MPA and SingTel collaborate to promote maritime research and innovation

Wednesday, Apr 30, 2008

Singapore, 28 April 2008 - The Maritime and Port Authority of Singapore (MPA) and Singapore Telecommunications Limited (SingTel) announced today the signing of a Memorandum of Understanding (MOU) on Maritime Telecommunications Technology Research and Innovation.  The two parties will collaborate to promote maritime technology R&D as part of Singapore’s development as a […]

Austal launches littoral combat ship Independence (LCS-2)

Wednesday, Apr 30, 2008

Austal has successfully launched its landmark 127-metre Littoral Combat Ship ‘Independence’ (LCS 2) in what proved a momentous occasion for the company as it celebrates its 20th year.  

Yukon-Nevada Gold Corp. reports mineralization extended at SSX mine at Jerritt Canyon in Nevada

Wednesday, Apr 30, 2008

Vancouver, Canada - April 28, 2008 - Yukon-Nevada Gold Corp. (Toronto Stock Exchange: YNG; Frankfurt Xetra Exchange: NG6) announces further important results from its exploration drilling in the SSX Mine/Steer Mine area at its wholly owned, gold production Jerritt Canyon property in Nevada, USA. Drilling from surface and underground has continued to […]

Goldman’s Fang makes first private equity investment

Wednesday, Apr 30, 2008

Fang Fenglei, Goldman Sachs Group Inc.’s China partner, is investing $300 million in the owner of a Mongolian iron ore mine together with Temasek Holdings Pte, his first deal since starting a private equity fund last year.

Wärtsilä expands in Madagascar with new operations and maintenance contract

Wednesday, Apr 30, 2008

Wärtsilä Corporation, Trade and Technical Press release, 29 April 2008

BP and Shell’s profits up on record oil prices

Wednesday, Apr 30, 2008

Royal Dutch Shell and BP, Europe’s two largest oil companies, both saw first quarter profits jump thanks to record crude prices and higher natural gas prices.

BG bids US$12.9 billion for Origin Energy

Wednesday, Apr 30, 2008

BRITISH gas giant BG Group has offered to buy Origin Energy in a cash deal that values the Australian company at about $12.9 billion.

Braskem could plan sales of US$500 million of bonds in international markets

Wednesday, Apr 30, 2008

Preliminary talks about Latin Braskem SA planning to sell about US$500 mln of bonds in international markets to stretch out debt payments and help repay a bridge loan, are doing the rounds.

GE announces new state-of-the-art technology center in Saudi Arabia

Wednesday, Apr 30, 2008

GE Energy, a global supplier of power generation and energy delivery technologies, has announced the ground-breaking of a new state-of-the-art service centre in Dammam, developed in association with GE’s joint venture partner Ali A Tamimi & Sons Company. With an investment of SAR280 million (US$75 million), the center will span 125,000 square […]

Daewoo and Galfar win US$442 million Oman port deal

Wednesday, Apr 30, 2008

Oman has awarded Daewoo Shipbuilding (042660.KS: Quote, Profile, Research) and local firm Galfar GECS.OM a construction contract worth 170.2 million rials ($442.2 million) at Duqm port, a Galfar official said on Tuesday.