FMC Technologies in JIP with four O&G majors to develop new generation subsea equipment FMC Technologies, Inc. has signed an agreement which establishes a joint industry program that includes Anadarko Petroleum Corporation, BP, ConocoPhillips and Shell for the purpose of jointly developing a new gen
Extra tonnage seems to be in demand pulling containerships from their idleness and bringing the idle fleet levels to a record low this week. According to the latest figures from Lloyd’s List Intelligence, the capacity of the inactive box fleet decreased to 216,396 teu this week, compared with 238,
Gulf Drilling International Limited (GDI), a subsidiary of Gulf International Services (GIS), has awarded two contracts worth USD 110 million to Nakilat-Keppel Offshore & Marine (N- KOM), a joint venture shipyard between Nakilat and Singapore’s Keppel Offshore & Marine (Keppel O&M). The first cont
Noble Energy announced second quarter 2014 net income of $192 million on total revenues of $1.4 billion. Excluding the impact of certain items, which would typically not be considered by analysts in published earnings estimates, second quarter 2014 adjusted income was $318 million. Key highlights fo
German lender HSH Nordbank has carried out a survey titled “Shipping companies 2014 – Fit for the future?” which shows that the confidence among shipping companies in the industry continues to grow in 2014, as a clear majority of companies expect increased turnover and more than 40 per cent expect h
Additional legislation will not have any significant effect on container safety in transport overseas, the European Shippers’ Council (ESC) said with respect to the issue of the proposed weighing of containers. The proposition comes as ever growing number of shipping accidents are caused by overwe
Delek Group’s gas partnerships together with the other partners in the Tamar I/12 lease, filed a petition to the High Court in Israel with regard to the non-approval of the Petroleum Commissionaire to develop Tamar South-West, by linking it to the existing facilities of the Tamar Project. “The petit
Demand for newbuild containerships has dwindled during the month of June, as European traffic demand began to increase, heralding a changing course in the industry. The slowdown in growth of the orderbook, particularly amongst ultra-large vessels, marks a positive sign that improving demand could
Fitch Ratings has affirmed Nakilat Inc.’s senior and subordinated bond ratings at ‘A+‘ for USD850m series A senior secured bonds due 2033 and ‘A-‘ for USD300m series A subordinated second priority secured bonds due 2033. The rating affirmations reflect Nakilat’s stable operating and financial perfor
Nakilat-Keppel Offshore & Marine, a joint venture shipyard established by Nakilat and Singapore’s Keppel Offshore & Marine, has secured a contract worth 69 million Qatari Riyals to design and construct a floating jetty for Qatar Primary Materials Company. Scheduled for completion in early 2015, the
International Association of Classification Societies (IACS) held a one-day Formal Safety Assessment (FSA) training course for delegates attending the first meeting of the IMO Sub-Committee on Implementation of IMO Instruments (III 1), in order to facilitate a wider understanding of the (FSA) proces
In 2013, the vast majority of worldwide climate indicators—greenhouse gases, sea levels, global temperatures, etc.—continued to reflect trends of a warmer planet, according to the indicators assessed in the State of the Climate in 2013 report, released online on July 17th by the American Meteorologi
Date has been set for the next year’s Offshore Energy Exhibition & Conference. The event will be held on October 13 and 14, 2015. Save the date and join tens of thousands international professionals again at the meeting place for the offshore industry in Amsterdam. Offshore Energy is an annual eve
Iran and Russia plan to enhance cooperation in the gas industry, managing director of the National Iranian Gas Company (NIGC), Hamidreza Araqi said. “Establishment of a joint working group comprising National Iranian Gas Company (NIGC) and Russia’s Gazprom has been put on the agenda with the aim of
