Business & Finance
Italy: Carnival Pcl Hires SMIT Salvage to Remove Fuel from Costa Concordia
SMIT Salvage, a unit of Dutch maritime services firm Royal Boskalis Westminster NV has been hired by Carnival Plc to remove the 2,400 tons of fuel from the Costa Concordia. Over the weekend, a full bathometry survey was initiated. The outcome of the survey will provide further insight into seabed be
USA: Schlumberger Reports Growth in Fourth-Quarter and Full-Year 2011 Results
Schlumberger Limited reported full-year 2011 revenue of $39.54 billion versus $27.45 billion in 2010. Full-year 2011 income from continuing operations attributable to Schlumberger, excluding charges and credits, was $4.97 billion, representing diluted earnings-per-share of $3.66 versus $2.86 in 2010
Canada: Ithaca Receives Takeover Bid
Ithaca Energy Inc., a North Sea oil and gas exploration, development and production company with offices in Calgary, Canada and Aberdeen, Scotland notes the recent movement in the Company’s share price on the Toronto Stock Exchange and confirms that it has received a confidential, non-binding propos
Bermuda: Golar LNG Buys Carrier Gandria
Golar LNG announced that it has become 100% owner of the LNG Carrier Gandria. Golar has purchased the remaining 50% share interest in Bluewater Gandria N.V, the owning company of the vessel, from an affiliate of Bluewater Energy Services B.V. The price has been agreed all-in at $19.5 million. Prior
Russia: Gazprom, Shell Discuss Shakhalin II
The Gazprom headquarters hosted last week a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Peter Voser, Chief Executive Officer of Royal Dutch Shell. The parties tackled the issues of bilateral cooperation as part of the Sakhalin II project. They also addre
Development of Maritime Environmentally and Economically Optimized Solutions
Upon fostering the development and advancement of the Maritime Industry, it is of a striking importance to ensure that coastal environments, waterways and oceans are not threatened by shipping and offshore operations. Marine pollution has been recognized as one of many other serious threats to the w
Green Statesman Visits Khalifa Port and Kizad, UAE
Jonathon Porritt, the renowned green campaigner and Founder Director of Forum for the Future, has praised ADPC’s megaproject on a fact-finding site visit, calling both projects “markers for the future”. Mr Porritt, the former UK government advisor on green issues, was escorted around the Kizad (Khal
Swedish Lundin Lifts Output Forecast for 2012
Lundin Petroleum, a Swedish independent oil and gas exploration and production company says that its net working interest production forecast for 2012 is between 32,000 and 38,000 barrels of oil equivalent per day (boepd). The company’s production for 2011 is forecast at approximately 33,200 boepd w
Naming Ceremony for New FESCO’s Dry Bulk Carrier at Chinese Shipyard
China’s Qingshan Shipyard held on January 19, 2012 an official naming ceremony for a new dry bulk carrier FESCO Smolensk ordered by Transportation Group FESCO. Godmother of the vessel – Svetlana Chabrova, wife of Vladimir Chabrova, Director, Department of the Navy branch of OAO “Far Eastern Shipping
The Netherlands: Energy Efficient OSV’s are Future of Offshore Industry, Survey Shows
In preparation of Offshore Support Vessels Summit 2012, a new survey conducted by the Oil and Gas IQ asked more than 200 offshore maritime experts to present their views on energy efficiency OSVs. The survey shows that a significant 87.5 per cent of industry experts believe that energy efficient OSV
France: JACCAR Holdings Acquires Additional Shares in BOURBON
BOURBON was informed on 20th January that JACCAR Holdings SA had acquired 945 000 additional shares in BOURBON. The participation of JACCAR Holdings SA in BOURBON thus passes from 24.6% to 26.04% of the capital and 25.7% to 27.12% of the voting rights. Commenting on its rising above the 25% threshol
USA: Port of Los Angeles Releases Draft Environmental Impact Report
The Port of Los Angeles has prepared a Draft Environmental Impact Report (EIR) for the Al Larson Boat Shop Improvement Project, which proposes to modernize and upgrade the existing facility located at 1046 Seaside Avenue on Terminal Island. The proposed project would allow Al Larson to enter a 30-ye
Awe Goes Shopping Offshore Indonesia
AWE Limited has executed a Sale and Purchase Agreement under which it will acquire a 100% interest and operatorship of two Production Sharing Contracts (“PSCs”) offshore Indonesia, including an undeveloped oil field with an estimated 76 million barrels of recoverable oil. The consideration for the a
Dolphin Geo Wins Contract for Artemis Arctic Seismic Vessel in India
Dolphin Geophysical has received a Letter of Award from an undisclosed client for the acquisition of a 3D survey offshore India. The survey will be acquired with the M/V Artemis Arctic and is expected to be completed in early April 2012. Atle Jacobsen, CEO commented; “We are very pleased to be award