Star Bulk Carriers Acquires Songa Bulk Fleet
Greece-based dry bulk shipping firm Star Bulk Carriers has entered into definitive agreements to acquire 18 dry bulk vessels in two all-share transactions. 15 of the vessels will be acquired from Songa Bulk and three of the vessels will be acquired from Oceanbulk Container Carriers. The consideration for the vessels was determined based on average vessel valuations by independent vessel appraisers. The Company has agreed to issue an aggregate of 13.725 million common and pay $145 million in cash for the acquisition of all of Songa’s 15 modern dry bulk vessels .
Statoil to Become Equinor, Dropping 'Oil'
Shareholders in Norway's largest company, Statoil, will approve on Tuesday the board's proposal to drop "oil" from its name as its seeks to diversify its business and attract young talent concerned about fossil fuels' impact on climate change.From Wednesday, the majority state-owned company will change its 46-year-old name to Equinor and trade on the Oslo Exchange under the new ticker EQNR.The Norwegian government, which has a 67 percent stake in the firm, has said it will back…
Aibel Bags Johan Sverdrup Contract
Statoil, on behalf of the Johan Sverdrup partnership, will sign a contract with Aibel today for the construction of the deck for the drilling platform on the field. The contract is worth in excess of NOK 8 billion. The contract includes engineering work, procurement and construction (EPC) of the drilling platform deck. The platform deck will be built at the Aibel’s yard in Thailand and Haugesund, and at Nymo’s yard in Grimstad. Assembly and mechanical completion of the deck will be carried out at the Aibel’s yard in Haugesund with delivery in 2018.
New Board at Kvaerner Masa-Yards
A new Board of Directors has been elected for Kvaerner Masa-Yards Inc.. Chairman: Leif-Arne Langøy (President and CEO, Aker Kvaerner Yards AS) Members: Jorma Eloranta (President and CEO, Kvaerner Masa-Yards Inc.), Karl Erik Kjelstad (Executive Vice President, Aker Kvaerner Yards AS), Oddvar Slettevold (Executive Vice President, Aker Kvaerner Yards AS) and Trond Ø. Westlie (Chief Financial Officer, Kvaerner ASA). Aarne Ukkola and Jorma Malinen continue as representatives of the personnel.
Bergesen Reports Strong Profits
Norwegian shipping group Bergesen reported record first-quarter profit on Tuesday, boosted by high tanker rates, and said it expected operating profit to rise substantially this year. Bergesen's pre-tax profit for the first three months jumped to $79.7 million from $10.2 million in the same period last year. The company's operating profit was $104.3 million, compared to $22.3 million in the first quarter of 2000. "This looks very good, especially on the tanker side compared to the market in general," said Arne Egil Roenning, an analyst with Fondsfinans. - (Reuters)
New EVP for Kongsberg Maritime Subsea Division
Bjørn Jalving has been appointed as Executive Vice President of Kongsberg Maritime’s Subsea division and a member of the Kongsberg Maritime management group, effective 1st January 2012. Jalving succeeds Rolf Arne Klepaker, who is moving to a role working with strategic projects in Kongsberg Maritime. Jalving started in Kongsberg Maritime in 2006 as Senior Principal Engineer in the AUV (Autonomous Underwater Vehicle) department. Since 2007, he has been Vice President for HUGIN AUV activity and part of the Subsea management group. He has an MSc in Engineering Cybernetics from the Norwegian University of Science and Technology in Trondheim and for 14 years has worked as a scientist at the Norwegian Defence Research Establishment, FFI.
Esvagt Deepens Relationship with Hess
Purpose built ESVAGT vessel to perform additional tasks for Hess at the South Arne field. ESVAGT and Hess, who have collaborated at the South Arne field for 17 years, have agreed to extend their relationship for an additional twelve years. ESVAGT has supplied Hess with supply and standby vessels for the South Arne platform, as well as connecting tank vessels to Hess’ production tanks. The new contract will expand the scope of work to include service, maintenance and inspection of the hose system and to perform service vessel duties in connection with work on Hess’ unmanned platforms.
Bibby Offshore Opens Office in Stravanger, Norway
Bibby Offshore Holdings Limited, [the subsea services provider to the oil & gas industry, is pleased to announce its continued international expansion with the opening of an office in Stravanger, Norway. The Norwegian office for Bibby Offshore will be headed by Arne Lier. Bibby Offshore has a leading subsea services position in the UK North Sea and the opening of the office in Norway further increases the Company’s growing international presence. The Company is current participating in a number of tenders in the Norwegian Continental Shelf (“NCS” or the “Region”) and is focusing on expanding its existing services to offshore operators in the Region, benefiting from the depth of relationship that Bibby Offshore already has with the UKCS divisions of many operators.
Hess Denmark Renews Integrity Inspection Contract with DNV GL
Hess Denmark ApS has awarded a contract to DNV GL to provide asset integrity inspection management of its South Arne field including Risked Based Inspection (RBI) services and Non-Destructive Testing (NDT) inspection services. The contract continues an 18-year partnership between Hess and the leading technical advisor to the oil and gas industry. Oil export pipeline and offloading buoy. “DNV GL has been contracted to provide integrity inspection on the South Arne field since 1998.
Aker Solutions Wins FPSO Deal
"We are very enthused by winning the front-end design work for the Goliat Development Project; Goliat is considered a strategically important project for Aker Solutions underpinning our position as a leading supplier of floating production platforms. Our Condeep® MonoFloater concept is developed for the harsh weather conditions that apply in the Barents Sea," says executive vice president Nils Arne Hatleskog in Aker Solutions. Contract party for Aker Solutions is Aker Engineering and Technology AS. The engineering work has already started and will continue through early Autumn 2008. Approximately 70 engineers will be working on the study at peak manning.
CFO Slettebø Quits Noreco
Odd Arne Slettebø, CFO of Noreco since November 2014, has handed in his resignation and his employment will cease on 31 October. Since Mr. Slettebø joined Noreco in 2012 he has played a central role within accounting, compliance and the restructuring processes during the past years. Noreco wishes to express its gratitude for his hard work for the company, and wishes him all the best in his future endeavours.
Johan Sverdrup Field Promises Jobs, Value
The gigantic Johan Sverdrup field, one of the most profitable industrial projects in Norway over coming decades, will provide enormous value. Construction of the first phase may lead to 51,000 man-years related to Norwegian deliveries, and the field may produce revenues amounting to NOK 1350 billion. The project will provide new knowledge, new solutions and new opportunities. “Johan Sverdrup represents all we stand for as an industry and our faith in the future. This will be a gigantic project that will secure energy supply and jobs and result in substantial spin-offs and value for Norwegian society, the industry and the partnership behind the development,” says Nylund.
Odd Arne Slettebø new CFO of “Noreco”
Norwegian Energy Company ASA has appointed Odd Arne Slettebø as Chief Financial Officer (CFO). Odd Arne Slettebø replaces Tommy Sundt who has been appointed new CEO of the Company. Slettebø joined Noreco in August 2012 and was until now Group Finance Manager of Noreco. “I am very pleased to announce that Odd Arne Slettebø will be my successor as CFO. He is highly skilled and knows the Company very well, which will secure continuity in the team,” says Tommy Sundt, CEO of Noreco.
Statoil: Considerable Johan Castberg spin-offs
Statoil’s proposed impact assessment programme for the Johan Castberg project reveals that the project will be important to Norwegian industry and have strong ripple effects. During our improvement work we have created new opportunities for the Johan Castberg field in the far north. We have changed the concept and found new solutions that allow us to realise the project. But we are still vulnerable to increasing costs and a continued low oil price,” says Margareth Øvrum, executive vice president for Technology, Projects and Drilling in Statoil.
Johan Sverdrup Field Concept Selected
Statoil and the partners in the Johan Sverdrup field have decided on a concept for the first development phase. The partners have agreed on a field center consisting of four installations and power from shore. The partners have decided on power from shore for the Johan Sverdrup field in the first phase, which will reduce total CO2 emissions from the Utsira High area by 60-70%. “This is historic. We have not made a concept selection for a field this size since the 1980s,” says Arne Sigve Nylund, executive vice president for development and production in Norway.
China – Denmark Shipbuilding Innovation Seminar Inaugurated
Danish Ambassador opens seminar on Shipbuilding Innovation. The seminar was organised in cooperation between China Association of the National Shipbuilding Industry (CANSI) and Odense Maritime Technology Ltd (OMT). The two organisations invited representatives from both countries to discuss the future cooperation, and how China and Denmark can benefit the most from each other. Danish Ambassador Friis Arne Petersen opened the China-Denmark Seminar on Shipbuilding Innovation. China and Denmark share the ambition of keeping the maritime sector in a global leadership position…
Seabourn Name Official Ship's Timekeeper
Swiss watchmaker Hublot has been appointed as official timekeeper aboard Seabourn cruise ships. Seabourn guests on board the line's six cruise ships will now be kept abreast of the current ship's time by means of Hublot wall clocks. Seabourn Quest Captain Geir-Arne Thue Nilsen welcomed Carnival Corporation and plc Chairman and CEO Micky Arison and Hublot's Chairman of the Board Jean-Claude Biver aboard the line's newest ship during a port call at Cannes, France. Captain Thue Nilsen led a personal tour of the Seabourn Quest…
Aker Solutions Opens New UK Office
With the opening of its Stockton-on-Tees engineering office Aker aims to create up to 100 jobs in NE England. Aker Solutions' drilling technologies business will be the main occupant in the new office, which is located right next to the company's current premises at the Preston Farm industrial estate, Stockton-on-Tees, UK. The office will house product engineers who will be working on a wide range of topside drilling equipment. Aker Solutions is one of the top-two global suppliers of deepwater drilling packages for offshore drilling rigs and drillships.
IXSEA Names Hoof New Sales Manager
In order to strengthen their activities in the scientific market and to branch out further into other industries such as defense, IXSEA appointed Arne Hoof as Sales Manager based in the new IXSEA subsidiary in Hannover, Germany. Arne will be developing the market for IXSEA products and managing sales in Germany. Arne holds an Engineering Diploma in Geodesy from the University of Hannover and a Certificate of Academic Proficiency in Hydrographic Surveying from the University of New Brunswick, Canada. He previously worked in customer support and software training and as project engineer at Hamburg Port Authority with CARIS Geographic Information Systems bv.
Cargotec Acquires Danish Company Assets
Cargotec has agreed to acquire assets of a Danish sales and service company Arne Holst & Co. A/S. The company is situated in Kvistgaard, North of Copenhagen in Denmark. Both parties have agreed not to disclose the financial terms. The acquisition includes the takeover of business assets and customer contacts, including four employees. The Managing Director of Arne Holst & Co. will continue as a consultant for a transition period. The assets of Arne Holst & Co. A/S. will be integrated to Cargotec’s subsidiary Kalmar Danmark A/S. (www.cargotec.com)
Steiner Delivers Fourth Z-Drive Pushboat
The final, for now, delivery in a series of four 120 by 34-ft 3200-HP Z-drive towboats was completed at Steiner Shipyard in Alabama. The innovative vessels were built for Southern Towing of Memphis Tennessee. As with the other three vessels the Arne Christiansen is powered by a pair of Tier 2 compliant Cummins QSK50 mains, each rated for 1,600 HP at 1800 RPM provides the power. The two engines are mounted aft on the main deck level. They turn short four-foot shafts to HRP Z-drives carrying 74.8-inch (1900 m/m) propellers in steerable nozzles.
Gudrun on Stream
At 7:25 a.m. on April 7, Statoil and its partners (GDF SUEZ and OMV) started production on the Gudrun oil and gas field in the North Sea. "Gudrun is the first new Statoil-operated platform to come on stream on the Norwegian continental shelf since 2005. This is a red-letter day for the company," said Arne Sigve Nylund, Statoil's executive vice president for the Development and Production Norway business area. The new field contributes to important production from the Norwegian shelf. Statoil expects to recover 184 million barrels of oil and gas (oil equivalent) from the field.
DNV GL’s Carlsen Wins OTC Achievement Award
The award is in recognition of his “outstanding, significant and unique achievements, and extensive contributions” to the offshore industry, and is presented at the Annual OTC Dinner Sunday, May 4. The defining moment of his career came in 1980, as a direct consequence of the tragic accident of the semisubmersible drilling rig, “Alexander Kielland” that cost the lives of 123 workers in severe weather on the Norwegian shelf when it capsized after a column broke off due to fatigue failure of a bracing.