The US government will decide next week whether to issue a complete season-long ban on salmon fishing off the Pacific coast of the US. The proposal comes in response to a drastic collapse in fish stocks.
Oceanteam ASA announced today that it has agreed with the Management of KCI Oil & Gas Engineers in the Netherlands a joint venture for the renewables market. The management concluded at the same time a successful management buy-out from the Wood Group. Oceanteam ASA supported the management buy-out
Mr. John C.S. Lau, President & Chief Executive Officer of Husky Energy Inc., announced today that the company has received approval from the federal and provincial governments and regulators regarding the North Amethyst development near the White Rose oil field, 350 kilometres southeast of St. John’
Efforts are under way to release a UK cruise ship that has been detained by police in Madeira. The Van Gogh, which has about 460 passengers on board, was held on Tuesday shortly after it came into Funchal port in the Portuguese isles.
In April 2006 Wärtsilä Corporation was selected to deliver a 163 MWe gas-fired power plant to Pacific Gas and Electric Company (PG&E) in California. The project was subject to the approval of the California Public Utility Commission and environmental permits issued by the California Energy Commissio
Total announces that its wholly owned subsidiary, Total E&P USA Inc., was the highest bidder in the lease sale 206 on 13 blocks in the Central Gulf of Mexico. Situated in deep waters (1,500 to 2,000 metres) and close to Total’s wholly-owned blocks in this area, each of the thirteen Lease Sale blocks
Triangle Petroleum Corporation reports that the board of directors has reviewed the Company’s portfolio of projects in detail and has elevated the 516,000 gross acre (806 square miles) Windsor Block in the Maritimes Basin to Triangle’s primary shale gas project. The Company has also elected to sell
The Volvo Ocean Race will field an entry in an iShares Cup Extreme 40 series which will feature larger fleets and the potential for a host of America’s Cup combatants in 2008. The Volvo boat will be skippered by Herbert Dercksen, of TornadoSports, the manufacturers of the boats. Dercksen was the fou
Aker Kvaerner has won a contract for the delivery of a complete deepwater marine drilling riser system with buoyancy package and associated equipment. The client, who is undisclosed, has also signed an agreement to buy an additional buoyancy package for a drilling riser system it purchased from Aker
Imtech announces the acquisition of Van Berge Henegouwen Installaties B.V. (VBH). The total purchase price (including earn-out) is based on about five times the EBIT and will be paid in cash. The acquisition will contribute directly to the profit per share. The management of VBH will stay on after t
Hiab, the business area providing load handling solutions within Cargotec has concluded an agreement to acquire the majority of the operations of South African Bowman Cranes (Pty) Ltd, Hiab’s long term agent in the region. The deal is subject to the approval of Competition Commission and other relev
Kalmar, the business area providing container handling solutions within Cargotec, has received an order for 12 E-One rubber-tyred gantry (RTG) cranes from South America’s largest container terminal operator, Santos Brasil S/A, operating at the Port of Santos. The 7+1 wide and 1-over-6 high units wil
A new 115,000-tonne cruise ship has set sail for its home port of Southampton ahead of its official entry into passenger service. Ventura, which can carry up to 3,600 passengers, will be named by actress Dame Helen Mirren at the Hampshire port on 16 April.
A board of inquiry in Australia is to investigate the sinking of a World War II cruiser, following the discovery of its wreckage. HMAS Sydney came under attack from the German cruiser Kormoran in late 1941.
