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While the low oil and gas prices have been bad news for almost everybody in the business of selling oil and oilfield services, there might be a niche sector that could benefit – decommissioning. According to a recent report by Douglas-Westwood, an energy intelligence group, there is a big opportunity for the companies specializing in […]
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India’s shipbuilding industry has received an infrastructure status as the country’s Ministry of Finance has placed the shipyards on its Harmonized Master List of Infrastructure in an effort to support indigenous vessels program. With this move, the country’s shipyards will be eligible to receive long-term financing at lower rates, with private shipyards, L&T Shipbuilding, Reliance Defence and Engineering […]
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Overnight the Volvo Open 70s turned the corner at Cabo Frio, just three miles offshore, and at about the same time the fleet turned upside down too.
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The International Seabed Authority (ISA) General Assembly on July 14th approved the World Ocean Council (WOC) as an official Observer. Established by the Law of the Sea treaty, the ISA is the intergovernmental body which organizes, regulates and controls all mineral-related activities in the international seabed area of the world. With formal ISA Observer status, […]
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The shipping industry, which requires $ 20 billion worth investment by 2010-11, has demanded infrastructure status to have easy access to funds for modernisation. ‘Financial institutions have apportioned funds exclusively for infrastructure projects and we can avail them only if we have that status,’ Indian National Shipowners’ Association President Yudhisthir Khatau said today.
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Oslo-based benchmarking and market intelligence platform for containerized ocean freight Xeneta is proposing a radical solution in container shipping – the commoditization of containerized freight. With ultra-low container rates, multiple operators being on the brink of bankruptcy, and adversarial relationships developing between those shipping goods and the carriers, Xeneta believes the entire container industry must evolve. […]
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Hessa Mohammed Al Nesf, a corporate planning analyst at Qatargas, has become the first Qatari national to be awarded the Incorporated Engineer (IEng) qualification by the Institution of Chemical Engineers (IChemE). Incorporated Engineer (IEng) is an internationally recognised qualification established by the Engineering Council in the UK. It is an important milestone in the career […]
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Russia’s renewed focus on the commercial shipbuilding industry was set as a key aim by Prime Minister, Dmitry Medvedev in his recent discussions on the development of the sector through 2015. Various industry ministries have been charged with analysing industry prospects until 2030, with the findings to be submitted by January 2015. The Russian Energy […]
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I am very proud of the Songa Offshore employees that deliver 100% operational uptime on all four rigs in operation. This shows the quality that we have in our Songa Offshore operations, both in the North Sea and in South East Asia, said Bjornar Iversen, CEO of Songa Offshore SE today, commenting on the company’s […]
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Business & Finance, Project & Tenders
Nido Petroleum Limited on behalf of SC 63 Joint Venture partners PNOC-EC and Dragon Oil (SC 63 Philippines) Limited said today that the Baragatan- 1A well as at 2 July 2014 was currently at 2,457 meters Measured Depth (2,152.9 meters TVD subsea). Since the last update on 23 June 2014, continuing formation pressure and unstable well […]
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Dominion filed a status report and progress on the construction of its Cove Point LNG export project to the Federal Energy Regulatory Commission.
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Keeping with the world luxury trend, India’s rich are talking seriously about 100 footer yachts for which they are willing to shell out anything from eight million euros (for a custom built Ferritti) which could go up by a couple of million if the order goes up to 120 ft.
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GAIL (India) Limited, a Public Sector Undertaking under the Ministry of Petroleum and Natural Gas and India’s largest natural gas company, was accorded the Maharatna status by the Government of India. Dr. M. Veerappa Moily, Minister for Petroleum and Natural Gas felicitated the GAIL team on achieving this recognition. Speaking on the occasion, the Minister […]
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The Serbian government plans to grant the national project status to the construction of the Serbian section of the South Stream gas pipeline before the end of January. “The government has already written up a draft law associated with giving the South Stream project the status of a national project,” Serbia’s Finance and Economics Minister, […]
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Rowan Companies plc announced that its monthly report of drilling rig status and contract information has been updated as of July 18, 2013. Notable events in the report include: – Gorilla V: Awarded two year extension with Total in the UK sector of the North Sea commencing late June 2013 at $274,000 per day (above previous […]
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A mega-yacht currently being built in Italy boasts seven decks, a helicopter pad and a price tag of 140 million euros, $184 million dollars. The Sunday Telegraph reported on the record-breaking privately-owned yacht, which will contain 15 staterooms, gold and marble bathroom fittings, Jacuzzis, an enclosed gym and a sun deck as well as jet […]
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WISTA International has received an approval for consultative status from IMO.
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The Port of Singapore cemented its status as Asia’s port of choice by bagging the awards for the ‘Best Seaport in Asia’ and the ‘Best Green Service Provider- Seaport’ at the 26th edition of the Asian Freight and Supply Chain Awards (AFSCA). The 26th edition of the Asian Freight and Supply Chain Awards was held […]
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RWE Innogy UK continues to lead the development and construction of Galloper Offshore Wind Farm after agreeing exit arrangements with SSE. Along with this announcement, the company has provided a short update on the project’s status. The project is progressing along the existing timeline, with new strategic equity partners being sought. Good progress is being […]
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Transocean Ltd. today issued an updated fleet status report covering the company’s 135-unit offshore drilling fleet. Drilling rig status and contract information on the company’s offshore drilling fleet has been condensed into a report titled “Transocean Fleet Status Report,” which is available through the company’s Web address at www.deepwater.com. The report can be accessed from […]
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Lyttelton Port of Christchurch (LPC) is fully operational following an extensive assessment by structural engineers. LPC has however sustained significant damage from Saturday morning’s 7.1 magnitude earthquake, centered approximately 40 kilometres from the port. The cost to repair the damage to the port is likely to be tens of millions of dollars. Following the earthquake […]
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Business & Finance, Equipment, Technology
Chatham Rock Phosphate today welcomed a clarification issued by the Environmental Protection Authority regarding its staff report issued yesterday. The EPA in its announcement said the process for considering the application was still at an early stage. “Further information on the application and its effects is to come from both the applicant, and in the […]
