA-1108-SES (1-SES-172). The well is 85 km off th

about 14 years ago
Deltares Estimates Costs and Benefits of Flood Risk Strategies
Business & Finance

Deltares Estimates Costs and Benefits of Flood Risk Strategies

Deltares contributes considerably to the development of an improved European climate change adaption policy. For this purpose, the European research project BASE (Bottom-up climate Adaptation Strategies for Europe) has recently been set up. Its objective is to enhance the knowledge on the benefits a

about 14 years ago
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