SSP Offshore Inc. has been notified that a binding arbitration award has been granted in its favour relating to the arbitration with South Riding Point Holding Ltd. The arbitrator has awarded a total of $3,272,313 (U.S.) to a wholly owned subsidiary of the corporation inclusive of legal and arbitrat
Yemen Liquefied Natural Gas Company (LNG) and the United States Agency for International Development (USAID) have signed a Memorandum of Und… [mappress] Source: yobserver, May 25, 2010;
Eidesvik can confirm that Viking Poseidon is involved in work at the site of the Deepwater Horizon oil spill in the Gulf of Mexico (GOM) off the coast of Louisianan. Recently, Viking Poseidon was the vessel that lowered the second top hat device as an attempt to stop the leakage from the well. Vikin
Under the new agreement, Sinovel and AMSC’s wholly-owned AMSC Windtec™ subsidiary, will design and jointly develop a range of advanced,… [mappress] Source: sys-con, May 25, 2010;
Aminex PLC announces that its associated company Korex Ltd.has signed a Production Sharing Contract with the Korea Oil Exploration Company for exploration rights in the Korean East Sea. KOEC is the state oil company of the Democratic People’s Republic of Korea . This agreement replaces an earlier PS
The Novatek company plans to complete the construction of a LNG plant in the Yamal Peninsula in year 2018… [mappress] Source: barentsobserver, May 25, 2010;
Oceaneering International in the US has announced it was the high bidder to acquire DMT Sapphire from an affiliate of Deep Marine Technology (DMT), under a bankruptcy-sponsored auction proceeding. The bid was US$16.5 million. A bankruptcy court hearing to approve the sale of the class 2 dynamically
Acergy S.A. announced today the award of a contract valued at approximately $120 million, offshore Nigeria in shallow water depths. This contract includes the removal of existing risers and the installation of approximately 15km of new pipelines and associated risers, together with associated diving
Chennai : The Indian Oil Corporation and the Tamil Nadu Industrial Development Corporation have submitted a proposal to the Tamil Nadu gover… [mappress] Source: newkerala, May 25, 2010
Federal Environment Minister Jim Prentice said Monday cordial relations with Greenland will help ensure it adheres to high environmental… [mappress] Source:Calgaryherald , May 25, 2010;
Mediterranean Shipping Company (MSC) signed a 5-year contract renewal for Business VPN, a fully-managed, secure, global IP infrastructure from Orange Business Services. The solution provides MSC an MPLS-based network for 65 sites in 30 countries. Additionally, the shipping company will test the Mari
UK supermarkets need to make it easier for the growing number of ethical consumers to buy sustainably sourced fish by improving labelling and ultimately removing unsustainable fish from the shelves. That is the conclusion of a new survey published in consumer magazine Which? this week, which found t
A Malaysian tanker and a ship collided Tuesday morning near the Malaysian and Singaporean waters resulting in an oil spill. Singapore’s ports authority said in a press release that tanker MT Bunga Kelana 3 and the bulk carrier MV Waily collided in Singapore Strait.
The fifth edition of the World Superyacht Awards 2010 was held at London’s Guildhall on Saturday 22nd May. Feadship’s motor yacht Pegasus won Best Refitted Yacht, whilst the iconic Trumpy yacht Freedom received a Judges’ Special Rebuild Award and sailing yacht Necker Belle was awarded a Judges’ Spec
