Seamec Ltd, a subsidiary of Cof lexip Stena Offshore (Mauritius) Ltd., has signed a contract with a Dubai firm, Dulam International, to deploy one of its vessels for twelve months for $16.12 million.
The contract will commence around mid-June 2009.
Apart from the latest order, the company has also bagged a $4.47 million contract for deployment of vessel in Persian Gulf.
The Charter will commence effective from May 16, 2009.
Seamec Ltd. primarily provides support services, including marine, construction, and diving services to offshore oilfields in India and internationally. It operates three vessels: SEAMEC 1, SEAMEC 2, and SEAMEC 3.
Crude futures in U. S. steadied below $46 a barrel, after falling nearly 9 percent a day earlier as worries about the U. S. banking sector hit equity markets. The U. S. dollar rallied on safe-haven bids.
Vienna - Dropping by 1.86 dollars Monday, the price for oil produced by the Organization of the Petroleu
New York - The global economic crisis has scrambled the pecking order among US firms, with Exxon Mobil ousting Wal-Mart as the top revenue-earning company.
U. S. crude oil futures for May delivery edged lower by 18 cents to $50.15. The contract settled 35 cents higher at $50.33 on Friday, buoyed by news of a rebound in U. S. consumer confidence and better-than-expected quarterly earnings Natural Gas prices shot up to $3.729 from $3.599 this sharp rally was attributed to short covering ahead of expiry.
Invensys Process Systems (IPS), a global technology, software and consulting firm, has entered into a five-year contract with Petrobras, to provide comprehensive safety services and solutions.
