Business & Finance
USA: Sub Sea Research Locates Port Nicholson Shipwreck
Sub Sea Research LLC, a Portland Maine based company located the worlds richest shipwreck, a WWII British Freighter carrying a secret cargo of 71 tons of Platinum sunk by a German U-Boat off the coast of Cape Cod. Sub Sea Research (SSR) spent months searching for the elusive ship, the Port Nicholson
UK: Bluewater Sells FPSO Uisge Gorm to EnQuest
EnQuest’s option to purchase Bluewater’s FPSO Uisge Gorm has been exercised and the sale was completed on Wednesday 25th of January 2012. EnQuest will deploy the FPSO on the UK Alma and Galia fields. Bluewater will continue to assist EnQuest with certain conversion related engineering scopes as well
UK: Bluewater Sells Uisge Gorm FPSO to EnQuest
EnQuest’s option to purchase Bluewater’s FPSO Uisge Gorm has been exercised and the sale was completed on Wednesday 25th of January 2012. EnQuest will deploy the FPSO on the UK Alma and Galia fields project. The Alma/Galia field development project is worth approximately $850 million and will add a
Transpetro Reports Oil Spill at Terminal Osorio in Tramandai, Brazil
Transpetro reports that an oil spill was detected yesterday at the Terminal Osorio in Tramandaí (RS) during unloading operations of a ship. Teams and Transpetro Environmental Defense Center (ADC) were immediately triggered to begin work on the containment and removal of the product. The causes of th
Nigeria: Funiwa Well Still Burning, but at Lower Rate, Chevron Says
Chevron Nigeria Ltd. is finalizing plans to commence drilling two relief wells to control the burning Funiwa Deep 1A well, offshore Nigeria. The fire is still burning at the well, but at a diminished rate. Based on the condition of the well, the safest way to control the well is to drill a relief we
JONAH Submarine Cable Connects Israel to Europe
Bezeq International, Israel’s leading Internet and international telecoms provider, has selected Interoute Communications Ltd, owner and operator of Europe’s largest cloud services platform, to expand its physical network right into the heart of Europe. “JONAH”- the 2,300km submarine cable – will co
Greece: Navios Maritime Announces Charters for Five MR2 Product Tankers
Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced today that it has chartered out five newbuilding MR2 product tankers. Angeliki Frangou, Chairman and Chief Executive Officer of Navios Acquisition, stated, “By chartering out forward deliveries, we continue o
Expanding O&G Production is Key for U.S. Economy Growth, Salazar Says
The Obama administration yesterday announced that the Department of the Interior’s Bureau of Ocean Energy Management (BOEM) will hold the consolidated Central Gulf of Mexico Lease Sale 216/222 in New Orleans on June 20, 2012. The sale will include all available unleased areas in the Central Planning
USA: Barton Creek Resort and Spa to Host GDS International’s NG O&G Summit
On 7-9 February 2012, the Barton Creek Resort and Spa in Texas will be host to a 65-strong consortium of CEOs and Senior Corporate Officers from small, mid and large cap oil and gas producers attending the latest Next Generation Oil and Gas Summit (NGO&G). Positioned at the very pinnacle of their in
Bangladesh: VOSTA LMG Hands Over Three CSD’s 450 to BIWTA
Karnafuly joint venture consortium ltd. delivered three high quality Cutter Suction Dredgers 450 to Bangladesh Inland Water Transport Authority (BIWTA). On Wednesday the 18th of January the vessels were inaugurated by the Prime Minister of Bangladesh, Sheikh Hasina. The vessels were built in close c
Gazprom, Sovcomflot to Arrange Test LNG Shipment via Northern Sea Route
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Sergey Frank, Director General of Sovcomflot. The parties discussed the interaction within the Prirazlomnoye field development, including the arrangement of oil transport
Norway: Havila Nets Four Charter Deals
Havila Shipping has entered into an agreement with FugroTSM in Australia for a two year extension of the contract for the subsea vessel Havila Harmony. The extension will keep the vessel on contract until March 2014, with two optional periods of one year until March 2016. A contract is entered into
Norway: Havila Shipping Secures Several Charter Contracts
Havila Shipping has entered into an agreement with FugroTSM in Australia for a two year extension of the contract for the subsea vessel Havila Harmony. The extension will keep the vessel on contract until March 2014, with two optional periods of one year until March 2016. A contract is entered into
Norway: Havila Shipping Secures Four Charter Contracts
Havila Shipping announced that it has entered into an agreement with FugroTSM in Australia for a two year extension of the contract for the subsea vessel Havila Harmony. The extension will keep the vessel on contract until March 2014, with two optional periods of one year until March 2016. A contrac