Vietnam broke ground over the Shinec-Vinashin Industrial complex, which will be home to several major industries. The anchor industry on the 791-acre (320-hectare) property will be the shipbuilding sector. Other locators are those in the agriculture, construction, warehouse and trading sectors.
The Lopez family plans to invest in major projects such as shipbuilding and energy generation in Iloilo and Negros Island. Oscar Lopez, chairman of the Lopez Group of Companies, said their group would venture into the shipbuilding industry in Iloilo.
The restoration of Donald Campbell’s Bluebird has taken a major step forward with the donation of a new jet engine. De Havilland Aviation provided the Bristol Orpheus engine, which had previously been on display at the Bournemouth Airport’s aviation museum.
Channel Island boat owners are being urged to check their vessels to make sure of their seaworthiness ahead of any storms. Forecasters are predicting winds up to gale force 9 across Guernsey and Jersey this weekend.
The European Commission is proposing further cuts in fishing catches to help protect stocks. The EU executive has suggested there should be a 25% cut in cod catches for most EU waters, although the northern North Sea will have an 11% increase.
A Belfast man rescued from a sinking liner in the Antarctic has said he is lucky to be alive. Raymond King, 67, was one of 154 people on board the M/S Explorer when it struck an iceberg last Friday.
Aker Kvaerner has signed a letter of intent with Aker Oilfield Services and is set to expand its subsea service offering by providing equipment and personnel to the world’s first deepwater Subsea Equipment Support Vessel (SESV). The contract, to commence latest 2010, is worth approximately USD 60 mi
Aker Kvaerner has informed Aker Drilling that the two Aker H-6e drilling rigs currently under fabrication will have a revised delivery schedule. It is not expected that these changes will affect Aker Kvaerner’s financial results for 2007 and going forward.
Cargotec’s MacGREGOR business area providing marine cargo handling and offshore solutions, has received an order for conversion of car decks in six RoRo vessels. The conversion will take place during 2010–2012 and the value of the order exceeds EUR 10 million.
Maersk Oil has participated in the ninth Brazilian oil and gas exploration licence round and was successful in four bids. Maersk Oil was awarded blocks C-M-560 and C-M-591 in the South Campos basin as operator (50% interest) together with OGX (50% interest). The blocks cover an area of approximately
A gigantic development project is complete and the Ormen Lange field is on stream. On Friday 30 November the Ormen Lange operatorship will be formally transferred to Shell, who from 1 December will take over as field operator.
CNOOC Ltd. and ConocoPhillips China Inc. have begun pilot production from the Phase II development of the Penglai (PL) 19-3 oil field. Oil is flowing from Platform C, the first wellhead platform to come on stream under the Phase II PL 19-3 oil development.
Alan Curran, managing director of Lundin Britain Limited said, ‘An investigation into the cause of the incident is now underway. We are pleased that the safety systems and response processes worked well. We now are working to identify the cause of the incident. Thistle Alpha is an installation with
Total today announces that it has assigned a 10% interest in the Joslyn project to INPEX Canada, a subsidiary of Japanese oil company INPEX Corporation. Located around 60 kilometres northwest of Fort McMurray in the Athabasca region of the Canadian province of Alberta, the Joslyn oil sands project i
