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Business & Finance

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ALE Starts Transportation of UK’s Largest Warship Sections
Business & Finance

ALE Starts Transportation of UK’s Largest Warship Sections

Global heavylift and transportation company ALE have started the mammoth task of weighing, transporting, loading-out and loading-in sections of the HMS Queen Elizabeth Aircraft carrier. The project was awarded to ALE by Henry Abram & sons. The specialist heavylift and shipping company is the lead pa

about 14 years ago
CAMAC Energy Buys Production Flowline and Riser for Oyo Well (Nigeria)
Business & Finance

CAMAC Energy Buys Production Flowline and Riser for Oyo Well (Nigeria)

CAMAC Energy Inc. announced that Allied Energy PLC (“Allied”), an affiliate of the Company’s largest shareholder and the operator of its Nigerian deep water blocks, OML 120 and OML 121, has contracted Wellstream International Limited (“Wellstream”) to design, engineer, and manufacture the production

about 14 years ago
Australia: “New Milestone” Hides Even Worse Outcomes?
Business & Finance

Australia: “New Milestone” Hides Even Worse Outcomes?

The company driving the industrialisation of Queensland’s iconic Keppel Bay, the Mitchell Group, have been describing their new plans for the Fitzroy Terminal Project as “environmentally friendly with a unique new loading system.” The company trumpets its environmental credentials as a “new mileston

about 14 years ago
Wartsila Secures Inert Gas Contract for Ichthys Project in Australia
Business & Finance

Wartsila Secures Inert Gas Contract for Ichthys Project in Australia

Wärtsilä Moss AS has won a contract with Daewoo Shipbuilding & Marine Engineering Co (DSME) to supply inert gas generator (IGG) units to a floating production, storage and offloading (FPSO) unit for the INPEX-operated Ichthys LNG project in the Browse Basin, approximately 200km off western Australia

about 14 years ago
Petrobras Pens $1 Billion Loan Deal with Japanese Bank
Business & Finance

Petrobras Pens $1 Billion Loan Deal with Japanese Bank

On Friday, October 12, Petrobras signed a loan agreement for up to US$ 1 billion with the Japan Bank for International Cooperation – JBIC, in Tokyo, Japan. The JBIC will be responsible for lending up to US$ 600 million of the total amount and for providing partial guarantees for the remaining US$ 40

about 14 years ago
Bermuda: SFL Announces Vessel Sale and Termination of Charter Party
Business & Finance

Bermuda: SFL Announces Vessel Sale and Termination of Charter Party

Ship Finance International Limited, today announced that it has agreed to sell the 21-year old combination carrier Front Driver to an unrelated third party and has simultaneously agreed to terminate the corresponding charter party with a subsidiary of Frontline Ltd. Delivery to the new owner is expe

about 14 years ago
DNV & Partners to Facilitate Adoption of LNG Bunkering in Australia
Business & Finance

DNV & Partners to Facilitate Adoption of LNG Bunkering in Australia

Det Norske Veritas (DNV) and nine key members of the Australian maritime, port and energy sectors have established a four-month study organized as a Joint Industry Project (JIP). This JIP’s intention is to facilitate the adoption of LNG fuelled vessels in Australian waters. Using LNG as marine fuel

about 14 years ago
Singapore to Boost Its Thriving Maritime Sector by Moving to Tuas
Business & Finance

Singapore to Boost Its Thriving Maritime Sector by Moving to Tuas

Singapore is relocating its transhipment port operations to Tuas in 10 years’ time, Minister of Transport Lui Tuck Yew announced earlier this week. Singapore company registration specialist Rikvin lauds the move, stating that this will further boost Singapore’s already thriving maritime sector and r

about 14 years ago
US to Develop New Marine Power Generation Technologies
Business & Finance

US to Develop New Marine Power Generation Technologies

Collaborations between the US power industry and academia to develop new technologies for marine power generation are closer than ever before, states a new report by energy experts GlobalData. The new report shows that the US is working to conduct extensive testing of wave and tidal power devices in

about 14 years ago
UK: AWS Secures Funding for Its Wave Energy Project
Business & Finance

UK: AWS Secures Funding for Its Wave Energy Project

AWS Ocean Energy is one of five Scottish marine energy developers to benefit from £7.9 million funding, to further develop testing of new wave and tidal prototypes in the seas around Scotland. The company was awarded a £3.9 million grant towards the cost to design, build and launch a project to prov

about 14 years ago
Tocardo International, Huisman Enter Partnership (The Netherlands)
Business & Finance

Tocardo International, Huisman Enter Partnership (The Netherlands)

Today, Tocardo International, the leading Dutch producer of tidal and free-flow water turbines, announces the start of a strategic long-term partnership with Huisman. Huisman is an international designer and manufacturer of construction equipment for the on- and offshore industry. New shares have be

about 14 years ago
USA: Flexlife to Perform Integrity Checks for Petrobras in Gulf of Mexico
Business & Finance

USA: Flexlife to Perform Integrity Checks for Petrobras in Gulf of Mexico

Flexlife, an oil and gas industry specialist in subsea integrity and project management, has been successfully contracted by Petrobras America Inc. (PAI), a subsidiary of Petrobras, an integrated energy company that operates in 29 countries, to provide independent assessment services worth up to £86

about 14 years ago
BP Achieves Major Milestone on Kinnoull Project in UK
Business & Finance

BP Achieves Major Milestone on Kinnoull Project in UK

BP announces completion of a major milestone on its Kinnoull project in the UK’s central North Sea. On 14th October the new 700 tonne processing unit for the Kinnoull and Andrew Lower Cretaceous reservoirs, built in Hartlepool, England, was successfully installed on to BP’s Andrew platform, 230 kilo

about 14 years ago
SAM Electronics to Install IT Network Aboard Pieter Schelte (Germany)
Business & Finance

SAM Electronics to Install IT Network Aboard Pieter Schelte (Germany)

SAM Electronics of Hamburg, an L-3 company, has been awarded a major contract for supply and installation of a comprehensive IT network and associated equipment aboard Pieter Schelte, the €1.3 billion dynamically-positioned platform installation-decommissioning and pipelay vessel being built by Daew

about 14 years ago
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