Bob Oatley’s two-time Rolex Sydney Hobart line honours winner and record breaker, Wild Oats XI, has moved one step closer to this year’s start line with the successful installation of the yacht’s new mast this afternoon at Woolwich Dock. The towering black carbon fibre mast, reaching almost 45 metre
Total announces that it has signed an agreement with Sinopec to farm into two onshore exploration blocks in Yemen with an interest of 40%. The agreement was recently approved by the Yemeni government. Block 69, which covers an area of 1,333 square kilometres, is located in central Yemen’s Marib Basi
Aker Kvaerner today celebrates the success of the company’s MultiBooster pump technology that is now operational at BP’s King field in the Gulf of Mexico. BP expects the two subsea pumps to enhance production by an average of 20 percent.
Hercules Offshore, Inc. announced today that Oil and Natural Gas Corporation Limited (ONGC) has awarded three-year contracts for the Hercules 258 and Hercules 260 jackup rigs for drilling operations offshore India. The contract for the Hercules 258 is expected to commence in mid-second quarter 2008
Husky Energy Inc is pleased to announce that an agreement has been reached with BP to create an integrated, North American oil sands business consisting of pre-eminent upstream and downstream assets. The development will be comprised of two joint 50/50 partnerships, a Canadian oil sands partnership
DryShips, Inc., a global provider of marine transportation services for dry bulk cargoes announced today the following: • The company has entered into an agreement to purchase a 2001 built, 172,579 dwt Capesize bulk carrier, for US$152.25 million. The vessel will be delivered charter free during the
Northern Ireland’s fishing industry has been given an investment boost of more than £25m. Fisheries Minister Michelle Gildernew said £12.76m European funding would be matched by a grant from the assembly.
The exploits of PUMA Ocean Racing are creating quite a fuss among local media in Boston where skipper Ken Read is continuing crew training aboard the Volvo Open 70 PUMA Avanti (formerly ABN AMRO TWO). David Schmidt, the Associate Editor of SAIL Magazine, was fortunate enough to go along for the ride
Havila Shipping ASA has today, through its subsidiary Havila Ships AS, entered into an agreement with Havila Ariel ASA of a sale and leaseback of the AHTS vessels Havila Mars and Mercury. Price per vessel is NOK 476 mill and is based on valuation from three independent shipbrokers. The lease- agreem
Technip has been awarded by Aker-Kvaerner two contracts, worth approximately €270 million, for the flexible pipelines for an oil field located off the eastern coast of India, at a water depth of 1,400 meters.
Granby Oil and Gas has farmed out blocks 9/22 and 9/23c to Valiant Petroleum Limited. Granby has signed a binding Heads of Agreement with Valiant Petroleum to farm out a 25% interest in License P.1208 UKCS blocks 9/22 and 9/23c in the North Sea.
The crew of a Dutch cargo ship which is thought to have collided with a migrants’ boat causing it to capsize rescued two of the 12 passengers from the stricken vessel. It is believed the cargo ship, the Fair partner, operated by the Rotterdam company Jumbo Shipping, collided with the smaller boat po
A BILL to tighten up regulations on ship-to-ship oil transfers was to be presented to the House of Commons today by Edinburgh North & Leith Labour MP Mark Lazarowicz. Mr Lazarowicz won eighth place in the annual ballot for private members’ Bills, giving him a reasonable chance of seeing his proposal
Aicon, an Italian Group based in Messina specializing in the design, construction and sale of luxury motoryachts and megayachts, would like to announce the presence of two new managers on its team: Maurizio Grasso, Sales Director, Pietro Quattropani, Purchasing and Acquisitions Director.
