Business & Finance
BSEE Participates in Arctic Oil Spill Response Exercise
Officials from the Bureau of Safety and Environmental Enforcement (BSEE) participated in an all-day table top exercise designed to simulate the response to a well blowout in the Chukchi Sea. The exercise, planned over the past several months, included representatives from the U.S. Coast Guard, the U
China: Ming Yang Announces Q1 Preliminary Unaudited Financial Results
China Ming Yang Wind Power Group Limited (“Ming Yang” or the “Company”), a leading wind turbine manufacturer in China, announced its preliminary unaudited financial results for the first quarter ended March 31, 2012. The Company’s financial statements for the first quarter of 2012 have not been fina
UK: Tybalt Appraisal Results Disappoint
Valiant Petroleum plc reports that the Tybalt appraisal well 211/8c-5 has now been drilled to a total depth of 13,212′ Measured Depth. The well penetrated a full Upper Magnus Sandstone Member (UMSM) section, comprising 844′ gross, with 316′ of net sand. 210′ of core was successfully recovered from t
UK: LiftRig and Manor Marine Provide Storage for London Array Subsea Power Cables
Portland in Dorset may be an Olympic site this year, but it is also the location of LiftRig Consulting’s latest subsea power cable handling and storage project. LiftRig are working with Manor Marine to provide safe and cost-effective handling and storage of spare power cables for the world’s largest
Atlantic Offshore to Provide Support for Major Oil Companies in UK North Sea
Aberdeen-based standby vessel operator Atlantic Offshore Rescue has secured contracts in the last few weeks with major oil companies worth a combined £12million. The vessels will provide support in the UK North Sea for Shell, Nexen, Hess and Talisman Energy (UK) Limited. Atlantic Offshore has been i
UK: Passenger Ship Safety Recommendations Agreed by IMO’s MSC
Recommended interim measures aimed at enhancing the safety of passenger ships, in the wake of the Costa Concordia incident in January, were agreed by IMO’s Maritime Safety Committee (MSC), when it met at the Organization’s London Headquarters for its 90th session from 16 to 25 May 2012. The MSC adop
UAE: Sheikh Ahmed bin Saeed Welcomes Prelude FLNG Executives
His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation and Chairman of Emirates Group, welcomed Khamis Juma Buamim Chairman, Drydocks World and Maritime World and heads and senior executives of the teams involved in the building of Shell’s Prelude FLNG project. The delegat
UAE: Chairman of Emirates Group Receives Shell’s Prelude FLNG Construction Teams
His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation and Chairman of Emirates Group, welcomed Khamis Juma Buamim Chairman, Drydocks World and Maritime World and heads and senior executives of the teams involved in the building of Shell’s Prelude FLNG project. The delegat
UAE: Sheikh Ahmed Welcomes Prelude FLNG Team
His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation and Chairman of Emirates Group, welcomed Khamis Juma Buamim Chairman, Drydocks World and Maritime World and heads and senior executives of the teams involved in the building of Shell’s Prelude FLNG project. The delegat
Oman Shipping Company Adds LPG Carrier to Its Fleet
Oman Shipping Company S.A.O.C. (OSC) announced the addition of the LPG Carrier “GAS ELIXIR” to its fleet. Built in 2011, the 5,000 CBM capacity vessel, with a 100m Length overall, 17.6m beam and draft of 8m, will be on time charter to Oman Trading International (OTI), taking Omani LPG to regional ma
New Zealand Oil & Gas to Become Operator of Kaheru Permit
NZOG (New Zealand Oil & Gas Ltd) has entered into further conditional agreements that, upon completion, would result in NZOG taking on Operatorship and increasing its stake to 60% in the highly prospective offshore Taranaki permit, Kaheru. An application has been submitted to the New Zealand regulat
USA: Ramboll Designs Foundations for Cape Wind Offshore Wind Farm
A new offshore wind farm in the US marks the turning point for offshore wind energy. Ramboll will as leader of a consortium with U.S. based companies design the foundations for the Cape Wind Offshore Wind Farm. The consortium expects more US offshore wind projects to be on the way. America’s first o
Turkey: Besiktas Shipyard Launches Tanker for Palmali Group
Besiktas Shipyard on May 24th 2012 successfully carried out the launching ceremony for the sixth tanker of RST22M Project named Bakhtiar Vahabzade being constructed for Palmali Group. The vessel is a 7.100 DWT tanker, under Armada series, of Project RST22M that Palmali Group ordered from Besiktas Sh
UK: Oil Production Starts at Athena Field
Ithaca Energy Inc. announces the successful start-up of oil production from the Athena field. The initial operations phase of the field is in line with management’s expectations and proceeding as planned. This involves bringing production from each well online and establishing stable performance of