Several hundred passengers on a luxury round-the-world cruise-ship tour were stuck Thursday on an island in the Atlantic Ocean after the vessel’s owners ran into legal troubles. The 460 passengers and 200 crew members were marooned after their cruise ship sailed into a port in the Madeira Islands, a
STAFF jobs in Europe’s shipbuilding industry were up last year for the first time in decades, a conference in Brussels heard this week. Almost five years after the start of the current order boom and around six after the industry bemoaned the fact that it was facing its worst crisis since the Second
To achieve its goal of becoming one of the top three steel makers globally, South Korea’s Pohang Iron and Steel Co., or POSCO, currently ranked No. 4, said Thursday that it is interested to buy Daewoo Shipbuilding, with the intent to lock in a big customer.
LR-Fairplay reports that the Panama Canal Authority has awarded its largest contract to date, for the dredging of the Pacific entrance to the Canal, to Dredging International.
Wärtsilä has in March signed agreements for two turnkey power plants to two Brazilian power producers at the end of March. The combined value of the orders is EUR 188 million. The power plants are expected to be fully operational at the beginning of 2010.
Aker Kvaerner has signed a three-year frame agreement with Petrobras to supply subsea trees and related equipment in Brazil. The agreement is worth approximately USD 223 million. Scope of work comprises 45 subsea trees, six complete tool sets plus related accessories and spare parts. Work for all eq
Dockwise Ltd. announces that their subsidiary Dockwise Shipping was awarded four (4) contracts for the transportation of drilling and production equipment. Dockwise Shipping will transport jack-up drilling rigs Transocean Nordic, Murmanskaya and Atwoord Aurora within 2008. The PetroProd CJ 70 produc
Energy Resource Technology GOM, Inc. (ERT), a wholly owned subsidiary of Helix Energy Solutions, has agreed to sell a 30% working interest in its Danny Noonan discoveries (Garden Banks Blocks 463, 506 and 507) and other Outer Continental Shelf oil and gas properties (East Cameron Blocks 371 and 381)
The US government will decide next week whether to issue a complete season-long ban on salmon fishing off the Pacific coast of the US. The proposal comes in response to a drastic collapse in fish stocks.
Oceanteam ASA announced today that it has agreed with the Management of KCI Oil & Gas Engineers in the Netherlands a joint venture for the renewables market. The management concluded at the same time a successful management buy-out from the Wood Group. Oceanteam ASA supported the management buy-out
Mr. John C.S. Lau, President & Chief Executive Officer of Husky Energy Inc., announced today that the company has received approval from the federal and provincial governments and regulators regarding the North Amethyst development near the White Rose oil field, 350 kilometres southeast of St. John’
Efforts are under way to release a UK cruise ship that has been detained by police in Madeira. The Van Gogh, which has about 460 passengers on board, was held on Tuesday shortly after it came into Funchal port in the Portuguese isles.
In April 2006 Wärtsilä Corporation was selected to deliver a 163 MWe gas-fired power plant to Pacific Gas and Electric Company (PG&E) in California. The project was subject to the approval of the California Public Utility Commission and environmental permits issued by the California Energy Commissio
Total announces that its wholly owned subsidiary, Total E&P USA Inc., was the highest bidder in the lease sale 206 on 13 blocks in the Central Gulf of Mexico. Situated in deep waters (1,500 to 2,000 metres) and close to Total’s wholly-owned blocks in this area, each of the thirteen Lease Sale blocks
