Royal Vopak (Vopak) announces that it has reached agreement in principle with Interstream Barging and Van der Sluijs Groep on the contribution of its entire subsidiary, Vopak Barging Europe, to Interstream Barging, an existing joint venture of Vopak and Van der Sluijs Groep. At the same time, it has
John Paul Broeders, Chairman of the Executive Board of Royal Vopak: ‘In 2007, we pursued our extensive growth program consistently, and successfully developed the strategic focus on growth, customer focus and operational efficiency. Around the world, we made enormous efforts and worked resolutely on
StatoilHydro Petroleum AS, operator of production licence 228, has completed the drilling of wildcat well 7222/6-1 S. The well was drilled in a prospect called ‘Obesum’ in block 7222/6, approximately 175 kilometres northwest of Hammerfest. The purpose of the well was to prove hydrocarbons in sandsto
A lifeboat crew have been out all night battling gale force winds to rescue six people on a fishing boat. The St David’s crew were called out at 2335 GMT on Thursday after the 80ft Western Belle suffered engine failure.
With regards to the inflation rate and various cost escalation, the short-listed company Van Oord Ltd would not agree for the contract at the price which was decided two years earlier,” the official said. And if they do not agree, a second tender would be needed.
Preparatory work started this week, managed by Team Van Oord Ltd, with a dredger expected to anchor off-shore in early April to begin pumping sand and shingle ashore for the new beach. Engineers say the groynes should retain the beach material, building strong defences which will protect 1,600 homes
As clearly communicated in the reporting of preliminary financial results for 2007, Aker Yards may have a breach of one financial covenant in some loan agreements on corporate level as of 31 December 2007. A potential breach will most likely be repaired during March at the latest.
Technip has been awarded by Petrofac Energy Developments Ltd (Petrofac) a contract, worth approximately €36 million, for the development of the Don West and Don South West oil fields. These fields are located 150 miles off Shetland, in the United Kingdom North Sea and will be tied back to the Northe
Ben Vree, Smit CEO, comments: ‘The strategy pursued so far continues to prove its worth across all four Divisions. The activities’ mutual synergy made a substantial contribution to this. The Salvage and Transport & Heavy Lift Divisions have seen an exceptionally high volume of work. The Terminals Di
StatoilHydro Petroleum AS, operator of production licence 169, has completed the drilling of wildcat well 25/11-25 A. The well was located just to the southwest of the Grane Field, 160 kilometres west of Karmøy. The purpose of the well was to prove petroleum in Lower Jurassic reservoir sandstone. Th
Frontline Ltd. announces that Independent Tankers Corporation Limited (‘Independent Tankers’) will be registered on the over-the-counter market in Oslo, Norway (the ‘Oslo OTC Market’) as from Friday 7 March, 2008. Independent Tankers has been assigned the ticker code ‘ITCL’.
Exxon Mobil Corporation Chairman and CEO Rex Tillerson today announced plans to invest more than $125 billion in capital spending over the next five years to deliver major projects to help meet growing world energy demand. ‘We will invest record amounts to develop new technology, bring on new upstre
Triangle Petroleum Corporation is pleased to report an update on its Kennetcook #1 (‘KC #1’) and Kennetcook #2 (‘KC #2’) test wells in the 516,000 gross acre Windsor Basin shale gas project of Nova Scotia, Canada.
Three men who set off in a small boat across the English Channel to France have been detained by French police. Concerns were raised for the trio after Dover Coastguard received a 999 call from the mother of one of them saying they had set off in a 12ft boat.
