Emerson, Qatargas Sign Comprehensive 5-Year Support And Service Agreement For Expanding LNG Production

Emerson Process Management, a business of Emerson, has entered into a long-term support and service agreement with Qatargas Operating Company Ltd. for its expanding liquefied natural gas (LNG) operations. Under the five-year agreement, Emerson will provide asset management services, advanced skills training, and a comprehensive parts management program. Emerson also has established a dedicated team of experienced engineers who are residents in Qatar... Read more..

AECOM wins $149-million port project in Doha, Qatar

AECOM Technology Corporation, a leading provider of professional technical and management support services for government and commercial clients around the world, announced today that it has been awarded a six-year, $149.3 million contract to provide program management services to the New Doha Port project in Qatar. Undertaken by the Government of Qatar, the US$7-billion construction value port project is currently the world’s largest “greenfield”... Read more..

Platts Survey: October OPEC Oil Output Dropped to 32.26 Mil. Barrels Per Day

The 13 members of the Organization of the Petroleum Exporting Countries (OPEC) pumped an average 32.26 million barrels per day (b/d) of crude oil in October, according to a Platts survey of OPEC and oil industry officials just released. This is a 210,000 b/d decline from the September level of 32.47 million b/d. Excluding Iraq, production from the 12 members hitherto bound by output agreements fell by 220,000 b/d, to 29.96 million b/d from 30.18 million... Read more..

Overseas Shipholding Group Announces New $500 Million Credit Facility for FSO Project

Overseas Shipholding Group, Inc. (NYSE: OSG), a market leader providing global energy transportation services, together with Euronav NV (EURONEXT BRUSSELS: EURN) announced today a $500 million senior secured term loan to finance the acquisition of TI Asia and TI Africa by joint venture companies owned equally by Euronav and OSG and the conversion of the ships into FSO (Floating Storage Offloading) service vessels. The vessels are scheduled to deliver... Read more..

Quantum’s Affiliate, Fisker Automotive, Raises $65 Million Privately

Quantum Fuel Systems Technologies Worldwide, Inc., a leader in the development and production of advanced propulsion systems, energy storage technologies, and alternative fuel vehicles, today announced that its affiliate, Fisker Automotive, Inc., a “green” American premium sports car company, has completed its Series C financing round. The funding was completed on September 4, 2008 with a total investment of $65 million. The round was... Read more..