Tony Hayward, the chief executive of BP, told an audience of industry professionals and community leaders at the Houston Forum today that ‘For the medium term, the era of cheap energy is behind us.’ BP is one of the world’s largest energy companies and Hayward said that although he is no subscriber
Polish competition authorities have cleared the way for the country’s iconic, but struggling, Gdansk shipyard to be bought by Ukrainian firm Donbass. Donbass first said in September that it aimed to buy 75% of Gdansk for 400m zlotys ($161m; £76m), before later adding that it wanted the full 100%.
The dredging of the mouth of Puducherry Port would be taken up by the Kerala State Maritime Development Corporation (KSMDC) following the signing of memorandum of understanding with the Port Department on Wednesday.
SBM Offshore N.V. is pleased to announce that the Company has recently received a number of Orders and Letters of Intent in both the lease and the turnkey supply segments of its activities.
Following the announcement on Tuesday October 23rd regarding the new ownership situation in Aker Yards ASA the Board of Directors has decided to actively explore the company’s strategic options. The Board has engaged Arctic Securities ASA as financial advisors, and will further engage an internation
Australia’s Beach Petroleum Limited today announced its first foray into the European Oil and Gas industry by moving into Spain’s energy sector in a bid to become a long-term supplier to Europe’s high demand, high paying power markets.
A ship’s distress signal has been traced to a mountain of scrapped fridges and TVs in Belfast. A team from broadcasting regulator Ofcom found the beacon after the mayday was picked up by Civil Aviation Authority Receivers on the Isle of Man.
According to a report in today’s Star Ledger, the New York Container Terminal is looking to open the first new shipping port in the Arthur Kill in over thirty years. However, according to the paper, negotiations between the NYCT and the Port Authority of New York and New Jersey are at a standstill w
Norwegian Cruise Line (NCL) and the Bermuda Government announced today that they have reached a comprehensive, long-term agreement that calls for two of NCL’s newest and largest ships to be deployed to Bermuda for the next 10 years, commencing 2009 and running through 2018. These ships will predomin
Oil and gas production from Grane and Heimdal will after all be maintained during the night before Friday 9 November. StatoilHydro has continuously evaluated the consequences of the new report on acceleration forces (G-forces) related to the use of lifeboats.
The Hanse 320 was nominated ‘European Yacht of the Year 2007/2008’ in the category of up to 10 metres in ship length. The yacht is therefore one of the five most interesting newcomers in its class. This nomination is a recognition of the above-average sailing qualities and the new design concept. Th
The FPSO Sevan Voyageur left Yantai Raffles Shipyard in China this morning. The FPSO is placed onboard a dry tow vessel and is on its way to the Keppel Verolme shipyard for topside hook-up and commissioning. FPSO Sevan Voyageur will be installed on the Shelley field in the central UK North Sea in 20
The development of sustainable biofuel took a step forward today as Royal Dutch Shell plc expanded its collaboration with Codexis Inc. to develop new super enzymes to convert biomass to fuel. The new agreement covers five years of research collaboration and includes Shell making an equity investment
A year after The Yachts of Seabourn announced that it would build two new, ultra luxury ships, advance booking activity for the first, Seabourn Odyssey, has led to the line’s decision to exercise the option for another. The third sister ship will be built by T. Mariotti S.p.A. of Genoa, Italy for de
