COSCO Pacific, a port operator subsidiary of China’s state-owned shipping giant China Ocean Shipping Co. (COSCO), has signed a US$4.2 billion deal to take over management of Greece’s container port Piraeus. Cosco has signed a 35-year lease and will spend US$707 million to upgrade port facilities, bu
Farstad Shipping Ltd., a wholly owned UK subsidiary of Farstad Shipping, has entered into an agreement to buy the platform supply vessel Seabed Viking. The vessel is a Havyard 832 CD (4000 DWT) built at Fjellstrand AS and delivered in February 2010. The vessel is a modern and environmentally friendl
Blasting will take place at a busy north-east harbour next week as work on a multimillion-pound port expansion enters its final phase. The massive Smith Embankment project at Peterhead is just weeks away from completion. Work to build a 650ft quay and 330ft breakwater at the busy Buchan port began i
Production had been shut down on Gullfaks C since a well incident occurred on 19 May. Activities on board have been concentrated on plugging the C-06 well systematically from the bottom and up. The incident entailed change in pressure and loss of drill fluid, which resulted in the loss of one barrie
DONG Energy has agreed a development plan for the Norwegian gas field Marulk, in which DONG Energy has a 30% stake. The costs of developing the Marulk field are expected to total approximately DKK 3.8 billion, of which DONG Energy’s share will amount to approximately DKK 1.1 billion. “The developmen
Dana Petroleum announces the successful appraisal of the Blackbird oil field in the UK Central North Sea. The 20/2a-9 well, operated by Nexen, was drilled in a water depth of approximately 367 feet to a total measured depth of 12,000 feet, targeting a high quality Upper Jurassic oil discovery. The w
Terminal Catalunya (Tercat), a member of the Hutchison Port Holdings (HPH) Group, is to take over the site of the Muelle Prat container … [mappress] Source: worldnews, July 14, 2010;
TGS has commenced a new multi-client 3D survey in partnership with PGS. This project, ESB10, covers an 1,100 km2 area in the East Shetland Basin area immediately west of the United Kingdom/Norway border. Ramform Viking, operated by PGS, is acquiring this multi-client high density 3D survey, utilizin
Spain has cut its July LNG shipping schedule further, despite stronger demand for power generation than previously expected… [mappress] Source: argusmedia, July 14, 2010
Foreign companies will be in for 49% of the Yamal LNG (liquefied natural gas) project, director of the LNG-project development department at… [mappress] Source: interfax, July 14, 2010;
Lloyds Banking Group’s Corporate Markets division has boosted the growth prospects of leading oil and gas services firm EnerMech Ltd with new funding worth £24 million. The Aberdeen-based mechanical engineering services business will also streamline its global finance capabilities with a new interna
The dredging currently being carried out by the Freeport has been authorised by the health authorities – although there are a number of … [mappress] Source: di-ve, July 13, 2010;
U.K. natural gas grid operator National Grid PLC (NGG) Monday said the Al Kharsaah liquefied natural gas ship berthed at its Isle of Grain… [mappress] Source: automatedtrader , July 6, 2010;
Campaigners have called for an end to the dumping of dredged waste at Whitsand Bay in Cornwall. Millions of tonnes of silt from the nearby… [mappress] Source: news.bbc, July 12, 2010;
