Shell Petroleum Development Company (SPDC)and Caverton Helicopters Limited, an indigenous company, have sealed a N93.73 billion… [mappress] Source: businessdayonline, May 31, 2010;
The federal government is moving ahead with plans to grant new offshore oil-exploration licences in Canada’s Arctic, despite the U.S. government’s expanding freeze on offshore drilling in the wake of the Gulf Coast spill. Moreover, any company granted an exploration licence in Canada’s portion of th
PetroChina plans to complete construction of wharf for Dalian LNG terminal before the yearend, said CNPC, parent of PetroChina… [mappress] Source: istockanalyst, May 31, 2010;
Van Oord has been awarded the contract to perform maintenance dredging in the port of Beira, Mozambique. The customer is CFM (Portos e Caminhos de Ferro de Moçambique). The contract value amounts to some EUR 37 million. The work has begun in April 2010 and will take approximately eighteen months to
Wärtsilä, the marine industry’s leading ship power systems integrator, has signed a contract to deliver a ship power system for a 38,000 tonnage semi-submersible heavy-lift vessel for Chinese customer Zhejiang Share-ever Business Co., Ltd. Wärtsilä’s solution was selected for its proven reliability,
Bidding for concessions to build and operate the first batch of offshore wind power plants in China started on May 28, reports China… [mappress] Source: capitalvue, May 31, 2010;
Seadrill Limited (“Seadrill”) announces the acquisition of a further 9,071,948 shares in Scorpion Offshore Limited (“Scorpion”) on Friday, May 28, 2010 taking its total holding to 45,010,851 shares, representing 50.11 percent of the issued shares in Scorpion. The acquisition of the additional shares
Leading European energy company, Vattenfall, has awarded A2SEA a contract to transport 30 5MW RePower turbines from Belfast Harbour to the Ormonde Offshore Wind Farm, 10km off the coast of Barrow-in-Furness in the Irish Sea. In addition to providing the specialist jack-up barge SEA JACK and its expe
The Netherlands has finally been asked to help clear up the oil spill in the Gulf of Mexico. Oil spill specialists Koseq have been… [mappress] Source: rnw, May 31, 2010;
The new ‘Hayle Harbour Authority’ has issued a press release announcing that ‘Dredging at Hayle is to be Halted’. Since the dredging license has expired this is a prudent move. A decision has been taken to halt dredging at Hayle Harbour pending a full comprehensive review by the Harbour Master into
The US Coast Guard issued a Final Rule that revises the requirements for waterfront facilities handling liquefied natural gas (LNG) and liqu… [mappress] Source: logisticsweek, May 31, 2010;
The Green Party wants the oil drilling programme in New Zealand’s Great South Basin to be stopped, until the cause of the US oil catastrophe is identified. Party co-leader Russel Norman says the basin off the South Island’s south-east coast, is home to sensitive marine mammals and ecosystems that wo
A U.S. presidential order that may criminalize ransom payments to pirates in Somalia is “unhelpful,” according to groups representing most of the world’s shipowners. “The U.S. does not appreciate the potentially life- threatening impact of the order on the lives of over 250 seafarers currently being
Difficult operating environment for the global shipping industry, coupled with higher operational costs dragged down Shipping Corporation of India’s (SCI), the country’s largest shipping firm, operating profit margin by 70 basis points y-oy to 17% in the March 10 quarter. The company grappled with h
