The UK’s Green Investment Bank (GIB) intends to fund only the offshore projects that are operational and to avoid those which are in construction phase. The GIB’s initial capital of GBP 3 billion is not enough to cover the projects under construction, Ian Nolan, head of origination at the Bank, is c
EPA, in consultation with the Massachusetts Department of Environmental Protection (MassDEP) has completed its assessment and final cleanup decisions for the Former A Range, Former K Range and Gun and Mortar Positions located on the northern portion of the Massachusetts Military Reservation (MMR) on
Woodside, an Australian oil and gas company, announced that record production and sales revenue were achieved in the third quarter, with production volumes of 26.5 million barrels of oil equivalent (MMboe) and sales revenue of US$1,828 million. Woodside recorded a 32% increase in production compared
Chatham Rock Phosphate is centre stage at the Underwater Mining Institute conference being held at Shanghai this week. CRP principal scientist Dr Robin Falconer updated the conference on recent corporate milestones and presented the findings of the four cruises conducted in the Chatham Rise licence
Aker Philadelphia Shipyard, Inc. (APSI), the sole operating subsidiary of Aker Philadelphia Shipyard ASA, held a ceremonial keel laying today for the first of two Aframax tankers that it is building for SeaRiver Maritime, Inc. (SeaRiver), Exxon Mobil Corporation’s U.S. marine affiliate. The construc
The University of Houston has received the state’s approval to offer the nation’s first subsea engineering graduate program, which will teach the scientific and technical skills necessary to create the first generation of formally trained subsea engineering specialists. The Texas Higher Education Co
EOC Limited (EOC or the Group) has been awarded a contract in relation to the FPSO Lewek EMAS from the vessel’s charterer Premier Oil Vietnam Offshore BV. Under the contract, worth up to US$15 million, EOC will provide project management as well as engineering and procurement services for the modifi
Reflecting its renewed competitiveness in the international market for small and medium sized commercial vessels, Austal has secured a new contract for the design and construction of three wind farm support vessels. The 27 metre catamarans will be used by UK-based Turbine Transfers to support wind t
EOC Limited has been awarded a contract in relation to the FPSO Lewek EMAS from the vessel’s charterer Premier Oil Vietnam Offshore BV. Under the contract, worth up to US$15 million, EOC will provide project management as well as engineering and procurement services for the modification of the Lewek
Bernhard Schulte Shipmanagement (BSM) announced that it has been awarded the ship management contracts for three TFDE 160,000 cu m capacity LNGCs belonging to Thenamaris LNG Inc. The vessels are due for delivery from Samsung Heavy Industries Co Ltd, Korea, in 2013, following which BSM will be respon
Project 21300 rescue ship Igor Belousov being built at JSC Admiralteyskie Verfi shipyard in St. Petersburg will be launched on Oct 30, an insider at the yard told Central Navy Portal. Works on the new-generation seagoing rescue ship started at the Almaz Design Bureau early in 2003. Technical project
DP World Southampton has raised the bar again in the UK container industry by setting another UK productivity record. On the Hyundai Ambition, the company’s D Team handle 651 moves (54.25 crane moves per hour) on quay crane 29 during a 12-hour night shift. Chris Lewis, Managing Director, DP World So
ABB, the leading power and automation technology group, has announced that Michel Demaré will step down as ABB’s Chief Financial Officer and member of the Executive Committee. He has been appointed as the new Chairman of the Board of Syngenta beginning in April 2013 and will in the future focus on h
Miclyn Express Offshore Limited announced that Saudi Aramco has awarded the Company contracts for three Crew/Utility Vessels. The contracts are 5 years in duration with 2 optional years to extend. The aggregate value for the firm period of the three new contracts is US$26m. The contracts will commen
