M3nergy to Expand Facilities
Oil and gas field services provider M3nergy Bhd says it may expand its floating, production, storage and offloading (FPSO) facilities in the future when opportunities…
Oil and Gas Devt Corp. Teams with PSC Tema Shipyard Ltd.
Oil and Gas Development Corporation (OGDC), a UK-based oil company has signed a Memorandum of Understanding (MOU) with PSC Tema Shipyard Limited to provide various…
Indonesia Offers 26 Oil-and-gas Blocks
According to Thomson Financial, the Indonesian government launched a tender for 26 oil-and-gas blocks to boost the country's oil and gas production. The oil and…
Port Approves Nearly $15M in New Contracts
Houston port commissioners approved about $15m in new contracts for the Bayport container terminal, mostly for dredging to accommodate larger vessels. That $12.8m contract went to Orion Construction.
NOL Group Third Quarter Net Profits Up
Global container shipping and logistics group Neptune Orient Lines (NOL) today reported a net profit for the third quarter of 2007 of $191m, 50% higher than for the same period in 2006.
APL to Take Delivery of First ‘Ocean-capable’ 53-foot Containers
Container shipping leader APL announced its latest innovation: 53-foot ocean containers that could significantly alter the U.S. import market. The Singapore-based…
Transocean Inc. Releases Update on Fleet Contract Status
Transocean Inc. (NYSE:RIG) announced that its report of drilling rig status and contract information covering the company's offshore drilling fleet has been updated as of October 30, 2007.
Northrop Grumman Awarded $8.2M Navy Contract
Northrop Grumman Corporation (NYSE:NOC) was awarded a contract by the U.S. Navy for engineering and technical services work. AMSEC LLC, a subsidiary of Northrop…
Northrop Grumman Wins $3.5M Navy Contract
Northrop Grumman Corporation (NYSE:NOC) was awarded a contract by the U.S. power systems engineering and technical services work. AMSEC LLC, a subsidiary of Northrop…
FreeSeas Inc. Declares Close of Common Stock Offering
FreeSeas Inc. (Nasdaq:FREE, Nasdaq:FREEW, Nasdaq:FREEZ), a provider of seaborne transportation for drybulk cargoes, announced the closing of the sale of 11,000,000…
EPL Announces First Production from Well
New Orleans-based Energy Partners Ltd., reported its South Timbalier 41 Cap Rock discovery well is now online and is producing about 1,900 barrels of oil and 18…
Callon Petroleum Elects McVay to Board
Natchez, Miss.-based Callon Petroleum Company announced it has elected Larry D. McVay to its board of directors. Callon Petroleum is an oil and gas exploration and production company…
Allis-Chalmers Acquires Rebel Rentals
Houston-based Allis-Chalmers Energy Inc. reported it has acquired Lafayette, La.-based Rebel Rentals Inc. for $6.75m. Officials contend the acquisition will strengthen…
McDermott Names VP
Houston-based McDermott International Inc. reported that Dennis S. Baldwin has joined the company as vice president and chief accounting officer. Baldwin replaces Michael S.
McMoRan Completes Test in Gulf
McMoRan Exploration Co. has completed a successful production test at its Flatrock discovery located in the South Marsh Island section of the Gulf of Mexico. According to the company…
Transport Conference Coming to New Orleans
The Mississippi Valley Trade & Transport Council will host the 26th annual World Trade and Transport Conference in New Orleans, January 30 through February 1. The…
Gulf Island Earnings Steady
Houma, La.-based Gulf Island Fabrication reported steady earnings and higher revenue recently. The company’s net income during the quarter that ended Sept. 30 was $10m…
International Markets Keep Tidewater Earnings Strong
New Orleans-based Tidewater Inc. reported its second quarter earnings recently, citing improving rental rates throughout international markets. During the quarter that ended Sept.
This Day in Navy History
Oct. 31: 1941 - German submarine U-552 sinks USS Reuben James (DD 245), which was escorting Convoy HX 156, with a loss of 115 lives -- First U.S. ship lost to enemy action in World War II. 1943 - Lt.
Hearing on Implementation of the SAFE Port Act
The Subcommittee on Border, Maritime & Global Counterterrorism of the House Committee on Homeland Security conducted an oversight hearing on Implementation of the SAFE Port Act.
