ChevronTexaco Signs MOU to Bring LNG to West Coast
Photo Credit: IZAR ChevronTexaco Corp. today announced than an affiliate had signed a Memorandum of Understanding (MOU) with the Gorgon Joint Venture in Australia for the supply of Liquefied Natural Gas for distribution to markets on the West Coast. Under terms of the MOU, a ChevronTexaco affiliate will enter into negotiations, the details of which are confidential, with the Gorgon Joint Venture which could lead to the supply of at least 2 millin tons of LNG annually over a 20-year period, beginning in 2008.
El Paso Global LNG Signs MOU With EGAS
El Paso Global LNG, a subsidiary of El Paso Corporation has signed a Memorandum of Understanding (MOU) to work with the Egyptian Natural Gas Holding Company (EGAS) and the Eqyptian General Petroleum Corporation (EGPC) to investigate opportunities for El Paso to invest in the natural gas sector in Egypt. The MOU will allow the parties to cooperate in the exploration, production, gathering, transportation, and processing of natural gas and the possible development of a liquefied natural gas (LNG) liquefaction plant in Egypt. The parties will begin various studies into Egypt's natural gas sector immediately.
APM Terminals Poti to Build Cargo Terminal
APM Terminals Poti and Poti New Terminals Consortium signed a Memorandum of Understanding (MOU) for a USD 100 million dollar investment in a new bulk cargo terminal that can process 1.5 million tons of dry bulk cargo annually and generate new trade opportunities for customers in the Georgian transit corridor. The new terminal is expected to be built on APM Terminals Poti land and infrastructure and will entail the construction, development and operation of a new breakwater, dry bulk cargo terminal and related infrastructure to serve bulk cargo customers.
SCI Signs MOU with Govt of India
The Memorandum of Understanding between SCI and Ministry of Shipping for the year 2015 - 2016 was signed on 27th March 2015 at New Delhi by Mr. Rajive Kumar, Secretary (Shipping), MOS and Shri Arun Kumar Gupta, C&MD, SCI. Mr. Alok Srivastava, Additional Secretary, MOS and Capt. Yogesh Puri, Regional Gen. Manager, SCI were also present on the occasion. When asked for details of the MOU, Mr A. K. Gupta stated, "The MoU signed between SCI and Ministry of Shipping can not be made public but it broadly contains Financial and non Financial targets.
Mitsui & Co., Petrobras to Sign MOU
Mitsui & Co., Ltd., reached an agreement with Petrobras (Petroleo Brasileiro S.A.) to jointly carry out a feasibility study for promoting the production of bio-ethanol and related products in Brazil and for the marketing of such into the international market. The Memorandum was signed on April 10. Bio-ethanol is deemed to be an effective renewable fuel for the purpose of achieving the goals stipulated in the Kyoto Protocol, reduction of Green House Gas. Brazil produces 35% of all world's bio-ethanol and exports over 2 million kiloliters.
Dolphin Offshore, NaftoGaz Sign MoU
Dolphin Offshore Enterprises (India) Ltd. signed a memorandum of understanding (MoU) with NaftoGaz, to work together on Engineering Procurement Installation and Commissioning (EPC) contracts related to the installation and commissioning of offshore platforms, pipelines, Single Point Mooring (SPM), etc. The scope of the MoU also includes revamp/ modification projects related to existing infrastructure as well. As per the terms of the MoU, Dolphin Offshore and NaftoGaz will jointly bid for engineering and construction (E&C) projects in India and the West Asia. Notwithstanding the above, existing relationships of Dolphin Offshore with Indian and other international EPC contractors shall remain unaffected.
ABS Signs MOU With the Military Sealift Command
American Bureau of Shipping has signed a Memorandum of Understanding (MOU) with Military Sealift Command (MSC) of the U.S. Navy. The document outlines and formalizes the processes and procedures used in the survey and classification of all MSC U.S. Government-owned vessels. Totaling more than 100 vessels, the MSC fleet is composed of non-combatant vessels such as tankers and cargo ships that support sealift, fleet and special mission operations of the U.S. Navy. All MSC public vessels will be classed in accordance to ABS Rules and, additionally, ABS may act on behalf of the United States Coast Guard (USCG) as their agent to conduct ship inspections when appropriate.
Singapore and the Netherlands Sign MOU
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. This MOU follows on the Letter of Intent on maritime co-operation signed between Transport Minister Yeo Cheow Tong and the Dutch Minister of Transport, Tineke Netelenbos in 2000.
BP to Supply LNG to Indonesia Long Term
On behalf of the Tangguh PSC partners, BP yesterday signed a Memorandum of Understanding (MoU) to provide long-term LNG supply to Indonesia’s state electricity company, PT. PLN (Persero), for domestic Indonesian needs and also to support PLN in providing electricity for Teluk Bintuni Regency, Papua Barat province. The MoU was signed as part of an expansion plan for the Tangguh LNG project in Papua Barat province, Indonesia. The MoU outlines BP’s commitment to work in partnership with PLN to reach an agreement for the supply of LNG for domestic power plant usage, as well as the supply of electricity to meet the demand of local communities and small and medium-sized enterprises in Teluk Bintuni Regency and surrounding areas. Group Chief Executive Bob Dudley.
New Bulker, Drawdown Loans Actioned by Diana Shipping
Diana Shipping Inc. signs MOU to buy a new-building bulk ship from a third party; subsidiaries negotiate term loan facilities. The new-building Kamsarmax dry bulk carrier, to be named Myrto of 82,131 dwt, was built by Tsuneishi Shipbuilding Co., Ltd., Japan, and the purchase price is US$26.5-million. The vessel is expected to be delivered to Diana Shipping at the end of January 2013. Separately, the Company also announced that it signed, through two separate wholly owned subsidiaries, a term loan facility with Nordea Bank Finland Plc, London Branch, and has completed the drawdown of US$20-million. The purpose of this facility is to partially finance the acquisition costs of the two newly built Post-Panamax dry bulk carriers…
Nederex, Damen Shipyards sign MOU with CPA
Curacao Ports Authority NV ("CPA") signed a Memorandum of Understanding with Nederex BV. (Nederex) and B.V. Damen Shipyards Gorinchem (Damen) on the 30th of April. Damen Shipyards and Nederex are engaged in ship repair and the provision of maritime services. Last year CPA and Nederex signed a concession agreement with regard to the activities of Nederex within the St. Anna Bay, from an area which is managed by CPA. "This cooperation is an important step in the right direction," said Humberto de Castro, CPA's CEO.
DNV GL, Goldwind in Wind Power Pact
Goldwind International and DNV GL has signed a Memorandum of Understanding (MoU) for optimizing offshore and onshore wind projects. DNV GL to be preferred independent third-party advisor for performance optimization of offshore and onshore wind projects. DNV GL, the world’s largest resource of independent energy experts and certification body, said in a statement that it has signed MoU with Goldwind International during the Norway-China Partnership for Low Carbon Energy Transition seminar organized by the Beijing Energy Club.
Wärtsilä Developing Hybrid Tug for Brazil
Wärtsilä said it has signed a memorandum of understanding (MoU) to develop a new environmentally friendly tug design for a new port facility being built in the Brazilian city of São Mateus. The MoU, signed with Petrocity, parent company of a new port facility, will see Wärtsilä develop a harbor tug design based on its recently launched Wärtsilä HYTug, which features hybrid propulsion and energy storage using batteries. The prime consideration is to maximize the ecological operational…
ILS & Danaos Collaborate on Network Shipping Management Services
Inventory Locator Service sign MOU with Danaos Management Consultants to develop cloud-based procurement & management services. Together the companies will develop a platform called MarineHubsm, a network of companies in the marine industry that will facilitate planned maintenance and procurement of spares for ship owners, managers and suppliers worldwide using cloud technology. George Zdravecky, ILS vice president of Supply Chain Solutions, recently spoke about the benefits of creating such a network at the International Marine Purchasing Association (IMPA) conference in London. "Creating an environment that connects the content, systems, people and processes will benefit all companies in the marine industry,” said Zdravecky.
Hyundai Heavy, Baoshan Sign MoU
Hyundai Heavy Industries Co., Ltd. disclosed that it had signed a Memorandum of Understanding with Baoshan Iron & Steel Co., Ltd. to import wide and heavy plates for shipbuilding. Hyundai Heavy Industries plans to import 180,000 tons of steel plates from Baosteel yearly. Both declined to disclose the price of the deal to keep trade secret. Hyundai Heavy Industries said that the price was lower than that offered by Japanese steelmarkers and a South Korean report said that South Korea would gradually enlarge imports of China- made steel plates for shipbuilding. South Korean shipbuilders mainly bought wide and heavy plates from Japan besides the local supply. But the two sides have had different opinions on pricing since the second half of 2005.
Navy Signs MOU To Transfer Ship Construction
The Navy announced today that it is signing a Memorandum Of Understanding (MOU) with General Dynamics (GD), and Northrop Grumman Ship Systems (NGSS) to transfer ship construction between the two corporations' shipyards. construction of four additional DDG 51-Class destroyers at Bath Iron Works. Under this plan, DDG 102, which was to have been built at Ingalls, will be transferred to Bath Iron Works. 19, in the initial stages of construction at Bath Iron Works, will be transferred to Northrop Grumman. As a result of this agreement, the Navy is expected to realize significant net cost savings on these programs. NGSS and improved workload stability at General Dynamics Bath Iron Works, which will build additional DDG's in its new, more efficient, land-level facility.
GE Oil & Gas, Rosneft, to Pursue Russian Energy Opportunities
Under the terms of the MOU, GE and Rosneft will form a joint working group to identify the range of potential opportunities for short and long–term opportunities, including equipment for Arctic offshore field development, gas monetization technologies and enhanced oil recovery and difficult reserve development. The MOU was signed by John Krenicki, GE vice chairman and president and CEO of GE Energy; and Igor Sechin, president of Rosneft. The agreement calls for a strategic, cooperative relationship that would (1) leverage GE Oil & Gas technologies to help Rosneft improve efficiency and yields in its oil and gas exploration and recovery operations, and (2) explore opportunities to jointly develop, manufacture and sell equipment for use in Russia’s oil and gas industry.
HHI Inks Local Equipment MOU
Korean shipbuilder Hyundai Heavy Industries (HHI) announced today it has signed a “Memorandum of Understanding (MOU) for the Establishment of Industrial Cluster for Localizing Marine Equipment Between Marine Equipment Manufacturing and Supply Companies” at Hotel Hyundai Ulsan. Under the MOU, HHI will join forces with KOMERI, a domestic marine equipment research institute and 25 local marine equipment manufacturers to cooperate in the field of research and planning, product development, verification test, certification and engineer exchanges. Starting with the goal of localizing 18 marine equipment including pressure sensors for marine engines and gas injection valves, the three parties plan to increase production of the equipment that they can produce independently.
ConocoPhillips, Qatar Petroleum Sign MOU
ConocoPhillips and Qatar Petroleum International (QPI) announced that the two companies have signed a Memorandum of Understanding (MOU) to pursue and develop international energy projects outside of Qatar. The MOU was signed on behalf of QPI by His Excellency Abdullah bin Hamad Al-Attiyah, Deputy Prime Minister and Minister of Energy and Industry of Qatar, and by James J. Mulva, ConocoPhillips chairman and chief executive officer. Senior officials from both parties also attended the event, including Nasser Al-Jaidah, QPI chief executive officer, and William Bullock Jr., ConocoPhillips president, Middle East and North Africa. "Today's signing marks another milestone in Qatar Petroleum's realizing our ambition of becoming a leading global energy company…
CPA Signs MOU with Nederex and Damen
Curacao Ports Authority NV (CPA) signed a Memorandum of Understanding with Nederex BV. (Nederex) and B.V. Damen Shipyards Gorinchem (Damen) on April 30. Damen Shipyards and Nederex are engaged in ship repair and the provision of maritime services. Last year CPA and Nederex signed a concession agreement with regard to the activities of Nederex within the St. Anna Bay, from an area which is managed by CPA. "This cooperation is an important step in the right direction," said Humberto de Castro, CPA's CEO.
13 NATO Nations Sign MoU in Norfolk
Thirteen NATO nations signed a Memorandum of Understanding (MoU), paving the way for the creation of the Combined Joint Operations From the Sea (CJOS) Center of Excellence (CoE) at Allied Command Transformation (ACT) headquarters in Norfolk, Va., May 31. Allied Command Transformation is one of NATO’s two strategic-level headquarters and is NATO’s forcing agent for change, leading the continuous improvement of Alliance capabilities to uphold NATO’s global security interests. The CoE falls in line with ACT’s mission to transform NATO’s military capabilities, making allied maritime forces faster and more precise in their operations. Commander, U.S. 2nd Fleet Vice Adm. Mark P.
ABS Signs MOU With Gosgortechnadzor of the Azerbaijan Republic
and gas operations. relevant Rules and Guides of ABS. Azeri Technical Safety Law. on a major offshore project in Azerbaijan. Officer, ABS Europe. oil and gas industry in the Azerbaijan Republic. similar to the NPD in Norway, HSE in UK and MMS in the US. offshore operations concerns in the Azeri sector of the Caspian. of ABS Rules and Guides or other internationally recognized standards. established. between ABS and GGTN of the Azerbaijan Republic. drilling rig located in the Caspian Sea. setting standards,” says Lino Costa.
VT Shipbuilding, Merwede Sign MOU
The UK’s VT Shipbuilding and the Netherland’s Merwede Shipyard signed a Memorandum of Understanding (MOU) to work together on naval warship procurement programs outside the UK. The agreement will see the pair combine their expertise in design and manufacturing to address programs around the world. VT Shipbuilding, part of the support services and shipbuilding company VT Group, is one of the world’s premier builders of naval vessels. The Group’s advanced facilities at Portsmouth Naval Base are currently constructing sections of the Royal Navy’s Type 45 destroyer and an Offshore Patrol Vessel (Helicopter), also for the RN. Merwede, an experienced builder of complex commercial vessels and fleet auxiliaries…