Xcite Energy yesterday closed on the issue of US$10 million of unsecured Loan Notes to a fund managed by West Face Capital Inc. The funds will be used to provide contingency funding during the important Phase 1A work programme on the Bentley field. The Loan Notes have an initial term of 236 days and
Inchcape Shipping Services (ISS), the world’s leading maritime services provider, has announced the appointment of Capt. Mariano Martinoia as its new General Manager for Brazil. Capt. Martinoia will be based in Rio de Janeiro, at the company’s head office for Brazil. He will be responsible for manag
Inmarsat, the leading provider of global mobile satellite communications services, announces that leading Malaysian shipping conglomerate MISC Berhad (MISC) has signed up 46 of its vessels, comprised of chemical and LNG tankers, for Inmarsat’s XpressLink™ service. Additionally, within the scope of t
FN Diving reported that it has successfully conducted Underwater Bow Thruster CPP Blade exchange and repair in Bremen Port. After an underwater inspection two of the blades on a bow thruster unit on a RORO Vessel were found severely damaged. The 2 Blades were taken off underwater and the bow thruste
On Monday Huntington Ingalls Industries began construction on the amphibious transport dock LPD 27. The ship, being built at the company’s Ingalls Shipbuilding division, is the 11th ship in the USS San Antonio (LPD 17) class of ships. “This is the 11th LPD in what has become a hot production line,”
Burntisland Fabrications Ltd (BiFab) has announced that it has been successful in securing a contract for the £1.4 billion Cygnus Project which will develop the sixth largest gas field in the UK Southern North Sea. The Scottish fabrication company is one of a number of UK companies to benefit from i
Burntisland Fabrications Ltd (BiFab) has secured a contract for the £1.4 billion ($2.18 billion) Cygnus Project which will develop the sixth largest gas field in the UK Southern North Sea. The contract covers the award of the design, procurement and construction of four jackets, complete with piles,
CWE Ireland has applied with the Department of the Environment for the licence to develop a five megawatt wave energy project off the west Clare coast, writes the Irish Times. The company, which is a 100% owned subsidiary of Carnegie Wave Energy Limited, chose this site after a two year research. Ki
Subsea companies will find out all about state-of-the-art oil and gas academy facilities and world-class training opportunities at a “Lunch and Learn” seminar in Aberdeen next week (15 August). More than 20 companies will take part in the session organised by industry body Subsea UK, at Aberdeen Col
Sembcorp Marine Ltd, through Jurong Offshore Pte Ltd’s wholly-owned subsidiaries has secured total contracts worth approximately US$4,32 Billion from Sete Brasil Participacǒes S.A. (Sete Brasil), for the design and construction of five drillships based on Jurong Shipyard’s proprietary Jurong Espadon
Bridge Energy ASA has announced that drilling of exploration well 34/6-2S has started. The well will target the Garantiana prospect which is located 30 km northeast of Visund A platform in the Norwegian North Sea. The well is being drilled by using the Borgland Dolphin semi-submersible drilling rig.
According to the new report by the Global Wind Energy Council (GWEC), the UK has kept its leading position in the offshore wind, reports Energy News Live news portal. The UK has installed more than 2,000MW of wind power in the last year, totaling to 3,813MW. Total installed offshore wind capacity su
This week, Bio Power Systems held information meetings regarding its 250 kW wave energy project. The meetings took place at Port Fairy and Yambuk, with about 50 attendees. The ABC news site quotes Dr Timothy Finnegan, the company’s chief executive, as saying: “Just wanting to be well informed and we
Cochin Shipyard Limited (CSL) delivered a 120T Bollard pull Anchor Handling Tug Supply Vessel (AHTS), “SCI Ahimsa”, at the ceremony held on Tuesday to the Shipping Corporation of India Ltd, Mumbai (SCI). This is the third in the series of four 120T Bollard pull AHTS’ being built by CSL for SCI. The
