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Business & Finance

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Dragados Offshore Secures Contract from Pemex in Gulf of Mexico
Business & Finance

Dragados Offshore Secures Contract from Pemex in Gulf of Mexico

Pemex Exploration and Production has awarded Dragados Offshore with the contract for the project “Compresión Alta Litoral A” (CA-LITORAL-A), to be installed in the Campeche region of the Gulf of Mexico. The scope of work of the contract includes Engineering, Procurement, Construction, Load-out, Seaf

about 14 years ago
China: Xiangyu Dredging Posts 2012 Interim Results
Business & Finance

China: Xiangyu Dredging Posts 2012 Interim Results

Affected by the international and domestic economic environment and the financial positions of local governments of China, the industry generally faced challenges during the first half of the year. However, the prospect of the market is still promising and the medium-to-long term demand will be robu

about 14 years ago
Wartsila Launches Efficient New Aframax Tanker Design (Finland)
Business & Finance

Wartsila Launches Efficient New Aframax Tanker Design (Finland)

Wärtsilä, the marine industry’s leading solutions and services provider, has launched a new, highly efficient Aframax tanker design that offers solutions for current and forthcoming emissions legislation. Wärtsilä Ship Design has developed a double hull, single screw crude oil tanker featuring a CFD

about 14 years ago
Thailand: Salamander Starts Exploration Campaign in Greater Bualuang Area
Business & Finance

Thailand: Salamander Starts Exploration Campaign in Greater Bualuang Area

Salamander Energy plc announces the start of its exploration campaign in the Greater Bualuang area, offshore Gulf of Thailand. The B8/38-8 (NW-1) well is testing one of a number of fault terraces to the north west of the Bualuang oil field. Resource potential of 10 – 15 MMbo has been identified in a

about 14 years ago
Longkou City Dredging Contract Signed (China)
Business & Finance

Longkou City Dredging Contract Signed (China)

Xiangyu Dredging Holdings Limited announced that the wholly owned subsidiary Jiangsu Xiangyu Port Construction Company Limited has enter into a contractual agreement with Longkou City Nanshan Western Coastline Artificial Island Construction and Development Limited for the provision of reclamation dr

about 14 years ago
Bahrain Hosts World Maritime Day Parallel Event
Business & Finance

Bahrain Hosts World Maritime Day Parallel Event

The Kingdom of Bahrain has hosted the 2012 IMO World Maritime Day Parallel Event, on 17 and 18 October 2012, with a seminar and other activities, focusing on this year’s World Maritime Day theme: “IMO: One hundred years after the Titanic”. The parallel event, regarded by all who attended as a great

about 14 years ago
TSHD Macuti Launched (Lithuania)
Business & Finance

TSHD Macuti Launched (Lithuania)

Western Baltija Shipbuilding has launched the trailing suction hopper dredger Macuti, a FKAB D13 design which is being built for the Mozambican Ports and Rail Company (CFM) and the National Dredging Company (EMODRAGA). The vessel is funded by the Mozambican government and the Danish International De

about 14 years ago
Norway: Seadrill Inks HoA for Potential Puchase of Songa Eclipse
Business & Finance

Norway: Seadrill Inks HoA for Potential Puchase of Songa Eclipse

Seadrill has entered into a Heads of Agreement (“HoA”) with Songa Offshore SE for a potential purchase of the ultra deepwater semi-submersible rig “Songa Eclipse”. The HoA has certain subjects, hereunder board approval from Seadrill and Songa. A key element in the HoA is that Seadrill is granted exc

about 14 years ago
Ingalls Shipbuilding Christens Amphibious Assault Ship America
Business & Finance

Ingalls Shipbuilding Christens Amphibious Assault Ship America

Huntington Ingalls Industries’ Ingalls Shipbuilding division on Saturday christened the multi-purpose amphibious assault ship America (LHA 6). The ship, the first in a new class, is the fourth U.S. Navy vessel to be named America, extending a legacy dating back to 1861. Lynne Pace, wife of retired U

about 14 years ago
Statoil Signs Transaction Agreement with Wintershall for NCS Assets
Business & Finance

Statoil Signs Transaction Agreement with Wintershall for NCS Assets

Statoil ASA has signed an agreement to exit the Brage licences, farm down in Gjøa and Vega and acquire a 15 % stake in the Edvard Grieg licence near the Johan Sverdrup field in the North Sea. This transaction with the German oil and gas company Wintershall gives Statoil net proceeds of USD 1.45 bill

about 14 years ago
China: Xiangyu Dredging Purchases New Dredger
Business & Finance

China: Xiangyu Dredging Purchases New Dredger

Xiangyu Dredging Holdings Limited has announced that the wholly owned subsidiaries Xiangyu PRC and Jiangsu Xingyu have entered into a purchase agreement with Zhongchuan Transport. Pursuant to the Contract, Xiangyu Dredging agreed to purchase Zhongchuan No. 9, a 2713 tons cutter suction dredger, at t

about 14 years ago
KSA: Bahri, Saudi Aramco Reach Agreement on Merger of Velas Fleet
Business & Finance

KSA: Bahri, Saudi Aramco Reach Agreement on Merger of Velas Fleet

The National Shipping Company of Saudi Arabia ‘Bahri’ announces that it has reached an agreement with, the Saudi Arabian Oil Company ‘Saudi Aramco’, and Vela International Marine Limited ‘Vela’, a wholly owned subsidiary of Saudi Aramco, on the terms and conditions of the merger of the fleets and op

about 14 years ago
Saipem Bags $1.1 Bln Contracts in Brazil, Angola and Caspian Sea
Business & Finance

Saipem Bags $1.1 Bln Contracts in Brazil, Angola and Caspian Sea

Saipem has been awarded new E&C Offshore contracts worth $1.1 billion in Brazil, Angola and the Caspian Sea. In Brazil, Saipem has signed an EPIC contract with Petrobras for the projects Sapinhoá Norte and Cernambi Sul, within the development of the Pre-Salt Risers in the Santos Basin, approximately

about 14 years ago
Russia: RS Enhances Expertise in Gas Carrier Survey
Business & Finance

Russia: RS Enhances Expertise in Gas Carrier Survey

A training seminar for RS surveyors specialising in gas carrier survey took place at the RS Personnel Training Centre. Thirty five specialists passed theoretical training and received relevant certificates. Thus, one more step was made towards the enhancement of the RS expertise in the field of mari

about 14 years ago
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