This is a strategic investment by the Company to support the growth of its business in the offshore sector. Punj Lloyds Ltd., a global EPC services provider in energy and infrastructure domans, said on Thursday that it has signed a Memorandum of Understanding (MOU) to invest Rs4.03bn for acquiring a
As part of an ongoing strategy of portfolio management, Société des Pétroles Shell (Shell) has received an offer for the sale of its Berre-l’Etang refinery site complex and associated infrastructure and businesses to Basell. A purchase price of $700 million has been agreed.
A/S Norske Shell (‘Shell’) today announced that the company has entered into an agreement with E.ON Ruhrgas Norge AS to sell its 28% equity interests in the undeveloped Skarv and Idun fields for US$ 893 million. The agreement covers the licenses PL-159, PL-212, PL-212B and PL-262 in the Norwegian Se
As part of an ongoing strategy of portfolio management, Shell International Petroleum Company Limited (Shell) has signed a Letter of Intent with Petroplus Holdings AG relating to the possible sale of two of its French refineries. Shell and Petroplus will discuss detailed terms, including developing
Keppel Offshore & Marine Limited (Keppel O&M) has officially opened its new wholly-owned subsidiary, Keppel Nantong Shipyard Co. Ltd (Keppel Nantong), in Nantong, Jiangsu province, China, today. Mr Luo Yi Min, Party Secretary of Communist Party of China (CPC) Nantong Committee, graced the occasion a
Nhan Dan – Posco-Vietnam Ltd, a member of the Republic of Korea’s Posco Group, started construction of a US $1.13 billion steel-rolling project at the Phu My Industrial Park in southern province of Vung Tau.
India’s Bharati Shipyard Ltd said it has won another order, worth 44.03 mln usd, from UP Offshore (Bahamas) Ltd for two platform supply vessels (PSV).
An Australian navy warship rushed Thursday to save a lone British sailor whose yacht was stuck on a reef off a remote island in the South Pacific, officials said. The frigate HMAS Ballarat was sent from New South Wales state to rescue the British yachtsman, whose boat hit a reef around 185 kilometer
Teekay Corporation (Teekay or the Company) (NYSE: TK) today reported net income of $78.4 million, or $1.04 per share, for the quarter ended June 30, 2007, compared to net income of $20.4 million, or $0.27 per share, for the quarter ended June 30, 2006. The results for the quarters ended June 30, 200
Vopak today announces that it has successfully closed a new EUR 1 billion senior unsecured multicurrency revolving credit facility with a banking syndicate of 12 international relationship banks. This facility will be used to support the growth strategy of Vopak going forward.
2nd Quarter highlights: Strong financial performance EPS increased by 49% EBITDA increased by 47% Record high profit and order backlog in Subsea, P&T and P&C Strategic drilling equipment investment in Wirth GmbH Strong market continues Targeted EBITDA margin of 6.5% – 7% for end 2007 already achieve
Autoship Systems Corporation (ASC) is pleased to announce their Norwegian Dealer, Coastdesign, Norway (CDN), has received 10 new orders from Solstad Offshore ASA for Autoload onboard stability software. Installations will be onboard vessels; Normand Jarl, Normand Drott, Normand Titan, Normand Trym,
A consortium made up of Japan’s Toa Corporation and Belgian firm Jan de Nul is expected to finish by November 2008 the first phase of expansions to El Salvador’s La Unión port, an official from national ports authority Cepa told BNamericas
IT was third time lucky for salvage contractors attempting to split the stricken MSC Napoli in two, as the ship was finally separated. The operation to split the 62,000-ton cargo ship was carried out in two stages. First cutting charges were placed in front of the accommodation block to cut through
