IHC Merwede is delighted to announce that alternative fuels have been used in the dredging process for the first time. The company ran a pilot test in which energy derived from hydrogen was the sole source used to power the electrical equipment on board a dredger. The sustainable energy test took pl
Marathon Oil Corporation (NYSE: MRO) announced today the results of the deepwater Bravo-1 well drilled in the northeastern portion of the Pasangkayu production sharing contract (PSC) area offshore the island of Sulawesi in the Makassar Strait, Indonesia. Marathon, through its wholly owned subsidiary
Australia: Webster Group this week announced it has entered into a deal to sell its 19.8 percent shareholding in Tasmanian salmon company, Tassal, to Singaporean seafood group Pacific Andes Resources Development (PARD) for AU$51.7 million (US$50.9 million), or AU$1.79 (US$1.76) per share.
Wärtsilä Corporation, Trade & Technical press release, 13 December 2010 Wärtsilä, the marine industry’s leading solutions provider, has been awarded the contract to supply the propulsion equipment for a new, state-of-the-art, research vessel. The vessel will be operated by the UK’s Natural Environme
CAMAC Energy Inc. , a U.S.-based energy company engaged in the exploration, development and production of oil and gas, today announced that on December 10, 2010, CAMAC Energy finalized and executed a definitive Purchase and Continuation Agreement (the “Purchase Agreement”) with Allied Energy Plc and
In a pre-close statement in advance of its next results John Wood says its Production Facilities division in the North Sea continues to be busy. “We remain active in the North Sea for a wide range of clients and have continued to focus on developing our presence in a number of international markets
Maersk Line is mulling accepting financial penalties in its Asia-Europe contracts if it is unable to deliver the service it has promised.
Qatar could expand production of liquefied natural gas, or LNG, by around 10 million tons a year through debottlenecking its biggest facilit… (zawya) [mappress] Source: zawya, December 13, 2010;
Somali pirates have seized a Liberian cargo vessel and are believed to be holding its crew of 24 hostage. The European Union’s anti-piracy force, EU NAVFOR, said the pirates used small arms and rocket-propelled grenades to attack the MV Renuar about 2,000km off the Somali shores on Saturday.
Andrew Way, 39, has been named vice president of Services for GE Oil & Gas, a business within GE Energy. In this role, Way will be responsible for leading continued growth of the business’ equipment repair, maintenance, upgrade and remote monitoring, and diagnostics capabilities across all segments
With its Austal built high speed ferry “Hormuz” having already increased the record for the world’s fastest diesel powered vehicle passenger ferry, setting a target of 56.3 knots on 19 November 2010, the National Ferry Company of Oman has now confirmed that her sister vessel “Shinas” has broken that
The New World Alliance (TNWA), which includes Mitsui O.S.K. Lines (MOL), APL, and Hyundai Merchant Marine (HMM), will introduce a direct Vietnam-to-North Europe service for the first time next month. Alliance partners said today they will create the new route by adding a Vietnam call to their “JEX”
Malaysia and Brunei Darussalam took their political and diplomatic ties to a new level by signing an agreement between the national oil … [mappress] Source: Dailyindia.com, December 13, 2010;
Castrol Marine has appointed Maersk Training as a global non-exclusive distributor of Castrol Academy, a module-based training course designed to help marine engineers develop a broad range of skills to move the industry forwards. Castrol Academy training collateral, which includes printed course ma
