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Iran cuts oil exports to six EU countries

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Iran has stopped crude supplies to Spain, Italy, France, Greece, Portugal and the Netherlands, reports Iran’s Press TV.

­Tehran has fulfilled its threat to retaliate for the EU’s oil embargo, agreed by the bloc on January 26. The sanctions gave the EU members time till July to find new suppliers.

Officials within Iran immediately called to cork the black gold stream to Europe, targeting economies weakened by the ongoing financial crisis. On Wednesday, these calls became reality.

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Norway: Kleven Maritime Receives Contract for Rem Fortune Renovation

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Kleven Maritime will carry out an extensive remodeling of the offshore vessel Rem Fortune, from the platform service vessel into the multi-purpose support vessel.

The vessel is currently placed at Myklebust Yard in Gursken, where it should be mounted with a 100-ton offshore crane. Reconstruction also includes installation of the helideck, opening of the moon-pool, installation of the 8-ton auxiliary crane, anti-heeling system and the ROV equipment. The vessel will be ready for delivery in mid-March.

Myklebust Yard is a combination yard that rates on both a new construction and repair and service operations, and the activity at the yard is very high these days, with five boats at the dock. Kleven Maritime has invested 70 million in new dock coming to Myklebust Yard in the spring. This is a strategically important initiative that sets the yard in a position to take on even greater after-market work for the offshore industry. The dock can take vessels up to 170 meters in length and 28.5 meters in width and has a lifting capacity of 15 000 tons, which is about double the current capacity of Myklebust Yard.

There is an agreement for the sale of Rem Fortune from Rem Offshore ASA to Marine Platforms Limited.

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Technip USA Orders Deepwater Mooring Ropes for Lucius Spar

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Technip USA, Inc. has contracted Lankhorst Ropes to manufacture the polyester mooring ropes for a new spar platform for the US Gulf of Mexico.

The Lucius truss spar hull will be installed in a water depth of 2,165 metres (7,100 feet). The 23,000 ton spar is designed to produce 80,000 bopd of oil and 450 MMcfm/d of gas. First oil from the project is scheduled for 2014.

Lankhorst Ropes’ offshore rope production facility in Portugal will supply a total of 31,400 meters of their GAMA 98® polyester deepwater mooring rope with 1907tf (4200 kips) minimum breaking load. Production starts in January 2012.

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Chris Johnson, sales director, Lankhorst Ropes Offshore Division, said, “We are delighted to be working with Technip again. The Lucius contract is testimony to Lankhorst’s well proven, high quality GAMA 98® product which is already installed on three Gulf of Mexico floating production facilities since 2008”.

This will be the 15th spar platform to be delivered by Technip out of 18 worldwide. Detailed design and fabrication of the new hull will be carried out by Technip’s Pori yard in Finland, where most of the previous Technip Spar projects have been manufactured. Project management for will be carried out by Technip in Houston.

Anadarko operates the Lucius field (35%), and its partners are Plains E&P (23.3%), ExxonMobil (15%), Apache (11.7%), Petrobras (9.6%) and Eni (5.4%).

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The Nethelands: Mario Kerssens Joins Van Aalst’s CargoMaxx Team

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Mario Kerssens has joined the CargoMaxx team at Van Aalst Offshore & Marine, inventors of the multi application tank system CargoMaxx, as Manager Business Development, starting the 1st of January 2012.

After serving the shipping and offshore industry for more than 20 years in senior sales, marketing and business development positions at Dockwise, Fairmount, Sealift and Fairstar, his latest role has been with FG International Holland BV, the Dutch Special Lifting company, that recently teamed up with Linjebygg Offshore from Norway under the new name LBO International.

At Van Aalst his focus will be on the market development of the successfully introduced CargoMaxx handling system for combined liquid and dry bulk on board platform supply vessels, anchor handling vessels, mobile offshore drilling units and fixed platforms.

Supported by orders triggered by oil and gas giants Statoil and Petrobras, this innovative system is, according to Van Aalst, set to revolutionize the logistics involved with amongst others drill cuttings in an environmentally smarter way than the present outdated industry standards.

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Only 6 Countries Have Sound Pension Systems, And America Isn’t On The List

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Andrew Shen and Gus Lubin

Only six national pension systems earned a ‘B’ grade on Mercer’s 2011 global index, which was given to systems with “sound structure” and “room for improvement.”

The best systems are in the Netherlands, Switzerland, Sweden, Australia, Canada and the UK.

Every other pension system was rated as unsound, jeopardizing the future of the elderly population. The U.S. earned a C grade, signifying “some major risks and/or shortcomings.”

Click here to see the best and worst national pension systems >

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