Business & Finance
Pancontinental Completes Nanaa Seismic Survey, Offshore Kenya
Pancontinental Oil & Gas NL, an oil & gas exploration company with key assets in Australia, Kenya and Namibia. announces the completion of the Nanaa 3D seismic survey in area L8 offshore Kenya. The survey is additional to the earlier Mbawa 3D survey. Conducted by operator Apache Corporation on behal
Alfa Laval to Supply Plate Heat Exchangers for Brazilian Offshore Plaforms
Alfa Laval, a world leader in heat transfer, centrifugal separation and fluid handling — has won a plate heat exchanger order from a big oil company in Brazil. The order value is approximately USD 19.4 million and delivery is scheduled for 2012. The Alfa Laval plate heat exchangers will be installed
New Research Shows Low Environmental Risks of CWA in Baltic Sea
A new scientific article published in the peer reviewed magazine for environmental engineers Journal of Hazardous Materials shows that the natural gas pipeline’s impact on the potential re-suspension of historically dumped chemical warfare agents (CWA) is insignificant. The research and collection o
Venezuela: SNC-Lavalin Inks USD 134 mln Project Management Deal with PDVSA
Canada’s engineering and construcion firm, SNC-Lavalin, has signed a project management contract with Petroleos de Venezuela S.A. (PDVSA) for the Delta Caribe Oriental Project. The value of the contract is approximately CAD $133 million (USD $134 mln) The Delta Caribe Oriental project is in the Sucr
Tata Communications Launches TGN-Gulf Subsea Cable System
Tata Communications, a global communications service provider that owns and operates the world’s largest subsea cable network, announces the launch of its TGN-Gulf subsea cable system that will connect the Gulf to Mumbai, India and onward to the rest of the Tata Global Network (TGN). In partnership
Japan: Imabari Secures Order for Newly Developed Shallow Draft Bulk Carrier
Imabari Shipbuilding Co., in its 100 years old history has built nearly 2,000 newbuilding vessels and has satisfied customers’ needs by developing many kind of vessels for varied purpose and size. Due to the historic hike of fuel oil price, less fuel consumption is required and less environmental bu
Repsol Becomes Operator of Newgrange Prospect, Offshore Ireland
Providence Resources P.l.c., the Irish oil and gas exploration and production company, whose shares are quoted in London (AIM) and Dublin (ESM), provides an update on Licensing Option 11/11 (‘Option’). This licensing authorization is located c. 250 km off the south-west coast of Ireland in c. 1,000
China: Delivery of New Chemical Tanker ‘Feng Hai’
The delivery of “Feng Hai” 6.500(I)DWT product oil/chemical tanker was completed on March 7th at Putuo DongPeng Ship Repairing & Building Co.,Ltd, Zhoushan, Zhejiang Province. The ship will mainly serve in the coastal area of Southeast Asia, Japan, Korea and China and in deep water harbor area in do
Norway Based Eitzen Maritime Wins USD 12 Million Military Contract
Eitzen Maritime Services ASA (EMS) today announced that the Company has been awarded a USD 12 million order from the navy of an undisclosed European NATO country. The order is for general supplies to the country’s naval fleet operating mainly in Mediterranean and Atlantic waters over the remaining o
Norway: Havila Charters Vessels to Petrobras and Statoil
Havila Shipping has entered into an agreement with Brazil’s state controlled oil company, Petrobras, for the PSV vessel Havila Fortress. The contract is for a firm period of four years with possible extension for another four years. The commencement is at the end of second quarter. Havila Fortress w
Repsol Assumes Operatorship of Newgrange Prospect Offshore Ireland
Providence Resources P.l.c., the Irish oil and gas exploration and production company, whose shares are quoted in London (AIM) and Dublin (ESM), provides an update on Licensing Option 11/11. This licensing authorization is located c. 250 km off the south-west coast of Ireland in c. 1,000 metre water
Norway: Havila Shipping Enters New Charter Contracts with Petrobras and Statoil
Havila Shipping has entered into an agreement with Petrobras, Brazil for the PSV vessel Havila Fortress. The contract is for a firm period of four years with possible extension for another four years. The commencement is at the end of second quarter. Havila Fortress will be the fourth PSV vessel tha
UK: Changes in Budget for Decommissioning to Boost Sector
Decom North Sea (DNS), the organisation that represents the North Sea’s oil & gas decommissioning industry, has welcomed changes in the Budget that will boost the sector leading to new jobs and investment in new equipment. With annual decommissioning expenditure in the North Sea forecast to top £1bi
Mitsui, MOL and Marubeni to Invest in Long-Term Charter for MODEC’s Tupi FPSO in Brazil
MODEC, Inc., Mitsui & Co., Ltd., Mitsui O.S.K. Lines, Ltd. and Marubeni Corporation have agreed that Mitsui, MOL and Marubeni will invest in a long-term charter business operated by MODEC for the purpose of providing a floating production, storage, and offloading system (“the FPSO,”) for use in the