As news of a huge oil discovery deep in the western Gulf of Mexico unfolded, informal talks began in Congress to break an impasse over competing House and Senate plans to expand offshore oil and natural gas-drilling. The find by Chevron, Devon Energy and StatOil in an area already open to exploratio
Petra Perdana Bhd has entered into a memorandum of agreement with S. K. Line Co Ltd to purchase a new anchor handling offshore support vessel for RM44.9mil. The company said in a filing to Bursa Malaysia yesterday the purchase was in line with the group
A giant cruise ship is set to sail into Antarctic waters, changing the face of tourism in the world’s great wildernesses. The Golden Princess, which can carry 3,800 passengers and crew and weighs 109,000 tons, is 10 times bigger than most of the cruise ships which ply Antarctica’s seas. Its first vo
New Delhi: Almost one in every six workers dismantling old boats at India’s Alang shipyard suffers from asbestos poisoning, experts said in a report. The experts, appointed by India’s Supreme Court to look into conditions at Alang, also found a fatal accident rate six times that of the country’s not
She’s so quick she can outrun a frigate. A Scottish-led international team of engineers yesterday unveiled the car ferry of the future, a giant capable of carrying 2000 passengers at 38 knots and, perhaps, saving Europe’s shipbuilding industry. Designers from 13 nations have spent six years perfecti
Statoil has taken first place among the world
Aker Yards is to build two cruise vessels for Norwegian Cruise Line, with an option for a third. The total value of the two vessels is EUR 1470 million (approx. NOK 12 billion). The vessels will be delivered from the recently acquired yard in Saint Nazaire in 2009 and 2010. This is the first contrac
Oil and Natural Gas Corp (ONGC) today approved an investment of Rs 2,300 crore for re-development of its ageing Heera and South Heera fields at Mumbai offshore in the Arabian Sea. The re-development will enhance production with improved recovery and redistribution of water injection, pattern sweep a
The National Sea Rescue Institute (NSRI) rescued 11 fishermen from a burning boat off Mossel Bay harbour on Thursday, said a spokesperson. The 16-metre long Gurusan was five nautical miles off Gouritz and 17 nautical miles from the Mossel Bay harbour when it sent out a mayday at 5.45pm, reporting a
VT Halter Marine has won another contract to build articulated tug barges for Crowley Maritime Corp.’s subsidiary, Vessel Management Services. The four tug barges are valued at $236 million. The tug and barge combination transport vessel is a joint design of Pascagoula-based VT Halter and Crowley, w
Politicians from different parties have come together to discuss plans for the future of a troubled shipyard. In July, the Ministry of Defence said the unfinished ship Lyme Bay would be handed over from Swan Hunter, in Wallsend, to BAE Systems, at Govan. It said the decision was down to an increase
A naming ceremony for the first warship to be entirely built in Portsmouth for nearly 40 years is taking place. HMS Clyde is the first vessel to emerge from the Hampshire naval base since 1967, when Leander-class frigate HMS Andromeda was completed. The 80-metre (262ft) offshore patrol vessel will b
BP America Chairman and President Bob Malone today announced that he has retained three eminent corrosion experts to independently review and make recommendations for improving the corrosion inspection, monitoring and prevention program in place at Prudhoe Bay and in other BP-operated Alaska oil fie
A new success story for the De Valk France, as the Astondoa 102 GLX megayacht Putty has been sold by certified yacht broker Jan Jaap Minnema. This splendid 102 GLX was build in 2003 and refitted in 2005 and was the only Astondoa yacht larger than 100 feet currently on the market. Her highlights incl
