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  • 24 January 2012

    The Federal Energy Regulatory Commission (FERC) issued its first pilot project license for a tidal energy project located in New York City’s East River. The project, owned by Verdant Power and known as the Roosevelt Island Tidal Energy (RITE) Project, is 1,050-kilowatts and uses the East River’s natural tidal currents to generate electricity. Turbine generator […]

  • 23 January 2012

    The Navy has issued a Request for Proposal [RFP] for the ship repair facility it owns at Naval base Guam. The facility has been leased to the Guam Economic Development Authority [GEDA] which sub-leases it to Guam Shipyard… by Kevin Kerrigan (read more) [mappress] Source: pacificnewscenter, January 23, 2012; Image:  

  • 16 January 2012
    Business & Finance

      The Vale Beijing faced problems when loading ore at Ponta da Madeira in North Eastern Brazil in December. The ship has been safely moved to an anchorage in the area. The incident was not caused by any global strength issue or by the effect of single pass loading and associated loading rates. Hence, the […]

  • 9 January 2012

    Responding to renewed economic claims for Deepening the Delaware River, a coalition of taxpayer, community, and environmental organizations issued a new independent analysis they say proves once again that the deepening project is an economic loser. The groups issued the analysis and an accompanying report titled “Army Corps Cooks the Books Again,” in response to […]

  • 6 January 2012
    Business & Finance

    DONG Energy A/S has successfully issued a GBP 750 million bond with a maturity of 20 years. The issuance was made under the company’s existing debt issuance programme (EMTN programme). Key details of the transaction: Size: GBP 750 million Maturity date: 12 January 2032 Coupon: 4.875 % Spread over Gilt (UK government bond): 205bp Listing: […]

  • 26 December 2011

    Qatargas held this week its annual Town Hall meetings that provided an open forum for the staff to discuss with senior officials of the company the challenges facing them both at work and away. Welcoming the staff to the meetings, held over two days during the second week of Decemebr at Al Waha Club in […]

  • 20 December 2011

    Royal Dutch Shell​ plc said that it has issued 27,277,014 A Ordinary shares in relation to the scrip dividend programme for the third quarter 2011 interim dividend. Following this issue and the cancellation of shares previously bought back and announced, the total number of A shares in issuance is 3,668,550,437 and the total number of […]

  • 16 December 2011
    Business & Finance

    BP today announced that it has reached agreement with Cameron International Corporation (“Cameron”), the designer and manufacturer of the Deepwater Horizon blowout preventer, to settle all claims between the companies related to the Deepwater Horizon accident and spill. BP and Cameron have concluded that the settlement is in their mutual best interests, and the agreement […]

  • 15 December 2011
    Business & Finance, Operations & Maintenance

    Wood Group, the international energy services company, issues the following pre-close trading update for the year to 31 December 2011. Full year results for the year will be announced on 6 March 2012. Overall, the Group expects to deliver good growth, with performance for the year in line with expectations. Conditions in oil & gas […]

  • 14 December 2011

    The Board of Directors of FLEX LNG has resolved to issue 151,111 new shares to the members of the Board of Directors up to the 2011 ASM, as part of their remuneration for that period. In addition 150,000 shares are to be issued to Mr. Keith Meyer for work performed under a consultancy agreement with […]

  • 7 December 2011

    The US Interior Secretary Ken Salazar has issued a statement about proposed projects to restore the coastal ecosystem in Gulf states. “These days we took a major step forward toward meaningful restoration that will benefit the natural resources of the Gulf Coast for generations to come. I commend the leadership of the Gulf Coast states […]

  • 29 November 2011
    Business & Finance

    Reliance industries has begun arbitration proceeding against India’s Government over the decision to restrict the amount of the costs recovered by the company from the revenues generated from the sale of gas produced from the D1 &D3 fields in the KG-D6 blocks. Ministry of Petroleum and Natural Gas wants to “disallow expenditure incurred in constructing […]

  • 28 November 2011

    Indian Navy issued a tender for 4 landing helicopter-carrying dock ships. According to Indian defense Ministry A.K. Antony, national defense procurement council has already approved acquirement of four large-size landing ships. As for the ministry, these ships will improve Indian Navy’s landing capabilities and make possible to conduct rescue operations in regions suffered from natural […]

  • 23 November 2011

    Ukraine is holding consultations with Turkey on technical issues regarding the passage through the Bosporus Strait by gas tankers to the …   (interfax) [mappress] Source: interfax, November 23, 2011;

  • 11 November 2011

    A federal energy panel on Thursday warned that rigorous action must be taken if government and industry hope to prevent major environmental… (reuters) [mappress] Source: reuters, November 11, 2011; Image: chesapeake

  • 11 November 2011
    Business & Finance, Research & Development

    The Bureau of Safety and Environmental Enforcement (BSEE) issued a Safety Alert relating to the Macondo well blowout. The Safety Alert was distributed to oil and gas leaseholders and contractors working on the Outer Continental Shelf (OCS). It briefly summarizes the findings of the Joint Investigation of the Deepwater Horizon explosion and oil spill, and […]

  • 11 November 2011
    Business & Finance

    The Bureau of Safety and Environmental Enforcement (BSEE) yesterday issued a Safety Alert relating to the Macondo well blowout. The Safety Alert was distributed to oil and gas leaseholders and contractors working on the Outer Continental Shelf (OCS). It briefly summarizes the findings of the Joint Investigation of the Deepwater Horizon explosion and oil spill, […]

  • 10 November 2011

    BG Group announced the issue of €1 billion of euro-denominated bonds (approximately $1.37 billion). The seven-year bonds are due 16 November 2018 and pay a coupon of 3%. The bonds have been issued by BG Energy Capital plc, a wholly owned subsidiary of BG Group plc, and are guaranteed by BG Energy Holdings Limited. They […]

  • 9 November 2011

    Thanks to the quality of its rating and taking advantage of favorable market conditions, GDF SUEZ completed two bond issues Tuesday denominated in euro and sterling for €1 billion and £400 million respectively. These new issues will partly be used to finance the tender offer of part of the Group’s bonds maturing in February 2013, […]

  • 9 November 2011

    Halliburton announced today the pricing of an offering of $1 billion in an aggregate principal amount of senior notes. The notes are being issued in two tranches – $500 million of 10-year notes bearing interest at a fixed rate of 3.25% per year and maturing on November 15, 2021, and $500 million of 30-year notes […]

  • 8 November 2011

    The International Bunker Industry Association’s (IBIA) board has taken a formal decision to “become more closely engaged in LNG matters”. The move was announced at last week’s IBIA’s Annual Convention, held in Barcelona, by its acting chief executive Trevor Harrison. He told delegates that the association would become more involved in the ongoing discussions on […]

  • 7 November 2011
    Business & Finance

    Too many shipping companies are solving the same IT issues instead of learning from their counterparts, whom have already solved the same challenges. Neptunes Guide is now on its way to address this issue. shipIT, a Danish based consulting company focused at the shipping industry, has received funding from the Danish Maritime Fund to develop an internet […]

  • 4 November 2011

    IWA is asking all waterway supporters to act now to secure the future of the Canal and River Trust. Things are at a critical juncture for the transfer of British Waterways​’ managed canals and rivers into the Canal and River Trust. The money is everything. A good deal from Defra will deliver a significant Big […]

  • 3 November 2011

    Rice exports from Kakinada old port, languishing for the past few years without cargo, have gathered momentum and till the end…   (thehindubusinessline) [mappress] Source: thehindubusinessline, November 3, 2011;

  • 2 November 2011
    Business & Finance

    Thursday 20 October 2011 saw world-leading navigational systems provider Kelvin Hughes present the first in its series of ‘Safe Ships, Safer Seas’ seminars to an audience in Athens consisting of 100 Greek ship owners, operators and senior executives. Held at the Apollon Divani Spa Hotel, Vouliagmeni, the event went ahead despite national strike action across […]