According to a report from the Offshore Magazine, Gulf of Mexico oil production is forecast to increase substantially over the next few years, possibly reaching 1.9 MMb/d in 2013 which would be a record high. This is MMS’ best-case scenario, which factors in industry-announced discoveries and undiscovered resources. (Source: Offshore Magazine)
AVEVA Group plc (LSE: AVV), provider of engineering design and information management solutions to the plant, power and marine industries, announced that Thai-based The Bangkok Dock Company (1957) Limited, and Indian- based SKA Marine Services Pvt Ltd. have concluded contracts for the use of AVEVA Marine solutions within their respective yards.
Trinity Marine Products has reached a long-term agreement to provide barges to Ingram Barge Company, the leading carrier on America's inland waterways. The contract calls for the construction of dry cargo units for a number of years. The terms were not disclosed except that the agreement protects Trinity with cost escalation coverage.
The Army Corps of Engineers, Coast Guard and towing industry announce the approval of the final version of the Waterways Action Plan. After nearly two years of research, development and collaboration, several individual river action plans have been consolidated into one comprehensive document, which incorporates the entire western rivers system. The purpose of this plan is to ensure safe and secure navigation along the western rivers
Significant cost and time savings achieved on projects using AVEVA PDMS. AVEVA, a provider of engineering design and information management solutions for the plant, power and process industries, announced ÅF AB, one of Sweden’s leading contractor and industry groups, will use AVEVA Plant as its principal design portfolio. ÅF AB has realised major cost and time savings using AVEVA PDMS for 3D design since it was first deployed in 2000
EP Tools, a Danish company with more than 15 years of experience in working with developers and construction companies in the wind and oil and gas industries, and CWind, a provider of services to the offshore wind industry, announced that they are to provide temporary power supply at NordSee Ost offshore wind farm in Germany. EP Tools will provide more than 50 generators while CWind is using its vessels and technicians to provide the project management, servicing, maintenance and refueling.
Eniram Ltd., provider of dynamic decision support systems for the shipping industry announced an agreement with Norwegian Cruise Line (NCL) to deploy Eniram’s Dynamic Trimming Assistant (DTA) in the entire NCL fleet of cruise vessels. Resulting from a pilot deployment on Norwegian Jewel, the agreement is the largest single deal yet for the Finnish-based Eniram. Eniram DTA helps vessel officers to optimize trim at all times, minimizing water resistance, decreasing fuel consumption
Globe Wireless, a provider of communications, operational and IT solutions to the maritime industry, announced the signing of a distribution agreement to sell Jotron B120 VSAT antennas to its maritime customers. This will be part of the Globe iFusion VSAT customized turnkey solution, combined with Inmarsat FleetBroadband, to provide high-speed broadband connectivity with true global coverage. The Jotron B120 is an innovative stabilized antenna offering a simple and clean
Huntington Ingall Industries subsidiary, AMSEC LLC, & Hanjin Heavy Industries sign ship repair, maintenance services agreement for Subic Bay yard. Huntington Ingalls Industries announce that its subsidiary AMSEC has signed an agreement with Hanjin Heavy Industries and Construction Philippines, Inc. (HHIC-PHIL), a subsidiary of HHIC Holdings Co., Ltd. to work together in providing maintenance, repair and logistics services to the U.S
Swissco Group expanding upstream into the offshore rig chartering business with the acquisition of Scott and English Energy. Scott and English Energy is in the business of owning and leasing mobile offshore drilling units and service rigs to support major oil and gas corporations in their exploration and production (E&P) activities. Operational synergies expected with the acquisition, providing Swissco Group with a diversified earnings base with stable, recurring income
StealthGas Inc., a ship-owning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today as part of its fleet expansion program the acquisition of two newbuilding LPG vessels.
Braemar Shipping Services plc, an international provider of broking, consultancy, technical and other services to the shipping and energy industries, announced it has undertaken a major upgrade to its online presence through the launch of a new corporate website (www.braemar
Siemens Blue Drive PLUSC Low Voltage Propulsion Solution providing reliability, Safety, increased fuel efficiency, reduced greenhouse gas emissions (Methane, NOX and SOX) and reduced maintenance costs. Siemens Industry announces it was awarded a contract to equip Otto Candies (OC) Subsea
Cummins Inc., a manufacturer of diesel engines for the commercial marine industry, announced the availability of the QSK50 marine engine for variable speed diesel electric (VSDE) applications. The 50-liter platform has been used in traditional fixed speed diesel electric applications
PPG Industries announced that it has reached a definitive agreement to acquire substantially all of the assets of Hi-Temp Coatings Technology Co., Inc., a privately-owned supplier of high-temperature-resistant and insulative coatings, based in Boxborough, Mass
From countries across the globe, including Australia, Canada, the U.S. and Europe, more than 500 exhibitors will be at Seawork International, the commercial marine exhibition and conference, opening on Tuesday, June 10 for its annual three-day run in the ABP Port of Southampton, U.K.
Huntington Ingalls Industries announced today it will conduct a study with Kinder Morgan Energy Partners, L.P. (NYSE:KMP) to explore redeveloping Huntington Ingalls Industries' Avondale shipyard in Louisiana. Since the July 2010 announcement to close Avondale
Drydocks World, an international service provider to the marine and maritime sectors including to the oil and gas and energy industry, announced the completion of major repair and refurbishment of National Drilling Company’s (NDC) jack up drilling rig Al Ittihad
Eniram Limited, a provider of energy management technology and data analytic services to the shipping industry, announced an advanced fuel-saving product based on the Eniram vessel platform. VPM for LNG in a nutshell: • Collection of the most critical data for LNG
The UK Defence Club, a provider of FD&D (legal costs) insurance to the maritime industry, announces its financial results for the year ended 20 February 2014. Highlights: £18.8 million premium income, up 9% compared with 2012/13
PPG Industries announced that it has completed the previously announced acquisition of substantially all of the assets of Canal Supplies Inc. (CSI), a privately-owned, Panama-based distributor of protective and marine coatings to customers in Central America. Financial terms were not disclosed.
PPG Industries announced that it has renewed or updated 17 American Institute of Architects Continuing Education System (AIA/CES) registered programs covering architectural coatings, glass and paint. Six of the PPG course offerings focus on sustainability and their participants are eligible for
The American Waterways Operators, a 350-member trade association representing the U.S. tugboat, towboat and barge industry, announced today that it joined the SmartWay Transport Partnership, an innovative collaboration between the U.S. Environmental Protection Agency and stakeholders in the
StealthGas Inc., a shipowning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today that it has priced an underwritten registered offering of 3,500,000 shares of its common stock, at an offering price of $10
ABS, a global provider of classification services to the marine and offshore industries, announces the opening of a new office in Beijing. This move shows ABS' determination in expanding best-in-class service for the Chinese market. This new office will allow further collaboration with government