Page 12: of Marine Technology Magazine (March 2006)


Read this page in Pdf, Flash or Html5 edition of March 2006 Marine Technology Magazine Marine Technology Reporter 13 enable the company to grow within the emerging subsea boosting market.

Aker Kvaerner is also establishing a new $36.7 million manufacturing center in

Kuala Lumpur, Malaysia, scheduled to be operational in late 2006. The upgraded

Tranby facility will be a training ground for

Malaysian employees in preparation for operation of the new Malaysian facility.

The Tranby facility employs approximate- ly 500 people and supplies equipment for clients including Statoil, Total, BP, Murphy,

Shell, Marathon and Norsk Hydro, among others.

Wind Farm Installation Ships

Have O&G Future

A 14,000-ton ship called MV Resolution originally designed to install offshore wind turbines is expected to be sold and convert- ed for use in the oil and gas market, accord- ing to a report on

The move is a blow to the Government, which is pushing for 10 percent of the

U.K.'s energy to be generated from renew- able sources by 2010 in line with the Kyoto agreement. Resolution, which is based in

Teesside and cost about $70 million to build, is one of only two vessels in the world that can install offshore wind farms.

The buyout, made through a company called Marine Projects International (MPI), led by chief executive Paul Gibson and backed by Japanese bank Mizuho

International, safeguarded about 60 jobs in

Teesside. Close Brothers is understood to be advising on the Resolution sale and to have talked to several interested parties.

Bidders are expected to include companies from the oil and gas, construction and shipping sectors. (Source: news

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Marine Technology

Marine Technology Reporter is the world's largest audited subsea industry publication serving the offshore energy, subsea defense and scientific communities.