China's CNOOC eyes acquisition of local coalbed firm

State-owned China National Offshore Oil Corp (CNOOC) plans to buy a 50 percent stake in China United Coalbed Methane Corp Ltd as part of plans to grow its coalbed methane business, local media said on Wednesday. [Read more] Source: Reut...

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Husky Energy, Chinese partner advance their plans for offshore gas field

Husky Energy Inc. says it has an agreement in principle with China National Offshore Oil Corp. outlining their plans for funding and operating the Liwan 3-1 deep water gas field development. The offshore gas field is one of the Calgary-based company's main development...

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Tidewater orders four Rolls-Royce designed offshore vessels

Rolls-Royce, the global power systems company, today announced that it has won an order to provide the design, propulsion systems and deck machinery for four deep water platform supply vessels.  The order from Tidewater is worth over £20 million to Rolls-Royce.   Tidewater...

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First of class semisub named

Singapore’s Sembcorp Marine’s subsidiary Jurong Shipyard is on track to deliver the ‘Atwood Osprey’, a first of its class ultra-deepwater semi-submersible drilling rig to Atwood Oceanics. [Read more] Source: The Motors...

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GSP Saturn Starts Drilling Campaign in Prinos and Epsilon Fields

GSP Saturn entered under a new contract with Energean Oil & Gas S.A., the only operator of Oil and Gas in Greece. Energean is operating the development of Prinos and South Kavala areas, where it holds a 100% interest. [Read more] Source: Offshore Energy T...

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LUNDIN PETROLEUM IS AWARDED A NEW PRODUCTION SHARING CONTRACT IN INDONESIA

The South Sokang Block covers an area of approximately 4,994 km2. The block contains a new previously unknown frontier Eocene/Oligocene basin which has been discovered by Lundin Petroleum. Lundin Petroleum holds a 60 percent interest in the block with Salamander...

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Polarcus Teams Up With Searcher Seismic Pty

Polarcus Limited  announces the signing today of a multi-client cooperation agreement with Searcher Seismic Pty. Ltd., to jointly develop and license marine 3D multi-client acquisition projects across Australia and Indonesia. The exclusive agreement is intended...

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Advent Energy to commence towing of Ocean Patriot to New Seaclem-1 location

MEC Resources has been advised that its investee company Advent Energy has received updated advice as to operational handover of the Ocean Patriot emisubmersible drilling rig. Advent Energy, through wholly owned subsidiary Asset Energy Pty Ltd, will commence towing...

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Norway: Intergrated Bridge System for Skandi Aker Vessel

Declared Norway’s Ship of the Year 2010 by Rikke Linde, Minister for Trade & Industry, at the recent SMM trade show in Hamburg last September, DOFCON ASA’s subsea service vessel, Skandi Aker, features a SAM Electronics’ NACOS 35-5 integrated navigation command...

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Argentina's YPF Announces Big Unconventional Gas Find

YPF SA, the Argentine unit of Spain's Repsol YPF SA, said Tuesday it has made a major unconventional gas find that could significantly boost Argentina's proven gas reserves. YPF has found an estimated 4.5 trillion cubic feet of unconventional gas after drilling...

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Nigeria charges Dick Cheney in bribery case

Nigeria handed down indictments today against former US Vice President Richard Cheney in a bribery case involving a subsidiary of Halliburton during the period in which Mr. Cheney was among Halliburton’s chief executives. [Read more] Source: The Christian Science...

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RWE Dea Announces Norwegian North Sea Oil Discovery

RWE Dea Norge AS, operator of production licence 420, is in the process of completing the drilling of wildcat well 35/9-6 S. The well has been drilled about 16 km west of the Gjøa field.  The primary exploration target for the well was to prove petroleum...

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W&T Offshore Provides Update Regarding Its Acquisition of Offshore Fields From Shell Offshore

W&T Offshore, Inc. announced today that Shell Offshore Inc. has informed W&T that BP Exploration & Production Inc., the operator of the Gulf of Mexico deepwater blocks Viosca Knoll 871 & 915, known as the Marlin and Dorado Fields, has elected to exercise its preferential rights to purchase...

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Vinashin Exposure May Hurt Banks, World Bank Says

Vietnam Shipbuilding Industry Group’s near-bankruptcy may lead to an increase in the non-performing loan ratios at some Vietnamese banks, the World Bank said. [Read More] Source: Bloomb...

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US inquiry into Gulf of Mexico oil spill 'blocked by BP supplier National Oilwell Varco'

The White House oil spill commission said that National Oilwell Varco is not cooperating with its requests for information. The claim came as a Halliburton technician told a Coast Guard panel that he missed data on the upcoming “blow-out” that resulted in the...

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Iran sees oil supply crisis ahead; says $100/b oil "natural"

Iran's OPEC governor said Tuesday that oil prices at $100/barrel in the short term seemed "completely natural," warning that the world faced a looming oil supply crisis because of production declines of up to 10% from producing fields. [Read more] Source: Pla...

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Antrim Acquires 50.1% Interest in the Cerro Los Leones Exploration Concession, Argentina

Antrim Energy Inc. is pleased to announce that it has entered into an agreement to acquire a 50.1% interest in and operatorship of the 307,215 acre Cerro los Leones exploration concession, located in Argentina's Neuquen Basin. [Read more] Source: Digital Jour...

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Statoil says will appeal Nigerian court ruling

Norwegian energy producer Statoil is to appeal against a Nigerian court ruling in a case brought by a local consultant who says he has not been paid. The court ruled in favour of former Statoil consultant John Abebe, who is seeking 1.5 percent of Statoil's net profit from its stake in the 240,000 barrels...

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Amarcon confirms RollDock order

Amarcon has confirmed that RollDock has ordered OCTOPUS-Onboard for its newbuild multipurpose heavy lift vessel, RollDock Sea which is due to be delivered soon. This vessel is a sister ship of RollDock Sun - pictured below - which has been in service since the...

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COSCO Corp. Inks $110 Million Deal for Three Bulk Carriers

The Board of Directors of COSCO Corporation (Singapore) Limited (the Company) wishes to announce that COSCO (Dalian) Shipyard Co. Ltd., a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co. Ltd., has secured contracts valued over USD110 million to build three (3) bulk carriers...

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Contracts on building 47 large ships concluded in Primorsky reg

Two new shipyards in Russia’s Primorsky Territory – Zvezda (Star)-DSME and Vostok (East)-Raffles that were laid down just a year ago, have already been engaged with orders for years ahead. [Read More] Source: Itar T...

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China Shipping Development orders 10 new buildings

It is reported that China Shipping Development announced over the weekend that it will build eight 48,000 DWT crude/product oil ships at Guangzhou Shipyard International. The total contract value is around $300m. [Read More] Source: Steel G...

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Hyundai Heavy to Build Korea's Largest CIGS Thin-film Soar Cell Plant

Hyundai Heavy took the first step in building Korea's biggest CIGS(copper, indium, gallium, selenide) thin-film solar cell plant. The investment agreement signed with France's Saint-Gobain and Chungcheongbuk-do is to build a 400 MW GIGS solar cell plant in Ochang...

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Sea trials for the Xiang Yun Kou

Sea trials for the COSCO's new semi-submersible heavylift vessel named Xiang Yun Kou are underway.  Delivery of the first X-Class ship is expected mid January 2011. Source: NMA Marit...

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New Director Operations & Offshore with Jumbo

As per 1st of February 2011 Mr Patrick van Eerten will join Jumbo as Director Operations & Offshore. Patrick’s broad experience started with a Nautical career with the Royal Dutch Navy followed with Design and General Management tasks at De Voogt Naval Architects....

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Liebherr crawler crane offers 3,000 tonnes lifting capacity

With its LR 13000, which is currently being tested at Liebherr-Werk Ehingen GmbH, Liebherr is extending the range of crawler cranes. The new flagship unit, with a maximum lifting capacity of 3,000 tonnes at 12 m outreach, ushers in a whole new dimension in size...

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Bulk Carrier Rescued After Being Disabled & Adrift in Bering Sea

At 12:15 AM on December 3, crew onboard the M/V GOLDEN SEAS reported to the coast guard that the vessel was adrift, in 20 foot seas 50 miles north of Adak Island. The crew reported that the turbocharger on the ship’s single propulsion engine had failed and without...

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10 sought in bulker sinking

SEARCH helicopters have rescued 14 crew members but are today seeking 10 others missing since a bulker’s weekend sinking in the Philippines. [Read More] Source: Safety at ...

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Oz cruise changes suggested

CRUISE ships operating in Australian waters will have to carry federal police if Canberra accepts recommendations for safety and security upgrades. [Read More] Source: Safety at ...

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Chongqing set to be China’s number one shipbuilding steel plate centre

Shanghai: Dong Lin, general director of Chongqing-based Chinese steelmaker Chongqing Iron and Steel Group (Chongqing Steel), has stated that the group is currently building China’s largest shipbuilding steel production base. [Read More] Source: Seatrade A...

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Doosan Engine readies IPO

Seoul: Korea's Doosan Engine submitted a stock notification to Korea Exchange and Financial Supervisory Service to undertake the procedure of initial public offering (IPO). [Read More] Source: Seatrade A...

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Ex-Olympia back to the Baltic

The former Swedish ferry Bilbao will return to the Baltic Sea in 2011. Irish Continental Group plc announces that it has entered into an agreement for the sale of the ferry to the company St Peter Line, which is registered on Cyprus. [Read More] Source: Ship...

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Danmark ready for unusual winter sailing

The Danish training ship Danmark is now preparing for an unusual winter sailing with 80 Angolan cadets on board. It’s the first time that the state-owned training ship, run by Martec at Frederikshavn, fixed an assignment in the winter season. [Read More] Source:...

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Occidental lawsuit should stay in U.S.: appeals court

Occidental Petroleum Corp must defend a lawsuit in the United States accusing the fourth largest U.S. oil company of polluting the Peruvian rainforest for nearly 30 years, a federal appeals court ruled on Monday. [Read more] Source: Reut...

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