Feds Give Shell Deepwater Drilling Project Environmental Approval

The Interior Department has approved its first post-BP spill environmental review for a deepwater exploration plan in the Gulf of Mexico. Shell Offshore Inc., a unit of Royal Dutch Shell PLC, is now one step closer to final approval to drill three new exploratory...

Posted on 3/22/2011 / 0 comments / Read More

Asian shipowners outraged over lack of government action on piracy

Representatives of Asian shipowners' associations have expressed outrage over a lack of government action against an increasing number of attacks on their ships and the brutality shown by Somali pirates. The Asian Shipowners' Forum (ASF) Safe Navigation &...

Posted on 3/22/2011 / 0 comments / Read More

NATO warns hijacked vessel still being used as mother ship

NATO  is warning that although the recently hijacked MV SINAR KUDUS is now moving south towards the Somali coast, it can still conduct pirate mother-ship operations in the Arabian Sea area. [Read More] Source: Marine...

Posted on 3/22/2011 / 0 comments / Read More

Aramco, PetroChina Plan 200,000 Barrel Oil Refinery in China

Saudi Aramco and China National Petroleum Corp. agreed to build a 200,000 barrel-a-day refinery in southern China as producers seek to meet rising fuel demand in the world’s fastest-growing major economy. [Read more] Source: Bloomb...

Posted on 3/22/2011 / 0 comments / Read More

‘Maersk Constellation’ underway after extended delay in Angola

The Maersk Constellation is underway and continuing its voyage after having been mistakenly detained by authorities in Angola since Feb. 28 over questions regarding documentation of a portion of the ship’s cargo. [Read More] Source: gCapt...

Posted on 3/22/2011 / 0 comments / Read More

Spain requests EMSA assistance after ship accident off Gibraltar

Following the bow to bow collision between the oil tanker Torm Gertrud and the bulk carrier New Flame off Gibraltar on 12th August, Spain has today requested EMSA to send one of its anti-pollution vessels to the area. [Read More] Source: Sea N...

Posted on 3/22/2011 / 0 comments / Read More

Indonesian pirates robbed Thai bulk carrier Thor Nereus

On 20 Mar 11 at or about 0210 hrs, a Thailand-registered bulk carrier, Thor Nereus was underway at approximately 12 nm northwest of Pulau Damar, Indonesia [Read More] Source: Sea N...

Posted on 3/22/2011 / 0 comments / Read More

Gasoline Shipping Profit Seen Rising 24% After Earthquake

Profit from shipping gasoline to the U.S. from Europe in the second quarter will rise 24 percent as disruptions to Japanese imports divert cargoes across the Atlantic, increasing demand for vessels. Forward freight agreements, traded by brokers and used to hedge...

Posted on 3/22/2011 / 0 comments / Read More

Shaikan-2 well in Iraq finds oil: Gulf Keystone

Gulf Keystone said that the Shaikan-2 appraisal well in the Kurdistan region of Iraq and about 9km to the south-east of the Shaikan-1 discovery well has yielded oil. [Read more] Source: Energy Business Rev...

Posted on 3/22/2011 / 0 comments / Read More

CMA CGM reinforces its EPIC service between India, Pakistan, the Middle East and Europe

CMA CGM is pleased to announce the upgrading of its EPIC service between India, Pakistan, the Middle East and North Europe (5 ports served directly) thanks to the following enhancements: • A new westbound call at Port Said as of March 30, 2011, which will significantly...

Posted on 3/22/2011 / 0 comments / Read More

Maersk expects Q2 freight rate rebound

Container shipping will shake off an array of risks from Japan to the Middle East and rates will begin a seasonal recovery in the second quarter, the head of the world's biggest container shipping line said. [Read More] Source: Cargonews A...

Posted on 3/22/2011 / 0 comments / Read More

Petrobras Feb. oil output slips on maintenance works

Brazilian state-controlled oil company Petrobras said on Tuesday that output fell 2.2 percent in February from the prior month as it stopped production at some offshore facilities for scheduled maintenance. [Read more] Source: Reut...

Posted on 3/22/2011 / 0 comments / Read More

Aztec completes Upper Gulf Coast well in Texas

Aztec Oil & Gas has completed the McCaskill #1 well in the Upper Gulf Coast, located in southern Karnes County in the US state of Texas. The well, which was drilled recently to a depth of about 9,700', encountered five pay zones in the prolific middle Wilcox...

Posted on 3/22/2011 / 0 comments / Read More

Globus Maritime Announces the Acquisition of a 2007-Built Supramax Dry Bulk Carrier

Globus Maritime Limited, a dry bulk vessel owner and operator, announced that it has agreed to purchase from an unaffiliated third party a 58,790 DWT Supramax dry bulk carrier for a purchase price of $30.3 million. The vessel was delivered from the Tsuneishi Heavy...

Posted on 3/22/2011 / 0 comments / Read More

Dry bulk new building orders fall for yet another week, container ships booming

The newbuilding market is heading towards different directions as evidenced by the past week’s data and orders reported. On one hand there’s the falling interest from dry bulk ship owners, whose demand for newbuildings seems to be – finally – waning. [Read More] Source:...

Posted on 3/22/2011 / 0 comments / Read More

Chevron Awards Halliburton USD 120 Million Contract Extension in Thailand

Halliburton  has been awarded a $120 million, three-year contract extension by Chevron Thailand for the provision of directional drilling, measurement-while-drilling (MWD) and logging-while-drilling (LWD) services for its ongoing offshore developments in...

Posted on 3/22/2011 / 0 comments / Read More

Order value hits peak

The combined newbuilding order value for the full month of February came to $10.1bn, making record highs since September 2008 when it hit $11bn. Korea's Daewoo Shipbuilding & Marine Engineering was awarded 10 boxships of 18,000 TEU from AP Moller Maersk, and...

Posted on 3/22/2011 / 0 comments / Read More

Jiangsu into global shipbuilding base

Jiangsu province is the number one shipbuilding base in China in terms of scale, production capacity, ship types and ship-equipment industry, etc. [Read More] Source: Asia...

Posted on 3/22/2011 / 0 comments / Read More

SBM Offshore Delivers Another Industry First The COOL™ LNG Transfer System

SBM Offshore is proud to announce the industry’s first fully qualified and certified offshore LNG transfer system – the Cryogenic Offshore Offloading and Loading (COOL™) system. [Read more] Source: SBM Offsh...

Posted on 3/22/2011 / 0 comments / Read More

DNV looks at LNG fuel in Singapore

A joint industry project on the future small scale LNG value-chain in South East Asia has identified noteworthy potential for LNG as fuel for ships in regional trade, and predicts a future market for LNG bunkering in Singapore. [Read More] Source: Motors...

Posted on 3/22/2011 / 0 comments / Read More

AVEVA announces contract win with Hyundai Heavy Industries

AVEVA (LSE:AVV), a announced a significant new contract win with Hyundai Heavy Industries (HHI), further increasing its investment in AVEVA solutions. HHI has fully utilised AVEVA solutions since 1988.  It has based its engineering and design on AVEVA solutions for the production of its commercial,...

Posted on 3/22/2011 / 0 comments / Read More

Lundin Petroleum Awarded New Production Sharing Contract in Indonesia

Lundin Petroleum AB has been awarded a new production sharing contract (PSC) for the Gurita Block by MIGAS, the Indonesian oil and gas regulating authority, in Jakarta on 18 March 2011. The block is located in the Natuna Sea, offshore Indonesia. [Read more] Source:...

Posted on 3/22/2011 / 0 comments / Read More

Electric cargo equipment on order

Cargotec has confirmed new orders worth more than €20 million to deliver fully electric driven MacGregor cargo handling cranes, together with hatch cover design and key components. [Read More] Source: Motors...

Posted on 3/22/2011 / 0 comments / Read More

Foster Wheeler Bags Detailed Design Contract for Deepwater Pipelines in Gulf of Mexico

Foster Wheeler AG, announced today that its Global Engineering and Construction Group has been awarded a detail design contract by Enbridge Offshore Facilities, LLC for the deepwater Walker Ridge Gathering System (WRGS) export gas pipelines and the deepwater Big...

Posted on 3/22/2011 / 1 comments / Read More

Launch Wagenborg Barge 8

In Nanjing, China, Wagenborg Barge 8 was launched on March 13th. This barge, equipped with a pump-system, has a loading capacity of 13.000 ton and she measures 100 x 33 x 7,60 metre. Wagenborg Barge 8, the fourth barge Veka Shipyards B.V., Werkendam has delivered...

Posted on 3/22/2011 / 0 comments / Read More

Gazprom CEO Miller reappointed for another 5 years

The board of Russia's state-controlled Gazprom has extended the contract of its Chief Executive Officer Alexei Miller, who has headed the gas giant for almost a decade, for another five years, Gazprom said on Tuesday [Read more] Source: Ria Novo...

Posted on 3/22/2011 / 0 comments / Read More

W&T Offshore and Stone Energy join Helix Well Containment Group

The Helix Well Containment Group (HWCG) announces W&T Offshore, Inc. (and its wholly owned subsidiary W & T Energy VI, LLC) and Stone Energy Corporation have joined the organization, increasing its membership to 22 deepwater oil and gas operators. HWCG...

Posted on 3/22/2011 / 0 comments / Read More

Statfjord A production to stop in 2014 – Statoil

Production from the Statfjord platform A is expected to stop in 2014 and the platform to be removed, Norwegian energy company Statoil said on Tuesday. Statoil is currently reviewing operating plans for the platform. [Read more] Source: ISICHe...

Posted on 3/22/2011 / 0 comments / Read More

Polarcus expands 3D seismic acquisition backlog, offshore Ireland

Polarcus Limited is pleased to announce that the Company has signed a second contract with Providence Resources PLC, for a 200 square kilometer 3D seismic acquisition project in the Porcupine Basin, offshore Ireland. This new survey will commence in Q3 2011 immediately...

Posted on 3/22/2011 / 0 comments / Read More

Ithaca: Problems with Energy Enhancer jackup stall drilling at Jacky in the UK North Sea

Ithaca Energy Inc. has temporarily suspended drilling of the J03 well on Jacky due to mechanical issues on the Energy Enhancer jackup drilling rig. Additionally, the Beatrice Alpha workover well, A28, is now anticipated to return to stable production in early...

Posted on 3/22/2011 / 0 comments / Read More

Maersk Oil Receives Go-ahead for Exploration Drilling in Norwegian Sea

Maersk Oil Norway AS has received consent to carry out exploration drilling of well 6406/3-9T in the Norwegian Sea using the mobile facility Transocean Winner. [Read more] Source: OilVo...

Posted on 3/22/2011 / 0 comments / Read More

BOEMRE approves fourth GoM drilling permit for Exxon Mobil

The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) today approved a fourth deepwater drilling permit that complies with rigorous new safety standards implemented in the wake of the Deepwater Horizon explosion and resulting oil spill. [Read...

Posted on 3/22/2011 / 0 comments / Read More

W&T Offshore Responds to Report of Oil Sheen in Gulf of Mexico

W&T Offshore, Inc. (NYSE: WTI) announced that it responded to reports of an oil sheen in the Gulf of Mexico that was said to be near a W&T operated platform in Mississippi Canyon block 243 ("Matterhorn"). Following anonsite and aerial investigation by...

Posted on 3/22/2011 / 0 comments / Read More

Technip awarded Subsea contract in the North Sea

Technip has been awarded by TAQA Bratani Ltd. an installation contract for the development of the Falcon field, which is located in the North Sea approximately 560 kilometers northeast of Aberdeen, in 160 meters of water.The contract covers:project management...

Posted on 3/22/2011 / 0 comments / Read More

Guj chalks out development plan for shipyard cluster in Dahej

The government of Gujarat has prepared a development plan for building a shipyard cluster at Dahej in southern Gujarat. The government has approved a fund of Rs 500 crore to develop a marine shipbuilding park on the banks of river Narmada. [Read More] Source: Business Stand...

Posted on 3/22/2011 / 0 comments / Read More

Hanjin Shipping to receive its first ore carrier

Hanjin Shipping announced today that it received its first ore carrier. Named after the Brazilian port with the country’s largest iron ore export, “Hanjin Tubarao” is a Very Large Ore Carrier (VLOC) of 300,000 ton-class. The ship is under long-term contract with POSCO and will be deployed in the transportation...

Posted on 3/22/2011 / 0 comments / Read More

Polarcus takes delivery of Polarcus Alima

Polarcus Limited announced that Polarcus Alima AS, a member of the Polarcus Group, took delivery on 21 March 2011 of POLARCUS ALIMA, the fifth 3D seismic vessel to date to join the Polarcus fleet. POLARCUS ALIMA is the sister ship to POLARCUS ASIMA, delivered...

Posted on 3/22/2011 / 0 comments / Read More

SCI takes delivery of another Aframax tanker

The Shipping Corporation of India (SCI) last week accepted delivery of m. t. Desh Samman, an Aframax crude oil tanker. The vessel is the last in the series of 4 Aframax crude oil tankers SCI had ordered in August 2007 from Hyundai Heavy Industries Co. Ltd, Korea....

Posted on 3/22/2011 / 0 comments / Read More

141’ Motor Yacht launched at JFA shipyard

JFA shipyard has launched the 22C, a 141’ Motor Yacht on Saturday the 19th of March 2011. This boat is designed by Vripack in the Netherlands. The Hull and superstructure is build out of aluminium. This boat shapes and profile were developed for remote destinations,...

Posted on 3/22/2011 / 0 comments / Read More

Laser scanners ensure accuracy in shipbuilding

The surveying team at Meyer Werft, a shipbuilder based in Northern Germany, uses instruments only from Leica Geosystems to ensure high accuracy is maintained at all points of manufacture. [Read More] Source: Manufacturingt...

Posted on 3/22/2011 / 0 comments / Read More

Seaspan Accepts Delivery of Fifty-Eighth Containership

Seaspan Corporation (NYSE: SSW) announced today that it accepted delivery of the COSCO Prince Rupert, an 8500 TEU containership. The new containership, which was constructed by Hyundai Heavy Industries Co., Ltd., is Seaspan's third delivery in 2011 and expands the Company's operating fleet to 58 vessels. [Read...

Posted on 3/22/2011 / 0 comments / Read More

South Korean Shipbuilders Ask Posco to Raise Output

South Korean shipbuilders have asked Posco to increase production of shipbuilding plates as a hedge against a possible shortage of materials from Japan, the companies said Tuesday. Domestic shipbuilders along with cold-rolled steel companies last week asked Posco...

Posted on 3/22/2011 / 0 comments / Read More