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Petrobras To Sign Joint Venture With Shell, Mobil And Exxon

Petrobras will reportedly sign an exploration and production contract with the local units of Shell, Mobil and Exxon.


Seaarland, Nordic Tankers Sign Joint Venture

Seaarland Shipping Management and Nordic Tankers signed a joint venture that will see both of these companies enter the Handysize product carrier market. The joint venture will involve investment in modern second-hand vessels as well as new buildings. The vessels will be jointly owned by both partners in varying proportions. The first acquisition by the joint venture, the 2000-built 35,820 dwt Hanne, is to be concluded soon


Britain to Sign Contract for New Aircraft Carriers

Britain is set to sign a long-awaited $7.8b deal to build two aircraft carriers, which will be the Royal Navy's largest ever ships and are set for 50 years of service. The 65,000-ton carriers are said to be called Queen Elizabeth and Prince of Wales and will enter service in 2014 and 2016. The manufacturing contract is going to a consortium that includes a shipbuilding joint venture being set up between two British companies, BAE Systems and VT Group


AlMansoori Joint Venture with Key Energy

AlMansoori Petroleum Services, a subsidiary of AlMansoori Specialized Engineering, regional provider of oilfield services in the Middle East, has signed a joint venture agreement with American-based onshore energy production services company Key Energy Services. The joint venture will bring several new services to AlMansoori’s capabilities in coil tubing, workover rigs, pumping/cementing, fracturing and acidizing


Shipbuilding Support from MHI for Sinopacific Newbuildings

Shipyard Sinopacific: Photo credit MHI

Japan's Mitsubishi Heavy Industries and Sinopacific Shipbuilding of China sign joint development agreement MHI will provide technological support to Sinopacific in the area of commercial vessel construction. MHI is currently promoting expansion of its engineering business mainly through licensing of technology, while Sinopacific is taking steps to strengthen its shipbuilding business through introduction of technologies from advanced shipbuilders


Eni, Rosneft Sign Oil Supplies Agreement

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Rosneft’s President and Chairman of the Management Board, Igor Sechin, and Eni’s CEO, Paolo Scaroni, in the presence of the Russian President, Vladimir Putin, and Italy’s Prime Minister, Enrico Letta, has signed a term sheet on mutual crude oil supplies and a heads of agreement on joint participation and investments in logistic and commercial activities within the hydrocarbons sector. Rosneft will supply crude oil to PCK Schwedt refinery in Germany and Česká


Wärtsilä, Hyundai form Joint Venture

Wärtsilä and Hyundai Heavy Industries Co. Ltd (HHI) signed an agreement to set up a 50/50-owned joint venture in Korea to manufacture dual-fuel engines for LNG (Liquefied Natural Gas) carriers. The total investment in the company will be EUR 58 million, Wärtsilä's share being EUR 29 million. The name of the company will be Wärtsilä Hyundai Engine Company Ltd and the intended location is in South Korea. The technology shift towards dual-fuel machinery in LNG carriers has significantly


Singapore and the Netherlands Sign MOU

The Maritime and Port Authority of Singapore (MPA) has signed a Memorandum of Understanding (MOU) with the Directorate-General for Freight Transport (DGFT) of the Dutch Ministry of Transport, Public Works and Water Management. The MOU was signed by Mr Chen Tze Penn, Director-General, MPA and his Dutch counterpart, Mrs Jacqueline Tammenoms Bakker, Director-General, DGFT. The signing ceremony took place on 9 Jul 02 at the headquarters of the DGFT at the Hague, Netherlands.


Drydocks World, BP Renew Partnership

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Drydocks World – Dubai, the flagship ship repair, conversion and new building yard of Drydocks World, has renewed its long-standing association with BP Shipping with the signing of a new Alliance Agreement. According to the Agreement, signed by Nawal Saigal, Managing Director of Drydocks World – Dubai, and Dave Williamson, VP Fleet Operations of BP Shipping, the two companies will work closely to achieve optimum production levels based on mutually agreed terms


U.S., Europe to Strengthen Marine Science Co-operation

NOAA & the European Commission’s Joint Research Centre (JRC) have signed a landmark agreement that will further strengthen cooperative science activities in the areas of climate, weather, oceans and coasts Meeting in Brussels, Belgium, Jane Lubchenco, Ph.D., under secretary of commerce for oceans and atmosphere and NOAA administrator, and Dominique Ristori, director general of the JRC, signed the agreement, which calls for exchanges of personnel


DNV GL, N-KOM to Partner on LNG Initiatives

N-KOM’s CEO Chandru Rajwani and Dr Henrik O. Madsen, DNV GL’s Group President and Chief Executive Officer, signed the memorandum. (Photo: Laurence Tissot)

A memorandum of understanding (MOU) was signed today between DNV GL and Qatar’s premier shipyard Nakilat-Keppel Offshore & Marine (N-KOM) to promote liquefied natural gas (LNG) as fuel within the maritime and offshore industry. The signing ceremony took place during DNV GL’s


Fincantieri Sign MoUs with Carnival & CSSC

Courtesy Fincantieri

  Fincantieri, the world leader in the construction of cruise ships, has signed two memorandums of understanding, respectively with Carnival Corporation, the world’s largest cruise line, and with China CSSC Holdings Limited, controlled by CSSC (China State Shipbuilding Corporation)


Vietnam Warship Visits Underscore Regional Tension

Vietnam on Tuesday showed off its two most powerful warships in the first-ever port call to the Philippines but an official said it was not trying to challenge China's superior naval forces amid tension in the South China Sea. Hanoi invited the diplomatic community to its Russian-built


Massive LNG Absorber Shipped to Malaysia

Steel supports fix the 1480 ton absorber safely on the 48 axle lines of SCHEUERLE SPMT

Successful transport of 1,480t absorber for biggest LNG plant worldwide in Malaysia.   1,480 tons and a high center of gravity made the transport of an absorber from the Malysian Bintulu port to the Petronas LNG production site a challenging task


Order Placed for First Gas-Powered Car Carriers

Artists Depiction: courtesy MAN

Dual-fuel ME-GI engine adds important reference to growing list. United European Car Carriers (UECC) has signed a contract for the construction of two LNG-powered Pure Car/Truck Carriers (PCTCs). A single MAN B&W 8S50ME-GI dual-fuel engine will power each newbuilding.  


Petrobras & PPSA Sign PIA for Campos Basin

The development of Tartaruga Mestiça will be combined with development of the Tartaruga Verde field

  Last Friday (10/31) Petrobras and PPSA (Pré-Sal Petróleo S.A.) signed a Production Individualization Agreement (PIA) for the Tartaruga Mestiça field, in the southern part of the Campos Basin. This Agreement sets out the rules for joint production of oil and natural gas


Fincantieri & Technip JV for Offshore Market

  Fincantieri and Technip in Italy signed a Memorandum of Understanding aiming to increase their joint competitiveness by starting to address Italian and Mediterranean Sea offshore markets. The agreement was signed by Marco Villa, CEO of Technip Italy S.p.A


Wärtsilä Dual-Fuel Solution for Icebreaking LNG Carriers

Depiction courtesy Wartsila

The Daewoo Shipbuilding and Marine Engineering (DSME) yard in South Korea has ordered a total of 54 Wärtsilä dual fuel engines to power 172,600 cbm icebreaking LNG carriers being built for use in arctic conditions to serve the Yamal LNG project in Northern Russia.  


Crowley, IbisTek Form Joint Venture

Crowley Maritime Corp. and IbisTek, LLC, have announced the formation of a joint venture, called IbisTek Crowley Limited, to provide a comprehensive package of project logistics, energy support services and emergency response capabilities in Ghana, West Africa


Russia & China Agree on Gas Supplies

Beijing, China

As part of the APEC summit in Beijing, a number of documents related to the Russian-Chinese cooperation in the energy sector were signed today in the presence of Russian President Vladimir Putin and Chinese President Xi Jinping. Alexey Miller


SWISSCO Sets Up JV with Union Offshore

  The Board of Directors of Swissco Holdings Limited has entered into a joint venture with Union Offshore Ltd, a company incorporated in the Republic of the Marshall Islands. The joint venture has secured a charter contract with an approximate value of up to US$115 million to provide an


MOL Forms New Medium Range Tanker Pool

MOL, Ultranav, OSG and Asahi Tanker reach agreement to pool product tanker operation Mitsui O.S.K. Lines, Ltd. (MOL) announced that a pool agreement governing the formation of a new medium range pool has been signed among the partners: MOL, Asahi Tanker Co., Ltd., Ultranav International S. A


Rosneft Inks Supply Pact with PDVSA

Russian top crude producer Rosneft and Venezuelan state oil company PDVSA have signed a new contract for supplies of oil and oil products of Venezuelan production, the Russian company said on Monday. The document envisages the supplies of over 1


Newbuild Chemical Tanker Employs Innovative Tank Design

The 12,500MT Sunrise Hope is the worlds first chemical tanker to use a combination of duplex stainless steel and stainless clad steel in the construction of its cargo tanks.

The world's first chemical tanker to use a combination of duplex stainless steel and stainless clad steel in the construction of its cargo tanks was delivered to Oita-based Hiro Naviera S.A. November 15, 2014 by Usuki Shipyard Co., Ltd., Japanese classification society ClassNK reported.


MoA for APM Terminals in Ghana Port Deal

Port operator APM Terminals, a unit of shipping and oil conglomerate A.P. Moller-Maersk , said on Thursday it had signed a memorandum of understanding with the government of Ghana to expand its Tema Port. APM Terminals said the agreement included a "private investment" in excess of $1






 
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