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Business & Finance

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East West Interconnector Fibre Optic Cable Repair Completed in Irish Sea
Business & Finance

East West Interconnector Fibre Optic Cable Repair Completed in Irish Sea

Working under a joint venture for NSW, Osiris Marine Services & Nordic Offshore Marine mobilised the DP1 barge the Atlantis with a full survey/diving/cable repair complimented by subcontractor Reef Subsea Dredging & Excavation’s twin R2000 shallow water controlled flow excavation tool. The East West

about 14 years ago
SIS, StormGeo Work Together on Software Solutions (Norway)
Business & Finance

SIS, StormGeo Work Together on Software Solutions (Norway)

Star Information Systems (SIS) announced that it has signed an agreement with StormGeo that will see both companies work together to develop a range of innovative software solutions for the offshore and shipping industries. At the same time StormGeo has taken a 15 percent stake in SIS – with an opti

about 14 years ago
UK: ECDIS Manufacturers to Publish Information on Updated Software
Business & Finance

UK: ECDIS Manufacturers to Publish Information on Updated Software

The manufacturers of ECDIS (Electronic Chart Display and Information Systems) equipment are to publish information on the latest versions of the software used to operate their equipment, in order to help clarify certain anomalies that had been identified with some older systems. This was the princip

about 14 years ago
Statoil to Order $230 Mln FSU for Heidrun Field (Norway)
Business & Finance

Statoil to Order $230 Mln FSU for Heidrun Field (Norway)

Statoil has, on behalf of the licence owners, issued a letter of intent to Samsung Heavy Industries for construction of a new permanent floating storage unit (FSU) for the Heidrun field in the Norwegian Sea. The contract is worth an estimated USD 230 million and includes options to buy two additiona

about 14 years ago
Deltares: Stimulation of Exports to Canada Signed
Business & Finance

Deltares: Stimulation of Exports to Canada Signed

On Friday 7 September, the covenant ‘Partners for International Business Water and Soil Canada’ was signed by a number of Dutch companies and research institutes including Deltares. The aim of this covenant is to stimulate the export of Dutch know-how, products and services in the field of soil deco

about 14 years ago
Thailand: Clough Wins Manora Oil Field Contract
Business & Finance

Thailand: Clough Wins Manora Oil Field Contract

Engineering and project services company Clough Limited today announced the award of a contract valued at approximately US$60M with Pearl Oil (Amata) Limited, a Mubadala Petroleum affiliate. The contract work will be executed in consortium with TL Offshore SDN Berhad, an installation and transportat

about 14 years ago
The Netherlands: Deltares Begins Construction of Delta Flume
Business & Finance

The Netherlands: Deltares Begins Construction of Delta Flume

Yesterday, Deltares started building the new Delta flume at their premises on Rotterdamseweg in Delft. This research facility will replace the present one in the Dutch North-East Polder and will be much more advanced. The new facility is unique as far as size and test features are concerned. Deltare

about 14 years ago
Australia Invests in Offshore Exploration
Business & Finance

Australia Invests in Offshore Exploration

The Minister for Resources and Energy, Martin Ferguson AM MP, has announced the grant of seven new offshore petroleum exploration permits as part of round two of the 2011 Exploration Acreage Release. The award of these permits will see an estimated $277 million in new investment in offshore areas of

about 14 years ago
PGNiG Norway to Sell Skarv Gas to PST
Business & Finance

PGNiG Norway to Sell Skarv Gas to PST

PGNiG Norway, a subsidiary of Polskie Górnictwo Naftowe i Gazownictwo SA, will sell its share in natural gas output from the Skarv field to PGNiG Sales & Trading. The term of the gas supply contract, valued at approximately EUR 1.3bn, is ten years. PGNiG Norway will start gas deliveries to PST one p

about 14 years ago
MITC Consortium Lands Petronas’ FLNG FEED (Malaysia)
Business & Finance

MITC Consortium Lands Petronas’ FLNG FEED (Malaysia)

The consortium among four companies (“MITC Consortium”) consisting of MODEC, Inc., IHI Corporation , Toyo Engineering Corporationand CB&I Nederland B.V.announced that MITC consortium has been awarded a contract from Malaysian state-operated oil company, Petroliam Nasional Berhad (PETRONAS) for the F

about 14 years ago
China: COSCO Announces Deliveries of Newbuild Bulk Carriers
Business & Finance

China: COSCO Announces Deliveries of Newbuild Bulk Carriers

The Board of Directors of COSCO Corporation (Singapore) Limited announced that subsidiaries of the Company’s 51% owned COSCO Shipyard Group Co., Ltd have made the following deliveries: 1. COSCO (Zhoushan) Shipyard Co., Ltd has delivered two bulk carriers of 57000 DWT, “OBSERVATOR” and “VOYAGER”, res

about 14 years ago
COSL Receives “Exceptional Operational Safety Award” (China)
Business & Finance

COSL Receives “Exceptional Operational Safety Award” (China)

COSL’s HYSY720 fleet recently received the “Exceptional Operational Safety Award” from Chevron Texaco China Energy Co. “Chevron China” in recognition of its exceptional safety management and performance during a 3D data collection operation. The operation carried out by the HYSY720 fleet for Chevron

about 14 years ago
Norway: Historic Subsea Operation at Asgard
Business & Finance

Norway: Historic Subsea Operation at Asgard

For the very first time, remote-controlled machines and an underwater welding robot have installed a new tie-in point on a live gas pipeline, without the pipeline being prepared in advance. This type of operations can save Statoil lots of money in the long run. The hot tap installation is the first

about 14 years ago
ABB Wins Automation Services Contract Renewal for PEMEX in Mexico
Business & Finance

ABB Wins Automation Services Contract Renewal for PEMEX in Mexico

ABB, the leading power and automation technology group, has won an order worth $16 million for the renewal of a lifecycle service contract to maintain and upgrade automation equipment installed on sixteen offshore production platforms in PEMEX’s Cantarell and Ku-Maloob-Zaap Oil Fields. The contract

about 14 years ago
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