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  • 24 December 2012
    Business & Finance

    Senator Cathy Giessel, R-Anchorage, the newly-elected state senate district representative, and new chair of the Senate Resources Committee, may have uncovered a solution to allow dredging to take place in certain flood-prone streams and creek beds, and thus significantly help the Seward area’s flood prevention efforts. The issue came up during the first town hall […]

  • 24 December 2012

    On December 19th 2012, Polskie Górnictwo Naftowe i Gazownictwo SA issued notes totalling approximately PLN 700m under the Note Issuance Programme of May 22nd 2012. The notes are short-term unsecured discount bearer notes in book-entry form, maturing in 3, 6 and 12 months. All the notes are denominated in the Polish złoty and were offered […]

  • 21 December 2012

    Gasol plc, the West African energy development company, announced that it has agreed to issue  1,117,837 ordinary shares in the Company at 13.6p per Share to Erasmus Advisory Services Limited in settlement of advisory services provided to the Company by Erasmus in connection with its Benin LNG Import Project.  Application has been made for these […]

  • 20 December 2012
    Business & Finance

    The International Chamber of Shipping (ICS) is calling upon EU maritime administrations to ensure that they are ready to issue passenger ships with the required insurance certificates in order that ships can comply with the EU Passenger Liability Regulation (PLR). If the necessary certificates are not issued as required, by 31 December, then cruise ships […]

  • 20 December 2012

    Royal Dutch Shell plc announced that it has issued 34,249,652 A Ordinary shares in relation to the scrip dividend programme for the third quarter 2012 interim dividend. Following this issue, the total number of A shares in issuance is 3,772,388,687 and the total number of B shares is 2,617,715,189. Royal Dutch Shell plc holds no […]

  • 18 December 2012
    Business & Finance

    A meeting to discuss engineering solutions to problems of harbor siltation and dredging in Saugatuck and Douglas is set for 12:30 p.m. Wednesday, Dec. 19, at the Saugatuck Center for the Arts, 400 Culver St. in Saugatuck. The meeting has been organized by R.J. Peterson, owner of Tower Marina in Douglas, reports hollandsentinel.com. Peter J. […]

  • 14 December 2012
    Authorities & Government

    Sierra Club applauds new Energy Department investments in offshore wind projects. The Obama Administration’s Department of Energy announced investments in seven offshore wind projects in the Northwest, Midwest, Gulf and East Coast. Initially, each project will receive up to $4 million, and three projects could receive as much as $47 million each over four years. […]

  • 14 December 2012

    NOVATEK announced the closing of its ten-year Eurobond issue due 2022 in an aggregate amount of US$ 1.0 billion, which was more than three-times oversubscribed based on the book building results. The annual coupon rate is set at 4.422% with coupons payable semi-annually. The Company’s CFO and Board member Mark Gyetvay stated: “We successfully placed […]

  • 12 December 2012
    Business & Finance

    The U.S. Army Corps of Engineers, New England District has reissued the statewide Vermont General Permit (GP) for minimal-impact activities in U.S. waters within the state of Vermont. The prior General Permit expired on Dec. 5, 2012. The Vermont GP continues the expedited review process for activities in Corps jurisdiction under Section 404 of the […]

  • 11 December 2012
    Business & Finance

    In order to help employers ensure compliance with the ILO Maritime Labour Convention (MLC), which will enter into force in August 2013, the International Shipping Federation (ISF) has published new and comprehensive Guidelines on the Application of the ILO MLC. The new ISF Guide takes ship operators through their obligations under the ILO Convention and […]

  • 6 December 2012
    Research & Development

    According to Drewry’s latest LNG Shipping Market Annual Review and Forecast 2012, rising LNG prices, almost stagnant liquefaction capacity amid expanding regasification capacity and development of LNG export framework in the USA could prove to be the game changers for the LNG industry. It is high time that alternative pricing mechanisms are devised to reflect […]

  • 3 December 2012
    Business & Finance, Rules & Regulation

    IMO Secretary-General Koji Sekimizu is to visit Chile this week and will take the opportunity to highlight a number of important issues on the Organization’s current agenda. On 5 December, Mr Sekimizu will speak about IMO’s commitment to sustainable maritime development at the Exponaval conference in Valparaiso, drawing on the outcomes of both the UN […]

  • 26 November 2012
    Business & Finance, Equipment

    In connection with the investigation of the hydrocarbon leak on the P platform on Ula on 12 September 2012, conditions were identified in relation to the fire and explosion protection that do not comply with the regulatory requirements. The PSA has now given BP a notification of order. The inadequacies identified in connection with the […]

  • 21 November 2012

    NOVATEK said that its Board of Directors has unanimously approved the regulatory filing and registration of interest-bearing, non-convertible, Russian rouble bonds. According to the registration documents, the total maximum nominal value of the Company’s potential RR bond offering is RR 45 billion. The RR bond issue will be divided into four series with values of […]

  • 21 November 2012

    The U.S. Army Corps of Engineers, New England District issued an emergency permit on Oct. 26, 2012 to the Coastal Property Owner’s Association to conduct work in waters of the U.S. in conjunction with placing dredged sand to support a coastal dune on Plum Island in Newbury, Mass. The emergency permit was issued in anticipation […]

  • 20 November 2012
    Business & Finance

    The annual Oil & Gas UK Environmental Seminar, sponsored by Statoil, will this year focus on various aspects of marine planning issues in relation to offshore oil and gas activity. The keynote speech will be delivered by Paul Wheelhouse MSP, Scottish Minister for Environment and Climate Change. He said: “The Scottish Government is fully committed […]

  • 15 November 2012

    Ophir Energy issued an Interim Management Statement and Operational Update for the period 1 July 2012 to 30 September 2012. Corporate Highlights since 1 July 2012 Ophir Energy has achieved significant operational milestones, including: Successfully completed two 3D seismic programmes and commenced the third 3D seismic acquisition programme in Kenya and Tanzania; Defined significant new […]

  • 14 November 2012
    Business & Finance

    CGGVeritas announced the launch of an offering of bonds convertible into and/or exchangeable for new or existing shares (“OCEANEs”) due 1st January 2019 in an initial nominal amount of approximately €315 million, which may be increased up to a maximum nominal amount of approximately €360 million in the event of the full exercise of the […]

  • 13 November 2012
    Business & Finance

    CGGVeritas announces today the launch of an offering of bonds convertible into and/or exchangeable for new or existing shares (“OCEANEs”) due 1st January 2019 in an initial nominal amount of approximately €315 million, which may be increased up to a maximum nominal amount of approximately €360 million in the event of the full exercise of […]

  • 9 November 2012

    The emergence of floating liquefaction will drive a significant increase in total global Capex over the forecast period to 2019. While expenditure is expected to increase in the existing regasification market, the liquefaction sector is forecast to dwarf this, as Capex associated with a floating liquefaction terminal is more than triple that of a typical […]

  • 8 November 2012
    Business & Finance

    In fiscal 2012, Siemens achieved a seven percent gain in revenue and a strong profit. Income from continuing operations was €5.2 billion and thus in line with expectations. New orders declined ten percent year-over-year. “A strong fourth quarter enabled us to fulfill our expectations for fiscal 2012 and achieve one of our best years ever,” […]

  • 7 November 2012

    FOGL, an oil and gas firm focused on exploration offshore Falkland Islands today, November 7, announced that drilling operations at the Scotia well have resumed. The operations had been suspended due to Blowout Preventer issues. FOGL has informed that the necessary repairs were carried out on the blow-out preventer within the expected time frame. The […]

  • 7 November 2012
    Business & Finance

    The Virginia Supreme Court issued opinions affecting Virginia local government law, and evidently, the City of Virginia Beach and the law of beach replenishment. In a city’s suit to condemn certain easements in connection with a beach replenishment project, while alternatively claiming ownership of the easements, the circuit court had jurisdiction and was required to […]

  • 2 November 2012
    Business & Finance

    Summary of meetings with key players in the EU Commission and the Norwegian delegation for the EU on 20 September was one of the topics at the Safety Forum’s meeting in Brussels on 21 September. In addition, mutual information and updates were provided as regards on-going issues, and the Safety Forum’s role in relation to […]

  • 28 October 2012

    SBM Offshore, a Dutch based provider of systems and services to the global offshore oil and gas industry on Friday announced it has  together with Talisman presented a plan to the Petroleum Safety Authority Norway regarding repairs of the grouting of the legs of the Yme platform. The repairs follow the decision by the operator […]