PetroChina Petrochemical Company has selected Dow’s UNIPOL(TM) Polypropylene Process Technology for its new 300 KTA polypropylene facility, and Aker Kvaerner will provide the extended process design package and technical advisory services.
Declares Increased Dividend of $0.85 per Share for Q4 2007 Increases 2008 Quarterly Dividend Target Rate to $0.85 per share Announces $50 Million Share Repurchase Program.
Cabot Oil & Gas Corporation announced success with its initial wells at Trawick field, continued success with its horizontal drilling program at County Line in east Texas, more success at Hinton in Canada and the success of its early initiatives in the Marcellus shale in Appalachia.
Cabot Oil & Gas Corporation today announced its results for 2007 that highlight another strong year both operationally and financially.
Knightsbridge Tankers Limited reports net income of $60.4 million and earnings per share of $3.53 for the fourth quarter of 2007. Included in the net income figure is a gain of $49.1 million resulting from the sale of 1995- built VLCC Chelsea in December 2007. Earnings per share in the fourth quarte
Austal USA has selected General Dynamics Advanced Information Systems as the ship mission system integrator for its Joint High Speed Vessel (JHSV). The JHSV will provide the U.S. Navy and the U.S. Army with superior capability to perform intra-theater lift. General Dynamics Advanced Information Syst
Lundin Petroleum AB is pleased to announce the start of drilling operations in Block 5B, Sudan. The exploration well Nyal-1, located on the western flank of the basin was spudded on Thursday, 7 February 2008. The well is located in the ‘dry land’ area of the block where several prospects have been i
Vopak has reached agreement in principal with First Reserve Corporation to form a strategic joint venture company for the Freeport oil terminal facility, known as Borco oil terminal, on the Grand Bahama Island (Bahamas). Vopak and First Reserve agreed that the terminal will be operated by Vopak and
Salvors are assessing how to recover a passenger boat abandoned after it started sinking off the coast of Alderney. The Lady Maris is beached on Burhou Island after the crew and nine passengers were rescued
It is odd to think that whilst the Benetti shipyard in Livorno is celebrating the launch of the new 60m Amnesia (FB 245), the first parts of the 65m Amnesia (FB 252) are being built at the same yard.
Two globally-leading companies in their own respective fields, Subsea 7 and SeeByte, have joined forces to develop the next generation of Autonomous Underwater Vehicle (AUV) for the offshore oil and gas industry. The project will see the development of the first truly autonomous vehicle capable of b
HMD held a naming ceremony for Hull No. 0456 on January 11. The vessel is a 47,000-dwt Product Carrier ordered in 2004, the seventh of over thirty 47,000-dwt Product Carriers ordered by Cido Shipping of Japan.
Prosafe has been awarded a Letter of Intent by Interpetroleum Services Limited in association with Ocean Oil Construction and Services Ltd for the five accommodation/ service rigs Safe Britannia, Safe Lancia, Safe Regency, Safe Hibernia and Jasminia. All rigs will continue to work at the Cantarell f
Maersk Oil in Norway has been preliminarily awarded 2 new exploration licences – PL472 (Blocks 6406/2 & 6406/3) and PL474 (Blocks 6406/1 & 6406/2).
