Anadarko Announces Major Discovery Offshore Mozambique

Anadarko Petroleum Corporation today announced its third major natural gas discovery this year in the Offshore Area 1 of Mozambique's Rovuma Basin at the Lagosta prospect. The discovery well encountered a total of more than 550 net feet of natural gas pay in multiple...

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Govt to decide on Cairn-Vedanta deal by Feb-end: Oil Secretary

The government will decide on giving approval to the $9.6 billion Cairn-Vedanta deal by February-end, Oil Secretary S. Sundareshan has said on Monday. "I had earlier given a timeline of December-end (for deciding on giving approval to Vedanta Resources, buying...

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New licenses offshore Greenland

Statoil and its consortium partners – Shell and GDF Suez – have been awarded two large exploration blocks in the Baffin Bay bid round in West Greenland. Shell will be the operator of both blocks.Blocks 5 and 8, where Greenland’s national oil company Nunaoil will...

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Iran, Turkmenistan inaugurate gas pipeline

Iran's President Mahmoud Ahmadinejad and his Turkmen counterpart Gurbanguly Berdymukhamedov inaugurated on Sunday the last section of a pipeline to export Turkmen gas to northeast Iran, media reported. The leaders inaugurated the final half of the 1,000-kilometre...

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Iraq West Qurna to hit 750K barrels per day

Production from Iraq's prized West Qurna Stage 1 oil field should more than triple to 750,000 barrels a day in three years time, an oil official said Sunday. The 8.6 billion barrel field, which is being developed by a consortium grouping Exxon Mobil and Shell,...

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Nigeria detains 12 in U.S. firm bribery case

Nigeria's anti-corruption police have raided the offices of the U.S. oilfield services group Halliburton and arrested 12 people in a bribery case involving the former Halliburton unit KBR Inc, a spokesman said on Saturday.[Read more]Source: Toronto Su...

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Noble Energy Announces Notification of Termination of Production Sharing Contract Offshore Ecuador

Noble Energy, Inc. announced today that it received notice from the government of Ecuador regarding the termination of the Block 3 production sharing contract with EDC Ecuador Ltd., a subsidiary of Noble Energy. A recently enacted hydrocarbon reform bill required...

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Maersk Oil Awarded Offshore Licence in West Greenland

Maersk Oil has been awarded a licence covering Block 9 in Baffin Bay, offshore West Greenland. The frontier exploration block is 11,802 sq km - about one fourth of the total size of Denmark. Nunaoil, Greenland's national oil company, will be a partner with a 12.5%...

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Qatar Said to Call for Bids in January to Explore for Offshore Natural Gas

Qatar Petroleum, the state-run energy company in the country with the world’s third-largest gas reserves, is calling for bids for offshore exploration to be submitted early in 2011, people familiar with the auction said. Bids for rights to explore for gas off...

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BP Sells Interest in PAE to Bridas for $7.06 Billion

BP Plc, seeking to cover clean-up costs in the Gulf of Mexico, agreed to sell its 60 percent interest in Pan American Energy to Argentina-based oil and gas company Bridas Corp. Bridas will pay $7.06 billion in cash for the holding, making it the sole owner of...

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Hungary sees deal with Russia on MOL, Malev

Hungary expects to resolve outstanding issues over a Russian stake in oil and gas group MOL when the prime minister visits Moscow next month, Hungarian Foreign Minister Janos Martonyi said on Friday. "(Prime Minister Viktor Orban's) next visit will be Moscow, he will meet Prime Minister Putin to discuss...

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Final draft of Shell's Iraq gas deal in 10 days

The final draft of Iraq’s multibillion-dollar deal with Royal Dutch Shell to capture flared gas at its southern oilfields would be completed within 10 days, a senior Iraqi oil official said.  The $12 billion deal, which includes Japan’s Mitsubishi, involves...

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STERLING RESOURCES ANNOUNCES ENTRY INTO THE NETHERLANDS OFFSHORE

Sterling Resources Ltd. is pleased to announce that approval has been received from the Dutch authorities to transfer to Sterling interests in five licenses within the F-Quad and L-Quad areas offshore Netherlands. With this license transfer process completed Sterling Resources Netherlands BV will hold...

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C&C Energia halts Colombia drilling on local protests

Oil resources developer C&C Energia Ltd said on Friday it suspended production at two of its blocks in Colombia due to protests and road blockades, but talks have resumed to resolve the issue. C&C Chief Financial Officer Kenneth Hillier told Reuters that...

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BP Makes a Significant Deep Gas Discovery in Egypt's West Nile Delta

BP Egypt announced today that it has made a significant gas discovery in the Deepwater West Nile Delta area. The Hodoa discovery is located in the West Mediterranean Deepwater, Nile Delta concession, some 80 km northwest of Alexandria. The WMDW-7 well was drilled...

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South Arne Phase 3 development project approved

The South Arne Phase 3 project includes drilling, completion and stimulation of 11 new production wells, which will be produced via two new wellhead platforms to be connected to the existing South Arne production platform. Noreco's share of capital expenditures...

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Uncertainty remains on new orders

Lee Jong-hwan, a research of Shinhan Investment, revealed the investment suggestion has moved from 'neutral' to 'strong buy', in the recent shipbuilding industry report for 2011, prospecting new orders will increase by 30% compared to this year.   [Read More] Source:...

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Daewoo nears $4bn Maersk order

Korea's Daewoo Shipbuilding & Marine Engineering has reportedly been selected by Denmark's A.P. Moller - Maersk Group as a preferred bidder for the gigantic $4bn containership newbuilding project. [Read More] Source: Asia...

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Aircraft carrier HMS Invincible is put up for sale

It is an ignominious end for a ship that served in the Royal Navy from 1973 to 2005, and took part in the Falklands, Balkans and Iraq wars before being decommissioned in 2005. The Ministry of Defence is understood to be hoping to raise £2 million after they put...

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Pilot boat crews are unsung heroes of Golden Gate

Every day for 160 years and in all kinds of weather - the calm of autumn, the fog of summer, the storms of winter - stout pilot boats have cruised 11 miles at sea, ready to provide commercial ships with pilots to guide the vessels into San Francisco Bay. [Read...

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Ship charts a course for controversy as it awaits load

THE German ship that will carry 3000 tonnes of toxic waste from Orica's plant at Botany Bay to Demark is sitting off the coast of Wollongong waiting to dock. [Read More] Source: MELTON WEE...

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Maersk Near Order for 20 of Largest Container Ships Built, TradeWinds Says

A.P. Moeller-Maersk A/S is close to ordering as many as 20 of the largest container ships ever built, TradeWinds reported, without saying where it got the information. [Read More] Source: Bloomb...

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Damaged vessel in Hoogly may disrupts ship movement

A container vessel damaged five days ago in a collision with another ship in the Hooghly river in West Bengal is awaiting repair even as officials said Sunday that it might pose a threat to other ships using the channel. [Read More] Source: sify n...

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The entire Baltic Dredging fleet at Odense. Photo: Bent Mikkelsen Dredger arrested by ITF Denmark

Baltic Dredging ApS, a Danish-registered company with Swedish owners, has trouble with ITF Denmark over ten Indian seafarers signed on the Panama-flagged dredger Lesse. [Read More] Source: Ship...

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Montara report slams operator

THE OFFICIAL report into last year’s Montara oil and gas rig explosion, spill and fire off Western Australia has uncovered a litany of shortcomings. The rig’s operator, the Australian subsidiary of Thailand’s PTTEP, cut so many corners in its drilling operations...

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MARITIME TERRORISM: A NEW BREED OF TERRORISM MANIFESTATION

In today’s times, along with terrorism on land, there has been a severe increase in maritime terrorism. Maritime Terrorism can be simply defined as “any act of threat or violence against any civilian or military naval vessel, passengers, cargo and crew of the said vessel.” Also, “any marine transportation...

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US urges vigilance for ships in Gulf

WASHINGTON //An explosion on a Japanese tanker in July off the coast of Oman was a terrorist attack, according to the US department of transportation, which has urged ships in the area to exercise "increased vigilance". [Read More] Source: The Nat...

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Teenage boys survive 50 days adrift in South Pacific

Three teenage boys set adrift for 50 days in a small boat in the South Pacific survived on coconuts, a seagull they managed to catch and by drinking rain and then sea water, rescuers said on Friday. [Read More] Source: Reut...

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Antarctic nations plan tough shipping controls

Countries that manage Antarctica plan tough new controls on ships visiting the southern oceans and the fuels they use to reduce the threat of human and environmental disasters as tourist numbers rise, officials said Saturday. [Read More] Source: Associated Pr...

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Canada's Shipbuilding Industry to Design New Canadian Coast Guard Vessels

The Honourable Gail Shea, Minister of Fisheries and Oceans announced today that contracts have been awarded for the design of the Canadian Coast Guard's new offshore science vessels. Source: Press Releas...

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