Contracts

Trelleborg Fender Systems for Longyearbyen

Trelleborg’s marine operation has been awarded the contract to supply two MV1250 linked corner fender systems and nine MV750 side modular fenders to the port of Longyearbyen in Norway,

Globecomm to Provide VSAT for PBJV Barge

Purpose-built accommodation and pipe-lay barge on charter to Petronas equipped with VSAT and L-Band services. Globecomm Maritime has been awarded a contract

VSTEP Wins Mexican Navy Simulator Contract

The Mexican Navy selected VSTEP to supply a Class A NAUTIS Full Mission Bridge (FMB) Simulator and 24 NAUTIS desktop trainer stations for the Naval Academy in Veracruz.

Floating Production: $1.2b Speculative FLNG Ordered

The floating production business continues to be very strong, particularly in the LNG gas processing sector.  Last month saw a speculatively ordered floating liquefaction plant – a $1.

White House: Condensate Export Decisions 'not coordinated'

The U.S. Commerce Department's decision to give two companies permission last month to export lightly processed crude oil was not coordinated with the White House,

Chesapeake Energy Buying Back Preferred Shares

Chesapeake Energy Corp said it would spend $1.26 billion to buy back all of the outstanding preferred shares issued by its CHK Utica unit to simplify its balance

Talisman Energy Posts Surprise Loss

Talisman Energy Inc, Canada's fifth-largest independent petroleum producer, reported a surprise loss, hurt by lower gas prices in North America and higher royalty payments on production.

National Oilwell Profit Beats Street, Rig Margins Up

National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, reported a better-than-expected rise in profit for the fourth quarter in a row due to

Yukos Shareholders Ready for $50 bln Compensation Talks

Shareholders of former Russian oil producer Yukos are ready to discuss with Russia a court's decision to award them $50 billion in compensation, Tim Osborne, director of holding company GML,

China Oil Demand Masks Diesel Weakness

China's refineries produced the most fuel on record in June and oil consumption reached the highest in 17 months, but there are still doubts as to the true strength of demand.

Diana Containerships Q2 & 1H 2014 Financial Results

Greece-based Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, has reported net income of $0.6 million for the second quarter of 2014,

Warning: Fraudsters Invoice Ships for Needless Clean-ups

Diversified marine insurer Skuld informs that fraudsters have sought to obtain payment for alleged services provided for alleged pollution matters and clean-up work.

China Shipyards Bag the Week's Ocean-going Newbuild Orders

Reported ordering this week has been exclusively focussed on the Chinese yards, says Clarkson Hellas in their latest 'S&P Weekly Bulletin'. Dry bulk carriers COSCO

Scorpio Tankers Report Q2, 1H 2014 Profit Slip

Scorpio Tankers Inc. has reported its results for the three and six months ended June 30, 2014. Highlights excerpted here as follows: Results for the three months ended June 30,

MTN Lands Cruise Line SatCom Contracts

MTN Communications (MTN) says that three cruise operators around the world have selected the company for its passenger, crew, corporate communications and content services.

Gondan to Build Spanish Patrol Boats

Gondan Shipyard has recently signed a contract with the Guardia Civil, Spain’s Civil Guard, for the building of two patrol boats. The aluminum and fiber (PRFV ) vessels will measure 20.

Alstom Wins $450m Contract in Mexico

French engineering group Alstom said on Monday it had won contracts worth around 335 million euros ($450.24 million) to equip an Iberdrola power plant in Mexico.

Seatronics Signs Global Contract with Digital Edge Subsea

Seatronics, an Acteon company, has signed a worldwide contract with Digital Edge Subsea Ltd for Digital Edge Subsea’s complete range of digital video inspection systems.

Japanese Hedge Fund Challenges Regulators

A small Japanese hedge fund has made a rare challenge against financial regulators over a 2010 insider trading case, disputing a finding that one of its fund managers

Britain Sets Out Shale Rules with New Oil & Gas Round

Licenses first step in exploration process; Additional guidance issued on natural beauty spots. Accenture: Shale development still 5-10 years away. The British

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