Qatar the World Largest Condensate Producer by 2015

Qatar ''will be established'' as the world's largest condensate producer by the year 2015, Qatar's Minister of Energy and Industry Dr. Mohammed Bin Saleh Al Sada said here Monday.  [Read more] Source: Global Arab Netw...

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Australia: BG, Tokyo Gas Sign 20-Year LNG Sales Deal

BG Group today signed a sales agreement with Tokyo Gas Co., Ltd., concluding negotiations announced in March 2010 for the supply of 1.2 million tonnes of Liquefied Natural Gas (LNG) a year for 20 years from 2015. [Read more] Source: LNG  World  N...

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Spain's Repsol earmarks $768 mn for oil exploration in Alaska

Spanish energy group Repsol YPF SA announced Monday that it will invest at least $768 million in a joint venture with two U.S. firms to explore for oil on Alaska's North Slope. Repsol will have a 70 percent working stake in the project with 70 & 148 LLC and...

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12 hurt in Alberta explosion

Twelve people are now reported injured in an explosion and fire Monday at a sweet gas lease site outside of Edson, Alta. The explosion occurred around 11:45 a.m. MT at a Husky Energy site near the hamlet of Robb, 37 km southwest of Edson. [Read more] Source: CBC...

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Global Industries Awarded Multiple Decommissioning Projects for McMoRan Oil & Gas in Gulf of Mexico

Global Industries, Ltd. announced today that it has been awarded multiple projects by McMoRan Oil & Gas for the decommissioning and abandonment of seven production platforms located in the central Gulf of Mexico in water depths ranging from 100 to 400 FSW. The...

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Hyundai wins $1.2bn FPSO

Korea's Hyundai Heavy Industries has signed a newbuilding contract with the world's biggest oil major, British Petroleum, to build a FPSO to be put into the North Sea - the first FPSO newbuilding contract for Hyundai since this year. [Read More] Source: Asia...

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Rongsheng 400K 6M more delayed

Delivery of the 12 very large ore carriers being built by Jiangsu Rongsheng Heavy Industry for Brazilian miner Vale have been significantly delayed. [Read More] Source: Asiasi...

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Siemens acquires subsea power specialists Poseidon and Bennex

Siemens has entered into an agreement to acquire the two subsea specialists Poseidon Group AS and Bennex Group AS from Subsea Technology Group AS, Norway. [Read more] Source: Power-Gen Worldw...

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Rotterdam looks to stimulate barge traffic for Austrian heavy lift

The Port of Rotterdam Authority has signed a Letter Of Intent (LOI) with Austrian Governmental Organisations ECO-PLUS and VIA DONAU to stimulate barge traffic for heavy lift cargoes. [Read More] Source: Heavy Lif...

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COSCO contracts 3 livestock carriers

COSCO Guangdong Shipyard won 3 plus 1 optional 15,000dwt livestock carriers from unnamed European shipowner. The owner paid the deposits for this special ships last month to make the order effective. The newbuilding price is around US$28.25m per vessel, the delivery date are due for 2013 and 2014. The...

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Evergreen to launch new Northern China-Indonesia route

Taipei: Anticipating further positive development in the intra-Asia market, Evergreen Line says it is set to launch a new ocean route from Northern China to Jakarta. [Read More] Source: Seatrade Asi...

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Keppel tapped to build new $195MM jackup drilling rig for Mexico

Keppel AmFELS LLC, a US wholly-owned subsidiary of Keppel Offshore & Marine Ltd, has won a contract from Mexico's Perforadora Central SA de CV (Perforadora Central) to build a repeat jackup rig valued at about US$195 million.  [Read more] Source: Penn...

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NTSB docket document implicates cell phone use in Duck Boat disaster

The NTSB has opened the docket on its investigation of the July 7, 2010 incident in which, at about 2:37 pm, the 250- foot-long empty sludge barge The Resource, which was being towed by the 79 foot-long towing vessel M/V Caribbean Sea, collided with the anchored...

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TUI sells Hapag-Lloyd stake to Albert Ballin for US$439 million

HANOVER-based tour operator TUI announced that it intends to sell 11.33 per cent of Hapag-Lloyd shares to another shareholder Albert Ballin consortium for EUR315 million (US$439 million). [Read More] Source: Shipping Onl...

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Maersk offers fruit exporters Andes-USEC service

DANISH shipping giant Maersk Line is launching a weekly service this month to meet fruit export demand from Peru and Ecuador for the US east coast market, and provide department store merchandise for South America on southbound leg. [Read More] Source: Shipping Onl...

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Pirates used new tactics

General cargo Chariot was attacked by pirates in 12 018N 066 143E on Mar 5 2011 at around 1940 LT, pirates used new tactics – there was a decoy attack by a white skiff, departing from mother-ship and attracting attention of vessel under attack, while real attacking...

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Oceaneering to Acquire Norse Cutting & Abandonment AS

Oceaneering International, Inc. announced it has entered into a definitive purchase agreement to acquire Norse Cutting & Abandonment AS (NCA), for approximately $60 million.  The purchase is expected to close by March 31, 2011.   NCA is an oilfield technology company that specializes in...

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Collision near Antwerpse Noordzee-container terminal

In the night of Mar 5, 2011, around 3 a.m. the Barbados flagged cargo m/v "Zelada Desgagnes" (IMO: 9402081), was in collision with the "MSC Patricia" near the Antwerpse Noordzee-container terminal. The "Zelada Desgagnes" was underway from Antwerpen to the Westerscheldt...

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GE to Supply Drilling and Production Equipment for Total Operated Elgin Franklin Gas Field, UK

GE Oil & Gas has received a $7 million contract from Total E&P UK Ltd of Aberdeen, Scotland to supply drilling and production equipment for the expansion of the Elgin Franklin gas field in the North Sea. [Read more] Source: Offshore Energy To...

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Container ship rammed Kiel lock

An easy to maneuver out badly run has stopped the movement of cargo ship "Miltiadis Junior III". Fortunately no one was injured, but the damage is considerable. [Read More] Source: Sean...

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EnerMech wins major 3-year Qatar contract

Mechanical engineering company EnerMech, has won a multi-million dollar three year call-off contract from Dolphin Energy, a leading global supplier of natural gas. EnerMech will provide nitrogen purging and leak testing on Dolphin Energy’s onshore and offshore...

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Stena charters Tallink vessels for Belfast run

Stena Line charters Tallink’s two sister ferries Superfast VII and Superfast VIII for the Belfast–Stranraer run. The vessels will enter into service autumn 2011. ”The vessels fit well into our service and they are faster than traditional ferries”, says Jesper...

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Broström initiates new tanker cooperation

Maersk Tankers-owned Broström has initiated a new tanker cooperation with the Swedish owners Erik Thun AB, Rederi AB Gotland and Wisby Tankers AB to strengthen its 5,000–10,000 DWT segment portfolio. Last year Broström added three vessels to its small portfolio. [Read...

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Shipping Corporation of India to Buy 110 Vessels

The Union Shipping Minister, Mr G.K. Vasan. (file photo) State-owned Shipping Corporation of India plans to acquire 110 vessels at a total estimated cost of $6 billion over the next 10 years, Indian Shipping Minister G.K. Vasan said Monday in New Delhi. [Read...

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RWE Dea Receives Approval for Clipper South Gas Field Development Plan

RWE Dea's subsidiary in the United Kingdom, RWE Dea UK, announced today that the field development plan for the Clipper South gas field has been approved by the Secretary of State at the Department of Energy and Climate Change (DECC). RWE Dea UK is the operator...

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Global shipping industry in dire straits on Mid-east, Africa unrest

The global shipping industry is facing tough times as they brace for mounting negative factors including high oil price, unrest in the Middle east and oversupply of vessels. [Read More] Source: Maritime Sun N...

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Dry Bulk demolition price rises as secondhand prices fall

The steady rise in the demolition price ($/ldt) over the past 26 months is in stark contrast to the fall in secondhand prices which first started to decline for Capes around the middle of last year with Panamax and Supramax stating a couple of months later. Inevitably as the assessed values of these...

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Ship owners avoid second hand ship purchases on increased market concern

The past few weeks have been market by the virtual absence of Hellenic ship owners from the second hand market, for all types of vessels, with just a handful of new building orders being reported as well. [Read More] Source: Hellenic Shipping New...

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Canada: BMT to Develop Hybrid Electric Research Ship

BMT Fleet Technology, of Ottawa, Ontario has announced its collaboration with the University of Victoria to design and deliver North America’s first ever hybrid, electric research ship. The vessel, formerly known as CCG Tsekoa II, will be used by the University...

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Shell Plans to Drill Gas Exploration Well Off Australian Coast

Royal Dutch Shell Plc, the energy producer planning to develop the Prelude liquefied natural gas venture in Australia, said it expects to drill the Palta-1 exploration well off the nation’s northwest coast as early as September. [Read more] Source: Bloomb...

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Scotland gets 1,000 tonne goliath crane

A new 1,000 tonne capacity goliath crane has arrived at the Rosyth Dockyard in Scotland. The crane from Chinese manufacturer ZPMC will be used by leading UK engineering support services organisation Babcock at the Fife yard to build the Royal Navy's Queen Elizabeth [Read...

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Chinese ship involved in crane mishap allowed to leave port

Nearly a month to the day after it arrived in the port of Hampton Roads, the Chinese ship that brought two new cranes to APM Terminals Virginia Inc. in Portsmouth, leaving one of them damaged as the vessel attempted to depart the first time, sailed from the port...

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Celtic Sea oil project

IRISH exploration company Providence Resources has inked a deal to begin a 3D seismic survey in the Celtic Sea, offshore Ireland. The acquisition project will commence in June and is expected to run for approximately 15 days. [Read more] Source: Herald.i...

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Keppel AMFELS to build jack-up for Mexican repeat customer

Keppel AmFELS LLC, has won a repeat order worth about $195 million from Mexico's Perforadora Central SA de CV  to build a  jack-up rig. The Brownsville, Texas, shipyard is a wholly-owned subsidiary of Keppel Offshore & Marine Ltd. [Read More] Source: Marine ...

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Software designs stability into new ferries

Napa software has been applied by STX Finland Rauma for finding the optimum subdivision design for the P&O Ferries newbuilding ‘Spirit of Britain’. [Read More] Source: Motors...

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Bangladesh: Scrap ship import to be allowed on condition

The High Court (HC) on Monday said import of scrap ship will be allowed on several conditions for ensuring public and workers' safety and environmental protection. The court imposed the conditions, which will be applicable until framing of rules in the light of...

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Hovertrans Solutions to build heavy lift hovercraft at ST Marine

Singapore's Hovertrans Solutions Pte. Ltd. is to build a 50 tonne payload hoverbarge for charter. Measuring 34 m x 17 m, the modular hoverbarge will have a hover height of 1.8 m. Hovertrans Solutions is a subsidiary of ST Marine and the hoverbarge will be built...

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UK: PPA,ASCO Group to Establish Peterhead Energy Hub

Two leading North-east-headquartered organisations have joined forces to promote Peterhead Port and the facilities available in the town, within key target markets. [Read more] Source: Dredging To...

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Ithaca Energy Inc.: Athena Field Final Development Well-Drilling Commenced

Ithaca Energy Inc. announces today that the Sedco 704 semi submersible drilling unit has commenced the drilling of the final production well for the development of the Athena field ("Athena").  Well 14/18b-A2 ("the well") is being drilled from the Athena...

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Rongsheng Heavy extends cooperation with ABS

It is reported that Chinese shipbuilder, China Rongsheng Heavy Industries Group extended its strategic cooperation agreement with the American Bureau of Shipping on February 28. [Read More] Source: Steel G...

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BMT Fleet Technology to Develop Hybrid Electric Research Ship

BMT Fleet Technology, of Ottawa, Ontario has announced its collaboration with the University of Victoria to design and deliver North America’s first ever hybrid, electric research ship. The vessel, formerly known as CCG Tsekoa II, will be used by the University...

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Chariot Oil & Gas to Fund Exploration Offshore Namibia with Cash from Share Placing

Britain’s Chariot Oil & Gas expects to raise about 90 million pounds ($144.7 million) through a discounted share placing to help fund its exploration programme as it plans to drill its first well in offshore Namibia in the fourth quarter of 2011. [Read more] Source:...

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Oil prices rise as Libyan unrest continues

US crude oil prices have hit a new two-and-a-half year high amid concerns that the unrest in Libya could turn into a full-blown civil war. US light crude futures for April rose by $2.02 to $106.44 a barrel, the highest price since September 2008. [Read more] Source:...

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Latest Oil Rig Fire Results In Coast Guard Rescue Of Two

The United States Coast Guard responded on March 6, 2011, to reports of an oil production platform on fire approximately 50 miles off Grande Isle in the Gulf of Mexico. The agency’s response promptly became a rescue effort, as the two persons on board the platform...

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DOF Subsea UK Secures IRM Contract

DOF ASA' subsidiary, the Aberdeen-based specialist subsea service company DOF Subsea UK has secured a contract for Inspection, Repair and Maintenance Services in the Baobab field, West Africa which is worth approximately £1 million.  The project is scheduled...

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BOEMRE plans workshop on new offshore energy development rules

The US Bureau of Ocean Energy Management, Regulation, and Enforcement will hold a 1-day workshop on Mar. 25 in New Orleans to discuss standards and requirements for exploration and development plans, with an emphasis on new safety requirements which have been...

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Sikorsky's S-76D™ Helicopter Projected to Set Standard for Quieter Rotorcraft

Sikorsky Aircraft's newest commercial rotorcraft, the S-76D™ helicopter, continues to progress steadily toward FAA certification this year, having performed more than 225 test flights and meeting performance, reliability and pilot workload expectations, the company...

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