News
IHC Merwede Delivers DCI DREDGE XIX (The Netherlands)
On Thursday 15 November, the delivery of the 5,500m³ trailing suction hopper dredger, DCI DREDGE XIX, took place at Waalhaven in Rotterdam, the Netherlands. The dredger was received by the Dredging Corporation of India (DCI) Manager Mr YSR Murthy three weeks ahead of the contractual delivery date. I
Boskalis Ups Stake in Dockwise to 29 Pct (The Netherlands)
Royal Boskalis Westminster N.V. (“Boskalis”) yesterday acquired approximately 11.5 million shares in Dockwise. This shareholding represents 29% of the shares in the Dutch heavy-lift and transportation specialist. Boskalis yesterday announced its intention to acquire Dockwise for a total consideratio
Russia: Gazprom, Ukraine Discuss Gas Cooperation
The Gazprom headquarters hosted a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Yury Boiko, Ukrainian Energy and Coal Industry Minister. “The meeting regarded the prospects for strategic long-term cooperation,” Gazprom said in a statement. “The parties als
TAQA Working to Restart North Cormorant Production (UK)
TAQA Bratani has reported that production on North Cormorant, Tern and Eider is in the process of being restarted. The company on Sunday evacuated 92 workers from the North Cormorant platform in the UK North Sea due to a gas leak on the facility. “TAQA will begin re-manning of North Cormorant as soo
Statoil Supends Brugdan II Drilling Due to Bad Weather (Faroe Islands)
Statoil and its partners ExxonMobil and Atlantic Petroleum have decided to temporarily suspend operations on the Brugdan II well offshore the Faroe Islands. The Brugdan II well has drilled into the sub-basalt section, but the primary objective has not yet been reached. “The decision to suspend the d
ConocoPhillips to Sell Interest in Kashagan to ONGC, Kazakhstan
ConocoPhillips announced that it has notified government authorities in Kazakhstan and its co-venturers of the company’s intent to sell its 8.4 percent interest in the North Caspian Sea Production Sharing Agreement (Kashagan) to ONGC Videsh Limited. Subject to various government approvals, Kazakhsta
Russia: Novatek Provides Update on Share Buyback Program
Russia’s largest independent gas producer Novatek is continuing with its share buyback programme. Novatek said that pursuant to the company’s buyback program announced on 7 June, during the period from 16 through 23 November 2012, 485 thousand ordinary shares (including in a form of Global Depositar
Boskalis Now Owns 22% Stake in Dockwise (The Netherlands)
Following a press release issued this morning regarding an intended offer for Dockwise Ltd , Royal Boskalis Westminster N.V. (“Boskalis”) announces that it has acquired in excess of 8.5 million shares in Dockwise in the course of trading today. This shareholding represents slightly less than 22% of
Songa Offshore Puts Difficult Period Behind, CEO Says
Songa Offshore SE reports operating revenue for the third quarter 2012 of USD 145.4 million with a total loss of USD 108.4 million, following an impairment loss of USD 116.8 million due to the sale of the ultra deep water rig Songa Eclipse. EBITDA for the quarter was USD 56.8 million. “Our ambition
ConocoPhillips Selling Kashagan to ONGC (Kazakhstan)
ConocoPhillips today announced that it has notified government authorities in Kazakhstan and its co-venturers of the company’s intent to sell its 8.4 percent interest in the North Caspian Sea Production Sharing Agreement (Kashagan) to India’s ONGC Videsh Limited. Subject to various government approv
Load Line Marine Considers Fleet Expansion with Two Eco-Design Bulkers (Greece)
Load Line Marine S.A., the company launched three years ago by former Elmira Shipping & Trading technical director George Souravlas, may expand its fleet with new additions of eco-friendly bulkers, the maritime portal Shipping Herald reports. Reportedly, the company, prompted by growing demand for e
Greece: Safe Bulkers Orders Capesize Vessel
When it comes to purchase of secondhand vessels it seems that Greek shipowners are taking the lead based on the developments over the past seven days. Namely, last week the shipping industry recorded purchase of 4 bulk carriers at a value of about $68.3mil and 2 tankers worth about $41.5mil, Golden
Boskalis Buys 10 Pct Shares in Dockwise (The Netherlands)
Following a press release issued this morning regarding an intended offer for Dockwise Ltd. (“Dockwise”), Royal Boskalis Westminster N.V. (“Boskalis”) announces that it has acquired approximately 4 million shares in Dockwise in the course of trading today. This shareholding represents more than 10%
Germany: Windreich Makes No Extra Costs for Consumers
The construction and connection to the grid of Windreich’s North Sea projects Global Tech I, Deutsche Bucht and MEG 1 are running right on schedule. This makes Windreich AG the only project planner that hasn’t caused any additional burden for the consumers. “The largest investment is needed for the