Dutch oil giant Shell wants to participate in the exploitation of a large gas field on the Russian peninsula Jamal in northern Siberia, Dutch paper Financiele Dagblad reported Monday. The Bovanenko field, owned by Russian gas giant Gazprom, could produce 250 billion cubic meters of gas a year, the r
Work is set to start on cutting up the remains of the stricken cargo ship MSC Napoli off the east Devon coast. The vessel was grounded off Sidmouth in January after it suffered storm damage sailing from Antwerp to South Africa.
Coastguards say they have located a ‘rogue’ poorly equipped fishing boat and its skipper after a major search in the north and far north of Scotland. The 27ft vessel was reported to have left Peterhead for Wick on Sunday.
Total announces that the Thai authorities have approved the extension for ten years of the production period for Bongkot, the largest gas field in Thailand. Bongkot consists of Blocks B15, B16, and B17. With the extension, the Joint Venture partners are entitled to continue to produce gas and conden
Aker Yards has signed a contract with DOF Installer ASA for building of a highly sophisticated Anchor Handling Supply Vessel (AHTS). The value of the contract for the fourth vessel is approximately NOK 765 million. The vessel is a declaration of an option announced on the contract announced in first
Matangi, the sole Tasmanian yacht in this weekend’s 152 nautical race across Bass Strait from Melbourne to Stanley, has won the PHD division in an impressive qualifier for this year’s Rolex Sydney Hobart Yacht Race.
The Great Eastern Shipping Company Ltd (G E Shipping) delivered its Aframax crude carrier ‘Jag Leher’ to the buyers. The 1986 built 107,592 dwt ship was contracted to be sold in September 2007.
A Tyneside engineering firm is planning to open a shipyard in India, in an attempt to capitalise on a boom in Asian oil production. South Shields-based McNulty claims the expansion will help secure future contracts for 300 workers on the Tyne.
Dubai Ports World, which owns P&O, aims to make around $4.32bn (£2.06bn) as it lists 17% of the firm’s shares. The company announced that it would sell 2.822 billion shares costing between $1 and $1.3 each on the Dubai International Financial Exchange.
Coastguards have warned people not to set off emergency flares during firework celebrations after a yacht was hit while a family slept inside. A flare landed on a boat owned by Tim and Judy Atkinson, from Andover, Hampshire, as it was moored in Southampton on Saturday night.
Somali pirates have released two South Korean-owned fishing boats held since May in waters off the Horn of Africa. The two boats and their 24 Asian crew members were escorted to safe waters by the US navy.
DP World, the Dubai-based container terminal operator, is planning to double worldwide capacity over the next 10 years. Mohammed Sharaf, chief executive, told the Financial Times that part of those plans would include accelerating the expansion of its home port in Dubai, where rapid growth has led t
Under cloudless blue skies Saturday morning, Areti II became the 30th yacht to be launched by Burger Boat Co. since 1993. The 127-foot, tri-deck vessel will join its twin, Areti I, in St. Augustine, Fla. later this month after undergoing sea trials on Lake Michigan. The multi-million dollar ships we
Rolex Sydney Hobart Yacht Race yachts Skandia and Georgia from Victoria and Matangi from Tasmania sailed impressively in a rugged race across Bass Strait from Melbourne to Stanley on the north-west tip of Tasmania over the weekend.
