The first two Damen Axe Bow vessels have been delivered to Oceanteam, with office in Amsterdam, the Netherlands. The vessels will be leased by Diavaz for operation in deep water in the Gulf of Mexico. The vessel’s axe shaped bow maximises the waterline length and prevents the bow from coming out of
Keppel FELS Limited (Keppel FELS) has secured a repeat order for an ultra-deepwater semisubmersible (semi) drilling rig from a wholly-owned subsidiary of ENSCO International Incorporated (ENSCO). The total project value is approximately US$385 million. To be named ENSCO 8502, the semi is scheduled f
Frontline Ltd. (“Frontline” or the “Company”) has agreed to sell its VLCC Front Beijing, which was delivered in 2006, for gross sale proceeds of $141.5 million. Delivery to the buyers is expected to take place in November 2006. This transaction will give a positive result of approximately USD 59 mil
Hyundai Heavy industries Co. (KSE:009540), the world’s biggest shipyard, has clinched a US$1.6 billion order for an offshore platform project in the United Arab Emirates (UAE), the largest single order in the industry. Hyundai Heavy and the UAE’s state-run oil and gas firm, Abu Dhabi Marine Operatin
A leading fishing body has quit a Scottish Executive-backed working group claiming it was failing to protect fisherman from European catch cuts. The Fisherman’s Association Limited (FAL) announced the split ahead of the launch of the group’s action plan. It said the Sea Fisheries Advisory and Refere
Campaigners are renewing their call for new ship orders for a Cumbrian yard at the Labour Party conference. The BAE Systems yard in Barrow is currently involved in building submarines for the Royal Navy. It is also bidding to be part of a multi-billion pound aircraft carrier building programme. Memb
ENSCO International Incorporated (NYSE:ESV) announced that one of its subsidiaries has entered into an agreement with the Keppel FELS Limited (Keppel FELS) Shipyard in Singapore to construct an ultra-deepwater semisubmersible rig to be named ENSCO 8502. The total project cost of ENSCO 8502 is curren
W
BP today announced that it has reached agreement to acquire acreage interests from Chevron in the UK Central North Sea containing the Arundel and Kidd discoveries and further exploration potential. As a result of this deal, which is subject to DTI approval, BP will increase its interest in License P
Saudi-based international petroleum company, Aramco, signed two contracts for the development of the 1.2 million barrels per day (bpd) Khureis Increment Program (KIP). The Khureis crude contract went to Snamprogetti from Italy, and the Khureis gas contract was signed with a consortium consisting of
Hyundai Heavy Industries (HHI) has received an order to build offshore oil production facilities, worth at US$1.6 billion. This contract is the world’s largest of offshore oil projects in value and scale recorded ever by a single company. HHI announced that a Letter of Award (LOA) has been executed
Located on the western edge of Shelter Island and just minutes from downtown San Diego, California, the newly renovated Kona Kai Marina provides tenants and visitors to the area with a state-of-the-art marina and quality accommodations. Bellingham Marine was hired for the renovation based on their r
The Greenbrier Companies (NYSE: GBX) announced today its Gunderson Marine division will christen and launch a double-hull oceangoing barge — the “Morro Bay” — for its customer, Sause Bros., Inc. The launch ceremony will be held on Saturday, September 23, 2006 at 11 AM at the Gunderson Marine facilit
Elvstr
