Sister Ship of 'Moby Dick' Vessel Found Off French Frigate Shoals

An important piece of American history has been discovered in a group of far-flung atolls about 600 miles northwest of Honolulu. Remnants of the Two Brothers, a Nantucket whaling ship that was the sister ship of a famous whaleboat, were recently confirmed to have...

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Satellites locate seized Italian oil tanker

Cosmo-SkyMed acquisitions acquired by the Italian space agency and Telespazio on Wednesday at 14:44 UTC and Thursday at 03:17, and the track of the Italian oil tanker Caylyn Savina. Credits: COSMO-SkyMed images © ASI, 2011- processed and distributed by e-GEOS [Read...

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Sea pirates develop taste for oil

The situation around the piracy in the Indian Ocean is going from bad to worse and may eventually adversely affect oil shipments along the main oceanic routes, says the International Association of Independent Tanker Owners, INTERTANKO, in a statement. [Read More] Source:...

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Man overboard due to improper repair to pilot ladder

While preparing to embark a sea pilot at an exposed anchorage off a north European port, a ship's crew was rigging a pilot combination ladder. During the operation, a seaman stepped on the platform at the bottom of the accommodation ladder section, and it tipped...

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Seahawk Drilling seeks bankruptcy, to sell assets

Seahawk, which announced the deal with Hercules Offshore Inc. Friday, has been hurt by a slowdown in Gulf of Mexico drilling after the BP oil spill last April. The government halted drilling in deep waters and imposed tough new rules that have curtained all energy...

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MSC Completes Antarctica Resupply Mission

Military Sealift Command-chartered container ship MV BBC Ems departed McMurdo Station, Antarctica, Feb. 13 after delivering more than 84,000 square feet of vital supplies in support of Operation Deep Freeze. ODF is an annual U.S. Air Force-led mission to resupply...

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Canal Threat

China is proposing to build a rail link to rival the almost century-old Panama canal, the Colombian president has said. [Read More] Source: Ship T...

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Marine Transport Experts Study The Human Factor

UK – One of the intangible elements in arranging a totally safe working environment has always been human fallibility, a problem addressed by a new report prepared by a member of vessel classification group and transport and energy advisers Lloyds Register in...

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Expro enters Polish gas market with first well testing contract

International oilfield services company Expro has been awarded its first well testing contract, including associated services, on a tight gas project in Poland. Energia Zachód a 90% owned subsidiary of Aurelian Oil & Gas plc, has awarded Expro a well testing...

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Singapore: Plans afoot for floating oil storage platform

Singapore government agency JTC Corporation told Business Times it is preparing construction tenders for a floating oil storage platform, to be located off Pulau Sebarok, near Jurong Island. [Read More] Source: Baird Marit...

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Indian bank says great growth potential in Indian shipbuilding

espite recessionary conditions, traffic handled at major ports in India grew an average of 5.7 percent in the year 2009-10, over the year 2008-09, stated a study by the Export-Import Bank of India (Exim Bank). [Read More] Source: Baird Marit...

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SONGA OFFSHORE : Report for the fourth quarter 2010

Songa Offshore SE reports total comprehensive income for the fourth quarter of 2010 of USD 110.1 million.  Operating revenue for the fourth quarter was USD 159.1 million. This includes mobilization and demobilization revenue of USD 8.6 million.   [Read...

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Beluga confirms anti-piracy guards to be deployed

Following the terrible hijacking of its ship, Beluga Nomination, Beluga Shipping has confirmed that it is deploying private security guards aboard some of its ships off the Somali coast and rerouting other vessels. [Read More] Source: Heavyl...

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Repsol inks LNG supply deal with South Korea's Kogas

Repsol has signed a liquefied natural gas (LNG) supply agreement with South Korea's state-owned Korea Gas Corporation (KOGAS), boosting Repsol’s position as one of the world’s largest shippers of the fuel.  The 15-month agreement, which took effect from January, will involve the shipment of 1.9...

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STX OSV inks platform supply vessel contract

South Korean-owned STX OSV bagged a contract for a platform supply vessel (PSV). The Singapore-listed shipbuilder said it had secured a contract for the design and construction of a PSV for an undisclosed international customer. [Read More] Source: Seatrade A...

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ABS announces new CEO

ABS President and Chief Operating Officer Christopher J. Wiernicki will assume the duties of Chief Executive Officer of ABS following the classification society’s annual meeting in April 2011. [Read More] Source: gCapt...

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Caza finds multiple potential pay sands at Windham prospect, Texas

US based Caza Oil & Gas has discovered multiple potential pay sands in the Caza 158 #2 well on the Windham project in Upton County, Texas. According to the company, electric logs indicate the potential pay sands in the Clearfork, Spraberry, Wolfcamp, Strawn and Atoka formations. [Read more] Source:...

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HHI reaches HiMSEN production milestone

Hyundai Heavy Industries (HHI), the world largest shipbuilder and marine engine manufacturer, has produced its 5,000th HiMSEN engine ten years after manufacturing its first unit in 2001. [Read More] Source: Motors...

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FMC Technologies Profit Rises

FMC Technologies, Inc., Monday reported a rise in profit for the fourth quarter, despite a slight decline in revenues, primarily on lower costs and tax benefit. The technology solutions provider for the energy industry also issued earnings outlook for the full...

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Rosneft Discoveries in East Siberia May Exceed 1 Billion Barrels

OAO Rosneft, Russia’s largest crude producer, found two deposits in east Siberia that may hold 1.17 billion barrels of oil, as the country seeks to boost fuel supplies to Asia. The Sanarsky and Lisovsky fields lie 130 kilometers and 70 kilometers to the west of Rosneft’s Verkhnechonsk production venture...

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Rickmers Maritime Profit Surges 31 Percent

Container ship owner-charterer Rickmers Maritime reported a 31 percent increase in fourth quarter net profit and said it reduced its bank debt by 13.5 percent last year amid a strengthening container market. [Read More] Source: Journal of Comme...

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Shippers commit 100,000 barrels per day on Enbridge's expanded Bakken line

Producers have committed to ship 100,000 barrels per day of their crude oil along an expanded pipeline system in Saskatchewan and North Dakota. Enbridge Energy Partners and Enbridge Income Fund Holdings Inc. announced they had enough support to go ahead with the...

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Baltic sea index rises, pace of gains slowing

The Baltic Exchange's main sea freight index .BADI, which tracks rates to ship dry commodities, rose for a sixth session on Monday, but slower cargo bookings reduced the pace of gains from last week's. [Read More] Source: Reut...

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Watchkeeper: A matter of resilience

Today, as the shipping industry contemplates its move into the age of e-navigation, it is worth taking a moment to consider our huge and growing dependence on the Global Positioning System and its galaxy of satellites circling the earth. By 2015 it is expected that there will be some 140 navigational...

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Ecuador court orders Chevron to pay $8.6 bln

A court in Ecuador's Amazon told Chevron Corp on Monday to pay $8.6 billion in environmental damages, but the U.S. oil company vowed to fight on in a lawsuit seen as a global test case. Chevron said it would appeal, meaning the case, which dates from drilling...

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Dry bulk: Tonnage oversupply to “choke” freight rates in the coming months says BIMCO

In a new report assessing the dry bulk market, BIMCO’s analysis suggests that freight rates for Capesize vessels are likely to remain depressed in the coming months, with supply-side pressure being the dominant factor in the fundamental supply-demand equation. [Read More] Source: Hellenic Shipping ...

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Indian shipbuilding grows 30% annually

Despite recessionary conditions, traffic handled at major ports in India grew an average of 5.7 percent in the year 2009-10, over the year 2008-09, stated a study by the Export-Import Bank of India (Exim Bank). [Read More] Source: Asia...

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Yantar upgrade to cost RUB 17bn

Russian government allocated 17bn roubles ($581m) for the project of reconstruction and re-equipment of JSC Baltic Shipyard Yantar in the period of 2011-2018. [Read More] Source: Asia...

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Korea needs big repair yard

Many are paying attention if a large-scale ship repair yard will be established in Busan new port. According to shipbuilding and shipping industry sources, Korea Shipowners' Association (Koshipa) ... [Read More] Source: Asia...

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Malaysia's Petronas finds new offshore energy oilfields

Malaysia's state-owned energy giant Petronas Monday said it has discovered new offshore oil and gas reserves in eastern Sarawak state. Successful drilling of a well last March and a subsequent appraisal well brought a significant discovery for Petronas with early...

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Keppel To Deliver Second DSS 38 Deepwater Rig Ahead Of Schedule To Brazil

Keppel FELS Limited (Keppel FELS) is on track for an early and safe delivery of Alpha Star, the second of two DSSTM 38 semisubmersible rigs, to Brazil's Queiroz Galvão Óleo e Gás (QGOG). Keppel FELS was awarded a total of S$40,000 in safety bonuses from QGOG for...

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Abu Dhabi Ship Building's profits drop on marine industry slowdown

Abu Dhabi Ship Building (ADSB), the country's naval and commercial vessels supplier, yesterday reported a 20.7 per cent drop in full-year net profits to Dh90.6 million. [Read More] Source: Gulf N...

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Sri Lanka dockyard reveals ship repair revenue

Sri Lankan listed ship yard Colombo Dockyard is currently doing repair work on several small tankers and a research vessel that will earn revenues of around four million US dollars, a statement said. [Read More] Source: Lanka Business Onl...

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ShipConstructor Showcases New Software at Seatec Italy

ShipConstructor Software Inc. will showcase the latest version of its popular shipbuilding CAD/CAM application at Seatec Italy, February 16-18, Carrara Italy, Stand D28 857, and also will highlight the new features available in the next version scheduled to be released in March. [Read More] Source:...

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Emir appoints Al Sada as Qatar Petroleum chairman

Qatar’s Oil Minister Mohammed Saleh Al Sada was appointed chairman and managing director of state-owned energy company Qatar Petroleumon Monday by the country’s Emir Hamad bin Khalifa Al Thani, according to a decree cited by the official Qatar News Agency today. [Read...

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ICCP system to protect Papa Terra FPSO

Cathelco is to supply a hull corrosion protection system for the P63 FPSO for Petrobras’ Papa Terra oil field off Brazil. [Read More] Source: Penn Ene...

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Successful Naming and Launch of Largest Dutch Cutter Suction Dredger‎

Van Oord’s largest self-propelled cutter suction dredger Athena was named and launched at the IHC Merwede shipyard in Kinderdijk on 12 February last. The Athena is the largest ever cutter suction dredger built in the Netherlands for a Dutch dredging company. What...

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Eni Spuds Gawain-1 Well Offshore Western Australia

Octanex N.L.  has been advised by Eni Australia Limited, the Operator of the Gawain-1 well located in the outer Exmouth Plateau permit, WA-362-P, that Gawain-1 spudded at 03:00 hours WST (Western Standard Time) on Saturday, 12 February 2011. [Read more] Source:...

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‘MPI Adventure’ to arrive soon in Europe

The name giving ceremony for the MPI Adventure, first of two newbuild wind turbine installation vessels, has taken place at the Cosco Qidong Shipyard in China. [Read More] Source: The Maritime Jour...

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Noreq, and German company, Fassmer, announces cooperation agreement for production of the Torpedo lifeboat.

Noreq has, since 2008 launched the Torpedo lifeboat as the evacuation method for the future for offshore use and it is fully equipped to meet the demands of tomorrow regarding rules and regulations for the North sea. The cooperation agreement with Fassmer is a...

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Pipavav Shipyard Q3 net profit at Rs 2.6 cr

MUMBAI: Pipavav Shipyard Limited (PSL) has reported a net profit of Rs 2.6 crore for the quarter ending December 31, 2010. [Read More] Source: The Economic Ti...

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Green light for Beibu Gulf oil project:ROC Oil

The Beibu Gulf oil project in China has been given the green light, joint venture partner ROC Oil Company Ltd says. ROC, a 19.6 per cent participant in the project, said in a statement on Monday that a positive final investment decision had been made in respect of the project in the South China Sea. [Read...

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Lloyd Werft to build new cable-layer type

Lloyd Werft Bremerhaven (LWB) will build the 7,000 dwt ‘Beluga Connection’, the first cable-layer for new German company Beluga Offshore Cable. [Read More] Source: Motors...

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Renewable energy sector booms but also is lagging

Korea’s renewable energy sector has seen growth in recent years in terms of sales, exports and private investment, although its technology is still lagging behind other advanced nations. [Read More] Source: Joongang Da...

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Wintershall lines up North Sea target

Wintershall Norge has approval from Petroleum Safety Authority Norway for a program of exploration drilling in the Norwegian North Sea. The semisubmersible Songa Delta will drill well 35/12-4S in license 378, 34 km (21 mi) north of Troll C, in a water depth of...

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STX Offshore Falls After Missing on Cruise Ship Order‎

STX Offshore & Shipbuilding Co., builder of the world’s largest cruise ship, fell the most in more than three months in Seoul trading after missing out on a Royal Caribbean Cruises Ltd. order. [Read More] Source: Bloomb...

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Hanjin Heavy locks factories

Hanjin Heavy Industries and Construction (HHIC) imposed a lockout at its main shipbuilding yard and factories Monday, in reaction to a strike against a layoff plan by its union that started on Dec. 20. The company plans to make 190 employees redundant today as...

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GE Oil & Gas opens new manufacture and test facilities

GE Oil & Gas has officially opened both its new Hyperbaric Testing Hall and a newly refurbished Electrical and Electronics Assembly Plant in Nailsea, United Kingdom. [Read more] Source: Pipelines International....

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Sea Lion delivers further oil off Falklands

Rockhopper Exploration has proven further oil close to last year’s Sea Lion discovery in the offshore North Falkland basin. The 14/10-3 well was drilled by the Ocean Guardian to a TD of 2,830 m (9,285 ft) in license PL032, 8 km (4.9 mi) northwest of the discovery...

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Seadrill Ponders Restructuring Plan

Bermuda based Seadrill is currently evaluating the structure of the Company’s harsh environment activities which include the six drilling rigs contracted in the North Sea area. In order to maximise the value of Seadrill’s harsh environment operations, and to create...

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ProSep Awarded $5.5 Million Gas Treatment Contract

ProSep Inc., dedicated to providing process solutions to the oil and gas industry, announces it was awarded a $5.5 million contract to provide a gas dehydration system to a super major international oil and gas producer operating in the South China Sea. This system...

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Seajacks Provides Construction Update for New Jack-up

In February 2010 Seajacks entered into a contract with GustoMSC to provide the Basic Design Package for two purpose built wind farm installation vessels. In June 2010 Seajacks entered into a contract with Lamprell shipyard to build these new vessels and Seajacks...

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Strong finish to a good year for KONGSBERG

"KONGSBERG completed 2010 with yet another strong quarter. The Group embarks on 2011 with a high level of activity, new and strengthened market positions in more areas, and a substantial project portfolio," says CEO Walter Qvam.  [Read more] Source: Defence...

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Spectrum, PGS complete reprocessing of Greenland data

Spectrum and Petroleum Geo Services (PGS) have completed reprocessing 7,357 km 2D seismic data collected in the 1980s offshore the southeast coast of Greenland. [Read more] Source: Penn Energy&nb...

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Xcite Energy Limited Drilling Contract for "Rowan Norway" N-Class Jack-Up Rig

Xcite Energy is pleased to announce that its 100% subsidiary, Xcite Energy Resources Limited, has entered into a binding drilling contract with British American Offshore Limited("BAOL"), part of Rowan Companies, Inc. for the N-Class "Rowan Norway", a harsh environment,...

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Northrop CEO says export controls should be eased

The government needs to launch new programs and ease export controls to ensure defense contractors remain capable and viable, said Wes Bush, chief executive and president of Northrop Grumman, in a speech to the region's technology community last week. [Read More] Source: The Washington P...

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