GeoRXT B.V., the joint venture between Georadar Levantamentos Geofísicos S/A and RXT, has been awarded its first contract in Brazil by Petróleo Brasileiro S/A to acquire OBC data over the Marlim and Marlim Leste fields. The contract value is estimated to USD 103 million and commencement of the work
The Northwest Energy Angels, the Pacific Northwest’s only angel group focused exclusively on providing early-stage capital to cleantech entrepreneurs, continued its mission of building a vibrant cleantech community in 2011 by investing more than $880,000 in nine cleantech companies, one receiving a
The Northwest Energy Angels, the Pacific Northwest’s only angel group focused exclusively on providing early-stage capital to cleantech entrepreneurs, continued its mission of building a vibrant cleantech community in 2011 by investing more than $880,000 in nine cleantech companies, one receiving a
GE Oil & Gas has received a contract of more than USD$150 million from Apache in Australia to supply subsea equipment for the Julimar Development Project, located offshore near Dampier in Western Australia. The contract will further strengthen GE’s presence in Australia’s LNG sector. The Apache-oper
Further expanding its presence in Australia’s liquefied natural gas (LNG) sector, GE Oil & Gas has received a contract of more than USD$150 million from Apache in Australia to supply subsea equipment for the Julimar Development Project, located offshore near Dampier in Western Australia. The Apache-
Norway’s Statoil has awarded Songa Offshore with contracts for two newbuild “cat D” semisubmersible rigs. This award follows the agreement of July 2011 between Songa Rig AS and Statoil for the first two cat D rigs. The contract period is for eight years with an aggregated value of USD 2.66 Billion,
One of the key elements in the successful construction of an offshore wind park is the skilful installation of cables – a complicated task that is often subject to huge repair costs. Cable damage causes over 70% of all insurance claims on installed wind parks, which shows that there is great need fo
International Shipholding Corporation announced today that on February 22, 2012, it completed a sale and leaseback transaction for its 2007-built Pure Car Truck Carrier, Green Bay. The Company expects to generate proceeds of about $59 million from this transaction which will be used to pay down debt
On the 23rd of February the Trans Adriatic Pipeline started a nearshore survey north of Vlore in south-eastern Albania. The purpose is to collect samples of the seabed soil near the Albanian coast along the planned route of the natural gas pipeline, which plans to bring Caspian gas to southern Italy
Beginning of 2012 VOSTA LMG and APT Global Marine Services LLC have signed an agreement for co-operation in the field of Dredger construction, manufacture of components and servicing of dredger vessels operating in the Middle East, North African (MENA) region. VOSTA LMG is a well experienced technic
Dana Petroleum plc (‘Dana’), a subsidiary of Korea’s KNOChas reached an agreement with Hess Corporation to acquire Hess’ 28.3% interest in the Bittern field, increasing Dana’s share to 33%. As a result of the transaction Hess will resign the affiliated operatorship of the Triton floating production,
Chinese corporation, BGP, announces the launch of 2D seismic survey for exploration of oil and gas in two blocks of the Bay of Bengal. Energy and Mineral Resources Division secretary says that the survey started this week, and should end by April. BGP was chosen by ConocoPhillips to conduct the surv
Wilhelmsen Ships Service (WSS) has reported consistent growth and increased market awareness over the last few years for its world-leading portfolio of Marine Products in New Zealand, according to Nigel Smith, WSS General Manager for New Zealand and Pacific Islands. Recently relocated from central c
Havyard Group AS has sold yet another Havyard 832 design, the 15th of its kind. Yesterday, Vestland Offshore ordered a PSV vessel, with an option for one further delivery. The first vessel to be constructed is of a Havyard 832 L design, whereas the optional ship is of a Havyard 833 design. Both vess
