Three of the four injured were transported to hospital in Fort McMurray in stable condition.
[Read more]
Source: Toronto Sun
Posted on 1/06/2011 / 0
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Jan 6, 2011
Alberta oilsands blast injures four
Three of the four injured were transported to hospital in Fort McMurray in stable condition.
[Read more]
Source: Toronto Sun
Salamander Energy: Gulf of Thailand drilling delayed because Ocean Sovereign jackup detained
Salamander Energy reports that the Ocean Sovereign jackup rig, contracted for the B8/38 drilling campaign, is currently held up in Johor, Malaysia, while the rig's owner, Diamond Offshore , completes its foreign business license paperwork to allow entry into Thai waters.
Once these administrative issues have been resolved, the rig will be moved to the Bualuang field location for a program of up to three exploration wells and six development wells.
The first of these will be the Bualuang East Terrace exploration well, which is now expected to spud at the end of this month. This prospect is estimated to contain a mean 7 million barrels of oil (MMbo) with upside potential of 14 MMbo and has a 66% chance of success.
The Bualuang East Terrace exploration well is located on Salamander wholly owned and operated Block B8/38 in the Gulf of Thailand.
Source: Press release
Once these administrative issues have been resolved, the rig will be moved to the Bualuang field location for a program of up to three exploration wells and six development wells.
The first of these will be the Bualuang East Terrace exploration well, which is now expected to spud at the end of this month. This prospect is estimated to contain a mean 7 million barrels of oil (MMbo) with upside potential of 14 MMbo and has a 66% chance of success.
The Bualuang East Terrace exploration well is located on Salamander wholly owned and operated Block B8/38 in the Gulf of Thailand.
Source: Press release
Posted on 1/06/2011 / 0
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4 Chinese killed in cargo ship fire off S.Korean coast: Chinese consular officials
Four Chinese were killed in a fire on a Cambodia-flagged cargo ship off South Korea's southeastern coast, Chinese consular officials told Xinhua Friday.The fire broke out on the ship at around 6:50 a.m. Friday (2150 GMT Thursday) when the 1,412-ton Yunxing was anchoring in Busan port, South Korea's largest port located in the southeastern coast, consular officials said.
[Read More]
Source: People's Daily
Posted on 1/06/2011 / 0
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Gulf oil spill study's surprising find: bacteria ate methane in three months
As oil and methane were pouring into the Gulf of Mexico from April to July, scientists sought to understand how quickly bacteria in deep Gulf waters would consume the gas. Initial, rough estimates suggested that bacteria might take years.
[Read more]
Source: The Christian Science Monitor
Posted on 1/06/2011 / 0
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Chesapeake Energy cuts back natural gas production growth
The leading natural gas producer in the US Chesapeake Energy reported today that the independent firm will reduce its two-year production growth goal for 2011 and 2012 by 15 percent.All the while, Chesapeake reported proved reserves of 16.9 trillion cubic feet of natural gas equivalent, an increase of 2.6 trillion cubic feet equivalent or 18 percent year over year. Despite selling approximately 1.4 trillion cubic feet equivalent of proved reserves in 2010, the company was able to add 2.4 trillion cubic feet equivalent of proved reserves through drilling at an estimated cost of less than $1.15 per thousand cubic feet.
Also, the company produced 2.9 billion cubic feet of natural gas equivalent a day 4 percent less in the fourth quarter of 2010 than the previous quarter.
In an effort to overcome potentially lower natural gas prices in 2011, Chesapeake has hedged 96 percent of its expected 2011 natural gas production at an average price of $5.84 per thousand cubic feet.
As its updated strategy moving forward, the company plans to reduce its long-term debt by 20 percent by lessening leasehold spending and decreasing its two-year production growth rate to 25 percent rather than its previously planned 30 to 40 percent.
"This plan represents a fundamental shift from our aggressive asset accumulation of the past few years to a multi-year period of asset harvest, characterized by a clear focus on capital discipline and maximizing returns,” said Aubrey McClendon, CEO of Chesapeake. “We believe we have assembled the best assets in the U.S. and have the technology, experience and financial and human capital to convert these assets into rapidly growing production, proved reserves and cash flow. Successful execution of our 25/25 Plan should very substantially reward our shareholders in both the short and longer term."
Source: Press release
Posted on 1/06/2011 / 0
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Pioneer Natural Resources to ramp up drilling in the Spraberry, Eagle Ford Shale
With the sale of its oil-producing Tunisian assets to OMV, Pioneer Natural Resources is reinvesting the $866 million in generated capital in its onshore US exploration and production ventures, namely the Spraberry and Eagle Ford Shale.
The company plans to substantially increase the number of rigs drilling the Spraberry formation in West Texas over the course of 2011.
“Our most recent drilling program called for 30 rigs to be operating in the Spraberry during 2011, but we now plan to increase the rig count to 35 rigs by mid-year,” revealed Pioneer Chairman and CEO Scott D. Sheffield.
According to Pioneer, the Spraberry field is the fifth largest oil field and the 15th largest gas field in the US, and the company currently has interest in 5,600 active wells across nine counties, making Pioneer the largest acreage holder, driller and producer in the Spraberry.
The company will also bump up its rigs drilling the Eagle Ford Shale in South Texas.
“In the Eagle Ford Shale, an acceleration plan has now been approved by the joint-venture partners, which will result in an average of 12 rigs operating during 2011 as compared to the initial development plan that ramped up to 10 rigs by the end of 2011," Sheffield reported.
Pioneer holds 310,000 gross acres in the Eagle Ford Shale, which is growing in popularity among producers because it holds natural gas and oil.
"This accelerated drilling program, which is planned to ramp up further in 2012 and 2013, is expected to increase the company’s current compound annual production growth target of more than 15 percent for the 2011 through 2013 period while maintaining our strong financial position," he concluded.
Source: Press release
The company plans to substantially increase the number of rigs drilling the Spraberry formation in West Texas over the course of 2011.
“Our most recent drilling program called for 30 rigs to be operating in the Spraberry during 2011, but we now plan to increase the rig count to 35 rigs by mid-year,” revealed Pioneer Chairman and CEO Scott D. Sheffield.
According to Pioneer, the Spraberry field is the fifth largest oil field and the 15th largest gas field in the US, and the company currently has interest in 5,600 active wells across nine counties, making Pioneer the largest acreage holder, driller and producer in the Spraberry.
The company will also bump up its rigs drilling the Eagle Ford Shale in South Texas.
“In the Eagle Ford Shale, an acceleration plan has now been approved by the joint-venture partners, which will result in an average of 12 rigs operating during 2011 as compared to the initial development plan that ramped up to 10 rigs by the end of 2011," Sheffield reported.
Pioneer holds 310,000 gross acres in the Eagle Ford Shale, which is growing in popularity among producers because it holds natural gas and oil.
"This accelerated drilling program, which is planned to ramp up further in 2012 and 2013, is expected to increase the company’s current compound annual production growth target of more than 15 percent for the 2011 through 2013 period while maintaining our strong financial position," he concluded.
Source: Press release
Posted on 1/06/2011 / 0
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SandRidge Energy, Inc. Announces Closing of Wolfberry Asset Sale for $155 Million
SandRidge Energy, Inc. today announced that it has closed the sale of its Wolfberry assets in the Permian Basin to a private party for cash proceeds of $155 million. The divested properties are producing approximately 1,600 Boe/d and had estimated proved reserves of 2.37 MMBoe at December 31, 2009. The proceeds will be used to pay down outstanding borrowings under the company's credit facility.Tom Ward, Chairman and CEO, stated, "This transaction is another step in SandRidge's stated plan to raise capital by divesting of non-core assets and monetizing our Horizontal Mississippian acreage in the Mid-Continent. When combined with the $110 million realized from our Bone Spring acreage sale, and the expected proceeds from the royalty trust offering announced yesterday, we expect to have raised between $500 and $550 million, well on the way to our target of $600 to $800 million in additional capital by the end of this year."
Source: Press release
Posted on 1/06/2011 / 0
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National Oil Spill Commission Blames Risky Decisions For BP Well Blowout
[Read more]
Source: RTT News
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KCA DEUTAG Wins Flagship Six-rig Contract in Caspian Region for BP
KCA DEUTAG, the leading international drilling and engineering contractor, has been awarded a flagship six-rig contract by BP as operator of the Azeri-Chirag-Gunashli and Shah Deniz fields in the Azerbaijan sector of the Caspian Sea, to manage all of BP-operated platform drilling assets in the Caspian region.
The contract, which is for a primary period of five years with the option to extend by up to a further five years, is believed to be the world's largest single platform drilling contract. The new contract will commence in December 2010.
Holger Temmen, KCA DEUTAG's Chief Executive, commented:
'We are very pleased to have won this long term contract award for all of BP-operated platforms in such a key strategic market. We have a valued relationship with BP in the Caspian region, developed over more than a decade, and focused on continuous improvement at all levels. KCA DEUTAG is now one of the largest employers in Azerbaijan, and this award is very much a reflection of the quality of our Azerbaijani workforce and their hard work and dedication. This major contract win proves the strength of KCA DEUTAG and its ability to generate recurring revenue.'
Rune Lorentzen, KCA DEUTAG's General Manager - Northern Platforms, said:
'This award reinforces the importance of our focus on consistently high HSE and operational performance. Drilling facilities design and platform drilling operations remain absolutely core to KCA DEUTAG's strategy and the BP Caspian involvement is perhaps the best example of our preferred contracting model - being involved from the early conceptual engineering stages, through front end and detailed engineering, construction and subsequent long term operation of the rigs. It has been a very successful period for our platform business and reflects our ongoing commitment to improving performance and in delivering safe, effective, trouble-free operations.'
Source: Press release
The contract, which is for a primary period of five years with the option to extend by up to a further five years, is believed to be the world's largest single platform drilling contract. The new contract will commence in December 2010.
Holger Temmen, KCA DEUTAG's Chief Executive, commented:
'We are very pleased to have won this long term contract award for all of BP-operated platforms in such a key strategic market. We have a valued relationship with BP in the Caspian region, developed over more than a decade, and focused on continuous improvement at all levels. KCA DEUTAG is now one of the largest employers in Azerbaijan, and this award is very much a reflection of the quality of our Azerbaijani workforce and their hard work and dedication. This major contract win proves the strength of KCA DEUTAG and its ability to generate recurring revenue.'
Rune Lorentzen, KCA DEUTAG's General Manager - Northern Platforms, said:
'This award reinforces the importance of our focus on consistently high HSE and operational performance. Drilling facilities design and platform drilling operations remain absolutely core to KCA DEUTAG's strategy and the BP Caspian involvement is perhaps the best example of our preferred contracting model - being involved from the early conceptual engineering stages, through front end and detailed engineering, construction and subsequent long term operation of the rigs. It has been a very successful period for our platform business and reflects our ongoing commitment to improving performance and in delivering safe, effective, trouble-free operations.'
Source: Press release
Posted on 1/06/2011 / 0
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Statoil Plans Norwegian Shelf Projects Modifications Worth $1,5 Billion
[Read more]
Source: Offshore Energy Today
Posted on 1/06/2011 / 0
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Apache Commences Production From Balboa (East Breaks 597), Its First Operated Deepwater Development in the Gulf of Mexico
Balboa is located in estimated water depths of 3,350 feet approximately 130 miles south of Galveston, Texas. The field is a one-well development with a six-mile tieback to the Anadarko-operated Boomvang spar on East Breaks 643. The reservoir features oil-bearing sandstones with a natural gas cap. The well has been completed near the crest of the structure to optimize overall hydrocarbon recovery. This completion was designed to initially produce natural gas and liquids with increasing liquids and decreasing gas volumes throughout the life of the field.
"Subsea tieback technology has significantly improved the economics for deepwater developments by lowering the threshold for commercial accumulations," said John Crum, co-chief operating officer and president -- North America. "Through acquisitions completed in 2010, Apache now has both the capability in-house and the portfolio of properties in the deepwater Gulf of Mexico to exploit assets such as Balboa and add shareholder value."
Apache assumed operatorship of Balboa with the acquisition of Mariner Energy in November 2010. The field commenced production on Dec. 28, 2010."
Source: Press release
Posted on 1/06/2011 / 0
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Total discovers gas, condensate at Edradour in the waters West of Shetland
The Edradour exploration well lies in block 206/4, approximately 75 kilometers northwest of Shetland in a water measuring 300 meters deep. The well reached a depth of more than 3,500 meters and encountered gas and condensate in a Cretaceous reservoir with good petrophysical properties.
Full formation evaluation, including an extensive sampling program, has been undertaken. Once the appraisal phase is completed, studies will be launched to consider the development of these new resources through the Laggan and Tormore facilities.
“While definitive testing is still to be completed, Edradour already is another meaningful discovery for us in the West of Shetland region,” said Patrice de Vivies, senior vice president, Northern Europe, Total Exploration & Production. “It should reinforce our third production hub on the United Kingdom Continental Shelf around the Laggan and Tormore fields, after the success of our existing Alwyn and Elgin Franklin hubs.”
Total has a 75% operating interest in the Edradour licence, with DONG holding the remaining 25%. Total (80%) and DONG (20%) are also partners in the Total-operated Laggan and Tormore development, which was sanctioned in March 2010 and is scheduled to produce first gas in 2014.
Source: Press release
Posted on 1/06/2011 / 0
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Crew uses citadel to repel pirates
Suspected Somali pirates boarded a British-flagged tanker, but abandoned the siege after the crew locked themselves in a safe room and retained control of the vessel, a naval task force said Tuesday.
[Read More]
Source: Safety4sea
[Read More]
Source: Safety4sea
Posted on 1/06/2011 / 0
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$3.65M in damages agreed in SF Bay spill
TWO SHIP management companies have reportedly agreed to pay $3.65M in damages in a class-action lawsuit resulting from the 2007 Cosco Busan oil spill.Money from the settlement by Fleet Management and Regal Stone, announced yesterday, will be spread across 120 fishermen in the San Francisco area, plaintiff attorney Stuart Gross told the San Francisco Chronicle newspaper.
[Read More]
Source: Safety at Sea
Posted on 1/06/2011 / 0
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ISRO wants ban lifted
MALAYSIA's ISRO Shipping is reportedly demanding action by its government to get Brunei to lift its yearlong ban on ISRO’s three ferries from docking at Muara.
Brunei’s reason for the ban of Duta Muhibbah 2, Duta Muhibbah 3 and Rajawali was that the ships lack valid safety certificates; the three express passenger ferries ply the Labuan-Bandar Seri Begawan-Labuan route.
[Read More]
Source: Safety at Sea
Brunei’s reason for the ban of Duta Muhibbah 2, Duta Muhibbah 3 and Rajawali was that the ships lack valid safety certificates; the three express passenger ferries ply the Labuan-Bandar Seri Begawan-Labuan route.
[Read More]
Source: Safety at Sea
Posted on 1/06/2011 / 0
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An Somali pirate apologised to a German sea captain for hijacking
An alleged Somali pirate apologised Wednesday to a German sea captain for hijacking his freighter last year.
Dutch sailors overpowered 10 pirates on the German container ship Taipan on April 5 and later sent the men to Hamburg in Germany to stand trial. The Taipan’s captain, 69-year-old Dierk Eggers, has been testifying in court.
‘I would like to say to Captain Eggers, sorry for the attack,’ one of the defendants told the court.
‘That’s a conciliatory conclusion,’ the judge said approvingly.
The case is expected to continue for several weeks.
Outside the court, Eggers said he accepted the apology and felt sorry for Somalis who live in dreadful poverty.
Source: Shiptalk
Dutch sailors overpowered 10 pirates on the German container ship Taipan on April 5 and later sent the men to Hamburg in Germany to stand trial. The Taipan’s captain, 69-year-old Dierk Eggers, has been testifying in court.
‘I would like to say to Captain Eggers, sorry for the attack,’ one of the defendants told the court.
‘That’s a conciliatory conclusion,’ the judge said approvingly.
The case is expected to continue for several weeks.
Outside the court, Eggers said he accepted the apology and felt sorry for Somalis who live in dreadful poverty.
Source: Shiptalk
Posted on 1/06/2011 / 0
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Entek Energy Reports Gulf of Mexico Gas Discovery
GA A133 Summary
Entek was originally awarded the block at 100% interest. The company subsequently farmed out 50% Working Interest (WI) to Peregrine Oil and Gas II (Peregrine) who operate the adjacent platform through which this GA A133 will be produced and, as intended, Peregrine is now also operator of the block. The Company has also subsequently further farmed down 12% WI to Challenger Minerals Inc.
A Processing and Handling Agreement with the adjacent GA A155 Block and platform owners (operated by Peregrine) has also been executed. This allows Entek to process production from GA A133 through the adjacent GA A155 platform.
The hydrocarbon resource potential of GA A133 ranges from 2 BCF of 3P reserves (certified by Ryder Scott) up to 18 BCF of prospective resource. This initial well in GA A133 was targeting a prospect with up to 12 BCF of prospective resource. Post discovery reserves are being recalculated and will be independently certified prior to production tie-in. The proven reserves and associated prospective resource on the Block will be targeted for tie-in later.
Based upon the results of this well, a plan of development is being prepared, taking into consideration weather windows and the anticipated increase in gas price towards the end of 2011. First production could be as early as end second quarter 2011.
CEO and Managing Director Trent Spry stated:
'The GA A133 result is a great way to start 2011. First production could be as early as end second quarter 2011. GA A133 is expected to deliver a strong revenue stream to the Company as gas prices are anticipated to rise. The 2011 year will see some exciting developments in Entek's Gulf of Mexico portfolio and further work by the successful Entek / Peregrine partnership, including the VR 342 Oil Project.'
Source: Press release
Posted on 1/06/2011 / 0
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People And Pirates
The needs of seafarers and their families during piracy hostage situations were brought into sharp focus at two major events in the Philipines capital, Manila towards the end of last year.
[Read More]
Source: Shiptalk
[Read More]
Source: Shiptalk
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OGX Announces the Presence of Hydrocarbons in Well 1-MRK-3/4P-RJS in the Campos Basin
According to a preliminary evaluation conducted by operator Maersk Oil, hydrocarbons were encountered in sandstone reservoirs in the Santonian section totaling some 14 meters of potential net pay. In addition, some 43 and 12 meters of potential net pay were encountered, respectively, in carbonate reservoirs in the Albian and Aptian sections. The 1 -MRK-3/4P-RJS exploration well, known as Carambola-A, is the first of two wells to be drilled in the BM-C-37 block and the drilling of this prospect was concluded at a final depth of 3,400 meters below sea level.
The 1-MRK-3/4P-RJS well is situated about 74 kilometers off the coast of the state of Rio de Janeiro at a water depth of approximately 134 meters. The rig, Blackford Dolphin, initiated drilling activities there on November 3, 2010 and will now be moved some 4 km to the north to drill the Carambola B exploration well.
Source: Press release
Posted on 1/06/2011 / 0
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Reef Subsea AS acquires S3, Specialist Subsea Services Ltd, based in Aberdeen, Scotland
Registered in 2007, S3 specializes in the provision of offshore survey, positioning and ROV services. Services include remote intervention, IMR, construction support, seabed mapping, geophysical surveys, geotechnical services, survey data presentation and data management. Historically based in Aberdeen, S3 serves the oil & gas, the offshore renewable energy and the marine facility sectors with their ROVS and survey teams.
The company’s assets include four advanced survey-capable work class ROVs as well as a pool of survey equipment and their near shore vessels. S3 operates mainly in the North Sea, but has also completed extensive deepwater survey and ROV operations throughout the Mediterranean Sea, in water depths ranging up to 3000m.
Mark Preece, Reef Subsea Chief Executive Officer, said: “I am delighted to welcome S3 management and employees into the Reef Subsea family. Their management team is well known to the offshore subsea industry and also within our companies since we have successfully called upon their services for various projects in both oil & gas and renewable energy sectors. They represent an extremely good match in term of services to our existing business lines whilst allowing S3 to continue to grow.”
Source: Press release
Posted on 1/06/2011 / 0
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AsherXino Corporation Negotiating With Large Oil and Gas Company to Farm Out Drilling Program on Its Nigeria Offshore Block OPL
AsherXino Corporation today announced that it is negotiating with a large oil and gas company on a partial farm out of AsherXino's Oil Prospecting License (OPL) 2012 offshore of Nigeria. Details of the proposed farm out were not disclosed.AsherXino is an oil and gas exploration company focused on both offshore and onshore prospects in Nigeria and Ghana. The Company owns a 40% leasehold interest in offshore development block OPL 2012, and is currently working to finance the project through a combination of debt and equity. The Company also owns a 40% interest in offshore development block OPL 289 and intends to acquire additional leaseholds in Nigeria.
Cautionary Statement This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, based on current expectations, activities, estimates and projections that are subject to risk. Specifically, statements about the Company's negotiations on potential farm out agreements, holdings, financing plans and growth plans are forward-looking statements. These statements are based on our expectations and are naturally subject to uncertainty and changes in circumstances. Readers should not place undue reliance on these forward-looking statements, and the Company may not undertake to update these statements in the future. Actual results could vary materially from these expectations.
Source: Press release
Posted on 1/06/2011 / 0
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Disney Dream Takes "Happiest Place on Earth" to the Seas
Disney Cruise Line’s newest ship arrived at Port Canaveral Tuesday after traveling 6,500 miles across the Atlantic Ocean from a ship yard in Bremerhaven, Germany. The $900 million vessel is the third ship for the Disney line.Disney Dream is a 4,000-passenger cruise ship, complete with a miniature golf course, water coaster, virtual portholes providing a real-time view outside the ship and Disney-inspired playrooms. Although the maiden voyage won’t set sail until Jan. 26, some media members were granted a tour on Tuesday.
Many of the rooms of the ship are designed with Disney emblems, including a statue of Admiral Donald in the front atrium, Cinderella pumpkin carriage-inspired chandeliers and a portrait of the Beast (“Beauty and the Beast”) on wall sconces.
The Disney Dream is scheduled to sail three-, four- and five-night excursions to the Bahamas from Port Canaveral. It’s the first of two new ships to join the Disney fleet, with the Disney Fantasy set to debut in April 2012.
The first voyage has already been sold out, Disney officials said Tuesday, but there are openings on the second cruise, which begins Jan. 30.
Source: Thirdage.com
Posted on 1/06/2011 / 0
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T.O.S supplier nautical personnel Rijkswaterstaat
Since the nineties TOS has partly crewed the oil pollution response vessels Arca and Zirfaea for RWS as a subcontractor. Ad hoc requests have been met with for other vessels. “This three year contract really crowns the efforts of the past years.”, says Victor Mees. Mees is project manager Rijkswaterstaat for T.O.S. In the past few years he has been involved in the crewing of the Arca and Zirfaea.
The contract of RWS dienst Noordzee contains the control area of the Dutch part of the North Sea, the Atlantic Ocean and the inland waterways of the Netherlands. T.O.S thus covers all landing en mooring places on the Dutch shore from Flushing to Delfzijl.
For all vessels T.O.S provides both permanent and additional nautical personnel. The posts vary mainly from captain, first mate, sailor/cook, sailor, chief engineer, engineer, bosun to watchman/service engineer. The vessels are of very different dimensions and functions such as waterway marking, oil pollution fighting, fishery investigation, measuring and coast guard activities.
Source: Press release
Posted on 1/06/2011 / 0
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Lockheed to work on S. Korean ship
Moorestown’s Lockheed Martin Mission Systems and Sensors has been awarded a $40.6 million contract to engineer, install and test its Aegis Weapon System aboard a South Korean destroyer ship.[Read More]
Source:Moorestown Sun
Posted on 1/06/2011 / 0
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Iran says ships seized in Singapore freed
Three Iranian cargo ships seized in Singapore several months ago due to a financial dispute linked to sanctions on the Islamic Republic have been released, news agencies in Iran reported on Wednesday.
[Read More]
Source: Reuters
[Read More]
Source: Reuters
Posted on 1/06/2011 / 0
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Murphy Oil Announces Results of Drilling Wells Offshore Republic of the Congo
The Cobalt Marine #1 exploration well and the Turquoise Marine #3 well both failed to find commercial quantities of hydrocarbons. The Turquoise Marine #4 did find well developed deeper reservoirs with a minor accumulation of oil. All three wells were operated by Murphy West Africa, Ltd. at a 58.82% working interest and were plugged and abandoned. The total net cost of the program is estimated at $36 million and will be expensed in the fourth quarter of 2010.
David M. Wood, Murphy’s President and Chief Executive Officer, commented, “Our aim with this three well program was to delineate the area around the Turquoise Marine #1 oil discovery and prove up standalone volumes. These results, while disappointing, will lead us to look into a tie-back to Azurite development option more closely. We continue to evaluate our exploration program in Republic of the Congo and are pleased to be nearing final conclusion on improved fiscal terms.”
Source: Press release
Posted on 1/06/2011 / 0
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Russian icebreaker clears path to release trapped ships in Okhotsk sea
A Russian icebreaker on Thursday forced its way through ice to reach icebound ships in the Sea of Okhotsk, off Russia's far eastern coast.Admiral Makarov is 4 kilometers (2.5 miles) away from the ships, its captain said.
[Read More]
Source: Ria Novosti
Posted on 1/06/2011 / 0
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NORWEGIAN ENERGY : Drilling on Svaneøgle has started
Svaneøgle is located in production license PL545, about 100 kilometres southeast of the Grane field in the central part of the North Sea. The well is being drilled with the semi submersible rig West Alpha.
Source: Press release
Posted on 1/06/2011 / 0
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Dae Sun adds 1,040-teu pair
Korean shipbuilder Dae Sun Shipbuilding & Engineering has won additional orders from China's SITC International Holdings for container feedership newbuildings.The owner recently ordered additional two 1,040-teu ships from Dae Sun, costing $39m in total.
[Read More]
Source: Asiasis
Posted on 1/06/2011 / 0
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PSA Norway Releases New HSE Regulations Offshore and Onshore
The Petroleum Safety Authority Norway (PSA) is responsible for developing and enforcing regulations which govern safety and working environment in the petroleum activities on the Norwegian continental shelf and associated land facilities.[Read more]
Source: Offshore Energy Today
Posted on 1/06/2011 / 0
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STX Finland delivers ferry to P&O Ferries
STX Finland, builder of the world's largest cruise liners, has delivered a passenger ferry to P&O Ferries in a $240 million (euro180 million) deal.The Finnish shipbuilder says The Spirit of Britain will be the largest ferry operating in the English Channel with accommodation for 2,000 passengers. It has room for 195 passenger cars and 180 trucks.
[Read More]
Source: Bloomberg
Posted on 1/06/2011 / 0
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Aquino thanks Korea for heavy investments
"Government agencies are providing incentives to investors to encourage more investments…," the President said in his message at the blessing and naming of two bulk carriers built by Korean shipbuilder Hanjin Heavy Industries and Construction Co.-Philippines (HHIC-Phil.) for India’s Adani Shipping Pte. Ltd. The ceremony was held at the HHIC Shipyard at the Subic Freeport Zone (SFZ) in Zambales.
[Read More]
Source: Malaya
Posted on 1/06/2011 / 0
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Rongsheng Heavy Says Container-Ship Demand Improving
[Read More]
Source: Bloomberg
Posted on 1/06/2011 / 0
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Shipbuilding Sectors to Recover in 2011
2010 saw very stagnant business for shipbuilders worldwide including the three major shipbuilding companies in Korea- Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding and Marine Engineering.
But with the global economy on the rebound, orders for ships are back on the rise.
[Read More]
Source: Arirang News
But with the global economy on the rebound, orders for ships are back on the rise.
[Read More]
Source: Arirang News
Posted on 1/06/2011 / 0
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Trelleborg’s Acquisition of UK-Based PPL Polyurethane Products Finalized
PPL Polyurethane Products is based in the UK and develops, manufactures and markets a broad portfolio of polyurethane-based solutions and products, with a focus on the offshore oil/gas and infrastructure segments. The products that PPL Polyurethane Products manufactures include bend stiffeners and cable protection products for offshore oil/gas and damping solutions in the infrastructure area, primarily for railroads. The company has offices and production facilities in Retford and Coventry, in the UK.
The operation will be integrated into the Trelleborg Engineered Systems business area.
Source: Press release
Posted on 1/06/2011 / 0
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Corporate profitability continues to rise
UK corporate profitability rose to an 18-month high in the third quarter of 2010, driven by the boom in the manufacturing sector and higher oil prices. Private firms' net rate of return rose to 11.9% between July and September from 11.6% between April and June, said the Office for National Statistics.
Source: Press release
Posted on 1/06/2011 / 0
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Nido Petroleum Provides Tindalo Operations and SC54A Update
Since the last operations update on 29 December 2010, Nido, along with its Joint Venture Partners has reached a decision to call off the jack up-rig Aquamarine Driller following the abandonment of the Tindalo well.
This decision is without prejudice to the possible development of the Yakal field, which is an option currently being considered by the SC54A Joint Venture Partners.
The Aquamarine Driller will be available for use by the SC 54A Joint Venture for a period of three (3) months from the call off date.
Commenting on the recent developments, Nido President and CEO, Jocot de Dios, said: "While the Tindalo test results have been disappointing, the Joint Venture will continue to assess its shallow water opportunities within its inboard (SC 54A) portfolio."
Source: Press release
Posted on 1/06/2011 / 0
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Supertanker Surplus Increases, Cutting the Chance of a Rally in Hire Rate
There are 15 percent more very large crude carriers, or VLCCs, for hire over the next 30 days than there are cargoes, according to the median estimate of seven shipbrokers and owners surveyed by Bloomberg News today. A week ago the excess was 10 percent.
Freight rates declined 0.8 percent to 49.57 Worldscale points today on the benchmark Saudi Arabia-to-Japan route, according to the Baltic Exchange in London. Rental income slid 7.6 percent to $14,978 a day, according to the bourse.
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Source: Bloomberg
Posted on 1/06/2011 / 0
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Vessels delayed at Gladstone port due to floods
Several vessels have been delayed from entering Gladstone port in the state of Queensland due to recent floods that have affected many parts of Australia.According to Bloomberg, approximately 18 ships are outside the harbour waiting to load at the RG Tanna terminal.
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Source: portworld
Posted on 1/06/2011 / 0
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Ukraine reports contact made with captain of seized ship
The operator of an Algerian vessel seized by pirates off Oman managed for the first time Wednesday to contact the Ukrainian captain who said the 27-member crew is safe, the foreign ministry in Kiev said.The captain of the Blida bulk carrier told the Greek operator Sekur Holding Inc that "no crew member had been injured" during the attack last Saturday and that the sailors were in "satisfactory" condition, a statement said.
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Source: AFP
Posted on 1/06/2011 / 0
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Ports strike ends
The three-day ports strike ended today. After Histadrut chairman Ofer Eini and Director of Wages Ilan Levin reached a deal last night for a 6% pay hike over two years for ports workers. The parties also agreed to set up a
joint team to move forward on the floating of the ports companies' shares on the Tel Aviv Stock Exchange (TASE), the second stage of the ports reform agreement that was signed in 2005.
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Source: Globes
joint team to move forward on the floating of the ports companies' shares on the Tel Aviv Stock Exchange (TASE), the second stage of the ports reform agreement that was signed in 2005.
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Source: Globes
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Container spot rates reach milestone point
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Source: Hellenic Shipping News
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Technip Awarded a Key Subsea Contract for the Walker Ridge Development in the Gulf of Mexico
This award reinforces Technip’s leading position in the Gulf of Mexico ultra deep water market. It covers the engineering, fabrication and installation of 160 miles (270 kilometers) of steel catenary risers* and pipelines as well as the installation of subsea equipments.
Technip's operating center in Houston, Texas will perform the overall project management. The export pipelines and risers will be welded at the Group’s spoolbase located in Mobile, Alabama. Offshore installation is scheduled to be completed with the Deep Blue, Technip’s deepwater pipelay vessel, in 2013.
Source: Press release
Posted on 1/06/2011 / 0
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Sinopec finds large oil and gas deposits in Myanmar
Sinopec International Petroleum (SIPC) has discovered proven reserves of 909 billion cubic feet of gas and 7.16 million barrels of condensate in central Myanmar, state media reported on Thursday.
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Source: Reuters
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Source: Reuters
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