Business & Finance
Oman: Renaissance Sees Growth Opportunities in Arabian Gulf and Caspian Sea
Renaissance Services SAOG has announced that its Board of Directors has approved the raising of up to Rial 50 million (USD 130 million) of additional capital through a quasi-equity instrument, subject to regulatory provisions and the shareholders’ approval. The offering will be open to current share
Cairn Third Well Offshore Sri Lanka Comes Up Dry
Cairn has successfully completed the first phase of the exploration campaign in Sri Lanka Block SL-2007- 01-001. The exploration programme involved the acquisition, processing and interpretation of 1,753 sq km of 3D seismic data and a three well deep water drilling programme. The seismic programme e
UAE: DP World Achieves Top Recognition from ACCA
DP World, UAE Region has been globally recognised by the Association of Chartered Certified Accountants (ACCA) as providing outstanding training and development opportunities for DP World’s Finance Department employees. The ACCA Platinum Approved Employer certificate was presented to Mohammed Al Mua
UK: Macduff Completes Year with Several New Designs
Over the years Macduff Ship Design Ltd has accumulated a wealth of experience in the design of marine craft from small open fish farm work boats up to large self propelled backhoe dredger units, from classically styled motor yachts to the most modern of deep water stern trawlers. In December 2011, M
China: SF Shipyard Delivers New Bulk Carrier to CONTI
On Dec.20, SF shipyard held the Naming and Delivery ceremony on its dock No. 3. The last one of four 57.000 DWT Bulk Carriers built for Germany Ship owner “CONTI” was successfully named and delivered. 57.000 DWT Bulk Carrier is designed for a ocean going，single screw diesel driven single deck singgl
OOCL Wins Award for Operational Excellence from Major US Exporter
OOCL announces that it has been recognized and awarded by one of their major customers in the United States, the Scoular Company, for their operational excellence in providing the best customer-centric services amongst all the other major carriers. The award was presented to OOCL at an Agriculture T
LITC Activates New Enhanced Submarine Cable System Between Libya and Italy
The Libyan International Telecom Company (LITC) announced the activation of the new enhanced submarine cable system connecting Libya and Italy. System uses the newest technologies to provide large capacities reaching 40Gbps instead of the old system (2.5 Gbps). The activation of this system will hel
Long Pause Blurs Balance of Wind Farm Baltic 1 (Germany)
The four-week break in the fall accident has marred the balance of the first German offshore wind farm in the Baltic Sea “Baltic I”. “Generating electricity from the September 17th to October 15th was very good and was on schedule, “said the spokeswoman of the energy group EnBW, Friederike Eggstein.
Long Pause Blurs Balance of Wind Farm Baltic 1 (Germany)
The four-week break in the fall accident has marred the balance of the first German offshore wind farm in the Baltic Sea “Baltic I”. “Generating electricity from the September 17th to October 15th was very good and was on schedule, “said the spokeswoman of the energy group EnBW, Friederike Eggstein.
Karoon Expects to Start Drilling Offshore Peru Prospect at 2012 End
Karoon is receiving tenders for the provision of a drilling rig for a minimum of two wells in the Tumbes Basin Block Z-38. The likely timing for the commencement of drilling is expected to be the end of 2012 and Karoon said it would keep the market informed when a rig is secured. Karoon is […
COSL Deploys Deepwater Exploration Vessel in South China Sea
China will soon put its very first deepwater exploration vessel into use in the South China Sea, according to China Petroleum Daily. The statement did not indicate in which part of the South China Sea the vessel will be working. ‘Ocean Oil 708’ can work in 3,000 meters water depths and its drilling
Australia: Bass Strait Oil Company Announces Forward Exploration Program
Bass Strait Oil Company Ltd, a specialist petroleum explorer focused exclusively on southeast Australia, announced recently its forward exploration program fot its assets in the offshore Gippsland Basin and the offshore Bass Basin Gippsland Basin The company holds interests in four offshore permits
South Korea: Chellship Expects Delivery of Three New Vessels in 2012
Chellship is expected to take delivery of three new vessels in 2012. These are the Kamsarmax vessel Darya Kirthi of 80,500 DWT being built at STX Korea and the handy size vessels Darya Ganga and Darya Jamuna being built at HMD Korea. The construction of the vessels is proceeding smoothly with the Ke
COSL4 Platform Receives Safety Production Award by PEMEX, Mexico
China Oilfield Services Limited announces that COSL4 platform has recently received a Safety Production Award in the year-end safety conference hosted by Petroleos Mexicanos （“PEMEX” for its track record of having 1,456 days of zero-event operation. Over the years, COSL4 platform has been implementi