Frontline 2012 Ltd. announce that it has completed a private placement of 56,000,000 new ordinary shares of USD 2.00 par value at a subscription price of USD 3.75, raising USD 210 million in gross proceeds to the Company (the “Private Placement”). Frontline 2012 has concluded an agreement to acquire
The 2012 edition of the annual UDT Europe show – a leading forum for the international undersea defence community – will be held in Alicante, Spain, from 29 to 31 May. DCNS specialists will present papers and displays on some of the Group’s latest technologies. A consistent innovator thanks to its R
Industrial deep-sea mining in China can begin as early as 2030, stated the former head of the State Oceanic Administration. China Daily quoted Sun Zhihui as saying: “With the improvement in deep-sea technology, metal resources under the ocean can be explored and mined within 20 years.” China was amo
What strategies, programmes and technologies can the maritime industry adopt to continue with success its progress towards better environmental performance? Answers will be provided by gmec, global maritime environmental congress, to be held at the Hamburg Fair site on 3 and 4 September 2012 on the
Subsea mooring connector specialist, First Subsea, has successfully completed the mooring of the PSVM (Plutao, Saturno, Venus and Marte) FPSO in 2,000 meters (6,562 feet) of water, in the BP Block 31 ultra deepwater development, offshore Angola. The external turret-moored FPSO has 12 mooring lines,
Statoil has received consent to remove the Troll Oseberg Gas Injection (TOGI) template from the seabed and transport it onshore for scrapping and recycling. The TOGI facility is part of production licence 085 and is located south of Troll Øst in block 31/6. The consent relates to removal of the actu
Norway’s Havyard Group group has once again signed a contract for delivery of a PSV vessel to Global Offshore with option for one further delivery. Since 2005 contracts to the value of NOK 2 billion have been signed with the Indian shipping company. This will become offshore vessel number 7 and 8 fr
Havyard Group is proof that it is possible for a Norwegian company to do successful business in India. The group has once again signed a contract for delivery of a PSV vessel to Global Offshore with option for one further delivery. Since 2005 contracts to the value of NOK 2 billion have been signed
Stork Technical Services celebrated a year of outstanding safety performance at its second Annual REACH Safety Awards (Thursday 24 May). The awards recognise Stork employees and teams who, throughout 2011, delivered exceptional safety performance in line with the values of the company’s REACH safety
Bentley Systems, Incorporated, the leading company dedicated to providing comprehensive software solutions for sustaining infrastructure, recently released the latest version of its SACS software for the analysis and design of new and existing fixed offshore oil and gas structures and wind farm stru
Subsea mooring connector specialist, First Subsea, has successfully completed the mooring of the PSVM (Plutao, Saturno, Venus and Marte) FPSO in 2,000 meters (6,562 feet) of water, in the BP Block 31 ultra deepwater development, offshore Angola. The external turret-moored FPSO has 12 mooring lines,
Reef Subsea AS announced that it has successfully completed two contracts for its new subsea support vessels to perform their maiden operations. The Reef Despina and Reef Larissa have recently completed their first projects for Aker Solutions and Heerema Marine Contractors, respectively. Reef Subsea
Petroliam Nasional Berhad (PETRONAS), the national oil company of Malaysia, has formally awarded Talisman Malaysia Limited and PETRONAS Carigali Sdn. Bhd. (PETRONAS Carigali) a new production sharing contract (PSC) for the continuing production, further development and improved recovery of crude oil
Subsea mooring connector specialist, First Subsea, has successfully completed the mooring of the PSVM (Plutao, Saturno, Venus and Marte) FPSO in 2,000 meters (6,562 feet) of water, in the BP Block 31 ultra deepwater development, offshore Angola. The external turret-moored FPSO has 12 mooring lines,
