A trawler fishing off the Kent coast has dredged up its second unexploded World War II mine in three weeks. The Millenia caught the parachute mine off Margate on Wednesday afternoon.
The nation’s oil and gas industry has recorded another landmark development as Single Buoy Moorings (SBM) Incorporated, a Swiss-based offshore contractor installed trellines in Shell’s Bonga deepwater field, the first to be installed during crude oil production in the country.
Aker Yards has signed a contract with ‘K’ Line Offshore AS for building of four Platform Supply Vessels of Aker Yards design. The total value of this contract is approximately NOK 1,4 billion. Delivery of the four Platform Supply Vessels is scheduled between fourth quarter of 2010 and third quarter
Mexican police and customs have seized more than 11 tons of cocaine at a port on the country’s Pacific coast, one of the largest-ever hauls in Mexico, the government said on Wednesday. Police found the narcotics, the second major haul this month, on board a Hong Kong-flagged container ship
Third quarter 2007 revenues were $94.7 million, up 22.2% from $77.5 million for the third quarter of 2006. Operating income was $44.9 million, or 47.4% of revenues, for the third quarter of 2007 compared to $37.7 million, or 48.6% of revenues, for the prior-year quarter. Net income for the third qua
Triangle Petroleum Corporation is pleased to report that the Company has now drilled two exploration test wells into the Horton Bluff shale formation on its 516,000 gross acre land position in Nova Scotia, Canada. The Horton Bluff shale formation is the exploration target for an unconventional gas r
Atlas Copco today announced it has acquired the remaining 75% of shares in its joint venture company Shenyang Ruifeng Machinery Ltd, strengthening its production in China of core components for construction tools.
Keppel AmFELS Inc. (Keppel AmFELS), the US wholly-owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), has secured contracts from Rowan Companies, Inc. (Rowan) to build four jackup rigs. Each rig is valued at US$195 million, which includes owner furnished equipment.
Aegean Marine Petroleum Network Inc. , an international marine fuel logistics company that markets and physically supplies marine fuel and lubricants, today announced that it is expanding its global network of marine fuel service centers with the acquisition of Portland Bunkers International’s (PBI)
Today, Maersk Logistics, part of the A.P. Moller – Maersk Group, announced the global launch of a new carbon footprint reduction service. The new offering – the SupplyChain CarbonCheck™ – is a consulting service aimed at supporting companies in reducing carbon emissions from their supply chains. The
Transocean Inc. today reported net income for the three months ended September 30, 2007 of $973 million, or $3.24 per diluted share, on record quarterly revenues of $1,538 million. The results compare to net income of $309 million, or $0.96 per diluted share, on revenues of $1,025 million, for the t
Wärtsilä and Bryansk Engineering Works (BMZ), manufacturing subsidiary of Transmashholding, Russia, have jointly signed a licence agreement for the manufacture of Wärtsilä low-speed marine diesel engines by BMZ. Wärtsilä and BMZ recognise this agreement as a basis for a long-term cooperation for man
Mr. John C.S. Lau, President & Chief Executive Officer of Husky Energy Inc. today announced the completion of Gas Sales Agreements between Husky Oil (Madura) Ltd. and PT Parna Raya, PT Inti Alasindo Energy and PT Perusahaan Gas Negara (Persero) Tbk (‘PGN’) for the sales of the natural gas production
The SS Nomadic, the ship which ferried passengers to the Titanic, is to leave its berth close to Belfast city centre. The tender will be removed on Wednesday from Queen’s Quay to Barnett’s Dock for maintenance ahead of her planned move to dry dock before the end of the year.
