Chevron appeals against Ecuador damages award

Chevron Corp. has filed an appeal against an $8.6 billion damages ruling by an Ecuadorean judge in one of the largest environmental lawsuit judgments ever, a local court official said on Thursday. [Read more] Source: Reut...

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Eni's Libyan oil production near complete halt

The chief of Eni, the biggest gas exporter from Libya, said Thursday that oil production across the battle-torn country is near a complete halt and that the Italian company's output is down to little more than supplying power to Libyan households. [Read more] Source:...

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Samsung seen winning Saudi NGL mega project

Samsung Engineering is likely to win major contracts to build Saudi Arabia's multi-billion dollar Shaybah natural gas liquids project after submitting the most attractive bids, several sources familiar with the project told Reuters.  [Read more] Source: Trade...

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Most Sky stuck in lockup

A new crew has taken charge of a ship condemned as “squalid” in the UK but the conditions that led to its initial detention nearly fourth months ago appear to have gone from disgraceful to deplorable. [Read More] Source: TradeWi...

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Chesapeake Partners With Norwegian Driller Statoil

Chesapeake Energy and its Norwegian partner, Statoil ASA, believe they could drill as many as 17,000 horizontal Marcellus Shale natural gas wells over the next 20 years. [Read more] Source: The Intelligencer&nb...

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Norway will not allow Lofoten oil drilling

Norway will not allow oil drilling off an Arctic archipelago for the lifetime of the present parliament, state broadcaster NRK reported late Thursday, resolving the ruling coalition's most divisive issue. [Read more] Source: Reut...

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Noble Corp Inks Seven Rig Deals With Pemex

v. (NE) said Thursday that six of its shallow-water jackup drilling rigs have been leased by Mexico's state-owned oil company Petroleos Mexicanos, or Pemex. If completed, those contracts, which range between 139 days and 624 days, will pay Noble at least $182.1...

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BUY OR SELL-Oil on the boil: a two-edged sword for crude carriers

Shares of companies that own oil tankers have perked up as crude oil prices have jumped to 2-1/2-year highs on fears that unrest in North Africa and the Middle East could disrupt supplies. [Read More] Source: Reut...

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Gazprom, Wintershall ink agreement to expand gas production from Achimov deposits in Russia

Russian NOC Gazprom has signed an agreement with BASF to expand gas production with Wintershall at the Achimov deposits of Urengoy natural gas and condensate field in Russia.  [Read more] Source: Penn Ene...

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Vantage Drilling Company Announces Agreement to Provide Construction Management Services for Two Aker Drilling Ultra Deepwater Drillships

Vantage Drilling Company today announced that it has signed a definitive agreement to provide services related to design, construction and commissioning on behalf of Aker Drilling ASA ("Aker Drilling") of two Ultra deepwater drillships being built at Daewoo Shipbuilding...

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RBG starts strong in 2011 with major contract wins

RBG, which provides a wide range of expert services to maintain the integrity of production facilities, has experienced a period of significant activity in the North Sea, securing contract wins with a number of major operators to be delivered over the next few...

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Keppel Shipyard Bags USD 133.7 Million Worth of Contracts

Keppel Shipyard Limited (Keppel Shipyard), a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured new contracts totalling S$170 million(approximately USD 133.7 Million) for two fast-track projects. [Read more] Source: Offshore...

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UK: Maersk proves North Sea gas-condensate find

Maersk Oil appraised the 2008 Culzean high-pressure high-temperature gas-condensate discovery in the UK Central North Sea. The 22/25a-10z appraisal well 145 km east of Aberdeen confirmed hydrocarbons in Triassic and Jurassic target reservoirs at an average depth...

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Swiber wins $125MM subsea pipeline installation contract in South Asia

Swiber Holdings Limited has received a Notice of Award from a leading oil and gas operator in South Asia worth approximately US $125 million.  [Read more] Source: Penn Ene...

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Finnlines’ vessels in blockade

The Finnish Transport Workers’ Union AKT has declared a cargo handling blockade for Finnlines’ vessels in all Finnish ports. The stevedores will neither discharge nor load the company’s vessels during this time. Finnlines stresses that the blockade is illegal. [Read More] Source: Ship...

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Odfjell to receive USD 50 million in damages

The cassation court in St. Petersburg has decided in favour of Odfjell against the Russian state-owned yard Sevmash. Thereby the court confirms the decision of the state commercial court in Arkhangelsk allowing enforcement of the arbitral award, which now with...

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Coastal Energy makes oil discovery at Bua Ban North, Gulf of Thailand

Coastal Energy Company announced an oil discovery at Bua Ban North and a successful appraisal of the Songkhla A-07 sidetrack, both in the Gulf of Thailand. [Read more] Source: Proactive Invest...

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Green lubes for cruise shipmanager

Castrol Marine has announced a deal to supply environmentally responsible lubricants to Miami-based cruise ship management company International Shipping Partners (ISP). [Read More] Source: Motors...

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New shipping line provides weekly link between Hamburg and the east coast of South America

On 6 March 2011, the container ship HANJIN CHENNAI docked in the Port of Hamburg for the first time within the scope of the new joint service shared by HANJIN, UASC, COSCO and CCNI between Northern Europe and the east coast of South America. The new ESE service...

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EU NAVFOR and Italian Navy Rescue Crew of Pirated Vessel in SOLAS case

On the morning of 9 March, marine authorities received a distress call from the MV ARAK AFRIKANA stating that they were taking on large amounts of water due to what was described as a ‘hole in the hull’.  The vessel had been released from pirate control only...

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Northern says drilling starts on Guyane Maritime permit

Operator Tullow Oil believed the GM-ES-1 well had the potential to open up a major new oil province in Guyane, with a significant number of further prospects and leads already identified. [Read more] Source: International Business Ti...

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Sailor boycott may threaten oil flows more than Libya halt

The threat by international sailors' unions to boycott "high risk" oil sea lanes out of the Middle East because of frequent acts of piracy might prove a bigger risk to the smooth flow of crude from the oil-rich region than the disruption of Libyan oil exports,...

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UK seizes Libya-bound boxes, ports close, cargo diverted

LIBYA's ports have been bypassed as shipping lines divert cargo elsewhere fearing the safety of their crews, or having ships stalled in port as dockers abandon their posts because of the civil unrest. [Read More] Source: Turkish Marit...

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DOF Subsea Wins Contracts Extensions for Three Platform Supply Vessels

DOF Subsea, a Norwegian supply shipping company that operates 67 vessels, announced that it has signed contract extensions for three vessels with Shell UK Ltd and Peterson Supplylink BV. [Read more] Source: Offshore Energy To...

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Libya sanctions to hit ship activity -tanker owner

Sanctions imposed on Libya will hamper shipping activity with the country as transactions are dollar-based and cleared in the United States, a Middle East tanker owner said on Wednesday. [Read More] Source: Reut...

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TGS Signs Letter of Intent for 3D Vessel

TGS announces that it has signed a Letter of Intent with CGGVeritas to charter a high capacity vessel for 3D multi-client projects in Europe during the 2011 summer season.  The charter will begin before the end of April and will last for approximately 4 months....

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CMA CGM Group launches its eco-calculator

CMA CGM Group announces the launching as from April of an eco-calculator accessible to all its customers via its e-business platform. [Read More] Source: Sea News Tur...

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Container shipping driving up the new building market

In the post-Maersk mega container ship order era, shipbuilders are looking to capitalize on the deal’s repercussions across the sector, with the relative story proving to be enough to mobilize the new building market, as enquiry remains at a persistent enough...

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Technip wins subsea installation contract at EOG's Conwy field in the East Irish Sea

Technip was awarded an installation contract, worth more than €20 million, by EOG Resources United Kingdom Limited, for the development of the Conwy field, located in the East Irish Sea.  [Read more] Source: Penn Ene...

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Vantage Drilling Company Announces Agreement to Provide Construction Management Services for Two Aker Drilling Ultra Deepwater Drillships

Vantage Drilling Company ("Vantage, or the "Company") (NYSE Amex: VTG.U) (NYSE Amex: VTG) (NYSE Amex: VTG.WS) today announced that it has signed a definitive agreement to provide services related to design, construction and commissioning on behalf of Aker Drilling...

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FAIRSTAR HEAVY TRANSPORT N.V. attends steel cutting ceremony for new build 50,000DWT semi-submersible vessel FINESSE

Fairstar Heavy Transport N.V. (FAIR) announces that steel cutting for the second of its new build 50,000DWT open-stern semi-submersible vessels, FINESSE took place on March 5, 2011. The ceremony was at the ASIC facility in Nantong, China. ASIC is the primary sub-contractor...

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Beihai inks cape trio

China's Qingdao Beihai Shipbuilding Heavy Industry has won three 180,000-dwt capesize bulkers from Shandong Shipping for delivery in 2012 and 2013. [Read More] Source: Asia...

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Tsuneishi won 10 bulkers

Japan's Tsuneishi Shipbuilding won 10 newbuilding contracts last year centering on small- and mid-size bulkers, so its four shipyards in and outside Japan have secured enough workload by the end of 2013. [Read More] Source: Asia...

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China on track to growth

China's shipbuilding industry has shown signs of full-scale recovery since the beginning of the year. [Read More] Source: Asia...

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Indonesia keeps allowing foreign vessels operating in oil, gas exploration

The Indonesian government has decided to exclude foreign vessels operating in oil and gas from a new cabotage rule that will be issued April 7, which allows the vessels to continue operating in gas and oil exploration in the country, a senior official of the Energy...

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Japan to offer Q2 HRC exports to South Korea at USD 1000 FOB

TEX reported that some Japanese integrated steelmakers are thought to have offered their HR coil exports to South Korea at USD 1,000 per tonne FOB for shipments in the April to June 2011 quarter, negotiations on which have started this week. It is understood that the offer price amounts to an increase...

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The Netherlands: Offcials Open Registration for OMAE 2011

With a record number of more than reviewed 850 papers, the OMAE2011 Conference (International Conference on Ocean, Offshore and Arctic Engineering) in Rotterdam is an ideal forum for offshore engineers, researchers, managers and students to present their progress...

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Shipbuilder continues to dump toxic waste

Hyundai Vinashin Shipyard Company (HVS) in central Khanh Hoa Province has blatantly defied all civic laws as it continuously dumps hazardous used toxic nix waste on dumping sites, polluting residential areas. [Read More] Source: Sai...

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Dubai World's Drydocks Unit Sued in Singapore for Failing to Pay Suppliers

Two Singapore units of Drydocks World LLC, the ship repair unit of state-owned Dubai World, which is attempting to restructure $24.9 billion of debt, were sued in Singapore’s High Court for not paying suppliers. [Read More] Source: Bloomb...

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Norway: Havila Shipping to Finance Havila Subsea Vessel through Bond Issue

Havila Shipping ASA is contemplating a new secured bond issue with maturity in March 2017. The bond loan will be NOK 600 million. The net proceeds from the bond issue will be directed towards long term financing of the vessel Havila Subsea. [Read more] Source:...

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Malaysian crew boat from Strategic Marine

Western Australian shipbuilder Strategic Marine’s Singapore shipyard has delivered another 40m offshore oil and gas support vessel to Malaysia. [Read more] Source: The Motors...

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Hercules Offshore announces fourth quarter and full year 2010 results

Hercules Offshore, Inc.  today reported a loss from continuing operations of $84.6 million, or $0.74 per diluted share, on revenue of $172.3 million for the fourth quarter 2010, compared with a loss from continuing operations of $26.9 million, or $0.23 per...

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