Houston Port Commission Approves budget
The Fiscal Year 2015 Operating and Capital Budget was approved Thursday during a special meeting of the Port Commission of the Port of Houston Authority. Projections by the Port Authority anticipate increased revenues in 2015, driven in large part by an increase in both import and export container volumes, with an expected pullback in steel tonnage after a banner year in 2014. Overall cargo volumes at the Port Authority continue to grow…
MHI Receives "Best IR Award"
Mitsubishi Heavy Industries, Ltd. (MHI) has received one of this year's "Best IR Awards" presented annually by the Japan Investor Relations Association (JIRA). The company was cited for the clear and detailed way in which it has delineated and explained its management stance to the market and to investors. The JIRA award program is now in its 19th year, and this marks the first time MHI has received this coveted honor.
Rosneft Ships First Oil From Chayvo Field
Rosneft commenced shipment of crude oil extracted at the Northern Tip of Chayvo license off the coast of Sakhalin, with the first tanker carrying Sokol-grade crude leaving port on November 21. The tanker was loaded at the Sokol single-point oil terminal located 5.7 km east of DeKastri Terminal, Khabarovsk Krai. DeKastri is the first terminal in Russia to ship crude oil year round amid the harsh environment of the Arctic. Another export batch is scheduled to ship before the year’s end.
HMAS Success Deploys to Middle East
After months of preparation, HMAS Success departed Garden Island in Sydney today for a six-month deployment to the Middle East Region to provide logistic support for coalition forces as part of Operation MANITOU. Senator the Hon Concetta Fierravanti-Wells, representing the Minister for Defence, and Commander Australian Fleet, Rear Admiral Stuart Mayer, CSC and Bar, RAN, joined family and friends on the wharf to farewell the ship, which will spend Christmas on operations.
ST Engineering Rejigs Top Deck
Singapore Technologies Engineering Ltd (ST Engineering) today announced the appointment of senior management personnel to new key management positions in the Group with a view to further strengthen its leadership team. Mr Lee Fook Sun, currently President of Singapore Technologies Electronics Limited (ST Electronics) and President, Defence Business of ST Engineering, will assume additional responsibilities as Deputy CEO of ST Engineering.
Russia Has No Plan to Cut Oil Output
Russia, the world's biggest energy exporter, does not plan to cut oil production to shore up prices, Rossiya 24 television quoted Energy Minister Alexander Novak as saying on Saturday. Russia, which relies on oil and gas exports for about half its federal budget, has been hit this year by a fall in global oil prices as well as by Western sanctions over its role in the Ukraine's crisis. The Energy Ministry confirmed Novak's quote to Reuters…
Kemp Succeeds Semple at Wood Group
Wood Group announced following changes to its senior management team. Alan Semple, chief financial officer (CFO) has advised the board that he intends to retire and step down from his current role and from the board at the company’s annual general meeting in May 2015, at which time he will have held senior financial roles with Wood Group for over 19 years. Alan has been CFO and a member of the board since 2000.
Sapurakencana Wins 3 Petronas Oil blocks
SapuraKencana Petroleum Berhad today announced that it has entered into Sale and Purchase Agreements to acquire the entire interest of PETRONAS in 3 blocks offshore south Vietnam (Blocks 01/97 & 02/97, Blocks 10&11.1, Block 46-CN) for a total purchase price of US$400 million. The economic effective date of the transaction is January 1, 2014 and SapuraKencana is entitled to net revenues from these Blocks from that date.
USCG Assist Duck Hunters Near Harrington Beach Park
The Coast Guard and the Port Washington and Cedar Grove Fire Departments came to the assistance of two duck hunters on Lake Michigan Friday. The names of those involved are not being released. A 911 dispatcher contacted Coast Guard Station Sheboygan at 11:30 a.m. about two men whose 14-foot boat was taking on water one mile north and about one-quarter mile east of Harrington Beach State Park. The…