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Business & Finance

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Diavaz Extends Contract for Arbol Grande Vessel (Mexico)
Business & Finance

Diavaz Extends Contract for Arbol Grande Vessel (Mexico)

DeepOcean has secured an 18 months extension on Arbol Grande vessel with offshore contractor Constructora Subacuatica Diavaz, S.A. de C.V. (Diavaz), in Mexico. The new contract is valid until end 2014. DeepOcean was awarded the original contract in 2003 and Arbol Grande has been working in Mexican w

about 14 years ago
CSL’s Trillium Class Vessel Wins Bulk Ship of the Year Award
Business & Finance

CSL’s Trillium Class Vessel Wins Bulk Ship of the Year Award

The Baie St. Paul, Canada Steamship Lines’ (CSL) first of four new Trillium Class self-unloading Lakers was honoured last evening with the prestigious 2012 Bulk Ship of the Year Award at the International Bulk Journal (IBJ) Gala dinner held in Hamburg, Germany. Presented to the year’s most outstandi

about 14 years ago
Italy: Work Well Underway on Marina Master 8000 Dredger
Business & Finance

Italy: Work Well Underway on Marina Master 8000 Dredger

Work is well underway on the latest in the long line of cutter suction dredgers built in Italy by Italdraghe SpA , this time in collaboration with Goodchild Marine Services of the UK. This latest dredger to be named ‘Marina Master 8000’ is an innovative design developed from a successful dredger ope

about 14 years ago
Tullow Oil Buys Stake in Offshore Guinea Block from Hyperdynamics
Business & Finance

Tullow Oil Buys Stake in Offshore Guinea Block from Hyperdynamics

Hyperdynamics Corporation today has entered into an agreement with Tullow Oil plc, for the sale of a 40% gross interest in Hyperdynamics’ oil and gas exploration concession offshore Guinea and the transfer of operatorship to Tullow. Subject to the completion of due diligence, the sale is expected to

about 14 years ago
Virginia Beach Renourishment About to Begin (USA)
Business & Finance

Virginia Beach Renourishment About to Begin (USA)

The Norfolk District, U.S. Army Corps of Engineers has awarded the Virginia Beach replenishment project contract to Weeks Marine, of Camden N.J. The bid of $11.925M includes the placement of 1,250,000 cubic yards of sand from 17th Street to 70th Street. The federal investment for this re-nourishment

about 14 years ago
Bergen University College Starts Subsea Technology Bachelor’s Degree (Norway)
Business & Finance

Bergen University College Starts Subsea Technology Bachelor’s Degree (Norway)

Bergen University College announces the start-up of the “Subsea Technology – operation and maintenance” Bachelor’s degree in Florø from the autumn of 2013. “Bergen University College is proud to be able to start up an engineering programme in Florø. Such an initiative matches our objective of supply

about 14 years ago
RESON Provides Sonar to GEOSUB 3DTM (France)
Business & Finance

RESON Provides Sonar to GEOSUB 3DTM (France)

RESON provides its advanced multibeam sonar system, the SeaBat 7125, to a new breakwater mapping system called GEOSUB 3DTM developed by the company MESURIS in France. The system is a high resolution 3D real time bathymetric and topographic system designed to provide marine engineering data both abov

about 14 years ago
TTS Secures Offshore Cranes Order from STX (South Korea)
Business & Finance

TTS Secures Offshore Cranes Order from STX (South Korea)

TTS Group ASA has through its subsidiary TTS Offshore Handling Equipment AS signed a contract worth approximately NOK 130 million (approx. $22,6 million) in Korea. The contract is with STX Offshore & Shipbuilding Co., Ltd in Korea and concerns delivery of four large offshore cranes and equipment for

about 14 years ago
Hyperdynamics Sells 40 Pct Interest in Guinea Concession to Tullow
Business & Finance

Hyperdynamics Sells 40 Pct Interest in Guinea Concession to Tullow

Hyperdynamics Corporation announced that its wholly owned subsidiary, SCS Corporation Ltd, has entered into an agreement with Tullow Guinea Ltd., a subsidiary of Tullow Oil plc, for the sale of a 40% gross interest in Hyperdynamics’ oil and gas exploration concession offshore Guinea and the transfer

about 14 years ago
Deltares Performs Scale Test with Coral Reef (The Netherlands)
Business & Finance

Deltares Performs Scale Test with Coral Reef (The Netherlands)

Deltares is performing scale test with a coral reef in the Scheldt Flume in Delft. The tests, commissioned by the University of Western Australia in Perth, are to be completed at the end of November. Aim of the tests is to find out to what extent the disintegration of the coral reef affects wave exp

about 14 years ago
OTMT Sells Med Cable to Orascom Telecom Holding
Business & Finance

OTMT Sells Med Cable to Orascom Telecom Holding

Orascom Telecom Media and Technology Holding S.A.E. (OTMT) announced the completion of the negotiations with Orascom Telecom Holding S.A.E. (OTH) to sell 100% stake in its fully owned subsidiary Med Cable. The acquisition of UK-based Med Cable by OTH has a value of Euro 12.3 million. The Med Cable L

about 14 years ago
ConocoPhillips to Use Ekofisk 2/4-VB Subsea Facility (Norway)
Business & Finance

ConocoPhillips to Use Ekofisk 2/4-VB Subsea Facility (Norway)

ConocoPhillips Skandinavia AS (ConocoPhillips) has received consent to use the Ekofisk 2/4-VB subsea facility for water injection on the Ekofisk field. ConocoPhillips has received consent to use the Ekofisk 2/4-VB subsea facility. The facility will inject water into the reservoir to stimulate oil pr

about 14 years ago
Maersk Tankers Sells 11 Handysize Vessels to Navigator Gas
Business & Finance

Maersk Tankers Sells 11 Handysize Vessels to Navigator Gas

Maersk Tankers exits its Handygas segment by selling all 11 vessels to Navigator Gas. The divestment allows Maersk Tankers to focus on fewer segments and release capital for future investments. Hanne B. Sørensen, CEO Maersk Tankers: “Navigator Gas presented us with a great business proposition that

about 14 years ago
Dubai Maritime Week Kicks Off on November 25
Business & Finance

Dubai Maritime Week Kicks Off on November 25

Dubai Maritime City Authority (DMCA) has announced today at a press conference, the official launch of the inaugural Dubai Maritime Week that will run from November 25 to 30, 2012 in Dubai, gathering high-profile government officials, industry professionals, experts, operators and ship owners in the

about 14 years ago
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