Northern Petroleum announces plans to commence drilling in mid 2012 on the Guyane permit offshore French Guiana, to follow up on the Zaedyus oil discovery in late 2011 that demonstrated the prospectivity of this licence area off South America. This is a relatively low cost investment for Northern wi
The Norwegian subsea entrepreneur Ocean Installer and A/S Norske Shell signed 30.03.12 a Letter of Intent to award an important contract. The contract covers EPCI (Engineering, Procurement, Construction, Installation) services in the context of A/S Norske Shell’s further development of the Draugen f
OW Bunker, one of the world’s leading suppliers and traders of marine fuel, today announced its intention to launch new operations in the US. With an anticipated commencement date of May 2012, the move will provide the company with a complete global offering for its customers. OW Bunker already has
The Norwegian subsea entrepreneur Ocean Installer and A/S Norske Shell signed 30.03.12 a Letter of Intent to award an important contract. The contract covers EPCI (Engineering, Procurement, Construction, Installation) services in the context of A/S Norske Shell’s further development of the Draugen f
After intensive research and the consolidation of the markets SubCtech has succeeded in the breakthrough that they always were waiting for. With company’s know-how in deepwater engineering and ship-measuring systems, they could combine the two business divisions. SubCtech proudly announced a success
Siem Offshore and Fugro Geo Vessels AS (“the Charterer”), a subsidiary of Fugro Norway AS, has agreed to extend the bareboat charter of the PSV “Hugin Explorer” for a period of six years. The new period commenced 1 April 2012, and the Charterer has options to extend the bareboat charter with 1+1 yea
Siem Offshore and Fugro Geo Vessels AS (“the Charterer”), a subsidiary of Fugro Norway AS, has agreed to extend the bareboat charter of the PSV “Hugin Explorer” for a period of six years. The new period commenced 1 April 2012, and the Charterer has options to extend the bareboat charter with 1+1 yea
Cape Wind will reduce wholesale electric prices for the New England region by $7.2 billion over 25 years, according to a new report published by Charles River Associates, a leading economic consulting firm. The report shows that ISO New England, the electric grid operator, first dispatches electric
Damen Shipyards is the new operator of French shiprepair yard Sobrena. The yard will be renamed Damen Shiprepair Brest and will continue to serve the maritime and offshore industries with shiprepair and conversion services. The yard has three drydocks (up to 420 x 80 m) and will be available for rep
Oil and Natural Gas Corporation Limited, India and ConocoPhillips, USA, two E&P majors have signed a Memorandum of Understanding (MoU) for cooperation in exploration and development of shale resources in India, North America and elsewhere besides deepwater opportunities in Eastern offshore India. At
Wave energy developer, Carnegie Wave Energy Limited, advises that it is in the final stages of negotiations over the location of its grid-connected, CETO commercial demonstration project. The Company will update the market more fully once negotiations are complete. The CETO system distinguishes itse
Regarding the two seeps – one in November, 2011 and the second in early March, 2012 – found in the Frade oil field, in Campos Basin, offshore Brazil, Chevron (Operator of the Frade oil field) released an open letter to the public on 29 March 2012 on the major Brazilian newspapers as described below.
Diana Shipping Inc., a global shipping company specializing in the ownership and operation of dry bulk vessels, on Friday, March 30, announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to purchase from an unaffiliated third party the m/v “Mining Star”,
The Port of London Authority (PLA) has placed a £6 million order for a Mooring Maintenance Vessel (MMV), with MPI Services (UK) Limited, trading as Manor Marine. The contract for the MMV is the PLA’s largest single investment in over 20 years. The vessel will replace the PLA’s two salvage ships, Cro
