Reliance Industries Limited and BP today announced a historic partnership between the two companies. Mr. Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited, and Mr. Robert Dudley, BP Group Chief Executive, signed the relationship framework and transactional agreements in London. The partnership across the full value chain comprises BP taking a 30 per cent stake in 23 oil and gas production sharing contracts that Reliance operates in India, including the producing KG D6 block, and the formation of a 50:50 joint venture between the two companies for the sourcing and marketing of gas in India. The joint venture will also endeavour to accelerate the creation of infrastructure for receiving, transporting and marketing of natural gas in India. The partnership will combine BP’s world-class deepwater exploration and development capabilities with Reliance’s project management and operations expertise. See related downloads for more images Mukesh Ambani said: “We are delighted to partner with BP, one of the largest energy majors and one of the finest deep water exploration companies in the world. This partnership combines the skills of both companies and will be focused on finding more hydrocarbons in the deep water blocks of India and significantly contribute to India’s energy security.” For BP, Reliance is a natural partner in India, given its strong position in the Indian market.
OSL Offshore Systems & Deck Machinery has formed a business alliance to manufacture and supply turnkey ballast systems for offshore drilling and production rigs. The alliance partners of OSL Offshore Systems, Rotork Controls, FloTec and W&O forms a comprehensive organization that services the offshore industry with each group's strengths as leaders for process valves and value automation, integrated PLC controls and hydraulic power.
Jones Walker today announced the expansion of its government relations practice with the addition of John S. Doyle, Jr., Vice President of Government Relations for Waterways Work!, as special counsel in the firm’s Washington, D.C. office. In making the announcement, R. Christian Johnsen, head of Jones Walker’s Washington office, said, “Mr. Doyle will continue to represent Waterways Work!, a client since 2001, and other Jones Walker clients in the areas of government relations with a
Linde has formed a Global Alliance with Single Buoying Mooring Inc. (SBM) to develop and market Floating Production, Storage and Offloading units (FPSO) for the growing Liquid Natural Gas (LNG) industry, based on Linde's proprietary natural gas liquefaction technology. After having finalized a generic concept for a LNG FPSO with a yearly capacity off app.2.5 million metric tons of LNG, global marketing efforts will start as of today
Norwegian tanker operator Iver Ships will join forces with Japan's Mitsui O.S.K Lines to form the second biggest clean tanker alliance in the Asia Pacific region. Iver said the two companies would merge their medium-range (MR) tanker fleets over the next six months to form a pool of 12 45,000 tonners. "Our customers -- the oil majors and petrochemical companies -- are globalizing to form bigger units, and they're looking to concentrate on a few service providers capable of doing a bigger part
The member lines of the Grand Alliance, Hapag-Lloyd, MISC Berhad, NYK and OOCL, have decided to suspend their EU5 Service between Europe and Asia with immediate effect. The weekly service has been operated by eight vessels with an average capacity of 3,300 TEU. Ports of call have been Shanghai, Ningbo, Xiamen, Singapore, Amsterdam, Hamburg, Southampton, Singapore and back to Shanghai with a round voyage time of 56 days. The suspension is preliminary fixed until June 2009.
Bhd, an electronics company, has diversified into the shipbuilding business by partnering Pong Leung Swee to set up and operate a shipyard on Carey Island, Selangor, Malaysia Setron said the alliance entails designing and building ships and similar vessels to primarily serve the oil and gas industry. "The company is confident that the demand for new crew boats and other support vessels for oil and gas industry in the region is promising.
Shipping and logistics company Eimskip, Lithuania's Kursiu Linija and Finnish shipping and container company Container Finance Ltd have joined forces to create a door-to-door logistics providers. The new joint-venture company Containerships Group will be based in Helsinki and will operate eleven ships on services linking east and west Europe, the Baltic States and Russia. It will be the cornerstone of a much larger alliance including the services of its parent companies.
Germany's Linde formed a global alliance with SBM (of the Netherlands to develop and market floating production, storage and offloading (FPSO) units for the liquefied natural gas industry. Under the deal, Linde contributes gas hardware such as pretreatment, fractionation and liquefaction based on its proprietary process LiMuM. SBM for its part contributes for example marine technology including hull and LNG storage tanks systems, power generation systems, mooring systems
J. Ray McDermott, Inc., a subsidiary of McDermott International, Inc., and Bay Ltd. have formed a strategic alliance to pursue fabrication projects in the offshore oil and gas industry, using McDermott's Harbor Island facility near Corpus Christi, Texas. Under the alliance, J. Ray McDermott will provide overall project management, engineering and procurement services, as well as the assembly areas, lifting equipment dredged slip and bulkhead at Harbor Island.
Today in U.S. Naval History - April 2 1781 - Frigate Alliance captures two British privateers, Mars and Minerva 1827 - First Naval Hospital construction begun at Portsmouth, Va. 1947 - UN places former Japanese mandated islands under U.S. trusteeship
Commissioner William P. Doyle of the U.S. Federal Maritime Commission has voted in favor of the amended G6 Alliance Agreement. Commissioner Doyle highlighted the U.S.-Flag international trade, U.S. mariner jobs and environmental benefits
NATO is sending part of its naval rapid reaction force to the Baltic Sea as part of a drive to step up the defence of eastern European allies in response to the crisis in Ukraine, the military alliance said on Thursday. Separately, Canada said it had offered six CF-18 fighter
Russian President Vladimir Putin welcomed NATO's selection of former Norwegian Prime Minister Jens Stoltenberg as its new head, saying on Saturday the pair had "very good relations" but that it was up to the West to improve ties.
Members of the G6 Alliance released details on port rotations for the proposed service expansion to the Asia-North America West Coast and Trans-Atlantic trade lanes, announced in early December last year. Subject to the completion of regulatory review process
COSCO, K Line, YangMing, Hanjin and Evergreen Line announced that the five parties have agreed in principle to establish a shipping alliance. To be operational only on the trades between Asia and Europe, including the Mediterranean region, it will be called the CKYHE Alliance.
Forms for the At-Berth Regulation Advisory have been posted to the Shore Power website. As specified in the December 2013 Regulatory Advisory, fleets need to notify ARB of their intention to qualify for temporary relief under each scenario they intend to use
The P3 agreement between Maersk, MSC, and CGM CMA continues to roil the waters. While the agreement’s pros-and cons are about to be scrutinized in an upcoming meeting between America’s Federal Maritime Commission, the European Competition Commission
North of England P&I Association (North) and Sunderland Marine Mutual Insurance Company Limited (SMMI) merged to form the North Group on Friday 28 February 2014 following approval by the Bank of England’s Prudential Regulatory Authority and other U.K. and overseas regulators
The Defense Science and Technology Organization (DSTO) and Lockheed Martin Australia have signed a new strategic alliance to collaborate on a range of technologies for strengthening defense and national security. The agreement was signed for DSTO by the Chief Defence Scientist Dr
Today in U.S. Naval History - March 10 1783 - USS Alliance (Capt. John Barry) defeats HMS Sybil in final naval action of Revolution in West Indies waters 1933 - Pacific Fleet provides assistance after earthquake at Long Beach, Calif.
Representatives from 11 countries and territories from North America, the Caribbean and Europe have committed support for the conservation of the Sargasso Sea eco-system for the benefit of present and future generations, informs the Sargasso Sea Alliance (SSA).
"I am in favor of not taking any further action to delay the implementation of the P3 Network Vessel Sharing Agreement," announced FMC Commissioner William P. Doyle. (The P3 Network Alliance consists of container shipping companies A.P
BASS, a global provider of fleet management software for ship owners and ship managers as well as operators of rigs and floating production, storage and offloading vessels (FPSOs) and offshore units, introduced the BASSnet 2.9 Fleet Management System during the 13th edition of the Asia Pacific
The countdown to the naming of the U.K. Royal Navy’s new aircraft carrier has begun today, marking 100 days until the major milestone in the Queen Elizabeth Class aircraft carrier program. HMS Queen Elizabeth will be officially named by Her Majesty The Queen in a ceremony at Rosyth on