Seadrill, one of the world’s largest drilling contractors, has announced it is in advanced discussions regarding a new five-year contract for the drillship West Polaris. This new contract will start in direct continuation of the existing assignment which is scheduled to be completed in October 2012.
China’s manned submersible, Jiaolong, will attempt a deep-sea dive to 7,000 meters. If it succeeds in this mission, China will hold the record for performing the deepest dive. The deep-sea dive will test the vessel’s crew which will conduct a series of tests in the Pacific Ocean starting June 10. Xi
SNC-Lavalin has made the difficult decision to cease its efforts to participate in the Davie Joint Venture. Following an extensive analysis, it is concluded that this initiative did not pass the financial or business risk criteria required to proceed. SNC-Lavalin will collaborate with all stakeholde
Nevsky Shipyard, LLC started mooring trials of the lead multipurpose salvage vessel “Spasatel Karev” (Yard Number 701), capacity 4 MW, Design Project MPSV07. The State Customer of the vessel is the Federal Marine and River Transport Agency. The Customer is The Direction of State Contractor of Marine
Subsea UK launched its annual scholarship initiative which is aimed at boosting the number of highly skilled subsea engineers in the industry. The scholarship programme, which enables successful candidates to study towards a post-graduate MSc in subsea engineering, was introduced last year by Subsea
China Ming Yang Wind Power Group Limited (Ming Yang), a leading wind turbine manufacturer in China, announces its unaudited financial results for the first quarter ended March 31, 2012. First Quarter 2012 Financial Highlights: Total wind turbine generators (“WTGs”) for which revenue was recognized a
China Ming Yang Wind Power Group Limited (Ming Yang), a leading wind turbine manufacturer in China, announces its unaudited financial results for the first quarter ended March 31, 2012. First Quarter 2012 Financial Highlights: Total wind turbine generators (“WTGs”) for which revenue was recognized a
Last week an initial breakthrough was made to further accelerate Germany’s shift to renewable energy. The country’s four major grid operators provided the German government with a new plan for a major grid expansion. The government is reviewing the plan and has recently intensified high-level meetin
Russia’s LUKOIL last week took over the operatorship of offshore exploration projects CI-101 and CI-401 (Republic of Cote d’Ivoire) and Cape Three Points Deep Water (CTPDW, Republic of Ghana) from Vanco Group. All of the three blocks are located close to each other on the deepwater continental slope
Davie Yard Joint Venture, consisted of Upper Lakes Group, SNC Lavalin and Cecon ASA, and established to complete the three vessels under construction at Davie Yard, is about to lose one of its participants. SNC-Lavalin decided to cease its efforts to participate in the Davie Joint Venture. After an
On 30th May 2012, at Sungdong Shipyard, Korea, PetroVietnam Technical Services Corporation and PVN’s subsidiary – Bien Dong Petroleum Operating Company (BDPOC) – held the Keel-laying ceremony for the FSO PTSC Biendong 01. FSO PTSC Biendong 01 – with the capacity of 350,000 barrels – is the sixth FSO
SubC Control introduced the HD-Now conversion pod which provides older ROVs with an easy upgrade path to HD capability. Most ROVs have at least one spare fiber. Utilizing a spare presents the easiest method of getting HD video to the surface. In the cases where the ROV has HD-SDI capability, the bot
Greek oil tanker operator, Almi Tankers S.A. has chosen OceanSaver Ballast Water Treatment solutions for its VLCCs currently under construction at Korea’s Daewoo Shipbuilding & Marine Engineering Co. Ltd. The 320,000 dwt vessels will join Almi’s fleet in July 2013 and November 2014 and are designed
Miclyn Express Offshore Limited has concluded a financing agreement with GE Capital for secured credit facilities of US$23.4m to be used to refinance the existing credit facility for Samson Maritime Holdings Pty Ltd, acquired fully by Miclyn in December 2011. The refinancing was completed in conjunc
