Devon Energy Corp. (DVN) said Thursday it will drill three new exploration wells in Brazil starting in October and is betting on new oil discoveries in the South American country. The main purpose for drilling the new wells is to gain further knowledge about the limits of Devon’s Polvo field in the
Kochi, Aug. 18 (PTI): Sulphuric acid leaked from a tanker transporting about 8000 litres of the acid from the Fertilisers and Chemicals Travancore (FACT)’s Udyogamandal plant to its Ambelamedu plant here today. The leakage was noticed as the tanker was passing through Kakkanad near the district coll
When the Navy christens its first littoral ship next month it will inaugurate a new breed of warship, which its leaders say is perfectly tailored to confront the unconventional threats of the 21st century. So named because they can navigate the shallow coastal waters known as littorals, the new-gene
Fugro N.V. has entered into exclusive discussions with Rovtech Ltd. on the acquisition of the Company. Rovtech Ltd., with its headquarters in Aberdeen, UK, is a provider of ROV (Remotely Operated Vehicle) services to the oil and gas industry, specialised in the IRM (inspection, repair and maintenanc
Tidewater Inc. (NYSE:TDW) announced today the closing on the sale of ten offshore tugs for a total cash price of $31.5 million. The culmination of this transaction results in an approximate $24 million pre-tax financial gain, or $.27 per common share after tax. The company previously announced that
It has been two weeks since a barge spewed alomst 30-thousand litres of bunker fuel into Howe Sound near Squamish causing an environmental nightmare. But it appears the company involved is doing all it can to clean it up. While the clean up continues, Environment Minister Barry Penner says the cost,
There was no distress call, no indication of enemy depth charges exploding or bulkheads breached, just a dead silence that stretched from a few days into 60 years. The USS Grunion disappeared in July 1942, leaving 70 American families grieving and the three sons of skipper Mannert L. “Jim” Abele wit
AUSTRALIA has the skills and industrial bases to maintain an efficient naval shipbuilding industry despite questions about its viability, defence officials said today. A federal parliamentary inquiry has heard repeated evidence that the next generation of Australian warships will almost certainly be
President Hugo Chavez said Thursday that Venezuela will strike a deal with China for a group of oil tankers when he visits the Asian country later this month. “We’re going to sign a contract over there with (Chinese) President Hu Jintao so that China will build a group of super tankers,” Chavez said
General Dynamics Electric Boat on Tuesday began the renovation of graving docks 1 and 2 at its shipyard, which will enable the company to build upon its submarine-repair capabilities and help retain its workforce in Connecticut. The two-year project will cost $65 million. The docks are used for new
B.C. Ferries says it’s still negotiating to buy a ship to replace the Queen of the North, which sank last March off the North B.C. coast with the loss of two lives. The information is contained in the company’s first quarter financial results, which show net earnings of $14.9 million, down slightly
If only the Philippine Ports Authority (PPA) and FF Cruz Company would be contracted for the use of their suction dredgers, the oil clean-up in the Guimaras seas would only take four to five months, a Coast Guard officer said Thursday. Captain Luis Tuason, District Commander of Philippine Coast Guar
Members of the FBI say that a body recovered from waters off the coast of Italy is that of a Florida woman who disappeared from a cruise ship in last month. Lourdes Hall, an FBI spokeswoman, told reporters that 22-year old Elizabeth Galeana is a victim of drowning, and that investigators believe the
B.C. Ferries has chosen a German company to build a new ferry that will replace the aging Queen of Prince Rupert. Flensburger Schiffbau
