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Aker Wayfarer Gets New USD220 Mln Credit Facility

April 27, 2015

Ocean Yield ASA has signed a new revolving credit facility of USD 220 million with maturity in 2021 with a group of banks for the long-term financing of the vessel Aker Wayfarer. The vessel is on bareboat charter to AKOFS Wayfarer AS until 2027, and the charter is fully guaranteed by Akastor ASA. The vessel… Continue Reading »

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Cybersecurity A Growing Safety Issue for Oil, Gas Industrial Plants

April 27, 2015

The oil and gas industry is increasingly thinking about cybersecurity as a safety issue for industrial plants, officials with Honeywell told Rigzone on the sidelines of the IHS CERAWeek Conference this week in Houston. Just a few years ago, cybersecurity was viewed as an expense and an intangible problem; that thinking is changing. Growing interest… Continue Reading »

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Huisman Installs Pipelay Tower Onboard Skandi Africa

April 27, 2015

Huisman, the specialist in lifting, drilling, and subsea solutions, has completed the installation of 650mt Pipelay Tower onboard DOF’s Skandi Africa. Earlier this month, the company also installed the crane house of the 900mt Crane onboard the vessel. All the equipment installation work is being done at the Huisman Schiedam facility, where the vessel arrived… Continue Reading »

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Drunken man accused of stealing excavator, charging Jefferson Parish deputies, going on destructive rampage

April 27, 2015

Jefferson Parish authorities say a 24-year-old Harvey man was intoxicated Thursday night when he commandeered an excavator from a worksite under the West Bank Expressway, charged Sheriff’s Office cruisers and led them on a chase up Peters Road before ramming through a fence and plowing the giant machine into the Harvey Canal. William Strength escaped… Continue Reading »

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Gardline Environmental Limited Opens in New Zealand

April 27, 2015

Gardline Environmental Limited (GEL) announces the opening of their New Zealand entity Gardline Environmental (New Zealand) Limited (GENZL), based in Wellington. GENZL provides Marine Mammal Observers (MMO) and Passive Acoustic Monitoring Systems (PAMS) and Operators, Marine Mammal Impact Assessments (MMIAs) and MMO and PAMS Training to both commercial industry and research. GENZL have a large… Continue Reading »

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Incredible video shows the moment a huge stingray nibbles on a brave free diver’s head as he lies on the ocean floor

April 27, 2015

Footage shows stingray gliding itself over a diver’s body on ocean floor Diver and documentary maker Johnny Debnam was free-diving, meaning diving without a breathing apparatus He lay motionless on the ocean floor and stingray came to investigate Stingrays are potentially deadly animals due to their dangerous barbs Incredible footage has captured the moment a… Continue Reading »

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Novacavi Cables for INGV Equipment

April 27, 2015

Novacavi has recently engineered and supplied a special marine seismic data acquisition cable for INGV, the Italian National Institute of Geophysics and Volcanology. It is a custom designed and built cable to suit the needs of early detection and in real-time acquiring data of the Institute’s marine geophysical seismic monitoring equipment, the company wrote. Novacavi… Continue Reading »

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Russia Deepens Energy Cooperation With Argentina

April 26, 2015

Russia and Argentina signed documents deepening energy cooperation on Thursday, underlining Moscow’s drive to develop ties with South America since coming under Western sanctions over the Ukraine crisis. At a ceremony in the Kremlin, Russian President Vladimir Putin and Argentine President Cristina Fernandez hailed the agreements as opening a new stage in relations as well… Continue Reading »

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Orbis Ups Subsea 7 Stake

April 26, 2015

UK-based offshore engineering company, Subsea 7, has today in its Oslo Stock Exchange filing informed that Orbis Investment Management’s aggregate holdings in the company exceeded 5 percent. Orbis Investment Management, with its general office in Hamilton, Bermuda, has hereby become Subsea 7’s third-largest shareholder. Siem Industries Inc. is the biggest shareholder in Subsea 7 with over… Continue Reading »

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IHS CERAWeek: US Fracking Costs Falling Fast, May Keep Fields In Play

April 26, 2015

U.S. oil and natural gas companies have pushed down costs of fracking a shale well faster than expected, and if the trend holds up it could allow producers to keep working in oilfields that just months ago looked uncompetitive after the oil price crash. A more than 50 percent fall in the price of crude… Continue Reading »

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