Communication between the Aldous and Avaldsnes oil discoveries in the North Sea has now been confirmed. In combination these discoveries may represent an oil structure of between 500 million and 1.2 billion barrels of recoverable oil equivalent…
Netherlands law firm AKD says that, while beleaguered shipowners may be looking increasingly to Chapter 11 filings in the United States to protect their financial interests, the fact is that Chapter 11 does not enjoy the force of law throughout the world…
Rickmers-Linie, part of Hamburg’s Rickmers Group, has extended its executive board. Rüdiger Gerhardt has been appointed Managing Director and Ulrich Ulrichs becomes Deputy Managing Director. Mr Gerhardt has been working for Rickmers since 1978…
U.S. Transportation Secretary Ray LaHood today announced $9.98 million in grants to 13 small shipyards throughout the United States to help modernize facilities, increase productivity, and help make the country’s small shipyards more competitive in the global marketplace…
American Superconductor Corporation (NASDAQ: AMSC), a global power technologies company, announced the appointment of John W. Wood Jr. as chairman of the Board, effective August 16. He replaces former chairman and company founder, Gregory J…
U.S. Transportation Secretary Ray LaHood announced $9.98 million in grants to 13 small shipyards throughout the United States to help modernize facilities, increase productivity, and help make the country’s small shipyards more competitive in the global marketplace…
Sonardyne International’s Ranger 2 USBL (Ultra-Short BaseLine) acoustic positioning technology has played a crucial role in a scientific mission to discover a new eco system on the floor of the Atlantic Ocean. The Irish led VENTuRE expedition…
Hutton's has signed an exclusive contract to supply medical equipment and to provide annual survey services for Vector Offshore Limited.Vector's fleet of offshore support vessels operates out of Aberdeen and each uniquely carries two Autonomous…
According to a report on www.chinadaily.com.cn, China's first aircraft carrier finished its sea trials this weekend, and returned to port in Dalian. The carrier nicknamed for now 'Varyag' when at the Black Sea Shipyard in Ukraine, broke through…
According to a report on www.rttnews.com, Dongfang Shipbuilding Company Limited intends to seek admission of its shares to trading on the AIM market of the London Stock Exchange. Dealings are expected to commence on AIM on 18 August 2011. Dongfang diversified into shipping…
Aberdeen Harbor has bid a fond farewell to another successful cruise season, with the arrival of the final vessel of the season, Hebridean Princess, a small luxury liner making its maiden voyage to the port.Carrying just 50 passengers and a crew of 38…
Transocean Services AS, a wholly owned subsidiary of Transocean Ltd. (NYSE: RIG) (SIX: RIGN), announced an all cash voluntary offer for 100 percent of the shares of Aker Drilling ASA for NOK 26.50 per share. The Board of Directors of Aker Drilling…
As energy demand is rising again, the year 2011 marks a turning point in the oil & gas industry with increased investments in the entire value chain. Offshore Energy in Amsterdam (11 & 12 October 2011), clearly reflects the confidence that governs the industry today…
Grandweld Shipyards delivered the first forward landing crew boat design in the region. The 24M vessel features a customized forward bow fender, designed for steady and secure landing into a dedicated offshore landing structure. Upon swift landing…
DnB NOR has appointed Vidar Andersen as the new head of its Shanghai branch succeeding Espen Lund who has returned to the bank’s headquarters in Oslo after an eight year stint as China country head.Vidar Andersen said today: 'I am very pleased…
