Dyneema® Max is the culmination of a systematic development programme by DSM Dyneema to improve the creep performance of high modulus polyethylene (HMPE) yarn. First trialled as a mooring rope over 10 years ago, the early results with HMPE were promising, however, creep prevented its use as a deepwa
Pacific Rubiales Energy Corp. announced today that it has reached an agreement with BPZ Resources, Inc. to enter into a series of transactions ultimately resulting in the acquisition of beneficial ownership of a 49% undivided participating interest in the Z-1 exploration and development block (“Bloc
Jointly organised by the Maritime and Port Authority of Singapore (MPA) and the Singapore Maritime Institute (SMI), the NGCP Challenge seeks to identify ideas that will achieve a quantum leap in port performance, productivity and sustainability for a new generation of container port that is set 10 y
According to the Financial Times Deutschland, Swiss engineering compay ABB is expecting its offshore wind projects to advance as planned, without delays. Peter Terwiesch, head of ABB in Germany, said that profit margins for the projects are in a “normal development corridor.” Contrary to Siemens who
According to the Financial Times Deutschland, Swiss engineering compay ABB is expecting its offshore wind projects to advance as planned, without delays. Peter Terwiesch, head of ABB in Germany, said that profit margins for the projects are in a “normal development corridor.” Contrary to Siemens who
The Norwegian Petroleum Directorate (NPD) started acquiring seismic in the southern part of the Barents Sea yesterday. “The entire first line of 67 kilometres was acquired before midnight. We are very satisfied with this start-up,” says Lars Jensen, the NPD’s project manager for this summer’s seismi
The Norwegian Petroleum Directorate (NPD) started acquiring seismic in the southern part of the Barents Sea yesterday, 26 April, at 17:28 hours. “The entire first line of 67 kilometres was acquired before midnight. We are very satisfied with this start-up,” says Lars Jensen, the NPD’s project manage
Chevron Corporation today reported earnings of $6.5 billion for the first quarter 2012, compared with $6.2 billion in the 2011 first quarter. Sales and other operating revenues in the first quarter 2012 were $59 billion, compared to $58 billion in the year-ago period. “In the first quarter, we conti
Modus Seabed Intervention, one of the North East’s leading subsea specialist companies, believes membership of a new industry partnership will bring even greater success in the North Sea renewable energy market. Provisionally known as Norstec, the partnership is a global network of businesses aimed
Wilhelmsen Ships Service (WSS) has signed its first fleet Safety Service Agreement with a Japanese principal. The two-year agreement includes 25 panamax and capesize bulk carriers and 18 product carriers on behalf of Tokyo-based Victoria Ship Management. The WSS Safety Service Agreement provides a s
The Board of Directors of Swiber Holdings Limited and together with its subsidiaries announces that Swiber Offshore Construction Pte Ltd and Kreuz Engineering Ltd, direct and indirect subsidiaries of the Company, have incorporated a new wholly owned subsidiary in Mexico, known as Swiber Offshore Mex
Swiber Offshore Construction Pte Ltd (“SOC”) and Kreuz Engineering Ltd (“KEL”), subsidiaries of Singapore-based Swiber Holdings Limited , have incorporated a new wholly owned subsidiary in Mexico, known as Swiber Offshore Mexico SA DE CV (“SOM”). The initial issued share capital of SOM is 50,000.00
Prysmian Group, world leader in the energy and telecom cable systems industry, will showcase at OTC 2012 in Houston, TX (USA) from April 30th to May 3rd, booth # 4753. The participation in the event represents the first official presence of the Prysmian Group, after the recent merger between Prysmia
Recognising the ever increasing demand for more fuel efficient and environmentally friendly vessels, leading tanker owner/operator, AET, has taken delivery of the first of four “eco-design” Suezmax tankers. These are the first Suezmax vessels to be owned by the company. Built by Samsung Heavy Indust
