Centrica signs £2bn gas deal with Qatar to secure LNG for the UK

Centrica plc, the parent company of British Gas, today announced it has entered into an agreement for a unique three year contract with Qatargas to deliver 2.4 million tonnes per annum of liquefied natural gas (LNG) to the UK Isle of Grain facility. [Read more] Source:...

Posted on 2/23/2011 / 0 comments / Read More

Chesapeake Energy Corp. Rose To A New High For The Year

Chesapeake Energy Corp. announced Monday that it agreed to sell its interests in approximately 487,000 net acres of leasehold and producing natural gas properties in the Fayetteville Shale play in central Arkansas to BHP Billiton Petroleum for $4.75 billion in...

Posted on 2/23/2011 / 0 comments / Read More

Transocean loses $799M in 4Q on slower activity

Transocean Ltd., the world's largest offshore drilling contractor, lost $799 million in the fourth quarter, after booking a more than $1 billion charge to account for a decline in rates and use of rigs used to drill in shallow waters. [Read more] Source: Bloo...

Posted on 2/23/2011 / 0 comments / Read More

Petrobras acquires 50% interest in Block 4 Offshore Benin

Petrobras has acquired 50% interest in Block 4, located off the coast of Benin – a country situated on the west coast of Africa -, from Compagnie Béninoise des Hydrocarbures (CBH), a subsidiary of Lusitania Petroleum, which maintains the remaining 50%. [Read more] Source:...

Posted on 2/23/2011 / 0 comments / Read More

Subsea 7 sees busy 2011 as merged results impress

Oilfield engineering group Subsea 7 said high oil prices and growing industry activity would give it a boost in 2011 and posted better-than-forecast fourth-quarter earnings as a new merged entity. The combined core profit of pre-merger Subsea 7 and its new partner...

Posted on 2/23/2011 / 0 comments / Read More

Exile Resources gets exploration licence in Zambia

Junior oil and gas explorer Exile Resources Inc said it received a formal exploration licence for its project in northeastern Zambia. Exile Resources, which has an investment license for Block 26, is currently reviewing data and undertaking geochemical surveys...

Posted on 2/23/2011 / 0 comments / Read More

Oil worker trapped in Libya 'desperate for rescue

A Scottish oil worker stranded with 300 people in a Libyan desert camp has told how the group has just one day's supply of food and water left.James Coyle, from Erskine, Renfrewshire, said the workers were "desperate" to be rescued.[Read more]Source: ...

Posted on 2/23/2011 / 1 comments / Read More

New South America service from 4 Asian lines

Nippon Yusen Kaisha (NYK), Hyundai Merchant Marine (HMM), Kawasaki Kisen Kaisha (“K” Line), and Pacific International Lines (Pte) Ltd. (PIL) announce the launch of a new [Read More] Source: ...

Posted on 2/23/2011 / 0 comments / Read More

Sembcorp Marine Q4 net profit down 19.5%

Sembcorp Marine, the world's second-largest offshore rig-builder, said its fourth quarter net profit fell 19.5 per cent to S$239.4 million due to lower sales. [Read More] Source: TODAYonl...

Posted on 2/23/2011 / 0 comments / Read More

Anadarko pulls out of Ivory Coast

Anadarko Petroleum Corp. has suspended its limited operations in Ivory Coast, citing the continuing violence and instability in the wake of disputed November elections, according to a filing Wednesday with the U.S. Securities and Exchange Commission.[Read more] Source: Business Jour...

Posted on 2/23/2011 / 0 comments / Read More

Libya oil production grinding to a halt

Oil production in Libya is shutting down as companies operating there begin to close facilities due to the ongoing violence. Oil prices surged Wednesday, passing $100 a barrel, after a report in the Financial Times said half of Libya's production has been suspended....

Posted on 2/23/2011 / 0 comments / Read More

Stena Line: North Sea ferry travel up 8.7 percent

Stena Line has reported its highest number of North Sea passengers for three years in its figures for 2010. [Read More] Source: Baird Marit...

Posted on 2/23/2011 / 0 comments / Read More

‘Santa Isabel’ - 7,100TEU container ship for Hamburg Süd

Hamburg Süd christened the ‘Santa Isabel’, the second of ten 7,100TEU container vessels, in Singapore on Monday. [Read More] Source: Baird Marit...

Posted on 2/23/2011 / 0 comments / Read More

CMA CGM offers cruises on giant containerships

They may not look like cruise ships from the outside, but CMA CGM, the world's third largest container shipping group, is offering cruises on board the largest vessels in its fleet, its 13,800 TEU containerships. It says that last year 690 people chose to experience...

Posted on 2/23/2011 / 0 comments / Read More

Pirates to pay part of ransom money to terrorist organization

GAC Protective Solutions says a maritime security alert has been issued for Somalia following a development in the relationship between pirate syndicates and radical Islamist organization al-Shabaab. [Read More] Source: Marine ...

Posted on 2/23/2011 / 0 comments / Read More

Noble Leases Deep-Water Rig, Boosts Rates, in Shell Agreement

Noble Corp., the world’s third- largest deep-water drilling contractor, said it has an agreement to rent one of its idled rigs to Royal Dutch Shell Plc in the Gulf of Mexico. The Geneva-based owner of 73 drilling rigs also has an agreement to boost the so-called...

Posted on 2/23/2011 / 0 comments / Read More

Incat Crowther crewboat launched

The 36m monohull crewboat ‘Siem Piata’ was recently launched by ETP Engenharia Ltda in Rio de Janeiro, Brazil. [Read More] Source: Motors...

Posted on 2/23/2011 / 0 comments / Read More

Wood Group Kenny Awarded Amberjack Jack/St. Malo Oil Export Pipeline Detailed Design

Wood Group's J P Kenny has been awarded a contract to perform detailed design for Amberjack Pipeline Company LLC's  Jack/St. Malo deepwater oil export pipeline in the Gulf of Mexico. Amberjack Pipeline Company LLC is a joint venture between Chevron Pipe Line Company and Shell Pipeline Company LP....

Posted on 2/23/2011 / 0 comments / Read More

Sex scandals not limited to Navy, sailor says

More allegations have surfaced of behavioural issues within the Defence Force after a damning report highlighted a culture of predatory sexual behaviour aboard Naval supply ship HMAS Success [Read More] Source: ABC N...

Posted on 2/23/2011 / 0 comments / Read More

Cruise Ship Heads to Libya to Evacuate Chinese Citizens

A cruise ship dispatched by the Chinese embassy in Malta was expected to reach Libya late Wednesday to evacuate Chinese nationals stranded in the country. [Read More] Source: CRI ENGL...

Posted on 2/23/2011 / 0 comments / Read More

Somalia: Not Enough Ships to Stop Pirate Attacks

 With the killing this week of four Americans by Somali pirates, there is renewed debate over how to deal with the piracy problem. Among those studying the issue is Professor Peter Lehr of the University of St. Andrews in Scotland, author of the book Violence...

Posted on 2/23/2011 / 0 comments / Read More

Sembcorp Marine's Q4 net profit falls 20%

Rig builder Sembcorp Marine on Wednesday said its fourth-quarter net profit fell 20 per cent on-year to S$239 million.  This compares with S$297 million a year ago.  Analysts said the result was better than expected, even though there were fewer rigs...

Posted on 2/23/2011 / 0 comments / Read More

Hapag-Lloyd is First to Deploy Stratos' New FBBPlus Managed Broadband Service

Stratos Global, the leading global provider of advanced mobile and fixed-site remote communications solutions, today announced the commercial availability of FBBPlus, its managed global broadband service for the maritime industry. Stratos’ innovative FBBPlus...

Posted on 2/23/2011 / 0 comments / Read More

Chevron Halts Work at Gorgon LNG Site, Apache Shuts Gas Plant on Cyclone

Apache Corp. halted gas production from Varanus Island and Chevron Corp. suspended construction at the A$43 billion ($43 billion) Gorgon project in Western Australia because of Tropical Cyclone Carlos. [Read more] Source: Bloomb...

Posted on 2/23/2011 / 0 comments / Read More

No to arms despite piracy

Despite the alarming number of piracy attacks, governments, ship owners and charterers are not keen to arm their crews or allow the use of armed security on board for protection. [Read More] Source: EMIRATES 2...

Posted on 2/23/2011 / 0 comments / Read More

Maersk Group Delivers Best Result Eber

Maersk Group today presents a profit of USD 5 billion. “Our people have done a truly great job,” says Group CEO Nils S. Andersen. In 2011, the Group will focus on expanding business and maintaining high profitability. [Read more] Source: Dredging To...

Posted on 2/23/2011 / 0 comments / Read More

The world’s largest semi-submersible heavy transportation vessel to be DNV-classed

DNV has secured a contract to class the world’s largest semi-submersible heavy transportation vessel (SSHTV) of Dockwise in Netherlands from Hyundai Heavy Industries (HHI), Korea. The vessel is specially designed to transport more than 110,000 tons of offshore...

Posted on 2/23/2011 / 0 comments / Read More

Clough Curtain JV awarded $209m work order for PNG LNG project

Engineering and construction company Clough Limited today announced that the Clough Curtain Joint Venture (CCJV) has received work orders worth AU$209m associated with the PNG LNG Upstream Infrastructure contract. [Read more] Source: Mineweb....

Posted on 2/23/2011 / 0 comments / Read More

Precious Shipping to Cut Costs in 2011 by Rejuvenating Fleet

Precious Shipping Pcl, the Thai operator of bulk carriers, plans to increase its fleet from 21 vessels to as many as 70 within three years and to lower operating costs by using newer ships. [Read More] Source: Business W...

Posted on 2/23/2011 / 0 comments / Read More

Persian Gulf Tanker Surplus Expands as Freight Rates Dip

A surplus of supertankers competing for 2 million-barrel cargoes of Middle East oil expanded, cutting what owners can charge for charters. [Read More] Source: Bloomb...

Posted on 2/23/2011 / 0 comments / Read More

China, Greece Vow to Enhance Shipping Cooperation

China and Greece on Wednesday vowed to enhance cooperation in harbor construction, shipping and marine technology. The pledge was made during a meeting between Chinese Vice Premier Zhang Dejiang and Greek Minister of Maritime Affairs, Islands and Fisheries Ioannis Diamantidis. [Read More] Source: CRI...

Posted on 2/23/2011 / 0 comments / Read More

Seanergy Maritime Holdings Corp. Announces New Time Charter Agreement for a Panamax Vessel

Seanergy Maritime Holdings Corp. announced that the m/v Bremen Max, a 73,503 dwt, 1993 built Panamax dry bulk carrier, entered into a time charter agreement for a period of about eleven (11) to about thirteen (13) months at a gross charter rate of $20,000 per...

Posted on 2/23/2011 / 0 comments / Read More

Fluor wins Browse LNG offshore FEED contract in Australia

Fluor Corporation announced that its Fluor Offshore Solutions unit was awarded a front-end engineering and design (FEED) contract by Woodside for the Browse Liquefied Natural Gas (LNG) Development. The Browse fields are located in the Browse Basin about 425 kilometres...

Posted on 2/23/2011 / 2 comments / Read More

Dry bulk market keeps losing ground, capesizes suffering

The dry bulk market lost further ground yesterday, as the industry’s benchmark, the Baltic Dry Index was rapidly falling, ending the session down by 2.03% to 1,253 points. As has been the established trend so far this week, the bigger ships have been taking the...

Posted on 2/23/2011 / 0 comments / Read More

Samsung shoots $7.2bn new orders

Korea's Samsung Heavy Industries seems to have already secured $7.2bn in new orders likely to be placed at Samsung this year, which corresponds to 63% of this year's new order target. [Read More] Source: Asia...

Posted on 2/23/2011 / 0 comments / Read More

Technip Wins Contract Worth About EUR 90 Mln For Gygrid Project In Norway

Technip SA said it was granted by Statoil a contract, worth approximately 90 million euros, for the Gygrid field development located in the Norwegian Sea at a water depth of 265 - 330 meters. [Read more] Source: RTT N...

Posted on 2/23/2011 / 0 comments / Read More

Namibia’s N$340 m ship - by Desie Heita

The Fishe-ries Ministry has signed a multi-million contract for the construction of a fisheries research vessel with Finnish shipbuilders, the Finland Ministry for Foreign Trade and Development said in a press release yesterday. The Ministry of Fisheries and Marine...

Posted on 2/23/2011 / 0 comments / Read More

Inflation Squeezes Vietnamese Workers

Vietnam recently devalued its currency, the dong, by 9.3 percent against the dollar. Analysts say soaring inflation here makes life harder for many Vietnamese workers. [Read More] Source: VOA N...

Posted on 2/23/2011 / 0 comments / Read More

Manifa drilling sets new Saudi well length record

Saudi Aramco reported that a recent well in Manifa oil field, drilled to 32,136 ft TD, set a new length record for wells drilled in Saudi Arabia. This length surpassed the previous 30,850 ft in an earlier Manifa well. [Read more] Source: Penn Ene...

Posted on 2/23/2011 / 0 comments / Read More

New vessel for oceanographic and fisheries research launched

Under a plan to renew the Spanish Institute of Oceanography (IEO) fleet, a new vessel was launched in Vigo on Monday, named Ramon Margalef. The new oceanographic and fisheries research vessel will be used at a national level and in adjacent seas. [Read More] Source:...

Posted on 2/23/2011 / 0 comments / Read More

Chongqing to build 10 luxury cruises

Chongqing Transportation & Travel Group announced Tuesday that they will invest 2 billion yuan ($300 million) on buiding 10 world-largest and super-luxury cruise ships until 2012. [Read More] Source: Global Ti...

Posted on 2/23/2011 / 0 comments / Read More

ABG Shipyard, Reliance Broadcast get FDI nod

Shipbuilding firm ABG Shipyard has received approval to foray into defence-related contracts, a government statement said on Wednesday. [Read More] Source: Reut...

Posted on 2/23/2011 / 0 comments / Read More

New ocean giant as steady as China goes

China’s decision to commit to an economic future led by manufacturing is good news for container shipping giants. Encouraged by signs Asia isn’t slowing down, Maersk Line, the world’s largest mover of ship-borne exports, has just penned a contract with Korean...

Posted on 2/23/2011 / 0 comments / Read More

LUNDIN PETROLEUM: THE EARB EXPLORATION WELL IN PL505 HAS SPUDDED, OFFSHORE NORWAY

The Earb South prospect is located 15 km west of the Balder Field and 35km south of the Heimdal facilities. The well will target sandstones within the Draupne Formation (Brae Formation equivalent) and the Hugin Formation. The Earb South prospect is estimated by...

Posted on 2/23/2011 / 0 comments / Read More

'Financing major problem for local shipbuilders'

Financing is now the major problem for development of the country's shipbuilding industry, said stakeholders in a meeting Wednesday. [Read More] Source: Financial Expr...

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Parker Drilling-Operated Yastreb Rig Sets New World Record for Extended-Reach Drilling

Parker Drilling, operator of the Yastreb land drilling rig for customer Exxon Neftegas Limited (ENL), announced today that it has provided operations services for drilling the world's longest well, Odoptu OP-11, from Sakhalin Island, Russia. The Odoptu OP-11 well...

Posted on 2/23/2011 / 0 comments / Read More

Pancontinental in Talks Over New Oil & Gas Exploration Blocks Award, Offshore Kenya

Pancontinental Oil & Gas NL  (“Pancontinental”) announces that, together with three co-applicants and led by BG Group plc (“BG Group”), it is in negotiations for the award of oil and gas exploration and production licences over Blocks L10A and L10B offshore...

Posted on 2/23/2011 / 0 comments / Read More

Indonesia says Chevron deepwater gas output to start 2014

Chevron's Corp's Gendalo-Gehem deepwater gas project in Indonesia will start initial production in the third quarter of 2014 with 120 million standard cubic feet per day (mmscfd), Indonesia's energy watchdog said on Wednesday. [Read more] Source: Reut...

Posted on 2/23/2011 / 0 comments / Read More

Wilhelmsen Ships Services supports dredging for Gorgon project

Wilhelmsen Ships Service is providing a range of support services to the Gorgon project, Australia’s largest ever oil and gas project. Services include the importation of dredgers and project cargo shipments. [Read more] Source: Offshore Energy To...

Posted on 2/23/2011 / 0 comments / Read More

Niko says it has option to increase stake in three RIL blocks

A day after Reliance Industries Ltd announced sale of 30 per cent interest in its 23 oil and gas blocks, Canada-based Niko Resources, RIL’s partner in three fields — D6, NEC 25 and D4 — on Tuesday said it has the option to increase its stake in the fields by up to 30 per cent from current working percentages. [Read...

Posted on 2/23/2011 / 0 comments / Read More

Incat Crowther crewboat launched

The 36m monohull crewboat ‘Siem Piata’ was recently launched by ETP Engenharia Ltda in Rio de Janeiro, Brazil. Designed primarily at Incat Crowther’s USA office in Morgan City Louisiana, the new vessel successfully completed sea trials and was delivered to Siem...

Posted on 2/23/2011 / 0 comments / Read More

Badger Explorer developer announces 2010 report

The Badger Explorer is a device that drills and buries itself underground to explore for and map the extent of hydrocarbon resources, at a lower risk, cost and complexity of utilising a drilling rig. In 2010 its developer’s main task was demonstrating the Badger Explorer concept and successful tests...

Posted on 2/23/2011 / 0 comments / Read More

BOEMRE to Hold Public Workshop on Offshore Energy Regulations

The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) will conduct a public workshop March 15, 2011, in New Orleans to discuss new requirements for offshore oil and gas companies to develop and implement Safety and Environmental Management...

Posted on 2/23/2011 / 0 comments / Read More