Peru and Chile Agree on Process for Measuring Their Military Expenditures

first_imgBy Dialogo August 18, 2010 The defense ministers of Chile, Jaime Ravinet, and Peru, Rafael Rey, agreed Monday to establish a process for measuring the military expenditures of their countries, which are pursuing litigation over their maritime border in the International Court of Justice in The Hague. Both ministers signed two memoranda of understanding during an official visit to Lima by Ravinet, who met with Peruvian president Alan García in the Palace of Government in Lima. “The aim is to strengthen ties between the two countries, and we have made and ratified agreements that can make it possible to continue promoting mutual understanding and trust, as well as regional peace and security,” the Peruvian minister said. Ravinet affirmed that he was pleased with the agreements and emphasized that his country “wants to live in peace” and demonstrates “maximum transparency” in its military expenditures. “Chile and Peru should be capable of constructing a vision that can create brotherhood between our peoples and that can look to the future,” he said. In the memoranda that were signed, “the establishment of a procedure for starting the process of determining equivalencies for the measurement of defense expenditures” was approved, Rey said. As part of this process, Ravinet said at a press conference that his country is in the process of renovating both its mid-range and short-range air-defense systems. For his part, the Peruvian minister announced that Peru also has a public-investment project to acquire an anti-aircraft defense system.last_img read more

TechnipFMC extends Solstad Farstad deal

first_imgShipping company Solstad Farstad and oilfield services provider TechnipFMC have extended the frame agreement covering the provision of vessels for ploughing and trenching operations.Solstad Farstad said on Monday that the contract with Technip FMC was extended for one year.The frame agreement is now valid until December 31, 2019.Hans Knut Skår, EVP of Subsea Constructions & Renewables of Solstad Farstad, said: “We have been working closely with TechnipFMC since 1997 and are excited that they once again have trusted us to continue the delivery of high powered vessels to support their ploughing and trenching operations.”The initial deal for the supply of vessels for trenching, construction, and subsea services was signed between Solstad Offshore and Technip in 2016, prior to mergers of Solstad Offshore, Farstad Shipping, Deep Sea Supply, and REM Offshore as well as Technip with FMC Technologies and respective name changes.The frame agreement was valid for 2016 – 2018 and through the agreement Technip could utilize Solstad Offshore’s two construction support vessels (CSVs), Normand Progress and Normand Pioneer, and two anchor handling tug and supply vessels (AHTS) Normand Ranger and Normand Mariner.Under the agreement, Solstad Offshore was Technip’s supplier of tonnage for trenching and subsea construction work.Offshore Energy Today Stafflast_img read more