Lansdowne Oil & Gas plc, the AIM listed oil and gas exploration company, received the announcement today of the technical update by Providence Resources plc (“Providence”) on the successful Barryroe appraisal well 48/24-10z in the North Celtic Sea. Lansdowne has a 20% interest in the Barryroe projec
To support its growth and finance its investment program for new vessels, BOURBON announced the establishment of new financing for a total of 420 million euros (approximately USD 532 million). The financing takes the form of a new Club Deal for a total of 240 million euros with a syndicate of 8 Fren
An international player in offshore oil and gas marine services, BOURBON, based in France, has secured bank loans to finance the growth of its fleet. Spurred by an increasing world market oil demand, BOURBON decided to invest massively in a new large series of new generation vessels.
The European Commission needs to encourage EU Member States to carry out maritime spatial planning, and co-operate on how they use their sea space, due to the growing number of users of Europe’s seas – including offshore renewable energy – a new report, co-financed by the European Commission’s Intel
Barnstaple and Aberdeen based engineering firm J+S enjoyed a successful launch of their latest addition to their marine renewable energy product portfolio at AllEnergyUK in Aberdeen last May. The J+S Mooring Verification System (MVS) is an extension of the subsea range of products developed specific
Baltic Shipyard held an official launching and naming ceremony on June 19, 2012 for the fourth vessel in a series of non-self-propelled oil tankers of 2734 Project, built under order of the group of companies “Baltic Fuel Company” (BFC). The vessel was named “Ksenia”. Construction of the four tanker
Today Statoil launches its annual outlook for global economics and energy markets – Energy Perspectives 2012. It foresees significant progress for energy efficiency, but global energy demand is still expected to increase by more than 40 per cent towards 2040. Fossil fuels account for the majority of
Noble Energy temporarily suspended the gas flow from Pinnacles #1 well offshore Israel, on June 14, only two days after the gas started flowing. The operator informed its partners, Delek Group, that it would stop the gas flow due to an indication of a gas composition which does not match the specifi
TOP Ships Inc., an international maritime shipping company that provides transportation services for crude oil, petroleum products, and dry bulk commodities, announced today that it entered into a bareboat agreement to charter out the M/V “EVIAN” up to 15 December 2014 at a daily rate of US$ 7,000.
As part of the development of the jackets business towards operational excellence, Nina Udnes Tronstad steps down from her position as Executive Vice President for the Jackets business area and President of Kvaerner Verdal A/S. Senior Vice President Sverre Myklebust will as of today act in both posi
Gassco AS has received consent to carry out modifications on the Ekofisk-Emden gas pipeline in connection with the phase-out of the B-11 compressor facility. Based on studies carried out by Gassco, a decision has been made to route the gas pipeline from Ekofisk to Emden (Norpipe) outside the B-11 co
As part of the development of the jackets business towards operational excellence, Nina Udnes Tronstad steps down from her position as Executive Vice President for the Jackets business area and President of Kvaerner Verdal A/S. Senior Vice President Sverre Myklebust will as of today act in both posi
On the evening of 14th June the winners of the annual Safety at Sea Awards for 2012 presented by Safety at Sea magazine were announced, and awards presented, at a reception held onboard the WW2 cruiser HMS Belfast in London. There were seven awards given in total covering areas such as equipment, tr
The Netherlands based heavylift and transportation specialist, Dockwise Ltd., today announces near USD 85 million backlog additions in new contracts, bringing total for this quarter to approximately USD 102 million. Dockwise was awarded fifteen short term contracts, mainly for execution in Q2 and Q3
