Dresser-Rand Selected to Supply More Than $250 Million of Compression and Power Generation Equipment for Five Offshore Projects

Dresser-Rand Group Inc., a global supplier of rotating equipment and aftermarket parts and services, has been awarded over the past thirty days, compression and power generation equipment worth approximately $250 million in advanced turbomachinery for five major offshore projects. They involve a floating,...

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Petrobras Hereby Announces The Start Up Of The Extended Well Test In Guará

Petrobras hereby announces the start up of the Extended Well Test (EWT) in the Guará area, which occurred on December 25, in the pre-salt layer of Santos Basin. The EWT is producing through the well SPS-55, using the FDSPO Dynamic Producer platform, and is expected...

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Iraq targets oil exports of 2 million b/d in January

Iraq's newly appointed oil minister, Abdul Karim al-Luaibi, said Monday that Iraq had raised its oil production to 2.6 million b/d having previously reported output at 2.5 million b/d. Exports were running at 1.9 million b/d but are set to rise to 2 million b/d...

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Mikhail Khodorkovsky found guilty in second trial

Former oil tycoon Mikhail Khodorkovsky and his business partner Platon Lebedev were declared guilty at the culmination of their second new trial in Moscow's Khamovniki Court on Monday.[Read more]Source: RIA Novo...

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Sinopec plans 6 bcm gas capacity in Yuanba by 2015

China Petrochemical Corp plans to build 6 billion cubic metres of annual natural gas production capacity in the Yuanba gas field in southwestern Sichuan by end-2015, equivalent to half of its largest field, Puguang. [Read more] Source: Reut...

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Shell, Petrochina invite tenders for Curtis Island CSG-LNG project

A joint venture of Royal Dutch Shell PLC and Petrochina has invited tenders for the front-end engineering and design (FEED) phase of its proposed CSG-LNG project at Curtis Island near Gladstone in Queensland.  Invitations to tender were sent to four Australian and international consortia. The four...

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Marcellus play to get gas plant

Magnum Hunter Resources Corp., Houston, announced earlier this month that it will build a 200-MMcfd cryogenic natural gas processing plant to serve production moved on its Eureka Hunter pipeline in northwestern West Virginia. A company spokesman declined to pinpoint...

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MIS SIGNS MOU WITH KAVIN ENGINEERING

UAE-based MIS Group (Maritime Industrial Services), a diversified engineering and contracting group focused on the energy sector, announces the signing of a Memorandum of Understanding (MOU) with Kavin Engineering and Services Private Limited, India (Kavin) to...

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MODEC Announces Successful First Oil for FPSO Kwame Nkrumah MV21

MODEC announces another outstanding milestone for the FPSO Kwame Nkrumah MV21 (Jubilee FPSO) with the official First Oil Ceremony. On November 28, 2010, the FPSO Kwame Nkrumah MV21 achieved commissioning of first oil offshore Ghana. The J-02 well opened at 15:45...

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Technips Apache II Vessel to Install Stell Flowline in Deepwater, Ghana

According to Seabrokers, Technip’s new pipelay vessel Apache II is to install a 14 km rigid steel flowline in deepwater 60 km offshore Ghana. The operation which is due to commence before year end is part of a lumpsum contract awarded by Ghana National Petroleum...

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Modiin Energy begins 3D seismic survey off Hadera coast

Modiin Energy LP has begun a 3D seismic survey of its offshore Yam Hadera license. The survey will examine a 485-square kilometer area and take three weeks at a cost of $4.4 million. The company estimates that eight months will be needed to analyze the results. [Read...

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PROSEP PURSUES JOINT DEVELOPMENT OF PROPRIETARY GAS DEHYDRATION TECHNOLOGY

ProSep Inc., dedicated to providing process solutions to the oil and gas industry, announces it was awarded additional funding to pursue the development of its proprietary gas dehydration technology "ProDry" under a Joint Industry Project (JIP) carried-out with Total, Statoil and ConocoPhillips. The...

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US co ATP agrees deal to buy Myra, Sarah stakes

Sources inform ''Globes'' that ATP Oil & Gas Corporation has reached an initial agreement to acquire 30% of the offshore Myra and Sarah licenses and 50% of the Daniel license and Shimshon permit. No deal will actually be signed until after the Sheshinksi committee releases its final recommendations...

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Magellan Petroleum Corporation Announces Young Energy Prize S.A. Commitment and Extension Of Evans Shoal Agreement

Magellan Petroleum Corporation has received and accepted a legally binding commitment from its largest shareholder, Young Energy Prize s.a. (YEP), to provide the necessary funds required for MPET's wholly-owned Australian subsidiary to close out the acquisition...

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Acergy S.A. and Subsea 7 Inc. Combination Schedule

Acergy S.A. On September 23, 2010 Acergy S.A. and Subsea 7 Inc. submitted a notification to the UK Office of Fair Trading (OFT) regarding the parties proposed merger. The OFT announced on December 21, 2010 that it is considering undertakings from the parties in lieu of referring the proposed merger...

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Panama Canal Expansion: Cables Reveal US Efforts to Prevent Sacyr From Winning the Bid

Cablegrams released by WikiLeaks reveal that the US State Department tried to prevent the Spanish construction company Sacyr from winning a contract to extend the Panama Canal. The cables reveal the State Department's efforts to secure the project for the US bidder, Bechtel. [Read More] Source: The...

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SOUTH KOREA TO STAGE FIRING DRILLS BUT AVOID BORDER

The military plans to stage live-fire drills of the coast around the Korean peninsula from December 27 to 31, the Joint Chiefs of Staff said yesterday. But the firing exercise will not be held near the tense maritime border with the North on the Yellow Sea, according...

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Illegal Entry

A ship with over 25 Pakistanis and Iraqis on board was detained on Sunday, off the coast of Lakshadweep after it entered Indian waters illegally. [Read More] Source: Ship T...

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Pirates are ready to release a German-operated tanker

Somali pirates are ready to release a German-operated tanker, the Marida Marguerite, which they have held for eight months, after they were paid $5.5 million, a pirate leader said. [Read More] Source: Ship T...

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China Shipping Development inks contracts of 5 oil carriers

China Shipping Development Co., Ltd., a marine cargo transportation service provider in the country, December 22 posted an announcement that the company and its solely owned unit China Shipping Development (Hong Kong) Marine Co., Ltd. inked USD 351.2 million contracts...

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Beluga Hochtief Offshore Jack-Up Vessel, Germany

Beluga Shipping and Hochtief Construction formed a joint venture named Beluga Hochtief Offshore in April 2010 to develop a specially designed heavy-lift jack-up vessel. The new self-propelled vessel is being built by Poland's Crist shipyard. Steel cutting for...

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France wins tender to build warships for Russia

Russian President Dmitry Medvedev told his French counterpart Nicolas Sarkozy over the phone that France has won a tender to build amphibious assault ships for Russia. The winner is a consortium comprised of French DCNS and Russia's United Shipbuilding Corporation...

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Thai cargoship hijacked on Christmas day

Bangkok: The hijacking of a Thai general cargo vessel on the early hours of Christmas day has brought the number of seafarers held captive by Somali pirates to over 600. [Read More] Source: Seatrade A...

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Magnetic Patch Prevents Flooding of Nuclear Fuel Carrier

A magnetic patch made by Miko Marine AS of Norway has been used to seal a leak in the hull of the nuclear waste freighter Puma . The Danish-flagged ship was in danger of sinking on December 18 when it experienced a leak in its engine room while sailing south along...

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Cargotec to equip four new Norwegian ferries

In November Cargotec secured an order from Gdansk Shiprepair Yard Remontowa in Poland to deliver MacGregor cargo access equipment for four 4,200gt RoPax ferries. "Efficient and reliable cargo access equipment is essential for the profitable and safe operation...

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India: Sand Dredging Ban Causes Construction Projects Delay

Thousands of construction projects across the city are being delayed and getting more expensive due to an acute shortage of sand caused by an unresolved fight between environmentalists and the government. Several developers, including Haware and Kalpataru, have...

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Oslo to take part in Environmental Ship Index

The port of Oslo in Norway is to take part in the Environmental Ship Index, according to a Port of Rotterdam press release. [Read More] Source: Port Wo...

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Somalia signs training deal with private security firm

Somalia’s fragile government said that it had signed a deal with a private security company, Saracen International, a firm that has been criticised by the US government. [Read More] Source: ...

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Somali piracy flourishes into lucrative business

Somali pirates have set up a sophisticated network of agents to negotiate and launder ransom money that has turned the seizing of ships into a lucrative business, experts say. The sea pirates use the financial hub of Dubai and Somalia's southern neighbour Kenya...

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Could this be the breakthrough in tackling shipping’s climate impact?

Shipping could become the first industry to have a global carbon dioxide reduction measure. A legislative process has been set in motion at the International Maritime Organisation (IMO) which, if approved, could see obligatory energy efficiency standards for new...

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Persian Gulf Tanker Rates Are Little Changed as Demand Slows

The cost of delivering Middle East crude to Asia, the world’s busiest route for supertankers, was little changed as demand slowed for loadings in January Charter rates for very large crude carriers, or VLCCs, on the industry’s benchmark Saudi Arabia to Japan route gained 0.3 percent to 69.54 Worldscale...

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Dry bulk carriers orderbook remains unchanged in 2010 despite flurry of newbuildings delivered

Despite 2010 being a record year in terms of dry bulk newbuilding deliveries, as of the end of the year, the orderbook has remained at the same amazing levels of a year ago. According to a report from BIMCO’s shipping analyst Peter Sand, the current orderbook...

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Dual-fuel to LNG Marine Engines – One Step Closer

Dual-fuel marine diesel engines are increasingly being fitted to new-buildings where twin benefits of negligible noxious gas emissions (thanks to squeaky-clean combustion) and  economical performance come to bear when the engine operates in LNG mode. Indeed analysts are agreed that it is only the...

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Keppel O&M bags jobs swag

Singapore's Keppel Offshore & Marine has clinched a trio of contracts totalling S$240 million (US$184.5 million). The work covers the upgrading of a floating production storage and offloading vessel, a newbuild dive support vessel, as well as the conversion of a livestock carrier. [Read More] Source:...

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NSCSA Subsidiary Purchase (2) Petrochemical Tankers

The National Shipping Company of Saudi Arabia (NSCSA) announces that the Board of Directors of The National Chemical Carriers Ltd. Co. (NCC) (one of its affiliates) agreed in their meeting held on Tuesday 21st December, 2010 to sign a contract with SLS Shipbuilding Company of South Korea to purchase...

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Daewoo Shipbuilding targets $11 billion orders in 2011

Daewoo Shipbuilding & Marine Engineering, the world’s second-largest shipbuilder, aims to secure $11 billion in orders next year, a spokesperson said on Sunday, confirming an earlier media report. [Read More] Source: News ...

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Keppel secures S$240 million worth of

Keppel Corp , the world's biggest rig maker, said on Monday its offshore & marine units have won contracts worth S$240 million ($185 million) worth for conversion and specialised shipbuilding. [Read More] Source: Reut...

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$28.5mn boost for shipbuilding industry

The booming shipbuilding industry in Bangladesh is set to get 2bn taka ($28.5mn) refinancing fund as the central bank reviews the scheme at its board meeting tomorrow. [Read More] Source: Gulf Ti...

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ATP Oil eyes exploring in Israel

ATP Oil & Gas Corp is seeking to enter Israel's growing natural gas industry, the Globes financial daily reported on its website Sunday. The newspaper said Houston-based ATP is looking to buy one-third of the rights and licence to the Mira and Sarah prospects and one-half of the rights to the Daniel...

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