Nord Stream today announced that the world’s largest pipelay vessel Solitaire has completed work on line 1 of the twin pipeline. Two of three sections of line 1 of the natural gas pipeline are now complete. In total, more than 83,300 pipe segments have been laid over a distance of 1,000 kilometres.
Beach Energy Ltd announced on 6 December 2010 a recommended and unconditional on-market cash offer of 8.5 cents per share for all of the issued and outstanding shares of Impress Energy Ltd it did not own. Beach gained majority control of Impress on 14 December 2010 and has increased its relevant int
ONGC has created an exploration landmark when gas flowed out from the Barren Measure shale at a depth of around 1700 m., in its first R & D well RNSG-1 near Durgapur at Icchapur, West Bengal on 25th of January, 2011. Though the well is still under assessment, the breakthrough is significant as India
Russia-headquartered Global Ports Investments (GPI) has reported strong throughput growth at its stevedoring companies, recovering almost to pre-crisis levels. Owned by N-Trans group – the largest private transportation operator in Russia, CIS and the Baltic countries – GPI handled 1,095,625teu of c
Recognizing the significant commitment Hess has made to workplace safety, the U.S. National Safety Council (NSC) is honoring company Chairman and CEO John Hess among the “2011 CEOs Who Get It” in the February issue of Safety+Health magazine. Each year the publication recognizes CEOs who have made sa
Aker Solutions has secured more of the workscope for the offshore construction phase for the Barents Sea Goliat project. Under a new deal the Norwegian contract group has been selected to install a subsea power cable from the field location back to shore.
Future Pipe Industries Group (FPI), the global leader in the fiberglass pipe industry, has announced that it has completed the replacement of 1,200 meters of corroded steel pipe with glass fiber reinforced epoxy pipe systems (GRE) onboard Swedish icebreaker Atle. The installation was successfully co
The sale of the first of these, YN 16551, a 51-metre, full-displacement vessel was completed in December 2010 to create an enviable total of 7 vessels sold during that year. The first sale of 2011 – YN 15850, a 50-metre, all-aluminium semi-displacement vessel – was completed in January 2011. The con
A crewmember onboard the hijacked heavylift carrier Beluga Nomination has been executed by Somali pirates, according to the Round Table of international shipping associations. Several crewmembers were taken aside for “punishment” after the rescue attempt by the Seychelles’ Coastguard failed.
Hafnia Management that was set up by the Gothenburg-based shipping and investment group Marinvest in 2010 now operates 25 product tanker and chemical tankers; eleven LR1-vessels (45,000–79,999 DWT), two LR2-vessels (80,000–159,999 DWT) and twelve MR-vessels (25,000–44,999 DWT). Marinvest owns eight
BUSINESSES can find out the opportunities presented by the offshore wind sector at an event taking place at York Racecourse on February 10. (yorkpress) [mappress] Source: yorkpress, February 03, 2011
FLEX LNG is pleased to announce that in accordance with the resolution by the shareholders at the annual shareholders meeting of FLEX LNG Ltd held on 25 May 2010, the Board of Directors of FLEX LNG has resolved to issue 118,879 new shares to the members of the Board of Directors, as part of [&hellip
Prime Minister Bruce Golding said the Government will ensure that a strong regulatory framework is put in place to protect Jamaican consumers with the LNG project which will deliver energy at a far more competitive price. PM Golding was answering questions from Opposition spokesman on Energy, Philli
A proposed £20 million project to redevelop part of Dunbar harbour could see its all-weather RNLI lifeboat return to a permanent base in the… By Bryan Copland (eastlothiancourier) [mappress] Source: eastlothiancourier, February 3, 2011;
