One of the world’s largest drilling contractors Seadrill Limited has today acquired additional 3,765 shares of Asia Offshore Drilling Limited (AOD). The shares were acquired at a price of NOK 28.70 per share. Following this acquisition, Seadrill will be the owner of 26,376,516 shares in the Company,
Scana Industrier ASA has through its subsidiary Scana Propulsion AS, won new contracts with a total value of NOK 33 million. Scana Propulsion has signed a contract with BAE Systems Southeast Shipyards in Mobile Alabama, USA. The contract includes delivery of gear and propeller systems with remote co
Total announces the start-up of its South Mahakam gas condensate project two months ahead of schedule. The South Mahakam is part of the program being implemented to offset production decline impacting the Mahakam PSC (Production Sharing Contract). Total E&P Indonesie (50%) operates the project along
Scana Propulsion has signed a contract with BAE Systems Southeast Shipyards in Mobile Alabama, USA for delivery of gear and propeller systems with remote control for two platform supply vessels for GulfMark Offshore. Deliveries will take place in third quarter 2013. The contract includes options for
BOURBON has marked growth in third quarter revenues of +21.4% (+13.0% at constant exchange rate). Revenues were up 18.9% over 9 months (+14.0% at constant exchange rate). “In a favorable oil and gas services market, BOURBON’s growth is in line with the BOURBON 2015 Leadership Strategy. Average daily
Port Freeport Commissioners agreed to amend and extend the Memorandum of Understanding with the Panama Canal Authority. Last year, both parties signed the MOU as a joint effort to help promote business between the Canal and Port Freeport for one year. With this renewal, their efforts will be extende
GE’s Power Conversion business has signed a contract worth more than $10 million with Huntington Ingalls Industries (HII) of Pascagoula, Miss., to provide an auxiliary propulsion system (APS) for the future USS Tripoli (LHA-7), which is the U.S. Navy’s latest large-deck amphibious assault ship. This
BMT Group subsidiary, BMT WBM, the leading international engineering, water and environment consultancy, has announced that it has been awarded the Environmental Institute of Australia and New Zealand (EIANZ) top award for an environmental consulting practice. The award recognises BMT WBM’s leadersh
ITF, the global technology facilitator, will promote six leading technology developers at the Middle East’s largest oil and gas exhibition and conference next week. The organisation has created a ‘Technology Street’ display space at Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC)
OW Bunker, one of the world’s largest suppliers of marine fuels and lubricants, today announced the appointment of Paul Bradshaw as its new Regional Manager for OW Bunker Asia. Paul Bradshaw has more than 20 years of experience working within the oil industry and holds a Masters Degree in Energy Eco
The Georgia Ports Authority (GPA) has received final approval for its harbour deepening, which will allow the Port of Savannah to more efficiently serve Post-Panamax vessels and lower shipping costs for containerised trade by $213 million a year. Assistant Secretary of the U.S. Army (Civil Works) Jo
Port Freeport Commissioners agreed to amend and extend the Memorandum of Understanding with the Panama Canal Authority. Last year, both parties signed the MOU as a joint effort to help promote business between the Canal and Port Freeport for one year. With this renewal, their efforts will be extende
CGGVeritas announced today the commercial launch of BroadSource™, its broadband marine seismic source. BroadSource is a natural complement for BroadSeis™, its industry-proven broadband marine seismic solution, to produce unrivalled images of the subsurface. BroadSource combines a synchronized multi-
TTS Group ASA has, through its subsidiary TTS Ships Equipment AS, signed two contracts regarding sideloading systems and cranes worth approx. 100 MNOK. The first contract is with Star Reefers of London and regards delivery of Sideloading Systems for four reefer ships. The ships are to be upgraded wi
