Abu Dhabi Ports Company is celebrating after winning two awards at the prestigious Big Project and BGreen magazine Awards ceremony held at the Armani Hotel, Dubai, in the presence of Sheikh Abdul Aziz bin Ali Al Nuaimi, a member of the ruling family of the Emirate of Ajman. Four hundred industry col
On November 29, 2011, the Port of Everett Commission adopted a $40 million 2012 operating and capital budget. The budget invests in business operations and construction projects that will help sustain family-wage jobs. The budget also plans for the port’s future obligations in crucial transportation
FMC Technologies, Inc. announced that it has signed an agreement with LLOG Exploration Company, LLC, for the design, manufacture and supply of subsea production systems to support its Who Dat project in the U.S. Gulf of Mexico. The award is valued at approximately $40 million in revenue to FMC. FMC’
Foss Maritime Co. tugs Justine Foss and Jeffrey Foss have completed a successful tow of a jackup drilling rig to its winter harbor in Port Graham, Alaska. The Spartan 151 jackup drilling rig was moved from its drill site at Nikiski, in the Cook Inlet, which becomes choked with ice during the winter.
Dubai’s financial sector could benefit from Hamburg’s experience in the insurance sector, ship financing and corporate governance, while opportunities exist for the emirate to export its expertise in Islamic finance to the German city, business leaders speaking at the 3rd Dubai-Hamburg Business Foru
Wave energy developer Carnegie Wave Energy Limited announces the completion of the preliminary design for the first CETO grid-connected project. Following the successful in-ocean trial of the CETO 3 commercial scale unit earlier this year, Carnegie’s technical team has analysed a huge quantity of da
Shell and Noble Corporation announce the Gulf of Mexico arrival of the Noble Bully I, a state-of-the-art offshore drilling rig that is designed to raise the bar in terms of safety and performance. The Noble Bully I is the first of two Bully rigs, jointly designed by Shell and Noble, and can be equip
Bumi Armada’s subsidiary, Armada TGT Ltd, signs Facility Agreement with seven financial institutions for facilities totalling USD341.1 million (MYR1.08 billion equivalent) to finance costs related to the conversion and installation of the FPSO Armada TGT 1 for deployment in the Te Giac Trang Field,
Bumi Armada’s subsidiary, Armada TGT Ltd, signs Facility Agreement with seven financial institutions for facilities totalling USD341.1 million (MYR1.08 billion equivalent) to finance costs related to the conversion and installation of the FPSO Armada TGT 1 for deployment in the Te Giac Trang Field,
Plexus Holdings plc, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® method of wellhead engineering, has agreed to supply, subject to finalisation of the contract, Santos Ltd, a major Australian oil and gas exploration and production company, with well
Aker Solutions will announce at the company’s capital markets day that it is maintaining its ambition of 9-15 percent annual revenue growth for the period 2011-15 due to a favourable market outlook for the oil services industry. The company also maintains its ambitions of 3-4 percentage points EBITD
Renewable energy is one of Norfolk’s most rapidly expanding industry sectors, and the construction and maintenance of offshore wind farms along its coastline is offering exciting business opportunities for services providers which are willing to respond to its many challenges. Tidal Transit is one s
AWE Limited (“AWE”) has agreed to sell an 11.25% interest in T/L1 and 2.75% interest in T/18P in the Bass Basin to Toyota Tsusho Gas E&P Trefoil Pty Ltd (“Toyota Tsusho”) for a cash consideration of A$80.125 million. The transaction provides AWE with a more balanced asset portfolio, a very strong ba
This December, the combined daily output of Petrobras its partners exceeded 200,000 barrels of oil equivalent (oil and gas) per day in the Santos Basin, offshore Brazil. On December 6, two days after operations began at well RJS-686, which is connected to platform FPSO Cidade de Angra dos Reis (the
