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Business & Finance

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ABS Officially Opens KETC in South Korea
Business & Finance

ABS Officially Opens KETC in South Korea

Leading classification society ABS officially inaugurated the ABS Korea Energy Technology Center (KETC) in Busan, South Korea, on 19 October 2012. ABS President and CEO Christopher J. Wiernicki joined senior representatives of the Korean shipping and shipbuilding sectors and academia to celebrate th

about 14 years ago
UK: Alicat Workboats Buys Boatbuilder South Boats
Business & Finance

UK: Alicat Workboats Buys Boatbuilder South Boats

The business of major British work boat company South Boats Special Projects Limited has been sold out of administration – saving a significant number of jobs on the Isle of Wight. The leading manufacturer of service vessels for the offshore wind power industry, which is based out of Cowes on the Is

about 14 years ago
Gov’t Gives Nod for Primeline, CNOC PSC (China)
Business & Finance

Gov’t Gives Nod for Primeline, CNOC PSC (China)

Primeline Energy Holdings Inc. has received confirmation of the approval of the petroleum contract for Block 33/07 (“Petroleum Contract 33/07”) from the Ministry of Commerce in China. As previously announced, Primeline and CNOOC entered into a new petroleum contract for Block 33/07 on 15th June 2012

about 14 years ago
USACE Seeks Contractor for Yaquina Repair Work (USA)
Business & Finance

USACE Seeks Contractor for Yaquina Repair Work (USA)

The U.S. Army Corps of Engineers, Portland District is seeking eligible businesses to provide for the emergent support requirements and the yearly maintenance and overhaul/dry-docking of the USACE Trailing Suction Hopper Dredge YAQUINA. YAQUINA has Overall Length of 200 ft, a Beam of 58 ft, a Normal

about 14 years ago
ABS Inaugurates Korea Energy Technology Center
Business & Finance

ABS Inaugurates Korea Energy Technology Center

Leading classification society ABS officially inaugurated the ABS Korea Energy Technology Center (KETC) in Busan, South Korea, on 19 October 2012. ABS President and CEO Christopher J. Wiernicki joined senior representatives of the Korean shipping and shipbuilding sectors and academia to celebrate th

about 14 years ago
Primeline Energy to Conduct 3D Seismic Operations (China)
Business & Finance

Primeline Energy to Conduct 3D Seismic Operations (China)

Primeline Energy Holdings Inc. announced that it has received confirmation of the approval of the petroleum contract for Block 33/07 (“Petroleum Contract 33/07”) from the Ministry of Commerce in China. As previously announced, Primeline and CNOC entered into a new petroleum contract for Block 33/07

about 14 years ago
Australia: Eni to Carry Out Separate Production Tests of Gas Bearing Zones on Heron South-1
Business & Finance

Australia: Eni to Carry Out Separate Production Tests of Gas Bearing Zones on Heron South-1

MEO Australia Limited provides the following update in relation to Heron South-1 being drilled in NT/P68, operated by Eni Australia Ltd (Eni). Since last progress report, operations are underway to ream the 216mm (8 ½”) hole prior to running and cementing the liner. The well is interpreted to have i

about 14 years ago
Forum Continues Pattern of Revenue Growth (USA)
Business & Finance

Forum Continues Pattern of Revenue Growth (USA)

Forum Energy Technologies, Inc. reported third quarter 2012 revenue of $348 million, up 5% over third quarter 2011 revenue of $331 million. Net income for the third quarter 2012 was $41 million, a 15% increase compared to third quarter 2011 net income of $36 million. Diluted earnings per share for t

about 14 years ago
Keppel Strikes Steel on Floatel Endurance (Philippines)
Business & Finance

Keppel Strikes Steel on Floatel Endurance (Philippines)

Floatel Endurance, worth US$315 million, will be built to the Floatel Superior design, a DSSTM 20NS design developed by GustoMSC and Keppel FELS’ Deepwater Technology Group.

about 14 years ago
USA: Great News for Buffalo’s Waterfront
Business & Finance

USA: Great News for Buffalo’s Waterfront

Congressman Brian Higgins and Erie Canal Harbor Development (ECHDC) President Tom Dee marked the start of construction on a demonstration project which could lead to sand beaches along Buffalo’s Outer Harbor. “Anyone visiting Gallagher Beach this past summer knows that the public has been ahead of u

about 14 years ago
UK: RIX Sea Shuttle Launches Its New WFSV
Business & Finance

UK: RIX Sea Shuttle Launches Its New WFSV

RIX Sea Shuttle, part of J.R. Rix & Sons Ltd, launched its first vessel on Friday, specifically commissioned to serve the offshore wind farm sector. The Rix Panther was launched in a ceremony at Meridan Quay, Grimsby Fish Dock on Friday, October 26th. It is the first of five boats commissioned by Ri

about 14 years ago
Army Corps Ready to Respond to Hurricane Sandy (USA)
Business & Finance

Army Corps Ready to Respond to Hurricane Sandy (USA)

The U.S. Army Corps of Engineers, Baltimore District is monitoring water levels at their 14 dams and lakes throughout Western Maryland, Central Pennsylvania and Southern New York, have activated their emergency operations center in downtown Baltimore, and are in constant coordination with local and

about 14 years ago
Australia: Neptune Receives Proposed Takeover Offer
Business & Finance

Australia: Neptune Receives Proposed Takeover Offer

Neptune Marine Services Limited, received after market yesterday a proposed takeover offer from Blossomvale Investments Pte Ltd (Blossomvale). Blossomvale is a substantial shareholder of Neptune and a wholly owned subsidiary of MTQ Corporation Limited (MTQ) and its proposal is to acquire all the sha

about 14 years ago
ABS Opens Korea Energy Technology Center
Business & Finance

ABS Opens Korea Energy Technology Center

Leading classification society ABS officially inaugurated the ABS Korea Energy Technology Center (KETC) in Busan, South Korea, on 19 October 2012. ABS President and CEO Christopher J. Wiernicki joined senior representatives of the Korean shipping and shipbuilding sectors and academia to celebrate th

about 14 years ago
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