BP Norway’s FPSO for the Skarv development is set to sail from a shipyard in South Korea marking a another major milestone on the NKr 35.8 Bn (US $5.88 Bn) project. At the end of this month the project is now nearing 90% completion for the first phase, Nils Lillelokken, Skarv business manager for BP
The Board of Directors of Shtokman Development AG was held in Zurich on November 24, 2010 to review the key issues related to preparation of the Final Investment Decision on the Start-up Facilities for pipeline gas supply and on the LNG Facilities. The work schedule, program and budget of Shtokman D
Gassco chief executive Brian Bjordal said that the proposed new pipeline to take gas from the Luva and Linnorm discoveries into Nyhamna could cost in the region of NKr 9 Bn (US $1.476 Bn).
BP has reported a major new gas find in the Nile Delta region offshore Egypt. Named Hodoa, the discovery has been drilled in the West Mediterranean Deepwater concession in the Nile Delta located about 80 kilometres (50 miles) offshore north-west from Alexandria and BP said the find is the first Olig
Finally, it has been confirmed, the rumour that has been circling in the market for a while: Wisby Tankers is investing heavily and has ordered two 15,000 DWT asphalt tankers at 3 Maj Shipyard in Rijeka, Croatia. The vessels, among the largest of their kind, will be built acording to the yard’s own
Restech Norway AS, has been nominated for this year’s International award, Innovation Norway’s prestigious award for Norwegian entrepreneurs and innovators who achieve international success. “Restech is an international company located in Norway,” says General Manager Roger Kristensen. Since 1989, R
Cargotec’s MacRack solution for side-rolling hatch covers has won the International Bulk Journal’s (IBJ) environment protection award. IBJ Awards judges were impressed by the MacRack system, which is based on environmentally-friendly electric-drive technology that offers shipowners energy savings, a
Draka announces that it has been awarded the array cabling contract for the Baltic 2 offshore wind farm from Visser & Smit Marine Contracting. The Baltic 2 contract, valued at approximately € 23 million requires Draka to deliver approximately 95 kilometers of 36kV subsea power cable for use in the p
World’s second largest energy user China is considering switching to natural gas instead of oil to run public transport vehicles… (commodityonline) [mappress] Source: commodityonline, November 25, 2010;
Under the patronage of His Highness Sheikh Hamad Bin Khalifa Al Thani, The Emir of the State of Qatar, Nakilat inaugurated the first three phases of its new world-class Shipyard in the Port of Ras Laffan. The Shipyard is located on a 110 hectare site, approximately 8km offshore along the southern br
C-Power is pleased to announce that it has closed the financing of the second and third phases of the offshore wind farm on the Thornton Bank (situated about 30 km in the North Sea off the Belgian coast). The financing will be provided by a group of 7 commercial lenders: KBC, Rabobank, Société Génér
Technip inaugurated today its Asiaflex Products flexible pipe manufacturing facility located in Tanjung Langsat, Malaysia. This new plant will allow the Group to further develop in the growing Asia Pacific and Middle East Subsea oil & gas markets. Asiaflex Products is the first flexible pipe manufac
The Jakarta council has finally approved an increase of Rp 40 billion (US$ 4.48 million) for an allocation in the draft of next year’s … (thejakartapost) [mappress] Source: thejakartapost, November 25, 2010;
For the first time in 40 years, the Ouachita River may not be dredged next year if the Congress goes along with President Obama’s proposed… (ouachitacitizen) [mappress] Source: ouachitacitizen, November 25, 2010;
