A total of 1,000 berths are set to be featured within Dubai Maritime City, adding a significant number to the much-needed space required for leisure boats and craft that are expected to enter the market over the next few years. Officials within DMC estimate that around 30,000 to 50,000 new boats poised to be berthed at Dubai in the next five years. The initial 44 berths will be used by Dubai Maritime City to test the impact of water movement around the City and the stability of boats within its marina. It will also house a number of vessels owned and operated by Dubai Maritime City Authority, which is responsible for the regulation of the maritime industry within the Emirate of Dubai. On completion, the 227-hectare maritime complex will feature six: harbour offices, harbour residences, maritime centre, marina district, industrial precinct and Dubai Maritime City campus, each designed to provide infrastructure facilities to different maritime industry players.
Friday, March 6, 2009
Phase One of Dubai Maritime City Marina completed
The world’s first purpose-built maritime centre, Dubai Maritime City has completed phase one of its marina comprising 44 berths.
A total of 1,000 berths are set to be featured within Dubai Maritime City, adding a significant number to the much-needed space required for leisure boats and craft that are expected to enter the market over the next few years. Officials within DMC estimate that around 30,000 to 50,000 new boats poised to be berthed at Dubai in the next five years. The initial 44 berths will be used by Dubai Maritime City to test the impact of water movement around the City and the stability of boats within its marina. It will also house a number of vessels owned and operated by Dubai Maritime City Authority, which is responsible for the regulation of the maritime industry within the Emirate of Dubai. On completion, the 227-hectare maritime complex will feature six: harbour offices, harbour residences, maritime centre, marina district, industrial precinct and Dubai Maritime City campus, each designed to provide infrastructure facilities to different maritime industry players.Read More
A total of 1,000 berths are set to be featured within Dubai Maritime City, adding a significant number to the much-needed space required for leisure boats and craft that are expected to enter the market over the next few years. Officials within DMC estimate that around 30,000 to 50,000 new boats poised to be berthed at Dubai in the next five years. The initial 44 berths will be used by Dubai Maritime City to test the impact of water movement around the City and the stability of boats within its marina. It will also house a number of vessels owned and operated by Dubai Maritime City Authority, which is responsible for the regulation of the maritime industry within the Emirate of Dubai. On completion, the 227-hectare maritime complex will feature six: harbour offices, harbour residences, maritime centre, marina district, industrial precinct and Dubai Maritime City campus, each designed to provide infrastructure facilities to different maritime industry players.
Dalian port to acquire Jinzhou Port
Beijing: Dalian Port has announced its intention to purchase its neighboring port, Jinzhou Port, for an undisclosed amount this year quotes Xia Deren, the mayor of the northern city of Dalian.
"We are ready to take control of Jinzhou Port this year," Xia said. "We have the plan and are in negotiations." Last year, Jinzhou Port said Dalian Port would buy an 18.9 percent stake in it for about 1.91bn yuan ($278m) to become its second-biggest shareholder and a strategic partner. Xia also said Dalian Port's February container throughput fell 10% from a year earlier, its largest drop. "It is the worst month for the port in history," Xia said. This year will be another tough year for the port, as the gloomy world economy is expected to further damp cross border trade, said Xia, adding that he was hoping to see some recovering signs in the second half of the year. Dalian port, which operates China's second-largest oil port, said in January total container throughput at its terminals rose 28.3% year-on-year to 5.452m teu in 2008.Read More
"We are ready to take control of Jinzhou Port this year," Xia said. "We have the plan and are in negotiations." Last year, Jinzhou Port said Dalian Port would buy an 18.9 percent stake in it for about 1.91bn yuan ($278m) to become its second-biggest shareholder and a strategic partner. Xia also said Dalian Port's February container throughput fell 10% from a year earlier, its largest drop. "It is the worst month for the port in history," Xia said. This year will be another tough year for the port, as the gloomy world economy is expected to further damp cross border trade, said Xia, adding that he was hoping to see some recovering signs in the second half of the year. Dalian port, which operates China's second-largest oil port, said in January total container throughput at its terminals rose 28.3% year-on-year to 5.452m teu in 2008.
CNOOC plans $44bn investment
China offshore oil specialist CNOOC said it will invest more than 300 billion yuan ($43.86 billion) in China's southern Guangdong province in the next five years.
CNOOC chairman Fu Chengyu said the investment would go mainly towards South China Sea exploration, Huizhou petrochemical projects and a natural gas pipeline, the state-run China Daily reported. The paper did not say if it was the state-owned parent company or the listed subsidiary CNOOC Ltd that would make the investment. But the size of the investment is bigger than the entire market value of CNOOC Ltd, which has a market capitalisation of about $36.5 billion. CNOOC said last year it would step up deep-water exploration in the South China Sea from 2009 and to invest 200 billion yuan ($29.24 billion) until the end of the next decade. Fu also said Guangdong was a key base for CNOOC's future development.Read More
CNOOC chairman Fu Chengyu said the investment would go mainly towards South China Sea exploration, Huizhou petrochemical projects and a natural gas pipeline, the state-run China Daily reported. The paper did not say if it was the state-owned parent company or the listed subsidiary CNOOC Ltd that would make the investment. But the size of the investment is bigger than the entire market value of CNOOC Ltd, which has a market capitalisation of about $36.5 billion. CNOOC said last year it would step up deep-water exploration in the South China Sea from 2009 and to invest 200 billion yuan ($29.24 billion) until the end of the next decade. Fu also said Guangdong was a key base for CNOOC's future development.
Det norske heads north with Repsol
Trondheim, Norway: Det norse oljeselskap has entered into a letter of intent with Spanish company Repsol YPF SA.
As part of the agreement, Repsol will help finance work in licenses that the two companies have applied for in the 20th licensing round in the Barents Sea. The agreement also includes a comprehensive cooperation on exploration in the Norwegian Sea and the Barents Sea. Repsol will be an active partner for Det norske in the area. Det norske CEO Erik Haugane commented, "This agreement will provide us with more clout to carry out our plans in the far north. It is an important step to strengthen our position as the "number two" company on the Norwegian shelf, and it is part of the strategy that the board of directors has set out for the company. Agreements that we enter into with the industry, educational institutions and the science community will also strengthen the industry in the north and help it exploit the opportunities that the oil industry provides." Det norske's currrent activities are on the Norwegian Continental Shelf. The company sold its interest in the Goliat field in the Barents Sea last year.Read More
As part of the agreement, Repsol will help finance work in licenses that the two companies have applied for in the 20th licensing round in the Barents Sea. The agreement also includes a comprehensive cooperation on exploration in the Norwegian Sea and the Barents Sea. Repsol will be an active partner for Det norske in the area. Det norske CEO Erik Haugane commented, "This agreement will provide us with more clout to carry out our plans in the far north. It is an important step to strengthen our position as the "number two" company on the Norwegian shelf, and it is part of the strategy that the board of directors has set out for the company. Agreements that we enter into with the industry, educational institutions and the science community will also strengthen the industry in the north and help it exploit the opportunities that the oil industry provides." Det norske's currrent activities are on the Norwegian Continental Shelf. The company sold its interest in the Goliat field in the Barents Sea last year.
Subsea 7 wins two major contracts
Subsea 7, UK has been awarded a US$ 17 million contract from StatoilHydro for engineering and installation of the Snorre B Riser Replacement project in the Norwegian sector of the North Sea.
Snorre is an oil field in the Tampen area in the northern part of the North Sea on the Norwegian Continental shelf. The sea depth in the area is 300-350 metres. Snorre B is located in the northern part of the field and is a semi-submersible integrated drilling, processing and accommodation steel facility. The scope of work involves engineering, subsea preparations and subsea disconnection and recovery of three off damaged flexible risers, the installation of three off new risers on the Snorre B platform and subsea tie-in of the risers to templates C and D. The offshore operations are due to take place in three phases from April to September 2009. The main offshore operations, including riser recovery, installation and tie-in operations will be performed by Subsea 7's specialised flexible pipelay and construction vessel, the ‘Seven Seas’. In other news, Subsea 7 has won another major contract, worth US$200 million from Brazil’s Petrobras.Read More
Snorre is an oil field in the Tampen area in the northern part of the North Sea on the Norwegian Continental shelf. The sea depth in the area is 300-350 metres. Snorre B is located in the northern part of the field and is a semi-submersible integrated drilling, processing and accommodation steel facility. The scope of work involves engineering, subsea preparations and subsea disconnection and recovery of three off damaged flexible risers, the installation of three off new risers on the Snorre B platform and subsea tie-in of the risers to templates C and D. The offshore operations are due to take place in three phases from April to September 2009. The main offshore operations, including riser recovery, installation and tie-in operations will be performed by Subsea 7's specialised flexible pipelay and construction vessel, the ‘Seven Seas’. In other news, Subsea 7 has won another major contract, worth US$200 million from Brazil’s Petrobras.
Subscribe to:
Posts (Atom)
