The Port of Qingdao, the world’s ninth-largest, will triple its annual investment from more than 3 billion yuan ($452.17 million) to 10 … (peopledaily) [mappress] Source: peopledaily, November 11, 2010;
Repsol posted net income of 1.786 billion euros in the first nine months of 2010, 32.5% higher than the same period of last year. Operating income was 4.06 billion euros, 58.4% higher than that recorded between January and September of 2009. Repsol has maintained through September the momentum of th
Aker Solutions advanced H6 drilling rigs use integrated Milestone video surveillance for state-of-the-art operational control in harsh environments. Aker Solutions is building model H-6e drilling rigs, the latest-generation of semisubmersible platforms specially designed to conquer the challenges of
During President Obama’s historic visit to India last week the White House announced a new sale to India of two dredgers by Ellicott Dredges, LLC of Baltimore, Maryland. Ellicott was included in the White House’s announcement along with other leading American companies such as Boeing, General Electr
Dredging operations are to be undertaken upstream of the Pinkenba Wharf on the northern bank of Pinkenba Reach, approximate position … (bayjournal) [mappress] Source: bayjournal, November 11, 2010;
Apache Corporation announced that it has completed its merger with Mariner Energy . The merger closed following its approval by Mariner’s stockholders and subsequent completion of documentation. Apache issued approximately 17.5 million shares of its common stock and paid approximately $800 million i
Prolec Ltd, the Poole based manufacturer of electronic safety and productivity monitoring equipment for construction plant, have launched a new machine guidance system. Not content with having the best machine control product in the market, Prolec has substantially improved and revamped their pcX so
Government has procured two dredging machines from Finland at the cost of K7 billion for the rehabilitation and maintenance of canals and… (zambia24) [mappress] Source: zambia24, November 11, 2010;
Imtech Marine is present at the oil & gas industry exhibition OSEA (30 Nov-3 Dec.) in Singapore, at stand no. 4F2-01. The Imtech Marine presentation joins three Imtech Marine companies: Radio Holland Singapore, Imtech Marine & Offshore and Imtech Marine Germany together in one stand at a new, promin
Revenue for the period increased by 17% to USD 41.4 billion, primarily as a result of higher freight rates for the Group’s container shipping activities and higher oil prices. The net result for the period was a profit of USD 4.2 billion (a loss of USD 0.7 billion). “The result is exceptional, and w
The U.S. Army Corps of Engineers is set to begin in the next few days two dredge projects intended to help commercial marine traffic that has been impeded by shoaling in the channels. And one of those projects that is expected to begin Friday – deepening the Morehead City Harbor at the ocean bar – [
Seadrill has entered into a turnkey contract to build up to four new ultra-deepwater drillships at the Samsung yard in South Korea. The first two drillships are firmly ordered with delivery in the first and second quarter 2013, respectively. Total project price per rig is estimated to be less than U
Town officials are moving toward a partnership agreement with the U.S. Army Corps of Engineers for dredging Osgood Pond. The $2.9 million project would restore most of the eastern half of the 26-acre pond, which has been covered with dense weeds that prevent boating and other recreational uses. The
On Wednesday November 10, Statoil decided to halt the drilling operations that were underway at the Gullfaks field in the North Sea. The drilling and well operations were stopped at Gullfaks for an additional review of Statoil’s routines for planning and conducting drilling operations. On Friday Oct
