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Business & Finance

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NOAA: ERMA – Important Step Forward for Arctic Region
Business & Finance

NOAA: ERMA – Important Step Forward for Arctic Region

A new federal interactive online mapping tool used by emergency responders during the Deepwater Horizon oil spill has been expanded to include the Arctic, and will help address numerous challenges in the Arctic posed by increasing ship traffic and proposed energy development. NOAA and the Department

about 14 years ago
UK: Frost & Sullivan Recognizes Eco Wave Power for Its Innovations in Wave Energy
Business & Finance

UK: Frost & Sullivan Recognizes Eco Wave Power for Its Innovations in Wave Energy

Based on its recent analysis of the wave energy generation market, Frost & Sullivan recognizes Eco Wave Power with the 2012 European Frost & Sullivan Award for New Product Innovation for developing and implementing an all-round solution for effective energy harvesting from waves. “Driven by the ener

about 14 years ago
The Netherlands: Two Van der Velden ATLANTIC Rudders for Ambiorix
Business & Finance

The Netherlands: Two Van der Velden ATLANTIC Rudders for Ambiorix

Two Van der Velden® ATLANTIC rudders in combination with Van der Velden COMMANDER™ ram-type steering gear have been installed on board the dredger Ambiorix. Van der Velden Marine Systems will exhibit at the SMM 2012 International Trade Fair in Hamburg. The fair will be held from 4 until 7 September

about 14 years ago
Island Offshore Awards GNSS Extension Contract to Veripos (UK)
Business & Finance

Island Offshore Awards GNSS Extension Contract to Veripos (UK)

Island Offshore, leading suppliers of ship-borne marine services to the world offshore industry, has awarded Veripos a further three-year contract for continuing provision of precision GNSS positioning services for 16 DP vessels. This is in addition to another 6 due to begin service in the near futu

about 14 years ago
Norway: Siem Offshore Sells MRSV Siem Swordfish
Business & Finance

Norway: Siem Offshore Sells MRSV Siem Swordfish

Siem Offshore announces that the sale and delivery of the Siem Swordfish was concluded on 31 July in line with the charterer’s purchase option that was exercised in December 2009. The gross sales proceeds is in the equivalent of USD 54 million. The proceeds will be used to repay bank debt and to str

about 14 years ago
Dry North Sea Well for Wintershall (Norway)
Business & Finance

Dry North Sea Well for Wintershall (Norway)

Wintershall Norge AS, operator of production licence 370, has completed drilling of wildcat well 33/6-4. The well is dry. The well was drilled about 25 kilometres northwest of the Statfjord Nord field in the North Sea. The objective of the well was to prove petroleum in reservoir rocks from the Pale

about 14 years ago
A&P Moves into Oil and Gas Sector (UK)
Business & Finance

A&P Moves into Oil and Gas Sector (UK)

Based in two North East England locations, A&P North East is a company with ship repair and conversion yards on the rivers Tyne and Tees. Part of the A&P Group which also includes A&P Falmouth where ship repair and conversion services have been taking place for more than 150 years, the modern North

about 14 years ago
Pacific Fibre Ceases Operations (New Zealand)
Business & Finance

Pacific Fibre Ceases Operations (New Zealand)

The Pacific Fibre board resolved to cease operations, citing an inability to raise the NZ$400m required to fund the cable build. Pacific Fibre launched in March 2010 and planned to build a 13,000km high-speed fibre-optic cable connecting New Zealand and Australia to California. “A 13,000km cable is

about 14 years ago
Petrobras Allocates USD 5.6 Bln to Increase Production from Mature Fields (Brazil)
Business & Finance

Petrobras Allocates USD 5.6 Bln to Increase Production from Mature Fields (Brazil)

Petrobras will earmark US$5.6 billion to increase to 90% the operating efficiency of its mature fields in the Campos Basin Operating Unit (UO-BC) by 2016. First quarter 2012 data show that the operating efficiency index at the fields connected to this unit are currently at about 72%. The information

about 14 years ago
Oil & Gas UK Publishes Well Control Guidelines Produced by WLCPF
Business & Finance

Oil & Gas UK Publishes Well Control Guidelines Produced by WLCPF

Four guidelines in a series being produced by the Well Life Cycle Practices Forum (WLCPF) have been published yesterday (31 July ) by Oil & Gas UK to improve cross industry understanding of well-related issues on the UK continental shelf. The guidelines have been developed to share current good indu

about 14 years ago
SARC, MasterShip Software to Present at SMM 2012 (Germany)
Business & Finance

SARC, MasterShip Software to Present at SMM 2012 (Germany)

SARC and MasterShip Software have joined forces and will be present together at the SMM 2012 exhibition in Hamburg. Now, SARC (design and stability software) and MasterShip (modeling and production software) closely cooperate. This leads to a smooth workflow from concept design to construction model

about 14 years ago
Eni Encounters 200m of Gas Pay Offshore Mozambique
Business & Finance

Eni Encounters 200m of Gas Pay Offshore Mozambique

Eni announces a new giant natural gas discovery in the eastern part of Area 4, offshore Mozambique, at the Mamba North East 2 exploration prospect. This is the fifth exploration well successfully drilled in the area. The new discovery adds at least 10 trillion cubic feet (tcf) of gas in place to Are

about 14 years ago
Nalcor Energy, Emera Sign Formal Agreements for Muskrat Falls (Canada)
Business & Finance

Nalcor Energy, Emera Sign Formal Agreements for Muskrat Falls (Canada)

The Muskrat Falls development reached a significant milestone yesterday, as the Government of Newfoundland and Labrador announced that formal agreements have been reached between Nalcor Energy and Emera Inc. for the development and transmission of hydroelectric power from Muskrat Falls. The agreemen

about 14 years ago
Oil & Gas UK: New Guidelines on Well Control, Integrity and Abandonment
Business & Finance

Oil & Gas UK: New Guidelines on Well Control, Integrity and Abandonment

Four guidelines in a series being produced by the Well Life Cycle Practices Forum (WLCPF) were published yesterday (31 July ) by Oil & Gas UK to improve cross industry understanding of well-related issues on the UK continental shelf. The guidelines have been developed to share current good industry

about 14 years ago
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