Malaysian contract for Australian company

Australian-owned ship builder Strategic Marine has been awarded a contract with Malaysian company JCB Oil and Gas Services to supply two 40m crew boats to service Malaysia’s expanding oil and gas sector. [Read More] Source: Motors...

Posted on 4/21/2011 / 0 comments / Read More

Bulk Carrier MV ROSALIA D’AMATO was pirated

The 74,500 tonne Italian flagged and owned vessel was on its way to Bandar Imam Khomeini (Iran) from Paranagua (Brazil) when it was attacked by a single skiff. Coalition warships had communications with the vessel and were told: ‘pirates onboard stay away’. ...

Posted on 4/21/2011 / 0 comments / Read More

IMO and Korea partner for greener shipping

​IMO and the Korea International Co-operation Agency (KOICA) today (21 April 2011) signed a Co-operation Agreement at the Organization’s London Headquarters, for implementation of a pioneering technical co-operation project on Building Capacities in East Asian...

Posted on 4/21/2011 / 0 comments / Read More

BP Agrees To Provide $1B For Gulf Restoration Projects

BP Plc has agreed to provide $1 billion to help restore wildlife and habitats in the Gulf of Mexico as part of an agreement with the U.S. and Gulf Coast state governments, the Justice Department said Thursday.This agreement, billed as the largest of its kind,...

Posted on 4/21/2011 / 0 comments / Read More

TUI Sets May Deadline for Hapag-Lloyd Bids

TUI, co-owner of Hapag-Lloyd, asked Chinese group HNA and Oman's Onyx Investments to make binding bids for a stake in the shipping group by late May, three people close to the process told Reuters. While the suitors are currently conducting due diligence, Hapag...

Posted on 4/21/2011 / 0 comments / Read More

FIRST SHIP LEASE TRUST MAINTAINS DISTRIBUTION

FSL Trust Management Pte. Ltd. (“FSLTM”), the Trustee-Manager of First Ship Lease Trust (“FSL Trust” or the “Trust”), announced today the financial results for FSL Trust for the quarter (“1Q FY11”) ended 31 March 2011.For the quarter, FSL Trust will distribute...

Posted on 4/21/2011 / 0 comments / Read More

CMB reports first quarter results

CMB’s executive committee has reviewed the results recorded for the first quarter 2011.The consolidated result for the first quarter 2011 amounts to EUR 3,4 million (2010: EUR 24,2 million). Bocimar contributes EUR 16,3 million (2010: EUR 12,6 million) to the...

Posted on 4/21/2011 / 0 comments / Read More

Drastic drop in straits piracy

KUALA LUMPUR: Six years after it was declared a war-risk zone for international shipping, the Straits of Malacca last year achieved a "close to zero incident level". Defence Forces chief Jen Tan Sri Azizan Ariffin said it was due to the collaboration among the...

Posted on 4/21/2011 / 0 comments / Read More

More Russian tankers to ply Arctic route despite cost

Russia's Sovcomflot will ship 3-4 cargoes of stable gas condensate from northwest Russia to Asia via the Arctic sea this year on behalf of Novatek (NOTK.MM: Quote) a senior Sovcomflot official said on Wednesday. [Read More] Source: Reut...

Posted on 4/21/2011 / 0 comments / Read More

Feature: FPSOs spearhead drive into deeper water

Explorers and producers of offshore oil and gas are busier than ever before and their workload is not only increasing, it is becoming more complex. Energy demand worldwide fuelled by fast-growing emerging economies continues to rise inexorably, while the drive...

Posted on 4/21/2011 / 0 comments / Read More

Dry bulk market keeps falling, now at two-month lows

The dry bulk market seems unable at the moment to recover from the weight of newbuilding deliveries, resulting in too many ships competing for fewer cargoes. The industry’s benchmark, the Baltic Dry Index (BDI) fell to 1,254 points prior to Easter holidays, down...

Posted on 4/21/2011 / 0 comments / Read More

Fire on Maersk Oil Qatar offshore platform

At 02:46 on 21 April a fire broke out on the Maersk Oil Qatar operated AD accommodation platform in the Al Shaheen field, 80 km north of Qatar.The fire which took place in the emergency generator room has been extinguished and the situation is under control. All...

Posted on 4/21/2011 / 0 comments / Read More

Global Energy Development to acquire new 3D seismic over Bolivar contract area

Global Energy Development has begun planning the acquisition of 100 sq kms of new 3D seismic over the Company's Bolivar Association Contract area. The Company has previously reprocessed existing seismic over the contract area and made an exhaustive interpretation....

Posted on 4/21/2011 / 0 comments / Read More

Two new licences on the Norwegian Shelf for RWE Dea Norge

RWE Dea Norge has been awarded two licences in the recent licensing round by the Norwegian Government. This further strengthens the company’s long-term commitment on the Norwegian Shelf. RWE Dea was awarded a 30% share in the license PL609 in the Barents Sea...

Posted on 4/21/2011 / 0 comments / Read More

Wood Group acquires of PSN

Wood Group, the international energy services company, confirms the completion today of the acquisition of Production Services Network Limited ("PSN").Bob Keiller has today been appointed as executive director of Wood Group and CEO of the combined Wood Group...

Posted on 4/21/2011 / 0 comments / Read More

FINUCANE SOUTH-1 WELL TO FOLLOW ZOLA-1

Tap Oil Limited (“Tap”) is pleased to advise that Santos, the operator of the WA-191-P joint venture, has advised that the Finucane South-1 exploration well will be drilled using the Stena Clyde semi-submersible drilling rig immediately following the conclusion...

Posted on 4/21/2011 / 0 comments / Read More

Ensco plc Reports First Quarter 2011 Results

Ensco plc (NYSE: ESV) reported diluted earnings per share from continuing operations of $0.45 for first quarter 2011, compared to $1.12 per share in first quarter 2010. There were no discontinued operations in first quarter 2011. Earnings...

Posted on 4/21/2011 / 0 comments / Read More

GALAHAD–1 WELL TO COMMENCE DRILLING IN WA-363-P

Octanex N.L.  (ASX Code:  OXX)  advises that the Galahad-1 well, the second well in the two well drilling campaign in the outer Exmouth Plateau permits WA-362-P and WA-363-P, is currently expected to spud within the next 5 to 7 days.  Galahad-1...

Posted on 4/21/2011 / 0 comments / Read More

Chevron Signs MyCelx Produced Water Treatment System for Jack/St. Malo

MyCelx, experts in produced water treatment both onshore and offshore for discharge to very low discharge limit, the ISO-9001 company certified for oil removal to less than 5 ppm by Lloyd's Register, signed a contract with Chevron U.S.A. Inc. to design and deliver...

Posted on 4/21/2011 / 1 comments / Read More

OGX Announces the Presence of Hydrocarbons in the Pipeline and Waikiki Accumulations

A OGX Petróleo e Gás, the Brazilian oil and gas company responsible for the largest private sector exploratory campaign in Brazil, announced that it has identified the presence of hydrocarbons in the Albian section of 3-OGX-40D-RJS well and in the Albian-cenomanian...

Posted on 4/21/2011 / 0 comments / Read More

BP sues Transocean for $40 bln over oil spill

On the first anniversary of the Gulf of Mexico oil spill, BP Plc sued Transocean , seeking at least $40 billion in damages and other costs from the owner of the Deepwater Horizon rig. London-based BP also sued Cameron International Corp for negligence, saying a blowout preventer made by Cameron failed...

Posted on 4/21/2011 / 0 comments / Read More

L-3 Maritime Systems Wins Contract to Provide Seaframe Control System

L-3 Maritime Systems announced today that it has been awarded a contract from General Dynamics Advanced Information Systems to supply its Seaframe Control System for the next Independence variant Littoral Combat Ship (LCS). The contract is for the first ship and...

Posted on 4/21/2011 / 0 comments / Read More

"Nevsky Shipyard", LLC has laid down the keel of the second self-propelled dry-cargo vessel

April 20, 2011 - "Nevsky Shipyard", LLC has laid down the keel of the second self-propelled dry-cargo vessel, project RSD49.On December 20th, 2011 a keel-laying ceremony for a self-propelled dry-cargo vessel, project RSD49, Yard No. 402, took place at "Nevsky...

Posted on 4/21/2011 / 0 comments / Read More