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.
Zodiac’s bulk carrier Cape Flamingo was the focus of a wind energy monitoring project, as the project partners investigated the potential to improve fuel efficiency. In 2012 Lloyd’s Register’s Strategic Research Group joined forces with Totempower Energy Systems to support
Gardline Marine Sciences, an independently owned survey group, and OceanPact, a Brazilian oil spill response company, have announced the establishment of a joint venture. The new company is to be called Gardline Marine Sciences do Brasil S
Babcock delivers final Integrated Waste Management System (IWMS) component for UK’s new Queen Elizabeth-class aircraft carriers. The Babcock-designed IWMS handles the various fluid and solid waste streams generated onboard the aircraft carriers and processes these until the products are
CSSC Guangzhou Huangpu Shipbuilding (CSSC-HPS) confirmed that it is starting the construction of “two plus two” units of jackup drilling rigs capable of operating in 400 Foot Water Depths, using the Zentech design and TSC integrated equipment packages. Alliance Offshore Drilling PTE Ltd
Loop 3 service will not be reinstated / Other G6 services cover ports of loop 3 / Full network coverage and all major port pairs served with weekly sailings. The G6 Alliance has announced that it will maintain the current 5-loop product structure for its Asia-North Europe service in 2013
Update on United States Maritime Alliance and International Longshoremen's Association labor contract negotiations. Federal Mediation and Conciliation Service Director George H. Cohen issued the following statement on the labor negotiations:
Industrial Emergency Services, LLC Forms an alliance with SVITZER Salvage to provide marine firefighting services in the Americas. Industrial Emergency Services, and SVITZER Salvage Americas announce that they have entered into an alliance to provide marine firefighting services as part of the
Rolls-Royce installed the first MT30 gas turbine into the Royal Navy’s new aircraft carrier HMS Queen Elizabeth, at Babcock’s Rosyth shipyard in Scotland. The MT30, at 36 MW (around 50,000 hp), is reported by the company to be the world’s most powerful marine gas turbine
For inland operators, Compliance, Safety & Technology make for heavy river traffic as software providers descend on a rapidly approaching, potentially lucrative niche market. Is there a panacea for subchapter M? Pending USCG Subchapter “M” (SubM) regulations will eventually
British Secretary of State for Defense, Philip Hammond, signaled a key moment in the creation of aircraft carrier HMS Queen Elizabeth during his visit to the assembly site, Babcock’s Rosyth Dockyard. While Aircraft Carrier Alliance workers looked on, Mr
After agreeing to expand the successful G6 Alliance to the transpacific trade earlier this year, the six member lines announced the port rotations of their new comprehensive and competitive service portfolio. The new expanded cooperation will start in May with six coordinated services
Crowley is a member of The Puerto Rico Maritime Alliance, which consists of representatives of U.S. flag carriers and labor unions constituting the US Merchant Marine. The Maritime Alliance of Puerto Rico (AMPR) has announced that the GAO Study released yesterday determined the Jones
The Subsea Solutions Alliance between three underwater service companies – Miami Diver LLC, Parker Diving Service and Trident BV – formed one corporate entity, Subsea Global Solutions. The company performs complex underwater ship repair for major ship equipment Manufacturers
The Port of Hamburg receives the first of a total of eight 13,380-TEU COSCO newbuildings at HHLA’s Container Terminal Tollerort. Delivered at the end of February, the completed containership Cosco Belgium will berth in Hamburg on April 11
Island Offshore has been awarded a major contract extension with BP Exploration Operating Company Ltd. The two-year contract extension, covering 2014 and 2015, has been awarded to Island Offshore and the North Sea RLWI Alliance, which operates three monohull vessels specially designed for well