[Read more]
Source: The Guardian
Posted on 12/15/2010 / 0
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Dec 15, 2010
WikiLeaks cables: BP suffered blowout on Azerbaijan gas platform
[Read more]
Source: The Guardian
Baltic index down 27 percent since late October
The Baltic Exchange’s main sea freight index .BADI fell for a seventh straight session on Wednesday, as the market remained well supplied and European orders also dropped.
The BADI, which tracks rates to ship dry commodities such as coal, iron ore, cement, grain and fertilizer, fell over a percentage point, or 22 points, to 2,047, its lowest level since Aug. 9.
[Read More]
Source: Reuters
The BADI, which tracks rates to ship dry commodities such as coal, iron ore, cement, grain and fertilizer, fell over a percentage point, or 22 points, to 2,047, its lowest level since Aug. 9.
[Read More]
Source: Reuters
Posted on 12/15/2010 / 0
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Cabot to pay $4.1 mln in Penn. gas contamination
Cabot Oil & Gas agreed to pay residents of the town of Dimock $4.1 million in compensation for contamination of their water wells with natural gas under a deal it made with state regulators.[Read more]
Source: Reuters
Posted on 12/15/2010 / 0
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Ship buying sentiment starts to cool down as holidays approach
With Hellenic ship owners starting to ease off newbuilding orders and focusing more on the secondhand sale & purchase market, shipbrokers’ reports indicate fewer numbers of ships traded across the board, a trend which includes demolition activity as well. According to the latest weekly report from Golden Destiny, during the course the past week, a total of 46 sales were reported in the secondhand and demolition market. As prices are still firm, despite the latest downhill trend of the Baltic Dry Index, ship owners from Hellas appeared less eager to acquire more vessels.
[Read More]
Source: Hellenic Shipping News
[Read More]
Source: Hellenic Shipping News
Posted on 12/15/2010 / 0
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Launching and Name-giving of 'Victor Horta'
[Read More]
Source: Dredging Today
Posted on 12/15/2010 / 0
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Remontowa to build offshore vessels for Lewek
[Read More]
Source: Offshore Shipping Online
Posted on 12/15/2010 / 0
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US government sues BP for costs of oil spill
A legal hammer-blow was delivered to the British oil giant BP yesterday after the US government sued it and several companies over this year's oil spill in the Gulf of Mexico claiming they had violated American environmental laws and must be held liable for all costs.[Read more]
Source: Independent
Posted on 12/15/2010 / 0
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Brazilian FPSO power orders for ABB
The orders, all booked in the third quarter of 2010, are for a number of vessels which will be operated by several oil and gas producers, with Petrobras as the end customer.
[Read more]
Source: The Motorship
Posted on 12/15/2010 / 0
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Remontowa lays keels of Ezra MPSV pair
The MMC 887 CP design vessels will be entirely constructed in Remontowa's Northern Shipyard in Gdansk with delivery dates set for first quarter and second quarter 2012.
[Read more]
Source: Marinelog
Posted on 12/15/2010 / 0
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Nordic Oil and Gas Spuds New Exploration Well at Endeavour
Donald Benson, Chairman and CEO of Nordic Oil and Gas Ltd. is pleased to announce that drilling activities have now commenced in Endeavour, Saskatchewan where the first of two new exploration wells has been spud. Drilling is expected to take approximately four to five days to complete.
This is the first of two exploration wells planned before year-end in the Endeavour region of east-central Saskatchewan. Toward this end, Mr. Benson also announced today that the Company has received its well license from the Saskatchewan government, for the second well located at 12-22-35-4 W2. The lease is currently being prepared and the Company plans to commence drilling this second new exploration well at Endeavour following the completion of the 4-11 well.
Source: Press release
This is the first of two exploration wells planned before year-end in the Endeavour region of east-central Saskatchewan. Toward this end, Mr. Benson also announced today that the Company has received its well license from the Saskatchewan government, for the second well located at 12-22-35-4 W2. The lease is currently being prepared and the Company plans to commence drilling this second new exploration well at Endeavour following the completion of the 4-11 well.
Source: Press release
Posted on 12/15/2010 / 0
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Lexaria Corp. Announces Two Successful Oil Wells and Record High Oil Production
Lexaria Corp. is very pleased to announce successful oil production from two new wells drilled this season at Belmont Lake Oil Field, Mississippi.
The 12-4 oil well began producing oil on October 21 and produced an average of 200.4 barrels per day for the first ten days of production, significantly more than expected. This is the highest oil production rate ever recorded for a Belmont Lake Oil Field well and meaningfully increases the production potential of the remaining wells to be drilled in the field. (Lexaria currently holds a 40% gross working interest in the 12-4 well.)
[Read more]
Source: The Newswire
The 12-4 oil well began producing oil on October 21 and produced an average of 200.4 barrels per day for the first ten days of production, significantly more than expected. This is the highest oil production rate ever recorded for a Belmont Lake Oil Field well and meaningfully increases the production potential of the remaining wells to be drilled in the field. (Lexaria currently holds a 40% gross working interest in the 12-4 well.)
[Read more]
Source: The Newswire
Posted on 12/15/2010 / 0
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Brigham Exploration Completes Five High Rate Wells At Williston Basin
Brigham Exploration, a Texas-based energy exploration company, announced today it has completed five wells in the Williston Basin with an early 24-hour peak flow back rate averaging 3,085 barrels of oil equivalent (boe).[Read more]
Source: Proactive Investors
Posted on 12/15/2010 / 0
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OIL AND GAS SPENDING TO RISE
Exploration and production (E&P) spending in the United States is expected to rise by 8.1 percent to $93.6 billion, while Canadian budgets are estimated to increase by 4.8 percent to $32.6 billion, according to the survey of 402 oil and gas companies.
[Read more]
Source: Live Trading News
Posted on 12/15/2010 / 0
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Toreador Plans to Drill in Paris Basin for Shale Oil Starting Next Month
Toreador Resources Corp. hired a rig and plans to drill its first well as early as next month in the Paris Basin east of the French capital in its exploration campaign for shale oil with Hess Corp.“Is there oil under the Eiffel Tower? The answer is yes,” Toreador Chief Executive Officer Craig McKenzie said at a presentation today in Paris before tomorrow’s listing of shares on NYSE Euronext. Toreador stock already trades on Nasdaq.
[Read more]
Source: Bloomberg
Posted on 12/15/2010 / 0
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BP suspends work on oil platform in Azerbaijan due to technical security
BP, the operator of the Azeri-Chirag-Guneshli bloc of fields in the Azerbaijani sector of the Caspian Sea has stopped producing light oil from the platform at the Chirag Field, BP Azerbaijan told Trend today. The work conducted on the platform was stopped on Saturday.
[Read more]
Source: Trend
[Read more]
Source: Trend
Posted on 12/15/2010 / 0
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Italy's Sorgenia buys into Polish shale gas
Sorgenia, the Italian energy company owned by holding company CIR SpA, has bought a a nearly 27 percent stake in a joint venture for the exploration of shale gas in Poland, a CIR spokesman said on Wednesday.
[Read more]
Source: Reuters
[Read more]
Source: Reuters
Posted on 12/15/2010 / 0
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A/S Norske Shell Extends $253 Million Maintenance and Modification Contract with Aker Solutions
[Read more]
Source: Offshore Energy Today
Posted on 12/15/2010 / 0
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Kosmos Energy celebrates first oil from $3.3B Jubilee field offshore West Africa
[Read more]
Source: Penn Energy
Posted on 12/15/2010 / 0
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Statoil: Kristin, Tyrihans production stopped in Norwegian Sea
The temperature was higher than considered acceptable and a decision was taken to stop production during Sunday, December 12.
Work is under way to rectify matters. It is expected that production can be resumed by the end of December.
The Kristin platform lies in the south-western area of the Halten Bank and produces gas and oil/condensate from the Kristin and Tyrihans fields.
The shut-down will entail a deferment in production of daily volumes corresponding to a total of 100,000 barrels of oil equivalent (boe) from the two fields.
Source: Press release
Posted on 12/15/2010 / 0
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Greece: Energean Oil & Gas Starts New Drilling Operations at Prinos Field
The project was officially inaugurated in an opening ceremony held last week in Kavala by Deputy Minister of Environment, Energy and Climate Change, Mr. Ioannis Maniatis.
[Read more]
Source: Offshore Energy Today
Posted on 12/15/2010 / 0
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BG Group makes deepwater gas discovery offshore China
The well, the first drilled by BG Group in China, is in the deepwater Qiongdongnan Basin in the South China Sea, approximately 130 kilometers offshore and in a water depth of 1,338 meters. BG Group will now conduct further analysis of the well results to increase understanding of the hydrocarbon potential in the Block.
BG Group Chief Executive Frank Chapman said: “This is an encouraging result from our first well offshore China, where our licence area encompasses three Blocks spanning some 15 000 square kilometers adjacent to large and rapidly growing Chinese gas markets.”
BG Group plans to continue its exploration program in 2011, with a second well to be completed early in the year and the acquisition of 1 500 square kilometers of 3D seismic data on Block 63/16.
Source: Press release
Posted on 12/15/2010 / 0
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Tab Oil:ZOLA-1 WELL DRILLING UPDATE
Tap Oil Limited (ASX Code: TAP) provides the following update on the Zola-1 exploration well, offshore Carnarvon Basin, Western Australia.Location / Proposed Depth
The Zola-1 well is located in permit WA-290-P, immediately south of the giant Gorgon gas field in the Carnarvon Basin, Western Australia. The well is being drilled in 285 metres of water and the primary Mungaroo Formation target will be intersected at approximately 4,300 metres below sea level. Further secondary targets will see the well drilled to a target depth of 5,000 metres.
Progress
During the period from 0600 hours WST on 8 December 2010 and 0600 hours WST on 15 December, 508 mm (20”) surface casing was run and cemented at 1,696 metres (MD), a blow-out preventer (BOP) was installed and tested, and the well was drilled from 1,701 metres (MD) to 3,425 metres (MD). Current hole size is 406 mm (16”).
Forward Plan
The well will be drilled ahead in 406mm (16”) hole to the intermediate casing point at 3,500 metres (MD). After intermediate casing is run and cemented, drilling will recommence.
Zola-1 is planned to take approximately 40-50 days from spud to reach a final total depth of approximately 5,000 metres. Upon completion of evaluation the well will be plugged and abandoned in the normal course of offshore operations.
Source: Tap Oil
Posted on 12/15/2010 / 0
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Ghana turns on the oil tap
Towards the end of the morning on Wednesday, Ghanaians will be able to turn on the television and watch their country become the world’s newest oil producer. The prospect is filling Ghanaian hearts with “euphoria”, according to the state broadcaster, but there are also good reasons to be wary.Source: Financial Times
Posted on 12/15/2010 / 0
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Daewoo Shipbuilding wins $1.3 bln deal
South Korea's Daewoo Shipbuilding and Marine Engineering (042660.KS), the world's second-largest shipbuilder, said on Thursday it had won a $1.3 billion deal from Chevron Corp (CVX.N) to build an offshore platform which for Australia.
Daewoo said in a statement that the platform will be delivered in 2014.
Source: Reuters
Daewoo said in a statement that the platform will be delivered in 2014.
Source: Reuters
Posted on 12/15/2010 / 0
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Bounty Oil And Gas NL Spudding Progress Report On The New Seaclem 1 Well In PEP 11
The well was spudded at 00.00 hours AEDST 15 December 2010 and has drilled the 9 7/8″ pilot hole to 310.5 metres BRT.
Current operations: Preparing to open hole to 36″ before running the 30″ conductor casing. This conductor will be cemented into the well in preparation for installation of the BOPs.
Forward operations: On current schedule, BOPs are expected to be installed on 19 December 2010 and the well is anticipated to reach the primary objective target zone during the period, 25-26 December 2010.
Bounty will release further details as soon as this information is available.
The well operator is Asset Energy Pty Limited a wholly owned subsidiary of Advent Energy Limited.
The well is the first exploration well to be drilled offshore New South Wales.
New Seaclem-1 will target natural gas in the Great White and Marlin stratigraphic prospects contained within the Cainozoic age sedimentary sequence. The specific gas targets are within interpreted Tertiary age sandstone reservoirs in that sequence and on the basis of seismic interpretation and site surveys the Great White/Marlin prospects have prospective gas in place resources of 7 TCF.
Bounty is free carried for all costs of the New Seaclem 1 well. Upon completion of the well Advent Energy Limited will increase its working interest in PEP11 from 25% to 85%. Bounty will thereby reduce its interest from 75% to 15%.
Source: Press release
Posted on 12/15/2010 / 0
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Amberjack to install Jack, St. Malo 136-mile oil export pipeline
The pipeline will originate approximately 280 miles (450 km) south of New Orleans, Louisiana, in 7,000 feet (2.16 km) of water and terminate at GC19. From GC19, Jack/St. Malo owners will have a variety of pipeline options for moving crude oil to most major trading hubs and refineries in the Gulf Coast region.
This new pipeline will be a significant technical undertaking, and once installed will serve as a safe and reliable oil export solution for the Chevron operated Jack/St. Malo hub production facility. As previously announced by Chevron, the hub facility is expected to have an initial production capacity of 170,000 barrels of oil per day. Startup of the hub facility is anticipated in 2014.
Chevron Pipe Line Company will construct and operate this pipeline for Amberjack Pipeline Company LLC.
Source: Press release
Posted on 12/15/2010 / 0
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Colfax expands pump monitoring range
Colfax Corporation has expanded its SmartSense intelligent pump monitoring line to include the new SmartSense pulse.Measuring only 2.4 inches long, 1.6 inches wide and 1.3 inches deep, the pulse easily fits near the bearing on a pump to gauge temperature and vibration.
[Read more]
Source: The Motorship
Posted on 12/15/2010 / 0
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Brazil university unveils new dive support vessel
A 25-metre aluminium dive support vessel, designed by the Federal University of Rio de Janeiro, has recently been unveiled. The vessel has been designed to optimise fuel consumption at cruise speed, at a fully loaded displacement of 100 tonnes.
Source: Baird Maritime
Posted on 12/15/2010 / 0
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UK: Industry Elite Join Global Taskforce to Shape the Future of Shipping
An ambitious global taskforce charting a course to a sustainable future for the shipping industry received a major boost today with the announcement of six elite new members.The Sustainable Shipping Initiative (SSI) is joined by: Cargill, which runs a charter fleet of more than 300 vessels; South Korea’s Daewoo Shipbuilding & Marine Engineering, one of the world’s biggest shipbuilders; Rio Tinto Marine, the shipping arm of the mining giant; RSA, one of the world’s top four marine insurers; the high-profile Greek tanker operator Tsakos Energy Navigation; and Wärtsilä, one of the world’s top providers of shipping solutions and equipment.
[Read more]
Source: Offshore Energy Today
Posted on 12/15/2010 / 0
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Aker Solutions wins construction contract for pipe mill process building in US
"Aker Solutions is very pleased with the award of this contract. We have exceptional construction experience across a range of industries in the US and the award of this latest project is a reflection of the strong capability we possess in the team," said Steve Harker, Vice President and General Manager, Aker Construction, Inc.
The project is located adjacent to the V & M Star L.P.'s operations in Youngstown, Ohio. V&M officially broke ground on the new mill in late July, and plans for the new mill to be operational within approximately 18 months.
Source: Press release
Posted on 12/15/2010 / 0
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Safety board took entry in the hearing of oil spill
[Read more]
Source: Top News
Posted on 12/15/2010 / 0
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27 asylum seekers die as boat sinks off Australia
[Read More]
Source: Fox News
Posted on 12/15/2010 / 0
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No survivor found in the new South Korean trawler that sank in Antarctica
Rescuers failed to find any survivor in the South Korean trawler that sank in the Antarctic, said the Royal New Zealand Navy on Tuesday.
Seventeen crew members were on the trawler in sung No. 1 and they are missing. They are presumed to be dead.
[Read More]
Source: seek 4 media
Seventeen crew members were on the trawler in sung No. 1 and they are missing. They are presumed to be dead.
[Read More]
Source: seek 4 media
Posted on 12/15/2010 / 0
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Greek ship escapes pirate attack off coast of Oman
Four armed pirates attacked the ship approximately 500 nautical miles of the North East of Salalah on Friday, Marine Management Services, owner of the boat, said in a statement.
“[The] officer on watch identified and targeted a suspicious vessel,” the company said. “While assessing the situation he noticed the skiff [a small boat] approaching the vessel’s port quarter under fire.”
Four armed pirates carrying firearms then attempted to board the ship using a portable ladder but the attack was unsuccessful.
Source: Arabian Business.com
Posted on 12/15/2010 / 0
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Brazilian FPSO power orders for ABB
ABB has won several orders collectively worth $42 million to provide power supply infrastructure and equipment for several FPSOs for use in various Petrobras projects off the Brazilian coast.
[Read More]
Source: Motorship
[Read More]
Source: Motorship
Posted on 12/15/2010 / 0
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Fire inquiry finds faults
AN INQUIRY into an AHTS fire in Australia has uncovered serious deficiencies that were missed by the flag state, classification society, managers and crew.
The Marshall Islands-flagged anchor-handling tug supply vessel Petra Frontier was completed in China in 2008. It was being operated by Petra Marine Australia, servicing the rig Ocean Shield 230km northwest of Darwin, when a fire started in a steering gear compartment in September last year.
[Read More]
Source: Seatrade Asia
The Marshall Islands-flagged anchor-handling tug supply vessel Petra Frontier was completed in China in 2008. It was being operated by Petra Marine Australia, servicing the rig Ocean Shield 230km northwest of Darwin, when a fire started in a steering gear compartment in September last year.
[Read More]
Source: Seatrade Asia
Posted on 12/15/2010 / 0
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NYK links with Vinalines
Tokyo: Nippon Yusen Kaisha (NYK) and Vinalines Container Shipping Company (VCSC) will launch a new joint service, the Thailand-Vietnam-Singapore (TVS) service, at the end of December.
[Read More]
Source: seatrade Asia
[Read More]
Source: seatrade Asia
Posted on 12/15/2010 / 0
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Hyundai Group submits documents in battle to take over construction firm
Hyundai Group submitted more documents yesterday just ahead of a deadline to clear up suspicions about the conditions of a loan to help finance its takeover of Hyundai Engineering & Construction.
[Read More]
Source: seatrade Asia
[Read More]
Source: seatrade Asia
Posted on 12/15/2010 / 0
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SSI attracts new members
Sustainable Shipping Initative, SSI, working for a sustainable future for the shipping industry has attracted six new members: Wärtsilä, Daewoo Shipbuilding & Marine Engineering, Rio Tinto Marine, RSA, Tsakos Energy Navigation och Cargill.
[Read More]
Source: shipgaz
[Read More]
Source: shipgaz
Posted on 12/15/2010 / 0
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Colombian Electric Company Dredges for More Power
[Read More]
Source: Dredging Today
Posted on 12/15/2010 / 0
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Demen Introduces Its New Compact Stan Tug Series Stan Tug Family Grows to 11 Vessel Designs
With more than 40 years experience and expertise behind the three tug types, (the Stan Launch 804, Stan Tug 1004 and Stan Tug 1205), the vessels are designed to be strong, highly manoeuvrable and easily manageable for a one or two-man crew.
[Read More]
Source: Dredging Today
Posted on 12/15/2010 / 0
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Use media to combat piracy, says Anglo-Eastern CEO
The release of Paul and Rachel Chandler from their 12-month captivity in Somalia after being captured by Somali pirates is welcome news, says Anglo-Eastern CEO, Peter Cremers. However, the enthusiastic media response to their release hides the many hundreds of other piracy related cases.
[Read More]
Source: Baird Maritime
[Read More]
Source: Baird Maritime
Posted on 12/15/2010 / 0
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Italian container ship sinks off Egypt's coast but crew is safe
The Jolly Amaranto, with a crew of 16 Italians and five Romanians on board and a cargo of toxic paint, was hit by engine failure last week during heavy storms off the coast of Marsa Matruh in northwest Egypt.
During an operation by rescue services of Alexandria port with a tug boat, the containers started to slide into the water, tipping the Italian ship and causing it to flood, MENA said.
Strong rains and sandstorms which battered Egypt at the weekend killed more than 30 people.
At least 14 of them were killed and 10 others injured when a six-storey textile factory crumpled on Sunday in the northern port city of Alexandria, MENA said, revising an earlier casualty toll and warning it could still rise.
Source: Ahram Online
Posted on 12/15/2010 / 0
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Largest Baltic shipbuilder BLRT sees rising demand for 2011
[Read More]
Source: The Baltic Course
Posted on 12/15/2010 / 0
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STX Offshore wins US$912 mln order for 20 cargo carriers
STX Offshore & Shipbuilding Co., a South Korean shipbuilder, said Tuesday that it has won a US$912 million order to build 20 cargo carriers.
[Read More]
Source: Trading Markets
[Read More]
Source: Trading Markets
Posted on 12/15/2010 / 0
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Japanese Ship Attacked Off Somalia
[Read More]
Source: arirang
Posted on 12/15/2010 / 0
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Daewoo Shipbuilding Stock Gains on $1 Billion Asian Contract for Warships
Daewoo Shipbuilding & Marine Engineering Co., the world’s second-biggest shipyard, rose to the highest in more than two years in Seoul trading after announcing it received an order worth $1 billion.
[Read More]
Source: Bloomberg
[Read More]
Source: Bloomberg
Posted on 12/15/2010 / 0
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Shipbuilders Win Major Orders
Korean shipbuilders clinched a series of major deals worth nearly US$1 billion and more in recent days.
[Read More]
Source: Chosunilbo
[Read More]
Source: Chosunilbo
Posted on 12/15/2010 / 0
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