Higher utilizations and operational efficiencies enabled APM Terminals’ Global Port and Terminal Network to increase container throughput 11% compared with the third quarter of 2010, outperforming the market, and recording a return on invested capital (ROIC) of 13.5% for the July through September
Aker Solutions has signed a contract with Lundin for the engineering, procurement and construction of a subsea production system for the Brynhild project on the Norwegian continental shelf. The contract value is approximately NOK 700 million. The scope of work includes one template-manifold structur
Lundin Petroleum AB through its wholly owned subsidiary Lundin Norway AS announces the approval from the Norwegian Ministry of Petroleum and Energy of the Plan for Development and Operation (PDO) for the Brynhild field in PL148, located in the Norwegian North Sea. First production from the Brynhild
Lundin Petroleum AB (“Lundin Petroleum”) through its wholly owned subsidiary Lundin Norway AS announces the approval from the Norwegian Ministry of Petroleum and Energy of the Plan for Development and Operation (PDO) for the Brynhild field in PL148, located in the Norwegian North Sea. First product
For two major North European utilities ( Fingrid Oyj and Svenska Kraftnät ) LIOS Technology provided its most advanced multimode Distributed Temperature Sensing (DTS) systems to monitor the HVDC subsea link between the two utility grids. The electricity transmission connection is crossing the Gulf o
Deep Down, Inc. , an oilfield services company specializing in products and services for the deepwater and ultra-deepwater oil and gas industry, today reported $606 thousand of net income for the third quarter of 2011, an improvement of $5.0 million, or greater than 800 percent, over the same period
Higher utilizations and operational efficiencies enabled APM Terminals’ Global Port and Terminal Network to increase container throughput 11% compared with the third quarter of 2010, outperforming the market, and recording a return on invested capital (ROIC) of 13.5% for the July through September a
The Government of the Commonwealth of Dominica, through the Ministry of Public Works Energy and Ports – Geothermal Project Management Unit, intends to procure the services of a firm to conduct a feasibility study regarding the submarine interconnection of Dominica with Martinique and Guadeloupe, and
ACCIONA obtained a net profit of 314 million euros in 9M 2011, tripling the 101 million euros reported in the same period of 2010. Group EBITDA amounted to 934 million euros, a 14.8% increase vs. 9M 2010 and revenues grew 5% to 4,796 million euros. EBITDA growth was mainly due to the positive perfor
Mitsui O.S.K. Lines, Ltd. today announced that its subsidiary MOL LNG Transport Co., Ltd. had completed to install a high-speed, monthly fixed-charge (flat rate) Internet service “OceanBB” for vessels using VSAT 1 provided by SKY Perfect JSAT Corporation, on the MOLLNG-managed Wakaba Maru and four o
Graig announced that on the 9th November Graig China Limited was awarded a nine 76,000 dwt newbuilding Supervision Contract with CMG Shipping Limited in China. Those nine Panamax newbuildings are all contracted by Jiangsu Rongsheng Heavy Industries Co Ltd, but will be built at its sub-contracted shi
Essar Shipping, a part of Essar Group, has bagged a contract worth USD 121 million from ConocoPhillips to drill 11 offshore wells in … Source: The Economic Times [mappress] Source: The Economic Times, November 11, 2011; Image: Essar Group
The Board of Directors of COSCO Corporation (Singapore) Limited announced that its subsidiary, COSCO (Dalian) Shipyard Co., Ltd. has delivered a new build 30,000 DWT multipurpose heavy lift carrier, the KRASZEWSKI, to its buyer. The delivery documents were signed by and between COSCO Dalian and the
SEACOM and Main One, the only two privately funded and open-access based African submarine fibre optic cable systems, were awarded “Best Pan African Initiative” at the AfricaCom Awards 2011 ceremony held in Cape Town, South Africa, on Wednesday 9 November 2011. The award, which was also won by SEACO
