GE and Eike Batista, the founder of the EBX Group (“EBX”) of Brazil, announced that they have signed a strategic investment agreement. Under the terms of the agreement, GE will make a US$300 million primary investment in exchange for a 0.8% preferred equity interest in Centennial Asset Brazilian Equ
Few days ago, Krasnoye Sormovo Shipyard launched VF Tanker-3 of project RST27 for the VF Tanker LLC. The shipyard and V.F. Tanker inked construction contract for 5 tankers in June 2011 with an option for five more signed in October. The lead ship of project RST27 was launched on February 17th. Proje
As part of the ongoing ramp-up phase and as preparation for the operation of Nord Stream as a twin-pipeline gas transportation system, Nord Stream AG is conducting load tests for Line 1. Over the past three days Line 1 has been operating at full capacity of app. 75 million cubic meters per day which
As part of the ongoing ramp-up phase and as preparation for the operation of Nord Stream as a twin-pipeline gas transportation system, Nord Stream AG is conducting load tests for Line 1. Over the past three days Line 1 has been operating at full capacity of app. 75 million cubic meters per day which
IHC Merwede has recently opened a new yard facility in Broussard, Louisiana, USA. The yard at 206 Cummings Road will operate under the name of Hydro-Ram, Inc. With this expansion IHC Merwede now has a regional office in North America. Hydro-Ram, Inc., consisting of IHC Hydrohammer®, IHC Handling Sys
Dutch-based specialist in design and construction activities for the specialist maritime sector sets up a regional office in North America.
The Australian Government has stepped in to remove the wreck of the MV Tycoon from the Port of Christmas Island. The vessel broke free of its moorings and crashed into cliffs on 8 January 2012, and is now a wreck. Removal of the wreck is normally the responsibility of the owner. However, as the [&he
Norway’s Fred. Olsen Production ASA has announced that a letter of intent (LOI) for an FPSO charter contract, in which the company entered with Petrovietnam in December 2011, has expired. Under the LOI, Fred. Olsen Production and Marubeni of Japan were supposed to be awarded contracts for the constr
Eco Wave Power has successfully installed a medium-scale wave energy power plant, in the Black Sea, during the month of April, 2012. The installation of EWP’s system, took place during that month in recognition of the international Mother Earth Day, celebrated in more than 175 countries every year.
Carbon Trust will help run a new multi-million pound fund to help develop Scotland’s first commercial wave and tidal power arrays. Addressing the AllEnergy conference in Aberdeen, First Minister Alex Salmond launched Scotland’s Marine Renewables Commercialisation Fund (MRCF). The First Minister said
Carbon Trust will help run a new multi-million pound fund to help develop Scotland’s first commercial wave and tidal power arrays. Addressing the AllEnergy conference in Aberdeen, First Minister Alex Salmond launched Scotland’s Marine Renewables Commercialisation Fund (MRCF). The First Minister said
Teras Genesis, was a speculative build project, constructed, for maximum cost effectiveness, at the tail end of a series of four Bahraini flagged sister vessels built for Zamil Operations. Construction of the 2,600 tonne vessel is to ABS class with the notation +A1(E) + AMS, FIFI 1 Towing and Anchor
CNOOC Limited today announced that the Company has successfully made a new discovery Luda(LD)21-2 in Bohai. LD 21-2 is located in the inverted structure belt of LD 22-27 in south Liaodong Bay, with its south part adjacent to LD 27-2 oilfield. The average water depth is 20 meters. The discovery well
Statoil together with operator Repsol Sinopec and partner Petrobras confirm the significant potential of the pre-salt block BM-C-33 in the Campos basin offshore Brazil. The total estimated resources of the block amount to more than 700 million barrels of light crude and 3 Trillion cubic feet (Tcf) o
