ABB say its Onboard DC Grid will receive a 'Spotlight on New Technology Award' at the Offshore Technology Conference (OTC) May 6-9, 2013 in Houston.The awards honor innovative technologies for the oil and gas industry and related energy sectors…
Risk is at the heart of all financial transactions. That said; in cases of Mergers and Acquisitions, buyers and sellers of companies can and do have contrasting goals and very different notions of risk in a deal. Sellers often take their company or division to market in order to reduce risk…
Edda Accommodation, operated by Østensjø Rederi, order a mono-hulled accommodation vessel from Hyundai Heavy Industries.This next generation Offshore Accommodation Vessel, designed by Salt Ship Design, is 155 meter long and will have a total…
Existing charter contracts for AHTS icebreakers 'Tor Viking' and 'Balder Viking' not extended; other charter fixed.The vessels had since 1999/2000 been available to the Swedish Maritime Administration (SMA) every Q1 for icebreaking duties…
Prosafe awarded a contract for its 'Regalia' vessel at the North Sea, Montrose Platform, of Talisman Sinopec Energy UK.The contract has been awarded following a competitive tendering process and is for a firm period of 450 days with on-site operations planned to commence late August 2014…
Grandweld Shipyards has been awarded a contract to build a 42M Aluminum Crew Boat for Maroos Shipping. Grandweld signed the deal with the renowned provider of integrated shipping, and marine services on the 10th March 2013. The contract…
Bibby Ship Management India Pvt. Ltd contracted Kongsberg Maritime to deliver a Kongsberg Offshore Vessel Simulator (KOVS) including an upgrade of the customer’s existing Kongsberg Dynamic Positioning (DP) simulator in Mumbai. This extension…
Scana Industrier ASA subsidiary, Scana Offshore Vestby, has signed a winch supply contract with UK-based Dana Petroleum.The contract is for delivery of mooring winches for Dana Petroleum's new floating production, storage and offloading vessel…
Keppel FELS say that the contract with Naftogaz of Ukraine was cancelled because certain conditions within the timeline were not met.On 4 December 2012 Keppel FELS had announced the signing of a conditional contract between them and Ukraine’s National Joint-Stock Company…
'Noble Discoverer', the massive drillship that is an integral part of Royal Dutch Shell's Arctic oil drilling ambitions, is getting a lift to Asia. The drill rig has been loaded onto the cargo deck of another vessel, the 708-foot Chinese-flagged heavy lift ship Xiang Yun Kou…
The International Marine Contractors Association (IMCA) has published “Guidance on RADius Relative Positioning System” (IMCA M 224) describing the RADius microwave radar system.The development of dynamic positioning (DP) systems has grown over the past 35 years…
IMA has completed an in-depth analysis of the floating production sector – including a forecast of orders for additional floating production systems between 2013 and 2017. Highlighted below are some key findings in Floating Production Systems: assessment of the outlook for FPSOs…
The GL Garrad Hassan PhD Award has been presented to Iñigo Martínez de Alegría of the University of the Basque Country in Bilbao, Spain, for his thesis “Study on Full Direct Current Offshore Wind Farm.”Dr Andrew Garrad, Non-Executive Chairman of GL Garrad Hassan…
Singapore headquartered Otto Marine to build two Anchor Handling Tug Supply (AHTS) vessels for an Indonesian operator. The new shipbuilding contracts, with a total value of US$27.8 million are for constructing two identical units of 5,150 bhp Anchor Handling Tug Supply Vessels (or AHTS)…
New office in Vietnam at the port of Vung Tau announced at Maritime VietnamLondon Offshore Consultants (LOC) announced further expansion in Asia Pacific with the opening of a new office in Vietnam. The new office in the port of Vung Tau…