Daimler AG and Rolls-Royce Group plc have Friday verbally confirmed to the executive board of Tognum AG that they may be prepared to amend the tender offer and raise the offer price by an additional 8.3 percent to EUR 26.00 if this increased offer will be supported. At this point in time, Tognum AG has […]
A fire in a generator knocked out power to a cruise ship sailing off the Mexican coast over the weekend, forcing the evacuation of nearly 750 passengers and crew. The Associated Press reports 522 passengers and 226 crew members aboard the Ocean Star Pacific on Saturday were evacuated by catamaran to the port of Huatulco […]
Dutch based engineering firm KCI has been nominated with its new logistics tool TILT for the IRO Innovation prize. This prestigious prize for offshore innovations will be handed out on 7 April during the IRO innovation seminar which will be held at the Shell Upstream Research & Development Centre in Rijswijk. Together with three other […]
Talisman Energy has received a consent to drill an exploration well in the North Sea. The Petroleum Safety Authority (PSA) Norway has approved Talisman’s latest exploration drilling in the southern North Sea with Transocean Winner. The company will spud exploration well 15/12-23 later this month. The drilling on licence 038D is expected to take 125 […]
Reference is made to the press release of Royal Boskalis Westminster N.V. (Boskalis) of 27 March 2010 whereby Boskalis Holding B.V., a wholly owned subsidiary of Boskalis (the Offeror) announced to declare the public cash offer (the Offer) for all the issued and outstanding ordinary shares (the Shares) of Smit Internationale N.V. (Smit) unconditional (gestanddoening). […]
The shipbuilding industry looks set for a rash of insolvencies as one of the sharpest-ever collapses in order levels combines with banks’ reluctance to finance ship construction to starve many yards of cash. Only 28.8m deadweight tonnes (dwt) of ships were ordered between January and November in 2009, according to London-based Clarkson shipbrokers, against 272m […]
There is a long delay in capital dredging of deep-sea container terminal at the Karachi Port because in one year only 16 per cent dredging had been done against a target of 30 per cent, the KPT insiders told Dawn on Saturday.
PA Resources is farming out a 72.5 percent interest in the exploration licence Marine XIV offshore the Republic of Congo. Under the deal, the Norwegian listed oil and gas group will sell 29.4 percent working interest in Marine XIV to SOCO Exploration and Production Congo (SOCO EPC). It is also selling 21.55 percent to a […]
Mitsui O.S.K. Lines, Ltd. (MOL, President: Akimitsu Ashida) today announced the opening of an office in St. Petersburg, Russia, effective December 1. MOL positions Russia as an important growth market where it anticipates development and expansion of its businesses. It opened offices in Moscow and Vladivostok in June 2005.