Oil production from Norway’s offshore fields is expected to decline by almost 5 percent this year, although natural gas exports continue to set new records, the Norwegian Petroleum Directorate said Thursday.
India and China are considering ways to collaborate for sourcing of oil from the international markets, to obtain special discounts that are available to certain western nations and not to Asian buyers.
HUGE salt caverns under the sea may be used to store gas reserves amid growing uncertainty over Britain’s energy supplies.
Double attacks on Royal Dutch Shell oil facilities in Nigeria cut output from the world’s eighth largest exporter by 10%, authorities said yesterday.
“The Egyptian authorities have decided to block the French ship from entering Egypt’s waters since the ship might leak dangerous waste it is carrying,” said an official from the Suez Canal Authority, who declined to be named.
A helicopter pad or installing jade-inlaid marble in the master bedroom, William S. Smith III has grown accustomed to satisfying every request from his custom-yacht customers – except when it comes to finding places where they can park their outsized boats.
PORT BLAIR: Myanmar is steeped in its largest ever defence project, developing indigenous stealth frigates to give the country
China Shipbuilding Industry Corp (CSIC), one of the nation’s top two shipbuilding groups, has revealed its record 2005 results and even stronger 2006 forecasts, boosted by thriving global demand for vessels.
It’s not over ’til it’s over. The Ericsson Racing Team may be out of leg two of the Volvo Ocean Race, but because of the way in which the point scoring system is weighted, it is not as big a set back as it may appear.
The VOR yacht Pirates of the Caribbean has suffered serious damage to the structural support of its keel. They dropped to fourth place and reported the damage shortly after the race positioning showed a sudden drop in speed from 22kts of boatspeed to 14kts.
Bollinger Shipyards, Inc. and Edison Chouest Offshore entered into an agreement that will propel Chouest into the growing liftboat market.
Mitsubishi Heavy Industries, Ltd. (MHI) and Shell EP International Limited (“Shell”), a company of the Shell Group, a global oil major, signed an agreement on a comprehensive strategic alliance to cooperate in the feasibility study and promotion of CO2 capture from industrial plants linked to EOR (E
A new era for Kongsberg Seatex has started, as the very first satellite in Europe
Egyptian authorities have reportedly stopped French aircraft carrier Clemenceau at the Suez Canal. The authorities have asked officials on the ship for the required paperwork as per the Basel Convention.
