Charters worth NOK 1.8 billion, including options, for three anchorhandling newbuildings have been placed by Statoil with Norway
Sky Petroleum, Inc. (OTCBB: SKPI), an oil and gas company with a development project in the United Arab Emirates, announces the recent work on the Mubarek H2 well has resulted in a substantial 130% increase in production from the H2 well. Crescent Petroleum Company International Limited (“Crescent”)
The newly-formed U.S. Superyacht Association (
Two shipyards of international standards are being planned in the country. When finished, they will have the capability to build vessels in excess of 3 lakh dead weight tonne. At a cost of Rs 3,000 crore each, the intention to build these shipyards will be formally flagged off next fortnight when th
With oil exploration and production hotting up, shipmaker ABG Shipyard is planning to foray into offshore jack-up rigs manufacturing. The company is setting up a facility for the production of jack-up rigs at its upcoming shipyard at Dahej, Gujarat.
Capt. Wei Jiafu, President and CEO of COSCO Group, met with H.E. Mohamed Mansour, Egyptian Minister of Transport and his delegation at the Ocean Plaza. Capt. Wei briefed Minister Mansour on COSCO’s business growth and expressed willingness to further enhance business partnership with Egyptian port a
The Scottish salmon business is recovering from a market slump and production should increase from 2007, the industry’s national body has said. Scottish Salmon said one million fresh salmon meals were being consumed every day in the UK. Chief executive Sid Patten said this should mean greater securi
On October 3rd, H.5283, a 115K TDW ICE COT for HTG and H.5289, a 69K TDW P/C for KOTC were launched from the No.2 Dock during the 130th batch. The accomplished progress rate of H.5283 was 93.4%, while H.5289
Statoil’s latest technology for producing liquid fuel from gas is ready for commercial expansion. Vice President Roger Johansen heads Statoil’s GTL initiative. (Photo: Harald Pettersen) Statoil, together with PetroSA and Lurgi, has had success demonstrating a technological solution for so-called gas
The Port of Singapore Authority, a global leader in port management and services, will acquire a 12% stake in ABG Heavy Industries for close to Rs 50 crore. Sources said PSA will pay between Rs 325-350 per share. ABG is setting up two container terminals in Kolkata and Kandla. That apart, it is also
ISS
For the third consecutive meeting, Miami-Dade County commissioners postponed voting Tuesday whether to allow Flagstone Property Group to create a 50-slip mega-yacht marina on Watson Island. Commissioner Bruno Barreiro proposed delaying the vote until November to allow for further review of modificat
Jacksonville, FL. – The Coast Guard terminated the voyage of a 90-foot commercial fishing vessel two-miles northeast of Ponce de Le Inlet, Fla., at 11:15 a.m. after discovering several safety violations aboard the boat. A joint boarding was conducted from an FWC boat, which included officers from th
Papenburg, 11 October 2006 Here we go: MEYER WERFT launched the production of the first steel plate for the new giant cruise liner for the cruise operator Celebrity Cruises (Miami).. The first ship of this class will be delivered to Celebrity Cruises, an affiliated company of Royal Caribbean Interna
