U.S. Senators Olympia J. Snowe and Susan Collins and Representatives Mike Michaud and Chellie Pingree applauded the Federal Energy Regulatory Commission’s (FERC) approval of a pilot project license for the Ocean Renewable Power Company (ORPC) of Portland. The permit, which requires close environment
Tug Fairmount Summit has delivered the new build drilling rig ODN Delba III safely from the Persian Gulf to a location offshore Rio de Janeiro, Brazil. The total voyage over a distance of 10,625 miles was performed with an average speed of 6.0 knots. ODN Delba III is a semi submersible drilling rig
Two bids have been placed so far for Cove Energy’s all issued or to be issued shares. Shell’s subsidiary, Shell Bidco, recently offered USD 1.56 billion for Cove, but Thai energy company PTTEP lifted the bar and offered USD 1.77 billion. Still, the bidding process seems to be far from over. The Time
Tug Fairmount Summit has delivered the new build drilling rig ODN Delba III safely from the Persian Gulf to a location offshore Rio de Janeiro, Brazil. The total voyage over a distance of 10,625 miles was performed with an average speed of 6.0 knots. ODN Delba III is a semi submersible drilling rig
MEO Australia Limited releases the findings of an independent report by Senergy (GB) Limited (“Senergy”), commissioned by MEO to provide a preliminary volumetric assessment of the Marina-1 gas and liquids discovery and the Breakwater prospect in its 100% owned WA-454-P, in the Joseph Bonaparte Gulf,
Mr Robert Uggla has been appointed new CEO of SVITZER with effect from 1 May 2012. Robert Uggla has until now held the position as Managing Director of Broström, which is part of Maersk Tankers. He replaces Jesper T. Lok, who was recently appointed new CEO of DSB, the national Danish train operator.
Rickmers-Linie, the Hamburg based operator of heavy lift and project liner services, is expanding its market coverage in China and is enhancing its sales and marketing activities into central China and in Southern China. According to Wolfgang Harms, Rickmers-Linie’s Chief Representative Greater Chin
SeaBird published results for the fourth quarter of 2011 with the following highlights: · A Letter of Intent entered into between SeaBird and Fugro Norway on 3 October 2011 for the sale of the OBN business, completed on 8 December 2011. The transaction also includes two SeaBird vessels on time chart
On February 27th, nearly 200 shipping professionals including ship owners, bankers, ship brokers, governmental officers, suppliers and media staff attended the press conference for the lead ship of CROWN 63 series of Sinopacific Shipbuilding Group in Yangzhou City, China. In the conference, SINOPACI
OceanWorks International has been awarded a contract by the Canadian Department of National Defence for another key piece of equipment which will enable submarine rescue cooperation and interoperability with the U.S. Navy. The A-Frame Template Kit is designed to work along with the Ship Interface Te
Swedish Lundin Norway AS has exercised the option for an additional well with Dolphin Drilling AS, a subsidiary of Fred. Olsen Energy ASA, for use of the semi-submersible drilling unit Bredford Dolphin. The well will be in direct continuation with current contract with Lundin Norway AS. The contract
Unique Maritime Group, one of the world’s leading integrated turnkey subsea and offshore solution providers, announced today the introduction of the Light Weight Taut Wire MK 15 B to their rental pool inventory. The Light Weight Taut Wire Mk 15B is a position-reference system used extensively with D
Trinidad and Tobago’s Ministry of Energy and Energy Affairs (MEEA) has announced that the 2012 Deep Water Competitive Bid Round is tentatively set to open on the 29th of March. Leading up to the opening of the round, the MEEA will participate in road shows 21st – 24th of February at NAPE 2012 in Hou
Endeavour International Corporation reported fourth quarter 2011 net income (loss), as adjusted of $(5.8) million compared to $81.1 million for 2010, when it reported an $87 million gain on the sale of its North Sea asset Cygnus. On a GAAP basis, net loss for the fourth quarter of 2011 was $44.6 mil
