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  • 5 September 2013

    GE Oil & Gas (GE) has been awarded a contract to provide Korean shipbuilding firm Daewoo Shipbuilding & Marine Engineering (DSME) with turbomachinery equipment and services for a new oil and gas production platform being built to support the production activities of Statoil Petroleum AS (OSE: STL, NYSE: STO) and its partners Total S.A. and […]

  • 21 September 2012

    Just under three months now remain before Coral Energy, Skangass’ new LNG ship is to be launched and put in operation. For the time being, the ship is in dock in the Baltic Sea, at the Neptun Shipyard where an impressive number of people are working flat out to finish the ship. Two years ago, […]

  • 19 July 2013

    Magnolia LNG recently received wide support for its planned Liquefied Natural Gas (LNG) Project at a Federal Energy Regulatory Commission (FERC) public scoping meeting recently held in Lake Charles. The Magnolia facility will be located on Port of Lake Charles property along the Industrial Canal. In a letter filed with FERC, U.S. Senator Mary Landrieu expressed her support […]

  • 11 March 2014
    Business & Finance

    Suretank, a provider of engineered solutions to the offshore oil and gas industry, has celebrated the official opening of its new corporate centre in Ireland. Ireland’s Minister for Jobs, Enterprise and Innovation Richard Bruton TD officially opened the new building.   The multi million Euro investment at the Group’s head office in Dunleer, Ireland, marks an important […]

  • 26 November 2012

    Westport Innovations, the global leader in natural gas engines, announced a unique on-board storage solution that provides best in class performance for vehicles using liquefied natural gas (LNG). The new Westport™ LNG Tank System, will be available in 120 and 150 gallon capacities, is optimized for spark ignited (SI) engines and begins shipping by mid-2013. […]

  • 30 January 2013

    On April 11th 2013 the China (Shanghai) International Boat Show (CIBS) comes of age and once more shows itself to be the key to the Chinese water leisure market. CIBS has grown virtually every year since its birth in an underground car park 18 years ago and 2013 is no exception with its exhibition area […]

  • 26 April 2012
    Business & Finance

    Georgia Governor Nathan Deal visited the Port of Savannah Tuesday to mark the passage of the state budget, including an additional $46.7 million to help pay for the Savannah Harbor deepening. The new money, passed by the General Assembly as part of the Governor’s FY2013 budget request, brings the total of dedicated state dollars to […]

  • 30 June 2014
    Business & Finance

    Over the past three years, DELO Group, one of Russia’s major private transport companies, has implemented a major investment programme. The programme saw investment in rail and other adjacent port infrastructure, construction of stevedoring and inland storage terminals for oil products, construction of the KSK grain terminal, acquisition of 50% of the NUTEP container terminal […]

  • 19 April 2012

    The overall production outlook for Asian companies is relatively robust in the near-term but looking towards the longer-term, a continued shift by major Asian companies towards internationalisation and higher-risk resource themes will be crucial to production growth. Norman Valentine, Senior Corporate Analyst for Wood Mackenzie says, “Asian company portfolio value remains heavily inclined towards maturing […]

  • 18 July 2013

      Empresa Nacional del Petróleo (ENAP) of Chile reported the successful intervention to exploration wells known as hydraulic fracturing to produce unconventional gas from the glauconitic zone of Block Arenal, where ENAP operates without partners, located on Tierra del Fuego Island (Chile). This first unconventional gas production is a result of the intervention of vertical […]

  • 31 August 2015

    UK Oil & Gas Authority has approved the development of what has been described as the largest new field discovered in the UK North Sea, the Culzean. The field, operated by Maersk Oil is expected to produce enough gas to meet 5% of total UK demand at peak production in 2020/21. Culzean is also the […]

  • 29 April 2013

    The distribution division of the world’s third largest grocery retailer, Tesco, has committed a fleet of HGVs to fill up at facilities run by leading Bio-LNG supplier Gasrec. Thirty-five dual-fuel vehicles will run on Bio-LNG from Gasrec’s refuelling station at Daventry International Rail Freight Terminal: a ground-breaking installation that will officially open to all dual-fuel […]

  • 20 March 2017
    Business & Finance

    Following a request for bankruptcy protection by Singapore’s Ezra Holdings, Emas Offshore, an offshore services provider held by Ezra, will be facing a going concern issue in case it fails to refinance its financial obligations.  In order to facilitate the financial restructuring, Emas Offshore’s parent company Ezra Holdings filed the petition for reorganization at the U.S. court on […]

  • 29 March 2016
    Authorities & Government, Business & Finance, Human Capital

    Stockton University is today playing host to a forum to discuss how New Jersey can benefit from expanding offshore wind industry on the U.S. East Coast. The Offshore Wind Energy Forum kicks off after the U.S. Bureau of Ocean Energy Management’s (BOEM) federal sale last November of two leases for offshore wind energy development of 344,000 […]

  • 22 August 2013
    Business & Finance

    International subsea inspection, repair and maintenance (IRM) group Harkand has today announced the appointment of John Reed as its new chief executive officer as it embarks on the next stage of its ambitious growth strategy. Reed, an industry veteran with more than 30 years’ experience in the offshore engineering and construction sector, will lead the […]

  • 26 January 2016
    Project & Tenders

    Plexus Holdings has entered into a license agreement with Russian Gusar and Konar for the rental, manufacture and servicing of Plexus’ jack-up drilling wellhead exploration equipment into the Russian Federation and the other CIS states oil and gas markets. Entry into the Russian Federation and other CIS states follows on from the licence agreement between Plexus and  […]

  • 5 July 2013

    Chrysaor Holdings Limited , an independent exploration and production company focused on developing and commercialising oil and gas discoveries in the UK North Sea and Ireland, has successfully agreed terms for a $175m equity investment. The successful fundraising is from a combination of new and existing shareholders together with a significant investment by senior management. The new funds […]

  • 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 […]

  • 24 January 2014
    Business & Finance

    The second vessel in the Ramform Titan class, the Ramform Atlas was celebrated in a naming ceremony in Nagasaki, Japan today. To Petroleum Geophysical Services ASA (“PGS”), safety, efficiency and productivity are the most important features of the new, 24-streamer vessel. The ceremony took place at the MHI yard in Nagasaki. The vessel will typically […]

  • 12 November 2013
    Business & Finance

    For shipyard DCD Marine Cape Town, maintaining strong relationships with key clients is integral to the success of the business. One of South Africa’s most established ship repair companies, DCD Marine Cape Town has built its loyal client base – both locally and internationally – on a solid reputation and proven track record for successful […]

  • 2 July 2013

    Maran Nakilat Co. Ltd., a joint venture (JV) between Nakilat and Maran Ventures, has secured Islamic refinancing worth $662.4m that will see the JV expand its fleet and Nakilat increase its ownership of the JV. At a ceremony held at Nakilat’s Doha head office, Maran Nakilat Co. Ltd. signed a $662.4m Murabaha refinancing agreement with […]

  • 6 September 2013
    Project & Tenders, Vessels

    GasLog said that it has signed a memorandum of agreement to acquire the STX Frontier, a 2010-built, 153,600 cubic meter LNG carrier from STX Pan Ocean LNG PTE, a Singapore based company. The intention is that GasLog will take over the vessel from STX Pan Ocean early in the fourth quarter of 2013 in Spain, […]