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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


Boskalis, KOTUG Merge Harbor Towage Operations

Photo: KOTUG

Boskalis, KOTUG agree to merge European harbor towage operations   Royal Boskalis Westminster N.V. and KOTUG International B.V. have signed a Memorandum of Understanding (MoU) to merge the companies’ European harbor towage operations


Scana Industrier Receives Turret Equipment Order

Scana Industrier ASA has through its subsidiary Scana Offshore Vestby, signed a letter of intent (LOI) for delivery of a FSO turret pull-in and locking system to Knutsen OAS Shipping AS / KNOT FSO1 AS. The FSO is a converted Shuttle Tanker in the Knutsen Fleet


Wärtsilä to Proceed with first LNG Terminal

  Wärtsilä has been given full notice to proceed (NTP) from Manga LNG Oy for the supply of a liquefied natural gas (LNG) import terminal in Tornio, Northern Finland. Wärtsilä will commence construction on the site near the port of Tornio in January 2015


Wärtsilä to Begin Building LNG Terminal in January

Tornio Manga LNG terminal (Image: Wärtsilä)

Wärtsilä has been given full notice to proceed (NTP) from Manga LNG Oy for the supply of a liquefied natural gas (LNG) import terminal in Tornio, Northern Finland. Wärtsilä will commence construction on the site near the port of Tornio in January 2015


DSCV SBM Installer Sold to OS Installer

SBM Installer being towed1

  SBM Offshore has entered into an agreement to sell the DSCV SBM Installer, a Diving Support and Construction Vessel (DSCV), to OS Installer AS for US$150 million in cash. OS Installer AS is a newly established joint venture between Ocean Yield ASA (75%) and SBM Offshore (25%)


Zamakona Yards Join Forces with GS Hydro

Pictured from left to right, Mr. Borja Garaygordobil, General Director of Zamakona Yards Canarias and Mr. Pablo Moya, Managing Director of GS-Hydro Spain, Portugal and France

  Zamakona Yards signed a collaboration agreement with finish Multinational GS Hydro.  The agreement, with an initial duration of two years, will include hydraulic services in the already extensive range of services offered by the Zamakona Yards group in the Canary Islands.


Trafigura Consolidating Operations in 3 Locations

Commodity trader Trafigura said on Monday its logistics and warehouse unit Impala Terminals plans to focus its refined metals business in Antwerp, Dubai and China, exiting several sites to concentrate on places where it has greater control.


Triad, EMP Join Forces

Medaka Eco Solar Ferry

As part of its product rollout strategy Eco Marine Power (EMP) announced today that it has signed a support agreement with Theodosiou Bros Ltd (TRIAD Ltd) of Piraeus, Greece. This agreement between EMP and TRIAD Ltd will lead to the establishment of a technical support hub in Greece from


USMRC, ClassNK Ink Joint Research Deal

Left: Mr. Koichi Fujiwara, Class NK Vice President, and on the right is Mr. Brian T. Holden, President of USMRC.

The United States Maritime Resource Center (USMRC) in Middletown, Rhode Island and ClassNK have announced the signing of a Memorandum of Understanding (MOU) laying out a framework for future technical cooperation to carry out joint research and development activities for the maritime industry.


Danish Investors Investigating OW Bunker Collapse

A group of the largest Danish institutional investors has initiated an investigation of the collapse of ship fuel supplier OW Bunker, they said in a joint statement on Wednesday. "The purpose of the investigation is to understand the events leading up to the bankruptcy and to obtain


Gazprom, Siemens to Join Forces

Photo by Siemens

  Berlin hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Joe Kaesar, President and Chief Executive Officer of Siemens. The parties addressed the key issues of the joint activities pointing to the long history of the partnership


NASSCO Licenses LNG Containment Tech to Braemar

Image: Braemar

General Dynamics NASSCO and Braemar LNG BV announce LNG containment technology licensing agreement   General Dynamics NASSCO and Braemar LNG BV, a wholly owned subsidiary of Braemar Shipping Services PLC, have signed a technology licensing agreement for Braemar to use NASSCO’s


EnerMech Secures $53.4m Cranes Contracts

Photo courtesy of EnerMech

EnerMech has secured six new or renewed cranes and lifting contracts in the UK North Sea sector valued in excess of $53.4 million. The Aberdeen headquartered mechanical engineering group agreed extensions to contracts with Apache North Sea, Maersk Oil and Marathon Oil


China, Kazakhstan to Ink $10 bln in Deals

Li Keqiang, Premier of the Peoples Republic of China

  China is expected to sign 30 cooperative agreements worth $10 billion with Kazakhstan as Premier Li Keqiang begins his first official visit to the country, the official Xinhua news agency said on Sunday. Xinhua did not give details


RN-Aero, KazMunayGas-Aero Join Forces

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  RN-Aero (Rosneft subsidiary) and KazMunayGas-Aero (KazMunayGas subsidiary) signed an agreement, substantially increasing cooperation between the Companies. The accord on the signing of the agreement was reached at the IATA International Aviation Forum in Dubai in the end of November.






 
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