US Closer to Wave Energy off Oregon
As part of President Obama’s Climate Action Plan to create American jobs, cut carbon pollution and develop domestic energy sources, the Bureau of Ocean Energy Management (BOEM) announced today it has taken an important step toward issuing a research lease for a facility to test utility-scale wave energy devices in federal waters off Oregon. The non-competitive lease would be for the offshore area where…
Iraqi Kurdistan Loads Third Oil Cargo in Turkey
A third tanker carrying piped crude oil from Iraqi Kurdistan is being loaded at Turkey's Mediterranean port of Ceyhan, a source at the Turkish energy ministry told Reuters On Friday.
Versatility is the Key for ASV Pioneer
The Ferguson Group, a provider of offshore containers, baskets, tanks, offshore accommodation and workspaces, launched the fully classed ABS +A1 barge ASV Pioneer in 2011. The group said ASV Pioneer is able to meet the needs of offshore oil, gas and renewables, with the challenges of remote locations and salvage operations. Since its inception, the ASV Pioneer has worked in the North Sea and Mediterranean…
Keppel to Build Two Supply Vessels for Lukoil
Construction of two supply vessels to the Russian Maritime Register of Shipping (RS) class, commissioned by the company Lukoil is starting in China. A steel cutting…
Nippon Steel May Transport Iron on Valemax Ships
Nippon Steel & Sumitomo Metal Corp, Japan's biggest steelmaker, may start talks on a contract to transport iron ore from Brazilian miner Vale on Valemax ships, the world's biggest bulk carriers, to cut costs, a senior official said. Such a contract would be a boost for Vale, which is trying to increase use of the ships after China in 2012 prevented the world's biggest iron ore miner from docking the giant vessels in its ports to protect its own shipping companies.
China State Shipbuilding, CNPC Among 11 Caught in Auditor Snare
China's National Audit Office has found irregularities at 11 state-owned conglomerates ranging from misrepresentation of assets to illegal property development,…
MHI, Siemens Outline Alstom Proposal
Mitsubishi Heavy Industries (MHI) and Siemens submitted an offer letter specifying further the proposed transaction to Alstom. With the specified offer MHI and Siemens…
Norway to Retain Statoil Stake
Norway's right wing government will retain its current holding in oil and gas firm Statoil , backing off a pre-election proposal to cut the stake to about 50 percent from the current two thirds of the shares. The government led by the Conservative Prime Minister Erna Solberg has pledged to reduce the state's role in the economy to give the private sector more breathing space and shrink what it considers a bloated public sector.
Brent Crude Holds Near US$115 on Back of Iraq Turmoil
Brent crude held near $115 a barrel on Friday, close to a nine-month high, and was headed for its second weekly gain on increased risks of disruption to supply from Iraq.
Australian Coal Port $10-bln Extension Shelved
A proposed $10 billion Australian coal port expansion, one of two port expansions planned near the Great Barrier Reef, was shelved by its sponsors on Friday who…
Damen to Convert the Massive 'Rowan Viking' Offshore Rig
Damen Shiprepair Vlissingen (DSV), part of Damen Shiprepair & Conversion, says it has been awarded a contract by a subsidiary of Rowan Companies plc to remodel the 'Rowan Viking'…
England Logistics Sends 70 Spartan ERV Units to Peru
The 70 Emergency Response Vehicle (ERV) units are to be shipped from the Port of Baltimore to Cuerpo General de Bomberos Voluntarios del Peru (the General Body of…
China Sending 4 Rigs To S China Sea Amid Tensions
China is sending four oil rigs into the South China Sea in a sign that Beijing its stepping up its exploration for oil and gas in the tense region, less than two…
Tugboat Not Up to the Job: TSB Charlene Hunt Findings
Citing a lack of preparation, bad weather and a mechanical breakdown as three important factors, the TSB today released its investigation report (M13N0001) into…
GofM 2014 Production Storm Shut-ins Likely Higher This Year
The risk of Gulf of Mexico 2014 production shut-ins by storms is considered to be higher than last year, according to a recent U.S. The National Oceanic and Atmospheric…
MH370: The Seventh Search Arc Delineated
The latest information and analysis confirms that MH370 will be found in close proximity to the arc set out in the map [shown here] and labelled as the 7th arc.
Getting Offshore Fast: New Helicopter Market Forecast
Douglas-Westwood (DW) forecasts $24 billion in expenditure on offshore helicopter services between 2014 and 2018, a 57% increase in comparison to the preceding five-year period.
Nordic American Tankers AGM Agrees Share Capital Increase
Nordic American Tankers (NAT) informs it held its Annual General Meeting (AGM) recently in Hamilton Bermuda. The reduction of the Company's share premium account by approximately $208.2 million…
First Cargo Transhipped at Rotterdam's Sheltered Waters Facility
The Port of Rotterdam says that the first commercial cargo has been transhipped on the inner waters of Maasvlakte 2. At one of the two specially designed berths…
COSCO Zhoushan Delivers Pair of Panamax Bulk Carriers
COSCO Corporation (Singapore) says that its COSCO Zhoushan subsidiary shipyard has delivered two bulk carriers of 64,000 dwt, “PUERTO ROSARIO” and “PORTO LEONE”, to a European buyer.
