WikiLeaks cables: BP suffered blowout on Azerbaijan gas platform

Striking resemblances between BP's Gulf of Mexico disaster and a little-reported giant gas leak in Azerbaijan experienced by the UK firm 18 months beforehand have emerged from leaked US embassy cables. [Read more] Source: The Guard...

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Baltic index down 27 percent since late October

The Baltic Exchange’s main sea freight index .BADI fell for a seventh straight session on Wednesday, as the market remained well supplied and European orders also dropped. The BADI, which tracks rates to ship dry commodities such as coal, iron ore, cement, grain and fertilizer, fell over a percentage...

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Cabot to pay $4.1 mln in Penn. gas contamination

Cabot Oil & Gas agreed to pay residents of the town of Dimock $4.1 million in compensation for contamination of their water wells with natural gas under a deal it made with state regulators. [Read more] Source: Reut...

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Ship buying sentiment starts to cool down as holidays approach

With Hellenic ship owners starting to ease off newbuilding orders and focusing more on the secondhand sale & purchase market, shipbrokers’ reports indicate fewer numbers of ships traded across the board, a trend which includes demolition activity as well. According to the latest weekly report from...

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Launching and Name-giving of 'Victor Horta'

The naming and launching ceremony for the 5,000m³ gravel trailer VICTOR HORTA took place on 15 December 2010 at the Verenigde Scheepswerf Heusden shipyard in Heusden, The Netherlands. IHC Merwede is building the ship for DEME Building Materials, part of the DEME...

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Remontowa to build offshore vessels for Lewek

Remontowa shipyard in poland has entered into a contract with Lewek Shipping Pte Ltd, a subsidiary of Ezra Holdings of Singapore, for the construction of two multipurpose MMC 887 CP offshore vessels. [Read More] Source: Offshore Shipping Onl...

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US government sues BP for costs of oil spill

A legal hammer-blow was delivered to the British oil giant BP yesterday after the US government sued it and several companies over this year's oil spill in the Gulf of Mexico claiming they had violated American environmental laws and must be held liable for all...

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Brazilian FPSO power orders for ABB

ABB has won several orders collectively worth $42 million to provide power supply infrastructure and equipment for several FPSOs for use in various Petrobras projects off the Brazilian coast. The orders, all booked in the third quarter of 2010, are for a number...

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Remontowa lays keels of Ezra MPSV pair

Polish shipbuilder Remontowa has laid the keels of two multipurpose platform supply vessels it is building under a contract with Lewek Shipping Pte Ltd., a subsidiary of Ezra Holdings of Singapore. The MMC 887 CP design vessels will be entirely constructed in...

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Nordic Oil and Gas Spuds New Exploration Well at Endeavour

Donald Benson, Chairman and CEO of Nordic Oil and Gas Ltd. is pleased to announce that drilling activities have now commenced in Endeavour, Saskatchewan where the first of two new exploration wells has been spud. Drilling is expected to take approximately four to five days to complete. This is the first...

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Lexaria Corp. Announces Two Successful Oil Wells and Record High Oil Production

Lexaria Corp. is very pleased to announce successful oil production from two new wells drilled this season at Belmont Lake Oil Field, Mississippi. The 12-4 oil well began producing oil on October 21 and produced an average of 200.4 barrels per day for the first ten days of production, significantly...

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Brigham Exploration Completes Five High Rate Wells At Williston Basin

Brigham Exploration, a Texas-based energy exploration company, announced today it has completed five wells in the Williston Basin with an early 24-hour peak flow back rate averaging 3,085 barrels of oil equivalent (boe). [Read more] Source: Proactive Invest...

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OIL AND GAS SPENDING TO RISE

Oil and gas services sector to see 2011 boost. Exploration and production (E&P) spending in the United States is expected to rise by 8.1 percent to $93.6 billion, while Canadian budgets are estimated to increase by 4.8 percent to $32.6 billion, according to...

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Toreador Plans to Drill in Paris Basin for Shale Oil Starting Next Month

Toreador Resources Corp. hired a rig and plans to drill its first well as early as next month in the Paris Basin east of the French capital in its exploration campaign for shale oil with Hess Corp. “Is there oil under the Eiffel Tower? The answer is yes,” Toreador...

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BP suspends work on oil platform in Azerbaijan due to technical security

BP, the operator of the Azeri-Chirag-Guneshli bloc of fields in the Azerbaijani sector of the Caspian Sea has stopped producing light oil from the platform at the Chirag Field, BP Azerbaijan told Trend today. The work conducted on the platform was stopped on Saturday. [Read more] Source: Tr...

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Italy's Sorgenia buys into Polish shale gas

Sorgenia, the Italian energy company owned by holding company CIR SpA, has bought a a nearly 27 percent stake in a joint venture for the exploration of shale gas in Poland, a CIR spokesman said on Wednesday. [Read more] Source: Reut...

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A/S Norske Shell Extends $253 Million Maintenance and Modification Contract with Aker Solutions

A/S Norske Shell has decided to extend the maintenance and modification contract with Aker Solutions, exercising a 2 year option in the existing agreement for the Draugen (photo) and Ormen Lange fields. Work under the new option will last until December 2012....

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Kosmos Energy celebrates first oil from $3.3B Jubilee field offshore West Africa

Kosmos Energy announces that the company has inaugurated oil production from its $3.3 billion world-class Jubilee Field development offshore the Republic of Ghana. Kosmos and its partners are participating in a formal celebration to commemorate first oil hosted...

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Statoil: Kristin, Tyrihans production stopped in Norwegian Sea

In connection with a routine inspection of the Kristin platform in the Norwegian Sea at the end of last week, a high temperature was discovered on the outside of an exhaust duct on one of the gas turbines.  The temperature was higher than considered acceptable...

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Greece: Energean Oil & Gas Starts New Drilling Operations at Prinos Field

Energean Oil & Gas announces the inauguration of the new drilling operations in the Prinos oil field, aiming to increase oil production to 5,000 bbls/day, in accordance with the company’s “Prinos5000” project. The project was officially inaugurated in an opening...

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BG Group makes deepwater gas discovery offshore China

BG Group announced a discovery on Block 64/11 offshore China after the Lingshui 22-1-1 exploration well encountered gas-bearing sands.  The well, the first drilled by BG Group in China, is in the deepwater Qiongdongnan Basin in the South China Sea, approximately...

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Tab Oil:ZOLA-1 WELL DRILLING UPDATE

Tap Oil Limited (ASX Code: TAP) provides the following update on the Zola-1 exploration well, offshore Carnarvon Basin, Western Australia. Location / Proposed Depth The Zola-1 well is located in permit WA-290-P, immediately south of the giant Gorgon gas field...

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Ghana turns on the oil tap

Towards the end of the morning on Wednesday, Ghanaians will be able to turn on the television and watch their country become the world’s newest oil producer. The prospect is filling Ghanaian hearts with “euphoria”, according to the state broadcaster, but there...

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Daewoo Shipbuilding wins $1.3 bln deal

South Korea's Daewoo Shipbuilding and Marine Engineering (042660.KS), the world's second-largest shipbuilder, said on Thursday it had won a $1.3 billion deal from Chevron Corp (CVX.N) to build an offshore platform which for Australia. Daewoo said in a statement that the platform will be delivered in...

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Bounty Oil And Gas NL Spudding Progress Report On The New Seaclem 1 Well In PEP 11

Bounty Oil & Gas NL  is pleased to announce progress report on the New Seaclem 1 well in PEP 11. The well was spudded at 00.00 hours AEDST 15 December 2010 and has drilled the 9 7/8″ pilot hole to 310.5 metres BRT. Current operations: Preparing to open...

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Amberjack to install Jack, St. Malo 136-mile oil export pipeline

Amberjack Pipeline Company LLC, a joint venture between Chevron Pipe Line Company and Shell Pipeline Company LP, today announced approval to install a 136-mile (219 km), 24-inch (61 cm) crude oil pipeline from the Jack and St. Malo fields in the deepwater U.S....

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Colfax expands pump monitoring range

Colfax Corporation has expanded its SmartSense intelligent pump monitoring line to include the new SmartSense pulse. Measuring only 2.4 inches long, 1.6 inches wide and 1.3 inches deep, the pulse easily fits near the bearing on a pump to gauge temperature and...

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Brazil university unveils new dive support vessel

A 25-metre aluminium dive support vessel, designed by the Federal University of Rio de Janeiro, has recently been unveiled. The vessel has been designed to optimise fuel consumption at cruise speed, at a fully loaded displacement of 100 tonnes.[Read more]Source:...

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UK: Industry Elite Join Global Taskforce to Shape the Future of Shipping

An ambitious global taskforce charting a course to a sustainable future for the shipping industry received a major boost today with the announcement of six elite new members. The Sustainable Shipping Initiative (SSI) is joined by: Cargill, which runs a charter...

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Aker Solutions wins construction contract for pipe mill process building in US

V & M TWO, LLC, of Youngstown, Ohio has awarded Aker Construction, Inc., a subsidiary of Aker Solutions, a contract for the construction of a pipe mill process building in Ohio, US.   The contract for fabrication, supply and installation of materials...

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Safety board took entry in the hearing of oil spill

The first hearing of the chemical safety board will start today on the Deepwater Horizon oil spill. The board plans to examine the process in which other countries regulate offshore drillings. It also aims to learn the firsthand accounts of the disaster from the...

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27 asylum seekers die as boat sinks off Australia

A wooden boat packed with asylum seekers smashed against jagged rocks in a storm off an Australian island Wednesday, flinging terrified occupants into churning waters and killing at least 27 people. [Read More] Source: Fox N...

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No survivor found in the new South Korean trawler that sank in Antarctica

Rescuers failed to find any survivor in the South Korean trawler that sank in the Antarctic, said the Royal New Zealand Navy on Tuesday. Seventeen crew members were on the trawler in sung No. 1 and they are missing. They are presumed to be dead. [Read More] Source: seek 4 me...

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Greek ship escapes pirate attack off coast of Oman

A Greek ship narrowly escaped being hijacked by Somali pirates in two attempted takeovers just off the coast of Oman, Arabian Business had learned. Four armed pirates attacked the ship approximately 500 nautical miles of the North East of Salalah on Friday, Marine...

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Brazilian FPSO power orders for ABB

ABB has won several orders collectively worth $42 million to provide power supply infrastructure and equipment for several FPSOs for use in various Petrobras projects off the Brazilian coast. [Read More] Source: Motors...

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Fire inquiry finds faults

AN INQUIRY into an AHTS fire in Australia has uncovered serious deficiencies that were missed by the flag state, classification society, managers and crew. The Marshall Islands-flagged anchor-handling tug supply vessel Petra Frontier was completed in China in 2008. It was being operated by Petra Marine...

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NYK links with Vinalines

Tokyo: Nippon Yusen Kaisha (NYK) and Vinalines Container Shipping Company (VCSC) will launch a new joint service, the Thailand-Vietnam-Singapore (TVS) service, at the end of December. [Read More] Source: seatrade Asi...

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Hyundai Group submits documents in battle to take over construction firm

Hyundai Group submitted more documents yesterday just ahead of a deadline to clear up suspicions about the conditions of a loan to help finance its takeover of Hyundai Engineering & Construction. [Read More] Source: seatrade A...

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SSI attracts new members

Sustainable Shipping Initative, SSI, working for a sustainable future for the shipping industry has attracted six new members: Wärtsilä, Daewoo Shipbuilding & Marine Engineering, Rio Tinto Marine, RSA, Tsakos Energy Navigation och Cargill. [Read More] Source: ship...

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Colombian Electric Company Dredges for More Power

Last week DSC Dredge LLC welcomed two guests from Colombia, Nestor Fabio Osorio of Buceo Industrail y Dragados de Urabá, S.A.S and Julian Lopez Palacio of CHEC. Both visited the company to inspect CHEC’s newly purchased 10” Wolverine class dredge, which will be...

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Demen Introduces Its New Compact Stan Tug Series Stan Tug Family Grows to 11 Vessel Designs

Dutch shipbuilding company Damen has launched a new Compact Stan Tug Series. With more than 40 years experience and expertise behind the three tug types, (the Stan Launch 804, Stan Tug 1004 and Stan Tug 1205), the vessels are designed to be strong, highly manoeuvrable...

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Use media to combat piracy, says Anglo-Eastern CEO

The release of Paul and Rachel Chandler from their 12-month captivity in Somalia after being captured by Somali pirates is welcome news, says Anglo-Eastern CEO, Peter Cremers. However, the enthusiastic media response to their release hides the many hundreds of other piracy related cases. [Read More] Source:...

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Italian container ship sinks off Egypt's coast but crew is safe

An Italian container ship has sunk off Egypt's coast but its crew was rescued during an operation to pull it to safety after it broke down in rough weather, Egypt's news agency MENA reported on Tuesday. The Jolly Amaranto, with a crew of 16 Italians and five Romanians...

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Largest Baltic shipbuilder BLRT sees rising demand for 2011

BLRT Grupp, the biggest Baltic shipbuilder, plans to boost revenue as demand to replace aging fishing fleets rises and the offshore wind and drilling business picks up, Chairman Fyodor Berman said to Bloomberg in an interview, as BBN/LETA reports, referring to...

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STX Offshore wins US$912 mln order for 20 cargo carriers

STX Offshore & Shipbuilding Co., a South Korean shipbuilder, said Tuesday that it has won a US$912 million order to build 20 cargo carriers. [Read More] Source: Trading Mark...

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Japanese Ship Attacked Off Somalia

A Japanese chemical tanker was attacked by unknown gunmen late Monday off the coast of Somalia. [Read More] Source: arir...

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Daewoo Shipbuilding Stock Gains on $1 Billion Asian Contract for Warships

Daewoo Shipbuilding & Marine Engineering Co., the world’s second-biggest shipyard, rose to the highest in more than two years in Seoul trading after announcing it received an order worth $1 billion. [Read More] Source: Bloomb...

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Shipbuilders Win Major Orders

Korean shipbuilders clinched a series of major deals worth nearly US$1 billion and more in recent days. [Read More] Source: Chosuni...

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