SBM Offshore announced that the sale of GustoMSC, its non-core design and engineering subsidiary, became unconditional on 28 November 2012 and that the approximate $185 million transaction with Parcom Capital has been completed. The sale of GustoMSC is a further step in enabling SBM Offshore to purs
The Ennore Port Ltd (EPL) will come out with a 10-year tax-free bond to raise about Rs.1,000 crore to meet its major ongoing projects, according to thehindu.com. S. Velumani, EPL’s Chairman-cum-Managing Director, stated that the raised amount would be used to fund the ongoing capital dredging work o
Sembcorp Marine Ltd, through Jurong Offshore Pte Ltd’s wholly-owned subsidiary, has secured a drillship contract worth US$806.4 million from Sete Brasil Participacǒes S.A. (Sete Brasil), for the design and construction of a drillship based on Jurong Shipyard’s proprietary Jurong Espadon drillship de
On Monday, Dec. 3, at 10 a.m. the public is invited to participate in the third and final bi-monthly conference call of the year regarding the Jacksonville Harbor Deepening Study. A schedule for 2013 conference calls is expected soon. About JAXPORT The vision of the Jacksonville Port Authority is to
Reference is made to the stock exchange notice dated 17 August 2012 where Höegh LNG Holdings Ltd. announced that the Company had received commitment letters from four banks for a USD 250 million corporate facility for the financing of the FSRU to be delivered for the Klaipedos Nafta FSRU project in
Swire Oilfield Services, the leading global supplier of cargo carrying solutions, modular systems, offshore aviation services and fluid management, has officially opened its new £4 million global headquarters in Aberdeen. The new headquarters are part of an overall investment in the business of £50
Parties of the German ruling coalition agreed yesterday to lower the limit on damages that grid operators must pay for delays when connecting offshore wind farms to the grid, Joachim Pfeiffer from the Christian Democratic Union told Bloomberg. The limit on damages when grid companies are found negli
An expert team will help Scottish green energy projects secure funding from the Green Investment Bank (GIB) as it was launched yesterday. The team, to be led by Marcia Campbell, former Group Operations Director of Standard Life, will identify and support potential Scottish bidders to make the strong
Shell Offshore Inc.’s (Shell) Olympus hull, the approximately 32,500 metric ton main body of the Olympus TLP, departed from South Korea yesterday to begin its two month journey to the U.S. Gulf Coast. After nearly 4 million man hours and a peak of approximately 1,300 workers on-site, construction of
Four J D Neuhaus type EH50 air operated monorail hoists have been supplied and mounted by Westcon Løfteteknikk AS of Bergen to the Maersk offshore rig Guardian. These products have been specified for the synchronised lifting and handling of an 18.3/4” 15,000psi BOP unit before and after drilling ope
The Port Hedland Port Authority was awarded the “Port of the Year” at the 17th Annual Lloyd’s List Australian Shipping & Maritime Industry Awards in Sydney last night. The event attracted more than 400 senior industry executives from Australia’s shipping, ports and maritime industry, making it one o
Sembcorp Marine Ltd, has secured a drillship contract worth US$806.4 million from Sete Brasil Participacǒes S.A. (Sete Brasil), for the design and construction of a drillship based on Jurong Shipyard’s proprietary Jurong Espadon drillship design. This is the 7th unit of a series of drillships that S
Taylor Engineering will provide the City of Destin with construction administration and post-construction services for the Western Destin Beach Restoration Project. Construction administration tasks include conducting pre-construction meetings and reviewing contractor submittals, construction admini
The U.S. Environmental Protection Agency (EPA) announced that it has temporarily suspended BP Exploration and Production, Inc., BP PLC and named affiliated companies (BP) from new contracts with the federal government. EPA is taking this action due to BP’s lack of business integrity as demonstrated
