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.
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.
Huntington Ingalls Industries announced today that its Board of Directors has declared a quarterly cash dividend of $0.60 per share, payable on March 10, 2017, to shareholders of record as of the close of business on March 3, 2017. Huntington Ingalls Industries is America’s largest military shipbuilding company and a provider of professional services to partners in government and industry. For more than a century
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
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
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
DNV GL's Center of Excellence for Drilling & Well Control Equipment recently hosted the inaugural gathering of the North American Offshore Equipment Manufacturers' Committee (NAOEMC). The NAOEMC is comprised of a group of industry experts and leaders that establish
Lamprell (ticker: LAM), a provider of diversified engineering and contracting services to the energy industry, announced the completion of construction on the jackup drilling rig, Al Gharbia, and its delivery to Abu Dhabi’s National Drilling Company (NDC).
The NAOEMC is comprised of a group of industry experts and leaders that establish expectations and align the industry for future growth and development in offshore equipment manufacturing. The formation and sponsorship of industry committees is a longstanding tradition within DNV GL
Prysmian Group, world leader in the energy and telecom cable systems industry, announces the successful commissioning of the submarine power cable link to connect Negros and Panay islands in the Philippines. This is the first stage of the project CNP-1 (Cebu-Negros-Panay phase 1)
Hyundai Heavy Industries announced today that the company has jointly developed world’s first gas turbine-powered 174,000 m3 LNG carrier with GE Aviation and Marine (GE), a leading industrial gas turbine maker, and has secured Approval in Principle (AIP) on the vessel from the
CWind, a provider of integrated services to the wind industry, announced today that it is providing corrosion protection services to Ballast Nedam at Butendiek Offshore Wind Farm (OWF). The service, which extends to all WTG foundations, commenced in May and is expected to complete in August.
LOC, a leading global marine and engineering consultancy for the shipping and offshore energy industry announces the expansion of its European operations with the opening of its Paris office today (4 August 2015). The office is the first LOC operation based in France and is accessibly
CWind, a provider of integrated services to the wind industry, announced it has won a three-year contract to supply crew transfer services during the operations and maintenance (O&M) phase at Gunfleet Sands offshore wind farm (OWF) off the coast of Essex.
Eniram Ltd., a provider of energy management technology and analytic services to the shipping industry, announced at Gastech the release of Eniram Engine, a new tool to help guide TFDE LNG carriers' engineers and officers efficient use of engines and fuel.
McAllister Towing continues its long, 150-plus year hisory of serving the maritime industry announcing investment in two new boats sporting the latest technology. McAllister Towingis announced that Horizon Shipbuilding, Inc. of Bayou La Batre, AL, will build 100 x 40-ft
Montaruli steps up at ABS as technical engineering authority. ABS, a provider of classification to the global marine and offshore industries, announced the appointment of Bret Montaruli as Vice President and Chief Engineer. In his new role
ABS, a leading provider of classification and technical services to the global marine and offshore industries, announces the realignment of its Americas Division operations to create two new regions – Canada and Mexico, Central America and the Caribbean.
ABS, a provider of classification services to the global marine and offshore industries, announced the election of ABS Europe and Africa Division President Dr. Kirsi Tikka as a Foreign Member of the United States National Academy of Engineering (NAE).
Drew Marine, a provider of technical solutions and services for the maritime, defense and aviation industries, announced its acquisition of NAL Research Corporation, a designer and manufacturer of Iridium tracking and communications equipment
South Korean shipbuilder Hyundai Heavy Industries said on Wednesday that its affiliate aims to sell its brokerage unit Hi Investment & Securities by the end of this year. The affiliate, Hyundai Mipo Dockyard, holds an 85 percent stake in Hi Investment & Securities.