Cathelco have won an order to supply seawater pipework anti-fouling equipment for the first purpose built jack-up rig to be constructed for Saudi Aramco. The rig will be built at the Keppel FELS yard in Singapore and is scheduled for delivery in the second half of 2012 when it will be deployed by Sa
Maryland governor Martin O’Malley faced strong opposition yesterday from a key Senate committee regarding his offshore wind power bill. This year’s bill does not impose requirements for mandated utilities to enter long-term contracts with an offshore wind producer, but it sets requirements for the o
Maryland governor Martin O’Malley faced strong opposition yesterday from a key Senate committee regarding his offshore wind power bill. This year’s bill does not impose requirements for mandated utilities to enter long-term contracts with an offshore wind producer, but it sets requirements for the o
Bourbon announces new charter contracts for its vessels since the begining of the year. Newbuilding Bourbon Front has been awarded a contract with Allseas for pipelay support starting April this year. The contract is expected to last ca 50 days. Bourbon Front is a large Platform Supply Vessel design
Scotland’s first near shore commercial wave power array, which will power more than 1,000 homes, has been approved by Energy Minister Fergus Ewing. Two new Oyster wave energy converters will be added to an existing device at the European Marine Energy Centre (EMEC) at Billia Croo, Orkney, to allow o
VERIPOS has recently been awarded a new three-year contract by Technip, a global project management, engineering and construction company serving the energy industry. The contract is for provision of services aboard eight of Technip’s fleet of subsea construction vessels and represents a continuatio
Kvaerner had operating revenues of NOK 3 004 million in the fourth quarter 2011. Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to NOK 249 million, resulting in an EBITDA margin of 8.3 percent. The Board of Directors proposes a dividend of NOK 1.00 per share for 2011.
Norwegian Car Carriers ASA has signed an agreement with an undisclosed party to acquire two state of the art 6,500 CEU car carriers built in 1998 and 1999 with expected closing of the transaction in late March 2012. The total net cash investment for the vessels will be approximately USD 74.0 million
Tritech International reaches a milestone in 2012 as it celebrates its 21st year in business. Tritech began with the idea to develop industry-standard sonars that rivalled the competition in both cost and size. Tritech continues this ethos to innovate, providing high performance subsea technology an
The new directors for Exploration & Production, José Miranda Formigli, and Gas & Energy, José Alcides Santoro, took office this Tuesday morning (Feb. 14) during a ceremony held at Petrobras’ main office building, in Rio de Janeiro. Taking part in the event were Petrobras’ CEO, Maria das Graças Silva
The 26 million Euro (approx USD 34.2 millon) shipbuilding contract for the construction of a new gas carrier, signed in Turkey by the end of 2011, has been officially authorized. Construction of the 9,000 cbm ethylene carrier will commence in the Asian part of Istanbul at Besiktas Shipyard of Yalova
Bourbon announces new charter contracts for its vessels since the begining of the year. Newbuilding Bourbon Front has been awarded a contract with Allseas for pipelay support starting April this year. The contract is expected to last ca 50 days. Bourbon Front is a large Platform Supply Vessel design
RWE Innogy, a German power company, has confirmed a six-month delay for two new ‘Seabreeze’ wind turbine installation ships. Built at South Korea’s Daewoo Shipbuilding yard, the vessels are to be used for the North Sea and Irish Sea windfarm installations. Hans Bunting, RWE’s CFO said: “There were q
Cargotec’s 300th Siwertell unloader contract will see the company deliver its safe, efficient and environmentally-friendly Siwertell system to the Indonesian fertiliser producer, PT Petrokimia Gresik In January this year, Cargotec secured a second contract for a Siwertell ship unloader with the Indo
