Contracts

GDF Suez: Cutting EU Gas bad Business for Russia

The chief executive of French utility GDF Suez does not expect Russia to cut gas supplies to Europe over its standoff with Ukraine, but said on Thursday that companies

OPEC's August Output Up, Libya Recovery Holds

Supply rises by 90,000 bpd, led by Libya, Angola; output falls in Iraq; Gulf countries keep supply flat. OPEC output stays above 30 million bpd supply target. OPEC's

YPF Inks Shale Oil Deal with Petronas

Argentina's state-controlled energy company YPF said on Thursday it had reached a deal worth $550 million with Malaysia's state oil firm Petronas to develop shale

Joint Petroleum Development in South China Sea Makes Sense

Shared development of oil, gas and possibly other natural resources is the most promising option for reducing tensions in the South China Sea and should be the

Brent Crude Hovers Below US$103

Brent futures dipped on Thursday, but still held between $102 and $103 a barrel, as ample supply and a refinery fire in the United States that could reduce crude demand weighed on prices.

Oceanteam Focuses on Mexico Strategy

Oceanteam Shipping ASA releases its Q2 2014 financial report, with extracts as follows: The company says it saw, with its early focus on Mexico, a long term

Wärtsilä Signs Harvey Gulf OSV Maintenance Agreement

Wärtsilä says it has signed a long-term Technical Management Agreement with Harvey Gulf International Marine LLC (Harvey Gulf). This five-year agreement covers

Vacancy: Senior Claims Exec at Skuld Hamburg

Diversified marine insurer Skuld says it seeks a highly competent Senior Claims Executive who will join its dedicated team of claims handlers in Hamburg. Responsibilities

Latest Ocean-Going Shipbuilding Orders

Clarkson Hellas notes in its latest 'S&P Weekly Bulletin' shipbuilding orders placed in the dry bulk, tankship, gas carrier and containership sectors, as follows: Dry

Big Increase in Port of Houston Steel Cargoes

More steel moved across the docks in July than any month since 2008, Executive Director Roger Guenther reported at the recent meeting of the Port Commission of the Port of Houston Authority.

Textron Awarded $22-M Navy LCAC Contract Modification

The US Department of Defense informs that Textron Inc., New Orleans, Louisiana, is being awarded a $21,904,620 modification to a previously awarded contract (N00024-12-C-2401)

ESG Replicates Historic Schooner 'Columbia'

Eastern Shipbuilding Group, Inc. (ESG) informs that a steel hull replica of the historic Gloucester Fishing Schooner COLUMBA has been launched at its Panama City,

MacGregor Wins Stena RoRo Conversion Job

MacGregor, part of Cargotec, has received a contract from Stena North Sea Ltd. to convert the 29,800gt RoPax ferry Dieppe Seaways to optimize it for its new route

Hydro Group Secures UK Defence Contract

Hydro Group plc, a global design and manufacturer of underwater cables and connectors for subsea, underwater, topside and onshore applications, has secured a contract with BAE Systems,

Russia Denies Plans to Block Gas Transit to Europe

Russian Energy Minister Alexander Novak dismissed Ukraine's claims that Moscow plans to block gas transit to Europe, saying on Wednesday that the assertions are groundless.

Iraq's Southern Oil Exports Fall in August

Iraq's oil exports from its southern terminals so far in August have fallen by about 140,000 barrels per day, according to loading data and industry sources, dropping

SBI Offshore Negotiating Contract for Rig Builds

SBI Offshore Limited has announced that the Middle East-Chinese consortium, which recently awarded its subsidiary a contract to provide design and engineering services for a jack-up drilling rig,

Brazilian PSVs Get Rolls-Royce Offshore Cranes

Rolls-Royce signed a contract with Detroit Chile SA to supply offshore cranes to nine Platform Supply Vessels (PSVs) presently under construction at Detroit Brasil Ltda.

ABS to Class First Self-elevating Unit Built in Qatar

ABS, a provider of classification services to the global offshore industry, was selected by Nakilat-Keppel Offshore & Marine (N-KOM) to class its LB310S liftboat,

Dearth of Oil Finds Threaten Supplies, Price

Oil discoveries hit new lows in 2013, 2014; oil firms cutting spending, including exploration. Spending cut could hit oil price with a lag. Costs soar, making many project unviable.

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