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.
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.
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.
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.
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.
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 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.
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)
Volvo Penta Delivers Auxiliary Engine and Emergency Genset
The new ship, M/S G.O. Sars, which was named after a famous Norwegian zoologist, is advanced, including such features as extreme silent operation, fully comparable in class to military submarines. Volvo Penta. "Naturally, it is very positive to be chosen as supplier to such a prestigious project," says Jan-Arne Kristoffersen, at Volvo Penta in Norway. "The propulsion engines are outside the range we cover. M/S G.O. Sea. study fish and other marine life without disturbing them. a 5-blade propeller. extra soundproofing.
Norwegian Tanker Shipping Merger Announced
The Norwegian shipping group Camillo Eitzen is to buy its rival Songa Shipholding for a total of $1.2b. It is said that the merger will form one of the biggest chemical transportation tanker groups in the world. The joint fleet will be 66 vessels with a further 43 on order for delivery over the next four years. Songa is based in Singapore, but controlled by a Norwegian businessman, Arne Blystad, and it has offices in Oslo, Westport, Connecticut in the US and Glasgow in the UK. The acquisition will be financed through a combination of equity, debt, bonds, cash and assumption of debt. source: Euronews
MITAGS Completes Annual DNV Audit
Glen Paine, Executive Director of the Maritime Institute of Technology and Graduate Studies (MITAGS), announced the successful completion of MITAGS’ annual Det Norske Veritas (DNV) audit. In 1997, MITAGS earned the distinction of being the first maritime training institution in the United States, and the second in the world, to be certified by DNV under their Maritime Training and Simulator Center Classification Rules. Under these rules, DNV determined that the MITAGS training management system complies with national and international training management requirements, including elements of the ISO 9000 classification series. To maintain this certification, a rigorous review is conducted by DNV on a yearly basis. During the course of this inspection, Mr.
Kjelstad to Head of Aker Kvaerner Yards
The Board of Aker Kvaerner Yards has appointed Karl Erik Kjelstad as the company's President and Chief Executive Officer. Kjelstad has occupied these posts in an acting capacity since January 16, 2002, when the previous incumbent, Leif-Arne Langøy, left to become president and CEO of Aker RGI. Kjelstad graduated as an engineer specializing in marine subjects from the Norwegian Institute of Technology (now the Norwegian University of Science and Technology) in 1992. In the last 11 years he has held a number of leading positions in the maritime industry - with Aker Yards since 1998 and Aker Kvaerner Yards since the company was established in February 2002.
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.
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.
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.
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.
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.
Annual Silver Bell Awards Held in NY
The Seamen’s Church Institute of New York and New Jersey held the 25th Annual Silver Bell Awards Dinner on June 11 at Chelsea Piers in Manhattan. It drew a record crowd of more than 900 people and raised over $600,000 for the Institute. "We are thankful for the support of the maritime industry and our friends," said the Rev. Canon Peter Larom, SCI's Executive Director. Richard T. du Moulin, President of Intrepid Shipping and Silver Bell Dinner Chairman since 1996, reported that 15 new companies joined SCI's loyal supporters. "The Institute's service to seafarers and port communities is unequaled among freestanding maritime agencies," said Mr. du Moulin.
Telenor Signs with AUR
Telenor Satellite Services today announced the signing of a business agreement with Anders Utkilens Rederi (AUR) of Norway, one of northern Europe's largest maritime chemical transportation companies. The contract calls for Telenor to provide its Sealink maritime high-speed data communications solution aboard AUR's fleet of 16 chemical tanker vessels. Under the terms of this multi-year agreement, Telenor will provide Ku-Band service for AUR's entire fleet that operates primarily throughout European waters. Sealink's Ku- Band service provides AUR the capability to use high-speed communications applications at sea including LAN and WAN connectivity, video conferencing, and Internet access, while using smaller, less expensive shipboard equipment.
Proposed Ship Move Stirs Outrage
The University of Oslo has decided to move three grand Viking ships, probably by truck and barge, to a new museum across town despite dire claims that the thousand-year-old oak vessels could fall apart en route, according to a report on the New York Times News Service. A retired curator of Oslo's current Viking Ship Museum -- Arne Emil Christensen -- reportedly has said the delicately preserved ships, two of which are nearly 80 feet long, were almost equal in archeological importance to the Pyramids. The university's board of directors voted 8-3 to move the vessels over the objections of Christensen and several other Viking Age scholars.
New Board Member Appointed for Kvaerner Masa-Yards
Kvaerner Masa-Yards Inc.. Niemi, a Finnish citizen, has broad Finnish and international industry experience. During the years 1989-1997 he was Managing Director and Member of the Board of the Finnish Guarantee Board. Countries. services in Investment and Development Finance. "We at Kvaerner Masa-Yards are very pleased to have Mr. board," said Jorma Eloranta, President and CEO of Kvaerner Masa-Yards. Trond Ø.
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.
Moody's Downgrades Pegasus Shipping
Moody's Investors Service downgraded from B3 to Ca the rating for the senior secured debt of Pegasus Shipping (Hellas) Ltd. The downgrades reflect Moody's expectation that the pressure on freight rates will continue to build beyond the normal level of seasonality. The negative effect on the operating performance is further heightened by the default of the company's major customer which accounted for 20 percent of its revenues. The customer, Arne Blystad S/A, was unable to meet timecharter obligations. A settlement was reached in that in return for a one-time payment, Pegasus forgave a considerable amount of open receivables. The downgrade also considers the relatively old age of the fleet and the resulting weak debt protection…