Polarcus strengthens debt financing
Polarcus Limited (Norwegian OTC List: PLCS) announced today the closing of the debt financing for the first four vessels, which concludes the full debt financing requirement under the current newbuilding program. This is an important step in the process of launching an ultra-modern fleet of initially four advanced seismic vessels …
Polarcus signs Letter of Intent for 3D vessel woth TGC NOPEC
Polarcus Limited has today signed a conditional Letter of Intent with TGS-NOPEC Geophysical Company ASA (TGS) for the charter of the 12 streamer 3D seismic vessel Polarcus Nadia for approximately 3 months commencing in December 2009. The Letter of Intent further includes a right of first refusal for TGS to …
HONEYWELL AGREES TO ACQUIRE GAS MEASUREMENT AND CONTROL LEADER RMG REGEL & MESSTECHNIK
Complementary Solutions Strengthen Honeywell’s Presence in Clean Energy, Continue Driving Great Positions in Good Industries BRUSSELS, June 25, 2009 – Honeywell (NYSE:HON) today announced it has signed a definitive agreement valued at approximately $400 million USD to acquire the RMG GROUP (RMG Regel & Messtechnik GmbH and all of its …
HONEYWELL SELECTED TO INSTALL FIRE & GAS DETECTION SYSTEM AT BTC PIPELINE TERMINAL IN CEYHAN
Technology to Help Enhance Safety Capabilities at Key Turkish Terminal on BTC Pipeline ISTANBUL, Turkey, June 16, 2009 – Honeywell (NYSE: HON) today announced it has been selected by Tekfen Construction & Installation Co., Inc. to design, configure, install and initiate a new fire and gas detection system at the …
RAO/CIS Offshore Conference and Exhibition, Russia, St Petersburg
The 9th RAO/CIS Offshore International Conference and Exhibition devoted to Oil and Gas Resources Development of the Russian Arctic and CIS continental Shelf will be held on September 15 – 18, 2009 in St. Petersburg. The RAO/CIS Offshore Conference and Exhibition is held every two years and obtains strong position …
Aboa Mare University Recieves Dynamic Positioning Accreditation
Aboa Mare University of Applied Sciences, located in Turku (Finland), has recently received the accreditation of the Nautical Institute as an official Dynamic Positioning (DP) training center. Dynamic positioning is becoming especially important for sophisticated offshore operations and the need for corresponding training facilities is increasing rapidly. The new DP …
Stochastic Model of iceberg Drift, Including Wave Effect
Introduction In Arctic regions, drifting icebergs represent a very dangerous hazard for navigation, and indeed for offshore structures. To ensure safe operation, an iceberg management plan must be developped; covering iceberg detection to iceberg towing or platform evacuation. One important part of the plan is the iceberg drift forecast. Further …
The Digitial Oilfield, Continuous Seismic Surveillance and Intelligent Wells
Just around the corner is a new technology which, dependent on who we are listening to, is “The Field of the Future”, “The Digital Oil Field”, “e-Field” etc. Now one aspect of this vision is that one day in the future we might for example be able to run a …
Caledus Improves Well Construction Offerings
Vision becomes reality as Caledus announces JV and new product Caledus, the Aberdeen headquartered well construction technology oil and gas service sector business, is reaping benefits with the launch of a joint venture company, entry into new markets and an innovative technology. Earlier this year the company unveiled plans for …