Rheochem to sell drilling fluids business in new E&P focus

Oil and gas services company Rheochem plc is to change name and focus on exploration and production after selling its drilling fluids business for up to A$45m (about 28m) to the Australian subsidiary of NYSE-listred Newpark Resources, Inc. [Read more] Source:...

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USS Bulkeley (DDG 84) frees Japanese merchant ship from pirate control

A request for assistance from a Japanese-owned merchant vessel in the Somali Basin led to Combined Maritime Forces (CMF) warship USS Bulkeley (DDG 84) securing the release of the vessel and its 24 crew members from four suspected pirates, Mar. 6. [Read More] Source:...

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Trinidad LNG train off for maintenance mid-March

Trinidad's liquefied natural gas producer Atlantic LNG said Friday one of its production units will be down for scheduled maintenance in mid-March, and expected back up by the end of the month. [Read more] Source: Reut...

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Singapore's PSA handles record box volumes in 2010

PSA International recorded a 14.4% growth in global throughput handling volumes last year, in line with global economic recovery and improved performance of the container sector. [Read More] Source: Seatradee A...

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Petrobras seeks to allay Gulf of Mexico oil spill worries with new deepwater drilling technology

The company will use a floating production storage and offloading (FPSO) unit, a ship that stores and processes oil until it can be transferred to an oil tanker to transport it to the coast. Production will begin in two oil fields in water depths of nearly two...

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Iraq's key Rumaila oilfield faces challenge as output starts to slump

Production at Iraq’s supergiant Rumaila oilfield, developed by BP and China’s CNPC, has fallen from peaks in December and early January, official figures showed, in what could be a sign of challenges ahead. The field has a global profile with its over a million...

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Slow steaming project focuses on voyage charter party clause

The working group tasked with developing standard slow/economical steaming clauses for charter parties met at BIMCO House on February 17 to continue work on this challenging and topical project. [Read More] Source: Baird Marit...

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China launches WTO dispute against US shrimp duties

The US finds its controversial practice of ‘zeroing’ in the line of fire again, as China on Monday initiated WTO dispute proceedings over Washington’s anti-dumping duties on Chinese shrimp, according to the International Centre for Trade and Sustainable Development (ICTSD). [Read More] Source: Baird...

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BOEMRE Probe Finds No Evidence Of Safety Risk At BP’s Atlantis Platform

U.S. investigators said Friday that problems with engineering documents on a BP PLC production platform in the Gulf of Mexico didn’t pose a safety risk and said the company won’t face civil penalties. [Read more] Source: GCapt...

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Satcom solution for piracy situation

Satcom provider Iridium has been suggesting a useful application for its system in combating the Indian Ocean pirate threat. [Read More] Source: Motors...

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Noble exercises option for further HHI drillship

Noble Corporation (NYSE: NE) reports that a subsidiary has exercised its first option with Hyundai Heavy Industries Co. Ltd. ("HHI") for the construction of an additional ultra-deepwater drillship, the third such drillship to be ordered this year subject to the...

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Nord Stream raises 2.5 bln euro loan for 2nd phase

The Gazprom-led Nord Stream gas pipeline project on Friday signed financing worth 2.5 billion euros (3.49 billion dollars) for the second phase of the link to Europe, a consortium spokesman told Reuters.[Read more]Source: The Baltic Cou...

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Greatship subsidiary takes delivery of jack up rig Greatdrill Chetna

Greatship Global Energy Services Pte. Ltd a Singapore incorporated subsidiary of Greatship (India) Limited which is a subsidiary of The Great Eastern Shipping Company Limited took delivery of 2009 built 350 feet jack up drilling rig, GREATDRILL CFIETNA, on March...

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US officials plan analysis of possible 'large oil spill' in review for 2008 Arctic lease sale

Federal officials will study how a "very large oil spill" would affect the ocean off Alaska's northwest coast as part of a court-ordered environmental review for a 2008 offshore petroleum lease sale that garnered billions of dollars for federal coffers. [Read...

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Noble Corporation Exercises Option to Construct New Ultra-Deepwater Drillship

Noble Corporation today announced that a subsidiary has exercised its first option with Hyundai Heavy Industries Co. Ltd. (“HHI”) for the construction of an additional ultra-deepwater drillship, the third such drillship to be ordered this year subject to the parties...

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London ship insurers add Libya to high-risk list

London's marine insurance market has added Libya to a list of areas deemed high risk as violence escalates in Africa's third-largest oil producer, a senior market official said on Friday. [Read More] Source: Reut...

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TMK premium connections tested in Lukoil offshore oil well in Caspian

Russia's largest oil and gas steel pipe producer TMK has announced that a tubing string with its Premium-class threaded connections has been lowered into a well more than 2.5 kilometers deep, located in Lukoil's Yury Korchagin oil deposit in the Caspian Sea. [Read...

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UK: Breagh appraisal firms up second platform

A group led by RWE Dea has firmed up plans for a second platform in a second development phase at Breagh field in the UK North Sea southern gas basin due to positive results from the 42/13a-6 appraisal well. [Read more] Source: Oil & Gas Jour...

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The majority of ships ordered in 2020 will be LNG fuelled

Based on educated guesses for categorised groups of ships, we expect a large share of international shipping fleets to implement LNG propulsion. First and foremost for newbuild ships. [Read More] Source: DNV B...

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Nigeria's NNPC aims to partner with Addax, Maersk Oil to grow crude output

State oil company Nigerian National Petroleum Corporation said Thursday it is interested in partnering with Addax Petroleum and Maersk Oil in a bid to grow the crude oil output of its upstream subsidiary to 250,000 b/d by 2015. [Read more] Source: Pla...

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Fred. Olsen Energy ASA: New Drilling Contract for Borgsten Dolphin

Dolphin Drilling Ltd, a subsidiary of Fred. Olsen Energy ASA, has entered into a Letter of Award for the provision of the semi-submersible Borgsten Dolphin with an undisclosed client for a four well drilling programme with an approximately six month duration and...

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Norwegian energy minister Terje Riis-Johansen quits Goverment

The last half year has been a turbulent one for the minister, who suffered heavy criticism for his handling of Mongstad’s carbon capture and storage project, and decision to build the controversial Hardanger power pylons. [Read more] Source: The Foreig...

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Aframaxes are the “winners” from the recent turmoil in the Middle East

The tanker market has been on the upside lately, as a result of the recent turmoil in the countries of the Middle East and North Africa, with the latest Libyan crisis proving to be a fruitful opportunity for the bold and owners of Aframax tankers. According to...

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Rush of LNG carrier orders

As there are a number of  newbuilding talks on progress for LNG carriers worldwide, it is highly expected to see increasing new LNG ship orders in a fast pace. [Read More] Source: Asia...

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Korea retakes No.1

Korean shipbuilders beat Chinese counterparts by a wide margin in February in terms of monthly new orders, occupying the world's first position.   [Read More] Source: Asia...

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Madagascar freezes offshore oil blocks tenders

Madagascar's government has suspended tenders for 225 offshore oil blocks until further notice, the country's mines and hydrocarbons minister said.[Read more]Soure: Reut...

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Gulmar Offshore Takes Delivery of Diving Support Vessel

Gulmar Offshore took delivery on 3rd March 2011 of the ‘Gulmar Atlantis’- the first of its two new-build vessels from the Hanjin shipyard in Busan, South Korea. These latest generation Diving/ROV Support Vessels each have an 18-man, 300m-rated diving system with...

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The National Shipping Company of Saudi Arabia signs new shipbuilding contracts for general cargo vessels

The National Shipping Company of Saudi Arabia (NSCSA) will sign 4 shipbuilding contracts + 2 additional optional contracts on Sunday, the 06th March, 2011 with Hyundai MIPO of South Korea. The contracts' value including the 2 optional contracts amounts to 1,543 Million Saudi Riyals. (One Thousand Five...

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Santos to halt operations at Maleo field for repair

Australia-based energy firm Santos announced Friday that it might temporarily halt oil and gas production activities at the Maleo field, East Java, for about 15 days to repair its mobile offshore production unit. [Read more] SourcE: The Jakarta P...

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Australia oil & gas workers top global pay scale

Oil and gas workers in Australia, where a boom in gas export projects is under way, are the highest paid in the world, according to a survey of the industry released this week.[Read more]Source: Reute...

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FoundOcean has mobilised for the MOPUstor offshore grouting contract awarded through SBM Offshore

FoundOcean has been awarded the offshore grouting contract by SBM Offshore for the MOPUstor Phase 2 installation in the Yme Oil Field, North Sea. Grouting equipment has been mobilised and set up on the work vessel, and a suitable work window is awaited prior to...

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KONGSBERG Completes Longest Ever Multi Sensor AUV Pipeline Survey

KONGSBERG has completed the world’s longest multi-sensor AUV pipeline survey using one of its cutting-edge HUGIN 1000 Autonomous Underwater Vehicles (AUV). The pipeline inspection took place February 9th – 11th 2011, in the Hjelte fjord near Bergen, Norway and...

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MSC Chitra being refloated

After it listed into the Arabian Sea following a collision with another merchant ship Khalijia, Chitra is breathing again. Salvagers worked for six months to get it up and running. Now, Chitra is ready for its final voyage: to the scarpyard at Alang. [Read More] Source:...

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NYK and CMA CGM join in Euro-NW India, Pakistan, Mideast loop

NYK Line will augment CMA CGM's Europe Pakistan India Consortium Service (EPIC) between Europe and northwest India, Pakistan and the Middle East starting in April. The service will commence with the westbound sailing of the 5,714-TEU OOCL San Francisco, which...

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Danish controlled vessel fires upon pirates

The Danish controlled vessel Brattingsborg was yesterday attacked by pirates in the Indian Ocean, but managed to escape as the pirates was met by counter fire from armed guards hired by Dannebrog Rederi A/S. [Read More] Source: ship...

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A boom year for piracy

The killing of four Americans who were taken hostage aboard the yacht Quest off the coast of Oman serves as an ominous warning that pirate activity will increase in 2011 despite large-scale naval deployments in the Gulf of Aden. [Read More] Source: denverpost....

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