TGS Announces Major Offshore Faroe 2D Reprocessing

ASKER, NORWAY (29 March 2011) - TGS announces that it will conduct extensive reprocessing of over 13,550 km of 2D multi-client seismic data located in waters off the Faroe Islands.  This project, designated Offshore Faroe Reprocessing 2011, will extend to...

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Solstad: Contract awards for Normand Master and Normand Mariner

Solstad Offshore ASA (SOFF) has entered into two long term contracts with Petrobras SA for the "Normand Mariner" and "Normand Master" (23.500 bhp AHTS build in -02 and -03). The two contracts have a duration of 4 years firm with an option to extend each contract...

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Petroecuador Receives 11 Contract Offers For Oil Fields

Ecuador's state oil company Petroecuador has received 11 offers from nine firms for contracts to improve and recover production at mature oil fields. [Read More] Source: Wall Street Jour...

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Chevron Phillips to conduct study for US Gulf Coast ethane cracker unit

Chevron Phillips Chemical Company said that it will conduct a feasibility study for building an ethane cracker and ethylene derivatives at one of its existing facilities in the US Gulf Coast region. [Read More] Source: Energy Business Rev...

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BP managers could face manslaughter charges over Gulf oil spill

US authorities are considering charging BP managers with manslaughter after decisions they made before the Deepwater Horizon oil well explosion last year killed 11 workers and caused the biggest offshore spill in US history. [Read More] Source: guard...

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ZPMC bags Abu Dhabi contract

Abu Dhabi Ports Company (ADPC) has announced that the Shanghai-based company ZPMC (Shanghai Zhenhua Heavy Industries) has been awarded a Dhs193m contract for six Super Post Panamax Ship to Shore Container Cranes for Khalifa Port. The announcement comes as ADPC...

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Reassured cargo ships keep stops in Japan

Five of the six biggest container shippers are maintaining routes to Tokyo and Yokohama after the U.S. Navy said radiation on vessels from the leaking Fukushima Dai-Ichi nuclear plant can be scrubbed off with soap and water. [Read More] Source: The Press-ente...

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Asia-Europe rates to drop below US$1,000 per TEU, lowest since 2009

FREIGHT rates between Shanghai and North Europe have continued to fall 5.3 per cent to US$1,019 per TEU as of March 18 from $1,076 the previous week, and rates from Shanghai to Mediterranean ports decreased 3.9 per cent to $1,001 from $1,042, according to the...

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Global container shipping back above pre-crisis levels

Global container shipping activity is back above pre-crisis levels. Meanwhile, because of the high level of China's exports to the US and Europe, an estimated 21% of containers return empty. [Read More] Source: Finfa...

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Shipowners need to change perception – LR

Lloyd’s Register says that looking for profit alone will not be enough in the future – ship owners and operators will need to concentrate on responsibilities to society as well as just making money. [Read More] Source: Motors...

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Gas Shipping Rates Seen Rising 67% After Quake: Freight Markets

The cost of shipping liquefied natural gas may advance 67 percent to a five-year high as Japan replaces its crippled nuclear industry with power plants burning fossil fuels. LNG-tanker rates will average $100,000 a day in the fourth quarter from about $60,000...

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Daewoo sees strong LNG ship orders

South Korea's Daewoo Shipbuilding & Marine Engineering believes a loss of nuclear capacity in Japan will further boost a nascent recovery in liquefied natural gas (LNG) ship orders. "The LNG market has been slowly recovering from virtually zero orders from...

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Genco Shipping & Trading Limited Completes Acquisition of 13 Supramax Vessels

Genco Shipping & Trading Limited (NYSE: GNK) today announced that it has taken delivery of the Genco Rhone, a Supramax newbuilding. The Genco Rhone is the final vessel to be delivered to the Company under Genco's agreement previously announced on June 25,...

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Container ships keep dominating new building orders

New building orders for container ships have kept stealing the spotlight in the market during the past few weeks, as more and more companies are trying to prepare themselves for the expected rise of global container trade, especially from 2013 onwards. Hot on...

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Terra Marique delivers pair of heavy cargoes

Robert Wynn & Sons' Terra Marique has successfully delivered two 270 tonne quad boosters, becoming one the largest vessel in modern times to navigate the River Ribble upstream of Preston Docks in the north of the UK. [Read More] Source: Heavy L...

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OCEANFREIGHT INC. ANNOUNCES FLEET EXPANSION

OceanFreight Inc., (NASDAQ:OCNF) a global provider of seaborne transportation services for both drybulk and energy commodities, announced today that it has entered into an agreement to purchase two resale newbuilding 206,000 DWT capesize vessels...

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Kuwait denies hijacking of state-owned oil tanker

Pirates firing rocket-propelled grenades and small arms hijacked a Kuwaiti-owned oil tanker bound for Singapore from Sudan on Monday, the European Union's anti-piracy task force said. [Read More] Source: Arabian Busin...

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Shippers Maintain Tokyo Route as U.S. Says Radiation Is Easily Cleaned Off

Five of the six biggest container shippers are maintaining routes to Tokyo and Yokohama after the U.S. Navy said radiation on vessels from the leaking Fukushima Dai-Ichi nuclear plant can be scrubbed off with soap and water. [Read More] Source: Bloomb...

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vSHIP - New ship simulator for the offshore industry

Marine Simulation is pleased to announce the release of their latest product. vSHIP is specifically designed to train and prepare ship-board personnel for the ever growing roles and responsibilities they face in support of the offshore industry. Flexible...

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Wilhelmsen Ships Service Moves Towards Ships Spares Success

Wilhelmsen Ships Service is preparing to move to Phase 2 of its recently launched Ships Spares Logistics (SSL) “First Mile to Last Mile” offer. This service provides a single point of contact for managing the delivery of spare parts from manufacturer to vessel, with total visibility on data and associated...

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Inland storage vessel M/T Alpsray exploded

The German inland tank m/v "Alpsray", 1125 ts (ENI-No.: 04008570; built 1954) exploded in the night of Mar 29 at the BP refinery Lingen. The ship had 900 tons super benzol on board. [Read More] Source: Sea N...

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Swedish cargo volumes up

The Swedish cargo handling volumes increased to 179.6 million tons in 2010, up from 162 million the previous year. The result is based on data from all Swedish ports, according to Transport Analysis, the government agency responsible for official statistics of...

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The last plate processed at Odense yard

This week Odense Steel Shipyard cut the very last steel plate for a newbuilding from the shipyard. The plate is going to be a part of hull nr. 232, which is a roro ship for Pacific Basin Co, Hong Kong. [Read More] Source: ship...

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Large Norden deal cancelled

NORDEN announced that the Company had entered into a conditional agreement for the sale of up to 6 Handysize vessels, subject to the buyer’s final approval before 30 March 2011. The buyer has not been able to submit this final approval, and consequently, the...

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World-first Incat LNG ship to operate in South America

Australian shipbuilder Incat Tasmania Pty Ltd is pleased to announce the name of the customer for their world first high speed passenger Ro-Ro ship powered by LNG (Liquified Natural Gas). The 99 metre LNG ship was contracted by South American company Buquebus...

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Ithaca resumes Jacky drilling

– Ithaca Energy Inc. (TSX Venture: IAE, LSE AIM:  IAE) announces that drilling of the J03 well on the Jacky field has now recommenced, as previously stated. The Energy Enhancer drilling unit is now fully operational following successful repair to...

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Desire spuds new Falklands well

Desire Petroleum plc (DES:AIM) the oil and gas company wholly focussed on the North Falkland Basin announces that the 14/15-3 exploration well on the Ninky prospect was spudded at 02.45 BST on 29 March 2011. The prospect is a combined structural dip and stratigraphic pinch-out trap with multiple reservoir...

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Noreco pulls out of Norway transaction

Norwegian Energy Co. (Noreco) has decided not to sell its interests in the Oselvar and Enoch fields offshore Norway to Marubeni Corp. The two parties entered into an agreement for the sale last September 2010. However, earlier this month the Norwegian authorities...

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Statoil: More fast-track projects in the pipeline

This will be the year Statoil is planning and realising several fast-track developments on the Norwegian continental shelf (NCS). Two new projects are being launched these days, namely Gamma/Harepus and Snorre B template. A plan for development and operation...

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Keppel receives US$8 million from QGOG for early delivery of Alpha Star

The DSSTM 38 ultra deepwater semisubmersible rig was delivered a record four months ahead of schedule. Keppel FELS Limited (Keppel FELS) has delivered Alpha Star, the second of two DSSTM 38 semisubmersible rigs, to Brazil's Queiroz Galvão Óleo e Gás (QGOG) four...

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Technip awarded Offshore contract in the United Arab Emirates

Technip was awarded an engineering services contract by ZADCO* for the UZ 750 project, one of the major offshore field development projects in the United Arab Emirates. The project aims at increasing by 2015 the oil production of the Upper Zakum field (located...

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Contango Announces Successful Well at Vermilion 170 (“Swimmy”) and Updates Operations

Contango Oil & Gas Company (NYSE Amex: MCF) announced today that it has drilled a successful exploratory well at its Swimmy prospect located Offshore Gulf of Mexico on Vermilion block 170.  The Company’s independent third party engineer estimates...

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Transocean mulls new spinoff

The world's largest offshore drilling contractor said it will consider spinning off an older part of its fleet to improve its financial profile. This is in addition to plans it announced earlier to build new rigs and dispose of older ones. [Read More] Source: IB...

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Dragon Oil Complets Drillg of Dzheitune Wells

Dragon Oil plc (Ticker: DGO), an international oil and gas exploration and production company, announces the completion and initial testing of the Dzheitune (Lam) 28/152 and B/153 development wells. The Dzheitune (Lam) 28/152 well was drilled to a depth of 3,768...

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ntrim Energy Signs Rig and Services Contract for North Sea Drilling Program

Antrim Energy Inc. (TSX:AEN) (AIM:AEY) ("Antrim"), an international oil and gas exploration and production company, is pleased to announce it has signed a "Letter of Award" with AGR Peak Well Management Limited ("AGR") to provide well project management and drilling...

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Swire takes ST Marine's first delivery of seismic survey vessel

ST Marine has delivered its first seismic survey vessel to Swire Pacific Offshore Operations, a wholly-owned subsidiary of Swire Pacific Limited. The S$30m ($23.8m) vessel, Pacific Finder, was built according to the basic design and major equipment provided by...

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Wärtsilä and Aker Solutions to jointly develop cutting edge High Performance Turbine Installation Vessel

Wärtsilä, the marine industry’s leading solutions provider, and Aker Solutions, the international oil and gas services company, have agreed to combine their fields of expertise to develop a new and environmentally sound concept for offshore wind farm installation...

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Deep Sea Supply Receives New AHTS SEA JACKAL from ABG Shipyard

Deep Sea Supply yesterday took delivery of “Sea Jackal”, a newbuilding AHTS from ABG Shipyard, India. “Sea Jackal” is the 6th delivery in a series of 9 newbuilding AHTS vessels from ABG. The Deep Sea Supply fleet now consists of 13 AHTS and 8 PSVs, in total 21...

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