Alberta oilsands blast injures four

Four people were injured in a fire Thursday at Canadian Natural Resources Ltd. Horizon Oil Sands site north of Fort McMurray, Alta. Three of the four injured were transported to hospital in Fort McMurray in stable condition. [Read more] Source: Toronto ...

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Salamander Energy: Gulf of Thailand drilling delayed because Ocean Sovereign jackup detained

Salamander Energy reports that the Ocean Sovereign jackup rig, contracted for the B8/38 drilling campaign, is currently held up in Johor, Malaysia, while the rig's owner, Diamond Offshore , completes its foreign business license paperwork to allow entry into Thai waters.  Once these administrative...

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4 Chinese killed in cargo ship fire off S.Korean coast: Chinese consular officials

Four Chinese were killed in a fire on a Cambodia-flagged cargo ship off South Korea's southeastern coast, Chinese consular officials told Xinhua Friday. The fire broke out on the ship at around 6:50 a.m. Friday (2150 GMT Thursday) when the 1,412-ton Yunxing was...

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Gulf oil spill study's surprising find: bacteria ate methane in three months

A new report is offering a potentially remarkable answer to one of the questions that vexed scientists during the Deepwater Horizon blowout last year. As oil and methane were pouring into the Gulf of Mexico from April to July, scientists sought to understand how...

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Chesapeake Energy cuts back natural gas production growth

The leading natural gas producer in the US Chesapeake Energy reported today that the independent firm will reduce its two-year production growth goal for 2011 and 2012 by 15 percent. All the while, Chesapeake reported proved reserves of 16.9 trillion cubic feet...

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Pioneer Natural Resources to ramp up drilling in the Spraberry, Eagle Ford Shale

With the sale of its oil-producing Tunisian assets to OMV, Pioneer Natural Resources is reinvesting the $866 million in generated capital in its onshore US exploration and production ventures, namely the Spraberry and Eagle Ford Shale. The company plans to substantially increase the number of rigs drilling...

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SandRidge Energy, Inc. Announces Closing of Wolfberry Asset Sale for $155 Million

SandRidge Energy, Inc. today announced that it has closed the sale of its Wolfberry assets in the Permian Basin to a private party for cash proceeds of $155 million. The divested properties are producing approximately 1,600 Boe/d and had estimated proved reserves...

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National Oil Spill Commission Blames Risky Decisions For BP Well Blowout

The National Oil Spill Commission revealed Wednesday that the primary cause for the blowout at British energy giant BP Plc's Macondo well was due to a risky decisions and a failure of management at BP and its contractors Halliburton Co., and Transocean Ltd.. The...

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KCA DEUTAG Wins Flagship Six-rig Contract in Caspian Region for BP

KCA DEUTAG, the leading international drilling and engineering contractor, has been awarded a flagship six-rig contract by BP as operator of the Azeri-Chirag-Gunashli and Shah Deniz fields in the Azerbaijan sector of the Caspian Sea, to manage all of BP-operated platform drilling assets in the Caspian...

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Statoil Plans Norwegian Shelf Projects Modifications Worth $1,5 Billion

Statoil has planned 990 modification projects on the Norwegian continental shelf in 2011, with a price tag totalling NOK 9 billion (Approximately USD$1,52 bln). The modifications will improve health, safety and the environment (HSE) – as well as earnings from...

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Apache Commences Production From Balboa (East Breaks 597), Its First Operated Deepwater Development in the Gulf of Mexico

Apache Corporation today announced that hydrocarbon production has begun at its Balboa Field, located on East Breaks Block 597.  Initial gross flow rates have stabilized at approximately 30 million cubic feet of natural gas and 1,400 barrels of oil per day....

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Total discovers gas, condensate at Edradour in the waters West of Shetland

French producer Total has made a new gas and condensate discovery in the West of Shetland on the United Kingdom Continental Shelf, close to the currently under development Laggan and Tormore fields.  The Edradour exploration well lies in block 206/4, approximately...

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Crew uses citadel to repel pirates

Suspected Somali pirates boarded a British-flagged tanker, but abandoned the siege after the crew locked themselves in a safe room and retained control of the vessel, a naval task force said Tuesday. [Read More] Source: Safety4...

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$3.65M in damages agreed in SF Bay spill

TWO SHIP management companies have reportedly agreed to pay $3.65M in damages in a class-action lawsuit resulting from the 2007 Cosco Busan oil spill. Money from the settlement by Fleet Management and Regal Stone, announced yesterday, will be spread across 120...

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ISRO wants ban lifted

MALAYSIA's ISRO Shipping is reportedly demanding action by its government to get Brunei to lift its yearlong ban on ISRO’s three ferries from docking at Muara. Brunei’s reason for the ban of Duta Muhibbah 2, Duta Muhibbah 3 and Rajawali was that the ships lack valid safety certificates; the three express...

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An Somali pirate apologised to a German sea captain for hijacking

An alleged Somali pirate apologised Wednesday to a German sea captain for hijacking his freighter last year. Dutch sailors overpowered 10 pirates on the German container ship Taipan on April 5 and later sent the men to Hamburg in Germany to stand trial. The Taipan’s captain, 69-year-old Dierk Eggers,...

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Entek Energy Reports Gulf of Mexico Gas Discovery

Entek Energy Limited announces that it's GA A133 well in the Gulf of Mexico is now being temporarily suspended, awaiting tie in to production, after intersecting around 200 feet of net gas pay during drilling (equivalent to the most-likely pre-drill interpretation)....

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People And Pirates

The needs of seafarers and their families during piracy hostage situations were brought into sharp focus at two major events in the Philipines capital, Manila towards the end of last year. [Read More] Source: Shipt...

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OGX Announces the Presence of Hydrocarbons in Well 1-MRK-3/4P-RJS in the Campos Basin

OGX Petróleo e Gás Participações S.A. (“OGX”), theBrazilian oil and gascompanyresponsible forthe largest private sector exploratory campaign in Brazil, announced today the presence of hydrocarbons in the Santonian, Albian and Aptian sections of exploration well 1-MRK-3/4P-RJS, which is located in...

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Reef Subsea AS acquires S3, Specialist Subsea Services Ltd, based in Aberdeen, Scotland

Reef Subsea AS announced today that they have acquired the Norwegian company EXS Subsea AS that owns 80% in S3, Specialist Subsea Services Ltd., based in Aberdeen, Scotland. Registered in 2007, S3 specializes in the provision of offshore survey, positioning and...

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AsherXino Corporation Negotiating With Large Oil and Gas Company to Farm Out Drilling Program on Its Nigeria Offshore Block OPL

AsherXino Corporation today announced that it is negotiating with a large oil and gas company on a partial farm out of AsherXino's Oil Prospecting License (OPL) 2012 offshore of Nigeria. Details of the proposed farm out were not disclosed. AsherXino is an oil...

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Disney Dream Takes "Happiest Place on Earth" to the Seas

Disney Cruise Line’s newest ship arrived at Port Canaveral Tuesday after traveling 6,500 miles across the Atlantic Ocean from a ship yard in Bremerhaven, Germany. The $900 million vessel is the third ship for the Disney line. Disney Dream is a 4,000-passenger...

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T.O.S supplier nautical personnel Rijkswaterstaat

As of the 1st of January 2011 T.O.S (Transport & Offshore Services) will be the supplier of nautical temporary personnel (sailing) in the North Sea area for Rijkswaterstaat (part of the Dutch Ministry of Transport, Public Works and Water Management) for a...

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Lockheed to work on S. Korean ship

Moorestown’s Lockheed Martin Mission Systems and Sensors has been awarded a $40.6 million contract to engineer, install and test its Aegis Weapon System aboard a South Korean destroyer ship. [Read More] Source:Moorestown ...

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Iran says ships seized in Singapore freed

Three Iranian cargo ships seized in Singapore several months ago due to a financial dispute linked to sanctions on the Islamic Republic have been released, news agencies in Iran reported on Wednesday. [Read More] Source: Reut...

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Murphy Oil Announces Results of Drilling Wells Offshore Republic of the Congo

Murphy Oil Corporation announced today the results of its recent Republic of the Congo drilling campaign in the Mer Profonde Sud permit. The Cobalt Marine #1 exploration well and the Turquoise Marine #3 well both failed to find commercial quantities of hydrocarbons....

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Russian icebreaker clears path to release trapped ships in Okhotsk sea

A Russian icebreaker on Thursday forced its way through ice to reach icebound ships in the Sea of Okhotsk, off Russia's far eastern coast. Admiral Makarov is 4 kilometers (2.5 miles) away from the ships, its captain said. [Read More] Source: Ria Novo...

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NORWEGIAN ENERGY : Drilling on Svaneøgle has started

Norwegian Energy Company ASA (Noreco) is pleased to announce that drilling of exploration well 17/6-1 has started. Target for the well is the Svaneøgle prospect. Noreco is the operator.  Svaneøgle is located in production license PL545, about 100 kilometres...

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Dae Sun adds 1,040-teu pair

Korean shipbuilder Dae Sun Shipbuilding & Engineering has won additional orders from China's SITC International Holdings for container feedership newbuildings. The owner recently ordered additional two 1,040-teu ships from Dae Sun, costing $39m in total. [Read...

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PSA Norway Releases New HSE Regulations Offshore and Onshore

The Petroleum Safety Authority Norway (PSA) is responsible for developing and enforcing regulations which govern safety and working environment in the petroleum activities on the Norwegian continental shelf and associated land facilities. [Read more] Source: Offshore...

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STX Finland delivers ferry to P&O Ferries

STX Finland, builder of the world's largest cruise liners, has delivered a passenger ferry to P&O Ferries in a $240 million (euro180 million) deal. The Finnish shipbuilder says The Spirit of Britain will be the largest ferry operating in the English Channel...

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Aquino thanks Korea for heavy investments

 SUBIC BAY Freeport, Zambales -. President Aquino reaffirmed his administration’s commitment to fight corruption and provide an investor-friendly environment to encourage more investments in the country. "Government agencies are providing incentives to investors...

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Rongsheng Heavy Says Container-Ship Demand Improving

China Rongsheng Heavy Industries Group Holdings Ltd., the nation’s largest shipbuilder outside state control, expects container-vessel orders to rise this year as world trade rebounds from the global recession. [Read More] Source: Bloomb...

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Shipbuilding Sectors to Recover in 2011

2010 saw very stagnant business for shipbuilders worldwide including the three major shipbuilding companies in Korea- Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding and Marine Engineering. But with the global economy on the rebound, orders for ships are back on the rise. [Read...

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Trelleborg’s Acquisition of UK-Based PPL Polyurethane Products Finalized

Trelleborg’s acquisition of the privately owned company PPL Polyurethane Products Ltd has been finalized. The company has annual sales of approximately SEK 90 M and about 90 employees. PPL Polyurethane Products is based in the UK and develops, manufactures and...

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Corporate profitability continues to rise

UK corporate profitability rose to an 18-month high in the third quarter of 2010, driven by the boom in the manufacturing sector and higher oil prices.  Private firms' net rate of return rose to 11.9% between July and September from 11.6% between April and...

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Nido Petroleum Provides Tindalo Operations and SC54A Update

Nido Petroleum Limited, as Operator of Service Contract 54A (SC 54A), provides this update on the operations at Tindalo, offshore Philippines.  Since the last operations update on 29 December 2010, Nido, along with its Joint Venture Partners has reached a...

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Supertanker Surplus Increases, Cutting the Chance of a Rally in Hire Rate

A surplus of supertankers competing to load 2 million-barrel cargoes of Middle East crude oil expanded for the first time in four weeks, undermining owners’ efforts to secure better hire rates. There are 15 percent more very large crude carriers, or VLCCs, for...

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Vessels delayed at Gladstone port due to floods

Several vessels have been delayed from entering Gladstone port in the state of Queensland due to recent floods that have affected many parts of Australia. According to Bloomberg, approximately 18 ships are outside the harbour waiting to load at the RG Tanna terminal. [Read...

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Ukraine reports contact made with captain of seized ship

The operator of an Algerian vessel seized by pirates off Oman managed for the first time Wednesday to contact the Ukrainian captain who said the 27-member crew is safe, the foreign ministry in Kiev said. The captain of the Blida bulk carrier told the Greek operator...

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Ports strike ends

The three-day ports strike ended today. After Histadrut chairman Ofer Eini and Director of Wages Ilan Levin reached a deal last night for a 6% pay hike over two years for ports workers. The parties also agreed to set up a joint team to move forward on the floating of the ports companies' shares on the...

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Container spot rates reach milestone point

After almost six months or 25 straight weeks of falls, container spot rates out of Shanghai managed to put a halt and increase as 2010 came to an end. According to the Shanghai Containerized Freight Index, rates were upwards for all destinations, including the...

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Technip Awarded a Key Subsea Contract for the Walker Ridge Development in the Gulf of Mexico

Technip was awarded a lump sum contract by Enbridge Offshore Facilities L.L.C. (Enbridge) for the development of the Walker Ridge gas gathering system in the Gulf of Mexico, at a water depth of 7,000 feet (2,130 meters).This award reinforces Technip’s leading...

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Sinopec finds large oil and gas deposits in Myanmar

Sinopec International Petroleum (SIPC) has discovered proven reserves of 909 billion cubic feet of gas and 7.16 million barrels of condensate in central Myanmar, state media reported on Thursday. [Read more] Source: Reut...

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