ConocoPhillips has awarded Aker Kvaerner a service contract for provision of personnel and equipment for well intervention services on the Norwegian Continental Shelf. The firm contract period is three years with an estimated value of $147.2m. The contract includes an option to extend another 2 x 2 years.
The Department of Energy (DOE) awarded anew nine new service contracts for oil and gas development. The DOE has processed nine petroleum exploration areas which were bid out in the last Philippine Energy Contracting Round that closed last May. The DOE awarded the contracts for these exploration blocs last September, barring any hitches on the part of investors. Most of the awardees are local companies with foreign partners. The contract areas covered a total of 71,357
The Federal Maritime Commission (FMC) issued a notice stating that the National Customs Brokers and Freight Forwarders Association and the International Association of NVOCCs have petitioned the FMC for an investigation of certain activities of the Transpacific Stabilization Agreement (TSA). The petition alleges that the TSA violated the Shipping Act of 1984 through discriminatory service contracting practices with regard to traffic moving in the eastbound transpacific trades that
Island Offshore, a global Light Well Intervention (LWI) specialist, has been selected by Premier Oil U.K. Ltd. to undertake a new LWI service contract on the U.K. Continental Shelf. The win strengthens Island Offshore’s established position in the dynamic and competitive North Sea marketplace. Premier, an oil and gas exploration and production company, awarded the business to Island Offshore and the North Sea RLWI Alliance
CACI International Inc says it has been selected as a prime contractor to provide logistics support to the U.S. Navy’s Military Sealift Command (MSC) on the Worldwide Logistics Services (WLS) contract. The five-year (one base plus four option years) multiple-award indefinite delivery/indefinite quantity (IDIQ) contract has a ceiling value of $37 million and represents continuing work in CACI’s Logistics and Material Readiness market area.
Huntington Ingalls Industries (HII) subsidiary UniversalPegasus International (UPI) was awarded the engineering services contract for the Pleasant Valley Compressor Station Project in Virginia by Dominion Resources. The value of the transaction was not disclosed. The Pleasant Valley Compressor Station Project is a modification of the existing compressor station to accommodate increasing customer demand. UPI will provide detailed engineering and construction support services for the
The U.S. Navy today awarded Northrop Grumman Corporation's Ship Systems sector a $42.3 million cost-plus contract option for services to the DDG 51 Class Aegis destroyer program. This represents the third option of a multiyear contract that was awarded to the company last year to build four destroyers. Under the contract, Northrop Grumman will provide services including the design of Aegis destroyer upgrades, planning and technical support.
Atwood Oceanics sadi that one of its subsidiaries has been awarded a drilling services contract by Shemen Oil and Gas Resources Ltd., an Israel-based oil and gas company, for the Atwood Beacon. The day rate for work offshore will be $151,000, with contract commencement expected in September 2012 in direct continuation of the current contract. The costs for the mobilization will be covered by provisions in the current rig sharing group contract. The award has a firm duration of 180 days
Mermaid Maritime's subsidiary Subtech Ltd. has been awarded a subsea services contract with Bibby Offshore Limited for services in the North Sea. This contract will utilize the DP2 Dive Support Vessel ‘Mermaid Endurer’ for inspection, repair and maintenance services & light construction intervention. The contract is scheduled to commence in the second calendar quarter of 2014 for a term ending in the fourth calendar quarter of 2014
New service contract covers a further 113 turbochargers ABB Turbocharging, part of the power and automation technology group, announced it has signed its third and largest Operation Performance Package service agreement with China Shipping Container Lines (CSCL), the logistics and containerized transportation company based in Shanghai, China. The contract covers the service and provision of spare parts for 113 turbochargers on 23 vessels
In a container freight market challenged by volatility and facing the prospect of further consolidation, member shipping lines in the Transpacific Stabilization Agreement (TSA) have announced a phased increase in rates and a package of 2016-17 service contract guidelines intended to ensure
ABB Turbocharging, a provider for the manufacture and maintenance of turbochargers for 500 kW to 80+ MW diesel and gas engines, has signed a long-term Maintenance Management Agreement (MMA) with Dynagas Ltd. The service contract covers all Dynagas TFDE (tri-fuel diesel electric) vessels:
ABB Turbocharging, the leading provider for the manufacture and maintenance of turbochargers for 500 kW to 80+ MW diesel and gas engines, has signed a long-term Maintenance Management Agreement (MMA) with Dynagas Ltd. The service contract covers all Dynagas TFDE (tri-fuel diesel electric)
MOL (America) Inc. welcomed Ronnie Armstrong to the position of vice president, area operations. He leads MOL (America) Inc.’s vessel and equipment management, intermodal services, contract management, and cost control and planning groups for the United States and Canada and has functional
Kalmar, part of Cargotec, played a successful role in delivering an automated straddle carrier solution to Patrick Stevedores' during their recent automation of Port Botany container terminal in Sydney, Australia. The conversion from manual operations at Port Botany was made in only four
Polarcus Limited sign a new contract with an unnamed client in terms of a marine 3D seismic project where Polarcus' Right Band technique used for broadband data acquisition. It is stated in a stock exchange release. The project
Federal Maritime Commission Chairman Mario Cordero announced that the Commission has completed compromise agreements recovering a total of $1,227,500 in civil penalties. The agreements were reached with seven non-vessel-operating common carriers (NVOCCs) and one vessel-operating common
GE to provide Buquebus with customized service agreement for LM2500 gas turbines that power Francisco, the world’s fastest commercial ship GE Marine announced it will provide Buquebus, Buenos Aires, Argentina, with a customized service agreement for the two GE LM2500 gas turbines
Brazilian prosecutors plan to file criminal charges stemming from the lease of an Ensco Plc offshore oil-drilling ship to Brazil's state-run oil company Petrobras "in due course," they said. The plan to prosecute over the Ensco-Petrobras charter was mentioned in a Thursday
Business is so tough for oilfield giants Schlumberger NV and Halliburton Co that they have come up with a new sales pitch for crude producers halting work in the worst downturn in years. It amounts to this: "frack now and pay later."
Press release - ABB Turbocharging has signed long-term service agreements with three marine and offshore transport firms covering a total of 400 turbochargers globally. The service contracts span a period of several years and include turbocharger monitoring
The Dutch Pilotage Service contracted with Kooiman BV for a major maintenance survey and life-extension of its SWATH vessel Cetus en Persues. The SWATH, a catamaran vessel measuring 25.7 x 14.3 x 2.7m was built in 2005. Combined with regular special survey
Oslo based BW Fleet Management have chosen to sign a 3 year “BuyerLink” Service contract with EVRY, to use the MarineLink Service and run in parallel with their other eCommence providers who integrates directly with their Oracle EBS Purchasing application.
The Commission voted at its meeting 22nd October to issue a final rule on ocean transportation intermediary (OTI) licensing and financial responsibility requirements, and directed staff to prepare an advanced notice of proposed rulemaking concerning service contracts and NVOCC service
Peru is reducing royalties on oil and gas production to about 5 percent on average from the current 20 percent in order to encourage exploration amid slumping prices, the government said Wednesday. The smaller take should help Peru boost interest in new oil contracts that will come up for