Business & Finance
Malaysia: Petronas Denies Speculation over its Licensing System
Malaysia’s state oil firm Petronas said on Friday it has not changed its policy of awarding licences to companies involved in its oil and gas production areas. Reporting by Niluksi Koswanage (Reuters) [mappress] Source: Reuters, October 28, 2011
Fugro Conducts ALB Survey in Australia
Fugro has been awarded the contract to conduct an Airborne LiDAR Bathymetry (ALB) survey of the Queensland Sunshine Coast (Australia) to be conducted during October and November 2011. The primary purpose of the survey is to develop a high resolution digital elevation model and other derived products
USA: Nation Must Make Decisions on Modernizing Seaports, Says Head of SCPA
In testimony submitted to a Congressional committee that oversees both maritime and inland transportation, the head of the South Carolina Ports Authority (SCPA) said the nation must make sound decisions on modernizing the nation’s seaports. On Wednesday, the U.S. House Transportation and Infrastruct
France: Total Reports Higher Third Quarter Profits
French oil major Total posted higher quarterly earnings on Friday as stronger crude prices and improved profitability in its refining busine… (Reuters) [mappress] Source: Reuters, October 28 , 2011;
Marinette Marine Starts Construction of US Navy’s Fifth LCS
Lockheed Martin,led industry team, held a keel-laying ceremony at Marinette Marine’s shipyard for the future USS Milwaukee, the U.S. Navy’s fifth Littoral Combat Ship (LCS). The term, lay the keel, in shipbuilding language, means the beginning of a significant undertaking, which is the start of the
USA: Crystal Cruises Wins ‘Best Cruise Line’ Award
In a huge affirmation of cruise industry excellence, Condé Nast Traveler magazine (U.S.) readers have named Crystal Cruises of the NYK Group, the “Best Cruise Line” (mid-sized) for 2011 and rated the line higher than any cruise line, large or small. The ultra-luxe line’s victorious score of 93, its
Germany: Linde Group Sees Growth Opportunities Despite Crysis
In the third quarter of 2011, the technology company The Linde Group built on its good business performance in the first half of the financial year, achieving significant increases in Group sales and Group operating profit in the nine months to 30 September 2011. “We are continuing to make good prog
AWI Launches Antarctic Expedition
On Friday, 28 October 2011 the research icebreaker Polarstern sets off on its 28th Antarctic expedition. Over 200 scientists and technicians from research institutions in 14 countries will take part in the five expedition legs. They will examine a wide variety of topics: oceanography and marine chem
GDBIW Moves 4,000-ton Mid-Forebody Section of USS Zumwalt
On Saturday, October 22, the shipbuilders of General Dynamics Bath Iron Works, a subsidiary of General Dynamics , completed the largest and most complex ship module movement ever executed at the shipyard. The mid-forebody section of Zumwalt, the lead ship of the DDG-1000 class of guided missile de
Australia: Santos Divests Evans Shoal for USD 350 Million
Santos today announced that it has agreed to sell its entire working interest in NT/P 48 (Evans Shoal) in the Bonaparte Basin offshore northern Australia for up to US$350 million to a major international exploration and production company already operating in Australia. Santos will receive a cash co
ABS Establishes Its First Energy Technology Center in Korea
Leading classification society ABS is further strengthening its ties to the Korean maritime industry by establishing the ABS Korea Energy Technology Center (KETC) in Busan in early 2012. This is ABS’ first energy center and will focus on applied research to a broad range of current and future techno
The Netherlands: Students to Participate in CEDA Dredging Days 2011
More than 20 students from technical universities and colleges in Aachen, Delft, Groningen, Hamburg, and Leuven are going to participate in the coming CEDA Dredging Days, under the CEDA Student Programme 2011. Recommended by their respective professors, the students have all shown great affinity wit
HMC Completes Block 31 PSVM Campaign Offshore Angola
After a period of 15 months, Heerema Marine Contractors (HMC) completed the Block 31 PSVM campaign offshore Angola. HMC’s Deepwater Construction Vessel Balder finished the offshore installation campaign with the safe and successful lay down of the last second end FTA of the last production line. Wit
Thailand: Pearl Energy Finalising Manora Development Plans
Tap Oil Limited reported yesterday that Pearl Energy (Pearl), the operator of the Manora offshore field in concession G1/48, Thailand, has defined the field development concept and is finalising its plans for development. As expected, the concept selected involves a Wellhead Processing Platform with