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Rosneft: Shell-BG Deal Shows Strong British LNG Market
Chief Executive with Rosneft, the world's top listed oil company by output, Igor Sechin, said on Friday that the acquisition of BG Group by Royal Dutch Shell showed that Britain's liquefied natural gas (LNG) market was strong. Shell plans to buy its British rival BG for $70 billion. BG has some of the world's most ambitious projects in LNG, where demand is growing as consumers turn away from more polluting fuels such as coal.
Liverpool2 Passes Major Construction Milestone
Construction at the new £300 million ($500 million) container terminal being built at the Port of Liverpool has reached an advanced stage. Work to reclaim 12 hectares…
Update: Runaway Barges Recovered
Two barges that drifted against piers of the Starved Rock Dam in Utica, Illinois Sunday afternoon have been safely recovered, the U.S. Coast Guard (USCG) reported. One of the barges, carrying corn, was recovered Sunday evening, while the second barge, carrying sand, was recovered Monday morning. The Joyce Hale, a 157-foot towing vessel, was pushing eight barges of dry cargo south on the Illinois River…
North Sea Job Losses Raise Skills and Safety Concerns
Cost-cutting in Britain's North Sea oil and gas sector could lead to more acute skills shortages in future, industry experts have warned, with some expressing concerns that safety could be compromised. A plunge in crude prices over the last 12 months has prompted oil majors such as Royal Dutch Shell, BP , Chevron and ConocoPhillips to lay off hundreds of workers. Oil field services groups such as Amec Foster Wheeler , Wood Group and Petrofac are also in consultation with employees over job cuts.
Supertankers Set to Take North Sea Crude to Asia in June
As many as four VLCC tankers could take North Sea crude oil to Asia this month, shipping fixtures show, after an Atlantic Basin supply glut forced prices to multi-year lows.
Barges Break Free, Hit Starved Rock Dam
The U.S. Coast Guard is working the the U.S. Army Corps of Engineers and the owners of a tug and barges to quickly and safely move two barges that drifted into the protection walls of Starved Rock Lock and Dam in Utica, Illinois, Sunday afternoon. The Joyce Hale, a 157-foot towing vessel, was pushing eight barges of dry cargo south on the Illinois River when two of the eight barges it was pushing made contact with the protection walls of the Starved Rock Lock and Dam.
Oil Blast Sparks Off Major Fire in Mumbai Port Trust in Wadala
A fire broke out due to a suspected leakage in an oil pipeline passing through a land owned by the Mumbai Port Trust (MbPT) in Wadala in central Mumbai, but no one was injured.
Russian Military Plane Buzzes NATO Warships
A Russian military surveillance aircraft skimmed above four North Atlantic Treaty Organization (NATO) warships in the Baltic Sea earlier this week, CNN is reporting.
New SKF Taconite Seal for Bearings
A new SKF Taconite Seal for bearings in split block housings protects against contaminated or wet operating conditions. According to the manufacturer, benefits of this multi-stage labyrinth cartridge seal include exclusion of contaminants, improved prevention of water ingress (even during high-pressure washing), maximized bearing and seal service life, reduced grease consumption, reduced environmental impact and optimized machine performance and uptime.
Asia Tankers-VLCC Rates Softening
Owners waiting for charterers to release July cargoes next week. programme, brokers said. "Rates are rolling, skidding by half a point a day," said one Singapore VLCC broker on Friday.
GS Caltex Buys Rare West African Crude Cargo
GS Caltex to buy 920,000 barrels of West African crude; first West African shipment in almost a year. South Korea's GS Caltex Corp is set to receive its first shipment…
Woman Sentenced for Making Hoax Distress Call
A Chicago woman was sentenced in federal court Thursday for making a false distress call nearly two years ago which led to several agencies launching a dangerous…
Seattle Protesters Seek to Block Access to Shell Arctic Rig
A group of protesters gathered at the Port of Seattle on Tuesday seeking to block workers attempting to reach a Royal Dutch Shell drilling rig that could depart…
Insights: Capt. Novotny, Commanding Officer, USCG National Maritime Center
Captain Jeffrey P. Novotny is Commanding Officer of the U.S. Coast Guard’s National Maritime Center in Martinsburg, WV. He is responsible for all activities related to professional credentialing, training and assessments of the nation’s 215,000 merchant mariners. He graduated from the U.S. Coast Guard Academy with a degree in Mathematics and Computer Science. Prior to commanding the NMC, he was the Deputy Commander at the Coast Guard’s Deployable Operations Group.
Seattle Police Dismantle Anti-Shell Protest Tent
Seattle activists say police have dismantled a tent on Monday used as a staging area to organize local protests over Royal Dutch Shell Plc's use of the city's port…
Peel Ports Welcomes 3 Queens
Three of the world’s largest and grandest ocean liners - the Queen Mary 2, the Queen Elizabeth and the Queen Victoria - paid a historic visit to salute the city of Liverpool…
Binsfeld Launches Torque Monitoring System
Binsfeld Engineering Inc. announced the release of the new TorqueTrak TPM2 torque and power monitoring system featuring a digital output signal. Targetting the marine, automotive, energy and power generation markets, the TPM2 model features a RS422 full duplex, point-to-point serial interface communication. According to Binsfeld, TPM2 setup and configuration is easy and convenient with BEI- supplied software. System changes can safely be made away from the shaft.
Myanmar Lands 700 Migrants
Myanmar lands 727 migrants after boat kept offshore for days. Myanmar brought ashore more than 700 "boat people" it had kept at sea for days aboard a seized vessel…
Divers Comb Capsized China Ship, Hopes Fade
Death toll more than doubles to 19, more than 400 missing. Rescuers searched a sunken cruise ship in the Yangtze River on Wednesday for more than 400 missing people…
Environmentalists Sue BOEM over Shell Plan to Drill in Arctic
Ten major environmental groups filed a lawsuit on June 2 challenging the federal Bureau of Ocean Energy Management's (BOEM) approval of Royal Dutch Shell's exploration…
