Genoil and Aquamation Form Alliance

Friday, November 30, 2007
Genoil Inc. announced that they have executed a Joint Operating Agreement with Aquamation Inc., to collaborate in industrial water treatment projects & process plant projects for clients in the oil and gas and petrochemical industries. Under the Joint Operating Agreement, Genoil and Aquamation will jointly market and further develop and integrate their oil and water separation technologies. Additionally, Genoil and Aquamation will share revenues and profits for these projects.

Contracts

Banks Halt Support for Hanjin

A bankruptcy would be biggest ever for a container shipper. Hanjin Shipping Co's banks are halting support for the South Korean company, its lead creditor said,

Austal Dives into Loss

Australia’s largest shipbuilder Austal posted a full year loss of $84.28 million because a program to build war ships for the US Navy took longer than expected.

Russian Shipbuilder Signs $1 bln Oil Rigs Contract with Iran

Russian shipbuilder Krasnye Barrikady and Iran's Tasdid Offshore Development Company (TODC)  have signed a deal worth $1 billion to build five offshore drilling

 
 
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