Otto Marine Limited, a Singapore based company that builds complex offshore support vessels, and offers specialized offshore services, entered into an AHTS time charter contract for an initial value of US$ 20.8 million over 3 years, with an option to extend for a further 1 + 1 year, bringing the pot
Flexlife, an oil and gas industry specialist in subsea project and integrity management, has announced the successful first application of its innovative product FlexGel, in a North Sea operation for an oil major. FlexGel, an oil-based product that is non-soluble in water and with a density that can
Saturday 4th February saw the arrival in Cowes of the replica of King George V’s J-Class Yacht Britannia, built in Arkhangelsk, Russia. The vessel is a replica of the original which was scuppered off St. Catherine’s Point on 10th July 1936 in accordance with the King’s dying wish that the “boat shou
BlueView Technologies, a company specializing in compact acoustic imaging and measurement technology, yesterday announced the latest delivery of two (2) P900-130 2D Multibeam Imaging Sonar for Fugro Subsea Services in Aberdeen making a total of six (6) units total delivered to the group over the pas
The Bureau of Safety and Environmental Enforcement (BSEE) and the National Oceanic and Atmospheric Administration (NOAA) announced that they are partnering to enhance the Environmental Response Management Application (ERMA®) for the Arctic region by summer 2012. ERMA® is the same interactive online
The Danish Naval Design and Marine Consultancy Knud E. Hansen A/S has developed a highly efficient 50 m factory trawler with a focus on operating efficiency and maximised catch processing facilities. The design delivers excellent fuel economy, reduced environmental impact, and the flexibility to be
Statoil’s fourth quarter 2011 net operating income was NOK 60.7 billion, a 42% increase compared to NOK 42.8 billion in the fourth quarter of 2010. In 2011, net operating income was NOK 211.8 billion compared to NOK 137.3 billion in 2010. “Statoil delivered record financial results, further improved
Members of the G6 Alliance announced today that their groundbreaking cooperation in Asia-Europe container shipping will begin operation in the first week of March – one month ahead of schedule. “We are eager to roll out our competitive products to benefit customers by offering a comprehensive and in
Santos today announced that its total proved and probable (2P) hydrocarbon reserves were 1,364 million barrels of oil equivalent (mmboe) at the end of 2011. Successful appraisal and commercialisation activity, and the sanctioning of the Fletcher Finucane project, added 82 mmboe of 2P reserves in 201
Mitsubishi Heavy Industries, Ltd. (MHI) has developed a system to enhance the damage stability of ships, enabling reduction in capsizing risk, as well as a roll-on/roll-off (RO/RO) ship equipped with the new system. The company has already received an order for the newly equipped vessel from Nippon
Hallin Marine, a Superior Energy Services company, reports a promising start to the year of the Dragon (2012) with four new contracts. Hallin’s West Division heads into battle in search of unexploded 1939-1945 ordnance off the German coast. A Quasar work-class remotely operated vehicle and team are
Hallin Marine, a Superior Energy Services company, reports a promising start to the year with four new contracts. Hallin’s West Division heads into battle in search of unexploded 1939-1945 ordnance off the German coast. A Quasar work-class remotely operated vehicle and team are being provided to sup
Crowley Maritime Corporation’s solutions group and PB Towage Ltd., part of the Pacific Basin Shipping group, have formed a business alliance that combines their respective services and regional positioning to collectively broaden their project management, marine project cargo and logistics capabilit
BlueView Technologies, the world leader in compact acoustic imaging and measurement technology, announces the latest delivery of two (2) P900-130 2D Multibeam Imaging Sonar for Fugro Subsea Services in Aberdeen making a total of six (6) units delivered to the group over the past year. The BlueView P
