Cash-rich dry bulk owner also orders two newcastlemaxes in China
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Maersk seeks to double shipping rates in fragile market – FreshPlaza
FreshPlaza The Danish group, whose Maersk Line vessels make up around 15 percent of world container shipping capacity, said its container shipping unit swung back to a $204 million profit in the quarter from a $599 million loss a year earlier, beating forecasts. ASIA: Maersk warns rivals on market shareLloyd’s List Daily Commercial News Maersk Swings to First-Quarter Profit | Transport Topics Online | Trucking …Transport Topics Online $204m profit for Maersk LineIrish Trucker Magazine Ship & Bunker -Transport Intelligence all 6 news articles » |
Tuesday, May 21, 2013
Chiyoda Corporation (“Chiyoda”) (TSE: 6366;ISIN: JP3528600004), Japan’s leading engineering and construction firm, announces that its subsidiary in Qatar, Chiyoda Almana Engineering LLC (“Chiyoda Almana*1”), has been awarded a FRONT END ENGINEERING DESIGN (FEED) and ENGINEERING, PROCUREMENT AND CONSTRUCTION MANAGEMENT (EPCM) for brown field projects designed to deliver asset integrity, growth and development at Pearl GTL, the world’s largest gas-to-liquids plant*2, by Qatar Shell GTL Ltd (“Qatar Shell”). Qatar Shell’s press release of May 12, 2013 is enclosed for your reference, which includes a statement from Mr. Wael Sawan, Managing Director and Chairman, Qatar Shell Companies.
Chiyoda has been continuously involved in numerous projects in Qatar including all 14 LNG trains, out of which Chiyoda executed the EPC work for 12 trains including the six world’s largest ones (7.8 million tons/year each). Chiyoda Almana currentlyhas more than 500 experienced employees and has consistently provided “Project Lifecycle Engineering *3” for Qatari clients. This award follows long term service contracts previously awarded by RasGas, Qatargas and other companies.
Through this contract, which is in line with Qatar Shell’s commitment to support the social and economic pillars of the Qatar national vision 2030, Chiyoda group is aiming to contribute further to Qatari sustainable development.Chiyoda group, through its global operation network, intends to roll out its “Project Lifecycle Engineering” services in other countries including the Middle East and elsewhere while strengthening its regional business development.
Source: Chiyoda Corporation
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Tuesday, May 21, 2013
Chiyoda Corporation (“Chiyoda”) (TSE: 6366;ISIN: JP3528600004), Japan’s leading engineering and construction firm, announces that its subsidiary in Qatar, Chiyoda Almana Engineering LLC (“Chiyoda Almana*1”), has been awarded a FRONT END ENGINEERING DESIGN (FEED) and ENGINEERING, PROCUREMENT AND CONSTRUCTION MANAGEMENT (EPCM) for brown field projects designed to deliver asset integrity, growth and development at Pearl GTL, the world’s largest gas-to-liquids plant*2, by Qatar Shell GTL Ltd (“Qatar Shell”). Qatar Shell’s press release of May 12, 2013 is enclosed for your reference, which includes a statement from Mr. Wael Sawan, Managing Director and Chairman, Qatar Shell Companies.
Chiyoda has been continuously involved in numerous projects in Qatar including all 14 LNG trains, out of which Chiyoda executed the EPC work for 12 trains including the six world’s largest ones (7.8 million tons/year each). Chiyoda Almana currentlyhas more than 500 experienced employees and has consistently provided “Project Lifecycle Engineering *3” for Qatari clients. This award follows long term service contracts previously awarded by RasGas, Qatargas and other companies.
Through this contract, which is in line with Qatar Shell’s commitment to support the social and economic pillars of the Qatar national vision 2030, Chiyoda group is aiming to contribute further to Qatari sustainable development.Chiyoda group, through its global operation network, intends to roll out its “Project Lifecycle Engineering” services in other countries including the Middle East and elsewhere while strengthening its regional business development.
Source: Chiyoda Corporation
To access over 3,500 of the latest oil projects from across the world visit Projects OGP for free trial today
Tuesday, May 21, 2013
THE WOODLANDS, Texas, May 20, 2013 /PRNewswire/ – Newpark Resources, Inc. (NYSE: NR) today announced that it has been awarded and has entered into a contract with the Kuwait Oil Company to provide drilling fluids and related services for land operations. The agreement has an initial term of up to five years, and subject to the customer’s activity levels the Company estimates that revenues of up to $75 million may be generated under the contract. The Company expects that work under the contract will begin in the fourth quarter of 2013.
Bruce Smith, President of Newpark Drilling Fluids, stated, “The Kuwait Oil Company award is another significant milestone in Newpark’s international expansion, reflecting our entry into the strategically important Middle East market, which is a first step in implementing our strategy of growth throughout this region.”
Newpark Resources, Inc. is a worldwide provider of drilling fluids, temporary worksites and access roads for oilfield and other commercial markets, and environmental waste treatment solutions. For more information, visit our website at www.newpark.com.
SOURCE Newpark Resources, Inc.
To access over 3,500 of the latest oil projects from across the world visit Projects OGP for free trial today
Tuesday, May 21, 2013
THE WOODLANDS, Texas, May 20, 2013 /PRNewswire/ – Newpark Resources, Inc. (NYSE: NR) today announced that it has been awarded and has entered into a contract with the Kuwait Oil Company to provide drilling fluids and related services for land operations. The agreement has an initial term of up to five years, and subject to the customer’s activity levels the Company estimates that revenues of up to $75 million may be generated under the contract. The Company expects that work under the contract will begin in the fourth quarter of 2013.
Bruce Smith, President of Newpark Drilling Fluids, stated, “The Kuwait Oil Company award is another significant milestone in Newpark’s international expansion, reflecting our entry into the strategically important Middle East market, which is a first step in implementing our strategy of growth throughout this region.”
Newpark Resources, Inc. is a worldwide provider of drilling fluids, temporary worksites and access roads for oilfield and other commercial markets, and environmental waste treatment solutions. For more information, visit our website at www.newpark.com.
SOURCE Newpark Resources, Inc.
To access over 3,500 of the latest oil projects from across the world visit Projects OGP for free trial today
Tuesday, May 21, 2013
Zinfra is pleased to announce it has entered into an agreement with Bechtel for the design and construction of a 132 kV High Voltage Power Cable System for the Chevron-operated Wheatstone Project in Western Australia.
The subcontract has an estimated value of approximately AU $36Million and is expected to support up to 50 engineering, manufacturing jobs at Zinfra, across Australia and onsite at Ashburton North. Work on the design component began in August 2012 and the subcontract is expected to be completed by January 2016.
The 132 kV High Voltage Power Cable System includes the construction of a highly specialised cable duct bank system using expertise within the fields of engineering, design, construction and commissioning.
Zinfra Managing Director, Tony Beach, said ‘Zinfra is extremely excited to be working on this important and high profile project. Our contribution leverages our vast experience and core capability in design and construction, and draws on our experience in working in remote locations in Australia.’
About Zinfra:
With a strong utility heritage, Zinfra has specialist experience and capability in designing, constructing, operating and maintaining many of Australia’s major electricity, water and gas transmission and distribution assets. Zinfra provides end-to-end engineering and design solutions, encompassing feasibility studies, detailed design, construction, operation, maintenance and de-commissioning. All solutions are delivered with a strong emphasis on safety and using quality systems. This expertise, combined with a competitive business approach provides a point of distinction to Zinfra’s service offering.
Zinfra has a national footprint, employs in excess of 1,500 skilled and passionate people and has solid experience working in remote locations, and managing the various challenges associated with these environments. www.zinfragroup.com.au.
About the Wheatstone Project:
The Chevron-operated Wheatstone Project is one of Australia’s largest resource projects. Located at Ashburton North, 12 kilometres west of Onslow in Western Australia, the project will consist of two LNG trains with a combined capacity of 8.9 million tonnes per annum and a domestic gas plant. The Wheatstone Project is a joint venture between Australian subsidiaries of Chevron, Apache Corporation, Kuwait Foreign Petroleum Exploration Company (KUFPEC), Shell and Kyushu Electric Power Company (Kyushu) together with PE Wheatstone Pty Ltd (part owned by TEPCO).
About Chevron Australia:
Chevron is one of the world’s leading integrated energy companies and through its Australian subsidiaries, has been present in Australia for more than 60 years. With the ingenuity and commitment of more than 3,000 people, Chevron Australia leads the development of the Gorgon and Wheatstone natural gas projects; manages its equal one-sixth interest in the North West Shelf Venture; and operates Australia’s largest onshore oilfield on Barrow Island and the Thevenard Island oilfields. Chevron is also a significant investor in exploration offshore northwest Australia and its Perth-based Global Technology Centre provides technology support and solutions to the company’s operations in Australia and around the world. www.chevronaustralia.com.
About Bechtel:
Bechtel is among the most respected engineering, project management, and construction companies in the world. We stand apart for our ability to get the job done right—no matter how big, how complex, or how remote. Bechtel operates through five global business units that specialize in civil infrastructure; power generation, communications, and transmission; mining and metals; oil, gas, and chemicals; and government services. Since its founding in 1898, Bechtel has worked on more than 22,000 projects in 140 countries on all seven continents. Today, Bechtel’s 53,000 employees team with customers, partners, and suppliers on diverse projects in nearly 50 countries. For more information about Bechtel visit www.bechtel.com.
Source: Zinfra Group
To access over 3,500 of the latest oil projects from across the world visit Projects OGP for free trial today