Business & Finance
GOP Works on Enhancing Bahrain’s Position as International Cruise Liner Hub
The General Organisation of Sea Ports (GOP), in its role as regulator of Bahrain’s maritime affairs and custodian of the state-of-the-art Khalifa Bin Salman Port (KBSP), arranged and hosted a meeting to formulate a collective strategy aimed at enhancing Bahrain’s position as an international cruise
China: CCCC Second Harbour Engineering Wins Yuedong LNG Terminal Contract
On June 28, CCCC Second Harbour Engineering Co., Ltd. won the bid for the hydraulic terminal works of CNOOC Yuedong LNG project, with a contract value of 394 million yuan and a construction period of 14 months. Located in Huilai County, Jieyang City, Guangdong Province, the project consists of LNG s
Cape Wind Begins Major Survey Operation (USA)
Cape Wind has commenced a major geotechnical and geophysical survey operation as part of its construction design and engineering process and initial mobilization of the project on Horseshoe Shoal in Nantucket Sound. This multi-million dollar offshore program begins tomorrow and will continue through
India: Wison Offshore & Marine, VGS Group Sign FRU Contract
Shanghai-based Wison Offshore & Marine Ltd., a subsidiary of the Wison Group, announced yesterday the signature of an agreement in principle to supply a newbuild floating LNG regasification unit (FRU) to VGS Group of New Jersey, USA, for installation offshore India. The FRU, which will be owned by V
CNPC, CSIC Ink Deal for Construction of Two Jack-Up Rigs (China)
On July 3, CNPC affiliated China Petroleum Technology and Development Corporation (CPTDC) and CSIC Dalian Shipbuilding Industry Offshore Co., Ltd. signed a contract in Beijing for building the 3rd and 4th DSJ300 jack-up drilling rigs. This will further consolidate the strategic cooperation between t
Belgium: Antwerp Hosts TOC Container Supply Chain Europe 2012
Freight rate stability, price transparency, service reliability and better forecasting are the critical factors for improved container supply chain efficiency, say speakers at TOC Container Supply Chain Europe 2012 conference. Ocean shipping lines need to think more like their customers and be ‘real
Songa Offshore: Fleet Status Update for May/June
Songa Offshore, a Cyprus based drilling contractor, has announced its fleet status update for May/ June 2012. Songa Venus achieved an average operating efficiency of 98% during the period. The rig continues to operate for Petronas Carigali in Malaysia. It is anticipated that the 1 year optional cont
Explora Buys Stake in Lundin’s North Sea License (Norway)
Lundin Petroleum AB has entered into a farmout agreement with Explora Petroleum AS (Explora Petroleum) in respect of licence PL544. Explora Petroleum will acquire a 30 percent interest in PL544, the license is located in the Norwegian sector of the North Sea. The farmout agreement is subject to appr
WHOI: Atlantic Ocean’s Microscopic Plants Blooming Begins
Across the horizon and miles out to sea toward the north, the Atlantic Ocean’s spring and summer ritual unfolds entailing the blooming of countless microscopic plants, or phytoplankton. In what’s known as the North Atlantic Bloom, an immense number of phytoplankton burst into existence, first “green
John Mills Valves Completes Works on Triton FPSO
John Mills Valves, a subsidiary of Wärtsilä Valves Limited, has completed a contract for a bronze globe valve for GE Oil & Gas for the firefighting system handling seawater on the Triton FPSO facility, approximately 100 miles off the east coast of Scotland. GE Oil & Gas required a non-standard valve
Germany: Moby Lines Turns to Colfax for Engine Room Pumps
Colfax has announced that leading Italian ferry operator, Moby Lines, has purchased 14 of its Optiline magnetic coupling pumps. They will be used for heavy oil transfer in the engine rooms of a number of Moby Lines’ ferries on its routes to and from the Italian mainland to the islands of the Upper T
Wison Offshore & Marine to Build LNG FRU for Installation Offshore India
Shanghai-based Wison Offshore & Marine Ltd., a subsidiary of the Wison Group, announced yesterday the signature of an agreement in principle to supply a newbuild floating LNG regasification unit (FRU) to VGS Group of New Jersey, USA, for installation offshore India. The FRU, which will be owned by V
USA: NOAA Predicts Mild Harmful Algal Blooms in Lake Erie
In its first-ever seasonal harmful algal bloom forecast for Lake Erie, NOAA researchers are predicting that western Lake Erie will have a… [mappress] Source: NOAA , July 06, 2012; Image: NOAA
Golar LNG Secures FSRU Project in Chile
Golar LNG Limited has been awarded the Gas Atacama Mejillones Seaport’s FSRU Project (“Gas Atacama”). The initial term of the contract, in Gas Atacama’s option, is for 15 or 20 years and is expected to generate an average annual EBITDA of approximately US$48 million for the 15 year charter or US$47