Thomas Chance founded C & C Technologies in his home in 1992. Today C & C is a global oil field surveying and mapping company with more than 550 employees in ten offices worldwide. C & C was the first company in the world to offer autonomous underwater vehicle (AUV) survey services to the oil industry and remains a world leader in the field.
MODEC Inc. received a letter of intent (LOI) from Petróleo Brasileiro for the supply, charter, and operations of a Floating Production Storage and Offloading (FPSO) vessel for the Búzios field.The firm time charter period of the contract is 21 years, it said in a press release.The new LOI will be the fifth FPSO deployed at the Búzios field
Malaysian national oil company Petroliam Nasional Bhd (Petronas) has acquired a 50% equity stake in Brazil's Tartaruga Verde field following a Sale and Purchase Agreement (SPA)with Brazil’s Petróleo Brasileiro SA (Petrobras).Petronas said in a press release that its subsidiary Petronas Petróleo Brasil Ltd (PPBL) acquired the stake in Tartaruga Verde field (BM-C-36 Concession) and its facilities
Monaco-based dry bulk shipping company Scorpio Bulkers has agreed to sell and leaseback six Ultramax vessels to AVIC International Leasing.The dry bulk operator said in a press note that the six vessels are SBI Antares, SBI Bravo, SBI Hydra, SBI Leo, SBI Lyra and SBI Maia.Upon completion, which is estimated to take place in the second quarter of 2019
SCHOTTEL has signed a contract with Damen Shipyards to equip the first fully-electric vessels to operate in Canada.The new Amherst Island and Wolfe Island ferries will be propelled by four SCHOTTEL Twin Propellers STP 260 FP, each with an input power of up to 550 kW. The main propulsion is provided by batteries with a diesel engine as backup to ensure mobility.
Connecticut-headquartered Diamond S Shipping Group Inc. (DSG) announced that it has agreed to sell two of its 2008-built medium-range product carriers as part of its fleet renewal initiatives.The vessels - the Atlantic Aquarius and Atlantic Leo - are expected to be delivered in the third quarter or early the following quarter, said the owners and operators of crude and product tankers
Norwegian multinational energy company Equinor ASA and Argentine power producer YPF Luz have joined for the development of the Cañadón León wind farm in Santa Cruz in Argentina.As per agreement, a subsidiary of Equinor will subscribe to shares in Luz del León. The shareholders of YPF Luz are YPF S.A and an affiliate of General Electric.
Bermuda-based marine services company Teekay Offshore Partners announced that certain of its subsidiaries have entered into a settlement agreement with Petrobras with respect to various disputes relating to the previously-terminated charter contracts of the HiLoad DP unit and Arendal Spirit unit for maintenance and safety (UMS).
The Panama Canal and UN Environment signed a cooperation agreement today to join efforts on sustainable development and combatting climate change.Signed by the Administrator of the Panama Canal Jorge L. Quijano and the Regional of UN Environment in Latin America and the Caribbean Leo Heileman, the agreement includes the exchange of experiences and knowledge
Brazilian state-run oil firm Petroleo Brasileiro SA (Petrobras) has concluded the sale of gas pipeline system Transportadora Associada de Gás S.A. (TAG) to a group led by France'sEngie SA and Canada'sCaisse De Depot Et Placement Du Quebec (CDPQ).According to a stock exchange annoucement, Petrobras received a total of 33.5 billion reais ($8.
The global leader of mobile satellite communication antenna systems Intellian is introducing the new 1.5m Ku to Ka convertible VSAT terminal, enabling high-speed broadband at sea and network gateways.The world’s first and only 1.5m Ku to Ka convertible VSAT, v150NX, is a future-proof system supporting 2.
The Satellite Industry Association (SIA) announced that Globalstar is the latest company to join SIA. Globalstar operates a low-earth-orbit (LEO) constellation of satellites and provides mobile satellite voice and data products and service packages to government, industry and consumer customers around the world.