Norman ASA, a global security leader, enters an OEM agreement where it will supply the Norman SCADA Protection (NSP) system to Kongsberg Maritime. KONGSBERG will use the NSP security solution in its maritime systems that it supplies worldwide. Kongsberg Maritime is a leading global supplier of marit
Dolphin International AS, a subsidiary of Fred. Olsen Energy ASA, has signed a new five year bank credit facility of up to USD 1.500 million. The credit facility will be used to prepay existing bank loans, full-finance the newbuild Bolette Dolphin, under construction at Hyundai Heavy Industries’ shi
Karoon Gas Australia Ltd advises that at 06:00 hours (WST) today, ConocoPhillips was completing pressure testing and pre-deployment checks of the blowout preventers on surface, at Boreas-1 well, offshore Australia. Since the last report, the BOPs and marine riser were run to the sea floor, and after
A few days after Aggelikousis Group’s US$1.25 billion credit facility with six banks for the financing of nine LNG carriers was made public, delegates of a shipbuilding conference held during the fourth day of this year’s Posidonia Exhibition heard that increasing defaults on existing financing agre
Atlantic Offshore’s oldest PSV is now sold and delivered to new owners. The vessel will leave the offshore supply market and enter the windmill support market. It was sold slightly above book value. Atlantic Offshore, previously known as Sartor Offshore AS was established in 2008. The company acquir
Statoil increases its efforts relating to supply of gas to the Asian market, and has for the first time entered into an agreement for long-term LNG deliveries in that region. This week Statoil signed an agreement to deliver LNG to Petronas at their LNG import terminal in Malaka. “We have had a very
M3Wave announced that the company has surpassed the $500,000 mark in grant awards in the last 18 months. M3 Wave Energy Systems LLC was formed to commercialize the DMP ocean power device. Funding for M3 Wave Energy Systems LLC is predominantly a combination of US Government grants and private invest
Ciena® Corporation, the network specialist, announced its collaboration with the LION2 consortium on the recently inaugurated second phase of the LION (Lower Indian Ocean Network) submarine cable project in Africa. As part of the project, Ciena’s intelligent optical switching solution – already depl
NERC is considering a merger of the scientific and logistics management of marine and polar science delivered through its National Oceanography Centre (NOC) and British Antarctic Survey (BAS). A marine and polar headquarters would deliver a single management function whilst retaining the identity of
Singapore-based NOL Group has won accolades for excellence in Shipping and Logistics at the 26th Asian Freight & Supply Chain Awards (AFSCAs) in Shanghai. For a second consecutive year, NOL’s two principal businesses, APL and APL Logistics, have been named the Best Shipping Line – Transpacific and B
InterManager, the international trade association for the ship management industry, has boosted its membership with several new members joining its ranks during the first quarter of this year. Full members joining include ship management company Nigeria LNG and crew manager Nedcon. They are joined b
After 16 years of experience in providing complete electrical packages to the maritime and ship-building industry, Alewijnse RETEC Romania has developed a dedicated Service Department in order to solve any failures of the on-board electrical systems, 24 hours a day/7 days a week, anywhere in the wor
Hydratight’s Asia Pacific operation has made major structural changes to meet the region’s accelerating demand for its expertise. The company has grown significantly in the past two years – and expects to double in size every three years, to keep pace with demand for its core joint-integrity experti
CGGVeritas announced that it has signed a Memorandum of Understanding (MOU) with Saudi Aramco for collaborative research and development of geophysical acquisition, processing, analysis and interpretation technologies. The MOU creates a framework for Saudi Aramco and CGGVeritas to identify opportuni
