BowLeven Plc - Sapele-1 sidetrack (Sapele-1ST), Block MLHP-5

Bowleven, the West Africa focused oil and gas exploration group traded on AIM is pleased to announce that the Sapele-1ST well drilling in the Douala Basin, offshore Cameroon has encountered a total of 23 metres of net hydrocarbon-bearing pay in the Omicron objectives...

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Keppel Corp says Q1 net profit up 8 pct, rig orders rebound

Keppel Corp , the world's largest rig-builder, reported a better-than-expected 7.8 percent rise in quarterly net profit on Wednesday, helped by better margins from its offshore and marine business, while new orders for oil rigs rebounded. [Read More] Source: ...

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Napa signs an agreement with Daewoo Shipbuilding & Marine Engineering

Napa Ltd, the leading software house for ship operations, signed an agreement with Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME). The agreement specifies the co-operation with sales, model creation and delivery of the environment-friendly NAPA-DSME...

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Gulf Navigation signs 2 VLCC New Buildings

Gulf Navigation Holding, PJSC (DFM: GULFNAV) one of the leading ship-owners and maritime services company in the region, announced today the signing of a contract with Zhoushan Jinhaiwan Shipyard Co. LTD of Shanghai to build 2 Very Large Crude Carriers (VLCC)...

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Hamworthy selected for gas-powered ships

Hamworthy has signed a contract to install liquefied natural gas storage tanks and fuel systems on board four gas-powered ferries to be constructed at the Remontowa Shipyard in Gdansk, Poland for delivery in the second half of 2012.The ships, which will be delivered...

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STX Finland signs a major maintenance contract for Saipem pipelay ship

On 20 April 2011, STX Finland Oy and Saipem S.p.A signed a contract on major overhaul and maintenance of the semisubmersible pipelay vessel Castoro Sei. The work on the ship, providing employment for as many as about 1,000 people, will be completed by STX's Turku...

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NEW PRESIDENT OF STX FINLAND

Juha Heikinheimo has today resigned from the position as President of STX Finland Oy. He will be replaced by Su-Jou Kim, who currently holds the position as Chairman of STX Finland. Su-Jou Kim will be temporary acting President of STX Finland. Despite significant...

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IFS launches Center of Excellence for Oil & Gas

IFS, the global enterprise applications company, today launches its Center of Excellence for the Oil & Gas industry. The Center will be based in Norway. Founded on IFS’s successful track record delivering project-based industry solutions to mid-size and large...

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Oceaneering: Deepwater Drill Support Record Set

An Oceaneering® Millennium® Plus work class Remotely Operated Vehicle (ROV) has set an ROV ultra deepwater drill support depth record offshore India while working at 3107m (10,194 ft) water depths. Millennium 77 has supported drilling operations on...

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Gazprom meets all obligations under Russian Regions Gasification Program 2010

The Board of Directors appreciated the results of the Russian Regions Gasification Program 2010 implemented by Gazprom and tasked the Company's Management Committee to carry on the gasification activity in 2011. In the course of the meeting it was highlighted...

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Mitsui's Moex Blames Partner BP for Gulf of Mexico Rig Blow-Out, Oil Spill

BP Plc (BP/) was sued by Mitsui & Co.’s Moex Offshore LLC unit and Anadarko Petroleum Corp. (APC), both minority partners in the blown-out Macondo well, over economic losses from the project’s failure and the Gulf of Mexico oil spill that followed. [Read More] Source: Bloomb...

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Petrobras: Start of EWT of Brava Area

Petrobras commenced the Extended Well Test (EWT) in the Campos basin’s pre-salt Brava Area, in the Marlin Field Production Concession, 170 km off the coast of Macaé, in Rio de Janeiro.The EWT is expected to last two years, with daily output of 6,000 barrels of...

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GOLAR LNG LIMITED - Further New Building LNG Carrier at Samsung

Golar LNG Limited ("Golar" or the "Company") is pleased to announce in furtherance of its recent press release regarding new buildings, that it has acquired further firm contracts to build two additional 160,000 m3 LNG carriers with the Korean shipbuilder...

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FAIRSTAR achieves keel laying milestone for new Semi-submersible Vessel

Fairstar Heavy Transport N.V. (FAIR) attended the keel laying ceremony of the 50,000DWT semi-submersible vessel FORTE at the GSI facility in Qidong, China. Senior executives from Guangzhou Shipbuilding International (GSI), Det Norske Veritas (DNV) and Fairstar...

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CIC Standing in front of China Ship Repair

CHINA SHIPREPAIR MAGAZINE (2nd edition, 2011) with the information from China Shipbuilding Industry Association, released its annual “China Ship Repair Ranking List 2010”, and China Shipping Industry Co., Ltd. (CIC) had the first place in terms of the number...

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OOCL report increased first quarter results

The Board of Directors (the “Board”) of Orient Overseas (International) Limited (the “Company”) has adopted a policy of announcing unaudited operational updates for Orient Overseas Container Line (“OOCL”) on a quarterly basis. This announcement sets out the unaudited...

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Ban stresses need for comprehensive global response to piracy off Somalia

Secretary-General Ban Ki-moon today called for a comprehensive response to maritime piracy off the coast of Somalia, saying the menace is a consequence of the overall insecurity, lack of a stable national government and underdevelopment in the Horn of Africa country. “Piracy...

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Container Carriers Earned Record Profits in 2010

Ocean container carriers earned an estimated $14 billion in 2010, the most profitable year in the industry's history, almost cancelling the aggregate operating loss of $15 billion in 2009. [Read More] Source: Journal of Comme...

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The Challenge of managing overcapacity

Chief Shipping Analyst at BIMCO, Peter Sand, spoke last week at the Inaugural Scandinavian Shipping & Ship Finance Conference in Copenhagen, Denmark on 6-7 April 2011.The conference organisers had assembled an international line-up of industry experts and...

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Ship owners back to new building orders, this time though not for dry bulk carriers

With the current and future oversupply of tonnage in the dry bulk sector finally weighing down on ship owners investment decisions, it seems that interest in the new building sector has shifted towards other types of vessels, such as container ships, offshore...

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Aker Solutions wins drilling equipment contracts

Aker Solutions has signed two contracts with Daewoo Shipbuilding & Marine Engineering (DSME) for the delivery of complete drilling equipment packages for two new deepwater drillships. The contracts have a total value of about $230 million.The drilling equipment...

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Tap Oil abandons Zola well

Tap Oil Limited (ASX Code: TAP) provides the following update on the Zola-1 exploration well, offshore Carnarvon Basin, Western Australia.The Zola-1/Zola-1 ST1 well is located in permit WA-290-P, immediately south of the giant Gorgon gas field in the Carnarvon...

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AED OIL: EXPLORATION PERIOD FOR ROMBEBAI CONTRACT EXTENDED

AED Oil Limited (ASX Code: AED) is pleased to announce that AED Rombebai B.V. as 100% operator of the Rombebai Block in Papua, Indonesia has received an extension of the exploration period for its current production sharing contract (PSC) until 15 July 2013.   AED...

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