Wood Review Aims to End Squabbles in UK's North Sea
By John Kemp. The opinions expressed here are those of the author, a columnist for Reuters. Britain's North Sea exploration and production business is set to be transformed…
Asia-Pacific Crude-Weaker; ONGC sells Sokol
The Asia-Pacific crude market weakened on Monday with differentials for Russian Sokol depressed by slow demand during peak maintenance season, but a recovery in…
Mild Weather in Europe Hurts Coal Prices
European physical coal prices on Monday dropped to their lowest level since last summer as mild weather pulled down demand. Cargos for delivery in March to the ports of Amsterdam…
Saipem wins $520m offshore contracts in Congo, Indonesia
(Reuters) - Saipem has won new contracts for off-shore engineering and construction in Congo and Indonesia worth a total $520 million, the Italian oil services group said on Monday.
COSCO 2013 Net Profit Falls 71%
Chinese shipbuilder COSCO Corp (Singapore) Ltd on Monday reported a 71 percent fall in full-year 2013 net profit, due to lower profit contributions from ship building and marine engineering segments.
Kongsberg Delivers 50th HAIN System
Kongsberg Maritime has delivered its 50th HAIN (Hydro Acoustic aided Inertial Navigation) Reference System, to long-time HAIN user, Ocean Rig. HAIN significantly improves reference data accuracy and update rate sent to Dynamic Positioning (DP) systems to support safer, more reliable and efficient offshore drilling operation. It is also suitable for applications including offshore loading and specialist operations such as offshore construction.
Jensen to Design LNG Bunker Barges
Houston-based LNG fuel supply and distribution company LNG America LLC announced today that it has contracted Jensen Maritime, Crowley Maritime Corp.'s Seattle-based naval architecture and marine engineering company, to design the initial bunker/shuttle barge for its U.S. Gulf Coast operations. Currently no LNG bunkering barges are in operation in American waterways, and these vessels will be among the first to be developed and built…
Sembcorp Marine Q4 Net Profit Up 9.2%
(Reuters) Singapore's Sembcorp Marine Ltd, one of the largest offshore drilling rig producers in the world, said its net profit in the fourth quarter rose 9.2 percent…
India Drops Anti-piracy Charges against Italian Marines
India has dropped a plan to prosecute two Italian marines accused of killing two Indian fishermen under a tough anti-piracy law, a government lawyer said on Monday…
Israel Seaport Shut When Workers Stage Slowdown
(Reuters) - Israel's Haifa seaport, one of the country's main trade arteries, has been shut indefinitely after management told employees involved in a work slowdown to stay home.
Britain Oil Review: New Regulator Needed to Lift Output
Britain urgently needs its oil and gas companies to pay for a new regulatory body to encourage industry collaboration and counter plunging North Sea production rates…
Two PSV Build Contracts for Ulstein Verft
On February 24, ULSTEIN announced the shipbuilding contracts for two new platform supply vessels (PSVs) for Blue Ship Invest. The vessels are of the PX121 design and are scheduled for delivery from Ulstein Verft Q1 2015. Ulstein Verft currently has seven vessels on order. In total, ULSTEIN has sold 20 designs of the PX121 design, and the two new vessels will be number nine and ten of this design type to be constructed at Ulstein Verft.
Oil Holds around $110
Brent crude oil steadied around $110 a barrel on Monday, resisting sharp declines in some other risk assets on news of further supply losses in Africa and expectations of revived oil demand growth.
Euro Coal: Prices Drop on Mild Weather Outlook
European physical coal prices on Monday dropped to their lowest level since last summer as mild weather pulled down demand. Cargoes for delivery in March to the ports of Amsterdam…
Rising Volumes of GMO-Free Soy Available
Soybeans that are free of genetically modified organisms (GMOs) are available in growing volumes, despite claims by German poultry producers that supplies are falling…
LUKOIL Marine Debuts EAL Generation
Due to new U.S. regulations, almost all ships exceeding 24 meters in length which are operating in U.S. coastal waters are confronted with much stricter environmental protection requirements.
Shell Advances Peterhead Clean Energy Project
Shell has signed an agreement with the U.K. Government to progress the Peterhead Carbon Capture and Storage (CCS) project to the next phase of design. The project, led by Shell, with strategic support from SSE, owners of the Peterhead gas power station in Aberdeenshire, aims to capture10 million metric tons of CO2 over 10 years. This will generate enough clean electricity to power the equivalent of 500,000 homes a year.
New Container Line Includes Hamburg and the Black Sea
The French shipping company CMA CGM is expanding its range of liner services from Hamburg and including Black Sea ports in its schedule for the first time. Today, the CMA CGM Lavender sails on the extended FEMEX 1 Northern Europe-Mediterranean full container service from HHLA Container Terminal Burchardkai in Hamburg. Passing through the Bosphorus, for the first time she will also be calling at the Black Sea ports of Samsun (Turkey), Novorossiysk (Russia) and Constanta (Rumania).
ABB S2S System for Color Line Ferry
ABB, a global provider of power and energy solutions, is to supply a complete Shore to Ship Power (S2S) system to Color Line’s ro-pax ferry, SuperSpeed1. The 34,231 tons gross SuperSpeed1, built by Aker Finnyards at Rauma in Finland, has been in service on the Kristiansand – Hitshals route since 2008 and is the third Color Line vessel to be equipped with ABB’s system, after the Color Magic and Color Fantasy.
Drydocks World Repairs Self-elevated Crane Vessel
Drydocks World, an international provider of maritime and offshore services to the shipping, oil, gas and energy sectors, completed major repair and refurbishment of National Drilling Company’s (NDC) self-elevated crane vessel Al Ghweifat at its Dubai-based shipyard. The 165 ft x 140 ft x 15 ft self-elevated crane vessel has undergone extensive maintenance related repair and refurbishment. Extensive maintenance performed on the three Truss type 260-feet long legs including the spud can…
