INPEX CORPORATION announced that through its wholly owned subsidiary, INPEX South Makassar, Ltd. (INPEX), it has been granted the approval of the Indonesian Government to acquire a 15% participating interest in the Sebuku Block from Pearl Oil (Sebuku) Limited* (Pearl Oil). Sebuku Block is located 30
Seadrill Limited announces today that it has successfully completed issuance of a US$350 million bond in the international market. The senior unsecured bonds have a coupon of 6.5% payable semi-annually in arrears and mature in October 2015. The bonds will be issued and redeemed at 100% of their prin
The findings of a new study of the potential benefits of offshore wind energy should be thrilling to coastal North and South Carolinians -… (thesunnews) [mappress] Source: thesunnews, September 30, 2010;
Russia’s state-run United Shipbuilding Corporation may sell 20-30 percent of its shares in an initial public offering in 2013, USC President Roman Trotsenko said on Thursday. “It’s up to the government to decide but let me presume that the level of 25-30 percent is the optimal one. Perhaps, this wil
Actuant today reported sales of US$310.3m for its fourth quarter ended August 31, 2010, a 19 per cent gain compared to the same period a year ago. The company reported a net loss of US$16.8m compared to net income of US$16.5m a year ago. The loss was largely due to costs associated discontinued oper
Japan-based NYK Line is building a new slurry tanker for shipments of New Zealand ironsands to China and Japan. NYK and New Zealand Steel Mining Ltd (NZSM) — the local face of BlueScope, the former BHP conglomerate which controls the Glenbrook steel mill — have agreed to extend their current contrac
A week after maritime security forces warned ship owners of increasing piracy, a tanker owned by a UAE company has been hijacked by pirates in Somalia. The Panamanian flagged MT Asphalt Venture was seized around 100 miles South of Dar es Salaam after unloading its cargo of bitumen at Mombasa in Keny
Aker Solutions has been selected to supply further subsea umbilicals for leading US independent oil and gas company Noble Energy Inc. The deal is worth approximately NOK 270 million. This latest order is an exercise of options agreed under the initial NOK 650 million umbilical contract which was ann
A French rolling port strike at the country’s strategic Fos-Lavera oil hub near Marseille entered its fourth day on Thursday, blocking a total of 24 oil tankers, the port authority said. The strikers, who are protesting against a French pension bill and aim to secure job guarantees as part of a port
MSC Cruises has recently released its 2011-2012 schedule, which includes the United Arab Emirates as a new destination. The MSC Lirica will be based in Abu Dhabi and Dubai for her busy 2011-2012 winter season. The itinerary includes a full schedule of nineteen 8 day-7 night cruises from Abu Dhabi, w
The partners in block 15/06 announce a successful oil discovery in the Cabaça South East-2 well in block 15/06, located offshore Angola. “I am very pleased with the successful discovery in block 15/06. This illustrates that this profilic basin will continue to deliver significant volumes to Statoil,
Despite all the recent setbacks, plans to restart the stalled Hernando Beach Channel dredging project are moving forward, County Administrator David Hamilton assured commissioners on Tuesday. He said he hopes to have a new plan before the board by Oct. 26 for the long-awaited project to widen, deepe
International accountant and shipping consultant Moore Stephens reports an average fall of 2 percent in total annual operating costs in OpCost 2010, its unique ship operating costs benchmarking tool. This is the first time since 2002 that OpCost has revealed a fall in total operating costs, which co
New chemicals and other dangerous goods bring new challenges for their safe shipment by sea. This is reflected by a new amendment to SOLAS II-2/19 “Carriage of Dangerous Goods”, which focuses on the corresponding requirements for equipment on board. International agreements control the transport of
