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Business & Finance

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MIT: New Technique to Clean Up Oil Spills (USA)
Business & Finance

MIT: New Technique to Clean Up Oil Spills (USA)

Massachusetts Institute of Technology (MIT) researchers have developed a new technique for magnetically separating oil and water that could be used to clean up oil spills. They believe that, with their technique, the oil could be recovered for use, offsetting much of the cost of cleanup. The researc

about 14 years ago
SKF Supplies Magnetic Bearings for Two Australian Gas Projects
Business & Finance

SKF Supplies Magnetic Bearings for Two Australian Gas Projects

SKF recently announced that it will supply magnetic bearings to two new major gas projects in Australia. SKF’s S2M magnetic bearings will equip the natural gas treatment turbo expanders for the Ichthys Gas Field project and the Prelude first FLNG barge. Vincent Megret, Managing Director, SKF Magneti

about 14 years ago
UK: Alicat Delivers Latest Catamaran to Dalby Offshore
Business & Finance

UK: Alicat Delivers Latest Catamaran to Dalby Offshore

Continuing the long history of shipbuilding in Great Yarmouth, Alicat Workboats, based on Southtown Road and part of the Gardline group, formally handed over its latest vessel. This aluminium catamaran was manufactured by a company with a reputation of being one of the best builders of wind farm sup

about 14 years ago
Norway: Borgland Dolphin Gets USD 575 Mln Worth Contract
Business & Finance

Norway: Borgland Dolphin Gets USD 575 Mln Worth Contract

Dolphin Drilling AS, a subsidiary of Fred. Olsen Energy ASA, has entered into a Letter of Award (LOA) with a Rig Management Norway AS consortium consisting of four oil companies. The LOA is for a 15 well drilling contract with an estimated duration of 3 years for the semi-submersible drilling rig Bo

about 14 years ago
Rialto Appoints Non-Executive Director (Australia)
Business & Finance

Rialto Appoints Non-Executive Director (Australia)

The Board of Rialto announces the appointment of Mr. Andrew Donald Bartlett as a Non-executive Director of the Company. Mr. Bartlett. 54, has over 30 years of experience in the Oil & Gas Industry. He has a wide range of skills, in both the upstream industry and across finance in M&A, Project and Mez

about 14 years ago
Fairmount Sherpa Tows Atwood’s Rig from Mauritius to Trinidad
Business & Finance

Fairmount Sherpa Tows Atwood’s Rig from Mauritius to Trinidad

Fairmount Marine’s tug Fairmount Sherpa has delivered rig Atwood Condor fast and safely in Port of Spain, Trinidad. The semi submersible rig was towed from Port Louis, Mauritius, over a distance of 8,100 nautical miles with an average speed of 8.5 knots. The Atwood Condor is a 2012 Singapore build d

about 14 years ago
Nexans Launches New Anti-Theft Cable Solutions (Germany)
Business & Finance

Nexans Launches New Anti-Theft Cable Solutions (Germany)

Nexans, a worldwide expert in the cable industry, is launching its new anti-theft cable solutions at InnoTrans – which promises to help network operators reduce the high volume of copper cables theft along their railway networks. The solution comprises two approaches to help combat the predominant t

about 14 years ago
Malaysian AET Wins Major North Sea DP Contract with Statoil
Business & Finance

Malaysian AET Wins Major North Sea DP Contract with Statoil

AET, a leading global owner and operator of a fleet of 82 petroleum tankers, has on 12th September 2012, agreed to enter into a long-term contract with Norwegian energy giant Statoil ASA to operate two specialists DP2-type shuttle tankers. The vessels will be operated through a joint venture company

about 14 years ago
Fairmount Sherpa Tows Atwood Condor from Mauritius to Trinidad
Business & Finance

Fairmount Sherpa Tows Atwood Condor from Mauritius to Trinidad

Fairmount Marine’s tug Fairmount Sherpa has delivered rig Atwood Condor fast and safely in Port of Spain, Trinidad. The semi submersible rig was towed from Port Louis, Mauritius, over a distance of 8,100 nautical miles with an average speed of 8.5 knots. The Atwood Condor is a 2012 Singapore build d

about 14 years ago
Mariners Should Use Caution near Buoy Site (USA)
Business & Finance

Mariners Should Use Caution near Buoy Site (USA)

The U.S. Army Corps of Engineers and other agencies deployed a data buoy off the coast of Block Island, Rhode Island, three years ago to gather information on wave action for a Corps study and the scientific instrument has been providing useful information to scientists, mariners and the general pub

about 14 years ago
SNAME Recognizes Outstanding Accomplishments (USA)
Business & Finance

SNAME Recognizes Outstanding Accomplishments (USA)

The Society of Naval Architects and Marine Engineers (SNAME) will recognize three individuals for their outstanding accomplishments in the marine field and ship research and achievements in naval architecture, marine engineering or ocean engineering. The annually awarded medals will be presented at

about 14 years ago
The Netherlands: Seafox Group Sells Two Jack-Up Units to Coastal Energy
Business & Finance

The Netherlands: Seafox Group Sells Two Jack-Up Units to Coastal Energy

Seafox Group sells jack-up units Seafox 3 and Seafox 6 to her client Coastal Energy. Seafox have found a partner in Coastal Energy that requires existing jack-ups in more benign environments as mobile offshore production units (MOPU). This demand fits well with some of their older harsh environment

about 14 years ago
Shell to Use New Subsea Loading System on Draugen Field (Norway)
Business & Finance

Shell to Use New Subsea Loading System on Draugen Field (Norway)

Norske Shell has been granted consent to use the new subsea loading system for crude oil on the Draugen field. Installation and commissioning of the new subsea loading system is planned during the fourth quarter of 2012. During commissioning of the new system, the existing loading buoy (FLP) will be

about 14 years ago
Malaysia: Lundin Spuds Merawan Batu-1 Exploration Well
Business & Finance

Malaysia: Lundin Spuds Merawan Batu-1 Exploration Well

Lundin Petroleum AB (Lundin Petroleum) announces that it has commenced the third well in its 2012 Malaysian drilling campaign with the spud of Merawan Batu-1 exploration well in PM308B Block, offshore east coast Peninsula Malaysia. The well will target hydrocarbons in Oligocene aged sands in a fault

about 14 years ago
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