Third quarter 2012 was operationally a very good quarter for the company. The operating margin (EBITDA) was 51 percent in the quarter. – Strong operation is the result of a modern fleet and skilled employees, says CEO Irene W. Basili who focuses on the opportunities this creates: – We have a contrac
Rolls-Royce, the global power systems company, has won a £12 million order to design and equip two platform supply vessels (PSVs). The vessels will be built at Jiangsu Eastern Heavy Industries Co., Ltd. in China. Rolls-Royce UT 755 LN vessels are designed specifically for transporting solid and liqu
The Harbour Master at Chichester Harbour in the UK has issued the folowing Notice to Mariners. “Mariners are advised that a bathymetric survey of Chichester Bar and Approach Channel undertaken 6 November 2012 showed a least depth of 1.1m below Chart Datum. “Mariners are reminded of our standing advi
Aker Solutions ASA announces that it has signed a new syndicated multi-currency credit facility of EUR 400 million. The facility is split into a 3-year tranche of EUR 270 million and a 1.5-year tranche of EUR 130 million and will be used for upcoming investments and general corporate purposes. In th
BP announced that it has reached an agreement with the United States government, subject to court approval, to resolve all federal criminal charges and all claims by the Securities and Exchange Commission (SEC) against the company stemming from the Deepwater Horizon accident, oil spill, and response
Pacific Drilling S.A. announced today that its ultra-deepwater drillship the Pacific Khamsin has been awarded a contract by a wholly-owned indirect subsidiary of Chevron Corporation for operations in West Africa. The minimum duration of the contract is for an initial two-year term, with contract com
The supervisory board of KOTUG announced the appointment of Harrold van der Meer as Chief Operating Officer(“COO”) of KOTUG International B.V. As from 22nd October 2012 Harrold van der Meer has joined the KOTUG group and will succeed Dorus Knegtel, the current COO & Vice President Business Developme
Significant structural changes will be made to the groynes at Port Geographe as the State Government implements the recommendations of a three-year study and detailed computer modelling investigating excessive seagrass accumulation and erosion at the Busselton site. Transport Minister Troy Buswell s
Veripos, world leaders for provision of high-precision GNSS positioning solutions to the offshore oil and gas industry, has been awarded a two-year extension to its present contract with seismic survey specialists SeaBird Exploration FZ-LLC of Dubai, a division of the Norwegian SeaBird Exploration G
U.S. Sen. David Vitter made the following statement in response to developments in the settlements with BP and the U.S. Department of Justice. A settlement was reached with DOJ this morning assessing criminal charges against BP. “With these unprecedented criminal penalties assessed, I urge the Obama
Pacific Drilling S.A. announced today that its ultra-deepwater drillship the Pacific Khamsin has been awarded a contract by a wholly-owned indirect subsidiary of Chevron Corporation for operations in West Africa. The minimum duration of the contract is for an initial two-year term, with contract com
Royal Boskalis Westminster N.V. has concluded a good third quarter. Revenue and profit was higher than in the first half of 2012 against stable market conditions. The order book increased in recent months and stood at a new record high of EUR 4 billion at the end of the third quarter. Based on curre
Clipper Projects announced the creation of a new multi-purpose (MPP) pool, which will form an integrated part of the current Clipper Projects MPP fleet. The founding members of the pool are: Enzian Ship Management of Zurich, Switzerland Freese Shipping of Stade, Germany Clipper Projects of Copenhage
Petrobras, alongside its partners BG Group and Repsol Sinopec Brasil, and by means of its affiliate Guará-BV, announces that the construction work for FPSO Cidade de São Paulo was completed on November 11. The vessel has left the Brasfels shipyard, in Angra dos Reis and is currently undergoing final
