Ship Management Contracts for BSI Newbuilds
Norway-based Golden Energy Offshore has entered into management contracts for two platform supply vessels (PSVs) under construction at Ulstein Verft for Blue Ship Invest (BSI). The PX121 designed vessels are due for delivery in the first quarter of 2015. According to the designer, a total of 30 vessels of the ULSTEIN PX121 design have been ordered by various ship owners for construction at shipyards around the world.
Angola Crude Exports Set to Rise in January
Angola is set to export 1.77 million barrels per day of crude oil in January, up from 1.60 mln bpd in December, a provisional shipping list showed on Tuesday. The oil from the OPEC member…
HHI Subsidiary to Shed POSCO Stake
Hyundai Mipo Dockyard Co Ltd said on Tuesday it had decided to sell a stake worth 286 billion Korean won ($260.46 million) in steelmaker POSCO , in a bid to improve its balance sheet.
OW Bunker to Meet Liquidator; Ship Arrests Continue
OW Bunker owes financers more than $750 million-creditor data; six more vessels arrested; 7 in total. The Singapore arm of bankrupt Danish shipping fuel trader OW…
Keystone Debate: Obama Rhetoric Rings Half True
President Barack Obama's sharpest criticism yet of Keystone XL this weekend included a controversial contention that the huge pipeline would be used to pump Canadian oil sands crude to global markets…
Zargon Oil & Gas Confirms Cash Dividend
Zargon Oil & Gas Ltd. confirms that the monthly cash dividend for the month of November in the amount of Cdn. $0.06 per common share will be paid on December 15…
First LNG Fuelled Tug for Middle East by Wärtsilä
Drydocks World (DDW) based in Dubai, UAE, has contracted Wärtsilä to design and supply the propulsion and other equipment for a new harbour tug that will operate on liquefied natural gas (LNG).
Vessel & Crew Safe in Honolulu
The fishing vessel Pacifica moored safely in Honolulu Harbor Monday after taking on water approximately 144 miles north northeast of Oahu. The cause of the flooding…
Spudding of Gierałtowice Well
San Leon Energy, the AIM listed company focused on oil and gas exploration in Europe and North Africa, announces that it has spudded the Gierałtowice well, which…
South Stream’s offshore section Set for Construction
It was stressed that South Stream gas pipeline project was ready for constructing. This includes the most complicated part of the project – the first and the second…
F-35C Completes Sea Trials
The F-35C Lightning II carrier variant Joint Strike Fighter completed its first phase of developmental test (DT) aboard an aircraft carrier Nov. 14, three days ahead…
Viola Player Secures Statoil Talent Scholarship
Eivind Holtsmark Ringstad from Oslo has been granted the Statoil talent scholarship in classical music for 2014. The grant is part of Statoil's talent program "Heroes of Tomorrow"…
Chevron Starts Oil Production in Gulf of Mexico
Chevron Corporation announced today that the Hess Corporation-operated Tubular Bells deepwater project, located in the U.S. Gulf of Mexico, has started crude oil and natural gas production.
Outlook for Bunkering & Marine Lubricants in India
The "4th Annual Conference on the Outlook for Bunkering and Marine Lubricants in India" will be held on Thursday, December 4, 2014 at the Hotel Vivanta by Taj-President, Cuffe Parade, Mumbai.
Halliburton & Baker Hughes Merger
Halliburton Company and Baker Hughes Incorporated today announced a definitive agreement under which Halliburton will acquire all the outstanding shares of Baker…
President Energy's Update on Lapacho Well
President Energy gave a mid-November update on the progress of the Lapacho well, Chaco Region, Paraguay. The well has been drilled to 4,490m since setting casing at 4,125m.
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