Oil traders and refiners scrambled on Thursday to move prompt crude oil and product supplies from Asia to the U.S. West Coast, anticipating tighter markets with the closure of BP’s massive Prudhoe Bay oilfield. The shipments gave more lift to Middle East sour crude prices and regional jet fuel diffe
With the closing successfully concluded on August 3, 2006, the takeover of Atlas Elektronik has now been consummated. In the first phase of the deal, ThyssenKrupp and EADS acquire 60- and 40-percent stakes in Atlas Elektronik, respectively. In a second step, to take place in the near future, EADS wi
A 35-year-old man died early this morning in Boulder Bay at Kodiak Island aboard a 32-foot fishing vessel, the U.S. Coast Guard said. The man fell out of his bunk convulsing, said Petty Officer Tiffany Farrell.
In the early hours of Wednesday morning the 49 boats competing in Rolex Baltic Week’s IMS Offshore World Championships divided in two divisions arrived back in Neustadt’s ancora Marina. The offshore race on a course zigzagging around the Bay of L
The Polar Pioneer drilling rig has now completed drilling and well operations on the Sn
BP is scrambling to move oil from across the world to make up for lost production at its Prodhoe Bay oilfield in Alaska, shipping industry sources and brokers said on Wednesday. On Tuesday half of the field’s output, some 200,000 barrels per day, was shut-in. London Brent crude oil prices hit a reco
Petroleo Brasileiro S.A. for work offshore Brazil and Petrobas America Inc. for work in Gulf of Mexico have signed a 5 year drilling contract with Larsen Oil and Gas Ltd of Aberdeen Scotland for the new build deepwater (3050m) semi-submersible drilling rig PetroRig 1. The contract will commence upon
Total announces that it has acquired a 10% interest in Scotrenewables Marine Power Ltd., (the sister company of Scotrenewables Wind Power Ltd), based in Scotland
There was a time when a schooner a week was launched from local shipyards, destined for the Gloucester fishing fleet. But in the last 11 years, there have been only three, the most recent in 2003.
Hamworthy moved ahead this morning as the marine and offshore fluid handling systems group said it has won further contracts with the Hyundai Heavy Industries for liquefied petroleum gas packages. The deal is to supply LPG packages for four very large gas carriers (VLGCs), including reliquefaction p
The Environmental Protection Agency (EPA) in Australia says its decision to approve the extraction of 15 million cubic metres of sand from the Moreton Bay Marine Park is based on years of research. According to local press reports, Caloundra city councillor and a former member of the Beach Protectio
As main automation contractor, Emerson experience in international project management will provide co-ordination and consistency between the Total Akpo FPSO contractors in Europe and Korea. Emerson Process Management has announced that it has been chosen as main automation contractor (MAC) for the T
Rowan Companies yesterday announced that it has been awarded term drilling contracts for two Class 116-C jack-up rigs to begin operating offshore Qatar in late 2006 or early 2007. Each contract is for a two-year term and contains an option for one additional year. Each rig is currently under contrac
Venezuela opened on Tuesday global bidding for licenses to explore and run four potentially gas-rich offshore blocks, attracting 30 companies from across the world, Energy Minister Rafael Ramirez announced. The announcement comes as Venezuela, home to the largest gas reserves in South America, wants
