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  • 2 January 2014
    Business & Finance, Rules & Regulation

    A number of amendments to the International Convention for the Safety of Life at Sea (SOLAS), the International Convention for the Prevention of Pollution from Ships (MARPOL) and the 1988 Load Lines Protocol entered into force or took effect from 1 January 2014. The amendments cover passenger ship safety (in relation to safe return to […]

  • 23 December 2011
    Rules & Regulation

    Major revisions to the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers (the STCW Convention), and its associated Code enter into force on 1 January 2012, with a five-year transitional period until 1 January 2017. The “Manila Amendments” were adopted at a Diplomatic Conference in Manila, the Philippines, held in June 2010, […]

  • 30 October 2013

    Siem Offshore and Marine Platforms Limited have entered into a new contract for the MRSV “Siem Marlin”. The contract is made at market terms and is for a firm period of one year with start in April 2014. Also, Statoil has exercised the option to charter the large-size PSV “Siem Sailor” for one additional year starting […]

  • 14 January 2014

    British renewable energy company RES (Renewable Energy Systems) has announced the opening of a new office in Stuttgart, Germany with ambitious plans for business in this market – Europe’s biggest market for wind energy. The office has been fully operational since the beginning of December. Dr Frank Finzel, General Manager of the new subsidiary; RES […]

  • 5 October 2011

      The International Convention on Standards of Training, Certification and Watchkeeping for Fishing Vessel Personnel, 1995 (STCW-F 1995) is set to enter into force on 29 September 2012, after the required 15 ratifications were reached on 29 September 2011, with ratification by the Republic of Palau. The STCW-F Convention sets the certification and minimum training […]

  • 2 February 2015
    Business & Finance

    Tokyo-based shipping company Mitsui O.S.K. Lines (MOL) has taken delivery of the 172,000 cbm LNG carrier Papua built by China’s Hudong-Zhonghua Shipbuilding. The Papua is the first in a series of four ships to be built by Hudong, a wholly owned subsidiary of China State Shipbuilding Corporation, to provide LNG transportation for the PNG LNG project in […]

  • 15 January 2013
    Business & Finance

    On December 17, the Shanghai Stock Exchange and China Securities Index Co., Ltd. announced relevant indexed sample stock would be adjusted from the first trading day of 2013. According to the indexing rules, upon deliberation by the index advisory committee, in the sample adjustment, CCCC was entered in 57 indices including SSE 180, SSE50, CSI300 […]

  • 28 February 2014

    CHEC has recently won the bid for the channel dredging project of Port of Douala in Cameroon, with a contract value of some 28 million euros and a construction period of 24 months. This is the first project signed by the Central Africa Regional Management Center in 2014. As Cameroon’s largest port and an estuary […]

  • 2 July 2014
    Business & Finance

    Kvaerner and China Offshore Oil Engineering Co. Ltd (COOEC) have established an Engineering Joint Venture, Kvaerner COOEC Engineering & Technology Ltd (KCET), located in Qingdao, Shandong, China. KCET is established to carry out and further develop joint engineering capability for international EPC projects. In April 2013, Kvaerner and COOEC signed a ten year Strategic Cooperation […]

  • 2 December 2013

    Talisman Energy Inc. today announced that the company has entered into an agreement with Carl C. Icahn and his affiliates. As part of this agreement, Samuel Merksamer and Jonathan Christodoro will join the Company’s Board of Directors in December 2013. “I would like to welcome Samuel and Jonathan to our Board and look forward to […]

  • 17 December 2013

    Rocksource ASA has executed closing of the farm-in agreement with Fortis Petroleum Norway AS for a ten per cent interest in licences PL 509S & BS on the Norwegian Continental Shelf (NCS). Further, Rocksource has completed an agreement with E&P Holding AS in which the Company has acquired options to farm into NCS licences PL 455 and PL […]

  • 9 September 2013

    Gazprom’s delegation paid a visit on Friday to the Republic of Croatia. As part of the visit a meeting was held between Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Ivan Vrdoljak, Minister of Economy of the Republic of Croatia. The parties discussed different aspects of the cooperation in the energy sector. Particular attention was paid to the South Stream project implementation in the Republic. In addition, the meeting addressed […]

  • 10 December 2013

    A group comprised of 17 oil and gas companies has established a project for joint seismic acquisition in the southeastern Barents Sea. Statoil is the operator of the project. At the request of the Norwegian Ministry of Petroleum and Energy, the industry, via the Norwegian Oil and Gas Association, has taken the initiative to jointly […]

  • 13 June 2013

    Following the results of the 22nd Licensing Round announced by the Norwegian Ministry of Petroleum and Energy, RN Nordic Oil AS, a 100% indirect subsidiary of Rosneft, has been granted the award of a 20% participating interest in the license PL713 covering the area of 1,213 sq. km. License PL713 consists of four promising blocks: […]

  • 16 January 2015

    The Japan-Australia Economic Partnership Agreement (JAEPA) entered into force on 15 January 2015. On 8 July 2014 Prime Minister Abbott and Japanese Prime Minister Shinzo Abe signed the agreement during an official ceremony at Parliament House in Canberra. JAEPA is described by the respective countries’ prime ministers as a historic development in economic relations between Japan and […]

  • 10 September 2012
    Business & Finance

    APM Terminals is now entering the attractive Russian market in a strategic partnership with the leading Russian transportation group, N-Trans. By acquiring 37.5 pct. of the public company Global Ports, APM Terminals becomes an equal controlling partner in the leading operator of container terminals in Russia. Up until now, N-Trans has been the sole controlling […]

  • 19 December 2012

    Southern Cross Electrical Engineering and Kentech have created a 50:50 Joint Venture to capitalise on unprecedented levels of demand for Electrical and Instrumentation (E&l) construction works for large – scale LNG projects. The JV Agreement, which is focused on Australian onshore LNG processing facilities, is for an initial five – year period with an option […]

  • 11 April 2012
    Research & Development

    Nautilus is now in the last 100 days of the 4 year NORSEWInD Project for which the company is running the Knowledge Management programme. NORSEWInD is developing real-time high quality hub-height wind internet based atlases for the the offshore wind energy industry in the Baltic, Irish & North Seas. It is doing this by developing […]

  • 30 November 2011
    Business & Finance

      Today, Nexen Inc. , an independent, Canadian-based global energy company has entered a joint venture with China’s CNOOC Limited in the Gulf of Mexico. The joint venture will provide CNOOC Limited with a working interest in up to six deepwater exploration wells in the Gulf of Mexico. Among the prospects included in the deal […]

  • 22 July 2010
    Project & Tenders

    DSME has entered into the South African shipping business market. The CEO & President of DSME, Sang-Tae Nam, recently met with South African President, Jacob Zuma to exchange opinions on economic cooperation schemes including the shipping business and agreed to reinforce their mutual cooperation. At the meeting, President Jacob Zuma asked DSME to share its […]

  • 25 November 2014

    After more than seven years of planning and design, the MeyGen tidal energy project is now entering the construction phase for the first 6MW tranche of capacity in what is believed to be the world’s largest planned tidal stream project. Now that the financing package has been agreed for the first four turbines, Atlantis Resources has entered into all the major construction contracts. […]

  • 28 November 2011
    Business & Finance

    The Leif Höegh (UK) Ltd operated LNG Carrier Arctic Princess, a NIS-registered LNG carrier of 121 597 gross tonnes, registered high temperatures in the stern tube bearing shortly after leaving the El Ferrol yard for sea trial on the Atlantic Coast in north-western Spain, on the afternoon of 21 November. On the morning of the 24th […]