'Regulatory dog failed to bark' over Montara oil spill, says Ferguson

Federal Resources and Energy Minister Martin Ferguson has pasted the Northern Territory Department of Resources for poor performance over the Montara oil spill. The West Atlas oil rig, operated by Thai company PTTEP Australasia, caught fire in August 2009 and...

Posted on 11/23/2010 / 0 comments / Read More

Burleson Energy Limited First Heintschel Appraisal Well D.Truchard #1 Spudded

Burleson Energy Limited is pleased to advise that the D.Truchard #1 well, the first appraisal well on the broader Heintschel structure, has been spudded using the Big 6 drilling rig. The D.Truchard #1 well is located some 2.9 km from the Heintschel #1 well location...

Posted on 11/23/2010 / 0 comments / Read More

Australia: Santos and Apache Energy Pen Gas Agreement

Santos has signed a deal with Texan company Apache Energy to produce gas from the Halyard and Spar fields offshore from Western Australia. Australia’s third largest gas producer said the deal with Apache would usher in a significant new addition to the WA gas...

Posted on 11/23/2010 / 0 comments / Read More

Gulf Island Fabrication, Inc. Signs a Contract for the Fabrication and Integration of Topsides on a Deep-Water Gulf of Mexico Project

Gulf Island Fabrication, Inc. announced today that, through its subsidiary Gulf Marine Fabricators, L.P., it has signed a contract for the fabrication and integration of the topsides on a deep-water Gulf of Mexico project. This is the same project associated with...

Posted on 11/23/2010 / 0 comments / Read More

Weather slows efforts to stop ND oil well leak

Winter weather is hampering efforts by crews to stop an oil well leak in northwest North Dakota, but officials said Tuesday the delay should not affect containment or cleanup of the spill. The Whiting Petroleum Corp. well 8 miles northwest of New Town was shut down over the weekend after a valve near...

Posted on 11/23/2010 / 0 comments / Read More

Gazprom confirms interest in Israel

Russian's OAO Gazprom has confirmed reports that it is planning to enter Israel's offshore oil and gas exploration industry. "We are carefully looking at this opportunity" Gazprom deputy chief executive Alexander Medvedev told reporters at a EU-Russia energy conference...

Posted on 11/23/2010 / 0 comments / Read More

Noble Energy ‘Likely’ Will Exit Ecuador With New Law

Noble Energy Inc. said it will “most likely” leave Ecuador rather than submit to contract changes intended to increase the government’s share of profits from oil and natural-gas wells. Noble “has been in discussions with the state on the future of the assets which most likely will lead” to the exit,...

Posted on 11/23/2010 / 0 comments / Read More

Line 6B to resume operations by Wednesday, Enbridge oil pipeline shut down to check, repair anomalies

Enbridge Inc. said  operations on its Line 6B oil pipeline in the U.S. will resume by mid-week after anomalies discovered on the line forced the energy giant to shut down operations last week. The weeklong closure of the 290,000 barrel per day line will be...

Posted on 11/23/2010 / 0 comments / Read More

Pennsylvania Regulators To Cite XTO Energy For Fracking Fluid Spill

Pennsylvania regulators say they plan to issue a notice of violation citing XTO Energy for a natural gas drilling-fluid spill that polluted a stream last week. The Pennsylvania Department of Environmental Protection, or DEP, said Monday that it is continuing to investigate an estimated 13,000-gallon...

Posted on 11/23/2010 / 0 comments / Read More

DryShips Inc. Secures Option to Construct up to Four Ultra Deepwater Drillships

DryShips Inc., a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced today that it has entered into an agreement with a major South Korean shipyard, for the option to construct up to four...

Posted on 11/23/2010 / 0 comments / Read More

Tourmaline Oil Corp. Announces Closing of $228 Million Initial Public Offering

Tourmaline Oil Corp. is pleased to announce that it has closed its initial public offering of 10,000,000 common shares at a price of $21.00 per share. Concurrent with the closing of the initial public offering, Michael L. Rose and Robert N. Yurkovich, directors and senior officers of Tourmaline, purchased...

Posted on 11/23/2010 / 0 comments / Read More

Ecuador reaches deal with most oil companies

Petrobras, Brazil’s national oil company, was the only major foreign oil company holding out on a new contract with Ecuador on Tuesday night, paving the way for a possible exit from the Andean nation. Repsol of Spain, Eni of Italy, Andes Petroleum and PetroOriental...

Posted on 11/23/2010 / 0 comments / Read More

Six firms eye Sao Tome oil blocks, majors stay away

Six firms will compete for rights to explore for oil in Sao Tome and Principe's exclusive offshore zone but oil majors were absent from the list despite the country's oil agency previously saying they were interested. The tiny island nation is hoping to join neighbours who have struck oil in the...

Posted on 11/23/2010 / 0 comments / Read More

Endeavour Enters Into Agreement to Purchase a 20% Interest in UK Bacchus Development

Endeavour International Corporation today announces that its wholly owned subsidiary Endeavour Energy UK Ltd. has signed a definitive agreement to acquire an additional 20% working interest in the North Sea Bacchus development. This transaction represents a purchase of 3.5 million barrels of oil reserves...

Posted on 11/23/2010 / 0 comments / Read More

KOC sees north fields output at 820,000 bpd

The production capacity of Kuwait's northern oil fields will soon rise to 820,000 barrels per day, state news agency Kuna quoted a senior oil industry executive as saying on Tuesday. Sami al-Rushaid, chairman of the state explorer Kuwait Oil Company (KOC),...

Posted on 11/23/2010 / 0 comments / Read More

Highlights of Chinese premier's activities in Russia

Chinese Premier Wen Jiabao arrived in St. Petersburg of Russia Monday evening, kicking off his two-day official visit to the country, where he is expected to exchange views on further deepening and expanding China-Russia ties. The following are highlights of Chinese...

Posted on 11/23/2010 / 0 comments / Read More

KOGAS says LNG terminals unaffected by conflict

South Korean liquefied natural gas (LNG) terminals located near an island hit by North Korean shells on Tuesday have not been affected by the incident, state-run Korea Gas Corp (KOGAS) said. [Read more] Source: Futurespro...

Posted on 11/23/2010 / 0 comments / Read More

Expro wins subsea controls contract for Laggan-Tormore gas field development

International oilfield service company Expro has secured a £1.9million (US $3 million) contract with FMC Kongsberg to supply connector systems to the Laggan-Tormore gas field development, 125 miles West of Shetland.  Expro’s Connectors & Measurements team will supply the 5kV connector systems...

Posted on 11/23/2010 / 0 comments / Read More

Nigerian militants claim attack on oil pipeline

LAGOS, NIGERIA A militant group claims to have attacked an oil pipeline in Nigeria that transports crude to the Warri oil refinery in the restive delta. A statement sent Tuesday by the Movement for the Emancipation of the Niger Delta says the group destroyed the...

Posted on 11/23/2010 / 0 comments / Read More

Seadrill secures contract extension for West Pelaut in Brunei

Seadrill has been awarded a new contract extension by Brunei Shell Petroleum for the semi-tender assist rig West Pelaut. The production drilling assignment has a firm duration of three years, and the contract value is estimated to approximately US$131 million. The new contract is scheduled to start...

Posted on 11/23/2010 / 0 comments / Read More

Suspected pirates arrested

THE SEYCHELLES Coast Guard has arrested 16 suspected pirates in two operations, EU NAVFOR reported today. [Read More] Source: Safety at ...

Posted on 11/23/2010 / 0 comments / Read More

Lines seek $400 box rate increase on transpac

Oakland: Container lines are aiming for a $400 per feu increase on the transpacific trade next year. Members of the Transpacific Stabilization Agreement are seeking a $400 per increase from 1 may for shipments from Asia to the US West Coast and $600 per feu for all other cargo. [Read More] Source: Seatrade...

Posted on 11/23/2010 / 0 comments / Read More

APL offers Cambodia shippers Viet trucking option

Singapore: APL is beefing up its connections to its mainline calls in Vietnam with a new cross border trucking service to Phnom Penh. The new service will link the Cambodian capital with Cai Mep in Vietnam by road and according to APL Logistics will offer a later cut off time for shippers from its container...

Posted on 11/23/2010 / 0 comments / Read More

Heavy-lift Carrier Operating Six Semi-Liner Services

Beluga Shipping has this year begun semi-liner services on routes with a high frequency of tramp voyages due to strong regional demand or long-term contracts. [Read More] Source: Break B...

Posted on 11/23/2010 / 0 comments / Read More

Extra slow steaming could soon reach limit

The recent rise of fuel prices (to almost $500/tonne) and the availability of surplus ships, freed up by winter capacity adjustments, have provided the impetus for carriers to bring additional loops to extra slow steaming (ESS). [Read More] Source: Motors...

Posted on 11/23/2010 / 0 comments / Read More

Shipping Corp buying 29 ships for Rs6,000 crore

The Shipping Corporation of India (SCI), which is coming up with a follow-on public offer (FPO) opening November 30, plans to invest `6,000 crore for acquisition of 29 ships by 2012. [Read More] Source: Daily News & Analy...

Posted on 11/23/2010 / 0 comments / Read More

East Africa: Piracy Threatens to Increase Price of East Africa Imports

East Africa's imported goods could cost more if the UN declares the Western India Ocean region a war-risk zone in response to piracy attacks that have affected more than 40 vessels in the last two months. [Read More] Source: all Africa....

Posted on 11/23/2010 / 0 comments / Read More

Govt 'Underestimates' Somali Piracy Threat

Senior British commanders and other sources in the Ministry of Defence are warning that the Government is underestimating the threat posed by Somali pirates. [Read More] Source: sky n...

Posted on 11/23/2010 / 0 comments / Read More

Strong demand for crude will be key for 2011 tanker market: report

A major question that remains in the tanker market for next year is whether the over-investment in buying new tankers will see a strong demand for crude cargoes, ship brokers Poten & Partners said in a report released over the weekend. [Read More] Source:...

Posted on 11/23/2010 / 0 comments / Read More

Asia Pacific alumina freight depressed by ship oversupply

The cost of freight has fallen anew for alumina and other dry cargoes on handysize ships within the Asia Pacific, dragged by a confluence of idle ships in Southeast Asia and the east and west coasts of India, sources said this week. [Read More] Source: pla...

Posted on 11/23/2010 / 0 comments / Read More

Pirates Injure Russian Sailor

A Russian crew member of the NS Spirit oil tanker was wounded late Sunday in an attack by pirates off the coast of Nigeria, the vessel’s owner, the shipping company Novoship, said in a statement. [Read More] Source: The Moscow Ti...

Posted on 11/23/2010 / 0 comments / Read More

Hadrian's Yard ship-building site to be transformed into £150m oil platform for Apache

Work will begin again at Newcastle's historic Hadrian's Yard, after an engineering company said it will construct a £150m North Sea oil platform at the old ship-building site. [Read More] Source: The Telegr...

Posted on 11/23/2010 / 0 comments / Read More

Carnival Cruise Ship Death Investigated

The Carnival Liberty cruise ship has returned to South Florida after a 36-year-old female passenger was found unconscious in her cabin. Medical aide tended her on the cruise ship, but she was pronounced dead 2 hours later. The cruise was headed to St. Thomas at the time of the incident. [Read More] Source:...

Posted on 11/23/2010 / 0 comments / Read More

S. Korea Halts Passenger Ships Near Shelled Island

South Korea halted passenger-ship operations off its western coast near Yeonpyeong Island after artillery shelling by North Korea. [Read More] Source: Bloomb...

Posted on 11/23/2010 / 0 comments / Read More

Koreas in border artillery clash

South Korea says it has returned fire after North Korea fired dozens of artillery shells at one of its border islands, killing two marines. [Read More] Source: BBC N...

Posted on 11/23/2010 / 0 comments / Read More

North Korea shells South in fiercest attack in decades

North Korea on Tuesday fired dozens of artillery shells at a South Korean island, killing two soldiers and setting dozens of houses ablaze, in one of the heaviest attacks on its neighbor since the Korean War ended in 1953. [Read More] Source: Reut...

Posted on 11/23/2010 / 0 comments / Read More

China Shipping to order 4+2 bulkers

China Shipping Development Company Limited, which is subsidiary company of China Shipping Group, announced last Friday that they intended to order four 180,000dwt bulk carriers, totaling $220m. [Read More] Source: Asia...

Posted on 11/23/2010 / 0 comments / Read More

STX signs $240 mil. vessel deal with India

STX Dalian Shipyard, a subsidiary of STX Group, said Tuesday it has signed a $240 million contract with the state-owned Shipping Corp. of India (SCI) to build three containerships. [Read More] Source: Korea Ti...

Posted on 11/23/2010 / 0 comments / Read More

Bharati Shipyard plans to acquire majority stake in Tebma

Private sector shipbuilder Bharati Shipyard plans to acquire majority stake in south India-based Tebma Shipyards for 757.5 million rupees, it said in a statement late on Monday. [Read More] Source: Economic Ti...

Posted on 11/23/2010 / 0 comments / Read More

Vinashin’s Subsidiary Use Finnish Engines

The Ha Long Shipbuilding Company on November 21 began the building of two 47,500-tonnage cargo ships for the Vietnam National Shipping Lines (Vinalines). The ships are the largest ever to be built by the Ha Long Company, which is a subsidiary of the Vietnam Shipbuilding...

Posted on 11/23/2010 / 0 comments / Read More

Vietnam government refuses to pay state-owned shipbuilders' debts

Hanoi - The Vietnamese government on Tuesday refused to pay the debts of troubled state-owned Vietnam Shipbuilding Industry Group (Vinashin). [Read More] Source: m&am...

Posted on 11/23/2010 / 0 comments / Read More