Joint venture partners Eastern Star Gas and Gastar Exploration have agreed with Australia gas transport giant APA to explore arrangements to bring coalbed methane from the Narrabri project in northern New South Wales.
APA said that it would investigate a plan to tap the proposed pilot production project at Narrabri for delivery to its major markets in New South Wales, Victoria and the Australian Capital Territory. The company said it would initially tie production in to its existing New South Wales transport infrastructure and would expand capacity and build new laterals to supply new regions as output from the projects increased. “This is the first step in a relationship that has significant growth potential, as the Narrabri Coal Seam Gas Project aims to become a major supplier of gas to meet New South Wales’ requirement,” said APA managing director Mick McCormack.
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Tuesday, July 22, 2008
Egyptian Drilling Company to build new jack-up rig at PPL Shipyard
PPL Shipyard, Singapore, has secured a contract from repeat customer, Egyptian Drilling Company to build a jack-up rig at a contract value of US$220 million.
Scheduled for delivery in mid-2010, this latest jack-up rig order is the second consecutive newbuild jack-up rig that EDC has placed with PPL Shipyard. It will be built based on the same PPL Shipyard’s proprietary Baker Marine Pacific Class 375 (BMC Pacific 375) Deep Drilling design and proprietary components. The rig will be equipped to drill high pressure and high temperature wells at 9,140 metres whilst operating in 115 metres of water. It will have accommodation with full catering and amenities for 120 persons. The first rig, currently under construction in PPL Shipyard is scheduled to be delivered to owner in December 2009.
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Scheduled for delivery in mid-2010, this latest jack-up rig order is the second consecutive newbuild jack-up rig that EDC has placed with PPL Shipyard. It will be built based on the same PPL Shipyard’s proprietary Baker Marine Pacific Class 375 (BMC Pacific 375) Deep Drilling design and proprietary components. The rig will be equipped to drill high pressure and high temperature wells at 9,140 metres whilst operating in 115 metres of water. It will have accommodation with full catering and amenities for 120 persons. The first rig, currently under construction in PPL Shipyard is scheduled to be delivered to owner in December 2009.
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Singapore Clinches Three Awards at the TravelWeekly (Asia) Industry Awards 2008
The Singapore Tourism Board was conferred three awards at the TravelWeekly (Asia) Industry Awards 2008 ceremony held at Bar None, Marriott Hotel Singapore, last Thursday evening (17 July).
Pitted against the best of the best from around the region, the STB emerged triumphant in the Best National Tourism Organisation category. Singapore also picked up the top honours in the Best Business & MICE Destination and Best Medical/Wellness Destination categories. Celebrating exemplary achievements in the tourism industry, the TravelWeekly Awards was established to recognise the finest of Asia’s tourism industry players. The winners were chosen by the public through an online voting process which attracted an unprecedented number of votes this year. At the awards ceremony, Singapore was also recognised as the Best Business & MICE Destination for catalysing business success for business event organisers and business travellers. Recent key milestones in the Singapore MICE industry include the hosting of the largest corporate meeting, the 2007 Herbalife Asia Pacific Extravaganza in July 2007, which drew 16,000 Herbalife delegates from 14 countries in the Asia Pacific region, and the successful inaugural staging of Singapore Airshow, Asia’s largest aerospace and defence event. These high-profile international events draw a robust stream of business visitors who converge in Singapore to network, exchange ideas and explore new business opportunities.
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Pitted against the best of the best from around the region, the STB emerged triumphant in the Best National Tourism Organisation category. Singapore also picked up the top honours in the Best Business & MICE Destination and Best Medical/Wellness Destination categories. Celebrating exemplary achievements in the tourism industry, the TravelWeekly Awards was established to recognise the finest of Asia’s tourism industry players. The winners were chosen by the public through an online voting process which attracted an unprecedented number of votes this year. At the awards ceremony, Singapore was also recognised as the Best Business & MICE Destination for catalysing business success for business event organisers and business travellers. Recent key milestones in the Singapore MICE industry include the hosting of the largest corporate meeting, the 2007 Herbalife Asia Pacific Extravaganza in July 2007, which drew 16,000 Herbalife delegates from 14 countries in the Asia Pacific region, and the successful inaugural staging of Singapore Airshow, Asia’s largest aerospace and defence event. These high-profile international events draw a robust stream of business visitors who converge in Singapore to network, exchange ideas and explore new business opportunities.
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Former marine minister arrested on graft charges
South Korean prosecutors have arrested a former maritime minister.
Kang Moo-Hyun stands accused of taking KRW 90m ($90,000) in bribes from six or seven owners. In exchange he offered more relaxed regulations. Between 2004 and 2008 Kang served as a deputy maritime minister and then minister under the Roh Moo-Hyun presidency. He is the first minister from the Roh government to be arrested on graft charges. Roh's five-year term ended in February.
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Kang Moo-Hyun stands accused of taking KRW 90m ($90,000) in bribes from six or seven owners. In exchange he offered more relaxed regulations. Between 2004 and 2008 Kang served as a deputy maritime minister and then minister under the Roh Moo-Hyun presidency. He is the first minister from the Roh government to be arrested on graft charges. Roh's five-year term ended in February.
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Rickmers-Linie continues its fleet expansion
Germany-based Rickmers-Linie has increased the number of multi-purpose heavylift newbuildings from ten to 14 for its expanding liner service network.
The latest quartet has been ordered from Wuhu Xinlian Shipbuilding by Polaris Shipmanagement, a Rickmers Group company, and will be taken on long-term charter by Rickmers-Linie. The first vessel is scheduled for delivery in December 2010 and all four should be in service by September 2011. The contract also includes an option for four additional vessels to be delivered in 2012. "Since we launched our Round-the-World Pearl String service in 2003, demand for our scheduled liner services has grown rapidly, especially between Europe, India and the Middle East, Asia and North America" said Jan Boje Steffens, President & CEO of Rickmers-Linie. The newbuildings have been purpose-designed for the carriage of breakbulk, heavylift and project cargo. With a deadweight of 24,000 tonnes, an overall length of 175 metres and a beam of 26.5 metres, they will be fitted with variable height tweendecks for maximum cargo flexibility. The vessels will be equipped with three cranes, one capable of lifting 100 tonnes and two 350 tonne units that can be combined to handle loads of up to 700 tonnes. Service speed of the vessels will be up to 18 knots. Electronic control of the main engine reflects the latest in technological development for the reduction of bunker consumption and carbon dioxide emissions.
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The latest quartet has been ordered from Wuhu Xinlian Shipbuilding by Polaris Shipmanagement, a Rickmers Group company, and will be taken on long-term charter by Rickmers-Linie. The first vessel is scheduled for delivery in December 2010 and all four should be in service by September 2011. The contract also includes an option for four additional vessels to be delivered in 2012. "Since we launched our Round-the-World Pearl String service in 2003, demand for our scheduled liner services has grown rapidly, especially between Europe, India and the Middle East, Asia and North America" said Jan Boje Steffens, President & CEO of Rickmers-Linie. The newbuildings have been purpose-designed for the carriage of breakbulk, heavylift and project cargo. With a deadweight of 24,000 tonnes, an overall length of 175 metres and a beam of 26.5 metres, they will be fitted with variable height tweendecks for maximum cargo flexibility. The vessels will be equipped with three cranes, one capable of lifting 100 tonnes and two 350 tonne units that can be combined to handle loads of up to 700 tonnes. Service speed of the vessels will be up to 18 knots. Electronic control of the main engine reflects the latest in technological development for the reduction of bunker consumption and carbon dioxide emissions.
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Second Vietnamese box terminal for APM Terminals
APM Terminals and Pharung Shipyard Company, part of the Vietnam's Vinashin, have signed a joint venture to build and operate a new container terminal in the Dinh Vu Industrial Zone.
Construction of the new facility, which will serve the capital Hanoi and the country's Red River Delta region is due to start later this year. It is APM Terminals’ second container development in Vietnam and is expected to open for business in late 2010. Construction of the Cai Mep International Terminal (CMIT) in Ba Ria-Vung Tau Province in the south of the country, a joint venture with Saigon Port and Vinalines, began in May. That terminal is also scheduled to start operations in late 2010. APM Terminals becomes just the second foreign operator to move into northern Vietnam after SSA of the US, which has a concession in Cai Lan. The move by APM Terminals comes against a darkening economic backdrop in Vietnam, however. The country's stellar performance over recent years in which GDP has climbed by more than 7% annually, has given way to soaring inflation, a run on the dong and a growing trade deficit. The Government has now adopted a tighter fiscal policy in the hopes of reining in inflation.
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Construction of the new facility, which will serve the capital Hanoi and the country's Red River Delta region is due to start later this year. It is APM Terminals’ second container development in Vietnam and is expected to open for business in late 2010. Construction of the Cai Mep International Terminal (CMIT) in Ba Ria-Vung Tau Province in the south of the country, a joint venture with Saigon Port and Vinalines, began in May. That terminal is also scheduled to start operations in late 2010. APM Terminals becomes just the second foreign operator to move into northern Vietnam after SSA of the US, which has a concession in Cai Lan. The move by APM Terminals comes against a darkening economic backdrop in Vietnam, however. The country's stellar performance over recent years in which GDP has climbed by more than 7% annually, has given way to soaring inflation, a run on the dong and a growing trade deficit. The Government has now adopted a tighter fiscal policy in the hopes of reining in inflation.
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