Business & Finance
USA: Genesis Energy Acquires Interests in Gulf of Mexico Oil Pipelines, Including Poseidon
Genesis Energy, L.P. announced that it has entered into definitive agreements to acquire from Marathon Oil Company interests in several Gulf of Mexico crude oil pipeline systems, including its 28% interest in Poseidon Oil Pipeline Company, L.L.C., its 29% interest in Odyssey Pipeline L.L.C., and its
Cyprus: Deep Sea Supply Gives October Status Fleet Update
In October 2011 Deep Sea Supply`s AHTS fleet (all 12 AHTS Vessels) had an average gross income of approx. USD 19,600 per ship per day compared to USD 15,800 in September. The PSV fleet (all 8 PSVs) had an average gross income of approx. USD 20,000 per ship per day compared to USD 20,200 in […
Singapore: Petrobras CEO Speaks About Challenges of Growing Energy Demand
This Monday, (31/10), in Singapure, Petrobras’ CEO, Mr. José Sergio Gabrielli de Azevedo talked about the the last 5 years increase in oil consumption, highlighting that markets such as China, India, Brazil, South America and Africa presented very promising opportunities for the oil and gas sector.
HII Gets USD 13 Million Contract for USS Zumwalt
Huntington Ingalls Industries announced today that the company’s Ingalls Shipbuilding division has been awarded a $13 million contract for continued work on the U.S. Navy’s Zumwalt(DDG 1000) class of destroyers. This is a modification to a previously awarded contract. “This contract modification pro
UK: WFS Technologies Appoints Derek Blackwood to its Board
WFS Technologies announces the appointment of Derek Blackwood, OBE, President of Wood Group PSN Americas region, to its Board of Directors. Derek began his career as a student apprentice with BP Tanker Company gaining an HND in Marine Engineering. He worked in a variety of roles within the oil & gas
Russia: Ust-Luga Port Hosts Baltic Forum of Compatriots
On 29 October, Saturday, Ust-Luga Port hosted a visiting session of «The Baltic Forum of Compatriots» organized with the support of the Leningrad Region Government. The principal goal of the forum was to discuss the problems related to disseminating objective information about Russia abroad. The for
USA: EPL Increases its Stake in Core Main Pass Area
Energy Partners, Ltd. yesterday announced it has executed a purchase and sale agreement to acquire oil and natural gas assets in the shallow-water central Gulf of Mexico (GOM) from a subsidiary of Stone Energy Corporation for $80.0 million. The transaction involves additional interests in the Main P
Evergreen Line Adjusts Intra-Asia Services Due to Market Demand
In view of the development of intra-Asia waterborne trade, Evergreen Line will realign its fleet deployment and launch new services, effective November 2011. Two new service loops will replace the existing Japan – Taiwan – South China Sea (JTS) service. The new South China Sea – Hong Kong (SCH) loop
Norway: Aker Solutions Acquires Well Technology Business from X3M
Aker Solutions has signed an agreement to acquire the well intervention technology business from X3M (pronounced “Extreme”) International. The acquisition will grow Aker Solutions’ well intervention technology and service portfolio worldwide as well as increase the company’s presence in the importan
Norway-based Aker Solutions Increases its Middle East Presence with X3M Acquisition
Aker Solutions has signed an agreement to acquire the well intervention technology business from X3M (pronounced “Extreme”) International. The acquisition will grow Aker Solutions’ well intervention technology and service portfolio worldwide as well as increase the company’s presence in the importan
USA: BAE Systems, MOTC Launch Largest Vessel from State of Alabama
BAE Systems has joined with Mid Ocean Tanker Company (MOTC) to launch the American Phoenix, a U.S. Flag/Jones Act product chemical tanker. Measuring 616 feet long and 105 feet wide, it is largest vessel ever launched from the State of Alabama. It has a draft of 36 feet and a cargo capacity of 49,000
Ten NOF Energy Members Win Piece of Regional Growth Fund (UK)
Ten NOF Energy members based in North East England have been successful in securing a proportion of the Government’s £950million Regional Growth Fund. NOF Energy is the business support organisation for oil, gas, nuclear and offshore renewables sectors. George Rafferty, Chief Executive of NOF Energy
UK: GeoAcoustics Appoints Francisco J. Gutierrez as Product Manager
On 1 November 2011 Francisco Gutierrez joins GeoAcoustics as Product Manager. His main responsibility will be to support the internal- and external salesteam. Francisco’s tasks are to prepare and execute product demonstrations, publish technical papers and support the GeoAcoustics product evolution
USA: Dr. Larry Robinson Plans to Step Down from NOAA
Dr. Larry Robinson, NOAA’s assistant secretary of commerce for conservation and management, and deputy administrator, announced that he plans to step down effective November 18, returning to academia to resume his work in academic administration and train the next generation of environmental scienti