Siemens plans to expand its presence in the important growth market Brazil – setting the course for sustainable long-term growth in the country. The company intends to invest up to 1$ billion over the next five years with the aim of strengthening and expanding its business in Brazil. Investment will
The shipbuilding giant Fincantieri Cantieri Navali Italiani S.p.A. and NLI, a Norvegian total supplier to Oil & Gas business, announced the signing of a collaboration agreement, supporting the aim to penetrating the Mobile Drilling Units construction market. This agreement includes the development o
Lake Erie Energy Development Corp. (LEEDCo) was declined a USD 5 million worth funds for Lake Erie offshore wind farm proposal. Even though the Ohio Department of Development suggested they grant the money, the Third Frontier Commission did not vote in favour, the Crain’s Cleveland news portal infor
Construction of the European Marine Science Park (EMSP) has begun at Dunstaffnage near Oban, which will offer commercial space for businesses at one of the world’s leading sites for marine research and development. The 20,000 square feet building will be available by the end of 2012, with further de
In a letter dated 13 April 2012, the Petroleum Safety Authority Norway (PSA) issued ConocoPhillips a notification of order to shut down all systems that require a functioning depressurisation system on Tor 2/4 E until a depressurisation system that complies with regulatory requirements is in place.
BSEE Director Jim Watson hosted an offshore energy safety forum that brought together federal decision-makers, industry, academia, and other stakeholders to discuss additional steps that BSEE and the industry can take to continue to improve the reliability and safety of blowout preventers (BOPs). Du
The inauguration of the new premises for the Maritime Training Centre took place on Friday, 18th May, 2012, Limassol, Cyprus with the blessing of the Bishop of Limassol Athanasios and in the presence of municipal and state officials. BSM, known in Cyprus until recently as Hanseatic, was established
Marubeni Corporation (Marubeni) and Innovation Network of Japan (INCJ) have jointly completed a deal after closing the financing for the acquisition of Seajacks International Ltd. (Seajacks), whose purchase had been agreed upon with Riverstone Holdings LLC. The finance was provided through a syndica
Pemamek Oy Ltd has agreed on design, construction and delivery of a flat panel line for Baku Shipyard LLC from Azerbaijan. After commissioning in early 2013, Baku Shipyard will operate a latest-technology flat panel line for ship panel fabrication in their new facility. The scope of the delivery is
CTruk Boats, innovative UK shipyard on the east coast, has secured five new orders at Seawork 2012. The company will build the first CVenture40, which offers year-round utilisation for owner-operators, and four 19m multi-purpose catamarans (MPC). Andy White, Chairman of CTruk Boats, said, “These ord
The last in the series of new D class Emergency Response and Rescue Vessels (ERRVs), commissioned by Craig Group in a £35million investment programme, has been launched. The Grampian Defiance, the last of four new-build emergency rescue and response vessels (ERRVs) which will be managed by Craig Gro
As part of the Obama administration’s ongoing efforts to strengthen the oil and gas industry’s ability to respond in the event of a deepwater blowout and ensure that offshore oil and gas production can continue to expand safely and responsibly, Secretary of the Interior Ken Salazar charged the Marin
Marubeni Corporation (Marubeni) and Innovation Network of Japan (INCJ) have jointly completed a deal after closing the financing for the acquisition of Seajacks International Ltd. (Seajacks), whose purchase had been agreed upon with Riverstone Holdings LLC. The finance was provided through a syndica
Marubeni Corporation (Marubeni) and Innovation Network of Japan (INCJ) have jointly completed a deal after closing the financing for the acquisition of Seajacks International Ltd. (Seajacks), whose purchase had been agreed upon with Riverstone Holdings LLC. The finance was provided through a syndica
