The President and CEO of Wärtsilä Corporation, Mr Ole Johansson, has decided to retire after turning 60 years of age in June, using the right stipulated in his executive contract. The exact timing of his retirement will be announced later. Also, Mr Johansson will not be available to continue in his
A new company providing a comprehensive range of consultancy and support services to the worldwide marine, construction, drilling and floating production industries has been established in Aberdeen. Maritime Assurance & Consulting Ltd (MAC) has been launched by Graeme Reid, who has more than 15 year
Reference is made to the press release of 17 December 2010 regarding the announced sale of “Sea Cougar” and “Sea Wolf 1”. Both vessels have today been successfully delivered to new owners according to the sales agreement and the planned schedule. Following this transaction, Deep Sea Supply’s fleet c
Odfjell Drilling has been awarded the EPC(I) contract for the Veslefrikk field with immediate start up. “We are looking forward to doing this job for Statoil,” says Odfjell Drilling CEO Simen Lieungh. The contract includes upgrading the drilling system on Veslefrikk. A new drilling control centre wi
European Wind Energy Association has recently released an article about “What to expect in 2011”, the report states that as wind power in… (balkans) [mappress] Source: balkans, January 27, 2011
European Wind Energy Association has recently released an article about “What to expect in 2011”, the report states that as wind power in… (balkans) [mappress] Source: balkans, January 27, 2011
Apache Corporation said that production has been shut-in at the Stag oil field and the BHP Billiton-operated Pyrenees floating production, storage and offloading vessel as a result of Tropical Cyclone Bianca. As a result of repeated cyclone-related downtime, repairs to the production facility for th
Eni has been named the leading international company for online financial and corporate communications, in the fourteenth edition of Hallvarsson & Halvarsson’s survey of major international companies operating in 28 different industries. This year, Eni has set a double record in the survey which is
Electromagnetic Geoservices ASA (EMGS) has today been awarded a contract worth USD 8.5 million by a repeat customer to acquire 3D EM data offshore Mozambique. The vessel BOA Galatea will be mobilized in early February, following completion of her current work in New Zealand. The Mozambique survey wi
Crest Subsea has chosen Orange Business Services for the communication infrastructure of its diving support vessels. With this contract, Orange Business Services is responsible for integrating and operating a VSAT satellite communication system specially developed for marine communications. Crest Su
The new Imenco Shark Range will be launching at exhibitions in Europe, North America and Asia in spring 2011. First out is the Subsea UK in Aberdeen February 9-10th. All of Imenco Subsea Cameras have been reviewed and optimized and as a tribute to the different sharks around the world they have been
Teekay Offshore GP LLC, the general partner of Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) , has declared a cash distribution of $0.475 per unit for the quarter ended December 31, 2010, payable on February 14, 2011 to all unitholders of record on February 7, 2011. The Partners
Keppel FELS Limited (Keppel FELS) has secured a contract worth about US$416 million from Discovery Offshore S.A. (Discovery Offshore) to construct two harsh environment jackup rigs based on the proprietary KFELS Super A Class design. The rigs are scheduled for delivery in 1H and 2H 2013 respectively
Murphy Oil Corporation announced today that net income in the fourth quarter of 2010 was $174.1 million ($0.90 per diluted share), compared to net income of $318.8 million ($1.65 per diluted share) in the fourth quarter 2009. Although there were no significant unusual items in the fourth quarter of
