"Sanctioning Big Foot underscores our commitment to the Gulf of Mexico and will contribute to future US energy supply," said George Kirkland, vice chairman, Chevron.
[Read more]
Source: Penn Energy
Posted on 12/16/2010 / 0
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Dec 16, 2010
Chevron sanctions $4B Big Foot oil and gas development in deepwater US Gulf of Mexico
"Sanctioning Big Foot underscores our commitment to the Gulf of Mexico and will contribute to future US energy supply," said George Kirkland, vice chairman, Chevron.
[Read more]
Source: Penn Energy
Russian investment into Junin-6 Block project may reach $24 bln
The National Oil Consortium (NOC) group of Russian energy giants plans to invest about $24 billion in the development of Junin-6 Block project in the oil-rich Orinoco River belt in Venezuela, Yuri Lyovin, head of the project for Gazprom Neft, said on Thursday.
[Read more]
Source: RIA Novosti
[Read more]
Source: RIA Novosti
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Nabors sees 2/3 of US rigs targeting liquid in '11
Nabors Industries Ltd, the world's largest land-rig operator, expects two-thirds of its U.S. rigs outside Alaska to drill for oil or other liquids in 2011, according to an investor presentation.[Read more]
Source: Reuters
Posted on 12/16/2010 / 0
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Orion Oil & Gas Corporation Announces 2011 Capital Program
Orion Oil & Gas Corporation announced today that its Board of Directors has approved a capital spending program of $35 million in 2011 for production development operations (the "Capital Program") at its Alberta properties. The Capital Program includes the drilling of six development wells at Kaybob and fifteen development wells at Redwater, including two horizontal Ellerslie wells and one horizontal Viking well. In addition, Orion will be directing capital to the optimization of existing production and enhancement of infrastructure at both core areas. The Company is well advanced with its planning process relative to the Capital Program, and will be commencing drilling on both properties in January.[Read more]
Source: Marketwire
Posted on 12/16/2010 / 0
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Shipbuilding industry sees polarization
[Read More]
Source: Asiasis
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‘We had to build export ships’
Zhejiang Jingang Shipbuilding became the largest shipyard in Taizhou Zhejiang Province of China, in terms of export orders.
[Read More]
Source: Asiasis
[Read More]
Source: Asiasis
Posted on 12/16/2010 / 0
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Austal unveils massive passenger catamaran
[Read More]
Source: in my Community
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Hellenic Petrol sells drilling rights in Egypt
Greece's biggest refiner Hellenic Petroleum has sold rights to drill for hydrocarbons in Egypt as it focuses on its core downstream activities to cope with recession at home, it said on Thursday.
Hellenic sold 70 percent of its exploration rights in Egypt's West Obayed region to local operator Vegas Oil&Gas, it said in a statement. Hellenic will hold a 30 percent stake in a joint venture between the two companies.
[Read more]
Source: Reuters
Hellenic sold 70 percent of its exploration rights in Egypt's West Obayed region to local operator Vegas Oil&Gas, it said in a statement. Hellenic will hold a 30 percent stake in a joint venture between the two companies.
[Read more]
Source: Reuters
Posted on 12/16/2010 / 0
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Russian shipbuilders ask for $100 million to complete frigates for India
[Read More]
Source: RIA Novosti
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Japan Shipbuilders Take More Orders in Dollars
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Source: The Wall Street Journal
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Denmark gets gas via Germany for first time: Gasunie
Gas has flowed for the first time from Germany towards a northern European country, Denmark, breaking with decades in which the fuel has been piped in the other direction, Gasunie Deutschland said on Thursday.
[Read more]
Source: The Time of India
[Read more]
Source: The Time of India
Posted on 12/16/2010 / 0
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SCHEUERLE offers new scale models
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Source: Heavy Lift
Posted on 12/16/2010 / 0
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Australia is still a prime market say Volga-Dnepr
Rules which came into force in Australia in September with the aim of preventing 'marginally noise-compliant' aircraft from flying in or out of the country's main airport - see page 21 of HLPFI Issue 16 - do not appear to be having a major impact on operators.
[Read More]
Source: Heavy Lift
[Read More]
Source: Heavy Lift
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Tidal Power
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Source: Maritime Sun News
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Floating LNG Converters ‘Biggest New Thing,’ Teekay Chief Says0December 16, 2010
[Read More]
Source: Maritime Sun News
Posted on 12/16/2010 / 0
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Spill feared from ship grounded in India
The 916teu Tiger Spring collided with the 1,016teu box ship Green Valley in the Hooghly River in West Bengal on 23 November. It later grounded channel and has since obstructed shipping traffic through the waterway.
[Read More]
Source: Safety at Sea
Posted on 12/16/2010 / 0
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27 sought in sinking
RESCUERS are reportedly looking today for 27 crew missing in the sinking of a Vietnamese general cargo ship. Phu Tan sank in the South China Sea off the coast of the southern Chinese island of Hainan, Vietnamese officials told the AFP news agency. An official from Vietnam's National Search and Rescue Committee identified the vessel as Phu Tan, a Vinalines ship of 1,034teu and 14,205dwt. "We just sent our vessels to look for it a few hours ago. This ship belongs to us," the official said. "The container ship sank as the main engine was broken and the water came in. "There were 25 crewmen and two visitors on board. We were told they were all with lifejackets but have not found them yet."
[Read More]
Source: Fairplay24
[Read More]
Source: Fairplay24
Posted on 12/16/2010 / 0
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Hempel opens its largest factory
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Source: Seatrade Asia
Posted on 12/16/2010 / 0
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Vinashin cannot pay debts, Moody’s cuts nation’s credit rating
Hanoi: Vietnam's beleaguered state-run shipbuilding company does not have enough money to make a $60m loan payment next week, and has asked foreign creditors for more time to pay, state-run media reported.
[Read More]
Source: Seatrade Asia
[Read More]
Source: Seatrade Asia
Posted on 12/16/2010 / 0
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New Danish shipowners’ association
Rederiforeningen af 2010 will be a reality as from January 1, 2011, after two extra ordinary general assemblies yesterday unanimous decided to merge the two shipowners’ associations Rederiforeningen af 1895 og Rederiforeningen for Mindre Skibe.
[Read More]
Source: shipgaz
[Read More]
Source: shipgaz
Posted on 12/16/2010 / 0
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Bankers Petroleum restores production at Albania field
Bankers Petroleum Ltd said oil production at its Patos-Marinza oilfield in Albania, which had been shut due to flooding, has been fully restored.
Earlier this month, the company said it had restored 67 percent of the oil production at the field.
[Read more]
Source: Reuters
Earlier this month, the company said it had restored 67 percent of the oil production at the field.
[Read more]
Source: Reuters
Posted on 12/16/2010 / 0
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Helsinki shipyard to build two icebreaking supply vessels for Sovcomflot
[Read More]
Source: Marine Log
Posted on 12/16/2010 / 0
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Van Oord Commissions the Construction of a Second Self-propelled Cutter Suction Dredger
[Read More]
Source: Dredging Today
Posted on 12/16/2010 / 1
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FMC Technologies awarded $95M North Sea contract with Norske Shell
FMC's scope of supply includes one eight-slot manifold, four pipeline end modules, related control systems and connection equipment. Deliveries are scheduled to commence in the second quarter of 2011.
"FMC supplied the initial subsea system at the Ormen Lange field, which is Europe's deepest subsea development at 3,300 feet (1,000 meters)," said Tore Halvorsen, FMC's senior vice president, Global Subsea Production Systems. "We are pleased to strengthen this relationship with today's announcement, which reflects our extensive experience in the North Sea and with this project."
Norske Shell AS is the Norwegian division of Royal Dutch Shell.
Source: Press release
Posted on 12/16/2010 / 0
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Diesel fuel’s price reaches its latest two-year high
The average retail price of diesel fuel nationwide rose to its latest two-year high—the third time it has done so in the past month—climbing 3.4 cents to $3.231 a gallon, according to US Department of Energy information.
[Read More]
Source: Break Transportor
[Read More]
Source: Break Transportor
Posted on 12/16/2010 / 0
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Wintry Challenge for Turbine Transport
[Read More]
Source: Break Bulk
Posted on 12/16/2010 / 0
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Statoil expands share of Gudrun project
[Read more]
Source: Reuters
Posted on 12/16/2010 / 0
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East Asia to West Africa shipping rates to rise
Members of the Asia/West Africa Trade Agreement (AWATA) will raise freight rates in early 2011 on the trade lines linking East Asian ports with West Africa.
[Read More]
Source: Baird Maritime
[Read More]
Source: Baird Maritime
Posted on 12/16/2010 / 0
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Bangladesh: Hazardous scrap ships banned
The bench of justices A H M Shamsuddin Chowdhury and Sheikh Mohammad Jakir Hossain directed the government on Wednesday to formulate a ship-breaking policy within three months, following a petition filed by Bangladesh Environmental Lawyers Association (BELA).
[Read More]
Source: BDNEWS24
Posted on 12/16/2010 / 0
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Eni Makes a New successful Discovery in the Jangkrik Filed Offshore
[Read more]
Source:Offshore Energy Today
Posted on 12/16/2010 / 0
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Japanese Ship Orders Grow 30 Percent in November
Japanese export ship orders rose for the 12th consecutive month in November on a year-on-year basis, growing 29.9 percent to 525,009 gross tons, according to figures released Thursday by the Japan Ship Exporters’ Association.
[Read More]
Source: Journal of Commerce
[Read More]
Source: Journal of Commerce
Posted on 12/16/2010 / 0
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Supertankers Head for Worst December in Nine Years as Ship Glut Cuts Rates
[Read More]
Source: Bloomberg
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Clough Sea Trucks JV Awarded DOMGAS Contract for Gorgon
Engineering and construction company Clough Limited today announced that Chevron Australia has entered into a contract valued at approximately A$300 million with the Clough Sea Trucks Joint Venture (CSJV) for the Domestic Gas (DOMGAS) scope of work on the Gorgon Project.CSJV is a joint venture between Clough and Sea Trucks Australia established for the purpose of tendering and executing a variety of offshore works on the Gorgon Project. Participating interests vary from scope to scope.
[Read more]
Source: Oil Voice
Posted on 12/16/2010 / 0
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Government sues to recover costs from Macondo well accident, spill
The US Department of Justice and Environmental Protection Agency jointly sued to recover damages from the Apr. 20 Macondo well accident, which claimed 11 lives, and subsequent crude oil spill into the Gulf of Mexico. DOJ and EPA filed a civil action in US District Court in New Orleans naming nine defendants, including the well’s operator, BP Exploration & Production Inc.; partner Anadarko Exploration & Production LP; offshore drilling contractor Transocean Holdings LLC; and insurers QBE Underwriting Ltd./Lloyd’s Syndicate 1036.
[Read more]
Source: Penn Energy
Posted on 12/16/2010 / 0
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Aframax tankers profiting from cold winter says shipbroker
The extreme weather conditions experienced throughout Continental and Western Europe during the previous weeks were good news for tanker owners, especially those of the Aframax market. With similar condition prevailing during the winter season of 2009/2010, Aframax tanker ship owners witnessed that daily earnings for 80,000 tonne crude shipments in the North Sea route (TD7) were increased from zero levels in the third quarter of 2009 to an average of $27,000 per day during the first quarter of 2010. In particular, daily returns for TD7 hiked to a high of $69,000/day in March 2010 on the back of weather related disruptions.
[Read More]
Source: Hellenic Shipping News
[Read More]
Source: Hellenic Shipping News
Posted on 12/16/2010 / 0
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BG Group Discovers Light Oil in Tupi Area, Offshore Brazil
The well, designated as 3-BRSA-865A-RJS (3-RJS-677A) and informally known as Tupi W, was drilled at a water depth of 2 139 metres, approximately 275 kilometres off the coast of Rio de Janeiro State, and 11 kilometres northwest of the original Tupi discovery well*.
[Read more]
Source: Offshore Energy Today
Posted on 12/16/2010 / 0
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ABB wins offshore oil & gas contracts
[Read more]
Source: Hazard Ex
Posted on 12/16/2010 / 0
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Hyperdynamics Enters Into Exclusive Negotiations
Source: Press release
Posted on 12/16/2010 / 0
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CGGVeritas Announces Future Marine Joint Venture with Petrovietnam
The joint venture will provide seismic data acquisition services for the oil and gas clients operating locally in Vietnam and the region.
Jean-Georges Malcor CEO of CGGVeritas, said: “Strengthening long term relationships with our clients is an important priority for CGGVeritas. This marine Joint Venture with Petrovietnam further materializes the well established long term cooperation between our two companies that is founded on technology and a deep knowledge of the local geological content.
The full breadth of CGGVeritas will support this joint venture focusing on developing seismic marine acquisition and processing solutions dedicated to the Vietnamese offshore exploration challenges. ”
Source: Press release
Posted on 12/16/2010 / 0
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TAG OIL Acquires Offshore Exploration Acreage, Taranaki Basin, New Zealand
PEP 52181, operated by a subsidiary of Australian-based Roc Oil Limited, is located just 8 km from shore and is in close proximity to existing infrastructure, making commercialization in the event of discovery efficient and cost effective.
The Permit, which contains the Kaheru Prospect and numerous other leads, has extensive 2-D and 3-D seismic coverage, and has been identified to have high-impact exploration potential with a good chance for success. Kaheru is a Miocene-aged prospect on the same successful thrust belt play fairway as many significant Taranaki oil and gas fields, including: Rimu, Kauri, Manutahi immediately north, as well as the Tariki, Ahuroa, Waihapa and Ngaere ("TAWN") fields further north. Immediately to the west, the large Kupe Gas-Condensate field is now also in full production.
TAG Oil CEO Garth Johnson commented, "This new acquisition is an excellent addition to our Taranaki Basin prospect portfolio. The Kaheru Prospect brings TAG a significant amount of resource potential, and an opportunity to enter a new permit with a proven international offshore operator. We look forward to working with Roc Oil Limited and the other joint venture partners with a view to advancing Kaheru to the drilling phase."
TAG is also pleased to report that production testing of the Cheal-BH-1 horizontal well continues, with the well now flowing oil, gas and fracture fluids. The Company anticipates that once all fracture fluids and excess fracture sand have been recovered, a reliable stabilized flow rate will be achieved. "TAG is very encouraged by the testing of the horizontal well thus far, as well as all of the results from workover operations on existing Cheal wells. This has resulted in TAG recently achieving the highest daily oil and gas production volume in Cheal's history." continued Mr. Johnson.
Source: Press release
Posted on 12/16/2010 / 0
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Trico to Sell Remaining Towing and Supply Vessels
Trico Marine Services, Inc. today announced that it has reached an agreement with the Company's major constituents concerning the process of selling Trico's remaining Towing and Supply vessels and any related operating assets, in accordance with previous public statements that the Company is exiting the Towing and Supply business. The United States Bankruptcy Court for the District of Delaware (the "Court") recently issued an Order approving the agreed upon sale process.The Company noted that today's announcement excludes vessels owned by entities not part of the Company's bankruptcy proceedings, including Trico's North Sea Towing and Supply vessels.
The vessels Trico intends to sell include the Spirit River, Hondo River, Palma River, Buffalo River, James River, Leigh River, Manatee River and Pearl River, as well as related inventory. Trico may present acceptable offers for the sale of any vessels to the Court promptly upon agreement with a buyer. In order to procure the highest and best offer, Trico has been authorized by the Court to conduct an auction if multiple offers for the same vessel are received.
The deadline to submit an offer for any remaining vessel(s) not previously presented to the Court is 12:00 pm CST on January 17, 2011 (the "Final Offer Deadline"). Trico will hold a final auction at 10:00 am CST on January 24, 2011 for any offer received for such remaining vessel(s) prior to the Final Offer Deadline. The Court will subsequently conduct a Sale Hearing to approve any sales made at the final auction or that otherwise have not yet been approved.
Source: Press release
Posted on 12/16/2010 / 0
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AWE’s Silvereye-1 drilling update
Silvereye-1 was an exploration well located in the offshore Bass Basin within exploration permit T/44P. The well is located approximately 65 kilometres west of the Yolla gas platform and approximately 27 kilometres west of the Trefoil gas field.
Source: Press release
Posted on 12/16/2010 / 0
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Geoforce Launches GPS Equipment Tracking in West Africa
Geoforce, Inc., one of the world’s leading providers of asset management solutions for the Oil & Gas industry, announced today the launch of GPS equipment tracking services covering offshore and onshore oil and gas operations in West Africa.Geoforce’s award-winning service combines satellite tracking devices with web-based software to allow users to locate, manage, and receive movement alerts for high value mobile equipment such as cargo baskets, containers, tanks, rental equipment, service equipment, vehicles, and vessels.
Geoforce Director, Matt Ulrich, stated, “With our expansion in to West Africa, Geoforce is proud to continue our rapid growth throughout the world, augmenting our existing deployments in North America, Brazil, Alaska, Australia, and South East Asia. We look forward to providing Geoforce’s deep industry knowledge, superb customer service, and innovative technology leadership to our growing base of customers in West Africa.”
At the request of existing customers, including international oilfield service companies and major oil and gas operators, Geoforce began offering GPS equipment tracking services in West Africa earlier this year. Since then, deployments in the region have grown rapidly and strategic business partnerships have been established with experienced local entities.
Locating and managing equipment in the oilfield has always been a challenge, both operationally and financially. Companies operate 24/7 with valuable assets constantly in motion across drilling rigs, platforms, shore bases, marine vessels, and trucks across the globe. Prior to the advent of Geoforce, inventory was typically managed manually and operations personnel were forced to make educated guesses concerning the specific location and status of assets, which led to uninformed and ultimately suboptimal decision making. Now, utilizing Geoforce's GPS tracking devices and powerful web-based asset management platform, the efficiency and security of oilfield operations in West Africa can be improved, resulting in increased efficiency, transparency, and profits for operators.
Source: Press release
Posted on 12/16/2010 / 0
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Apache-operated Van Gogh field to Restart production in January 2011
The Apache-operated Van Gogh field is expected to resume production in January, subject to favorable weather conditions.Repairs to the damaged swivel seals on the Ningaloo Vision floating production, storage and offloading vessel were successfully completed. However, further inspections revealed the need for additional repairs of the detachable turret mooring system.
[Read more]
Source: Offshore Energy Today
Posted on 12/16/2010 / 0
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Cyclone risk off W. Australia revised to low
A tropical low off Australia's northwest coast packing gale force winds could cause severe flooding south of Australia's Pilbara iron ore district, but is unlikely to intensify to cyclone strength, the Bureau of Meteorology said on Thursday.Apache Corp has shut its Legendre and Stag oil fields as a precaution and Woodside Petroleum and Rio Tinto said they were monitoring the low's progress as it heads slowly toward land.
[Read more]
Source: Reuters
Posted on 12/16/2010 / 0
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