Berlian Laju Tanker gets bank commitments for $685 million term facility

Indonesia's PT Berlian Laju Tanker Tbk , whose subsidiaries include Southport, Conn., headquartered Chembulk Tankers, says it has secured commitments from six  leading commercial banks  to provide $685 million in a new landmark term facility. [Read More] Sorce:...

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Regime’s NITC ship insurance cover hit by sanctions

The Iranian regime’s biggest crude oil tanker operator NITC said on Friday its ship insurers had declined to renew policy cover for the coming year due to the impact of tightening sanctions in the European Union, Reuters reported on Friday. [Read More] Sorce:...

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US rig counts drop for the second week in a row

The number of active rotary drilling rigs in the US fell for the second week in a row, according to the weekly rig report from oilfield services firm Baker Hughes Inc. The number of rigs actively drilling onshore the US dropped by seven this week, which added to the decline of 17 last week, equals a...

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Saudi Aramco signs new deals

Saudi Aramco has signed two engineering and project management services contracts as part of its General Engineering Services Plus (GES+) initiative. Saudi Aramco’s GES+ initiative requires that the majority of its engineering services requirements be conducted...

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Chevron Corporation Announces Completion of Atlas Energy Acquisition

Chevron Corporation today announced that its acquisition of Atlas Energy has been completed following approval by Atlas stockholders. "We look forward to welcoming the highly talented employees from Atlas Energy into the Chevron family" said Vice Chairman George...

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Judge rules against Chevron in Ecuador

A judge in Ecuador ordered Chevron to pay more than $18 billion in damages on Monday, following an 18-year-old lawsuit that alleged Texaco dumped chemical-laden wastewater in the Amazon River Basin from 1964 to 1992. (Chevron acquired Texaco in 2001.) The question...

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Argentinian ports expected to strike in 2011

More protests could cripple Argentinean grains ports in the coming months as annual salary talks are scheduled for March. [Read More] Source: PortWorld N...

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London insurers' private fleet to fight Somali pirates

INSURERS in the City of London are finalising plans to set up a private fleet of armed patrol boats in the Gulf of Aden, in a new drive to stamp out Somali piracy. [Read More] Source: The Austral...

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Chinook Energy Completes Drilling of Sud Remada TT4 Exploration Well and Updates Tunisian Security Situation

Chinook Energy Inc. announced today that the Sud Remada TT4 exploration well has been cased and suspended awaiting completion in March 2011. Chinook's indirect wholly-owned subsidiary Storm Tunisia, is the operator of the TT4 development well and Remada permit with an 86% interest. The well was drilled...

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Piracy premium hampers global fuel trade

Pirate attacks are starting to distort world fuel trade, threatening supplies of jet fuel and diesel to Europe from Asia, because higher premiums for shipping make trade uneconomic. [Read More] Source: Reut...

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Baltic sea index rises, grains bookings support

The Baltic Exchange's main sea freight index .BADI, which tracks rates to ship dry commodities, rose on Friday with continued grains buying set to support the smaller panamax vessels in the coming days. [Read More] Source: Reut...

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Tap Oil reports Zola-1 exploration well discovery

Tap Oil Limited provides the following update on the Zola-1 exploration well, offshore Carnarvon Basin, Western Australia.[Read more]Source: ScanOil....

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Finnlines’ first China-newbuildings come in April

Finnlines adds the first two of its newbuildings from China to the fleet in April 2011. They have capacity for 3,245 lane metres of ro-ro cargo or up to 900 cars. A further four sister vessels will be delivered in 2011 and 2012. [Read More] Source: Shipgaz N...

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Energy Transfer Partners Announces New Projects in the Eagle Ford Shale

Energy Transfer Partners, L.P. has entered into multiple long-term agreements with shippers to provide additional transportation services from the Eagle Ford Shale located in South Texas. To facilitate these agreements, ETP will construct a natural gas pipeline, a processing plant and additional facilities...

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Pilot boat series begins at Barkmeijer

On February 15, Dutch yard Barkmeijer held the keel laying ceremony for the first in a series of three pilot boats for Nederlands Loodswezen, for delivery in August 2012. [Read More] Source: Baird Marit...

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Drillsearch Energy Limited Announce Sale Of Gippsland Basin Permits To Larus Energy Pty Limited

Drillsearch Energy Ltd is pleased to announce the sale of its three Gippsland Basin Permits being VIC/P63, VIC/P64 and T/46P held by it's wholly owned subsidiary Great Artesian Oil and Gas Pty Limited to Larus Energy Pty Limited (Larus). Consideration for the...

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Japan: Shipbuilders watch steelmaker merger with interest

Two of Japan’s steelmaking giants are in talks to merge, sending jitters through the Japanese shipbuilding market, which worries that increased costs could disadvantage them further against rivals in China and Korea. [Read More] Source: Baird Marit...

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Brazil's Petrobras to double oil production by 2020, says CEO

Brazil's oil and gas production will double by 2020, chief executive of state-run energy giant Petrobras told Xinhua on Friday. Jose Sergio Gabrielli said the country's oil output will increase from the current 2 million barrels per day to 4 million barrels per...

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UAE-built ship launched

Abu Dhabi Ship Building (ADSB), the UAE's naval and commercial vessels supplier, launched its second naval ship Baynunah at Idex yesterday, the second of a series of six naval ships, in the presence of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President...

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Sri lanka government might award 3 hydrocarbon blocks to ONGC

The overseas unit of Indian state oil and gas explorer, Oil and Natural Gas Corporation (ONGC) might bag three hydrocarbon blocks from the Sri Lankan government in its northern offshore area.  [Read more] Source: Onein...

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Up to 200 birds injured off Norway after spill

As many as 200 oil-stained birds have been found after an Icelandic cargo ship ran aground last week and began leaking fuel inside Norway's only marine natural reserve, authorities said Sunday. [Read More] Source: ...

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Contract awarded for design of new Australian research vessel

RALion was recently awarded a contract to design an 89 meter, ice-strengthened research vessel for the Australian government. The vessel will be operated by the Commonwealth Scientific and Industrial Research Organization (CSIRO),  Australia’s national science...

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Japanese Ship Orders Triple

Japanese export ship orders more than tripled in January, compared with a year ago. In the 14th consecutive month of year-over-year gains, orders soared 218.5 percent to 1.5 million gross tons, according to figures released by the Japan Ship Exporters' Association. [Read...

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ULSTEIN: TWIN NAMING

The twin vessels Rem Hrist and Rem Mist have kept together ever since their keel laying at 1 September 2009. Today, they were named in a joint ceremony.  [Read more] Source: Ulst...

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DEEPWATER HORIZON: AN AMERICAN TRAGEDY

The global oil and gas industry has been responsible for several disasters over the past decade, but few have heard of them. When Deepwater Horizon exploded in the Gulf of Mexico, safety in this business became a worldwide issue. [Read more] Source: P...

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STX pens Mitsubishi kamsarmaxes

Japanese trading company Mitsubishi Corp is said to be behind a quartet of 83,000-dwt bulker newbuildings booked at Korea's STX Offshore & Shipbuilding. [Read More] Source: Asia...

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Drydocks World names seismic vessels

Drydocks World has named the ultra-modern high ice class seismic vessel Polarcus Alima and Polarcus Samur in a ceremony at its Dubai shipyard. [Read More] Source: Trade Ara...

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Canada: Cougars Fly to Offshore Rigs After Storm Subsides

Flights to offshore oil platforms have resumed after storm delays earlier this week.High seas grounded the Cougar choppers that would normally traffic workers back and forth to work. The first flight left St. John’s for the Grand Banks 7:20 a.m. this morning. [Read...

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Bahamas seismic identifies potential oil giants

Bahamas Petroleum claims to have identified numerous large oil prospects in its southern licenses offshore the Bahamas. The company commissioned two studies from Dr. Mark Rowan of Rowan Consulting and Mr. Ozanisch of Lago Petroleum Consulting (Feb 2011). They based their assessments on recently processed...

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Petrobras restarts Cherne 2 platform after forced shut down

Following being shut-down on February 10 due to labor issues, Petrobras has resumed production at its Cherne 2 platform (PCH2), which was authorized February 17.  Permission was granted after a report was issued, based on the inspection that was carried out...

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CNOOC earmarks CNY 350 billion for oil and gas exploration

China Knowledge reported that China National Offshore Oil Corp or CNOOC which is the largest offshore oil producer in China and the parent company of CNOOC Ltd will invest CNY 350 billion in oil and gas exploration in China over the next five years. [Read more] Source:...

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BP to Commence Drilling Offshore Libya by End of June 2011

BP Plc , recovering from last year’s Gulf of Mexico oil spill, plans to begin offshore exploration drilling in Libya by the end of June, later than previously expected.Spokesman Robert Wine said on Thursday that BP expected to drill offshore in Libya in the first...

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Odfjell Drilling opens Brazil office

Norwegian Minister of Trade and Industry Trond Giske opened Odfjell Drilling’s new office in Rio de Janeiro today. “We see Brazil as a particularly important market and wish to become a player in the Brazilian deepwater market in the years ahead,” says Odfjell...

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Terra Nova offshore workers reject agreement

Offshore workers at the Terra Nova oil platform east of Newfoundland have voted to reject a contract offer.The tentative agreement was negotiated in mid-January between the employers and the Communications, Energy and Paperworkers Union of Canada.[Read more]Source:...

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Merchant ships in 2030

Everyone likes having a stab at “futurology” - imagining what things will be like twenty years from now. But when it comes to ship design, we move into serious matters, because twenty years from now, many of today’s ships will probably still be in operation and...

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Colombo Dockyard Unveils ROV Support Vessel

Colombo Dockyard Plc (CDPLC) has developed Greatship Rohini, a Remote Operating Vehicle (ROV) support vessel, for Greatship Global Offshore Services of Singapore to perform complicated undersea tasks in the oil and gas segment. [Read More] Source: azorobot...

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