Talisman Energy Inc. today announced the completion of its joint venture transaction with Addax Petroleum UK Limited (APUK), an indirect wholly-owned subsidiary of China Petrochemical Corporation (Sinopec Group) following receipt of government and regulatory approval. “We are very pleased to be part
U.S. Sens. Tom Carper and Chris Coons, and U.S. Rep. John Carney (all D-Del.) yesterday highlighted the start of the Nanticoke River maintenance dredging project. Earlier this year, Delaware’s Congressional delegation of Sens. Carper and Coons and Rep. John Carney announced funding for engineering,
Exxon Mobil Corporation will soon begin exploration activities offshore South Africa. The company signed an agreement with Impact Africa Limited (Impact), a subsidiary of Impact Oil & Gas Limited, to acquire a 75 percent participating interest in the Tugela South Exploration Right and will become op
INPEX CORPORATION has announced today that the INPEX-led Ichthys LNG Project has finalized arrangements for US$20 billion in project finance loans including those with eight export credit agencies (ECAs) and 24 commercial banks. The Ichthys project financing is the biggest project financing ever arr
Technip was awarded by the Discovery System a lump sum pipeline installation contract for Discovery’s South Timbalier Block 283 Junction Platform project. The pipelines will be installed between existing facilities in South Timbalier 280 and Ewing Bank 873 and the new platform in Block 283, at water
Paragon Shipping Inc., announced today that it has entered into a binding agreement with Commerzbank AG, subject to certain conditions and final documentation, to amend terms in its loan agreement dated August 12, 2011. More specifically, the Company has obtained waivers and Commerzbank has agreed t
The U.S. Army Corps of Engineers Wilmington District officially launched its newest survey vessel – SWART – with a Nov. 30 christening ceremony at the Engineer Repair Yard. The boat is named after Dirk Swart III (1935-2011) who served as captain and operator of District survey vessel GILLETTE from 1
The power cable Cobra between Denmark and the Netherlands is to be delayed by one year, Energinet.dk announced. Energinet and its Dutch partner TenneT Holding BV planned to complete the cable by 2016, but the plans are delayed until 2017, Bloomberg reports. Danish Energy Association chief consultant
Scorpio Tankers Inc. announced today that it has agreed to time charter-in three product tankers. The terms of the contracts are summarized as follows: A 2007 built MR ice-class 1B product tanker will be time chartered-in for one year at $13,332 per day and is expected to be delivered by the end of
Reef Subsea Dredging & Excavation announced today they have recently completed a fast track project for A/S Norske Shell on the Ormen Lange Mid North Development. From the initial seabed preparation contract, the company was awarded significant additional work on the project which lasted six months
COSCO Corporation (Singapore) Limited announced today that COSCO Nantong Shipyard Co. Ltd., a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co. Ltd., has secured a contract valued over USD370 million from a European company to build a floating production storage and offloadi
Reef Subsea Dredging & Excavation announced that they have recently completed a fast track project for A/S Norske Shell on the Ormen Lange Mid North Development. From the initial seabed preparation contract, the company was awarded significant additional work on the project which lasted six months t
Reef Subsea Dredging & Excavation announced today they have recently completed a fast track project for A/S Norske Shell on the Ormen Lange Mid North Development. From the initial seabed preparation contract, the company was awarded significant additional work on the project which lasted six months
Statoil has received consent to use production facilities with associated pipelines and equipment on the Skuld field in the Norwegian Sea. Skuld is an oil field located in the Norwegian Sea, north of Norne and approx. 200 km west of Sandnessjøen. The field is part of production licence 128, where St
