Petroceltic International PLC reported a successful flow test from well AT-4, the first of the current appraisal campaign of the Ain Tsila gas discovery on Algeria’s Isarene permit.
The Queensland government has given indicative approval for China National Offshore Oil Corporation subsidiary CNOOC Gas & Power to gain a 50% stake in five Exoma exploration permits.
Turkmenistan has agreed to increase its natural gas supply to China by 20 billion cubic meters a year, China's top economic planning body announced Wednesday.
Total SA (FP), Europe’s third-biggest oil company, agreed to buy 12 percent of OAO Novatek and join the gas producer’s Arctic LNG project to expand in Russia.
In a Senate Natural Resources Committee hearing Wednesday, Interior Secretary Ken Salazar said he believes the judge who ruled in February that the department must move forward on five pending deepwater drilling permits is "wrong" and does not have the jurisdiction to tell his department what to do.
Oil drilling equipment maker FMC Technologies Inc. announced the receipt of a five-year contract from British major BP plc. The global frame agreement calls for FMC Technologies to manufacture and supply subsea production systems and life-of-field services for their worldwide subsea development projects.
McDermott International, Inc., announced today that certain of its subsidiaries in the Middle East and Caspian region were recently awarded a number of contracts for offshore engineering and construction projects ranging from installation, through to full EPCI work, as part of our $2 billion of fourth quarter bookings.
Keppel Offshore & Marine acquires 27.8% stake in SGX-listed topside module fabricator Dyna-Mac.
OGX has identified the presence of hydrocarbons in the Albian and Aptian sections of well 1-OGX-31-RJS, which is located in the BM-C-41 block, in the shallow waters of the Campos Basin. OGX holds a 100% working interest in this block.
Brazilian major Petrobras has temporarily stopped production on the Extended Well Test of the Guara field in the deepwaters of the Santos Basin offshore Brazil.
Perth-based ship building company Strategic Marine has won a contract to supply a 27-metre work barge to service the energy and resources sector in Western Australia's north-west. 
Escopeta Oil and Gas President Danny Davis says he plans to load the Blake 151 jack-up rig onto the Kang Sheng Kou heavy-lift vessel at Freeport, La., on March 8 and be on the way to Cook Inlet shortly thereafter.
Cosalt Offshore, a provider of lifting, tooling and marine services to the oil and gas industry, is to provide inspection services to Shell at two UK onshore gas processing plants.
Halliburton has integrated the drilling capabilities of several service offerings into a proprietary engineering workflow, suite of drilling applications on DecisionSpace InSite infrastructure, and localized, cross-function teams.
Mozambique’s Nacala port will invest $200 million over 20 years to boost capacity at its container terminal, said Agostinho Langa, executive director of Corredor De Desenvolvimento do Norte, the group that runs the facility.
Fairmount Marine’s tugs, Fairmount Sherpa and Fairmount Summit, have delivered FPSO Skarv Idun to the port of Stord in Norway.
Navios Maritime Partners has picked up a further $50m from Commerzbank and DVB Bank to help pay for a double capesize purchase.
Norwegian Cruise Line today announced it plans to hike fares by as much as 10% on April 1. |
| ‘CSCL Star’, with a capacity of 14,074TEU, is the largest container vessel ever to call at the Port of Hamburg. The major volume of the Chinese trade with Europe passes through Hamburg. |
Danish shipper D/S Norden reported a slightly smaller-than-forecast drop in operating earnings for the fourth quarter, hit by weak freight rates, and said 2011 is likely to be a mediocre year.
The vessel is a follow up to the Incat Crowther-designed 79-ft catamaran scientific research catamaran under construction at the yard, and will be operated in the Gulf of Riga, Estonia.
Chinese shipbuilding company JES International has returned to black in the fourth quarter last year, reporting a net profit of CNY40.6m ($6.2m).
Shandong-based shipbuilders in China are increasingly exporting their ships in a stable pace with the new orders awarded from foreign shipowners accounting for 70% of their total orderbook of around 10m DWT.
Miami-based Royal Caribbean Cruises recently signed an agreement with German shipyard Meyer Werft to build the first vessel in a line of new generation ships.
A ship repair and engineering company which owns three shipyards in England is under new ownership.
Daewoo Shipbuilding & Marine Engineering Co., South Korea's No. 2 shipbuilder, said Wednesday that it has won a 1.2 trillion won ($1.06 billion) order to build two drill ships.
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