The unaudited result for 2005 is a net profit estimated at US$ 222 million (US$ 6.53 per share). This figure includes a substantial gain relating to the FPSO Serpentina, for which Mobil Equatorial Guinea exercised its contractual purchase option on 1 November 2005
RAK Properties (PJSC), the premier real estate development company of Ras Al Khaimah, has recently contracted with the China-based China Harbor Engineering Company (CHEC) for the construction of the marine works of Mina Al Arab Project in Ras Al Khaimah for an estimated AED 67 million.
India’s state-run Oil and Natural Gas Corp Ltd (ONGC) has struck a deal with ExxonMobil Corp to buy the oil major’s 30 percent stake in Brazil’s “Project Sugar Loaf”, a company spokesman said on Monday.
Companies in the booming oil and gas business are in line for savings on their business rates bills running into millions of pounds from April, The Herald has learned.
Nigerian militants released four foreign oil workers on Monday, ending a 19-day hostage crisis, but threatened to resume attacks on oil facilities in the world’s eighth largest exporter.
The ten Clipper 05-06 Round the World Yacht Race yachts crossed the start line of leg six from Singapore to Qingdao, China, on Friday.
Australia’s defence industry will be on display at a major defence exposition in Sydney as companies and state governments jockey for position ahead of the awarding of multi-billion dollar shipbuilding contracts.
THE creation of a new maritime site would help make South Australia the future shipbuilding hub of the southern hemisphere, Premier Mike Rann said yesterday.
The Northrop Grumman-built Aegis guided-missile destroyer USS Forrest Sherman was introduced to her new crew here on Saturday. About 3,000 people attended the ship’s commissioning ceremony
THE South Australian Government wants to poach key shipbuilders and defence contractors from Sydney, Perth and Melbourne to move to a $140million maritime precinct now being built in Adelaide.
Ten Somalis arrested by the US navy have been flown to the Kenyan port of Mombasa, where they are to be charged. Kenyan sailors, taken hostage on a ship carrying UN food aid to Somalia, have reportedly identified some of the men.
Goa Shipyard Ltd (GSL) launched and commissioned Extra Fast Patrol Vessels
French fisherman has died after falling overboard from a vessel 90 miles south west of the Lizard. A search and rescue helicopter crew from RNAS Culdrose was scrambled on Saturday when the alarm was raised.
Fifty thousand fish being reared to stock a reservoir for fishermen have been freed in what is feared could be an attack by animal rights activists. The rainbow trout should have been released gradually this year into Bewl Water but many are now likely to die.
