STABLE OUTPUT

Output from new offshore wind installations in Europe remained relative stable in 2011 with 866 MW, compared to 883 MW in 2010, according to the European Wind Energy Association (EWEA).

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OBAMA OFFSHORE

US President Barack Obama will direct his administration to open more than 75% of the nation’s potential offshore oil and gas resources for development, he said in his 2012 State of the Union address.

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BLOWING UP

Aberdeenshire Council has completed its submission to Marine Scotland on a controversial wind farm development off the North east coast.

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BIG POTENTIAL

Credit Suisse has been assessing the business underpinning much of the offshore supply action and they have seen some big potential.

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KONGSBERG DEAL

Kongsberg Maritime of Norway has won a contract to supply automation systems for new semi submersible drilling rigs being built at Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea.

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KRAKEN DEAL

A deal has been done on the Kraken discovery. Nautical Petroleum has agreed a deal with fellow UK oil firm EnQuest to divest a 25-percent interest in its UK petroleum production license P1077 (North Sea Blocks 9/2b and 9/2c).

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FULL PICTURE

Kongsberg Maritime has been awarded a significant offshore automation contract with Daewoo Shipbuilding & Marine Engineering (DSME).

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FEELING BLUE

The vessel “Blue Fighter”, the first of two medium-sized PSV orders of the new PX121 design, has been delivered by Ulstein Verft to Blue Ship Invest.

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ON SHOW

Osiris Projects are confirmed to exhibit at Oceanology International 2012 at ExCeL, London. Read the rest of this entry »

MONEY DEALS

Labuan Shipyard and Engineering Sdn Bhd (LSE) has announced of a new agreement with its bank for facilities of up to USD16million, which include trade facilities for the engineering, construction, testing and delivery of 77 meters Dynamic Positioning 2 (DP2) Diesel Electric Propulsion Platform Supply Vessel (PSV).
LSE, with an orderbook of US54 million, is targeting USD100 million revenue and USD6 million net profit this year as it aims to secure several new projects, including fabrication works, and shipbuilding and repair over the next two years.

CEO Mohd Azman Nasir said it has been shortlisted for four major fabrication works from Petronas and Shell, and expects to secure at least two contracts with a total value of at least USD48 million.

He said it also plans to bid for fabrication contracts from Murphy Oil and Hess next month.

“We are also looking at shipbuilding projects from local companies, including one with Tanjung Kapal, which wants to build more PSVs,” he said.

He added that LSE is also eyeing several major vessel repair works from the government and is confident of securing jobs for at least three vessels valued at over USD16 million each.