Norway: We Must Prepare for Arctic Oil Race with Russia
Norway must identify potential offshore oil and gas reserves near its northern maritime border with Russia to better protect its economic interest in the remote Arctic region, energy minister Terje Soeviknes said on Wednesday. The two countries agreed in 2010 to split previously disputed areas of the Barents Sea between them, allowing each to exploit resources hidden beneath the seabed. An increase in drilling activity on the Russian side of the border should lead Norway to push its own agenda, the minister said. "We need to start the discussion about what to do in the far north.
Ludin Charters Simon Møkster PSV
Norwegian offshore vessel owner Simon Møkster Shipping AS said it has been awarded a contract with Lundin Norway AS for the platform supply vessel (PSV) Stril Mar. The 2016-built Stril Mar will be under firm contract until the summer of 2018, plus additional options.
SS Norway OK'd To Sail
U.S. Coast Guard inspectors cleared the SS Norway to sail, a week after owner Norwegian Cruise Line was ordered to make repairs that scuttled the Caribbean vacations of 2,032 passengers. The sleek, blue-hulled Norway, built 40 years ago as the SS France for Atlantic crossings, has been berthed for more than a week in Miami but was now scheduled to depart on Sunday for a seven-day cruise of the eastern Caribbean, according to the Coast Guard and NCL Holding ASA. "Their certification to carry passengers is OK," Coast Guard Chief Sean Benson said. Coast Guard inspectors last week refused to sign off on the Norway's fire safety system and ordered NCL, to fix 106 poorly patched leaks in its sprinkler system.
Norway Awards 75 Oil Exploration Licenses
Norway's energy ministry has awarded 75 offshore exploration blocks to oil companies in a so-called predefined areas (APA) licensing round, handing out acreage to 34 firms, of which 19 got at least one operatorship, it said on Tuesday. A total of 39 firms had applied for the offered acreage, up from 33 companies that applied in the previous round a year ago, when the ministry awarded 56 exploration licenses. (Reporting by Nerijus Adomaitis and Joachim Dagenborg, editing by Terje Solsvik)
Daewoo Lands $340 Million LNG Order
South Korea's Daewoo Shipbuilding and Marine Engineering said on Tuesday it had won a combined $340 million order to build liquefied natural gas (LNG) carriers from Belgium and Norway. Daewoo Shipbuilding won orders to build a $170 million LNG ship each from Belgian shipping group CMB unit Exmar and Golar LNG of Norway, a company spokesman said. Daewoo's LNG orders totaled 10 ships worth $1.7 billion so far this year, he said.
GOGL Acquires New Vessel
Norway based dry bulk shipping company Golden Ocean Group Limited (GOGL) has taken delivery of the second vessel, Sea Monterrey (to be renamed Golden Monterrey). On October 16, 2017 GOGL announced that it has entered into agreements to acquire two modern Capesize vessels from affiliates of Hemen Holding Limited, a company indirectly controlled by trusts established by John Fredriksen for the benefit of his immediate family (Hemen), the Company's largest shareholder, at a purchase price of USD 43.0 million per vessel. The first vessel, Golden Behike, was delivered in November 2017.
Boreal Orders Electric Ferry at Vard
Shipbuilder Vard Holdings Limited said it has been awarded a contract to build a new car- and passenger ferry due for delivery to Norwegian public transport operator Boreal in the third quarter of 2019. The vessel will ply the Norwegian fjords powered by a fully electrical battery solution for continuous electric operations. Vard said the vessel’s hull will be constructed at one of its Romanian yards, Vard Braila, and final delivery will take place from Vard Brevik in Norway.
CMA CGM Inks Deal with GAC Norway
Deal to provide agency, husbandry and NOx reporting at Oslo. The Scandinavian arm of the world’s third largest container shipping company CMA CGM has signed an agency, husbandry and NOx reporting agreement with GAC Norway for its ships calling at the port of Oslo. The CMA CGM Group has a fleet of 470 vessels serving 400 of the world's 521 commercial ports. In 2015, it transported an estimated volume of 13 million TEUs and vessels from its fleet make 52 calls per annum to Oslo to load/discharge a wide range of goods carried in containers from around the world.
NAVTOR Hires Holme as Chief Technology Officer
E-navigation specialist NAVTOR said it has appointed Anders Holme for the role of Chief Technology Officer. Holme will manage teams that work across offices in Egersund, Norway, Singapore, Japan, Sweden, Russia, the U.S. and U.K. NAVTOR’s main software development takes place at the company’s head office in Egersund and its dedicated base in St Petersburg. “There is a growing appreciation within shipping that new technology can unlock real operational advantages and business opportunities,” Holme said.
Nor-Shipping: Opening Oceans in Denmark
Global maritime event week Nor-Shipping is making its first move outside Norway, with a new initiative to help maritime and ocean industry players realize the almost limitless business potential of the ocean space. Nor-Shipping’s Opening Oceans Conference, taking place in Copenhagen from May 2-3, 2018, will bring businesses together to illustrate and discuss key opportunities, equip delegates with the tools to tackle them, and facilitate fresh collaborations. Timed to coincide with Danish Maritime Days…
Fellestransport Part of Greencarrier Norway
With effect from 1 November 2009, the Norwegian freight forwarder AS Fellestransport will change its name to Greencarrier Norway and merge its activities with those of the existing company Greencarrier Norway. All of its staff will become Greencarrier employees so providing the company’s existing clients with the benefit of service continuity. Fellestransport was acquired by the Swedish company Greencarrier International in 2006 but retained its independence and continued its activities as a privately owned transport and forwarding company offering a wide range of services by road, sea and air. Meanwhile Greencarrier Norway, which has been an integral member of Greencarrier International since 2001…
STX Europe Sells Norwegian Shipyard
STX Europe AS sells STX Norway Florø AS and STX Norway Design Florø AS to Westcon Group AS. STX Europe completes the sale of all of the shares in its wholly owned subsidiaries STX Norway Florø AS and STX Norway Design Florø AS to Westcon Group AS. The order backlog of STX Norway Florø AS was NOK 59 million at the end of Q3 2012 and the order book consisted mainly of one offshore pipelay vessel, the "Deep Energy". STX Norway Design Florø AS is a subsidiary of STX Europe, situated at the Florø Yard.
Norwegian Courts Reject Insurance Forum
Wikborg Rein, a Norwegian law firm, said Norway's Supreme Court has closed a door to claimants attempting to act against foreign shipowners insuring themselves in Norway. against a major Russian shipowner. company in Norway because it had its P&I cover with Oslo-based Skuld. has an asset in the country. mutual insurance company owned by its members. but the Supreme Court rejected the forum shopping. itself constitute a sufficient connection with Norway. relevant under Section 32. claims may also constitute an asset. parties domiciled in a country which is party to the Lugano Convention. European Union or the European Free Trade Association member states. constitute a sufficient connection with Norway. can sleep a little easier," says Faerden.
Singapore Strengthens Maritime Ties with Norway
The Maritime and Port Authority of Singapore (MPA), represented by Chief Executive, Andrew Tan, signed a Joint Statement with the Norwegian Ministry of Trade, Industry and Fisheries on October 10 during the State Visit by President Tony Tan Keng Yam to Norway. Norway’s signatory was State Secretary Dilek Ayhan. The signing was witnessed by President Tony Tan and His Majesty King, Harald V of Norway. Besides substantial commercial and industrial cooperation between the maritime clusters of Singapore and Norway…
New Report on Norwegian Energy Policy
Norway is pursuing ambitious, forward-thinking energy policies, but could go further in its efforts to become a low-carbon economy, the International Energy Agency (IEA) has concluded in a review published today. Energy Policies of IEA Countries - Norway 2011 Review says that it will be challenging for Norway to meet its 2020 target of reducing greenhouse gas emissions by 30% compared with 1990 levels, because both the country’s electricity supply and its energy use in buildings are already essentially carbon-free due to hydropower use.
DNV GL Oil & Gas to Expand in Norway
DNV GL is relocating its oil and gas head office in Norway from Høvik to Stavanger in order to be even closer to its customers, the company said. Local delivery capacity will be expanded in Stavanger and Bergen and operations will continue in Høvik, Sandefjord, Trondheim and Harstad. DNV GL’s operations in Norway are led by Regional Manager Marianne Hauso. “The oil and gas industry is facing rapid changes, increasing costs and growing public scrutiny on its safety and environmental performance.
Aker Gets BP Offshore Norway Contract
Aker Solutions says it has secured a framework agreement to provide engineering, modifications and maintenance services for BP-operated oil and gas fields offshore Norway. The contract has a period of up to two years valued at maximum NOK 1.8 billion, with options to extend the work by as many as four years. The agreement starts on June 1, 2014, following the expiration of an existing framework contract for similar services. The agreement is for work on the fields Ula, Tambar, Hod, Skarv and Valhall.
Nautronix Opens New Office in Norway
Nautronix announces the opening of a new office in Norway and the appointment of Jørn Berg as Vice President of Sales for Norway. Jørn Berg comments: ‘It is an exciting time to be joining Nautronix, with the development of new products and the interest that is being generated by the existing ones I think the company is in a great position to target the Norwegian market and I look forward to being part of the team.’ CEO Mark Patterson adds: ‘With the heightened activity in Norway and having well established offices in Houston and Rio de Janeiro it made great sense to expand the company further and open a Nautronix entity in Norway.
Integrated Drilling Service Agreement to Schlumberger
Schlumberger Norway has been awarded a contract with Statoil to provide integrated drilling services for the Norwegian continental shelf licenses Gullfaks, Gullfaks Satellites, Snorre, Statfjord , Tordis/Vigdis, Visund. The agreement also covers exploration drilling on the Norwegian continental shelf (NCS). Taking effect on 1 September 2014 the contract has a value of NOK 1.15 billion for an initial duration of two years. The contract also has three optional extensions, each for two years. The contract will provide jobs for some 350 people in Schlumberger Norway over the next two years.
Norway Shortlists DCNS, ThyssenKrupp for New Subs
Norway's Defence Minister Ine Eriksen Søreide of the Conservative Party made it clear that there would be no submarine deal with Sweden, according to the Norwegian newspaper Verdens Gang. Instead, Norwegian defense officials have narrowed down their search to French and German maritime defense firms to replace Norway's Ula-class attack submarine fleet, says UPI report. French firm Direction des Constructions Navels Services, or DCNS, and German company ThyssenKrupp Marine Systems "are the strongest candidates if Norway decides to procure new submarines…
Norway to Boost Natural Gas Exports
According to OilWeek, Norway plans to increase its natural gas supplies to the European Union by up to 55 per cent by the middle of the next decade, the EU‘s energy commissioner said Monday. The EU is pushing Norway to boost its gas supplies so the 27-member bloc can reduce its dependence on Russian oil and gas. Norway, which is not an EU member, has made a fortune on oil and gas deposits in the North Sea and is now exploring new finds in the Barents Sea it uneasily shares with Russia. Piebalgs said gas supplies from Norway could grow to 125-140 billion cubic metres per year by the middle of the next decade, up from the current 90 billion cubic metres.
Norway Funds Shipbuilding Training Program
Norway has committed some $4m in grants to aid Vietnam’s shipbuilding industry in human resource development over the course of the next three years, VNA reported. A deal was signed in Hanoi, on May 21, to seal the decision during a visit by Norwegian State Secretary of the Ministry of Foreign Affairs Anne Stenhammer. An amount of $1.84m is to be funded by Norway's Government, while Det Norske Veritas, Hoegh Autoliners and Jotun Paint, three of Norway's leading shipbuilders, will finance the remainder. The project aims to equip the Vietnam Shipbuilding Industry Group (Vinashin) with new skills relating to shipbuilding management and quality control.
Norway Oil Ministry: No Plan to Cut Output
Norway has no plans to cut its oil output, the country's oil and energy ministry said on Tuesday. "The Ministry has a good dialogue with other countries about the oil market. We are not in a situation in which regulating production is on the agenda for Norway," the ministry said in a statement. Kuwait's oil minister said earlier on Tuesday that Saudi Arabia's oil minister had spoken to countries including Norway, Turkmenistan and Egypt which had signalled a willingness to join oil output cuts. (Reporting by Nerijus Adomaitis, editing by Gwladys Fouche)