The new P-63 Floating Production Storage and Offloading (FPSO) vessel featuring Wärtsilä 50DF dual-fuel engines, the first such ship to utilize gas engines to produce more than 100 MWe of power, has successfully completed all the ...
Tags: FPSO, Wartsila, full load tests, Groundbreaking
The recent news that four foreign manufacturers were penalized for dumping washing machines here, sometimes selling them at 82 percent below market value, is sure to stir up the Made-in-America debate anew. But buying an appliance made in ...
Tags: USA, Appliances, washing machines, dumping, made in US
Despite record low temperatures in China, the country's gas companies say they expect to be able to cope with increased winter gas demand in the coming weeks. Sinopec said Tuesday on its website that it had been implementing several ...
Tags: gas companies, gas, gas demand, PetroChina
Production from wells in Shell's ultra-deepwater Perdido Hub in the US Gulf of Mexico is now reaching over 115,000 b/d of oil equivalent, nearing total capacity, Shell Oil President Marvin Odum said Wednesday. "The project is doing ...
Tags: oil equivalent, oil, natural gas, gas
It’s reported that Vallourec, France-based global manufacturer of pipes and tubes has signed a new OCTG contract of 5 years with Brazilian national oil company Petrobras in order to meet and supply tubular products for the oil & gas ...
Tags: France, pipes, tubes, OCTG contract, Vallourec, Petrobras
HandyTube broadens global reach at new Korean exhibition Friday,Jan 11,2013 Company's presence at inaugural Offshore Korea show underscores HandyTube's commitment to the international market HandyTube Corporation continues to solidify ...
Tags: HandyTube, Korean exhibition, seamless, stainless steel, shipyards
The Australian dollar is close to 106 US cents after touching a near four-month high in offshore trading on the back of a stronger gold price, a rally on equity markets and positive comments from the European Central Bank (ECB). At 7am ...
Tags: Dollar, stocks, gold rally, US cents, gold price
A big jump in China's trade surplus buoyed the Australian dollar as dealers bet that the world's second-biggest economy was recovering faster than expected. China's monthly trade surplus widened to $US31.6 billion ($29.9bn) in December, ...
Tags: Dollar, trade surplus, Australian dollar, currency
Spencer Coatings has become the U.K.'s largest independent coatings manufacturer after it acquired Stokes Paints in a deal worth £5million. Employing more than 100 people, the enlarged Spencer Coatings will have a turnover of more ...
Tags: Spencer Coatings, UK, acquire, Stokes Paints
The Commerce, Industry and Textiles Minister Shri Anand Sharma, who is on a two day visit to Mauritius, had a meeting with the Hon. Navinchandra Ramgoolam, the Prime Minister of the Republic of Mauritius today at Port Louis. Shri Sharma ...
Tags: India, Mauritius, Cooperation, Textile Sector
The Australian dollar has continued to rise above 105 US cents in overnight trading. At 6.20am AEDT the Australian dollar was trading at 105.15 US cents, up slightly from yesterday’s local close of 105.08 US cents. During the ...
France-based pipe manufacturer Vallourec has announced that it has renewed its main frame agreement with Brazilian national oil company Petrobras. Accordingly, Vallourec's Brazilian subsidiary V & M do BRASIL and Petrobras have signed a ...
Tags: Petrobras, OCTG, oil company, oil
Woodside Petroleum's Browse LNG project could end up being developed in a lower-cost environment after 2014, now that the joint venture partners are aligned for the first time, analysts at the Hong Kong office of Bernstein Research said in ...
Tags: Woodside Petroleum, Browse LNG project, commercial development
The Australian dollar's moves yesterday reflected the differing pressures on the currency as a major international bank, HSBC, yesterday expressed concern about its long-term strength. The dollar broke through the $US1.05 level in trading ...
Tags: HSBC, dollar, international bank, Australian dollar
CHINA'S currency will continue to rise this year with its internationalisation developing at a rapid pace, HSBC's currency analysts say in a report released yesterday. In its latest worldwide currency outlook, HSBC says it expects to see ...
Tags: Yuan, currency, currency research, exchange rate