The completion of a Dh1.5 billion, 53km long channel announced yesterday will allow larger carriers to access Musaffah Industrial Area from the Arabian Sea, boosting shipping capabilities. “This project is a quantum leap for the economy of the country,” said Dr Sultan al Jaber, chairman of the Abu D
Freight rates are poised to rise after tumbling to a two-year low as owners of ships hauling coal and iron ore scrap the most vessels in at least 28 years. A total of 38 capesizes, carriers three times the size of the Statue of Liberty, will be demolished this year, according to Clarkson Plc, the [&
Strategic Marine continues to enhance its profile within the offshore support services industry, winning the contract to build four new workboats for Leighton-Saipem Consortium for use by the Chevron operated Gorgon Project. The vessels will be built at the company’s Henderson Shipyards and used to
A major exhibition and seminar will turn the spotlight on plans to grow Wirral’s wind farm industry. The New Brighton event is aimed at… (wirralglobe) [mappress] Source: wirralglobe, February 02, 2011
Suncor Energy Inc. today reported fourth quarter 2010 net earnings of $1.353 billion ($0.87 per common share), compared to net earnings of $457 million ($0.29 per common share) for the fourth quarter of 2009. Operating earnings in the fourth quarter of 2010 were $946 million ($0.60 per common share)
Strategic Marine continues to enhance its profile within the offshore support services industry, winning the contract to build four new … [mappress] Source: Newsmaker, February 2, 2011;
Research and Markets has announced the addition of the “Analyzing the Renewable Energy Industry in Australia” report to their offering. (sunherald) [mappress] Source: sunherald, February 02, 2011
The Spanish-based subsea services company ACSM, has boosted the top end of its ROV fleet with a Saab Seaeye Cougar. This comes as ACSM builds an ROV fleet that can offer a full range of ROV services to the subsea market, alongside their core business of providing ROV personnel and services to custom
“Having completed a number of major investment projects over the last few years, Marathon’s 2011 budget has shifted toward an emphasis on more scalable and lower-risk activities, largely aimed at liquids rich opportunities such as the Bakken, Anadarko Woodford, Eagle Ford and Niobrara resource plays
The overall project cost for the multi billion Kina, PNG LNG Project is expected to increase significantly with the temporary shut down of e… (islandsbusiness) [mappress] Source: islandsbusiness, February 2, 2011;
Eurocopter officially inaugurated its new North Sea Service Centre in Aberdeen, Scotland today, providing a highly capable training, technical support and logistics facility in close proximity to helicopter operators who support the region’s vital oil and gas industry – as well as the emerging wind
Marathon Oil Corporation announced today a $5.267 billion capital, investment and exploration budget for 2011, consistent with prior guidance and a 9 percent increase from 2010 capital spending. “Having completed a number of major investment projects over the last few years, Marathon’s 2011 budget h
BP Norge AS (BP) has been granted consent to use Valhall PH as a living quarters facility. Valhall PH is an integrated process and living quarters facility which will replace the living quarters facility QP and the production and compression facility PCP. The consent regards use of Valhall PH as a l
Working meeting between Company’s Chief Executive Officer Alexei ZAGOROVSKIY and Governor of the Arkhangelsk office Ilya MIKHALCHUK was held on the 31st January at the SHTOKMAN DEVELOPMENT AG Moscow office. The meeting was dedicated to review of the results of the activities performed by the Arkhang
