Petrobras will reportedly sign an exploration and production contract with the local units of Shell, Mobil and Exxon.
Seaarland Shipping Management and Nordic Tankers signed a joint venture that will see both of these companies enter the Handysize product carrier market. The joint venture will involve investment in modern second-hand vessels as well as new buildings. The vessels will be jointly owned by both partners in varying proportions. The first acquisition by the joint venture, the 2000-built 35,820 dwt Hanne, is to be concluded soon
AlMansoori Petroleum Services, a subsidiary of AlMansoori Specialized Engineering, regional provider of oilfield services in the Middle East, has signed a joint venture agreement with American-based onshore energy production services company Key Energy Services. The joint venture will bring several new services to AlMansoori’s capabilities in coil tubing, workover rigs, pumping/cementing, fracturing and acidizing
Japan's Mitsubishi Heavy Industries and Sinopacific Shipbuilding of China sign joint development agreement MHI will provide technological support to Sinopacific in the area of commercial vessel construction. MHI is currently promoting expansion of its engineering business mainly through licensing of technology, while Sinopacific is taking steps to strengthen its shipbuilding business through introduction of technologies from advanced shipbuilders
The Georgia and South Carolina Ports Authorities have signed a new joint venture agreement that provides framework for the two states to work cooperatively toward the development of the Jasper Ocean Terminal (JOT), which will be jointly owned and operated by both port authorities. The updated agreement governs the permitting and planning process for the JOT, including the development of terminal design and supporting infrastructure, plans for financing
The Islamic Republic of Iran and Switzerland signed on Sunday a memorandum of understanding (MoU) on expansion of shipping and sea transport cooperation, Irna reported. Iran’s Ministry of Roads and Urban Development in a statement said an agreement had been signed with the MSC by means of which the global shipping giant will increase calls to Iran’s Bandar Abbas, Chabahar and Bandar Imam ports.
The Maritime and Port Authority of Singapore (MPA) has signed a Memorandum of Understanding (MOU) with the Directorate-General for Freight Transport (DGFT) of the Dutch Ministry of Transport, Public Works and Water Management. The MOU was signed by Mr Chen Tze Penn, Director-General, MPA and his Dutch counterpart, Mrs Jacqueline Tammenoms Bakker, Director-General, DGFT. The signing ceremony took place on 9 Jul 02 at the headquarters of the DGFT at the Hague, Netherlands.
Britain is set to sign a long-awaited $7.8b deal to build two aircraft carriers, which will be the Royal Navy's largest ever ships and are set for 50 years of service. The 65,000-ton carriers are said to be called Queen Elizabeth and Prince of Wales and will enter service in 2014 and 2016. The manufacturing contract is going to a consortium that includes a shipbuilding joint venture being set up between two British companies, BAE Systems and VT Group
NOAA & the European Commission’s Joint Research Centre (JRC) have signed a landmark agreement that will further strengthen cooperative science activities in the areas of climate, weather, oceans and coasts Meeting in Brussels, Belgium, Jane Lubchenco, Ph.D., under secretary of commerce for oceans and atmosphere and NOAA administrator, and Dominique Ristori, director general of the JRC, signed the agreement, which calls for exchanges of personnel
Rosneft’s President and Chairman of the Management Board, Igor Sechin, and Eni’s CEO, Paolo Scaroni, in the presence of the Russian President, Vladimir Putin, and Italy’s Prime Minister, Enrico Letta, has signed a term sheet on mutual crude oil supplies and a heads of agreement on joint participation and investments in logistic and commercial activities within the hydrocarbons sector. Rosneft will supply crude oil to PCK Schwedt refinery in Germany and Česká
Concordia Maritime has signed a contract for the chartering of two IMO2/3 class MR tankers. This a joint chartering arrangement with Stena Weco, and Concordia Maritime’s share amounts to 50 percent. The contract is for one year, and the charters run from June and July 2017.
Bangladesh's State-owned Petrobangla has inked final deals with Summit LNG Terminal Co to development the country's second floating LNG terminal. The Financial Express reported that Summit group will install a Floating Storage and Re-gasification Unit (FSRU) at Moheshkhali Island in
The board of Mexico's state-owned oil company Pemex on Thursday approved its second-ever deep water joint venture covering the Nobilis-Maximino block in the country's territorial Gulf waters. Reuters revealed details of the plan last week.
Saipem has teamed up with Italy's state railways to bid for work on a Russian high-speed train project as the Italian oil engineering and contracting firm seeks new business to offset an ongoing slump in the energy industry. Oil service groups like Saipem have been hit by a sharp fall in oil
Port of Rotterdam signs a ‘memorandum of understanding’ (MoU) with the State Government of Ceará with the purpose to jointly study a potential cooperation. This may lead to the joint venture Industrial Port Complex of Pecém.
The world's biggest liquefied natural gas (LNG) buyers are clubbing together to secure more flexible supply contracts in a move that further shifts power to buyers rather than producers. Korea Gas Corp (KOGAS) said on Thursday it had signed a memorandum of understanding in mid-March with
The Competition Commission of Singapore (CCS) has given the nod to a proposed joint venture between three Japanese shipping lines. Japan’s big three shipping groups, Kawasaki Kisen Kaisha (K Line), Mitsui OSK Lines (MOL) and Nippon Yusen Kaisha (NYK)
Rolls-Royce and the Technology Center for Offshore and Marine, Singapore (TCOMS) have signed a Memorandum of Understanding to form a strategic partnership to develop smart ship technologies. The partners will work on world leading research to develop fundamental technologies
LOUIS DREYFUS ARMATEURS Group (LDA) has signed a Memorandum of Understanding (MOU) with palm oil plantation company Golden Agri-Resources (GAR) to develop maritime logistics business opportunities in Indonesia. The MOU signed between GAR and LDA focuses on developing logistics in
In keeping with India’s national objective of ensuring a secure and stable regional environment to allow unhindered economic and social development, not just in India, but also in the Indian Ocean Region, Indian Naval Ship Shardul is on a two month long deployment in the South Indian
South Africa's newly appointed energy minister Mmamoloko Kubayi has postponed the signing of agreements between state-run power utility Eskom and renewable energy Independent Power Producers (IPPs), Business Report newspaper said on Tuesday.
Wärtsilä and COSCO shipping Heavy Industry Co (CHI) have announced the joint development of a natural gas operating fleet concept, and this design has now obtained Lloyd's Register's (LR) Approval in Principle (AiP) certificate. The development project was carried out under the terms of
Abu Dhabi Ports, the master developer, operator and manager of the Emirate's commercial and community ports, as well as Khalifa Industrial Zone, signed a Memorandum of Understanding (MOU) with Jaheziya, the brand name for Tawazun’s Safety, Security and Disaster Management City.
Skandi Búzios, a pipelay support vessel (PLSV) owned 50/50 by a joint venture formed between TechnipFMC and DOF Subsea, has commenced an eight-year charter contract with Petróleo Brasileiro S.A. (Petrobras), as scheduled on April 13, 2017.
Algoma Central Corporation and Nova Marine Carriers SA today announced the creation of a new joint venture that will focus on short-sea dry-bulk shipping for global markets. This new joint venture, operating as NovaAlgoma Short-Sea Carriers, or NASC