Business & Finance
Norway: Technip Charters New Build OCV
Technip has entered a long-term charter agreement for a new build offshore construction vessel with North Sea Shipping. The charter will be for a period of five or seven years commitment plus a five-year extension option, with a further option to purchase the vessel. The vessel is specially designed
UK: Global Ship Lease Signs Two Charter Contracts with CMA CGM
Global Ship Lease, Inc., a containership charter owner, yesterday announced it has signed new time charters with CMA CGM for two 4,113 TEU containerships, the 1996-built Ville d’Aquarius and the 1997-built Ville d’Orion. The vessels will be chartered for approximately eight months at a rate of $9,96
Jordan: ACT Receives Safety Award
Aqaba Container Terminal (ACT), the world’s gateway to Jordan and the Levant region received the 2011 Social Security Excellence Award for Occupational Health and Safety, which is the only safety award of its kind to be offered to companies in Jordan by the Social Security Corporation. This recognit
Croatia: Brodosplit Lays Keel for Hull 473
Brodosplit has layed the Keel for Hull 473, a one of two Heavy Lift Vessels which are being built for Dutch Jumbo Shipping and which represent the most complex project built in Croatian shipyards. The Heavy Lift Vessels with 152m length, 27m width and 14.000t deadwight at draft of 8,1m, will be equi
Chevron Announces Natural Gas Discovery in Gorgon Area (Australia)
Chevron Corporation today announced a natural gas discovery by its Australian subsidiary in the Greater Gorgon Area of the Carnarvon Basin, offshore Western Australia. The Pontus-1 exploration well encountered approximately 97 feet (30 metres) of net gas pay. The well is located in the WA-37-L permi
Lundin Norway to Conduct Exploration Drilling with Transocean Arctic
Lundin Norway AS has received consent to conduct exploration drilling with the Transocean Arctic mobile drilling facility. The consent relates to drilling and production testing of appraisal well 7120/6-3 which is part of production licence 490. A possible sidetrack (7120/6-3 A) may also be drilled.
Scorpio Tankers: Delivery of First Vessel from Newbuilding Program (Monaco)
Scorpio Tankers Inc. announced today that it has signed an agreement with its lenders to extend the availability period of its 2011 Credit Facility until January 31, 2014 and has taken delivery of STI Amber, the first vessel under its previously announced Newbuilding program. Extension of Availabili
Australia: Chevron Announces Gas Discovery in Greater Gorgon Area
Chevron Corporation announced a natural gas discovery by its Australian subsidiary in the Greater Gorgon Area of the Carnarvon Basin, offshore Western Australia. The Pontus-1 exploration well encountered approximately 97 feet (30 metres) of net gas pay. The well is located in the WA-37-L permit area
During SB12 in Ukraine Divers Conduct Diving Demonstration
Multinational divers conducted a combined diving demonstration during Exercise Sea Breeze 2012 (SB12) at the Ukrainian Western Naval Base, July 19. Divers demonstrated the proper use of diving equipment and safety techniques, while promoting positive relations between the participating countries. “W
Sinopec Acquires 49 pct Stake in Talisman’s UK North Sea Assets for USD 1.5 Bln
Talisman Energy Inc. announced that it has reached an agreement in the North Sea with Sinopec International Petroleum Exploration and Production Corporation, whereby Sinopec will acquire a 49% equity interest in Talisman’s UK North Sea business, Talisman Energy (UK) Limited (TEUK), for $1.5 billion.
Mermaid Offshore Enters Share Purchase Agreement with Seascape Pacific (Thailand)
Mermaid Maritime Public Company Limited confirmed that its wholly owned subsidiary, Mermaid Offshore Services Ltd., has entered into a share purchase agreement with Seascape Pacific Ltd., pursuant to which MOS will purchase and Seascape Pacific will sell 20 ordinary shares in Seascape Surveys Pte. L
CNOOC Expands Overseas Businesses with Acquisition of Nexen (Canada)
CNOOC Limited and Nexen Inc. announced that they have entered into a definitive agreement under which CNOOC Limited will acquire all of the outstanding common shares of Nexen for US$27.50 per share in cash. The purchase price represents a premium of 61% to the closing price of Nexen’s common shares
ISF Launches New On Board Training Book for Deck Cadets (UK)
Maritime safety and environmental protection depends on capable deck officers says the International Shipping Federation (ISF) which has updated its widely-used On Board Training Record Book for Deck Cadets, to meet latest requirements governing seafarers’ training. ISF Secretary General, Peter Hinc
Halliburton Reports Record Revenues in 2Q 2012 (USA)
Halliburton announced today that income from continuing operations for the second quarter of 2012 was $745 million, or $0.80 per diluted share. This compares to income from continuing operations for the first quarter of 2012 of $635 million, or $0.69 per diluted share. First quarter reported results