Aker Kvaerner today launches the PodExTM – a new, cost-effective technology solution to the ever-growing challenge of maximising oil and gas recovery from mature subsea fields.
Pipavav Shipyard has bagged an order worth USD 1.06 billion to build 26 Panamax bulk carriers, reports CNBC-TV18. The orders are from Golden Ocean Group, Norway; SETAF, France; and AVGI Maritime, Greece. This is also India’s largest shipbuilding order to date.
Swire Pacific Offshore Holdings Limited (SPO) has signed an agreement with Qingdao Qianjin Shipyard, Qingdao, to build eight new ‘P’ Class Anchor Handling Tug Supply vessels (AHTS) for delivery in 2010 and 2011. The agreement was signed on 24th January by SPO’s Managing Director, J.B. Rae-Smith and
A container ship surrounded by tug boats off of San Francisco’s Aquatic Park on Tuesday caused concern among local residents still skittish over recent environmental disasters that have sent oil and sewage into the bay.
Diesel pollution spewed from the world’s largest ships is increasing in U.S. ports and coastal areas even as regulators rein in car and truck emissions. Some members of Congress and local regulators are demanding that the Bush administration quickly curtail the ship pollutants to protect health inst
The RNLI is hoping to remove the stricken Portrush lifeboat from the rocks at Rathlin Island on Friday. The Katie Hannan was forced onto the rocks by a heavy swell while attempting to rescue three people whose boat was in danger on 29 January.
Ericsson launched the first of their two challengers for the 2008-09 race last night at the World Trade Centre Plaza in Barcelona. The second generation Volvo Open 70, named Ericsson 3 and designed by Argentina’s Juan Kouyoumdjian, was officially christened before an audience of 1,500 guests.
Knightsbridge Tankers Limited reports net income of $60.4 million and earnings per share of $3.53 for the fourth quarter of 2007. Included in the net income figure is a gain of $49.1 million resulting from the sale of 1995- built VLCC Chelsea in December 2007. Earnings per share in the fourth quarte
Oceanteam ASA announced today that it had signed a contract with BARD Engineering GmbH for Inter Array Cable Installation Services associated with the BARD Offshore 1 Wind Farm, due for installation in 2009 & 2010.
Aker Kvaerner has acquired a majority shareholding in the Norwegian company First Interactive AS. The agreement includes an option to buy the remaining shares. Aker Kvaerner is recognised for its development of innovative deepwater drilling technologies, satisfying the industry’s requirements for ef
Full year consolidated revenues of NOK 57 957 million represented an increase of 15 percent compared to 2006. This increase was due mainly to good markets and high activity in all business areas. Fourth quarter consolidated revenues amounted to NOK 14 876 million, slightly lower compared with NOK 15
Operating result is negative with EUR 3.98 mill. Net result is negative with EUR 6.65 mill. Oceanteam takes delivery of the Bourbon Oceanteam 101 and experienced delay on hire to BP Angola.
The Board of Frontline Ltd. (announces net income of $202.3 million for the fourth quarter of 2007, equivalent to earnings per share of $2.70. Operating income for the quarter was $152.7 million including a gain on sale of assets of $53.4 million. This gain consists of $37.0 million relating to the
The environment group Sea Shepherd’s ship, the Steve Irwin, is to resume its anti-whaling campaign in the Southern Ocean free of legal action by Australia. Despite Japanese Government calls to act against the hardline environmentalists, the Australian Federal Police is yet to formally interview any
