Iran-Turkmen Ships to Launch in March

Monday, November 12, 2007
Four Russian-made ships under the name of “Iran-Turkmen” will be launched in the Caspian Sea by March 2008, said the Caspian Sea Shipping Co. managing director Saturday. The company’s fleet will reportedly reach 10 when the four are delivered. Reportedly, $48m from the Oil Stabilization Fund (OSF) has been allocated for the building of the four vessels. [Source: http://www.tehrantimes.com]

Offshore

STX to Slash Jobs, Sell Yard

To stat above water by restructuring, South Korean Shipbuilder STX Offshore & Shipbuilding Co. plans to lay off about a third of its workforce and sell a yard in France, says a report in WSJ.

Onshore Spending on the Cusp of Recovery?

DW’s recently released quarterly World Oilfield Services Market Forecast (OFS) and World Oilfield Equipment Market Forecast (OFE) continue to suggest 2016 will

US Offshore Lease Sale Yields $18 Mln in High Bids

Today’s U.S. oil and gas Lease Sale 248 garnered $18,067,020 in high bids for 24 tracts covering 138,240 acres in the Western Gulf of Mexico Planning Area, announced

 
 
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