International oil companies remain vital to the growth of Asian oil and gas industry. Asia still requires the injection of profit-driven innovation from international oil companies, sector leaders claim. Asia needs international oil companies…
Walter Cumming, head of oil and gas, Barclays Corporate, weighs in. The theme of cautious optimism remains as we move towards the end of the year and all eyes are on the 2012 budget as the industry hopes to see longer-term certainty and clarity in areas such as decommissioning…
The joint venture formed by Technip (50%) and Odebrecht Oil & Gas (OOG, 50%) received a letter of award from Petróleo Brasileiro S.A. (Petrobras) for the charter and operation, during a fixed period of five years, of two identical flexible pipeline…
On November 17, 2011, General Dynamics Bath Iron Works celebrated the keel laying of Zumwalt (DDG 1000), the first ship in the planned three-ship Zumwalt class of guided-missile destroyers. The keel unit is the 4,000-ton, heavily outfitted mid-forebody section of the ship…
Statoil has acquired a 30% participating interest in block 47 offshore Suriname from Tullow Oil. Tullow Oil operates the block 47 licence offshore Suriname with 100% working interest. Tullow will retain the operatorship and 70% working interest…
Yesterday’s well-attended ballast water policy teleconference briefing by the Canadian Minister of Transport served notice that Canada has no intention of allowing the state of New York to dictate ballast water regulations, nor impede commerce on the St…
Fairmount Marine’s powerful tug Fairmount Glacier has successfully assisted the new build semi submergible drilling rig Scarbeo 9 sailing around Cape of Good Hope. For this operation Fairmount was contracted by Saipem Energies directly after the successful installation of the floating…
The management of J.J. Sietas KG Schiffswerft GmbH u. Co. and J.J. Sietas Verwaltungs GmbH have filed a petition for insolvency at the Municipal Court Hamburg on 17 November 2011, due to over-indebtedness. Work on ships under construction will continue…
Diana Shipping Inc. (NYSE:DSX), a global shipping company specializing in the ownership and operation of dry bulk vessels, today announced that it has agreed to purchase from an unaffiliated third party the MV 'Vathy', a 2010 built Panamax dry bulk carrier of 81…
Northrop Grumman (NYSE:NOC) won a follow-on and additional task order contracts totaling $69m from the U.S. Navy's Office of Naval Research (ONR) for the Navy's Integrated Topside (InTop) program. InTop is an innovative, scalable suite of electronic warfare…
At the North American Marine Environment Protection Association’s annual Awards dinner, Royal Caribbean Cruises, Ltd. (which includes Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises), the world’s second largest cruise company…
GIS Creates Integrated Data Workflow for More Efficient Chart Production. The National Oceanic and Atmospheric Administration (NOAA) has implemented a new nautical charting system based on Esri GIS technology to produce more navigational…
Inland Salvage Inc. Salvage Team members recently fought with high current Mississippi River conditions to refloat a sunken coal barge near Lake Providence, LA. The barge was fully loaded and headed south when it went down in March of this year…
Acquisition strongly boosts RINA offshore and port development services. By taking control of the D’Appolonia Group, a global engineering consultancy, international classification society RINA has increased its group turnover by almost 50…
An IADC Best Paper Award for a Young Author under the age of 35 was presented to Bas Borsje at the CEDA Dredging Days in Rotterdam on November 11, 2011, for the paper “Biogeomorphological Interactions on a Nourished Tidal Flat: Lessons Learned from Building with Nature”…
