First Orphan Basin Oil Exploration for mid-August
In mid-August, Chevron Canada will drill the first exploratory well in the Orphan Basin. According to industry experts, the exploration of the Orphan Basin could…
Petrobras to Increase Equipment Spending
Petroleo Brasileiro SA, Brazil's state-run oil company, will double its spending on drilling equipment to$7b this year, ahead of possible price hikes in an overheated international market…
Danish Shipping Firm Sells Tankers
A/S Dampskibsselskabet Torm, a Danish shipping company, is selling three of its tankers for a total of $63m. The move is part of Torm's strategy of selling older…
Omega Navigation Releases Results
Omega Navigation Enterprises, Inc. announced its financial and operational results for the second quarter and for the six-month period ended June 30, 2006. The company…
CNOOC Might Announce New LNG Supply Deal
China National Offshore Oil Co. (CNOOC) could announce a liquefied natural gas (LNG) supply deal in about two to three months, its first in four years, reported China Knowledge Online.
Korean Shipbuilding Exports Surge 15.4 Percent
The combined exports of Korea’s shipbuilders rose 15.4 percent from a year ago to $10.5b in the first half of this year on delivery of large container carriers, The Korea Herald reported.
Senate Approval Expected for Offshore Drilling Bill
The U.S. Senate has cleared the way for legislation that would open more than eight million protected acres in the Gulf of Mexico to oil and gas drilling. Senators voted 72-23 to limit debate…
Northrop Grumman Awarded $58.4M Navy Contract
The U.S. Navy has awarded Northrop Grumman Corporation a $58.4m contract to continue life cycle engineering and technical services in support of the Navy's fleet…
2Q Results for Wilh. Wilhelmsen
The Wilh. Wilhelmsen ASA (WW) maritime group released its result for the second quarter and the first half. WW has written down the value relating to assets in Global Automotive Logistics SAS (GAL)…
VT Starts Production on Type 45 Destroyer
VT Shipbuilding started production of the latest Royal Navy Type 45 destroyer on July 31. Construction of the fifth ship in the Class, which will be called HMS Defender…
BAE Systems, SENER Close $3.8M Deal
Acting on behalf of the Aircraft Carrier Alliance (ACA), UK-based BAE Systems Marine Limited, has closed a contract with the Spanish company Sener Ingeniería y Sistemas S.A.…
ITS to Upgrade Mediterranean –U.S. East Coast Service
Italia Marittima SpA (ITS) is set to upgrade its Mediterranean – U.S. East Coast (MUS) service in a two-stage process that will see larger and faster ships serving the trade.
ACL to Christen Fourth Inland Towing Vessel
American Commercial Lines Inc. will christen the M/V Warren E. Bourgeois on August 2 at the new Houston Fleet Facility in Channelview, Texas. The vessel’s namesake, Mr. Warren E.
Interferry Presents Mitropoulos with Distinction Award
Efthimios Mitropoulos, secretary-general of the International Maritime Organization, recently became the first holder of a new award for significant contribution to the ferry industry…
