Oil & Gas UK’s 2012 Economic Report, published today (5 July), highlights how constructive engagement between the Government and industry on the stewardship of the UK’s oil and gas resource over the last twelve months has succeeded in promoting investment and increasing the reserves planned for reco
EnBW Energie Baden-Württemberg AG (EnBW) has successfully performed the capital increase adopted by resolution on 14 June 2012. In total, 26,598,504 new no-par value bearer shares were purchased at a subscription price of € 30.90 each in return for cash contributions. Gross issue proceeds thus amoun
Hutton’s, the UK’s leading ship supplier, is to merge with Harbour Chandlery Marine Services (HCMS) and in that way advance its offshore industry supply chain. Harbour Chandlery Marine Services is a Norfolk-based specialist supplier of commercial services to the offshore industry. The company will n
Fugro Offshore Geotechnics, specialists in marine site investigation and geo-consulting, and Gregg Marine, Inc., specialists in seabed robotic drilling, announce the formation of a new Joint Venture company: Seafloor Geotec, LLC (SGL). SGL will be headquartered in Moss Landing, California, United St
Farstad Shipping ASA has as of June 2012, granted a contract to Aalesund Data AS for the delivery of Itrust Bandwidth Optimizer (IBO) solution onboard its fleet of over 50 ships. Aalesund Data AS has worked closely with Farstad ASA in the process of testing and customization of the IBO solution for
Statoil is preparing to shut down production on the Norwegian continental shelf (NCS) following a notice of lockout. The Norwegian Oil Industry Association (OLF) announced today that a lockout will be imposed on all members of Industry Energy (Industri Energi), the Organisation of Energy Personnel (
Minister for Defence Stephen Smith and Minister for Defence Materiel Jason Clare today announced the launch of the second Landing Helicopter Dock (LHD) at the Navantia shipyard in Spain. The launch represented a major milestone in the shipbuilding process and was attended by the Chief of Navy, Vice
With a clearance of just a few centimeters, Blue Water Shipping is the first company in history to transport cargo with a width of 17.35 m on the Volga-Don river system. One of the items shipped on the barge weighed in at 1,050 mt. The record-breaking transport was part of a shipment of 4 river [&he
Dubai Maritime City Authority (DMCA) announced on July 3 that it is launching the first ever Dubai Maritime Week, to be held in November this year. In collaboration with several strategic partners from Dubai Government, DMCA will organize a number of maritime industry-related activities and events,
Jotun COSCO Marine Coatings (Qingdao) Co Ltd has announced that the company has reached an important agreement with COSCO Container to help reduce fuel costs and carbon emissions. Under the terms of the agreement, Jotun will supply its top of the range Hull Performance Solution, including SeaQuantum
The citizens from Shapinsay, Scotland, will receive clearer, fresher water supplies thanks to a subsea pipeline project, Trenchless International reports. This £3.1 million Scottish Water Solutions project included drilling of a 300 mm diameter hole under the seabed over a distance of 2 km. This is
Enormous amounts of rare earth deposits were discovered about 1,243 miles southeast of Tokyo. Japanese researchers that made the discovery announced that the amount is enough to supply Japan with minerals for 230 years, Upi.com reports. The group headed by University of Tokyo Professor Yasuhiro Kato
Hyundai Heavy Industries, the world’s biggest shipbuilder and a leading marine engine manufacturer, announced today that it will supply 18 gas emission reduction systems for three drillships ordered by Rowan in June 2011. The eco-friendly Selective Catalytic Reduction (SCR) system can reduce NOx emi
Mitsubishi Heavy Industries, Ltd. (MHI) will begin developing”UEC-LSGi,” low-speed, dual-fuel, marine diesel engines capable of using not only conventional heavy oil but also natural gas for their fuel. The new engine will be added to the lineup of the Mitsubishi UEC Engine Series, the company’s 2-s
